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PBA Holdings BhdXKLS:5041 +0.51%78 3-Year ROIIC % is 17.48 as of Dec. 2025, which is 164% above its 10-year median of 6.62. GuruFocus rates XKLS:5041 with a GF Score™ of 78/100 and a GF Value™ of RM2.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 477 Utilities - Regulated companies, PBA Holdings Bhd ranks better than 83.02% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
PBA Holdings Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 17.48%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for PBA Holdings Bhd's 3-Year ROIIC % or its related term are showing as below:
XKLS:5041's 3-Year ROIIC % is ranked better than 83.02% of 477
companies
in the Utilities - Regulated industry
Industry Median: 3.88
vs XKLS:5041: 17.48
PBA Holdings Bhd (XKLS:5041) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
PBA Holdings Bhd 3-Year ROIIC % Related Terms
PBA Holdings Bhd 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for PBA Holdings Bhd's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:5041 vs AWK, WTRG, AWR: 3-Year ROIIC % Comparison
For the Utilities - Regulated Water subindustry, PBA Holdings Bhd's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PBA Holdings Bhd 3-Year ROIIC % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where PBA Holdings Bhd's 3-Year ROIIC % falls into.
PBA Holdings Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 123.248028 (Dec. 2025) - 51.322 (Dec. 2022) )
/
( 1677.475 (Dec. 2025) - 1265.904 (Dec. 2022) )
=
71.926028
/
411.571
=
17.48%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
PBA Holdings Bhd (XKLS:5041) has a 3-Year ROIIC % of 17.48 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PBA Holdings Bhd and its competitors. This is 164% above median its historical median of 6.62. According to the industry distribution chart, PBA Holdings Bhd ranks #81 out of 477 companies in the Utilities - Regulated industry, placing it in the top 17%.
Is PBA Holdings Bhd's 3-Year ROIIC % too high?
PBA Holdings Bhd's current 3-Year ROIIC % of 17.48 is 164% above median its 10-year median of 6.62. The Utilities - Regulated industry median 3-Year ROIIC % is 3.88. PBA Holdings Bhd's value of 17.48 is 350.5% above this industry median. Based on the distribution chart, PBA Holdings Bhd ranks #81 out of 477 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, PBA Holdings Bhd has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's 3-Year ROIIC % compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, PBA Holdings Bhd ranks #81 out of 477 companies for 3-Year ROIIC %. This places PBA Holdings Bhd in the top 17% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.88. PBA Holdings Bhd's value of 17.48 is 350.5% above this benchmark. While the company's 10-year median is 6.62 vs. the industry median of 3.88, PBA Holdings Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Utilities - Regulated company?
The median 3-Year ROIIC % among Utilities - Regulated companies is 3.88, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PBA Holdings Bhd's current 3-Year ROIIC % of 17.48 is 350.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PBA Holdings Bhd and its competitors. For the Utilities - Regulated industry, the median 3-Year ROIIC % is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBA Holdings Bhd's current 3-Year ROIIC % is 17.48, which is 164% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.31, compared to a current price of RM1.99 — trading 13.9% below its estimated fair value. The current 3-Year ROIIC % is 17.48, which is 164% above median its 10-year median of 6.62 and 350.5% above the Utilities - Regulated industry median of 3.88. PBA Holdings Bhd's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For PBA Holdings Bhd (XKLS:5041), the current 3-Year ROIIC % is 17.48 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?
Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued.
The current stock price of RM1.99 is trading 13.9% below its estimated GF Value™ of RM2.31.
GuruFocus considers PBA Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5041:
3-Year ROIIC %: 17.48 (164% above median its 10-year median of 6.62)
GF Value™: RM2.31 vs. price of RM1.99 (13.9% below fair value)
Industry Position: 350.5% above the Utilities - Regulated median (#81 of 477)
No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
78GF Score
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