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Ec Excel Holdings BhdXKLS:5192 45 3-Year ROIIC % is 8.39 as of Dec. 2025, which is 70% above its 10-year median of 4.93. GuruFocus rates XKLS:5192 with a GF Score™ of 45/100 and a GF Value™ of RM0.68 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 605 Steel companies, Ec Excel Holdings Bhd ranks better than 66.94% 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.
Ec Excel Holdings Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 8.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Ec Excel Holdings Bhd's 3-Year ROIIC % or its related term are showing as below:
XKLS:5192's 3-Year ROIIC % is ranked better than 66.94% of 605
companies
in the Steel industry
Industry Median: -0.23
vs XKLS:5192: 8.39
Ec Excel Holdings Bhd (XKLS:5192) 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.
Ec Excel Holdings Bhd 3-Year ROIIC % Related Terms
Ec Excel Holdings Bhd 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Ec Excel 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:5192 vs NUE, STLD, RS: 3-Year ROIIC % Comparison
For the Steel subindustry, Ec Excel 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.
Ec Excel Holdings Bhd 3-Year ROIIC % vs Steel Industry
For the Steel industry and Basic Materials sector, Ec Excel Holdings Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Ec Excel Holdings Bhd's 3-Year ROIIC % falls into.
Ec Excel 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**
=
( 10.242844 (Dec. 2025) - 3.5812404 (Dec. 2022) )
/
( 251.176 (Dec. 2025) - 171.753 (Dec. 2022) )
=
6.6616036
/
79.423
=
8.39%***
* 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.
Ec Excel Holdings Bhd (XKLS:5192) has a 3-Year ROIIC % of 8.39 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 Ec Excel Holdings Bhd and its competitors. This is 70% above median its historical median of 4.93. According to the industry distribution chart, Ec Excel Holdings Bhd ranks #200 out of 605 companies in the Steel industry, placing it in the top 33.1%.
Is Ec Excel Holdings Bhd's 3-Year ROIIC % too high?
Ec Excel Holdings Bhd's current 3-Year ROIIC % of 8.39 is 70% above median its 10-year median of 4.93. Based on the distribution chart, Ec Excel Holdings Bhd ranks #200 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Ec Excel Holdings Bhd has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ec Excel Holdings Bhd's 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Ec Excel Holdings Bhd ranks #200 out of 605 companies for 3-Year ROIIC %. This puts Ec Excel Holdings Bhd in the upper half of its industry. 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 a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Ec Excel Holdings Bhd and its competitors. Ec Excel Holdings Bhd's current 3-Year ROIIC % is 8.39, which is 70% above median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ec Excel Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ec Excel Holdings Bhd (XKLS:5192) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.68, compared to a current price of RM0.83 — trading 22.1% above its estimated fair value. The current 3-Year ROIIC % is 8.39, which is 70% above median its 10-year median of 4.93. Ec Excel Holdings Bhd's overall GF Score™ is 45/100 with 7 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 Ec Excel Holdings Bhd (XKLS:5192), the current 3-Year ROIIC % is 8.39 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 Ec Excel Holdings Bhd (XKLS:5192) Overvalued in 2026?
Based on GuruFocus' analysis, Ec Excel Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.83 is trading 22.1% above its estimated GF Value™ of RM0.68.
GuruFocus considers Ec Excel Holdings Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:5192:
3-Year ROIIC %: 8.39 (70% above median its 10-year median of 4.93)
GF Value™: RM0.68 vs. price of RM0.83 (22.1% above fair value)
No single metric tells the full story. See the XKLS:5192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ec Excel Holdings Bhd, formerly known as K. Seng Seng Corp Bhd, is an investment holding company. The company operates through the segments of Stainless steel and metal-related products, Marine hardware and consumables, Engineering and Project works, Other industrial hardware, and Investment holding. The key revenue is derived from the Stainless Steel and metal-related products segment, which involves the manufacture and sales of stainless steel tubes and pipes, and the processing of stainless steel sheet products. The group has a business presence in Malaysia; Republic of Singapore; Republic of Singapore; Australia; Republic of Indonesia; and Brunei, of which it generates maximum revenue from Malaysia.
45GF Score
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