Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
FSBM Holdings Bhd's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -181.96%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for FSBM Holdings Bhd's 3-Year ROIIC % or its related term are showing as below:
XKLS:9377's 3-Year ROIIC % is ranked worse than 94.77% of 2371
companies
in the Hardware industry
Industry Median: 2.34
vs XKLS:9377: -181.96
FSBM Holdings Bhd (XKLS:9377) 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.
FSBM Holdings Bhd 3-Year ROIIC % Related Terms
FSBM Holdings Bhd 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for FSBM 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:9377 vs SNX, ARW, AVT: 3-Year ROIIC % Comparison
For the Electronics & Computer Distribution subindustry, FSBM 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.
FSBM Holdings Bhd 3-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, FSBM Holdings Bhd's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where FSBM Holdings Bhd's 3-Year ROIIC % falls into.
FSBM 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**
=
( -12.611 (Dec. 2025) - 4.453524 (Dec. 2022) )
/
( 16.004 (Dec. 2025) - 6.626 (Dec. 2022) )
=
-17.064524
/
9.378
=
-181.96%***
* 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.
FSBM Holdings Bhd (XKLS:9377) has a 3-Year ROIIC % of -181.96 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 FSBM Holdings Bhd and its competitors. According to the industry distribution chart, FSBM Holdings Bhd ranks #2247 out of 2371 companies in the Hardware industry, placing it in the top 94.8%.
Is FSBM Holdings Bhd's 3-Year ROIIC % too high?
FSBM Holdings Bhd's current 3-Year ROIIC % is -181.96. Based on the distribution chart, FSBM Holdings Bhd ranks #2247 out of 2371 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, FSBM Holdings Bhd has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FSBM Holdings Bhd's 3-Year ROIIC % compare to SNX and ARW?
According to the Hardware industry distribution chart, FSBM Holdings Bhd ranks #2247 out of 2371 companies for 3-Year ROIIC %. This places FSBM Holdings Bhd in the lower half of its industry. The industry median 3-Year ROIIC % is 2.34. 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.34, based on 2,371 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. 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 FSBM Holdings Bhd and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSBM Holdings Bhd's current 3-Year ROIIC % is -181.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSBM Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, FSBM Holdings Bhd (XKLS:9377) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.28, compared to a current price of RM0.18 — trading 35.7% below its estimated fair value. The current 3-Year ROIIC % is -181.96. FSBM Holdings Bhd's overall GF Score™ is 29/100 with 4 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 FSBM Holdings Bhd (XKLS:9377), the current 3-Year ROIIC % is -181.96 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 FSBM Holdings Bhd (XKLS:9377) Overvalued in 2026?
Based on GuruFocus' analysis, FSBM Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.18 is trading 35.7% below its estimated GF Value™ of RM0.28.
GuruFocus considers FSBM Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:9377:
3-Year ROIIC %: -181.96
GF Value™: RM0.28 vs. price of RM0.18 (35.7% below fair value)
No single metric tells the full story. See the XKLS:9377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSBM Holdings Bhd is an investment holding company that distributes computers, computer-related products, education-related products, and the provision of related services. The company's reportable segments: The platform design and development include the development of web-based and mobile platforms for customers. The Refurbishment services include refurbishment of pre-owned IT hardware. The lease services include the leasing of IT hardware. The technical support and maintenance services include after-sales service following the completion of the platform design and development projects. Smart manufacturing solutions provides manpower services in respect of system integration, commissioning and setup services, and Managed security service offers network security solutions and others.
29GF Score
Get the complete analysis for XKLS:9377
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:9377 has been successfully added to your 
