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Top Glove Corporation Bhd
KLSE:TOPGLOV

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Top Glove Corporation Bhd
KLSE:TOPGLOV
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Price: 0.595 MYR 0.85%
Market Cap: 4.9B MYR

ROE

2.6%
Current
Improving
by 7.2%
vs 3-y average of -4.6%

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
2.6%
=
Net Income
138.4m
/
Avg Total Equity
5.3B

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
2.6%
=
Net Income
MYR138.4m
/
Avg Total Equity
5.3B

Peer Comparison

Country Company Market Cap ROE
MY
Top Glove Corporation Bhd
KLSE:TOPGLOV
4.8B MYR
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US
Medline Inc
NASDAQ:MDLN
62.7B USD
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JP
Hoya Corp
TSE:7741
9.3T JPY
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CH
Alcon AG
SIX:ALC
31.6B CHF
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DK
Coloplast A/S
CSE:COLO B
108.1B DKK
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US
Align Technology Inc
NASDAQ:ALGN
13.5B USD
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UK
ConvaTec Group PLC
LSE:CTEC
4.7B GBP
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CA
Bausch + Lomb Corp
NYSE:BLCO
6.2B USD
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CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
40.9B CNY
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JP
Asahi Intecc Co Ltd
TSE:7747
807.9B JPY
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CH
Ypsomed Holding AG
SIX:YPSN
4.1B CHF
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Market Distribution

In line with most companies in Malaysia
Percentile
38th
Based on 931 companies
38th percentile
2.6%
Low
-232.1% — 0.7%
Typical Range
0.7% — 9.3%
High
9.3% — 369.7%
Distribution Statistics
Malaysia
Min -232.1%
30th Percentile 0.7%
Median 5.1%
70th Percentile 9.3%
Max 369.7%

Top Glove Corporation Bhd
Glance View

Market Cap
4.9B MYR
Industry
Health Care

Nestled in the bustling industrial landscape of Malaysia, Top Glove Corporation Bhd has emerged as a pivotal player in the global healthcare supply chain. Founded in 1991 by Tan Sri Dr. Lim Wee Chai, what began as a modest enterprise with a singular production line has transformed into the world's largest manufacturer of gloves. The company’s remarkable journey is powered by its commitment to innovation, stringent quality control, and a relentless drive to expand its production capacity. With operations spanning several countries, Top Glove’s manufacturing capabilities cater to a variety of glove types, including latex, nitrile, and vinyl, addressing the diverse needs of healthcare professionals across the globe. Top Glove operates on a high-volume, low-margin business model, allowing it to thrive in an industry that demands both reliability and cost-effectiveness. The company generates revenue by selling its products to an extensive network of distributors, healthcare institutions, and retailers worldwide. Its strategic approach to cost management and supply chain efficiency enables Top Glove to maintain competitive pricing while ensuring significant profit margins. By continuously investing in technology upgrades and expanding its production facilities, Top Glove ensures it remains at the forefront of the glove manufacturing sector, adeptly navigating the vicissitudes of global health trends and economic cycles.

TOPGLOV Intrinsic Value
0.725 MYR
Undervaluation 18%
Intrinsic Value
Price
T
What is Return on Equity?
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
How is ROE calculated?

ROE is calculated by dividing the Net Income by the Avg Total Equity.

ROE
2.6%
=
Net Income
138.4m
/
Avg Total Equity
5.3B
What is Top Glove Corporation Bhd's current ROE?

The current ROE for Top Glove Corporation Bhd is 2.6%, which is above its 3-year median of -4.6%.

How has ROE changed over time?

Over the last 3 years, Top Glove Corporation Bhd’s ROE has increased from -1.9% to 2.6%. During this period, it reached a low of -14.6% on Aug 31, 2023 and a high of 2.6% on Nov 30, 2025.

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