AXXTF (Axiata Group Bhd) Piotroski F-Score: 7 (As of Aug. 14, 2026) — 40% Above Median

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AXXTF Axiata Group Bhd AXXTF
62 GF Score
Price $0.46
GF Value $0.44
! 6 Warning Signs
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What is Axiata Group Bhd Piotroski F-Score?

Axiata Group Bhd AXXTF 62 Piotroski F-Score is 7 as of Aug. 14, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates AXXTF with a GF Score™ of 62/100 and a GF Value™ of $0.44. The stock has 6 warning signs investors should review. Among 354 Telecommunication Services companies, Axiata Group Bhd ranks better than 90.4% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Axiata Group Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Axiata Group Bhd's Piotroski F-Score or its related term are showing as below:

AXXTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Axiata Group Bhd was 7. The lowest was 3. And the median was 5.

Axiata Group Bhd  (OTCPK:AXXTF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Axiata Group Bhd Piotroski F-Score Related Terms


Axiata Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Axiata Group Bhd's Piotroski F-Score 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.

Axiata Group Bhd Piotroski F-Score Chart

Axiata Group Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 5.00 6.00 5.00

Axiata Group Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 5.00 5.00 7.00

AXXTF vs VZ, TMUS, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Axiata Group Bhd's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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.


Axiata Group Bhd Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Axiata Group Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Axiata Group Bhd's Piotroski F-Score falls into.


AXXTF
62GF Score
Axiata Group Bhd AXXTF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 63.902 + -6.497 + -9.461 + 69.324 = $117 Mil.
Cash Flow from Operations was 44.835 + 229.734 + 246.542 + 65.709 = $587 Mil.
Revenue was 699.957 + 693.783 + 728.741 + 708.897 = $2,831 Mil.
Gross Profit was 621.723 + 622.439 + 668.96 + 634.997 = $2,548 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16335.873 + 12572.41 + 12205.748 + 12173.664 + 12506.598) / 5 = $13158.8586 Mil.
Total Assets at the begining of this year (Mar25) was $16,336 Mil.
Long-Term Debt & Capital Lease Obligation was $3,002 Mil.
Total Current Assets was $2,008 Mil.
Total Current Liabilities was $2,995 Mil.
Net Income was 28.644 + 229.49 + -50.421 + 36.061 = $244 Mil.

Revenue was 704.881 + 720.193 + 665.824 + 652.421 = $2,743 Mil.
Gross Profit was 625.307 + 636.163 + 587.867 + 577.86 = $2,427 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(16798.561 + 16602.269 + 16919.281 + 16679.587 + 16335.873) / 5 = $16667.1142 Mil.
Total Assets at the begining of last year (Mar24) was $16,799 Mil.
Long-Term Debt & Capital Lease Obligation was $5,864 Mil.
Total Current Assets was $2,369 Mil.
Total Current Liabilities was $3,816 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Axiata Group Bhd's current Net Income (TTM) was 117. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Axiata Group Bhd's current Cash Flow from Operations (TTM) was 587. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=117.268/16335.873
=0.00717856

ROA (Last Year)=Net Income/Total Assets (Mar24)
=243.774/16798.561
=0.0145116

Axiata Group Bhd's return on assets of this year was 0.00717856. Axiata Group Bhd's return on assets of last year was 0.0145116. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Axiata Group Bhd's current Net Income (TTM) was 117. Axiata Group Bhd's current Cash Flow from Operations (TTM) was 587. ==> 587 > 117 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=3001.992/13158.8586
=0.22813468

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5864.432/16667.1142
=0.35185647

Axiata Group Bhd's gearing of this year was 0.22813468. Axiata Group Bhd's gearing of last year was 0.35185647. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2007.545/2995.422
=0.6702044

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2368.722/3815.858
=0.62075738

Axiata Group Bhd's current ratio of this year was 0.6702044. Axiata Group Bhd's current ratio of last year was 0.62075738. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Axiata Group Bhd's number of shares in issue this year was 9210.886. Axiata Group Bhd's number of shares in issue last year was 9194.372. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2548.119/2831.378
=0.89995719

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2427.197/2743.319
=0.88476659

Axiata Group Bhd's gross margin of this year was 0.89995719. Axiata Group Bhd's gross margin of last year was 0.88476659. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2831.378/16335.873
=0.17332272

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2743.319/16798.561
=0.16330679

Axiata Group Bhd's asset turnover of this year was 0.17332272. Axiata Group Bhd's asset turnover of last year was 0.16330679. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Axiata Group Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Axiata Group Bhd (AXXTF) has a Piotroski F-Score of 7 as of Aug. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Axiata Group Bhd and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Axiata Group Bhd's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Axiata Group Bhd ranks #34 out of 354 companies in the Telecommunication Services industry, placing it in the top 9.6%.
Is Axiata Group Bhd's Piotroski F-Score too high?
Axiata Group Bhd's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Axiata Group Bhd's value of 7 is 16.7% above this industry median. Based on the distribution chart, Axiata Group Bhd ranks #34 out of 354 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Axiata Group Bhd has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Axiata Group Bhd's Piotroski F-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Axiata Group Bhd ranks #34 out of 354 companies for Piotroski F-Score. This places Axiata Group Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Axiata Group Bhd's value of 7 is 16.7% above this benchmark. Historically, Axiata Group Bhd's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Axiata Group 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 Piotroski F-Score for a Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axiata Group Bhd's current Piotroski F-Score of 7 is 16.7% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Axiata Group Bhd and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axiata Group Bhd's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axiata Group Bhd stock overvalued right now?
Axiata Group Bhd (AXXTF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $0.44, compared to a current price of $0.46 — trading 5.4% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Telecommunication Services industry median of 6.00. Axiata Group Bhd's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Axiata Group Bhd (AXXTF), the current Piotroski F-Score is 7 as of Aug. 14, 2026. 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 Axiata Group Bhd (AXXTF) Overvalued in 2026?

Based on GuruFocus' analysis, Axiata Group Bhd stock appears to be overvalued. The current stock price of $0.46 is trading 5.4% above its estimated GF Value™ of $0.44.

Key valuation signals for AXXTF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $0.44 vs. price of $0.46 (5.4% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 16.7% above the Telecommunication Services median (#34 of 354)

No single metric tells the full story. See the AXXTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Axiata Group Bhd Business Description

Other Exchanges 6888:Malaysia
Address 9 Jalan Stesen Sentral 5, Level 30, Axiata Tower, Sentral, Kuala Lumpur, SGR, MYS, 50470
Axiata Group Bhd is a telecommunications company. The business segment of the company is the Digital telco/Mobile segment, which includes the provision of mobile services and other services such as the provision of interconnect services, sale of devices, pay television transmission services, broadband services, digital business, and others; the Digital segment is engaged in the multimedia advertising, creative content, e-commerce enablement; Infrastructure segment is engaged in the provision of telecommunication infrastructure and related services; and Others comprise investment holding entities, financing entities and other operating companies providing other services including digital business and fibre optic transmission.
62GF Score

Get the complete analysis for AXXTF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.46
Price
$0.44
GF Value