IOIOF (IOI Bhd) Piotroski F-Score: 5 (As of Jun. 24, 2026) — 17% Below Median


IOIOF IOI Corp Bhd IOIOF
84 GF Score
Price $0.76
GF Value $0.72
! 5 Warning Signs
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What is IOI Bhd Piotroski F-Score?

IOI Bhd IOIOF 84 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates IOIOF with a GF Score™ of 84/100 and a GF Value™ of $0.72. The stock has 5 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, IOI Bhd ranks better than 52.09% on this metric.

The zones of discrimination were as such:

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

IOI Bhd has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

IOIOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of IOI Bhd was 7. The lowest was 4. And the median was 6.

IOI Bhd  (OTCPK:IOIOF) 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.


IOI Bhd Piotroski F-Score Related Terms


IOI Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for IOI 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.

IOI Bhd Piotroski F-Score Chart

IOI Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 6.00 6.00

IOI 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 7.00 6.00 6.00 6.00 5.00

IOIOF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, IOI 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.


IOI Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, IOI Bhd's Piotroski F-Score distribution charts can be found below:

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


IOIOF
84GF Score
IOI Corp Bhd IOIOF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 102.997 + 87.754 + 129.274 + 71.729 = $392 Mil.
Cash Flow from Operations was 41.553 + 90.866 + 96.62 + 128.367 = $357 Mil.
Revenue was 698.466 + 724.979 + 736.29 + 677.41 = $2,837 Mil.
Gross Profit was 698.466 + 724.979 + 736.29 + 677.41 = $2,837 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3969.182 + 4278.126 + 4318.541 + 4595.812 + 4711.135) / 5 = $4374.5592 Mil.
Total Assets at the begining of this year (Mar25) was $3,969 Mil.
Long-Term Debt & Capital Lease Obligation was $595 Mil.
Total Current Assets was $1,175 Mil.
Total Current Liabilities was $412 Mil.
Net Income was 73.66 + 166.996 + 24.922 + 59.177 = $325 Mil.

Revenue was 539.25 + 628.131 + 665.291 + 617.169 = $2,450 Mil.
Gross Profit was 539.25 + 628.131 + 665.291 + 617.169 = $2,450 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3734.766 + 3809.789 + 4160.816 + 4011.037 + 3969.182) / 5 = $3937.118 Mil.
Total Assets at the begining of last year (Mar24) was $3,735 Mil.
Long-Term Debt & Capital Lease Obligation was $597 Mil.
Total Current Assets was $969 Mil.
Total Current Liabilities was $307 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.

IOI Bhd's current Net Income (TTM) was 392. ==> 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.

IOI Bhd's current Cash Flow from Operations (TTM) was 357. ==> 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)
=391.754/3969.182
=0.09869893

ROA (Last Year)=Net Income/Total Assets (Mar24)
=324.755/3734.766
=0.08695458

IOI Bhd's return on assets of this year was 0.09869893. IOI Bhd's return on assets of last year was 0.08695458. ==> This year is higher. ==> Score 1.

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.

IOI Bhd's current Net Income (TTM) was 392. IOI Bhd's current Cash Flow from Operations (TTM) was 357. ==> 357 <= 392 ==> CFROA <= ROA ==> Score 0.

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
=595.124/4374.5592
=0.13604205

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=597.315/3937.118
=0.15171377

IOI Bhd's gearing of this year was 0.13604205. IOI Bhd's gearing of last year was 0.15171377. ==> 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
=1175.284/412.497
=2.84919405

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=969.002/306.892
=3.15746908

IOI Bhd's current ratio of this year was 2.84919405. IOI Bhd's current ratio of last year was 3.15746908. ==> Last year's current ratio is higher ==> Score 0.

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.

IOI Bhd's number of shares in issue this year was 6285.2. IOI Bhd's number of shares in issue last year was 6203.7. ==> 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
=2837.145/2837.145
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2449.841/2449.841
=1

IOI Bhd's gross margin of this year was 1. IOI Bhd's gross margin of last year was 1. ==> Last year's gross margin is higher ==> Score 0.

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)
=2837.145/3969.182
=0.71479338

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2449.841/3734.766
=0.65595569

IOI Bhd's asset turnover of this year was 0.71479338. IOI Bhd's asset turnover of last year was 0.65595569. ==> 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+1+0+1+0+0+0+1
=5

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

IOI Bhd has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
IOI Bhd (IOIOF) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on IOI Bhd and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, IOI Bhd's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, IOI Bhd ranks #916 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is IOI Bhd's Piotroski F-Score too high?
IOI Bhd's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. IOI Bhd's value of 5 is 0% at this industry median. Based on the distribution chart, IOI Bhd ranks #916 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, IOI Bhd has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does IOI Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, IOI Bhd ranks #916 out of 1912 companies for Piotroski F-Score. This puts IOI Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. IOI Bhd's value of 5 is 0% at this benchmark. Historically, IOI Bhd's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, IOI Bhd has consistently been at 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. IOI Bhd's current Piotroski F-Score of 5 is 0% at 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 IOI Bhd and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IOI Bhd's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IOI Bhd stock overvalued right now?
IOI Bhd (IOIOF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $0.72, compared to a current price of $0.76 — trading 5.3% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. IOI Bhd's overall GF Score™ is 84/100 with 5 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 IOI Bhd (IOIOF), the current Piotroski F-Score is 5 as of Jun. 24, 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 IOI Bhd (IOIOF) Overvalued in 2026?

Based on GuruFocus' analysis, IOI Bhd stock appears to be overvalued. The current stock price of $0.76 is trading 5.3% above its estimated GF Value™ of $0.72.

Key valuation signals for IOIOF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $0.72 vs. price of $0.76 (5.3% above fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1912)

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


IOI Bhd Business Description

Other Exchanges 1961:Malaysia
Address Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, MYS, 62502
IOI Corp Bhd is a palm oil producer. Its operations include oil palm plantations and Resource-based manufacturing divisions. The plantations are monitored to check oil palm nutrient status, seed breeding, ground conditions, and other data sources to improve the efficiency of each estate. The majority of revenue from the plantations comes from sales to its manufacturing divisions. Once the oil reaches the manufacturing divisions, it can be refined to create snack ingredients, soap, plastics, fatty acids, and other oils. The products are exported to many different customers, including some multinational corporations. The Group has two (2) reportable operating segments: Plantation, Resource-based manufacturing.
84GF Score

Get the complete analysis for IOIOF

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

$0.76
Price
$0.72
GF Value