KPLIF (Keppel Infrastructure Trust) Piotroski F-Score: 6 (As of Jun. 25, 2026) — Near Median


KPLIF Keppel Infrastructure Trust KPLIF
45 GF Score
Price $0.42
GF Value $0.26
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Keppel Infrastructure Trust Piotroski F-Score?

Keppel Infrastructure Trust KPLIF 45 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates KPLIF with a GF Score™ of 45/100 and a GF Value™ of $0.26 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,566 Chemicals companies, Keppel Infrastructure Trust ranks better than 76.18% 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

Keppel Infrastructure Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

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

Keppel Infrastructure Trust  (OTCPK:KPLIF) 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.


Keppel Infrastructure Trust Piotroski F-Score Related Terms


Keppel Infrastructure Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Keppel Infrastructure Trust'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.

Keppel Infrastructure Trust Piotroski F-Score Chart

Keppel Infrastructure Trust 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 6.00 5.00 6.00

Keppel Infrastructure Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 4.00 5.00 0.00 6.00

KPLIF vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Keppel Infrastructure Trust'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.


Keppel Infrastructure Trust Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keppel Infrastructure Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Keppel Infrastructure Trust's Piotroski F-Score falls into.


KPLIF
45GF Score
Keppel Infrastructure Trust KPLIF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $101 Mil.
Cash Flow from Operations was $247 Mil.
Revenue was $1,765 Mil.
Gross Profit was $919 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (4643.084 + 4960.796) / 2 = $4801.94 Mil.
Total Assets at the begining of this year (Dec24) was $4,643 Mil.
Long-Term Debt & Capital Lease Obligation was $1,920 Mil.
Total Current Assets was $1,181 Mil.
Total Current Liabilities was $1,264 Mil.
Net Income was $69 Mil.

Revenue was $1,640 Mil.
Gross Profit was $852 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (4216.784 + 4643.084) / 2 = $4429.934 Mil.
Total Assets at the begining of last year (Dec23) was $4,217 Mil.
Long-Term Debt & Capital Lease Obligation was $2,366 Mil.
Total Current Assets was $840 Mil.
Total Current Liabilities was $488 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.

Keppel Infrastructure Trust's current Net Income (TTM) was 101. ==> 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.

Keppel Infrastructure Trust's current Cash Flow from Operations (TTM) was 247. ==> 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 (Dec24)
=100.647/4643.084
=0.02167676

ROA (Last Year)=Net Income/Total Assets (Dec23)
=68.705/4216.784
=0.01629322

Keppel Infrastructure Trust's return on assets of this year was 0.02167676. Keppel Infrastructure Trust's return on assets of last year was 0.01629322. ==> 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.

Keppel Infrastructure Trust's current Net Income (TTM) was 101. Keppel Infrastructure Trust's current Cash Flow from Operations (TTM) was 247. ==> 247 > 101 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1920.438/4801.94
=0.39992961

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2366.043/4429.934
=0.53410344

Keppel Infrastructure Trust's gearing of this year was 0.39992961. Keppel Infrastructure Trust's gearing of last year was 0.53410344. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1181.341/1264.398
=0.93431103

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=839.545/488.086
=1.72007597

Keppel Infrastructure Trust's current ratio of this year was 0.93431103. Keppel Infrastructure Trust's current ratio of last year was 1.72007597. ==> 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.

Keppel Infrastructure Trust's number of shares in issue this year was 6084.672. Keppel Infrastructure Trust's number of shares in issue last year was 5773.737. ==> 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
=918.75/1764.53
=0.52067689

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=852.265/1639.685
=0.51977362

Keppel Infrastructure Trust's gross margin of this year was 0.52067689. Keppel Infrastructure Trust's gross margin of last year was 0.51977362. ==> 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 (Dec24)
=1764.53/4643.084
=0.38003405

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1639.685/4216.784
=0.38884728

Keppel Infrastructure Trust's asset turnover of this year was 0.38003405. Keppel Infrastructure Trust's asset turnover of last year was 0.38884728. ==> Last year's asset turnover is higher ==> Score 0.

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+1+1+0+0+1+0
=6

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

Keppel Infrastructure Trust has an F-score of 6 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 6 mean?
Keppel Infrastructure Trust (KPLIF) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Keppel Infrastructure Trust and its competitors. This is near median its historical median of 6.00. Over the past decade, Keppel Infrastructure Trust's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Keppel Infrastructure Trust ranks #373 out of 1566 companies in the Chemicals industry, placing it in the top 23.8%.
Is Keppel Infrastructure Trust's Piotroski F-Score too high?
Keppel Infrastructure Trust's current Piotroski F-Score of 6 is near 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 Chemicals industry median Piotroski F-Score is 5.00. Keppel Infrastructure Trust's value of 6 is 20% above this industry median. Based on the distribution chart, Keppel Infrastructure Trust ranks #373 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Keppel Infrastructure Trust has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keppel Infrastructure Trust's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Keppel Infrastructure Trust ranks #373 out of 1566 companies for Piotroski F-Score. This places Keppel Infrastructure Trust in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Keppel Infrastructure Trust's value of 6 is 20% above this benchmark. Historically, Keppel Infrastructure Trust'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, Keppel Infrastructure Trust 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Keppel Infrastructure Trust's current Piotroski F-Score of 6 is 20% 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 Keppel Infrastructure Trust and its competitors. For the Chemicals 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. Keppel Infrastructure Trust's current Piotroski F-Score is 6, which is near 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 Keppel Infrastructure Trust stock overvalued right now?
Based on GuruFocus' analysis, Keppel Infrastructure Trust (KPLIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.42 — trading 63.2% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Chemicals industry median of 5.00. Keppel Infrastructure Trust's overall GF Score™ is 45/100 with 11 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 Keppel Infrastructure Trust (KPLIF), the current Piotroski F-Score is 6 as of Jun. 25, 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 Keppel Infrastructure Trust (KPLIF) Overvalued in 2026?

Based on GuruFocus' analysis, Keppel Infrastructure Trust stock appears to be overvalued. The current stock price of $0.42 is trading 63.2% above its estimated GF Value™ of $0.26. GuruFocus considers Keppel Infrastructure Trust to be Significantly Overvalued.

Key valuation signals for KPLIF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $0.26 vs. price of $0.42 (63.2% above fair value)
  • GF Score™: 45/100 with 11 warning signs
  • Industry Position: 20% above the Chemicals median (#373 of 1566)

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


Keppel Infrastructure Trust Business Description

Other Exchanges A7RU:Singapore
Address 1 HarbourFront Avenue, Level 2, No. 18-01 Keppel Bay Tower, Singapore, SGP, 098632
Keppel Infrastructure Trust is an Infrastructure Business Trust. Its objective is to invest in infrastructure assets and providing unitholders with regular and predictable distributions and the potential for long-term capital growth. Its portfolio comprises strategic businesses and assets in the following segments, namely Energy Transition, Environmental Services, Distribution & Storage and Digital Infrastructure. A majority of the company's revenue is generated from the Energy Transition segment, which is engaged in the production and retailing of town gas and retailing of natural gas in Singapore, tolling arrangement for the power plant in Singapore, leasing of gas pipelines, sale of electricity produced by wind turbines and leasing of rooftop solar systems.
45GF Score

Get the complete analysis for KPLIF

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

$0.42
Price
$0.26
GF Value