MAXSF (Maxis Bhd) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


MAXSF Maxis Bhd MAXSF
81 GF Score
Price $0.71
GF Value $0.79
! 5 Warning Signs
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What is Maxis Bhd Piotroski F-Score?

Maxis Bhd MAXSF 81 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates MAXSF with a GF Score™ of 81/100 and a GF Value™ of $0.79. The stock has 5 warning signs investors should review. Among 359 Telecommunication Services companies, Maxis Bhd ranks better than 88.3% 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

Maxis 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 Maxis Bhd's Piotroski F-Score or its related term are showing as below:

MAXSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Maxis Bhd was 9. The lowest was 3. And the median was 5.

Maxis Bhd  (OTCPK:MAXSF) 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.


Maxis Bhd Piotroski F-Score Related Terms


Maxis Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Maxis 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.

Maxis Bhd Piotroski F-Score Chart

Maxis 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 6.00 6.00 7.00

Maxis 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 9.00 7.00 7.00 7.00

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

For the Telecom Services subindustry, Maxis 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.


Maxis Bhd Piotroski F-Score vs Telecommunication Services Industry

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

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


MAXSF
81GF Score
Maxis Bhd MAXSF
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 93.912 + 97.874 + 92.95 + 105.58 = $390 Mil.
Cash Flow from Operations was 219.207 + 264.164 + 161.196 + 248.886 = $893 Mil.
Revenue was 601.463 + 611.949 + 700.308 + 688.171 = $2,602 Mil.
Gross Profit was 335.536 + 335.669 + 341.226 + 361.809 = $1,374 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5200 + 5273.95 + 5349.329 + 5509.026 + 5725.137) / 5 = $5411.4884 Mil.
Total Assets at the begining of this year (Mar25) was $5,200 Mil.
Long-Term Debt & Capital Lease Obligation was $1,755 Mil.
Total Current Assets was $788 Mil.
Total Current Liabilities was $1,732 Mil.
Net Income was 75.592 + 86 + 72.007 + 83.7 = $317 Mil.

Revenue was 546.342 + 603.412 + 619.126 + 585.448 = $2,354 Mil.
Gross Profit was 292.175 + 325.673 + 303.506 + 310.209 = $1,232 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4929.476 + 4816.86 + 5333.427 + 5007.515 + 5200) / 5 = $5057.4556 Mil.
Total Assets at the begining of last year (Mar24) was $4,929 Mil.
Long-Term Debt & Capital Lease Obligation was $1,946 Mil.
Total Current Assets was $850 Mil.
Total Current Liabilities was $1,288 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.

Maxis Bhd's current Net Income (TTM) was 390. ==> 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.

Maxis Bhd's current Cash Flow from Operations (TTM) was 893. ==> 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)
=390.316/5200
=0.07506077

ROA (Last Year)=Net Income/Total Assets (Mar24)
=317.299/4929.476
=0.06436769

Maxis Bhd's return on assets of this year was 0.07506077. Maxis Bhd's return on assets of last year was 0.06436769. ==> 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.

Maxis Bhd's current Net Income (TTM) was 390. Maxis Bhd's current Cash Flow from Operations (TTM) was 893. ==> 893 > 390 ==> 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
=1754.608/5411.4884
=0.3242376

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1945.854/5057.4556
=0.3847496

Maxis Bhd's gearing of this year was 0.3242376. Maxis Bhd's gearing of last year was 0.3847496. ==> 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
=787.675/1731.821
=0.45482472

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=849.633/1287.761
=0.65977538

Maxis Bhd's current ratio of this year was 0.45482472. Maxis Bhd's current ratio of last year was 0.65977538. ==> 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.

Maxis Bhd's number of shares in issue this year was 7842. Maxis Bhd's number of shares in issue last year was 7835. ==> 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
=1374.24/2601.891
=0.5281697

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1231.563/2354.328
=0.52310596

Maxis Bhd's gross margin of this year was 0.5281697. Maxis Bhd's gross margin of last year was 0.52310596. ==> 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)
=2601.891/5200
=0.50036365

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2354.328/4929.476
=0.47760208

Maxis Bhd's asset turnover of this year was 0.50036365. Maxis Bhd's asset turnover of last year was 0.47760208. ==> 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+1+1+0+0+1+1
=7

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

Maxis 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?
Maxis Bhd (MAXSF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Maxis Bhd and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Maxis Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Maxis Bhd ranks #42 out of 359 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is Maxis Bhd's Piotroski F-Score too high?
Maxis 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 9.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Maxis Bhd's value of 7 is 16.7% above this industry median. Based on the distribution chart, Maxis Bhd ranks #42 out of 359 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Maxis Bhd has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Maxis Bhd's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Maxis Bhd ranks #42 out of 359 companies for Piotroski F-Score. This places Maxis Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Maxis Bhd's value of 7 is 16.7% above this benchmark. Historically, Maxis Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Maxis 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 359 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. Maxis 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 Maxis 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. Maxis 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 Maxis Bhd stock overvalued right now?
Maxis Bhd (MAXSF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $0.79, compared to a current price of $0.71 — trading 10.1% below 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. Maxis Bhd's overall GF Score™ is 81/100 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 Maxis Bhd (MAXSF), the current Piotroski F-Score is 7 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 Maxis Bhd (MAXSF) Overvalued in 2026?

Based on GuruFocus' analysis, Maxis Bhd stock appears to be undervalued. The current stock price of $0.71 is trading 10.1% below its estimated GF Value™ of $0.79.

Key valuation signals for MAXSF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $0.79 vs. price of $0.71 (10.1% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 16.7% above the Telecommunication Services median (#42 of 359)

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


Maxis Bhd Business Description

Other Exchanges 6012:Malaysia
Address Off Jalan Ampang, Level 5 - 9, 11, 15 - 25, Menara Maxis, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088
Maxis Bhd is a telecommunications provider. Its primary services include mobile, wireless, fixed, and enterprise services, with the majority of revenue generated from mobile and wireless. The company generates mobile revenue from prepaid and postpaid subscribers, with roughly an even split between both. Within enterprise services, Maxis provides traditional managed services in addition to mobile and fixed services. Additionally, the company owns fiber backhaul infrastructure.
81GF Score

Get the complete analysis for MAXSF

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

$0.71
Price
$0.79
GF Value