Key Alliance Group Bhd (XKLS:0036) Piotroski F-Score: 4 (As of Jul. 05, 2026) — 33% Above Median


What is Key Alliance Group Bhd Piotroski F-Score?

Key Alliance Group Bhd XKLS:0036 Piotroski F-Score is 4 as of Jul. 05, 2026, which is 33% above its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 555 Conglomerates companies, Key Alliance Group Bhd ranks worse than 71.53% 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

Key Alliance Group Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

XKLS:0036' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Key Alliance Group Bhd was 5. The lowest was 2. And the median was 3.

Key Alliance Group Bhd  (XKLS:0036) 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.


Key Alliance Group Bhd Piotroski F-Score Related Terms


Key Alliance Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Key Alliance 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.

Key Alliance Group Bhd Piotroski F-Score Chart

Key Alliance Group Bhd Annual Data
Trend Dec15 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 2.00 3.00 4.00

Key Alliance 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 3.00 5.00 5.00 5.00 4.00

XKLS:0036 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Key Alliance 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.


Key Alliance Group Bhd Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Key Alliance Group Bhd's Piotroski F-Score distribution charts can be found below:

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


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 0 + 1.492 + -1.835 + -7.724 = RM-8.07 Mil.
Cash Flow from Operations was 95.99 + -0.224 + -0.219 + -5.391 = RM90.16 Mil.
Revenue was 1.948 + 0.981 + 1.324 + 1.86 = RM6.11 Mil.
Gross Profit was 1.948 + 0.981 + 1.324 + 1.86 = RM6.11 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(110.343 + 100.836 + 99.798 + 97.228 + 84.492) / 5 = RM98.5394 Mil.
Total Assets at the begining of this year (Mar25) was RM110.34 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.19 Mil.
Total Current Assets was RM9.51 Mil.
Total Current Liabilities was RM19.28 Mil.
Net Income was 0 + -0.664 + -2.113 + 0.043 = RM-2.73 Mil.

Revenue was 2.288 + 2.946 + 2.525 + 2.162 = RM9.92 Mil.
Gross Profit was 2.288 + 2.946 + 2.525 + 2.162 = RM9.92 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(141.357 + 125.216 + 119.919 + 113.459 + 110.343) / 5 = RM122.0588 Mil.
Total Assets at the begining of last year (Mar24) was RM141.36 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.53 Mil.
Total Current Assets was RM12.64 Mil.
Total Current Liabilities was RM25.20 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.

Key Alliance Group Bhd's current Net Income (TTM) was -8.07. ==> Negative ==> Score 0.

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.

Key Alliance Group Bhd's current Cash Flow from Operations (TTM) was 90.16. ==> 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)
=-8.067/110.343
=-0.0731084

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2.734/141.357
=-0.0193411

Key Alliance Group Bhd's return on assets of this year was -0.0731084. Key Alliance Group Bhd's return on assets of last year was -0.0193411. ==> 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.

Key Alliance Group Bhd's current Net Income (TTM) was -8.07. Key Alliance Group Bhd's current Cash Flow from Operations (TTM) was 90.16. ==> 90.16 > -8.07 ==> 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
=1.191/98.5394
=0.01208654

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.533/122.0588
=0.01255952

Key Alliance Group Bhd's gearing of this year was 0.01208654. Key Alliance Group Bhd's gearing of last year was 0.01255952. ==> 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
=9.51/19.28
=0.49325726

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12.638/25.204
=0.50142834

Key Alliance Group Bhd's current ratio of this year was 0.49325726. Key Alliance Group Bhd's current ratio of last year was 0.50142834. ==> 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.

Key Alliance Group Bhd's number of shares in issue this year was 122.602. Key Alliance Group Bhd's number of shares in issue last year was 122.602. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=6.113/6.113
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.921/9.921
=1

Key Alliance Group Bhd's gross margin of this year was 1. Key Alliance Group 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)
=6.113/110.343
=0.05539998

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.921/141.357
=0.070184

Key Alliance Group Bhd's asset turnover of this year was 0.05539998. Key Alliance Group Bhd's asset turnover of last year was 0.070184. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Key Alliance Group Bhd has an F-score of 4 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 4 mean?
Key Alliance Group Bhd (XKLS:0036) has a Piotroski F-Score of 4 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Key Alliance Group Bhd and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Key Alliance Group Bhd's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Key Alliance Group Bhd ranks #397 out of 555 companies in the Conglomerates industry, placing it in the top 71.5%.
Is Key Alliance Group Bhd's Piotroski F-Score too high?
Key Alliance Group Bhd's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Conglomerates industry median Piotroski F-Score is 5.00. Key Alliance Group Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Key Alliance Group Bhd ranks #397 out of 555 companies in the Conglomerates industry, which is below the industry midpoint.
How does Key Alliance Group Bhd's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Key Alliance Group Bhd ranks #397 out of 555 companies for Piotroski F-Score. This places Key Alliance Group Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Key Alliance Group Bhd's value of 4 is 20% below this benchmark. Historically, Key Alliance Group Bhd's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Key Alliance Group Bhd has consistently been below 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Key Alliance Group Bhd's current Piotroski F-Score of 4 is 20% below 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 Key Alliance Group Bhd and its competitors. For the Conglomerates 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. Key Alliance Group Bhd's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Alliance Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Key Alliance Group Bhd (XKLS:0036) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.06, compared to a current price of RM0.07 — trading 16.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Conglomerates industry median of 5.00. 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 Key Alliance Group Bhd (XKLS:0036), the current Piotroski F-Score is 4 as of Jul. 05, 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.

Key Alliance Group Bhd Business Description

Address No. 8 Persiaran Tropicana, Lot 18.2, 18th Floor, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410
Key Alliance Group Bhd is an investment holding company. The company's operating segment includes Data center and cloud services, Trading, Construction, and renovation others. It derives the majority of its revenue from the Construction segment which is engaged in building constructions and provision of renovation works. Geographically, it operates only in Malaysia.