Eduspec Holdings Bhd (XKLS:0107) Piotroski F-Score: 5 (As of Aug. 30, 2026) — 67% Above Median

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XKLS:0107 Eduspec Holdings Bhd XKLS:0107
37 GF Score
Price RM0.11
GF Value RM0.14
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Eduspec Holdings Bhd Piotroski F-Score?

Eduspec Holdings Bhd XKLS:0107 -4.55% 37 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates XKLS:0107 with a GF Score™ of 37/100 and a GF Value™ of RM0.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 253 Education companies, Eduspec Holdings Bhd ranks better than 50.2% 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

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

XKLS:0107' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Eduspec Holdings Bhd was 8. The lowest was 1. And the median was 3.

Eduspec Holdings Bhd  (XKLS:0107) 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.


Eduspec Holdings Bhd Piotroski F-Score Related Terms


Eduspec Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Eduspec Holdings 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.

Eduspec Holdings Bhd Piotroski F-Score Chart

Eduspec Holdings Bhd Annual Data
Trend Sep15 Sep16 Sep17 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 8.00 4.00 4.00 4.00

Eduspec Holdings Bhd Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 3.00 4.00 4.00 5.00

XKLS:0107 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Eduspec Holdings 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.


Eduspec Holdings Bhd Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Eduspec Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0107
37GF Score
Eduspec Holdings Bhd XKLS:0107
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 (May26) TTM:Last Year (May25) TTM:
Net Income was -0.235 + 0.07 + -4.278 + -0.233 = RM-4.68 Mil.
Cash Flow from Operations was -2.039 + 0.712 + 0.871 + 2.66 = RM2.20 Mil.
Revenue was 12.733 + 13.589 + 14.094 + 14.876 = RM55.29 Mil.
Gross Profit was 3.144 + 2.893 + 2.591 + 2.724 = RM11.35 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(86.797 + 94.933 + 103.828 + 99.999 + 98.28) / 5 = RM96.7674 Mil.
Total Assets at the begining of this year (May25) was RM86.80 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.68 Mil.
Total Current Assets was RM64.03 Mil.
Total Current Liabilities was RM28.65 Mil.
Net Income was -8.527 + -0.873 + -20.827 + -0.511 = RM-30.74 Mil.

Revenue was 13.026 + 14.594 + 11.609 + 10.254 = RM49.48 Mil.
Gross Profit was 4.895 + 3.557 + 3.422 + 2.662 = RM14.54 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(105.037 + 91.808 + 102.264 + 90.157 + 86.797) / 5 = RM95.2126 Mil.
Total Assets at the begining of last year (May24) was RM105.04 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.31 Mil.
Total Current Assets was RM58.06 Mil.
Total Current Liabilities was RM32.01 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.

Eduspec Holdings Bhd's current Net Income (TTM) was -4.68. ==> 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.

Eduspec Holdings Bhd's current Cash Flow from Operations (TTM) was 2.20. ==> 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 (May25)
=-4.676/86.797
=-0.05387283

ROA (Last Year)=Net Income/Total Assets (May24)
=-30.738/105.037
=-0.29263974

Eduspec Holdings Bhd's return on assets of this year was -0.05387283. Eduspec Holdings Bhd's return on assets of last year was -0.29263974. ==> 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.

Eduspec Holdings Bhd's current Net Income (TTM) was -4.68. Eduspec Holdings Bhd's current Cash Flow from Operations (TTM) was 2.20. ==> 2.20 > -4.68 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=0.679/96.7674
=0.00701683

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0.31/95.2126
=0.00325587

Eduspec Holdings Bhd's gearing of this year was 0.00701683. Eduspec Holdings Bhd's gearing of last year was 0.00325587. ==> Last year is lower than this year ==> Score 0.

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: May26)=Total Current Assets/Total Current Liabilities
=64.03/28.649
=2.23498202

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=58.06/32.009
=1.81386485

Eduspec Holdings Bhd's current ratio of this year was 2.23498202. Eduspec Holdings Bhd's current ratio of last year was 1.81386485. ==> 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.

Eduspec Holdings Bhd's number of shares in issue this year was 2454.587. Eduspec Holdings Bhd's number of shares in issue last year was 1669.125. ==> 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
=11.352/55.292
=0.20530999

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.536/49.483
=0.29375745

Eduspec Holdings Bhd's gross margin of this year was 0.20530999. Eduspec Holdings Bhd's gross margin of last year was 0.29375745. ==> 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 (May25)
=55.292/86.797
=0.63702663

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=49.483/105.037
=0.47110066

Eduspec Holdings Bhd's asset turnover of this year was 0.63702663. Eduspec Holdings Bhd's asset turnover of last year was 0.47110066. ==> 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
=0+1+1+1+0+1+0+0+1
=5

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

Eduspec Holdings 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?
Eduspec Holdings Bhd (XKLS:0107) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eduspec Holdings Bhd and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Eduspec Holdings Bhd's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Eduspec Holdings Bhd ranks #126 out of 253 companies in the Education industry, placing it in the top 49.8%.
Is Eduspec Holdings Bhd's Piotroski F-Score too high?
Eduspec Holdings Bhd's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Eduspec Holdings Bhd's value of 5 is 0% at this industry median. Based on the distribution chart, Eduspec Holdings Bhd ranks #126 out of 253 companies in the Education industry, which is above the industry midpoint. Overall, Eduspec Holdings Bhd has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eduspec Holdings Bhd's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Eduspec Holdings Bhd ranks #126 out of 253 companies for Piotroski F-Score. This puts Eduspec Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Eduspec Holdings Bhd's value of 5 is 0% at this benchmark. Historically, Eduspec Holdings Bhd's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Eduspec Holdings 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 253 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. Eduspec Holdings 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 Eduspec Holdings Bhd and its competitors. For the Education 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. Eduspec Holdings Bhd's current Piotroski F-Score is 5, which is 67% 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 Eduspec Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Eduspec Holdings Bhd (XKLS:0107) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.11 — trading 25% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Education industry median of 5.00. Eduspec Holdings Bhd's overall GF Score™ is 37/100 with 4 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 Eduspec Holdings Bhd (XKLS:0107), the current Piotroski F-Score is 5 as of Aug. 30, 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 Eduspec Holdings Bhd (XKLS:0107) Overvalued in 2026?

Based on GuruFocus' analysis, Eduspec Holdings Bhd stock appears to be undervalued. The current stock price of RM0.11 is trading 25% below its estimated GF Value™ of RM0.14. GuruFocus considers Eduspec Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0107:

  • Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
  • GF Value™: RM0.14 vs. price of RM0.11 (25% below fair value)
  • GF Score™: 37/100 with 4 warning signs
  • Industry Position: 0% at the Education median (#126 of 253)

No single metric tells the full story. See the XKLS:0107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eduspec Holdings Bhd Business Description

Address No. 10, Jalan 15/22, Tiong Nam Industrial Park, Section 15, Shah Alam, SGR, MYS, 40200
Eduspec Holdings Bhd is predominantly engaged in the education sector providing STEM programs, and digital schooling solutions, It is also engaged in the B2C education business, and provides professional testing services for Electrical and Electronics (E&E) industry requirements. The company's business segments are; IT Learning, Electrical and Electronics, Investment holding, Property investment.. It derives maximum revenue from the IT Learning segment.
37GF Score

Get the complete analysis for XKLS:0107

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

RM0.11
Price
RM0.14
GF Value