Privasia Technology Bhd (XKLS:0123) Piotroski F-Score: 6 (As of Jul. 05, 2026) — 20% Above Median


What is Privasia Technology Bhd Piotroski F-Score?

Privasia Technology Bhd XKLS:0123 -6.67% Piotroski F-Score is 6 as of Jul. 05, 2026, which is 20% above its 10-year median of 5.00. The stock has 5 warning signs investors should review. Among 2,742 Software companies, Privasia Technology Bhd ranks better than 78.74% 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

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

XKLS:0123' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Privasia Technology Bhd was 7. The lowest was 1. And the median was 5.

Privasia Technology Bhd  (XKLS:0123) 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.


Privasia Technology Bhd Piotroski F-Score Related Terms


Privasia Technology Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Privasia Technology 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.

Privasia Technology Bhd Piotroski F-Score Chart

Privasia Technology 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 7.00 5.00 4.00

Privasia Technology 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 4.00 4.00 4.00 4.00 6.00

XKLS:0123 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Privasia Technology 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.


Privasia Technology Bhd Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Privasia Technology Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Privasia Technology 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 0.4 + 1.228 + 3.497 + 0.672 = RM5.8 Mil.
Cash Flow from Operations was 6.521 + 9.252 + -13.329 + 1.757 = RM4.2 Mil.
Revenue was 41.432 + 55.726 + 96.635 + 28.311 = RM222.1 Mil.
Gross Profit was 4.273 + 6.341 + 9.294 + 5.042 = RM25.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(185.757 + 277.175 + 261.176 + 264.796 + 286.346) / 5 = RM255.05 Mil.
Total Assets at the begining of this year (Mar25) was RM185.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM27.0 Mil.
Total Current Assets was RM205.6 Mil.
Total Current Liabilities was RM182.1 Mil.
Net Income was 0.764 + 0.376 + 2.097 + 0.256 = RM3.5 Mil.

Revenue was 22.703 + 24.622 + 10.573 + 15.652 = RM73.6 Mil.
Gross Profit was 4.912 + 5.498 + 2.574 + 3.706 = RM16.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(122.373 + 138.96 + 174.077 + 181.864 + 185.757) / 5 = RM160.6062 Mil.
Total Assets at the begining of last year (Mar24) was RM122.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM23.0 Mil.
Total Current Assets was RM110.2 Mil.
Total Current Liabilities was RM91.3 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.

Privasia Technology Bhd's current Net Income (TTM) was 5.8. ==> 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.

Privasia Technology Bhd's current Cash Flow from Operations (TTM) was 4.2. ==> 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)
=5.797/185.757
=0.03120744

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3.493/122.373
=0.02854388

Privasia Technology Bhd's return on assets of this year was 0.03120744. Privasia Technology Bhd's return on assets of last year was 0.02854388. ==> 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.

Privasia Technology Bhd's current Net Income (TTM) was 5.8. Privasia Technology Bhd's current Cash Flow from Operations (TTM) was 4.2. ==> 4.2 <= 5.8 ==> 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
=27.047/255.05
=0.10604587

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.032/160.6062
=0.14340667

Privasia Technology Bhd's gearing of this year was 0.10604587. Privasia Technology Bhd's gearing of last year was 0.14340667. ==> 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
=205.55/182.085
=1.12886839

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=110.227/91.323
=1.20700152

Privasia Technology Bhd's current ratio of this year was 1.12886839. Privasia Technology Bhd's current ratio of last year was 1.20700152. ==> 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.

Privasia Technology Bhd's number of shares in issue this year was 675.422. Privasia Technology Bhd's number of shares in issue last year was 675.422. ==> 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
=24.95/222.104
=0.11233476

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16.69/73.55
=0.22692046

Privasia Technology Bhd's gross margin of this year was 0.11233476. Privasia Technology Bhd's gross margin of last year was 0.22692046. ==> 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)
=222.104/185.757
=1.19566961

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=73.55/122.373
=0.60103127

Privasia Technology Bhd's asset turnover of this year was 1.19566961. Privasia Technology Bhd's asset turnover of last year was 0.60103127. ==> 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+1+0+1
=6

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

Privasia Technology Bhd 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?
Privasia Technology Bhd (XKLS:0123) has a Piotroski F-Score of 6 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Privasia Technology Bhd and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Privasia Technology Bhd's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Privasia Technology Bhd ranks #583 out of 2742 companies in the Software industry, placing it in the top 21.3%.
Is Privasia Technology Bhd's Piotroski F-Score too high?
Privasia Technology Bhd's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Privasia Technology Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Privasia Technology Bhd ranks #583 out of 2742 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does Privasia Technology Bhd's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Privasia Technology Bhd ranks #583 out of 2742 companies for Piotroski F-Score. This places Privasia Technology Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Privasia Technology Bhd's value of 6 is 20% above this benchmark. Historically, Privasia Technology Bhd's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Privasia Technology 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Privasia Technology Bhd'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 Privasia Technology Bhd and its competitors. For the Software 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. Privasia Technology Bhd's current Piotroski F-Score is 6, which is 20% 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 Privasia Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Privasia Technology Bhd (XKLS:0123) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.07 — trading 69.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Software 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 Privasia Technology Bhd (XKLS:0123), the current Piotroski F-Score is 6 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.

Privasia Technology Bhd Business Description

Address No. 2, Jalan 19/1, Unit C-21-02, 3 Two Square, Petaling Jaya, SGR, MYS, 46300
Privasia Technology Bhd is an Information technology company. The company's operating segment includes Information Technology (IT), Information and Communications Technology (ICT), Satellite-based network services (SAT), and Investment holding. The Information technology segment comprises IT infrastructure outsourcing, consultancy and systems integration, and procurement management; ICT segment provides wireless broadband infrastructure, comprehensive mobile and wireless communications consultancy, and systems development for ICT; and The SAT segment provides a broad spectrum of satellite-based network solutions, such as, value-added broadband applications and satellite IP Virtual Private Network for the commercial sector and general public. Geographically, it operates only in Malaysia.