Key Asic Bhd (XKLS:0143) Piotroski F-Score: 4 (As of Aug. 17, 2026) — Near Median

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What is Key Asic Bhd Piotroski F-Score?

Key Asic Bhd XKLS:0143 -6.25% Piotroski F-Score is 4 as of Aug. 17, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 980 Semiconductors companies, Key Asic Bhd ranks worse than 59.59% 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 Asic 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 Asic Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0143' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Key Asic Bhd was 7. The lowest was 1. And the median was 4.

Key Asic Bhd  (XKLS:0143) 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 Asic Bhd Piotroski F-Score Related Terms


Key Asic Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Key Asic 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 Asic Bhd Piotroski F-Score Chart

Key Asic Bhd Annual Data
Trend Dec15 May18 May19 May20 May21 May22 May23 May24 May25 May26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 3.00 3.00 4.00

Key Asic 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 4.00 5.00 6.00 4.00

XKLS:0143 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, Key Asic 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 Asic Bhd Piotroski F-Score vs Semiconductors Industry

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

* The bar in red indicates where Key Asic 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 (May26) TTM:Last Year (May25) TTM:
Net Income was -0.324 + -1.957 + -1.008 + -1.525 = RM-4.81 Mil.
Cash Flow from Operations was 2.321 + -2.971 + 2.574 + -1.926 = RM-0.00 Mil.
Revenue was 6.039 + 2.933 + 5.602 + 5.643 = RM20.22 Mil.
Gross Profit was 2.094 + 0.941 + 1.382 + 1.34 = RM5.76 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(26.206 + 27.802 + 25.633 + 27.649 + 24.268) / 5 = RM26.3116 Mil.
Total Assets at the begining of this year (May25) was RM26.21 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Total Current Assets was RM11.36 Mil.
Total Current Liabilities was RM11.54 Mil.
Net Income was -1.28 + -3.264 + -1.678 + -0.187 = RM-6.41 Mil.

Revenue was 3.781 + 2.096 + 3.757 + 4.803 = RM14.44 Mil.
Gross Profit was 1.091 + 0.295 + 1.444 + 1.933 = RM4.76 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(33.875 + 31.918 + 28.567 + 27.671 + 26.206) / 5 = RM29.6474 Mil.
Total Assets at the begining of last year (May24) was RM33.88 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.14 Mil.
Total Current Assets was RM12.77 Mil.
Total Current Liabilities was RM8.25 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 Asic Bhd's current Net Income (TTM) was -4.81. ==> 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 Asic Bhd's current Cash Flow from Operations (TTM) was -0.00. ==> Negative ==> Score 0.

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)
=-4.814/26.206
=-0.18369839

ROA (Last Year)=Net Income/Total Assets (May24)
=-6.409/33.875
=-0.18919557

Key Asic Bhd's return on assets of this year was -0.18369839. Key Asic Bhd's return on assets of last year was -0.18919557. ==> 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.

Key Asic Bhd's current Net Income (TTM) was -4.81. Key Asic Bhd's current Cash Flow from Operations (TTM) was -0.00. ==> -0.00 > -4.81 ==> 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
=0/26.3116
=0

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0.142/29.6474
=0.00478963

Key Asic Bhd's gearing of this year was 0. Key Asic Bhd's gearing of last year was 0.00478963. ==> 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: May26)=Total Current Assets/Total Current Liabilities
=11.356/11.536
=0.98439667

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=12.766/8.251
=1.5472064

Key Asic Bhd's current ratio of this year was 0.98439667. Key Asic Bhd's current ratio of last year was 1.5472064. ==> 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 Asic Bhd's number of shares in issue this year was 1402.962. Key Asic Bhd's number of shares in issue last year was 1399.862. ==> 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
=5.757/20.217
=0.28476035

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.763/14.437
=0.32991619

Key Asic Bhd's gross margin of this year was 0.28476035. Key Asic Bhd's gross margin of last year was 0.32991619. ==> 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)
=20.217/26.206
=0.77146455

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=14.437/33.875
=0.4261845

Key Asic Bhd's asset turnover of this year was 0.77146455. Key Asic Bhd's asset turnover of last year was 0.4261845. ==> 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+0+1+1+1+0+0+0+1
=4

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

Key Asic 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 Asic Bhd (XKLS:0143) has a Piotroski F-Score of 4 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Key Asic Bhd and its competitors. This is near median its historical median of 4.00. Over the past decade, Key Asic Bhd's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Key Asic Bhd ranks #584 out of 980 companies in the Semiconductors industry, placing it in the top 59.6%.
Is Key Asic Bhd's Piotroski F-Score too high?
Key Asic Bhd's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Key Asic Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Key Asic Bhd ranks #584 out of 980 companies in the Semiconductors industry, which is below the industry midpoint.
How does Key Asic Bhd's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Key Asic Bhd ranks #584 out of 980 companies for Piotroski F-Score. This places Key Asic Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Key Asic Bhd's value of 4 is 20% below this benchmark. Historically, Key Asic 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 4.00 vs. the industry median of 5.00, Key Asic 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 980 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 Asic 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 Asic Bhd and its competitors. For the Semiconductors 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 Asic Bhd's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Key Asic Bhd stock overvalued right now?
Based on GuruFocus' analysis, Key Asic Bhd (XKLS:0143) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.08 — trading 87.5% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Semiconductors 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 Asic Bhd (XKLS:0143), the current Piotroski F-Score is 4 as of Aug. 17, 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 Asic Bhd Business Description

Address 8, First Avenue, 6th Floor, Unit 3, Bandar Utama, Petaling Jaya, SGR, MYS, 47800
Key Asic Bhd engages in turnkey application-specific integrated circuit design services for consumer, wireless, and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure and intelligent storage networking support. The company operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments.