EA Holdings Bhd (XKLS:0154) Piotroski F-Score: 6 (As of Jul. 08, 2026) — 50% Above Median


What is EA Holdings Bhd Piotroski F-Score?

EA Holdings Bhd XKLS:0154 Piotroski F-Score is 6 as of Jul. 08, 2026, which is 50% above its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 557 Conglomerates companies, EA Holdings Bhd ranks better than 71.81% 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

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

XKLS:0154' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 6

During the past 11 years, the highest Piotroski F-Score of EA Holdings Bhd was 7. The lowest was 2. And the median was 4.

EA Holdings Bhd  (XKLS:0154) 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.


EA Holdings Bhd Piotroski F-Score Related Terms


EA Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for EA 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.

EA Holdings Bhd Piotroski F-Score Chart

EA Holdings Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Sep21 Sep22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 4.00 3.00 6.00

EA Holdings Bhd Quarterly Data
Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Oct24 Jan25 Apr25 Jul25 Oct25 Feb26
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 5.00 5.00 6.00 6.00 6.00

XKLS:0154 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, EA 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.


EA Holdings Bhd Piotroski F-Score vs Conglomerates Industry

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

* The bar in red indicates where EA Holdings 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 (Feb26) TTM:Last Year (Jan25) TTM:
Net Income was 1.093 + 2.318 + 1.799 + 0.699 = RM5.91 Mil.
Cash Flow from Operations was -0.478 + -3.315 + -6.201 + -4.421 = RM-14.42 Mil.
Revenue was 13.708 + 12.946 + 14.126 + 24.326 = RM65.11 Mil.
Gross Profit was 5.434 + 6.693 + 4.885 + 5.153 = RM22.17 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Feb26) was
(91.283 + 90.913 + 93.472 + 95.074 + 105.618) / 5 = RM95.272 Mil.
Total Assets at the begining of this year (Jan25) was RM91.28 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.76 Mil.
Total Current Assets was RM66.17 Mil.
Total Current Liabilities was RM16.83 Mil.
Net Income was -0.071 + -8.868 + 0.659 + 1.331 = RM-6.95 Mil.

Revenue was 9.698 + 6.573 + 16.188 + 13.254 = RM45.71 Mil.
Gross Profit was 3.086 + -4.369 + 4.687 + 5.044 = RM8.45 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Jan25) was
(105.283 + 106.102 + 90.572 + 94.123 + 91.283) / 5 = RM97.4726 Mil.
Total Assets at the begining of last year (Sep23) was RM105.28 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.01 Mil.
Total Current Assets was RM51.14 Mil.
Total Current Liabilities was RM5.51 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.

EA Holdings Bhd's current Net Income (TTM) was 5.91. ==> 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.

EA Holdings Bhd's current Cash Flow from Operations (TTM) was -14.42. ==> 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 (Jan25)
=5.909/91.283
=0.06473275

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-6.949/105.283
=-0.06600306

EA Holdings Bhd's return on assets of this year was 0.06473275. EA Holdings Bhd's return on assets of last year was -0.06600306. ==> 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.

EA Holdings Bhd's current Net Income (TTM) was 5.91. EA Holdings Bhd's current Cash Flow from Operations (TTM) was -14.42. ==> -14.42 <= 5.91 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Feb26
=0.762/95.272
=0.00799815

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Jan25
=1.013/97.4726
=0.01039266

EA Holdings Bhd's gearing of this year was 0.00799815. EA Holdings Bhd's gearing of last year was 0.01039266. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=66.174/16.832
=3.93144011

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=51.142/5.506
=9.28841264

EA Holdings Bhd's current ratio of this year was 3.93144011. EA Holdings Bhd's current ratio of last year was 9.28841264. ==> 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.

EA Holdings Bhd's number of shares in issue this year was 6451.763. EA Holdings Bhd's number of shares in issue last year was 6451.763. ==> 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
=22.165/65.106
=0.34044481

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.448/45.713
=0.1848052

EA Holdings Bhd's gross margin of this year was 0.34044481. EA Holdings Bhd's gross margin of last year was 0.1848052. ==> 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 (Jan25)
=65.106/91.283
=0.71323247

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=45.713/105.283
=0.43419165

EA Holdings Bhd's asset turnover of this year was 0.71323247. EA Holdings Bhd's asset turnover of last year was 0.43419165. ==> 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+0+1+0+1+0+1+1+1
=6

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

EA Holdings 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?
EA Holdings Bhd (XKLS:0154) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on EA Holdings Bhd and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, EA Holdings Bhd's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, EA Holdings Bhd ranks #157 out of 557 companies in the Conglomerates industry, placing it in the top 28.2%.
Is EA Holdings Bhd's Piotroski F-Score too high?
EA Holdings Bhd's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. EA Holdings Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, EA Holdings Bhd ranks #157 out of 557 companies in the Conglomerates industry, which is above the industry midpoint.
How does EA Holdings Bhd's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, EA Holdings Bhd ranks #157 out of 557 companies for Piotroski F-Score. This puts EA Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. EA Holdings Bhd's value of 6 is 20% above this benchmark. Historically, EA Holdings Bhd's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, EA Holdings 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 557 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. EA Holdings 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 EA Holdings 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. EA Holdings Bhd's current Piotroski F-Score is 6, which is 50% above 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 EA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, EA Holdings Bhd (XKLS:0154) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.01, compared to a current price of RM0.01 — trading 50% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above 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 EA Holdings Bhd (XKLS:0154), the current Piotroski F-Score is 6 as of Jul. 08, 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.

EA Holdings Bhd Business Description

Address 685, Jalan Damansara, Unit 25-5, Level 25, Oval Damansara, Kuala Lumpur, MYS, 60000
EA Holdings Bhd is principally engaged in investment holding, management, and consultancy services. The company's business segments are: i) ICT services: It is engaged in the provision of E-business software applications, business intelligence software, and development, IT service management consultancy, and system integration. ii) RFID system: It is engaged in Hardware system integration, mechanical and engineering services, and access control systems, iii) F&B distribution: It is engaged in the Sales and distribution of food and beverage products, and iv) Investment holding: Investment in subsidiaries. The company generates the majority of its revenue from the F&B distribution segment. All segments of the company operate in Malaysia.