OCK Group Bhd (XKLS:0172) Piotroski F-Score: 3 (As of Aug. 12, 2026) — 40% Below Median

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XKLS:0172 OCK Group Bhd XKLS:0172
39 GF Score
Price RM0.40
GF Value RM0.47
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is OCK Group Bhd Piotroski F-Score?

OCK Group Bhd XKLS:0172 +2.60% 39 Piotroski F-Score is 3 as of Aug. 12, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates XKLS:0172 with a GF Score™ of 39/100 and a GF Value™ of RM0.47 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 353 Telecommunication Services companies, OCK Group Bhd ranks worse than 86.69% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

OCK Group Bhd has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

XKLS:0172' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of OCK Group Bhd was 8. The lowest was 2. And the median was 5.

OCK Group Bhd  (XKLS:0172) 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.


OCK Group Bhd Piotroski F-Score Related Terms


OCK Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OCK 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.

OCK Group Bhd Piotroski F-Score Chart

OCK Group Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 8.00 6.00 4.00

OCK 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 4.00 4.00 6.00 6.00 3.00

XKLS:0172 vs VZ, TMUS, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, OCK 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.


OCK Group Bhd Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, OCK Group Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0172
39GF Score
OCK Group Bhd XKLS:0172
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 4 + 6.047 + 10.065 + -4.862 = RM15.3 Mil.
Cash Flow from Operations was 0 + 29.651 + 16.346 + -47.897 = RM-1.9 Mil.
Revenue was 184.426 + 157.499 + 167.625 + -150.387 = RM359.2 Mil.
Gross Profit was 40.757 + 40.995 + 47.735 + -37.96 = RM91.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1888.927 + 0 + 1886.5 + 1989.132 + 2109.018) / 5 = RM1968.39425 Mil.
Total Assets at the begining of this year (Mar25) was RM1,888.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM770.4 Mil.
Total Current Assets was RM806.5 Mil.
Total Current Liabilities was RM594.2 Mil.
Net Income was 7.617 + 7.122 + 8.02 + 5.5 = RM28.3 Mil.

Revenue was 158.416 + 160.212 + 165.812 + 135.714 = RM620.2 Mil.
Gross Profit was 39.316 + 36.559 + 41.218 + 34.547 = RM151.6 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1832.497 + 1828.479 + 1730.231 + 1818.185 + 1888.927) / 5 = RM1819.6638 Mil.
Total Assets at the begining of last year (Mar24) was RM1,832.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM695.7 Mil.
Total Current Assets was RM634.7 Mil.
Total Current Liabilities was RM371.0 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.

OCK Group Bhd's current Net Income (TTM) was 15.3. ==> 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.

OCK Group Bhd's current Cash Flow from Operations (TTM) was -1.9. ==> 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 (Mar25)
=15.25/1888.927
=0.00807337

ROA (Last Year)=Net Income/Total Assets (Mar24)
=28.259/1832.497
=0.01542103

OCK Group Bhd's return on assets of this year was 0.00807337. OCK Group Bhd's return on assets of last year was 0.01542103. ==> 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.

OCK Group Bhd's current Net Income (TTM) was 15.3. OCK Group Bhd's current Cash Flow from Operations (TTM) was -1.9. ==> -1.9 <= 15.3 ==> 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
=770.424/1968.39425
=0.3913972

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=695.733/1819.6638
=0.38234151

OCK Group Bhd's gearing of this year was 0.3913972. OCK Group Bhd's gearing of last year was 0.38234151. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=806.468/594.201
=1.35723097

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=634.674/370.976
=1.71082226

OCK Group Bhd's current ratio of this year was 1.35723097. OCK Group Bhd's current ratio of last year was 1.71082226. ==> 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.

OCK Group Bhd's number of shares in issue this year was 1029.011. OCK Group Bhd's number of shares in issue last year was 1065.993. ==> 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
=91.527/359.163
=0.25483416

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=151.64/620.154
=0.24451991

OCK Group Bhd's gross margin of this year was 0.25483416. OCK Group Bhd's gross margin of last year was 0.24451991. ==> 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 (Mar25)
=359.163/1888.927
=0.19014128

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=620.154/1832.497
=0.3384202

OCK Group Bhd's asset turnover of this year was 0.19014128. OCK Group Bhd's asset turnover of last year was 0.3384202. ==> 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
=1+0+0+0+0+0+1+1+0
=3

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

OCK Group Bhd has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
OCK Group Bhd (XKLS:0172) has a Piotroski F-Score of 3 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OCK Group Bhd and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, OCK Group Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, OCK Group Bhd ranks #306 out of 353 companies in the Telecommunication Services industry, placing it in the top 86.7%.
Is OCK Group Bhd's Piotroski F-Score too high?
OCK Group Bhd's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. OCK Group Bhd's value of 3 is 50% below this industry median. Based on the distribution chart, OCK Group Bhd ranks #306 out of 353 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, OCK Group Bhd has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OCK Group Bhd's Piotroski F-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, OCK Group Bhd ranks #306 out of 353 companies for Piotroski F-Score. This places OCK Group Bhd in the lower half of its industry. The industry median Piotroski F-Score is 6.00. OCK Group Bhd's value of 3 is 50% below this benchmark. Historically, OCK Group Bhd's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, OCK 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. OCK Group Bhd's current Piotroski F-Score of 3 is 50% 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 OCK Group Bhd and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OCK Group Bhd's current Piotroski F-Score is 3, which is 40% below 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 OCK Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, OCK Group Bhd (XKLS:0172) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.47, compared to a current price of RM0.40 — trading 16% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Telecommunication Services industry median of 6.00. OCK Group Bhd's overall GF Score™ is 39/100 with 9 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 OCK Group Bhd (XKLS:0172), the current Piotroski F-Score is 3 as of Aug. 12, 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 OCK Group Bhd (XKLS:0172) Overvalued in 2026?

Based on GuruFocus' analysis, OCK Group Bhd stock appears to be undervalued. The current stock price of RM0.40 is trading 16% below its estimated GF Value™ of RM0.47. GuruFocus considers OCK Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:0172:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: RM0.47 vs. price of RM0.40 (16% below fair value)
  • GF Score™: 39/100 with 9 warning signs
  • Industry Position: 50% below the Telecommunication Services median (#306 of 353)

No single metric tells the full story. See the XKLS:0172 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OCK Group Bhd Business Description

Address No. 18, Jalan Jurunilai U1/20, Seksyen U1, Hicom Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150
OCK Group Bhd is an investment holding company. Its subsidiaries are involved in providing turnkey telecommunications network services, renewable energy and power solutions, tower facilities, utilities, and communication networks for mobile and broadband operators, as well as the supply and commissioning of drone-related equipment and services. The company operates through five segments: Telecommunication Network Services, Green Energy Solutions, Power Solutions, Trading, and Investment Holding. The majority of its revenue is derived from the Telecommunication Network Services segment. the company operates in Malaysia, China, Myanmar, Indonesia, Singapore, and Vietnam, with the majority of its revenue coming from Malaysia.
39GF Score

Get the complete analysis for XKLS:0172

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

RM0.40
Price
RM0.47
GF Value