HHRG Bhd (XKLS:0175) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 20% Below Median


What is HHRG Bhd Piotroski F-Score?

HHRG Bhd XKLS:0175 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, HHRG Bhd ranks worse than 66.93% 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

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

XKLS:0175' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 4

During the past 11 years, the highest Piotroski F-Score of HHRG Bhd was 8. The lowest was 2. And the median was 5.

HHRG Bhd  (XKLS:0175) 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.


HHRG Bhd Piotroski F-Score Related Terms


HHRG Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for HHRG 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.

HHRG Bhd Piotroski F-Score Chart

HHRG Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A 5.00 4.00 5.00

HHRG 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 5.00 5.00 6.00 5.00 4.00

XKLS:0175 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, HHRG 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.


HHRG Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HHRG Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where HHRG 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 1.726 + 0.09 + 2.548 + -11.654 = RM-7.29 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = RM0.00 Mil.
Revenue was 30.401 + 28.584 + 27.069 + -6.677 = RM79.38 Mil.
Gross Profit was 8.314 + 11.346 + 9.314 + -5.406 = RM23.57 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(302.449 + 308.328 + 0 + 322.807 + 321.178) / 5 = RM313.6905 Mil.
Total Assets at the begining of this year (Mar25) was RM302.45 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.84 Mil.
Total Current Assets was RM106.70 Mil.
Total Current Liabilities was RM29.44 Mil.
Net Income was 5.976 + 2.086 + 2.66 + -2.15 = RM8.57 Mil.

Revenue was 31.033 + 31.499 + 32.979 + 27.842 = RM123.35 Mil.
Gross Profit was 8.561 + 8.818 + 9.684 + 5.799 = RM32.86 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(267.387 + 304.276 + 305.162 + 304.201 + 302.449) / 5 = RM296.695 Mil.
Total Assets at the begining of last year (Mar24) was RM267.39 Mil.
Long-Term Debt & Capital Lease Obligation was RM17.21 Mil.
Total Current Assets was RM95.94 Mil.
Total Current Liabilities was RM51.88 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.

HHRG Bhd's current Net Income (TTM) was -7.29. ==> 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.

HHRG 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 (Mar25)
=-7.29/302.449
=-0.02410324

ROA (Last Year)=Net Income/Total Assets (Mar24)
=8.572/267.387
=0.0320584

HHRG Bhd's return on assets of this year was -0.02410324. HHRG Bhd's return on assets of last year was 0.0320584. ==> 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.

HHRG Bhd's current Net Income (TTM) was -7.29. HHRG Bhd's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -7.29 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=10.839/313.6905
=0.03455317

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=17.205/296.695
=0.05798884

HHRG Bhd's gearing of this year was 0.03455317. HHRG Bhd's gearing of last year was 0.05798884. ==> 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
=106.696/29.437
=3.62455413

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=95.94/51.877
=1.84937448

HHRG Bhd's current ratio of this year was 3.62455413. HHRG Bhd's current ratio of last year was 1.84937448. ==> 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.

HHRG Bhd's number of shares in issue this year was 1460.83. HHRG Bhd's number of shares in issue last year was 976.772. ==> 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
=23.568/79.377
=0.2969122

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32.862/123.353
=0.26640617

HHRG Bhd's gross margin of this year was 0.2969122. HHRG Bhd's gross margin of last year was 0.26640617. ==> 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)
=79.377/302.449
=0.26244755

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=123.353/267.387
=0.46132759

HHRG Bhd's asset turnover of this year was 0.26244755. HHRG Bhd's asset turnover of last year was 0.46132759. ==> 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
=0+0+0+1+1+1+0+1+0
=4

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

HHRG 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?
HHRG Bhd (XKLS:0175) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HHRG Bhd and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, HHRG Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, HHRG Bhd ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is HHRG Bhd's Piotroski F-Score too high?
HHRG Bhd's current Piotroski F-Score of 4 is 20% 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. HHRG Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, HHRG Bhd ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint.
How does HHRG Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, HHRG Bhd ranks #1279 out of 1911 companies for Piotroski F-Score. This places HHRG Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. HHRG Bhd's value of 4 is 20% below this benchmark. Historically, HHRG 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 5.00, HHRG 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. HHRG 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 HHRG Bhd and its competitors. For the Consumer Packaged Goods 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. HHRG Bhd's current Piotroski F-Score is 4, which is 20% 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 HHRG Bhd stock overvalued right now?
Based on GuruFocus' analysis, HHRG Bhd (XKLS:0175) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.08, compared to a current price of RM0.09 — trading 12.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods 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 HHRG Bhd (XKLS:0175), the current Piotroski F-Score is 4 as of Jun. 26, 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.

HHRG Bhd Business Description

Address No. 1, Jalan Pengaturcara U1/51A, 3B-06-01, Level 6, Tower 3B, UOA Business Park, Shah Alam, SGR, MYS, 40150
HHRG Bhd and its subsidiaries are in the business of manufacturing and trading biomass materials, mattresses, and other related products. The company has four segments: the Biomass materials and related products segment involved in the manufacturing and trading of coconut fiber and oil palm empty fruit bunch fiber and other products; the Furniture products which manufacture and trade mattresses and related products; Money lending services which involves licensed money lending activities; and Investment holdings and others. The company earns maximum revenue from Biomass materials.