Volcano BhdXKLS:0232 +5.17%55 Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. GuruFocus rates XKLS:0232 with a GF Score™ of 55/100 and a GF Value™ of RM0.77 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 2,979 Industrial Products companies, Volcano Bhd ranks worse than 65.16% 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
Volcano 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 Volcano Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:0232'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 4
During the past 7 years, the highest Piotroski F-Score of Volcano Bhd was 6. The lowest was 2. And the median was 4.
Volcano Bhd (XKLS:0232) 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.
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.
Volcano Bhd Piotroski F-Score Related Terms
Volcano Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Volcano 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.
XKLS:0232 vs ATI, CRS, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, Volcano 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.
Volcano Bhd Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Volcano Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Volcano Bhd's Piotroski F-Score falls into.
* 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.
*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.
Volcano Bhd's current Net Income (TTM) was -1.46.
==> 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.
Volcano Bhd's return on assets of this year was -0.00964922. Volcano Bhd's return on assets of last year was 0.0367791.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Volcano Bhd's gearing of this year was 0.19855648. Volcano Bhd's gearing of last year was 0.23015687.
==> 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
Volcano Bhd's current ratio of this year was 4.940041. Volcano Bhd's current ratio of last year was 4.9463207.
==> 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.
Volcano Bhd's number of shares in issue this year was 181.63. Volcano Bhd's number of shares in issue last year was 181.63.
==> 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.
Volcano Bhd's gross margin of this year was 0.20676889. Volcano Bhd's gross margin of last year was 0.29874801.
==> 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
Volcano Bhd's asset turnover of this year was 0.60557922. Volcano Bhd's asset turnover of last year was 0.68520077.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Volcano Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Volcano Bhd (XKLS:0232) 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 Volcano Bhd and its competitors. This is near median its historical median of 4.00. Over the past decade, Volcano Bhd's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Volcano Bhd ranks #1941 out of 2979 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Volcano Bhd's Piotroski F-Score too high?
Volcano 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 2.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Volcano Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Volcano Bhd ranks #1941 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Volcano Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volcano Bhd's Piotroski F-Score compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Volcano Bhd ranks #1941 out of 2979 companies for Piotroski F-Score. This places Volcano Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Volcano Bhd's value of 4 is 20% below this benchmark. Historically, Volcano Bhd's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Volcano 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Volcano 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 Volcano Bhd and its competitors. For the Industrial Products 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. Volcano 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 Volcano Bhd stock overvalued right now?
Based on GuruFocus' analysis, Volcano Bhd (XKLS:0232) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.77, compared to a current price of RM0.31 — trading 60.4% below 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 Industrial Products industry median of 5.00. Volcano Bhd's overall GF Score™ is 55/100 with 7 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 Volcano Bhd (XKLS:0232), 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.
Is Volcano Bhd (XKLS:0232) Overvalued in 2026?
Based on GuruFocus' analysis, Volcano Bhd stock appears to be undervalued.
The current stock price of RM0.31 is trading 60.4% below its estimated GF Value™ of RM0.77.
GuruFocus considers Volcano Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0232:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: RM0.77 vs. price of RM0.31 (60.4% below fair value)
Industry Position: 20% below the Industrial Products median (#1941 of 2979)
No single metric tells the full story. See the XKLS:0232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Volcano Bhd is a manufacturer of parts and components. It manufactures metal and non-metal nameplates, plastic injection moulded parts, die-cut parts, electrical and electronics components, and automotive components. The company's reportable segments are Nameplate and Plastic Injection. The majority of its revenue is derived from the Nameplate segment. Its manufacturing facilities are located in Malaysia and Thailand to serve customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace, and label industries. Geographically, the company derives key revenue from Thailand and the rest from Malaysia, Singapore, Indonesia, China, the United States of America, and other countries.
55GF Score
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