Unitrade Industries Bhd (XKLS:0247) Piotroski F-Score: 8 (As of Jul. 14, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:0247 Unitrade Industries Bhd XKLS:0247
48 GF Score
Price RM0.24
GF Value RM0.26
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Unitrade Industries Bhd Piotroski F-Score?

Unitrade Industries Bhd XKLS:0247 +2.13% 48 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XKLS:0247 with a GF Score™ of 48/100 and a GF Value™ of RM0.26 (Fairly Valued). The stock has 8 warning signs investors should review. Among 151 Industrial Distribution companies, Unitrade Industries Bhd ranks better than 96.03% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Unitrade Industries Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:0247' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Unitrade Industries Bhd was 8. The lowest was 4. And the median was 6.

Unitrade Industries Bhd  (XKLS:0247) 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.


Unitrade Industries Bhd Piotroski F-Score Related Terms


Unitrade Industries Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Unitrade Industries 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.

Unitrade Industries Bhd Piotroski F-Score Chart

Unitrade Industries Bhd Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 4.00 4.00 8.00

Unitrade Industries Bhd Quarterly Data
Mar20 Mar21 Nov21 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 3.00 6.00 7.00 8.00

XKLS:0247 vs GWW, FAST, FERG: Piotroski F-Score Comparison

For the Industrial Distribution subindustry, Unitrade Industries 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.


Unitrade Industries Bhd Piotroski F-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Unitrade Industries Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0247
48GF Score
Unitrade Industries Bhd XKLS:0247
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 6.446 + 5.191 + 6.228 + 1.803 = RM20 Mil.
Cash Flow from Operations was 12.781 + -18.236 + 28.594 + 47.118 = RM70 Mil.
Revenue was 401.695 + 504.622 + 450.55 + 408.485 = RM1,765 Mil.
Gross Profit was 32.446 + 35.951 + 32.323 + 32.245 = RM133 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1009.071 + 1072.651 + 1156.771 + 1215.766 + 1157.704) / 5 = RM1122.3926 Mil.
Total Assets at the begining of this year (Mar25) was RM1,009 Mil.
Long-Term Debt & Capital Lease Obligation was RM137 Mil.
Total Current Assets was RM737 Mil.
Total Current Liabilities was RM592 Mil.
Net Income was -1.785 + -8.507 + 1.138 + -5.977 = RM-15 Mil.

Revenue was 409.852 + 477.476 + 458.576 + 413.758 = RM1,760 Mil.
Gross Profit was 20.276 + 21.853 + 25.26 + 22.006 = RM89 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1128.76 + 1113.103 + 1124.101 + 1117.412 + 1009.071) / 5 = RM1098.4894 Mil.
Total Assets at the begining of last year (Mar24) was RM1,129 Mil.
Long-Term Debt & Capital Lease Obligation was RM135 Mil.
Total Current Assets was RM677 Mil.
Total Current Liabilities was RM495 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.

Unitrade Industries Bhd's current Net Income (TTM) was 20. ==> 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.

Unitrade Industries Bhd's current Cash Flow from Operations (TTM) was 70. ==> Positive ==> Score 1.

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)
=19.668/1009.071
=0.0194912

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-15.131/1128.76
=-0.01340498

Unitrade Industries Bhd's return on assets of this year was 0.0194912. Unitrade Industries Bhd's return on assets of last year was -0.01340498. ==> 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.

Unitrade Industries Bhd's current Net Income (TTM) was 20. Unitrade Industries Bhd's current Cash Flow from Operations (TTM) was 70. ==> 70 > 20 ==> 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
=136.969/1122.3926
=0.12203306

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=135.495/1098.4894
=0.12334666

Unitrade Industries Bhd's gearing of this year was 0.12203306. Unitrade Industries Bhd's gearing of last year was 0.12334666. ==> 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
=736.809/591.887
=1.24484741

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=676.996/494.981
=1.36772119

Unitrade Industries Bhd's current ratio of this year was 1.24484741. Unitrade Industries Bhd's current ratio of last year was 1.36772119. ==> 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.

Unitrade Industries Bhd's number of shares in issue this year was 1630.72. Unitrade Industries Bhd's number of shares in issue last year was 1630.72. ==> 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
=132.965/1765.352
=0.07531926

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=89.395/1759.662
=0.05080237

Unitrade Industries Bhd's gross margin of this year was 0.07531926. Unitrade Industries Bhd's gross margin of last year was 0.05080237. ==> 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)
=1765.352/1009.071
=1.74948244

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1759.662/1128.76
=1.5589337

Unitrade Industries Bhd's asset turnover of this year was 1.74948244. Unitrade Industries Bhd's asset turnover of last year was 1.5589337. ==> 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+1+1+1+1+0+1+1+1
=8

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

Unitrade Industries Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Unitrade Industries Bhd (XKLS:0247) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Unitrade Industries Bhd and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Unitrade Industries Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Unitrade Industries Bhd ranks #6 out of 151 companies in the Industrial Distribution industry, placing it in the top 4%.
Is Unitrade Industries Bhd's Piotroski F-Score too high?
Unitrade Industries Bhd's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. Unitrade Industries Bhd's value of 8 is 33.3% above this industry median. Based on the distribution chart, Unitrade Industries Bhd ranks #6 out of 151 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Unitrade Industries Bhd has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Unitrade Industries Bhd's Piotroski F-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Unitrade Industries Bhd ranks #6 out of 151 companies for Piotroski F-Score. This places Unitrade Industries Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Unitrade Industries Bhd's value of 8 is 33.3% above this benchmark. Historically, Unitrade Industries Bhd's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Unitrade Industries 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 151 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. Unitrade Industries Bhd's current Piotroski F-Score of 8 is 33.3% 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 Unitrade Industries Bhd and its competitors. For the Industrial Distribution 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. Unitrade Industries Bhd's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unitrade Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Unitrade Industries Bhd (XKLS:0247) is currently considered Fairly Valued. The stock's GF Value™ is RM0.26, compared to a current price of RM0.24 — trading 7.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Industrial Distribution industry median of 6.00. Unitrade Industries Bhd's overall GF Score™ is 48/100 with 8 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 Unitrade Industries Bhd (XKLS:0247), the current Piotroski F-Score is 8 as of Jul. 14, 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 Unitrade Industries Bhd (XKLS:0247) Overvalued in 2026?

Based on GuruFocus' analysis, Unitrade Industries Bhd stock appears to be undervalued. The current stock price of RM0.24 is trading 7.7% below its estimated GF Value™ of RM0.26. GuruFocus considers Unitrade Industries Bhd to be Fairly Valued.

Key valuation signals for XKLS:0247:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: RM0.26 vs. price of RM0.24 (7.7% below fair value)
  • GF Score™: 48/100 with 8 warning signs
  • Industry Position: 33.3% above the Industrial Distribution median (#6 of 151)

No single metric tells the full story. See the XKLS:0247 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unitrade Industries Bhd Business Description

Address 2, Jalan Astaka U8/87, Seksyen U8, Bukit Jelutong, Shah Alam, SGR, MYS, 40150
Unitrade Industries Bhd is a supplier and distributor of construction materials including pipe fittings and valves. The segments of the company are the Wholesale and distribution of building materials for mechanical and engineering (M&E) works comprising pipes, valves, fittings, and accessories, and civil works comprising reinforcement steel, structural steel, and other building material; Metal recycling; Manufacturing and sale of pre-insulated pipes; Rental of temporary structural support equipment and Others. The company earns the maximum of its revenue from the Wholesale and distribution segment. The Group operates in Malaysia.
48GF Score

Get the complete analysis for XKLS:0247

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

RM0.24
Price
RM0.26
GF Value