HE Group BhdXKLS:0296 -1.89%50 Piotroski F-Score is 6 as of Jul. 03, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XKLS:0296 with a GF Score™ of 50/100. The stock has 2 warning signs investors should review. Among 1,731 Construction companies, HE Group Bhd ranks better than 74.06% 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
HE Group 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 HE Group Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:0296'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 9
Current: 6
During the past 6 years, the highest Piotroski F-Score of HE Group Bhd was 9. The lowest was 6. And the median was 7.
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd Piotroski F-Score Related Terms
HE Group Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for HE 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.
XKLS:0296 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, HE 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.
HE Group Bhd Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where HE Group 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.
HE Group Bhd's current Net Income (TTM) was 10.7.
==> 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.
HE Group Bhd's return on assets of this year was 0.0932894. HE Group Bhd's return on assets of last year was 0.13130776.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
HE Group Bhd's gearing of this year was 0.01402862. HE Group Bhd's gearing of last year was 0.01644168.
==> 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
HE Group Bhd's current ratio of this year was 2.40057258. HE Group Bhd's current ratio of last year was 2.27932273.
==> 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.
HE Group Bhd's number of shares in issue this year was 440. HE Group Bhd's number of shares in issue last year was 440.
==> 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.
HE Group Bhd's gross margin of this year was 0.21744474. HE Group Bhd's gross margin of last year was 0.17343448.
==> 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
HE Group Bhd's asset turnover of this year was 1.02837121. HE Group Bhd's asset turnover of last year was 1.51234767.
==> 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
HE Group Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
HE Group Bhd (XKLS:0296) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HE Group Bhd and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, HE Group Bhd's Piotroski F-Score has ranged from 6.00 to 9.00. According to the industry distribution chart, HE Group Bhd ranks #449 out of 1731 companies in the Construction industry, placing it in the top 25.9%.
Is HE Group Bhd's Piotroski F-Score too high?
HE Group Bhd's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. HE Group Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, HE Group Bhd ranks #449 out of 1731 companies in the Construction industry, which is above the industry midpoint. Overall, HE Group Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does HE Group Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, HE Group Bhd ranks #449 out of 1731 companies for Piotroski F-Score. This puts HE Group Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. HE Group Bhd's value of 6 is 20% above this benchmark. Historically, HE Group Bhd's own Piotroski F-Score has ranged from 6.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, HE Group 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. HE Group 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 HE Group Bhd and its competitors. For the Construction 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. HE Group Bhd's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HE Group Bhd stock overvalued right now?
HE Group Bhd (XKLS:0296) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Construction industry median of 5.00. HE Group Bhd's overall GF Score™ is 50/100 with 2 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 HE Group Bhd (XKLS:0296), the current Piotroski F-Score is 6 as of Jul. 03, 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.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end-user premises such as industrial plants and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works, including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, the provision of power distribution systems that generates maximum revenue, other building systems and works, electrical equipment hook-up and retrofitting, and trading of electrical products.
50GF Score
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