SL Innovation Capital Bhd (XKLS:03008) Piotroski F-Score: 7 (As of Jun. 27, 2026) — Near Median


XKLS:03008 SL Innovation Capital Bhd XKLS:03008
54 GF Score
Price RM0.69
GF Value RM0.50
! 7 Warning Signs
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What is SL Innovation Capital Bhd Piotroski F-Score?

SL Innovation Capital Bhd XKLS:03008 54 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates XKLS:03008 with a GF Score™ of 54/100 and a GF Value™ of RM0.50. The stock has 7 warning signs investors should review.

Good Sign:

Piotroski F-Score is 7, 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

SL Innovation Capital Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:03008' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 11 years, the highest Piotroski F-Score of SL Innovation Capital Bhd was 8. The lowest was 5. And the median was 7.

SL Innovation Capital Bhd  (XKLS:03008) 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.


SL Innovation Capital Bhd Piotroski F-Score Related Terms


SL Innovation Capital Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SL Innovation Capital 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.

SL Innovation Capital Bhd Piotroski F-Score Chart

SL Innovation Capital Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 6.00 7.00 7.00

SL Innovation Capital Bhd Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 7.00 0.00 7.00

XKLS:03008 vs ACN, IBM, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, SL Innovation Capital 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.


SL Innovation Capital Bhd Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, SL Innovation Capital Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SL Innovation Capital Bhd's Piotroski F-Score falls into.


XKLS:03008
54GF Score
SL Innovation Capital Bhd XKLS:03008
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was RM2.64 Mil.
Cash Flow from Operations was RM5.17 Mil.
Revenue was RM51.59 Mil.
Gross Profit was RM22.22 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (43.185 + 30.055) / 2 = RM36.62 Mil.
Total Assets at the begining of this year (Dec24) was RM43.19 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.10 Mil.
Total Current Assets was RM22.59 Mil.
Total Current Liabilities was RM12.19 Mil.
Net Income was RM5.63 Mil.

Revenue was RM62.87 Mil.
Gross Profit was RM22.25 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (28.201 + 43.185) / 2 = RM35.693 Mil.
Total Assets at the begining of last year (Dec23) was RM28.20 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.59 Mil.
Total Current Assets was RM34.40 Mil.
Total Current Liabilities was RM22.36 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.

SL Innovation Capital Bhd's current Net Income (TTM) was 2.64. ==> 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.

SL Innovation Capital Bhd's current Cash Flow from Operations (TTM) was 5.17. ==> 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 (Dec24)
=2.644/43.185
=0.06122496

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.63/28.201
=0.19963831

SL Innovation Capital Bhd's return on assets of this year was 0.06122496. SL Innovation Capital Bhd's return on assets of last year was 0.19963831. ==> 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.

SL Innovation Capital Bhd's current Net Income (TTM) was 2.64. SL Innovation Capital Bhd's current Cash Flow from Operations (TTM) was 5.17. ==> 5.17 > 2.64 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1.097/36.62
=0.02995631

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.593/35.693
=0.0446306

SL Innovation Capital Bhd's gearing of this year was 0.02995631. SL Innovation Capital Bhd's gearing of last year was 0.0446306. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=22.59/12.192
=1.85285433

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=34.402/22.355
=1.5388951

SL Innovation Capital Bhd's current ratio of this year was 1.85285433. SL Innovation Capital Bhd's current ratio of last year was 1.5388951. ==> 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.

SL Innovation Capital Bhd's number of shares in issue this year was 127. SL Innovation Capital Bhd's number of shares in issue last year was 127. ==> 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
=22.221/51.59
=0.43072301

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22.245/62.868
=0.35383661

SL Innovation Capital Bhd's gross margin of this year was 0.43072301. SL Innovation Capital Bhd's gross margin of last year was 0.35383661. ==> 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 (Dec24)
=51.59/43.185
=1.19462776

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=62.868/28.201
=2.22928265

SL Innovation Capital Bhd's asset turnover of this year was 1.19462776. SL Innovation Capital Bhd's asset turnover of last year was 2.22928265. ==> 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+1+0+1+1+1+1+1+0
=7

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

SL Innovation Capital Bhd has an F-score of 7. 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 7 mean?
SL Innovation Capital Bhd (XKLS:03008) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SL Innovation Capital Bhd and its competitors. This is near median its historical median of 7.00. Over the past decade, SL Innovation Capital Bhd's Piotroski F-Score has ranged from 5.00 to 8.00.
Is SL Innovation Capital Bhd's Piotroski F-Score too high?
SL Innovation Capital Bhd's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. SL Innovation Capital Bhd's value of 7 is 40% above this industry median. Overall, SL Innovation Capital Bhd has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does SL Innovation Capital Bhd's Piotroski F-Score compare to ACN and IBM?
SL Innovation Capital Bhd's Piotroski F-Score of 7 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. SL Innovation Capital Bhd's value of 7 is 40% above this benchmark. Historically, SL Innovation Capital Bhd's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, SL Innovation Capital 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. SL Innovation Capital Bhd's current Piotroski F-Score of 7 is 40% 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 SL Innovation Capital Bhd and its competitors. For the Software 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. SL Innovation Capital Bhd's current Piotroski F-Score is 7, which is near 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 SL Innovation Capital Bhd stock overvalued right now?
SL Innovation Capital Bhd (XKLS:03008) has a current Piotroski F-Score of 7. The stock's GF Value™ is RM0.50, compared to a current price of RM0.69 — trading 37% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Software industry median of 5.00. SL Innovation Capital Bhd's overall GF Score™ is 54/100 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 SL Innovation Capital Bhd (XKLS:03008), the current Piotroski F-Score is 7 as of Jun. 27, 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 SL Innovation Capital Bhd (XKLS:03008) Overvalued in 2026?

Based on GuruFocus' analysis, SL Innovation Capital Bhd stock appears to be overvalued. The current stock price of RM0.69 is trading 37% above its estimated GF Value™ of RM0.50.

Key valuation signals for XKLS:03008:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: RM0.50 vs. price of RM0.69 (37% above fair value)
  • GF Score™: 54/100 with 7 warning signs
  • Industry Position: 40% above the Software median

No single metric tells the full story. See the XKLS:03008 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SL Innovation Capital Bhd Business Description

Address Jalan PJU 1/41, 23-6, Block D1, Dataran Prima, Petaling Jaya, SGR, MYS, 47301
SL Innovation Capital Bhd provides management services. Along with its subsidiaries, it operates in the following reportable segments based on its products and services; IT infrastructure technology solutions, Business process automation solutions, and Others. Maximum revenue is generated from its IT infrastructure technology solutions segment, which provides hardware, system software, network resources, and related accessories required in the operation and management of an enterprise's IT environment. The business process automation solutions segment offers business process management software, and the Others segment provides management and operation services. Geographically, the company derives its key revenue from Malaysia followed by Indonesia, Korea, Myanmar, and Singapore.
54GF Score

Get the complete analysis for XKLS:03008

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

RM0.69
Price
RM0.50
GF Value