Amlex Holdings Bhd (XKLS:03011) Piotroski F-Score: 7 (As of Jul. 12, 2026) — Near Median


XKLS:03011 Amlex Holdings Bhd XKLS:03011
50 GF Score
Price RM0.15
GF Value RM0.34
Valuation Possible Value Trap
! 5 Warning Signs
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What is Amlex Holdings Bhd Piotroski F-Score?

Amlex Holdings Bhd XKLS:03011 50 Piotroski F-Score is 7 as of Jul. 12, 2026, which is at its 10-year median of 7.00. GuruFocus rates XKLS:03011 with a GF Score™ of 50/100 and a GF Value™ of RM0.34 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,434 Hardware companies, Amlex Holdings Bhd ranks better than 91.21% on this metric.

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

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

XKLS:03011' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 10 years, the highest Piotroski F-Score of Amlex Holdings Bhd was 9. The lowest was 3. And the median was 7.

Amlex Holdings Bhd  (XKLS:03011) 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.


Amlex Holdings Bhd Piotroski F-Score Related Terms


Amlex Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Amlex Holdings 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.

Amlex Holdings Bhd Piotroski F-Score Chart

Amlex Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 5.00 6.00 7.00 7.00

Amlex Holdings Bhd Semi-Annual Data
Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 6.00 0.00 7.00 0.00 7.00

XKLS:03011 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Amlex Holdings 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.


Amlex Holdings Bhd Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Amlex Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:03011
50GF Score
Amlex Holdings Bhd XKLS:03011
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 RM2.31 Mil.
Cash Flow from Operations was RM4.90 Mil.
Revenue was RM61.30 Mil.
Gross Profit was RM9.65 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (72.606 + 74.42) / 2 = RM73.513 Mil.
Total Assets at the begining of this year (Mar25) was RM72.61 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.82 Mil.
Total Current Assets was RM36.06 Mil.
Total Current Liabilities was RM11.72 Mil.
Net Income was RM1.03 Mil.

Revenue was RM61.82 Mil.
Gross Profit was RM8.23 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (72.647 + 72.606) / 2 = RM72.6265 Mil.
Total Assets at the begining of last year (Mar24) was RM72.65 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.60 Mil.
Total Current Assets was RM32.65 Mil.
Total Current Liabilities was RM11.97 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.

Amlex Holdings Bhd's current Net Income (TTM) was 2.31. ==> 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.

Amlex Holdings Bhd's current Cash Flow from Operations (TTM) was 4.90. ==> 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)
=2.314/72.606
=0.03187064

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.03/72.647
=0.01417815

Amlex Holdings Bhd's return on assets of this year was 0.03187064. Amlex Holdings Bhd's return on assets of last year was 0.01417815. ==> 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.

Amlex Holdings Bhd's current Net Income (TTM) was 2.31. Amlex Holdings Bhd's current Cash Flow from Operations (TTM) was 4.90. ==> 4.90 > 2.31 ==> 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
=8.815/73.513
=0.11991076

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.599/72.6265
=0.11840031

Amlex Holdings Bhd's gearing of this year was 0.11991076. Amlex Holdings Bhd's gearing of last year was 0.11840031. ==> Last year is lower than this year ==> Score 0.

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
=36.058/11.715
=3.07793427

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=32.653/11.967
=2.72858695

Amlex Holdings Bhd's current ratio of this year was 3.07793427. Amlex Holdings Bhd's current ratio of last year was 2.72858695. ==> 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.

Amlex Holdings Bhd's number of shares in issue this year was 268.113. Amlex Holdings Bhd's number of shares in issue last year was 268.113. ==> 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
=9.646/61.302
=0.15735213

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.234/61.82
=0.13319314

Amlex Holdings Bhd's gross margin of this year was 0.15735213. Amlex Holdings Bhd's gross margin of last year was 0.13319314. ==> 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)
=61.302/72.606
=0.84431039

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=61.82/72.647
=0.85096425

Amlex Holdings Bhd's asset turnover of this year was 0.84431039. Amlex Holdings Bhd's asset turnover of last year was 0.85096425. ==> 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+1+1+0+1+1+1+0
=7

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

Amlex Holdings 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?
Amlex Holdings Bhd (XKLS:03011) has a Piotroski F-Score of 7 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amlex Holdings Bhd and its competitors. This is near median its historical median of 7.00. Over the past decade, Amlex Holdings Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Amlex Holdings Bhd ranks #214 out of 2434 companies in the Hardware industry, placing it in the top 8.8%.
Is Amlex Holdings Bhd's Piotroski F-Score too high?
Amlex Holdings 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 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Amlex Holdings Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, Amlex Holdings Bhd ranks #214 out of 2434 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Amlex Holdings Bhd has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Amlex Holdings Bhd's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Amlex Holdings Bhd ranks #214 out of 2434 companies for Piotroski F-Score. This places Amlex Holdings Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Amlex Holdings Bhd's value of 7 is 40% above this benchmark. Historically, Amlex Holdings Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Amlex Holdings 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,434 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. Amlex Holdings 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 Amlex Holdings Bhd and its competitors. For the Hardware 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. Amlex Holdings 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 Amlex Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Amlex Holdings Bhd (XKLS:03011) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.34, compared to a current price of RM0.15 — trading 55.9% below 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 Hardware industry median of 5.00. Amlex Holdings Bhd's overall GF Score™ is 50/100 with 5 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 Amlex Holdings Bhd (XKLS:03011), the current Piotroski F-Score is 7 as of Jul. 12, 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 Amlex Holdings Bhd (XKLS:03011) Overvalued in 2026?

Based on GuruFocus' analysis, Amlex Holdings Bhd stock appears to be undervalued. The current stock price of RM0.15 is trading 55.9% below its estimated GF Value™ of RM0.34. GuruFocus considers Amlex Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:03011:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: RM0.34 vs. price of RM0.15 (55.9% below fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 40% above the Hardware median (#214 of 2434)

No single metric tells the full story. See the XKLS:03011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amlex Holdings Bhd Business Description

Address No. 799, Lorong Perindustrian Bukit Minyak 7, Taman Perindustrian Bukit Minyak, Simpang Ampat, PNG, MYS, 14100
Amlex Holdings Bhd is a Malaysia based provider of electronic packaging and interconnects solutions. The company is mainly engaged in the development and manufacturing of precision and complex mechanical and electro-mechanical components and assemblies. It caters to the semiconductor, consumer electronics, automotive, lighting, industrial electronics, and medical industries.
50GF Score

Get the complete analysis for XKLS:03011

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

RM0.15
Price
RM0.34
GF Value