Elridge Energy Holdings BhdXKLS:0318 +1.72%18 Piotroski F-Score is 4 as of Jul. 01, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XKLS:0318 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Elridge Energy Holdings Bhd ranks worse than 59.95% 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
Elridge Energy Holdings 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 Elridge Energy Holdings Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:0318'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 7
Current: 4
During the past 5 years, the highest Piotroski F-Score of Elridge Energy Holdings Bhd was 7. The lowest was 4. And the median was 5.
Elridge Energy Holdings Bhd (XKLS:0318) 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.
Elridge Energy Holdings Bhd Piotroski F-Score Related Terms
Elridge Energy Holdings Bhd Piotroski F-Score Historical Data
* 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.
Elridge Energy Holdings Bhd Piotroski F-Score Chart
Elridge Energy Holdings Bhd Piotroski F-Score Competitor Comparison
For the Utilities - Renewable subindustry, Elridge Energy 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.
Elridge Energy Holdings Bhd Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Elridge Energy Holdings Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Elridge Energy Holdings 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.
Elridge Energy Holdings Bhd's current Net Income (TTM) was 61.5.
==> 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.
Elridge Energy Holdings Bhd's current Cash Flow from Operations (TTM) was 25.0.
==> 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.
Elridge Energy Holdings Bhd's return on assets of this year was 0.22969763. Elridge Energy Holdings Bhd's return on assets of last year was 0.25922485.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Elridge Energy Holdings Bhd's gearing of this year was 0.07448966. Elridge Energy Holdings Bhd's gearing of last year was 0.04431773.
==> 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
Elridge Energy Holdings Bhd's current ratio of this year was 2.77548671. Elridge Energy Holdings Bhd's current ratio of last year was 3.47342497.
==> 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.
Elridge Energy Holdings Bhd's number of shares in issue this year was 2000. Elridge Energy Holdings Bhd's number of shares in issue last year was 2000.
==> 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.
Elridge Energy Holdings Bhd's gross margin of this year was 0.25472475. Elridge Energy Holdings Bhd's gross margin of last year was 0.20977802.
==> 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
Elridge Energy Holdings Bhd's asset turnover of this year was 1.69221145. Elridge Energy Holdings Bhd's asset turnover of last year was 2.48909496.
==> 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
Elridge Energy Holdings Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Elridge Energy Holdings Bhd (XKLS:0318) has a Piotroski F-Score of 4 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Elridge Energy Holdings Bhd and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Elridge Energy Holdings Bhd's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Elridge Energy Holdings Bhd ranks #250 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 60%.
Is Elridge Energy Holdings Bhd's Piotroski F-Score too high?
Elridge Energy Holdings Bhd's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Elridge Energy Holdings Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Elridge Energy Holdings Bhd ranks #250 out of 417 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Elridge Energy Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Elridge Energy Holdings Bhd's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Elridge Energy Holdings Bhd ranks #250 out of 417 companies for Piotroski F-Score. This places Elridge Energy Holdings Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Elridge Energy Holdings Bhd's value of 4 is 20% below this benchmark. Historically, Elridge Energy Holdings Bhd's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Elridge Energy Holdings 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 Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Elridge Energy Holdings 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 Elridge Energy Holdings Bhd and its competitors. For the Utilities - Independent Power Producers 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. Elridge Energy Holdings Bhd's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elridge Energy Holdings Bhd stock overvalued right now?
Elridge Energy Holdings Bhd (XKLS:0318) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Utilities - Independent Power Producers industry median of 5.00. Elridge Energy Holdings Bhd's overall GF Score™ is 18/100 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 Elridge Energy Holdings Bhd (XKLS:0318), the current Piotroski F-Score is 4 as of Jul. 01, 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.
Elridge Energy Holdings Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of biomass fuel products, particularly Palm Kernel Shells (PKS) and wood pellets. Geographically, the group generates a majority of its revenue from Malaysia, followed by Indonesia, Japan, Singapore, and Thailand.
18GF Score
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