Northeast Group Bhd (XKLS:0325) Piotroski F-Score: 8 (As of Jun. 29, 2026) — Near Median


XKLS:0325 Northeast Group Bhd XKLS:0325
21 GF Score
Price RM1.05
! 4 Warning Signs
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What is Northeast Group Bhd Piotroski F-Score?

Northeast Group Bhd XKLS:0325 -0.94% 21 Piotroski F-Score is 8 as of Jun. 29, 2026, which is at its 10-year median of 8.00. GuruFocus rates XKLS:0325 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 2,432 Hardware companies, Northeast Group Bhd ranks better than 98.64% 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

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

XKLS:0325' s Piotroski F-Score Range Over the Past 10 Years
Min: 8   Med: 8   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Northeast Group Bhd was 8. The lowest was 8. And the median was 8.

Northeast Group Bhd  (XKLS:0325) 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.


Northeast Group Bhd Piotroski F-Score Related Terms


Northeast Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Northeast 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.

Northeast Group Bhd Piotroski F-Score Chart

Northeast Group Bhd Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A N/A N/A 8.00

Northeast Group Bhd Quarterly Data
Sep21 Sep22 Sep23 May24 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 N/A N/A 8.00 8.00 8.00

XKLS:0325 vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, Northeast 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.


Northeast Group Bhd Piotroski F-Score vs Hardware Industry

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

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


XKLS:0325
21GF Score
Northeast Group Bhd XKLS:0325
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 7.1 + 7.095 + 7.186 + 12.338 = RM33.7 Mil.
Cash Flow from Operations was 7.319 + 6.612 + 11.791 + 10.443 = RM36.2 Mil.
Revenue was 31.677 + 36.313 + 36.649 + 38.61 = RM143.2 Mil.
Gross Profit was 10.73 + 14.373 + 12.919 + 14.385 = RM52.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(277.852 + 288.761 + 294.919 + 303.609 + 313.475) / 5 = RM295.7232 Mil.
Total Assets at the begining of this year (Mar25) was RM277.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM13.2 Mil.
Total Current Assets was RM199.7 Mil.
Total Current Liabilities was RM16.4 Mil.
Net Income was 0 + 0.76 + 0.285 + 6.059 = RM7.1 Mil.

Revenue was 0 + 21.53 + 24.177 + 27.453 = RM73.2 Mil.
Gross Profit was 0 + 8.907 + 6.131 + 9.098 = RM24.1 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Mar25) was
(192.226 + 196.987 + 206.997 + 273.176 + 277.852) / 5 = RM229.4476 Mil.
Total Assets at the begining of last year (Sep23) was RM192.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM13.2 Mil.
Total Current Assets was RM185.4 Mil.
Total Current Liabilities was RM14.5 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.

Northeast Group Bhd's current Net Income (TTM) was 33.7. ==> 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.

Score 1 if positive, 0 if negative.

Northeast Group Bhd's current Cash Flow from Operations (TTM) was 36.2. ==> 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)
=33.719/277.852
=0.12135597

ROA (Last Year)=Net Income/Total Assets (Sep23)
=7.104/192.226
=0.0369565

Northeast Group Bhd's return on assets of this year was 0.12135597. Northeast Group Bhd's return on assets of last year was 0.0369565. ==> 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.

Northeast Group Bhd's current Net Income (TTM) was 33.7. Northeast Group Bhd's current Cash Flow from Operations (TTM) was 36.2. ==> 36.2 > 33.7 ==> 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
=13.185/295.7232
=0.04458561

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Mar25
=13.243/229.4476
=0.05771688

Northeast Group Bhd's gearing of this year was 0.04458561. Northeast Group Bhd's gearing of last year was 0.05771688. ==> 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
=199.679/16.412
=12.16664636

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=185.388/14.535
=12.75459236

Northeast Group Bhd's current ratio of this year was 12.16664636. Northeast Group Bhd's current ratio of last year was 12.75459236. ==> 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.

Northeast Group Bhd's number of shares in issue this year was 740. Northeast Group Bhd's number of shares in issue last year was 740. ==> 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
=52.407/143.249
=0.36584549

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24.136/73.16
=0.32990705

Northeast Group Bhd's gross margin of this year was 0.36584549. Northeast Group Bhd's gross margin of last year was 0.32990705. ==> 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)
=143.249/277.852
=0.51555864

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=73.16/192.226
=0.38059368

Northeast Group Bhd's asset turnover of this year was 0.51555864. Northeast Group Bhd's asset turnover of last year was 0.38059368. ==> 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

Northeast Group 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?
Northeast Group Bhd (XKLS:0325) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Northeast Group Bhd and its competitors. This is near median its historical median of 8.00. Over the past decade, Northeast Group Bhd's Piotroski F-Score has ranged from 8.00 to 8.00. According to the industry distribution chart, Northeast Group Bhd ranks #33 out of 2432 companies in the Hardware industry, placing it in the top 1.4%.
Is Northeast Group Bhd's Piotroski F-Score too high?
Northeast Group Bhd's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 8.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Northeast Group Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Northeast Group Bhd ranks #33 out of 2432 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Northeast Group Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Northeast Group Bhd's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Northeast Group Bhd ranks #33 out of 2432 companies for Piotroski F-Score. This places Northeast Group Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Northeast Group Bhd's value of 8 is 60% above this benchmark. Historically, Northeast Group Bhd's own Piotroski F-Score has ranged from 8.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Northeast 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. Northeast Group Bhd's current Piotroski F-Score of 8 is 60% 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 Northeast Group 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. Northeast Group Bhd's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northeast Group Bhd stock overvalued right now?
Northeast Group Bhd (XKLS:0325) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Hardware industry median of 5.00. Northeast Group Bhd's overall GF Score™ is 21/100 with 4 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 Northeast Group Bhd (XKLS:0325), the current Piotroski F-Score is 8 as of Jun. 29, 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.

Northeast Group Bhd Business Description

Address 1946, Lorong IKS Bukit Minyak 1, Taman IKS Bukit Minyak, Simpang Ampat, PNG, MYS, 14100
Northeast Group Bhd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the manufacturing of precision engineering components. It also provides related services including Surface Finishing, Sheet Metal Fabrication and Mechanical Sub-Assembly. The company serves various industries, including photonics, electrical and electronics (E&E), semiconductor, telecommunication, and optoelectronics. The majority of the company's revenue is derived from Malaysia, and the rest from North America, Europe, Other Asian countries, Oceania and South America.
21GF Score

Get the complete analysis for XKLS:0325

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

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