3REN Bhd (XKLS:0328) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


XKLS:0328 3REN Bhd XKLS:0328
41 GF Score
Price RM0.40
! 8 Warning Signs
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What is 3REN Bhd Piotroski F-Score?

3REN Bhd XKLS:0328 -3.61% 41 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates XKLS:0328 with a GF Score™ of 41/100. The stock has 8 warning signs investors should review. Among 1,735 Construction companies, 3REN Bhd ranks better than 74.24% 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

3REN 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 3REN Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0328' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of 3REN Bhd was 6. The lowest was 5. And the median was 6.

3REN Bhd  (XKLS:0328) 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.


3REN Bhd Piotroski F-Score Related Terms


3REN Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for 3REN 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.

3REN Bhd Piotroski F-Score Chart

3REN Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A N/A 5.00

3REN Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 Jun24 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 Premium Member Only N/A 6.00 N/A 5.00 6.00

XKLS:0328 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, 3REN 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.


3REN Bhd Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, 3REN Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where 3REN Bhd's Piotroski F-Score falls into.


XKLS:0328
41GF Score
3REN Bhd XKLS:0328
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 4.475 + 2.157 + 1.323 + 3.154 = RM11.1 Mil.
Cash Flow from Operations was -2.916 + -2.467 + 6.203 + 2.784 = RM3.6 Mil.
Revenue was 29.979 + 27.125 + 27.816 + 33.772 = RM118.7 Mil.
Gross Profit was 9.099 + 5.849 + 5.984 + 8.088 = RM29.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(116.241 + 123.611 + 125.425 + 127.699 + 128.963) / 5 = RM124.3878 Mil.
Total Assets at the begining of this year (Mar25) was RM116.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.9 Mil.
Total Current Assets was RM103.9 Mil.
Total Current Liabilities was RM15.0 Mil.
Net Income was 0 + 2.175 + 1.787 + 0.545 = RM4.5 Mil.

Revenue was 0 + 29.049 + 28.848 + 22.182 = RM80.1 Mil.
Gross Profit was 0 + 7.274 + 8.527 + 3.732 = RM19.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Mar25) was
(79.558 + 107.29 + 0 + 119.574 + 116.241) / 5 = RM105.66575 Mil.
Total Assets at the begining of last year (Dec23) was RM79.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.5 Mil.
Total Current Assets was RM91.5 Mil.
Total Current Liabilities was RM9.0 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.

3REN Bhd's current Net Income (TTM) was 11.1. ==> 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.

3REN Bhd's current Cash Flow from Operations (TTM) was 3.6. ==> 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)
=11.109/116.241
=0.09556869

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.507/79.558
=0.05665049

3REN Bhd's return on assets of this year was 0.09556869. 3REN Bhd's return on assets of last year was 0.05665049. ==> 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.

3REN Bhd's current Net Income (TTM) was 11.1. 3REN Bhd's current Cash Flow from Operations (TTM) was 3.6. ==> 3.6 <= 11.1 ==> CFROA <= ROA ==> Score 0.

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
=9.945/124.3878
=0.07995157

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Mar25
=10.453/105.66575
=0.09892515

3REN Bhd's gearing of this year was 0.07995157. 3REN Bhd's gearing of last year was 0.09892515. ==> 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
=103.893/15.027
=6.91375524

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=91.453/9.04
=10.1164823

3REN Bhd's current ratio of this year was 6.91375524. 3REN Bhd's current ratio of last year was 10.1164823. ==> 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.

3REN Bhd's number of shares in issue this year was 653.316. 3REN Bhd's number of shares in issue last year was 607.196. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=29.02/118.692
=0.24449837

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.533/80.079
=0.24392163

3REN Bhd's gross margin of this year was 0.24449837. 3REN Bhd's gross margin of last year was 0.24392163. ==> 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)
=118.692/116.241
=1.0210855

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=80.079/79.558
=1.00654868

3REN Bhd's asset turnover of this year was 1.0210855. 3REN Bhd's asset turnover of last year was 1.00654868. ==> 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+0+1+0+0+1+1
=6

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

3REN Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
3REN Bhd (XKLS:0328) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on 3REN Bhd and its competitors. This is near median its historical median of 6.00. Over the past decade, 3REN Bhd's Piotroski F-Score has ranged from 5.00 to 6.00. According to the industry distribution chart, 3REN Bhd ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is 3REN Bhd's Piotroski F-Score too high?
3REN Bhd's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. 3REN Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, 3REN Bhd ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, 3REN Bhd has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does 3REN Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, 3REN Bhd ranks #447 out of 1735 companies for Piotroski F-Score. This puts 3REN Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. 3REN Bhd's value of 6 is 20% above this benchmark. Historically, 3REN Bhd's own Piotroski F-Score has ranged from 5.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 3REN 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 1,735 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. 3REN 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 3REN 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. 3REN Bhd's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3REN Bhd stock overvalued right now?
3REN Bhd (XKLS:0328) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. 3REN Bhd's overall GF Score™ is 41/100 with 8 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 3REN Bhd (XKLS:0328), the current Piotroski F-Score is 6 as of Jun. 26, 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.

3REN Bhd Business Description

Address No. 9, Jalan Industri Tangkas 1, Taman Industri Tangkas, Bukit Mertajam, PNG, MYS, 14000
3REN Bhd is principally an investment holding company that operates through subsidiaries and is principally engaged in automation solutions and engineering services. Its business activities include the provision of product engineering services, the provision of engineering support services for IC assembly and testing, the design, development, and sale of digitalised solutions, and the design, development, and sale of automated equipment. The Group serves a diverse range of industries, including semiconductor and electronics, automotive, consumer electronics, fast-moving consumer goods (FMCG), medical device manufacturing, and life sciences. The company operates in three segments: Manufacturing operating solutions and services, Product engineering services, and Others.
41GF Score

Get the complete analysis for XKLS:0328

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

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