CBH Engineering Holding Bhd (XKLS:0339) Piotroski F-Score: 7 (As of Jul. 04, 2026) — 13% Below Median


XKLS:0339 CBH Engineering Holding Bhd XKLS:0339
22 GF Score
Price RM0.68
! 3 Warning Signs
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What is CBH Engineering Holding Bhd Piotroski F-Score?

CBH Engineering Holding Bhd XKLS:0339 +0.75% 22 Piotroski F-Score is 7 as of Jul. 04, 2026, which is 13% below its 10-year median of 8.00. GuruFocus rates XKLS:0339 with a GF Score™ of 22/100. The stock has 3 warning signs investors should review. Among 1,731 Construction companies, CBH Engineering Holding Bhd ranks better than 89.37% 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

CBH Engineering Holding 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 CBH Engineering Holding Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:0339' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 8   Max: 8
Current: 7

During the past 5 years, the highest Piotroski F-Score of CBH Engineering Holding Bhd was 8. The lowest was 7. And the median was 8.

CBH Engineering Holding Bhd  (XKLS:0339) 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.


CBH Engineering Holding Bhd Piotroski F-Score Related Terms


CBH Engineering Holding Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CBH Engineering Holding 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.

CBH Engineering Holding Bhd Piotroski F-Score Chart

CBH Engineering Holding Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A N/A 8.00

CBH Engineering Holding Bhd Quarterly Data
Dec21 Dec22 Dec23 Aug24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 8.00 7.00

XKLS:0339 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, CBH Engineering Holding 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.


CBH Engineering Holding Bhd Piotroski F-Score vs Construction Industry

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

* The bar in red indicates where CBH Engineering Holding Bhd's Piotroski F-Score falls into.


XKLS:0339
22GF Score
CBH Engineering Holding Bhd XKLS:0339
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 10.106 + 12.535 + 19.661 + 18.185 = RM60.5 Mil.
Cash Flow from Operations was 77.248 + -8.545 + -2.063 + 8.158 = RM74.8 Mil.
Revenue was 59.679 + 31.523 + 91.165 + 89.539 = RM271.9 Mil.
Gross Profit was 16.349 + 9.882 + 36.394 + 27.404 = RM90.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(219.806 + 244.4 + 240.164 + 288.773 + 314.964) / 5 = RM261.6214 Mil.
Total Assets at the begining of this year (Mar25) was RM219.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.7 Mil.
Total Current Assets was RM307.7 Mil.
Total Current Liabilities was RM71.7 Mil.
Net Income was 0 + 0 + 10.69 + 5.735 = RM16.4 Mil.

Revenue was 0 + 0 + 83.856 + 36.436 = RM120.3 Mil.
Gross Profit was 0 + 0 + 18.502 + 10.757 = RM29.3 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Mar25) was
(108.712 + 142.894 + 212.407 + 159.567 + 219.806) / 5 = RM168.6772 Mil.
Total Assets at the begining of last year (Dec22) was RM108.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.9 Mil.
Total Current Assets was RM213.1 Mil.
Total Current Liabilities was RM32.1 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.

CBH Engineering Holding Bhd's current Net Income (TTM) was 60.5. ==> 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.

CBH Engineering Holding Bhd's current Cash Flow from Operations (TTM) was 74.8. ==> 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)
=60.487/219.806
=0.27518357

ROA (Last Year)=Net Income/Total Assets (Dec22)
=16.425/108.712
=0.15108728

CBH Engineering Holding Bhd's return on assets of this year was 0.27518357. CBH Engineering Holding Bhd's return on assets of last year was 0.15108728. ==> 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.

CBH Engineering Holding Bhd's current Net Income (TTM) was 60.5. CBH Engineering Holding Bhd's current Cash Flow from Operations (TTM) was 74.8. ==> 74.8 > 60.5 ==> 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
=1.734/261.6214
=0.0066279

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Mar25
=1.898/168.6772
=0.01125226

CBH Engineering Holding Bhd's gearing of this year was 0.0066279. CBH Engineering Holding Bhd's gearing of last year was 0.01125226. ==> 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
=307.711/71.698
=4.29176546

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=213.091/32.128
=6.6325635

CBH Engineering Holding Bhd's current ratio of this year was 4.29176546. CBH Engineering Holding Bhd's current ratio of last year was 6.6325635. ==> 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.

CBH Engineering Holding Bhd's number of shares in issue this year was 1880.896. CBH Engineering Holding Bhd's number of shares in issue last year was 1831.23. ==> 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
=90.029/271.906
=0.3311034

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=29.259/120.292
=0.24323313

CBH Engineering Holding Bhd's gross margin of this year was 0.3311034. CBH Engineering Holding Bhd's gross margin of last year was 0.24323313. ==> 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)
=271.906/219.806
=1.2370272

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=120.292/108.712
=1.10651998

CBH Engineering Holding Bhd's asset turnover of this year was 1.2370272. CBH Engineering Holding Bhd's asset turnover of last year was 1.10651998. ==> 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+0+1+1
=7

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

CBH Engineering Holding 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?
CBH Engineering Holding Bhd (XKLS:0339) has a Piotroski F-Score of 7 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CBH Engineering Holding Bhd and its competitors. This is 13% below median its historical median of 8.00. Over the past decade, CBH Engineering Holding Bhd's Piotroski F-Score has ranged from 7.00 to 8.00. According to the industry distribution chart, CBH Engineering Holding Bhd ranks #184 out of 1731 companies in the Construction industry, placing it in the top 10.6%.
Is CBH Engineering Holding Bhd's Piotroski F-Score too high?
CBH Engineering Holding Bhd's current Piotroski F-Score of 7 is 13% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. CBH Engineering Holding Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, CBH Engineering Holding Bhd ranks #184 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, CBH Engineering Holding Bhd has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does CBH Engineering Holding Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, CBH Engineering Holding Bhd ranks #184 out of 1731 companies for Piotroski F-Score. This places CBH Engineering Holding Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CBH Engineering Holding Bhd's value of 7 is 40% above this benchmark. Historically, CBH Engineering Holding Bhd's own Piotroski F-Score has ranged from 7.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, CBH Engineering Holding 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 1,731 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. CBH Engineering Holding 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 CBH Engineering Holding 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. CBH Engineering Holding Bhd's current Piotroski F-Score is 7, which is 13% below 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 CBH Engineering Holding Bhd stock overvalued right now?
CBH Engineering Holding Bhd (XKLS:0339) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 13% below median its 10-year median of 8.00 and 40% above the Construction industry median of 5.00. CBH Engineering Holding Bhd's overall GF Score™ is 22/100 with 3 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 CBH Engineering Holding Bhd (XKLS:0339), the current Piotroski F-Score is 7 as of Jul. 04, 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.

CBH Engineering Holding Bhd Business Description

Address Jalan Anggerik Vanilla AD 31/AD, 12, 12A, 12B, 14, 14A & 14B, Kota Kemuning, Shah Alam, SGR, MYS, 40460
CBH Engineering Holding Bhd is an investment holding company. Through its subsidiaries, it is principally an electrical engineering service provider and it specializes in electricity supply distribution systems, where the company undertakes the design, supply, installation, testing, commissioning and maintenance of HV, MV, LV and ELV electrical systems. It also undertakes mechanical engineering works for building systems, where this relates to the design, supply, installation, testing, commissioning and maintenance of building systems such as ACMV systems, fire protection systems, plumbing and sanitary systems as well as renewable energy systems.
22GF Score

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

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