Colform Group Bhd (XKLS:0341) Piotroski F-Score: 6 (As of Jul. 03, 2026) — 14% Below Median


XKLS:0341 Colform Group Bhd XKLS:0341
21 GF Score
Price RM0.26
! 3 Warning Signs
View Full Analysis

What is Colform Group Bhd Piotroski F-Score?

Colform Group Bhd XKLS:0341 21 Piotroski F-Score is 6 as of Jul. 03, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XKLS:0341 with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 622 Steel companies, Colform Group Bhd ranks better than 78.78% 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

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

XKLS:0341' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 6

During the past 5 years, the highest Piotroski F-Score of Colform Group Bhd was 8. The lowest was 6. And the median was 7.

Colform Group Bhd  (XKLS:0341) 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.


Colform Group Bhd Piotroski F-Score Related Terms


Colform Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Colform 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.

Colform Group Bhd Piotroski F-Score Chart

Colform Group Bhd Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A N/A 8.00

Colform Group 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 6.00

XKLS:0341 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, Colform 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.


Colform Group Bhd Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Colform Group Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0341
21GF Score
Colform Group Bhd XKLS:0341
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 5.992 + 6.056 + 4.635 + 4.16 = RM20.8 Mil.
Cash Flow from Operations was 6.31 + 12.824 + -8.256 + 0.729 = RM11.6 Mil.
Revenue was 24.409 + 28.919 + 27.462 + 21.784 = RM102.6 Mil.
Gross Profit was 9.685 + 11.045 + 10.93 + 7.286 = RM38.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(153.212 + 160.771 + 159.496 + 165.575 + 175.374) / 5 = RM162.8856 Mil.
Total Assets at the begining of this year (Mar25) was RM153.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.0 Mil.
Total Current Assets was RM138.2 Mil.
Total Current Liabilities was RM16.9 Mil.
Net Income was 0 + 0 + 3.968 + 0.652 = RM4.6 Mil.

Revenue was 0 + 0 + 23.749 + 18.582 = RM42.3 Mil.
Gross Profit was 0 + 0 + 8.245 + 6.612 = RM14.9 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Mar25) was
(104.657 + 105.087 + 108.244 + 117.321 + 153.212) / 5 = RM117.7042 Mil.
Total Assets at the begining of last year (Dec22) was RM104.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM4.1 Mil.
Total Current Assets was RM124.5 Mil.
Total Current Liabilities was RM10.1 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.

Colform Group Bhd's current Net Income (TTM) was 20.8. ==> 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.

Colform Group Bhd's current Cash Flow from Operations (TTM) was 11.6. ==> 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)
=20.843/153.212
=0.13604026

ROA (Last Year)=Net Income/Total Assets (Dec22)
=4.62/104.657
=0.0441442

Colform Group Bhd's return on assets of this year was 0.13604026. Colform Group Bhd's return on assets of last year was 0.0441442. ==> 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.

Colform Group Bhd's current Net Income (TTM) was 20.8. Colform Group Bhd's current Cash Flow from Operations (TTM) was 11.6. ==> 11.6 <= 20.8 ==> 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
=4.996/162.8856
=0.03067183

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Mar25
=4.098/117.7042
=0.03481609

Colform Group Bhd's gearing of this year was 0.03067183. Colform Group Bhd's gearing of last year was 0.03481609. ==> 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
=138.152/16.931
=8.15970705

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=124.462/10.089
=12.33640599

Colform Group Bhd's current ratio of this year was 8.15970705. Colform Group Bhd's current ratio of last year was 12.33640599. ==> 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.

Colform Group Bhd's number of shares in issue this year was 600. Colform Group Bhd's number of shares in issue last year was 549.145. ==> 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
=38.946/102.574
=0.37968686

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.857/42.331
=0.3509721

Colform Group Bhd's gross margin of this year was 0.37968686. Colform Group Bhd's gross margin of last year was 0.3509721. ==> 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)
=102.574/153.212
=0.66949064

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=42.331/104.657
=0.40447366

Colform Group Bhd's asset turnover of this year was 0.66949064. Colform Group Bhd's asset turnover of last year was 0.40447366. ==> 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

Colform Group 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?
Colform Group Bhd (XKLS:0341) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Colform Group Bhd and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Colform Group Bhd's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Colform Group Bhd ranks #132 out of 622 companies in the Steel industry, placing it in the top 21.2%.
Is Colform Group Bhd's Piotroski F-Score too high?
Colform Group Bhd's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Colform Group Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Colform Group Bhd ranks #132 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Colform Group Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Colform Group Bhd's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Colform Group Bhd ranks #132 out of 622 companies for Piotroski F-Score. This places Colform Group Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Colform Group Bhd's value of 6 is 20% above this benchmark. Historically, Colform Group Bhd's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Colform 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 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. Colform Group 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 Colform Group Bhd and its competitors. For the Steel 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. Colform Group Bhd's current Piotroski F-Score is 6, which is 14% below 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 Colform Group Bhd stock overvalued right now?
Colform Group Bhd (XKLS:0341) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Steel industry median of 5.00. Colform Group Bhd's overall GF Score™ is 21/100 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 Colform Group Bhd (XKLS:0341), the current Piotroski F-Score is 6 as of Jul. 03, 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.

Colform Group Bhd Business Description

Address Lot 8, Jalan 2A KKIP Timur, Industrial Zone 12 (IZ12, Kota Kinabalu Industrial Park, Tuaran, SBH, MYS, 89208
Colform Group Bhd is an integrated steel solutions provider in Malaysia, specializing in the manufacturing, processing and trading of downstream steel products and building materials. The group also offers supply and installation services as well as project management services for construction projects. It focuses on the production of structural, protective and decorative steel components, roofing sheets and accessories, purlins and battens, Industrialized Building System (IBS) steel framing systems and accessories. It is organized in three divisions: Manufacturing and Processing Division, Trading Division, and Supply, Installation and Project Management Services Division. It operates in single segment of the manufacturing of slitted steel sheets in Malaysia.
21GF Score

Get the complete analysis for XKLS:0341

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

RM0.26
Price