Chemlite Innovation BhdXKLS:0348 20 Piotroski F-Score is 8 as of Jul. 03, 2026, which is at its 10-year median of 8.00. GuruFocus rates XKLS:0348 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Chemlite Innovation Bhd ranks better than 97.95% 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
Chemlite Innovation 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 Chemlite Innovation Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:0348'
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 Chemlite Innovation Bhd was 8. The lowest was 8. And the median was 8.
Chemlite Innovation Bhd (XKLS:0348) 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.
Chemlite Innovation Bhd Piotroski F-Score Related Terms
Chemlite Innovation Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Chemlite Innovation 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.
XKLS:0348 vs CRS, ATI, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, Chemlite Innovation 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.
Chemlite Innovation Bhd Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chemlite Innovation Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Chemlite Innovation 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.
Chemlite Innovation Bhd's current Net Income (TTM) was 5.92.
==> 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.
Chemlite Innovation Bhd's current Cash Flow from Operations (TTM) was 11.11.
==> 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.
Chemlite Innovation Bhd's return on assets of this year was 0.0864248. Chemlite Innovation Bhd's return on assets of last year was 0.02969498.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Chemlite Innovation Bhd's gearing of this year was 0.12734623. Chemlite Innovation Bhd's gearing of last year was 0.3071663.
==> 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
Chemlite Innovation Bhd's current ratio of this year was 9.04716312. Chemlite Innovation Bhd's current ratio of last year was 5.55136418.
==> This year's current ratio is higher. ==> Score 1.
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.
Chemlite Innovation Bhd's number of shares in issue this year was 600. Chemlite Innovation Bhd's number of shares in issue last year was 488.
==> 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.
Chemlite Innovation Bhd's gross margin of this year was 0.35478475. Chemlite Innovation Bhd's gross margin of last year was 0.31581741.
==> 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
Chemlite Innovation Bhd's asset turnover of this year was 0.59324013. Chemlite Innovation Bhd's asset turnover of last year was 0.5067513.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Chemlite Innovation Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Chemlite Innovation Bhd (XKLS:0348) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chemlite Innovation Bhd and its competitors. This is near median its historical median of 8.00. Over the past decade, Chemlite Innovation Bhd's Piotroski F-Score has ranged from 8.00 to 8.00. According to the industry distribution chart, Chemlite Innovation Bhd ranks #61 out of 2976 companies in the Industrial Products industry, placing it in the top 2%.
Is Chemlite Innovation Bhd's Piotroski F-Score too high?
Chemlite Innovation 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 Industrial Products industry median Piotroski F-Score is 5.00. Chemlite Innovation Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Chemlite Innovation Bhd ranks #61 out of 2976 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chemlite Innovation Bhd has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Chemlite Innovation Bhd's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Chemlite Innovation Bhd ranks #61 out of 2976 companies for Piotroski F-Score. This places Chemlite Innovation Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chemlite Innovation Bhd's value of 8 is 60% above this benchmark. Historically, Chemlite Innovation 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, Chemlite Innovation 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. Chemlite Innovation 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 Chemlite Innovation Bhd and its competitors. For the Industrial Products 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. Chemlite Innovation 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 Chemlite Innovation Bhd stock overvalued right now?
Chemlite Innovation Bhd (XKLS:0348) 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 Industrial Products industry median of 5.00. Chemlite Innovation Bhd's overall GF Score™ is 20/100 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 Chemlite Innovation Bhd (XKLS:0348), the current Piotroski F-Score is 8 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.
Chemlite Innovation Bhd operates in the engineering support industry. It provide surface finishing treatment services to companies operating in the semiconductor and E&E industries. It specialises in the provision of metal plating services on intermediate metal products, plating a composition of multi-layer metal coatings. It also provide non-metal plating services on intermediate metal products, which include anodising and other non-metal plating services. The company operates in two business segments: Metal plating and Non-metal plating. Key revenue is generated from Metal plating, which includes the deposition of additional layers of metal coatings onto the surface of the intermediate metal products. It generates maximum revenue from Malaysia.
20GF Score
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