BMS Holdings Bhd (XKLS:0385) Piotroski F-Score: 6 (As of Jul. 04, 2026) — 14% Below Median


XKLS:0385 BMS Holdings Bhd XKLS:0385
15 GF Score
Price RM0.15
! 2 Warning Signs
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What is BMS Holdings Bhd Piotroski F-Score?

BMS Holdings Bhd XKLS:0385 15 Piotroski F-Score is 6 as of Jul. 04, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XKLS:0385 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 393 Building Materials companies, BMS Holdings Bhd ranks better than 67.94% 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

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

XKLS:0385' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 6

During the past 4 years, the highest Piotroski F-Score of BMS Holdings Bhd was 7. The lowest was 6. And the median was 7.

BMS Holdings Bhd  (XKLS:0385) 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.


BMS Holdings Bhd Piotroski F-Score Related Terms


BMS Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BMS Holdings 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.

BMS Holdings Bhd Piotroski F-Score Chart

BMS Holdings Bhd Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 7.00 6.00

BMS Holdings Bhd Semi-Annual Data
Jun22 Jun23 Jun24 Jun25 Dec25
Piotroski F-Score N/A N/A 7.00 6.00 0.00

XKLS:0385 vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, BMS Holdings 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.


BMS Holdings Bhd Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, BMS Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:0385
15GF Score
BMS Holdings Bhd XKLS:0385
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was RM21.5 Mil.
Cash Flow from Operations was RM21.4 Mil.
Revenue was RM320.2 Mil.
Gross Profit was RM112.4 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (309.398 + 410.206) / 2 = RM359.802 Mil.
Total Assets at the begining of this year (Jun24) was RM309.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM53.4 Mil.
Total Current Assets was RM240.0 Mil.
Total Current Liabilities was RM87.3 Mil.
Net Income was RM21.2 Mil.

Revenue was RM293.9 Mil.
Gross Profit was RM100.2 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (280.177 + 309.398) / 2 = RM294.7875 Mil.
Total Assets at the begining of last year (Jun23) was RM280.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM51.2 Mil.
Total Current Assets was RM151.8 Mil.
Total Current Liabilities was RM74.1 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.

BMS Holdings Bhd's current Net Income (TTM) was 21.5. ==> 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.

BMS Holdings Bhd's current Cash Flow from Operations (TTM) was 21.4. ==> 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 (Jun24)
=21.469/309.398
=0.06938959

ROA (Last Year)=Net Income/Total Assets (Jun23)
=21.231/280.177
=0.0757771

BMS Holdings Bhd's return on assets of this year was 0.06938959. BMS Holdings Bhd's return on assets of last year was 0.0757771. ==> Last year is higher ==> Score 0.

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.

BMS Holdings Bhd's current Net Income (TTM) was 21.5. BMS Holdings Bhd's current Cash Flow from Operations (TTM) was 21.4. ==> 21.4 <= 21.5 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=53.384/359.802
=0.14837049

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=51.242/294.7875
=0.17382691

BMS Holdings Bhd's gearing of this year was 0.14837049. BMS Holdings Bhd's gearing of last year was 0.17382691. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=239.987/87.272
=2.74987396

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=151.844/74.088
=2.04950869

BMS Holdings Bhd's current ratio of this year was 2.74987396. BMS Holdings Bhd's current ratio of last year was 2.04950869. ==> 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.

BMS Holdings Bhd's number of shares in issue this year was 1540. BMS Holdings Bhd's number of shares in issue last year was 1540. ==> 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
=112.426/320.181
=0.35113264

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=100.248/293.922
=0.34107008

BMS Holdings Bhd's gross margin of this year was 0.35113264. BMS Holdings Bhd's gross margin of last year was 0.34107008. ==> 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 (Jun24)
=320.181/309.398
=1.03485155

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=293.922/280.177
=1.04905827

BMS Holdings Bhd's asset turnover of this year was 1.03485155. BMS Holdings Bhd's asset turnover of last year was 1.04905827. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+1+1+1+0
=6

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

BMS Holdings 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?
BMS Holdings Bhd (XKLS:0385) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BMS Holdings Bhd and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, BMS Holdings Bhd's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, BMS Holdings Bhd ranks #126 out of 393 companies in the Building Materials industry, placing it in the top 32.1%.
Is BMS Holdings Bhd's Piotroski F-Score too high?
BMS Holdings 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 7.00. The Building Materials industry median Piotroski F-Score is 5.00. BMS Holdings Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, BMS Holdings Bhd ranks #126 out of 393 companies in the Building Materials industry, which is above the industry midpoint. Overall, BMS Holdings Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does BMS Holdings Bhd's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, BMS Holdings Bhd ranks #126 out of 393 companies for Piotroski F-Score. This puts BMS Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. BMS Holdings Bhd's value of 6 is 20% above this benchmark. Historically, BMS Holdings Bhd's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, BMS Holdings 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 393 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. BMS Holdings 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 BMS Holdings Bhd and its competitors. For the Building Materials 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. BMS Holdings 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 BMS Holdings Bhd stock overvalued right now?
BMS Holdings Bhd (XKLS:0385) 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 Building Materials industry median of 5.00. BMS Holdings Bhd's overall GF Score™ is 15/100 with 2 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 BMS Holdings Bhd (XKLS:0385), the current Piotroski F-Score is 6 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.

BMS Holdings Bhd Business Description

Address No. 6, Jalan Kencana Emas 2/1, Kawasan Perindustrian Tebrau III, Johor Bahru, JHR, MYS, 81100
BMS Holdings Bhd is principally an investment holding company. Through its subsidiaries, it is involved in retailing, wholesaling and project sales of tiles and stone surfaces. The company offers a wide range of tiles and stone surfaces including porcelain and ceramic tiles, stone surfaces made from natural stones such as marble, limestone and granite as well as engineered stones, and mosaic tiles. In addition, it also offer bathware and kitchenware. The company's business segments include: i) Retail, ii) Wholesale, and iii) Project. The majority of revenue is generated from the retail segment through the sale of tiles and stone surfaces, as well as bathware and kitchenware.
15GF Score

Get the complete analysis for XKLS:0385

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

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