ISF Group Bhd (XKLS:0390) Piotroski F-Score: 8 (As of Jul. 09, 2026) — Near Median


XKLS:0390 ISF Group Bhd XKLS:0390
18 GF Score
Price RM0.56
! 6 Warning Signs
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What is ISF Group Bhd Piotroski F-Score?

ISF Group Bhd XKLS:0390 -1.77% 18 Piotroski F-Score is 8 as of Jul. 09, 2026, which is at its 10-year median of 8.00. GuruFocus rates XKLS:0390 with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,731 Construction companies, ISF Group Bhd ranks better than 98.32% 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

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

XKLS:0390' s Piotroski F-Score Range Over the Past 10 Years
Min: 8   Med: 8   Max: 8
Current: 8

During the past 3 years, the highest Piotroski F-Score of ISF Group Bhd was 8. The lowest was 8. And the median was 8.

ISF Group Bhd  (XKLS:0390) 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.


ISF Group Bhd Piotroski F-Score Related Terms


ISF Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ISF 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.

ISF Group Bhd Piotroski F-Score Chart

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

ISF Group Bhd Semi-Annual Data
Dec22 Dec23 Dec24
Piotroski F-Score N/A N/A 8.00

XKLS:0390 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, ISF 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.


ISF Group Bhd Piotroski F-Score vs Construction Industry

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

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


XKLS:0390
18GF Score
ISF Group Bhd XKLS:0390
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was RM9.64 Mil.
Cash Flow from Operations was RM3.71 Mil.
Revenue was RM54.67 Mil.
Gross Profit was RM20.19 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (39.988 + 50.774) / 2 = RM45.381 Mil.
Total Assets at the begining of this year (Dec23) was RM39.99 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.96 Mil.
Total Current Assets was RM43.11 Mil.
Total Current Liabilities was RM33.15 Mil.
Net Income was RM4.38 Mil.

Revenue was RM38.71 Mil.
Gross Profit was RM11.82 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (32.494 + 39.988) / 2 = RM36.241 Mil.
Total Assets at the begining of last year (Dec22) was RM32.49 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.59 Mil.
Total Current Assets was RM26.41 Mil.
Total Current Liabilities was RM21.38 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.

ISF Group Bhd's current Net Income (TTM) was 9.64. ==> 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.

ISF Group Bhd's current Cash Flow from Operations (TTM) was 3.71. ==> 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 (Dec23)
=9.636/39.988
=0.24097229

ROA (Last Year)=Net Income/Total Assets (Dec22)
=4.381/32.494
=0.13482489

ISF Group Bhd's return on assets of this year was 0.24097229. ISF Group Bhd's return on assets of last year was 0.13482489. ==> 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.

ISF Group Bhd's current Net Income (TTM) was 9.64. ISF Group Bhd's current Cash Flow from Operations (TTM) was 3.71. ==> 3.71 <= 9.64 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.956/45.381
=0.06513739

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=3.585/36.241
=0.09892111

ISF Group Bhd's gearing of this year was 0.06513739. ISF Group Bhd's gearing of last year was 0.09892111. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=43.105/33.153
=1.300184

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=26.41/21.375
=1.23555556

ISF Group Bhd's current ratio of this year was 1.300184. ISF Group Bhd's current ratio of last year was 1.23555556. ==> 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.

ISF Group Bhd's number of shares in issue this year was 1000. ISF Group Bhd's number of shares in issue last year was 1000. ==> 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
=20.186/54.67
=0.36923358

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.823/38.705
=0.30546441

ISF Group Bhd's gross margin of this year was 0.36923358. ISF Group Bhd's gross margin of last year was 0.30546441. ==> 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 (Dec23)
=54.67/39.988
=1.36716015

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=38.705/32.494
=1.19114298

ISF Group Bhd's asset turnover of this year was 1.36716015. ISF Group Bhd's asset turnover of last year was 1.19114298. ==> 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+1+1+1+1
=8

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

ISF Group Bhd has an F-score of 8. 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 8 mean?
ISF Group Bhd (XKLS:0390) has a Piotroski F-Score of 8 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ISF Group Bhd and its competitors. This is near median its historical median of 8.00. Over the past decade, ISF Group Bhd's Piotroski F-Score has ranged from 8.00 to 8.00. According to the industry distribution chart, ISF Group Bhd ranks #29 out of 1731 companies in the Construction industry, placing it in the top 1.7%.
Is ISF Group Bhd's Piotroski F-Score too high?
ISF Group 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 Construction industry median Piotroski F-Score is 5.00. ISF Group Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, ISF Group Bhd ranks #29 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, ISF Group Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does ISF Group Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, ISF Group Bhd ranks #29 out of 1731 companies for Piotroski F-Score. This places ISF Group Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ISF Group Bhd's value of 8 is 60% above this benchmark. Historically, ISF Group 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, ISF 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 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. ISF Group 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 ISF Group 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. ISF Group 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 ISF Group Bhd stock overvalued right now?
ISF Group Bhd (XKLS:0390) 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 Construction industry median of 5.00. ISF Group Bhd's overall GF Score™ is 18/100 with 6 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 ISF Group Bhd (XKLS:0390), the current Piotroski F-Score is 8 as of Jul. 09, 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.

ISF Group Bhd Business Description

Address Jalan Parit Mesjid, 763, Taman Anggerik, Pontian, JHR, MYS, 82000
ISF Group Bhd is an investment holding company. The company, along with its subsidiaries, is principally involved in the business of supply and installation of piping systems for end-user premises as well as piping for water supply and sewer infrastructure and maintenance and repair of piping systems. The majority of the company's revenue is derived from the supply and installation of piping systems for end-user premises. Geographically, it derives the maximum revenue from Malaysia.
18GF Score

Get the complete analysis for XKLS:0390

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

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