Inspace Creation Bhd (XKLS:0451) Piotroski F-Score: 7 (As of Aug. 09, 2026) — Near Median

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XKLS:0451 Inspace Creation Bhd XKLS:0451
19 GF Score
Price RM0.21
! 1 Warning Sign
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What is Inspace Creation Bhd Piotroski F-Score?

Inspace Creation Bhd XKLS:0451 19 Piotroski F-Score is 7 as of Aug. 09, 2026, which is at its 10-year median of 7.00. GuruFocus rates XKLS:0451 with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 1,736 Construction companies, Inspace Creation Bhd ranks better than 89.29% 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

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

XKLS:0451' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

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

Inspace Creation Bhd  (XKLS:0451) 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.


Inspace Creation Bhd Piotroski F-Score Related Terms


Inspace Creation Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Inspace Creation 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.

Inspace Creation Bhd Piotroski F-Score Chart

Inspace Creation Bhd Annual Data
Trend Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
N/A N/A 7.00 7.00

Inspace Creation Bhd Semi-Annual Data
Nov22 Nov23 Nov24 Nov25 May26
Piotroski F-Score N/A N/A 7.00 7.00 0.00

XKLS:0451 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Inspace Creation 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.


Inspace Creation Bhd Piotroski F-Score vs Construction Industry

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

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


XKLS:0451
19GF Score
Inspace Creation Bhd XKLS:0451
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was RM8.11 Mil.
Cash Flow from Operations was RM10.94 Mil.
Revenue was RM78.60 Mil.
Gross Profit was RM24.15 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (42.442 + 47.756) / 2 = RM45.099 Mil.
Total Assets at the begining of this year (Nov24) was RM42.44 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.04 Mil.
Total Current Assets was RM40.99 Mil.
Total Current Liabilities was RM16.06 Mil.
Net Income was RM6.75 Mil.

Revenue was RM57.75 Mil.
Gross Profit was RM15.97 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (21.979 + 42.442) / 2 = RM32.2105 Mil.
Total Assets at the begining of last year (Nov23) was RM21.98 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.74 Mil.
Total Current Assets was RM35.29 Mil.
Total Current Liabilities was RM26.98 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.

Inspace Creation Bhd's current Net Income (TTM) was 8.11. ==> 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.

Inspace Creation Bhd's current Cash Flow from Operations (TTM) was 10.94. ==> 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 (Nov24)
=8.112/42.442
=0.19113143

ROA (Last Year)=Net Income/Total Assets (Nov23)
=6.75/21.979
=0.30711133

Inspace Creation Bhd's return on assets of this year was 0.19113143. Inspace Creation Bhd's return on assets of last year was 0.30711133. ==> 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.

Inspace Creation Bhd's current Net Income (TTM) was 8.11. Inspace Creation Bhd's current Cash Flow from Operations (TTM) was 10.94. ==> 10.94 > 8.11 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=2.037/45.099
=0.0451673

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=5.741/32.2105
=0.17823381

Inspace Creation Bhd's gearing of this year was 0.0451673. Inspace Creation Bhd's gearing of last year was 0.17823381. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=40.991/16.055
=2.55316101

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=35.292/26.984
=1.30788615

Inspace Creation Bhd's current ratio of this year was 2.55316101. Inspace Creation Bhd's current ratio of last year was 1.30788615. ==> 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.

Inspace Creation Bhd's number of shares in issue this year was 369.302. Inspace Creation Bhd's number of shares in issue last year was 369.302. ==> 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
=24.15/78.603
=0.30724018

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15.974/57.745
=0.27663001

Inspace Creation Bhd's gross margin of this year was 0.30724018. Inspace Creation Bhd's gross margin of last year was 0.27663001. ==> 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 (Nov24)
=78.603/42.442
=1.8520098

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=57.745/21.979
=2.62728059

Inspace Creation Bhd's asset turnover of this year was 1.8520098. Inspace Creation Bhd's asset turnover of last year was 2.62728059. ==> 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+1+1+1+1+1+0
=7

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

Inspace Creation 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?
Inspace Creation Bhd (XKLS:0451) has a Piotroski F-Score of 7 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Inspace Creation Bhd and its competitors. This is near median its historical median of 7.00. Over the past decade, Inspace Creation Bhd's Piotroski F-Score has ranged from 7.00 to 7.00. According to the industry distribution chart, Inspace Creation Bhd ranks #186 out of 1736 companies in the Construction industry, placing it in the top 10.7%.
Is Inspace Creation Bhd's Piotroski F-Score too high?
Inspace Creation Bhd's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Inspace Creation Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, Inspace Creation Bhd ranks #186 out of 1736 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Inspace Creation Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Inspace Creation Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Inspace Creation Bhd ranks #186 out of 1736 companies for Piotroski F-Score. This places Inspace Creation Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Inspace Creation Bhd's value of 7 is 40% above this benchmark. Historically, Inspace Creation Bhd's own Piotroski F-Score has ranged from 7.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Inspace Creation 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 1,736 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. Inspace Creation 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 Inspace Creation 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. Inspace Creation Bhd's current Piotroski F-Score is 7, which is near 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 Inspace Creation Bhd stock overvalued right now?
Inspace Creation Bhd (XKLS:0451) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. Inspace Creation Bhd's overall GF Score™ is 19/100 with 1 warning sign 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 Inspace Creation Bhd (XKLS:0451), the current Piotroski F-Score is 7 as of Aug. 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.

Inspace Creation Bhd Business Description

Inspace Creation Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the provision of interior fitting-out services, which include project planning and management, design conceptualisation and build as well as servicing and maintenance works. The company's offerings include project planning and management, design, construction, and maintenance works. Its services are focused on commercial offices and related spaces. It operates in a single industry segment of interior fitting-out services, including project management. The company's revenue was derived entirely from the provision of interior fitting-out services. Geographically, it operates predominantly in Malaysia.
19GF Score

Get the complete analysis for XKLS:0451

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

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