Kretam Holdings Bhd (XKLS:1996) Piotroski F-Score: 6 (As of Jun. 25, 2026) — Near Median


XKLS:1996 Kretam Holdings Bhd XKLS:1996
60 GF Score
Price RM0.67
GF Value RM0.65
Valuation Fairly Valued
! 5 Warning Signs
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What is Kretam Holdings Bhd Piotroski F-Score?

Kretam Holdings Bhd XKLS:1996 -0.74% 60 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates XKLS:1996 with a GF Score™ of 60/100 and a GF Value™ of RM0.65 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Kretam Holdings Bhd ranks better than 73.27% 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

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

XKLS:1996' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kretam Holdings Bhd was 9. The lowest was 3. And the median was 6.

Kretam Holdings Bhd  (XKLS:1996) 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.


Kretam Holdings Bhd Piotroski F-Score Related Terms


Kretam Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kretam 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.

Kretam Holdings Bhd Piotroski F-Score Chart

Kretam Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 6.00 7.00

Kretam Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 6.00 7.00 7.00 6.00

XKLS:1996 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Kretam 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.


Kretam Holdings Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kretam Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:1996
60GF Score
Kretam Holdings Bhd XKLS:1996
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 -33.896 + 98.71 + -28.993 + 5.07 = RM40.9 Mil.
Cash Flow from Operations was 48.41 + 23.72 + 45.224 + 60.651 = RM178.0 Mil.
Revenue was 187.387 + 213.207 + 211.263 + 182.095 = RM794.0 Mil.
Gross Profit was 35.208 + 40.662 + 43.307 + 25.864 = RM145.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1275.384 + 1225.75 + 1339.802 + 1313.971 + 1287.781) / 5 = RM1288.5376 Mil.
Total Assets at the begining of this year (Mar25) was RM1,275.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM26.0 Mil.
Total Current Assets was RM509.9 Mil.
Total Current Liabilities was RM94.8 Mil.
Net Income was 35.234 + 47.276 + 75.899 + 28.043 = RM186.5 Mil.

Revenue was 160.328 + 160.373 + 233.339 + 167.099 = RM721.1 Mil.
Gross Profit was 25.387 + 24.924 + 62.74 + 34.239 = RM147.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1137.01 + 1152.387 + 1208.497 + 1284.09 + 1275.384) / 5 = RM1211.4736 Mil.
Total Assets at the begining of last year (Mar24) was RM1,137.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM29.9 Mil.
Total Current Assets was RM427.3 Mil.
Total Current Liabilities was RM90.0 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.

Kretam Holdings Bhd's current Net Income (TTM) was 40.9. ==> 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.

Kretam Holdings Bhd's current Cash Flow from Operations (TTM) was 178.0. ==> 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)
=40.891/1275.384
=0.03206172

ROA (Last Year)=Net Income/Total Assets (Mar24)
=186.452/1137.01
=0.16398449

Kretam Holdings Bhd's return on assets of this year was 0.03206172. Kretam Holdings Bhd's return on assets of last year was 0.16398449. ==> 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.

Kretam Holdings Bhd's current Net Income (TTM) was 40.9. Kretam Holdings Bhd's current Cash Flow from Operations (TTM) was 178.0. ==> 178.0 > 40.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=25.969/1288.5376
=0.02015386

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=29.942/1211.4736
=0.02471535

Kretam Holdings Bhd's gearing of this year was 0.02015386. Kretam Holdings Bhd's gearing of last year was 0.02471535. ==> 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
=509.943/94.806
=5.37880514

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=427.341/89.958
=4.75045021

Kretam Holdings Bhd's current ratio of this year was 5.37880514. Kretam Holdings Bhd's current ratio of last year was 4.75045021. ==> 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.

Kretam Holdings Bhd's number of shares in issue this year was 2295.078. Kretam Holdings Bhd's number of shares in issue last year was 2298.607. ==> 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
=145.041/793.952
=0.18268233

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=147.29/721.139
=0.20424634

Kretam Holdings Bhd's gross margin of this year was 0.18268233. Kretam Holdings Bhd's gross margin of last year was 0.20424634. ==> Last year's gross margin is higher ==> Score 0.

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)
=793.952/1275.384
=0.62251996

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=721.139/1137.01
=0.63424156

Kretam Holdings Bhd's asset turnover of this year was 0.62251996. Kretam Holdings Bhd's asset turnover of last year was 0.63424156. ==> 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+0+0
=6

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

Kretam 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?
Kretam Holdings Bhd (XKLS:1996) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kretam Holdings Bhd and its competitors. This is near median its historical median of 6.00. Over the past decade, Kretam Holdings Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Kretam Holdings Bhd ranks #511 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Kretam Holdings Bhd's Piotroski F-Score too high?
Kretam Holdings Bhd's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kretam Holdings Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Kretam Holdings Bhd ranks #511 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Kretam Holdings Bhd has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kretam Holdings Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Kretam Holdings Bhd ranks #511 out of 1912 companies for Piotroski F-Score. This puts Kretam Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kretam Holdings Bhd's value of 6 is 20% above this benchmark. Historically, Kretam Holdings Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kretam 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Kretam 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 Kretam Holdings Bhd and its competitors. For the Consumer Packaged Goods 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. Kretam Holdings Bhd's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kretam Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kretam Holdings Bhd (XKLS:1996) is currently considered Fairly Valued. The stock's GF Value™ is RM0.65, compared to a current price of RM0.67 — trading 3.1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Kretam Holdings Bhd's overall GF Score™ is 60/100 with 5 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 Kretam Holdings Bhd (XKLS:1996), the current Piotroski F-Score is 6 as of Jun. 25, 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.

Is Kretam Holdings Bhd (XKLS:1996) Overvalued in 2026?

Based on GuruFocus' analysis, Kretam Holdings Bhd stock appears to be overvalued. The current stock price of RM0.67 is trading 3.1% above its estimated GF Value™ of RM0.65. GuruFocus considers Kretam Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:1996:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: RM0.65 vs. price of RM0.67 (3.1% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#511 of 1912)

No single metric tells the full story. See the XKLS:1996 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kretam Holdings Bhd Business Description

Address Lot 6, Block 44, Leboh Tiga, Sandakan, SBH, MYS, 90000
Kretam Holdings Bhd is a Sabah-based medium-sized oil palm plantation company. The company operates through two segments, namely Plantation, Mills, and Refinery. Its Plantation and mill segment is involved in the business of cultivation and sale of oil palm products. The Refinery segment, which generates the majority of revenue, engages in refining crude palm oil and producing biofuels. The majority of revenue is generated from the refinery segment. The company's geographical area of operations includes Malaysia, Spain, Germany, and the Netherlands. The majority of its revenue is generated from Malaysia.
60GF Score

Get the complete analysis for XKLS:1996

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

RM0.67
Price
RM0.65
GF Value