Fima Bhd (XKLS:3107) Piotroski F-Score: 7 (As of Jul. 05, 2026) — Near Median


XKLS:3107 Fima Corp Bhd XKLS:3107
59 GF Score
Price RM1.69
GF Value RM1.46
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Fima Bhd Piotroski F-Score?

Fima Bhd XKLS:3107 -0.59% 59 Piotroski F-Score is 7 as of Jul. 05, 2026, which is at its 10-year median of 7.00. GuruFocus rates XKLS:3107 with a GF Score™ of 59/100 and a GF Value™ of RM1.46 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,065 Business Services companies, Fima Bhd ranks better than 88.92% 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

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

XKLS:3107' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Fima Bhd was 7. The lowest was 4. And the median was 7.

Fima Bhd  (XKLS:3107) 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.


Fima Bhd Piotroski F-Score Related Terms


Fima Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fima 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.

Fima Bhd Piotroski F-Score Chart

Fima Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 5.00 5.00 7.00

Fima 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 5.00 5.00 6.00 8.00 7.00

XKLS:3107 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Fima 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.


Fima Bhd Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Fima Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:3107
59GF Score
Fima Corp Bhd XKLS:3107
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 5.163 + 15.773 + 3.119 + -2.652 = RM21.4 Mil.
Cash Flow from Operations was 34.556 + 16.428 + 9.78 + 13.423 = RM74.2 Mil.
Revenue was 38.77 + 95.054 + 41.415 + 33.943 = RM209.2 Mil.
Gross Profit was 21.958 + 50.147 + 16.351 + 16.843 = RM105.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(711.745 + 706.695 + 704.141 + 690.382 + 675.367) / 5 = RM697.666 Mil.
Total Assets at the begining of this year (Mar25) was RM711.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM85.8 Mil.
Total Current Assets was RM165.4 Mil.
Total Current Liabilities was RM23.3 Mil.
Net Income was 7.742 + 6.921 + 4.568 + 12.538 = RM31.8 Mil.

Revenue was 38.514 + 53.361 + 83.997 + 60.916 = RM236.8 Mil.
Gross Profit was 24.941 + 25.089 + 20.714 + 32.16 = RM102.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(713.596 + 709.118 + 695.334 + 703.576 + 711.745) / 5 = RM706.6738 Mil.
Total Assets at the begining of last year (Mar24) was RM713.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM89.8 Mil.
Total Current Assets was RM199.7 Mil.
Total Current Liabilities was RM32.5 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.

Fima Bhd's current Net Income (TTM) was 21.4. ==> 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.

Fima Bhd's current Cash Flow from Operations (TTM) was 74.2. ==> 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)
=21.403/711.745
=0.03007116

ROA (Last Year)=Net Income/Total Assets (Mar24)
=31.769/713.596
=0.04451959

Fima Bhd's return on assets of this year was 0.03007116. Fima Bhd's return on assets of last year was 0.04451959. ==> 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.

Fima Bhd's current Net Income (TTM) was 21.4. Fima Bhd's current Cash Flow from Operations (TTM) was 74.2. ==> 74.2 > 21.4 ==> 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
=85.791/697.666
=0.12296858

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=89.773/706.6738
=0.12703598

Fima Bhd's gearing of this year was 0.12296858. Fima Bhd's gearing of last year was 0.12703598. ==> 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
=165.39/23.28
=7.10438144

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=199.667/32.549
=6.13435129

Fima Bhd's current ratio of this year was 7.10438144. Fima Bhd's current ratio of last year was 6.13435129. ==> 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.

Fima Bhd's number of shares in issue this year was 236.931. Fima Bhd's number of shares in issue last year was 237.005. ==> 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
=105.299/209.182
=0.50338461

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=102.904/236.788
=0.43458283

Fima Bhd's gross margin of this year was 0.50338461. Fima Bhd's gross margin of last year was 0.43458283. ==> 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 (Mar25)
=209.182/711.745
=0.2939002

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=236.788/713.596
=0.33182361

Fima Bhd's asset turnover of this year was 0.2939002. Fima Bhd's asset turnover of last year was 0.33182361. ==> 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

Fima 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?
Fima Bhd (XKLS:3107) has a Piotroski F-Score of 7 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fima Bhd and its competitors. This is near median its historical median of 7.00. Over the past decade, Fima Bhd's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Fima Bhd ranks #118 out of 1065 companies in the Business Services industry, placing it in the top 11.1%.
Is Fima Bhd's Piotroski F-Score too high?
Fima 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 4.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Fima Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, Fima Bhd ranks #118 out of 1065 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fima Bhd has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fima Bhd's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fima Bhd ranks #118 out of 1065 companies for Piotroski F-Score. This places Fima Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fima Bhd's value of 7 is 40% above this benchmark. Historically, Fima Bhd's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Fima 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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. Fima 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 Fima Bhd and its competitors. For the Business Services 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. Fima 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 Fima Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fima Bhd (XKLS:3107) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.46, compared to a current price of RM1.69 — trading 15.8% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. Fima Bhd's overall GF Score™ is 59/100 with 7 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 Fima Bhd (XKLS:3107), the current Piotroski F-Score is 7 as of Jul. 05, 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 Fima Bhd (XKLS:3107) Overvalued in 2026?

Based on GuruFocus' analysis, Fima Bhd stock appears to be overvalued. The current stock price of RM1.69 is trading 15.8% above its estimated GF Value™ of RM1.46. GuruFocus considers Fima Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:3107:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: RM1.46 vs. price of RM1.69 (15.8% above fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 40% above the Business Services median (#118 of 1065)

No single metric tells the full story. See the XKLS:3107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fima Bhd Business Description

Address No. 45, Jalan Medan Setia 1, Suite 4.1, Level 4, Block C, Plaza Damansara, Bukit Damansara, Kuala Lumpur, SGR, MYS, 50490
Fima Corp Bhd is a Malaysia-based investment holding company. It operates through three business segments, namely Production and Trading, Plantation, Investment Holding, and Property Management. The Production and trading segment, which is the key revenue generator, is involved in the production and trading of security and confidential documents. The plantation segment comprises oil palm production and processing activities. Its Investment holding and property management segment consists of investment holding, rental, and management of commercial properties. The company's geographical segments comprise Malaysia and Indonesia, out of which the majority of the revenue comes from Malaysia.
59GF Score

Get the complete analysis for XKLS:3107

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

RM1.69
Price
RM1.46
GF Value