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Berjaya Assets BhdXKLS:3239 -1.67%20 Piotroski F-Score is 6 as of Jul. 14, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XKLS:3239 with a GF Score™ of 20/100 and a GF Value™ of RM0.36 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 560 Conglomerates companies, Berjaya Assets Bhd ranks better than 72.14% 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
Berjaya Assets 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 Berjaya Assets Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:3239'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Berjaya Assets Bhd was 7. The lowest was 3. And the median was 4.
Berjaya Assets Bhd (XKLS:3239) 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.
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.
Berjaya Assets Bhd Piotroski F-Score Related Terms
Berjaya Assets Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Berjaya Assets 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.
XKLS:3239 vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, Berjaya Assets 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.
Berjaya Assets Bhd Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Berjaya Assets Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Berjaya Assets Bhd's Piotroski F-Score falls into.
* 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.
*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.
Berjaya Assets Bhd's current Net Income (TTM) was 36.9.
==> 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.
Berjaya Assets Bhd's return on assets of this year was 0.01222. Berjaya Assets Bhd's return on assets of last year was -0.01072919.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Berjaya Assets Bhd's gearing of this year was 0.0907088. Berjaya Assets Bhd's gearing of last year was 0.07414012.
==> Last year is lower than this year ==> Score 0.
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
Berjaya Assets Bhd's current ratio of this year was 0.7606522. Berjaya Assets Bhd's current ratio of last year was 0.88467809.
==> Last year's current ratio is higher ==> Score 0.
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.
Berjaya Assets Bhd's number of shares in issue this year was 2558.276. Berjaya Assets Bhd's number of shares in issue last year was 2558.276.
==> 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.
Berjaya Assets Bhd's gross margin of this year was 1. Berjaya Assets Bhd's gross margin of last year was 1.
==> 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
Berjaya Assets Bhd's asset turnover of this year was 0.09622463. Berjaya Assets Bhd's asset turnover of last year was 0.08242283.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Berjaya Assets Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Berjaya Assets Bhd (XKLS:3239) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Berjaya Assets Bhd and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Berjaya Assets Bhd's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Berjaya Assets Bhd ranks #156 out of 560 companies in the Conglomerates industry, placing it in the top 27.9%.
Is Berjaya Assets Bhd's Piotroski F-Score too high?
Berjaya Assets Bhd's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Berjaya Assets Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Berjaya Assets Bhd ranks #156 out of 560 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Berjaya Assets Bhd has a GF Score™ of 20/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Assets Bhd's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Berjaya Assets Bhd ranks #156 out of 560 companies for Piotroski F-Score. This puts Berjaya Assets Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Berjaya Assets Bhd's value of 6 is 20% above this benchmark. Historically, Berjaya Assets Bhd's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Berjaya Assets 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 560 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. Berjaya Assets 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 Berjaya Assets Bhd and its competitors. For the Conglomerates 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. Berjaya Assets Bhd's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Assets Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Assets Bhd (XKLS:3239) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.30 — trading 18.1% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Conglomerates industry median of 5.00. Berjaya Assets Bhd's overall GF Score™ is 20/100 with 4 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 Berjaya Assets Bhd (XKLS:3239), the current Piotroski F-Score is 6 as of Jul. 14, 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 Berjaya Assets Bhd (XKLS:3239) Overvalued in 2026?
Based on GuruFocus' analysis, Berjaya Assets Bhd stock appears to be undervalued.
The current stock price of RM0.30 is trading 18.1% below its estimated GF Value™ of RM0.36.
GuruFocus considers Berjaya Assets Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:3239:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: RM0.36 vs. price of RM0.30 (18.1% below fair value)
Industry Position: 20% above the Conglomerates median (#156 of 560)
No single metric tells the full story. See the XKLS:3239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.
20GF Score
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