Malayan Flour Mills Bhd (XKLS:3662) Piotroski F-Score: 8 (As of Jul. 12, 2026) — 33% Above Median


XKLS:3662 Malayan Flour Mills Bhd XKLS:3662
47 GF Score
Price RM0.59
GF Value RM0.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Malayan Flour Mills Bhd Piotroski F-Score?

Malayan Flour Mills Bhd XKLS:3662 47 Piotroski F-Score is 8 as of Jul. 12, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XKLS:3662 with a GF Score™ of 47/100 and a GF Value™ of RM0.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Malayan Flour Mills Bhd ranks better than 97.65% 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

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

XKLS:3662' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Malayan Flour Mills Bhd was 9. The lowest was 2. And the median was 6.

Malayan Flour Mills Bhd  (XKLS:3662) 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.


Malayan Flour Mills Bhd Piotroski F-Score Related Terms


Malayan Flour Mills Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Malayan Flour Mills 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.

Malayan Flour Mills Bhd Piotroski F-Score Chart

Malayan Flour Mills 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 4.00 6.00 7.00 9.00

Malayan Flour Mills 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 6.00 8.00 9.00 9.00 8.00

XKLS:3662 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Malayan Flour Mills 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.


Malayan Flour Mills Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XKLS:3662
47GF Score
Malayan Flour Mills Bhd XKLS:3662
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 28.068 + 35.788 + 42.997 + 42.481 = RM149 Mil.
Cash Flow from Operations was 140.275 + 59.596 + 14.162 + -171.565 = RM42 Mil.
Revenue was 800.227 + 773.052 + 877.567 + 741.434 = RM3,192 Mil.
Gross Profit was 70.721 + 84.327 + 88.423 + 84.293 = RM328 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2488.512 + 2349.093 + 2364.308 + 2440.146 + 2601.362) / 5 = RM2448.6842 Mil.
Total Assets at the begining of this year (Mar25) was RM2,489 Mil.
Long-Term Debt & Capital Lease Obligation was RM19 Mil.
Total Current Assets was RM1,432 Mil.
Total Current Liabilities was RM1,069 Mil.
Net Income was 18.827 + 7.343 + -5.954 + 33.089 = RM53 Mil.

Revenue was 751.9 + 799.221 + 818.611 + 799.29 = RM3,169 Mil.
Gross Profit was 57.56 + 63.508 + 96.2 + 76.859 = RM294 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2513.441 + 2528.8 + 2459.754 + 2556.457 + 2488.512) / 5 = RM2509.3928 Mil.
Total Assets at the begining of last year (Mar24) was RM2,513 Mil.
Long-Term Debt & Capital Lease Obligation was RM20 Mil.
Total Current Assets was RM1,347 Mil.
Total Current Liabilities was RM1,011 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.

Malayan Flour Mills Bhd's current Net Income (TTM) was 149. ==> 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.

Malayan Flour Mills Bhd's current Cash Flow from Operations (TTM) was 42. ==> 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)
=149.334/2488.512
=0.06000935

ROA (Last Year)=Net Income/Total Assets (Mar24)
=53.305/2513.441
=0.02120798

Malayan Flour Mills Bhd's return on assets of this year was 0.06000935. Malayan Flour Mills Bhd's return on assets of last year was 0.02120798. ==> 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.

Malayan Flour Mills Bhd's current Net Income (TTM) was 149. Malayan Flour Mills Bhd's current Cash Flow from Operations (TTM) was 42. ==> 42 <= 149 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=18.689/2448.6842
=0.00763226

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=20.008/2509.3928
=0.00797324

Malayan Flour Mills Bhd's gearing of this year was 0.00763226. Malayan Flour Mills Bhd's gearing of last year was 0.00797324. ==> 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
=1431.945/1068.985
=1.33953704

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1347.427/1010.86
=1.33295115

Malayan Flour Mills Bhd's current ratio of this year was 1.33953704. Malayan Flour Mills Bhd's current ratio of last year was 1.33295115. ==> 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.

Malayan Flour Mills Bhd's number of shares in issue this year was 1239.154. Malayan Flour Mills Bhd's number of shares in issue last year was 1239.154. ==> 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
=327.764/3192.28
=0.10267395

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=294.127/3169.022
=0.09281318

Malayan Flour Mills Bhd's gross margin of this year was 0.10267395. Malayan Flour Mills Bhd's gross margin of last year was 0.09281318. ==> 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)
=3192.28/2488.512
=1.28280675

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3169.022/2513.441
=1.26083007

Malayan Flour Mills Bhd's asset turnover of this year was 1.28280675. Malayan Flour Mills Bhd's asset turnover of last year was 1.26083007. ==> 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

Malayan Flour Mills 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?
Malayan Flour Mills Bhd (XKLS:3662) has a Piotroski F-Score of 8 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Malayan Flour Mills Bhd and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Malayan Flour Mills Bhd's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Malayan Flour Mills Bhd ranks #45 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Malayan Flour Mills Bhd's Piotroski F-Score too high?
Malayan Flour Mills Bhd's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Malayan Flour Mills Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Malayan Flour Mills Bhd ranks #45 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Malayan Flour Mills Bhd has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Flour Mills Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Malayan Flour Mills Bhd ranks #45 out of 1914 companies for Piotroski F-Score. This places Malayan Flour Mills Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Malayan Flour Mills Bhd's value of 8 is 60% above this benchmark. Historically, Malayan Flour Mills Bhd's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Malayan Flour Mills 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 1,914 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. Malayan Flour Mills 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 Malayan Flour Mills 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. Malayan Flour Mills Bhd's current Piotroski F-Score is 8, which is 33% above 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 Malayan Flour Mills Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Flour Mills Bhd (XKLS:3662) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.66, compared to a current price of RM0.59 — trading 11.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Consumer Packaged Goods industry median of 5.00. Malayan Flour Mills Bhd's overall GF Score™ is 47/100 with 3 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 Malayan Flour Mills Bhd (XKLS:3662), the current Piotroski F-Score is 8 as of Jul. 12, 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 Malayan Flour Mills Bhd (XKLS:3662) Overvalued in 2026?

Based on GuruFocus' analysis, Malayan Flour Mills Bhd stock appears to be undervalued. The current stock price of RM0.59 is trading 11.4% below its estimated GF Value™ of RM0.66. GuruFocus considers Malayan Flour Mills Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:3662:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: RM0.66 vs. price of RM0.59 (11.4% below fair value)
  • GF Score™: 47/100 with 3 warning signs
  • Industry Position: 60% above the Consumer Packaged Goods median (#45 of 1914)

No single metric tells the full story. See the XKLS:3662 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malayan Flour Mills Bhd Business Description

Address 165 Jalan Ampang, Suite 25.01, Level 25, Menara Citibank, Kuala Lumpur, SGR, MYS, 50450
Malayan Flour Mills Bhd is engaged in the flour milling industry in Malaysia. It has three operating segments; Flour and grain trading segment includes Milling and selling wheat flour and trading in grain and other allied products, Poultry integration segment includes Manufacture and sale of animal feeds, processing and sale of poultry products, poultry grow-out farm, breeding and sale of day-old-chicks and contract farming activities, and Other segment include Manufacture and sale of aqua feeds, re-measurement of contingent consideration receivable and provision for profit guarantee payment. The company generstes maximum revenue from the Flour and grains trading segment. Geographically, Malaysia generates a majority of the revenue for the company.
47GF Score

Get the complete analysis for XKLS:3662

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

RM0.59
Price
RM0.66
GF Value