Malayan Cement BhdXKLS:3794 +0.47%75 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XKLS:3794 with a GF Score™ of 75/100 and a GF Value™ of RM5.51 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 394 Building Materials companies, Malayan Cement Bhd ranks better than 97.21% 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 Cement 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 Cement Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:3794'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Malayan Cement Bhd was 8. The lowest was 2. And the median was 6.
Malayan Cement Bhd (XKLS:3794) 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.
Malayan Cement Bhd Piotroski F-Score Related Terms
Malayan Cement Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Malayan Cement 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:3794 vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Malayan Cement 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 Cement Bhd Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Malayan Cement 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 165.419 + 200.568 + 232.982 + 246.701 = RM846 Mil. Cash Flow from Operations was 345.976 + 277.611 + 339.828 + 317.69 = RM1,281 Mil. Revenue was 1109.377 + 1215.356 + 1262.205 + 1223.773 = RM4,811 Mil. Gross Profit was 467.734 + 476.992 + 545.681 + 539.552 = RM2,030 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(10682.569 + 10717.194 + 11020.487 + 11042.206 + 11124.052) / 5 = RM10917.3016 Mil. Total Assets at the begining of this year (Mar25) was RM10,683 Mil. Long-Term Debt & Capital Lease Obligation was RM2,332 Mil. Total Current Assets was RM2,653 Mil. Total Current Liabilities was RM1,105 Mil.
Net Income was 110.175 + 139.44 + 184.684 + 182.842 = RM617 Mil.
Revenue was 1041.403 + 1170.423 + 1153.145 + 1095.245 = RM4,460 Mil. Gross Profit was 455.234 + 403.234 + 399.39 + 447.92 = RM1,706 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(10652.035 + 10690.072 + 10718.489 + 10842.497 + 10682.569) / 5 = RM10717.1324 Mil. Total Assets at the begining of last year (Mar24) was RM10,652 Mil. Long-Term Debt & Capital Lease Obligation was RM2,337 Mil. Total Current Assets was RM2,126 Mil. Total Current Liabilities was RM1,316 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 Cement Bhd's current Net Income (TTM) was 846.
==> 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.
Malayan Cement Bhd's return on assets of this year was 0.07916354. Malayan Cement Bhd's return on assets of last year was 0.05793644.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Malayan Cement Bhd's gearing of this year was 0.21359701. Malayan Cement Bhd's gearing of last year was 0.21803015.
==> 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
Malayan Cement Bhd's current ratio of this year was 2.40055705. Malayan Cement Bhd's current ratio of last year was 1.61590597.
==> 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 Cement Bhd's number of shares in issue this year was 1919.621. Malayan Cement Bhd's number of shares in issue last year was 1874.415.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Malayan Cement Bhd's gross margin of this year was 0.42196652. Malayan Cement Bhd's gross margin of last year was 0.38244291.
==> 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
Malayan Cement Bhd's asset turnover of this year was 0.45033278. Malayan Cement Bhd's asset turnover of last year was 0.41871962.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Malayan Cement Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Malayan Cement Bhd (XKLS:3794) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Malayan Cement Bhd and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Malayan Cement Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Malayan Cement Bhd ranks #11 out of 394 companies in the Building Materials industry, placing it in the top 2.8%.
Is Malayan Cement Bhd's Piotroski F-Score too high?
Malayan Cement 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 8.00. The Building Materials industry median Piotroski F-Score is 5.00. Malayan Cement Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Malayan Cement Bhd ranks #11 out of 394 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Malayan Cement Bhd has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Malayan Cement Bhd ranks #11 out of 394 companies for Piotroski F-Score. This places Malayan Cement Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Malayan Cement Bhd's value of 8 is 60% above this benchmark. Historically, Malayan Cement Bhd's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Malayan Cement 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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 Cement 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 Cement Bhd and its competitors. For the Building Materials 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 Cement 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 Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.51, compared to a current price of RM6.41 — trading 16.3% above 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 Building Materials industry median of 5.00. Malayan Cement Bhd's overall GF Score™ is 75/100 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 Cement Bhd (XKLS:3794), the current Piotroski F-Score is 8 as of Jun. 27, 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 Cement Bhd (XKLS:3794) Overvalued in 2026?
Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued.
The current stock price of RM6.41 is trading 16.3% above its estimated GF Value™ of RM5.51.
GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:3794:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: RM5.51 vs. price of RM6.41 (16.3% above fair value)
Industry Position: 60% above the Building Materials median (#11 of 394)
No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
75GF Score
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