Lion Industries Bhd (XKLS:4235) Piotroski F-Score: 1 (As of Jul. 01, 2026) — 75% Below Median


XKLS:4235 Lion Industries Corp Bhd XKLS:4235
19 GF Score
Price RM0.11
GF Value RM0.14
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Lion Industries Bhd Piotroski F-Score?

Lion Industries Bhd XKLS:4235 -4.35% 19 Piotroski F-Score is 1 as of Jul. 01, 2026, which is 75% below its 10-year median of 4.00. GuruFocus rates XKLS:4235 with a GF Score™ of 19/100 and a GF Value™ of RM0.14 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 621 Steel companies, Lion Industries Bhd ranks worse than 98.87% on this metric.

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Lion Industries Bhd has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Lion Industries Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:4235' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 1

During the past 13 years, the highest Piotroski F-Score of Lion Industries Bhd was 8. The lowest was 1. And the median was 4.

Lion Industries Bhd  (XKLS:4235) 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.


Lion Industries Bhd Piotroski F-Score Related Terms


Lion Industries Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lion Industries 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.

Lion Industries Bhd Piotroski F-Score Chart

Lion Industries Bhd Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 3.00 2.00 4.00

Lion Industries Bhd Quarterly Data
Dec20 Mar21 Sep21 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 3.00 3.00 3.00 1.00 1.00

XKLS:4235 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, Lion Industries 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.


Lion Industries Bhd Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Lion Industries Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:4235
19GF Score
Lion Industries Corp Bhd XKLS:4235
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 -43.838 + -46.843 + -39.412 + -29.935 = RM-160 Mil.
Cash Flow from Operations was 3.955 + -10.842 + -9.309 + 0 = RM-16 Mil.
Revenue was 301.882 + 325.525 + 276.362 + 214.493 = RM1,118 Mil.
Gross Profit was 301.882 + 325.525 + 276.362 + 214.493 = RM1,118 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2319.93 + 2298.322 + 2276.103 + 2128.194 + 2057.663) / 5 = RM2216.0424 Mil.
Total Assets at the begining of this year (Mar25) was RM2,320 Mil.
Long-Term Debt & Capital Lease Obligation was RM110 Mil.
Total Current Assets was RM816 Mil.
Total Current Liabilities was RM759 Mil.
Net Income was -32.896 + -68.271 + 52.13 + -39.541 = RM-89 Mil.

Revenue was 424.673 + 397.028 + 425.987 + 355.397 = RM1,603 Mil.
Gross Profit was 424.673 + 397.028 + 425.987 + 355.397 = RM1,603 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2598.486 + 2526.814 + 2439.934 + 2451.475 + 2319.93) / 5 = RM2467.3278 Mil.
Total Assets at the begining of last year (Mar24) was RM2,598 Mil.
Long-Term Debt & Capital Lease Obligation was RM121 Mil.
Total Current Assets was RM971 Mil.
Total Current Liabilities was RM843 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.

Lion Industries Bhd's current Net Income (TTM) was -160. ==> Negative ==> Score 0.

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.

Lion Industries Bhd's current Cash Flow from Operations (TTM) was -16. ==> Negative ==> Score 0.

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)
=-160.028/2319.93
=-0.06897967

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-88.578/2598.486
=-0.03408831

Lion Industries Bhd's return on assets of this year was -0.06897967. Lion Industries Bhd's return on assets of last year was -0.03408831. ==> 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.

Lion Industries Bhd's current Net Income (TTM) was -160. Lion Industries Bhd's current Cash Flow from Operations (TTM) was -16. ==> -16 > -160 ==> 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
=109.619/2216.0424
=0.04946611

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=120.753/2467.3278
=0.0489408

Lion Industries Bhd's gearing of this year was 0.04946611. Lion Industries Bhd's gearing of last year was 0.0489408. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=816.074/759.136
=1.07500369

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=970.62/843.469
=1.15074769

Lion Industries Bhd's current ratio of this year was 1.07500369. Lion Industries Bhd's current ratio of last year was 1.15074769. ==> 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.

Lion Industries Bhd's number of shares in issue this year was 680.806. Lion Industries Bhd's number of shares in issue last year was 680.804. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1118.262/1118.262
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1603.085/1603.085
=1

Lion Industries Bhd's gross margin of this year was 1. Lion Industries 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1118.262/2319.93
=0.48202403

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1603.085/2598.486
=0.6169304

Lion Industries Bhd's asset turnover of this year was 0.48202403. Lion Industries Bhd's asset turnover of last year was 0.6169304. ==> 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
=0+0+0+1+0+0+0+0+0
=1

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

Lion Industries Bhd has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
Lion Industries Bhd (XKLS:4235) has a Piotroski F-Score of 1 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lion Industries Bhd and its competitors. This is 75% below median its historical median of 4.00. Over the past decade, Lion Industries Bhd's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Lion Industries Bhd ranks #614 out of 621 companies in the Steel industry, placing it in the top 98.9%.
Is Lion Industries Bhd's Piotroski F-Score too high?
Lion Industries Bhd's current Piotroski F-Score of 1 is 75% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Lion Industries Bhd's value of 1 is 80% below this industry median. Based on the distribution chart, Lion Industries Bhd ranks #614 out of 621 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Lion Industries Bhd has a GF Score™ of 19/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lion Industries Bhd's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Lion Industries Bhd ranks #614 out of 621 companies for Piotroski F-Score. This places Lion Industries Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Lion Industries Bhd's value of 1 is 80% below this benchmark. Historically, Lion Industries Bhd's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Lion Industries Bhd has consistently been below 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 621 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. Lion Industries Bhd's current Piotroski F-Score of 1 is 80% below 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 Lion Industries Bhd and its competitors. For the Steel 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. Lion Industries Bhd's current Piotroski F-Score is 1, which is 75% below 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 Lion Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Lion Industries Bhd (XKLS:4235) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.11 — trading 21.4% below its estimated fair value. The current Piotroski F-Score is 1, which is 75% below median its 10-year median of 4.00 and 80% below the Steel industry median of 5.00. Lion Industries Bhd's overall GF Score™ is 19/100 with 6 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 Lion Industries Bhd (XKLS:4235), the current Piotroski F-Score is 1 as of Jul. 01, 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 Lion Industries Bhd (XKLS:4235) Overvalued in 2026?

Based on GuruFocus' analysis, Lion Industries Bhd stock appears to be undervalued. The current stock price of RM0.11 is trading 21.4% below its estimated GF Value™ of RM0.14. GuruFocus considers Lion Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4235:

  • Piotroski F-Score: 1 (75% below median its 10-year median of 4.00)
  • GF Value™: RM0.14 vs. price of RM0.11 (21.4% below fair value)
  • GF Score™: 19/100 with 6 warning signs
  • Industry Position: 80% below the Steel median (#614 of 621)

No single metric tells the full story. See the XKLS:4235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lion Industries Bhd Business Description

Address No. 1 Jalan Nagasari, Level 14, Lion Office Tower, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50200
Lion Industries Corp Bhd is involved in the manufacturing of long steel products in Klang and Banting, Selangor. It produces billets for rolling into steel bars and wire rods, while its plant in Banting produces special grade billets for rolling into specialty bars and wire rods for automotive parts, mattresses and mechanical springs, turning parts, wire rods, wire ropes, and other stringent applications. The steel bars and wire rods produced by the company are used in the construction, fabrication and manufacturing industries. In the property development sector, the company is involved in property management and residential development. Its segments include Steel, Building materials, and Others. It derives revenue from Steel segment.
19GF Score

Get the complete analysis for XKLS:4235

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

RM0.11
Price
RM0.14
GF Value