PBA Holdings BhdXKLS:5041 +1.02%80 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XKLS:5041 with a GF Score™ of 80/100 and a GF Value™ of RM2.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 491 Utilities - Regulated companies, PBA Holdings Bhd ranks better than 69.25% 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
PBA Holdings 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 PBA Holdings Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:5041'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of PBA Holdings Bhd was 9. The lowest was 3. And the median was 7.
PBA Holdings Bhd (XKLS:5041) 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.
PBA Holdings Bhd Piotroski F-Score Related Terms
PBA Holdings Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PBA Holdings 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:5041 vs AWK, WTRG, AWR: Piotroski F-Score Comparison
For the Utilities - Regulated Water subindustry, PBA Holdings 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.
PBA Holdings Bhd Piotroski F-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, PBA Holdings Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PBA Holdings 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.
PBA Holdings Bhd's current Net Income (TTM) was 134.7.
==> 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.
PBA Holdings Bhd's return on assets of this year was 0.07550596. PBA Holdings Bhd's return on assets of last year was 0.09211877.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PBA Holdings Bhd's gearing of this year was 0.25483431. PBA Holdings Bhd's gearing of last year was 0.13205504.
==> 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
PBA Holdings Bhd's current ratio of this year was 2.15033215. PBA Holdings Bhd's current ratio of last year was 1.33974268.
==> 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.
PBA Holdings Bhd's number of shares in issue this year was 330.994. PBA Holdings Bhd's number of shares in issue last year was 330.995.
==> 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.
PBA Holdings Bhd's gross margin of this year was 0.48514052. PBA Holdings Bhd's gross margin of last year was 0.47729387.
==> 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
PBA Holdings Bhd's asset turnover of this year was 0.33050919. PBA Holdings Bhd's asset turnover of last year was 0.33350171.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PBA Holdings Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
PBA Holdings Bhd (XKLS:5041) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PBA Holdings Bhd and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, PBA Holdings Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PBA Holdings Bhd ranks #151 out of 491 companies in the Utilities - Regulated industry, placing it in the top 30.8%.
Is PBA Holdings Bhd's Piotroski F-Score too high?
PBA Holdings Bhd's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. PBA Holdings Bhd's value of 6 is 0% at this industry median. Based on the distribution chart, PBA Holdings Bhd ranks #151 out of 491 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, PBA Holdings Bhd has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBA Holdings Bhd's Piotroski F-Score compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, PBA Holdings Bhd ranks #151 out of 491 companies for Piotroski F-Score. This puts PBA Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 6.00. PBA Holdings Bhd's value of 6 is 0% at this benchmark. Historically, PBA Holdings Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, PBA Holdings Bhd has consistently been at 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. PBA Holdings Bhd's current Piotroski F-Score of 6 is 0% at 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 PBA Holdings Bhd and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBA Holdings Bhd's current Piotroski F-Score is 6, which is 14% below 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 PBA Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, PBA Holdings Bhd (XKLS:5041) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.29, compared to a current price of RM1.99 — trading 13.1% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 0% at the Utilities - Regulated industry median of 6.00. PBA Holdings Bhd's overall GF Score™ is 80/100 with 2 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 PBA Holdings Bhd (XKLS:5041), the current Piotroski F-Score is 6 as of Jun. 26, 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 PBA Holdings Bhd (XKLS:5041) Overvalued in 2026?
Based on GuruFocus' analysis, PBA Holdings Bhd stock appears to be undervalued.
The current stock price of RM1.99 is trading 13.1% below its estimated GF Value™ of RM2.29.
GuruFocus considers PBA Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5041:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: RM2.29 vs. price of RM1.99 (13.1% below fair value)
Industry Position: 0% at the Utilities - Regulated median (#151 of 491)
No single metric tells the full story. See the XKLS:5041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBA Holdings Bhd is an investment holding company. Its primary business is to sustain continuous good water supply in Penang. With population growth and increasing socio-economic development, It has to employ holistic water supply management strategies. It manage both water demand and supply in a water-stressed state. The group has one reportable segment, which is the abstraction of raw water, treatment of water, supply and sale of treated water to consumers in the State of Penang. The company operated solely in Penang, Malaysia. The company through its subsidiaries is engaged in the abstraction of raw water, treatment of water, and supply and sale of treated water to consumers in the State of Penang. It operates geographically in Malaysia.
80GF Score
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