Apex Equity Holdings BhdXKLS:5088 35 Piotroski F-Score is 2 as of Jul. 06, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates XKLS:5088 with a GF Score™ of 35/100 and a GF Value™ of RM0.89 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 784 Capital Markets companies, Apex Equity Holdings Bhd ranks worse than 90.82% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Apex Equity Holdings Bhd has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Apex Equity Holdings Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:5088'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Apex Equity Holdings Bhd was 8. The lowest was 2. And the median was 5.
Apex Equity Holdings Bhd (XKLS:5088) 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.
Apex Equity Holdings Bhd Piotroski F-Score Related Terms
Apex Equity Holdings Bhd Piotroski F-Score Historical Data
* 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:5088 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Apex Equity 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.
Apex Equity Holdings Bhd Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Apex Equity Holdings Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Apex Equity 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.
Apex Equity Holdings Bhd's current Net Income (TTM) was 9.74.
==> 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.
Apex Equity Holdings Bhd's current Cash Flow from Operations (TTM) was -73.09.
==> 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.
Apex Equity Holdings Bhd's return on assets of this year was 0.02159171. Apex Equity Holdings Bhd's return on assets of last year was 0.12486483.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Apex Equity Holdings Bhd's gearing of this year was 0.00043667. Apex Equity Holdings Bhd's gearing of last year was 0.00189235.
==> 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
Apex Equity Holdings Bhd's current ratio of this year was 2.80044717. Apex Equity Holdings Bhd's current ratio of last year was 4.71534298.
==> 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.
Apex Equity Holdings Bhd's number of shares in issue this year was 213.563. Apex Equity Holdings Bhd's number of shares in issue last year was 202.64.
==> 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.
Apex Equity Holdings Bhd's gross margin of this year was 0.76823499. Apex Equity Holdings Bhd's gross margin of last year was 0.77849669.
==> 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
Apex Equity Holdings Bhd's asset turnover of this year was 0.1386674. Apex Equity Holdings Bhd's asset turnover of last year was 0.15234158.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Apex Equity Holdings Bhd has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Apex Equity Holdings Bhd (XKLS:5088) has a Piotroski F-Score of 2 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Apex Equity Holdings Bhd and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Apex Equity Holdings Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Apex Equity Holdings Bhd ranks #712 out of 784 companies in the Capital Markets industry, placing it in the top 90.8%.
Is Apex Equity Holdings Bhd's Piotroski F-Score too high?
Apex Equity Holdings Bhd's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Apex Equity Holdings Bhd's value of 2 is 60% below this industry median. Based on the distribution chart, Apex Equity Holdings Bhd ranks #712 out of 784 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Apex Equity Holdings Bhd has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apex Equity Holdings Bhd's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Apex Equity Holdings Bhd ranks #712 out of 784 companies for Piotroski F-Score. This places Apex Equity Holdings Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Apex Equity Holdings Bhd's value of 2 is 60% below this benchmark. Historically, Apex Equity Holdings 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 5.00 vs. the industry median of 5.00, Apex Equity Holdings 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 784 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. Apex Equity Holdings Bhd's current Piotroski F-Score of 2 is 60% 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 Apex Equity Holdings Bhd and its competitors. For the Capital Markets 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. Apex Equity Holdings Bhd's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Equity Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Apex Equity Holdings Bhd (XKLS:5088) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.89, compared to a current price of RM0.72 — trading 19.7% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Capital Markets industry median of 5.00. Apex Equity Holdings Bhd's overall GF Score™ is 35/100 with 8 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 Apex Equity Holdings Bhd (XKLS:5088), the current Piotroski F-Score is 2 as of Jul. 06, 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 Apex Equity Holdings Bhd (XKLS:5088) Overvalued in 2026?
Based on GuruFocus' analysis, Apex Equity Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.72 is trading 19.7% below its estimated GF Value™ of RM0.89.
GuruFocus considers Apex Equity Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5088:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: RM0.89 vs. price of RM0.72 (19.7% below fair value)
Industry Position: 60% below the Capital Markets median (#712 of 784)
No single metric tells the full story. See the XKLS:5088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex Equity Holdings Bhd is an investment holding company. The company, along with its subsidiaries, is engaged in the business of investment holding and trading in marketable securities. The group is organised into four main reportable segments, which include Investment holdings and others, Stock and securities broking, Property holding, and Money lending. The majority of its revenue is generated from the Stock and securities broking segment, which deals with securities, clearings, derivatives, and investment advisory. It has also launched an online trading platform, Apexetrade, which allows customers access to the latest market information and an extensive range of trading tools. Geographically, the group operates predominantly in Malaysia.
35GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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