Wasco Bhd (XKLS:5142) Piotroski F-Score: 7 (As of Jul. 20, 2026) — 17% Above Median

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XKLS:5142 Wasco Bhd XKLS:5142
56 GF Score
Price RM0.74
GF Value RM0.91
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Wasco Bhd Piotroski F-Score?

Wasco Bhd XKLS:5142 +0.68% 56 Piotroski F-Score is 7 as of Jul. 20, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates XKLS:5142 with a GF Score™ of 56/100 and a GF Value™ of RM0.91 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 973 Oil & Gas companies, Wasco Bhd ranks better than 92.5% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Wasco Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:5142' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wasco Bhd was 9. The lowest was 3. And the median was 6.

Wasco Bhd  (XKLS:5142) 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.


Wasco Bhd Piotroski F-Score Related Terms


Wasco Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wasco 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.

Wasco Bhd Piotroski F-Score Chart

Wasco 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 5.00 8.00 8.00 8.00 6.00

Wasco 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 6.00 7.00 6.00 7.00

XKLS:5142 vs SLB, BKR, HAL: Piotroski F-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Wasco 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.


Wasco Bhd Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Wasco Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:5142
56GF Score
Wasco Bhd XKLS:5142
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 33.946 + 34.652 + 56.505 + 11.102 = RM136 Mil.
Cash Flow from Operations was 34.889 + 26.501 + 31.932 + 82.626 = RM176 Mil.
Revenue was 693.846 + 599.902 + 592.388 + 451.238 = RM2,337 Mil.
Gross Profit was 84.809 + 91.836 + 142.141 + 76.508 = RM395 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2700.299 + 2410.323 + 2421.464 + 2521.181 + 2506.714) / 5 = RM2511.9962 Mil.
Total Assets at the begining of this year (Mar25) was RM2,700 Mil.
Long-Term Debt & Capital Lease Obligation was RM324 Mil.
Total Current Assets was RM1,405 Mil.
Total Current Liabilities was RM978 Mil.
Net Income was 35.751 + 25.018 + 35.272 + 35.437 = RM131 Mil.

Revenue was 702.739 + 635.994 + 984.396 + 719.293 = RM3,042 Mil.
Gross Profit was 107.014 + 104.631 + 191.79 + 103.728 = RM507 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2821.478 + 2893.357 + 2632.091 + 2889.641 + 2700.299) / 5 = RM2787.3732 Mil.
Total Assets at the begining of last year (Mar24) was RM2,821 Mil.
Long-Term Debt & Capital Lease Obligation was RM334 Mil.
Total Current Assets was RM1,537 Mil.
Total Current Liabilities was RM1,357 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.

Wasco Bhd's current Net Income (TTM) was 136. ==> 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.

Wasco Bhd's current Cash Flow from Operations (TTM) was 176. ==> 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)
=136.205/2700.299
=0.05044071

ROA (Last Year)=Net Income/Total Assets (Mar24)
=131.478/2821.478
=0.04659898

Wasco Bhd's return on assets of this year was 0.05044071. Wasco Bhd's return on assets of last year was 0.04659898. ==> 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.

Wasco Bhd's current Net Income (TTM) was 136. Wasco Bhd's current Cash Flow from Operations (TTM) was 176. ==> 176 > 136 ==> 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
=324.296/2511.9962
=0.12909892

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=333.806/2787.3732
=0.11975648

Wasco Bhd's gearing of this year was 0.12909892. Wasco Bhd's gearing of last year was 0.11975648. ==> 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
=1404.981/978.02
=1.43655651

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1537.195/1356.562
=1.13315499

Wasco Bhd's current ratio of this year was 1.43655651. Wasco Bhd's current ratio of last year was 1.13315499. ==> 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.

Wasco Bhd's number of shares in issue this year was 774.311. Wasco Bhd's number of shares in issue last year was 774.311. ==> 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
=395.294/2337.374
=0.16911885

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=507.163/3042.422
=0.16669712

Wasco Bhd's gross margin of this year was 0.16911885. Wasco Bhd's gross margin of last year was 0.16669712. ==> 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)
=2337.374/2700.299
=0.86559822

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3042.422/2821.478
=1.07830789

Wasco Bhd's asset turnover of this year was 0.86559822. Wasco Bhd's asset turnover of last year was 1.07830789. ==> 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
=1+1+1+1+0+1+1+1+0
=7

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

Wasco Bhd has an F-score of 7. 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 7 mean?
Wasco Bhd (XKLS:5142) has a Piotroski F-Score of 7 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wasco Bhd and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Wasco Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Wasco Bhd ranks #73 out of 973 companies in the Oil & Gas industry, placing it in the top 7.5%.
Is Wasco Bhd's Piotroski F-Score too high?
Wasco Bhd's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Wasco Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, Wasco Bhd ranks #73 out of 973 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Wasco Bhd has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wasco Bhd's Piotroski F-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Wasco Bhd ranks #73 out of 973 companies for Piotroski F-Score. This places Wasco Bhd in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wasco Bhd's value of 7 is 40% above this benchmark. Historically, Wasco 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 6.00 vs. the industry median of 5.00, Wasco 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 973 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. Wasco Bhd's current Piotroski F-Score of 7 is 40% 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 Wasco Bhd and its competitors. For the Oil & Gas 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. Wasco Bhd's current Piotroski F-Score is 7, which is 17% 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 Wasco Bhd stock overvalued right now?
Based on GuruFocus' analysis, Wasco Bhd (XKLS:5142) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.91, compared to a current price of RM0.74 — trading 18.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Oil & Gas industry median of 5.00. Wasco Bhd's overall GF Score™ is 56/100 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 Wasco Bhd (XKLS:5142), the current Piotroski F-Score is 7 as of Jul. 20, 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 Wasco Bhd (XKLS:5142) Overvalued in 2026?

Based on GuruFocus' analysis, Wasco Bhd stock appears to be undervalued. The current stock price of RM0.74 is trading 18.7% below its estimated GF Value™ of RM0.91. GuruFocus considers Wasco Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5142:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: RM0.91 vs. price of RM0.74 (18.7% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 40% above the Oil & Gas median (#73 of 973)

No single metric tells the full story. See the XKLS:5142 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wasco Bhd Business Description

Industry EnergyOil & Gas
Address The Gardens North Tower, Suite 19.01, Level 19, Mid Valley City, Lingkaran Syed Putra, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Wasco Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (EPC) of gas compressors and process equipment, and provision of bioenergy services. Its segments include the Energy solutions services division; the Bioenergy services division; the Trading division; and Others. It derives the majority of its revenue from the Energy solutions services division that provides pipe coating, pipe manufacturing for the oil and gas industry, building and operating offshore/onshore field development facilities, and the provision of specialized equipment and services to the power generation, oleochemical, and petrochemical industries.
56GF Score

Get the complete analysis for XKLS:5142

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

RM0.74
Price
RM0.91
GF Value