Seremban Engineering Bhd (XKLS:5163) Piotroski F-Score: 4 (As of Jul. 01, 2026) — 20% Below Median


XKLS:5163 Seremban Engineering Bhd XKLS:5163
32 GF Score
Price RM0.60
GF Value RM0.24
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Seremban Engineering Bhd Piotroski F-Score?

Seremban Engineering Bhd XKLS:5163 -3.23% 32 Piotroski F-Score is 4 as of Jul. 01, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XKLS:5163 with a GF Score™ of 32/100 and a GF Value™ of RM0.24 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,971 Industrial Products companies, Seremban Engineering Bhd ranks worse than 65.2% 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

Seremban Engineering Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

XKLS:5163' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Seremban Engineering Bhd was 7. The lowest was 3. And the median was 5.

Seremban Engineering Bhd  (XKLS:5163) 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.


Seremban Engineering Bhd Piotroski F-Score Related Terms


Seremban Engineering Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seremban Engineering 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.

Seremban Engineering Bhd Piotroski F-Score Chart

Seremban Engineering Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 4.00 5.00 5.00

Seremban Engineering 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 5.00 3.00 4.00 4.00

XKLS:5163 vs CRS, ATI, MLI: Piotroski F-Score Comparison

For the Metal Fabrication subindustry, Seremban Engineering 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.


Seremban Engineering Bhd Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seremban Engineering Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:5163
32GF Score
Seremban Engineering Bhd XKLS:5163
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 0.237 + 0.307 + 10.468 + 0.125 = RM11.14 Mil.
Cash Flow from Operations was -3.764 + 13.319 + -20.558 + 9.461 = RM-1.54 Mil.
Revenue was 38.487 + 22.101 + 16.165 + 14.475 = RM91.23 Mil.
Gross Profit was 38.487 + 22.101 + 16.165 + 14.475 = RM91.23 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(163.956 + 167.976 + 164.987 + 151.979 + 141.561) / 5 = RM158.0918 Mil.
Total Assets at the begining of this year (Mar25) was RM163.96 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.32 Mil.
Total Current Assets was RM117.39 Mil.
Total Current Liabilities was RM89.99 Mil.
Net Income was 1.047 + 0.252 + 0.335 + 0.276 = RM1.91 Mil.

Revenue was 107.42 + 41.715 + 31.636 + 22.035 = RM202.81 Mil.
Gross Profit was 107.42 + 41.715 + 31.636 + 22.035 = RM202.81 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(226.437 + 202.221 + 175.783 + 178.363 + 163.956) / 5 = RM189.352 Mil.
Total Assets at the begining of last year (Mar24) was RM226.44 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.23 Mil.
Total Current Assets was RM138.83 Mil.
Total Current Liabilities was RM123.59 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.

Seremban Engineering Bhd's current Net Income (TTM) was 11.14. ==> 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.

Seremban Engineering Bhd's current Cash Flow from Operations (TTM) was -1.54. ==> 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)
=11.137/163.956
=0.06792676

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.91/226.437
=0.00843502

Seremban Engineering Bhd's return on assets of this year was 0.06792676. Seremban Engineering Bhd's return on assets of last year was 0.00843502. ==> 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.

Seremban Engineering Bhd's current Net Income (TTM) was 11.14. Seremban Engineering Bhd's current Cash Flow from Operations (TTM) was -1.54. ==> -1.54 <= 11.14 ==> CFROA <= ROA ==> Score 0.

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
=2.316/158.0918
=0.01464972

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.226/189.352
=0.01175588

Seremban Engineering Bhd's gearing of this year was 0.01464972. Seremban Engineering Bhd's gearing of last year was 0.01175588. ==> 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
=117.392/89.99
=1.3045005

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=138.831/123.591
=1.12330995

Seremban Engineering Bhd's current ratio of this year was 1.3045005. Seremban Engineering Bhd's current ratio of last year was 1.12330995. ==> 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.

Seremban Engineering Bhd's number of shares in issue this year was 79.681. Seremban Engineering Bhd's number of shares in issue last year was 79.681. ==> 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
=91.228/91.228
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=202.806/202.806
=1

Seremban Engineering Bhd's gross margin of this year was 1. Seremban Engineering 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)
=91.228/163.956
=0.55641758

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=202.806/226.437
=0.89563985

Seremban Engineering Bhd's asset turnover of this year was 0.55641758. Seremban Engineering Bhd's asset turnover of last year was 0.89563985. ==> 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+0+1+0+0+1+1+0+0
=4

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

Seremban Engineering Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Seremban Engineering Bhd (XKLS:5163) has a Piotroski F-Score of 4 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seremban Engineering Bhd and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Seremban Engineering Bhd's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Seremban Engineering Bhd ranks #1937 out of 2971 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Seremban Engineering Bhd's Piotroski F-Score too high?
Seremban Engineering Bhd's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Seremban Engineering Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Seremban Engineering Bhd ranks #1937 out of 2971 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Seremban Engineering Bhd has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seremban Engineering Bhd's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Seremban Engineering Bhd ranks #1937 out of 2971 companies for Piotroski F-Score. This places Seremban Engineering Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Seremban Engineering Bhd's value of 4 is 20% below this benchmark. Historically, Seremban Engineering Bhd's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Seremban Engineering 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,971 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. Seremban Engineering Bhd's current Piotroski F-Score of 4 is 20% 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 Seremban Engineering Bhd and its competitors. For the Industrial Products 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. Seremban Engineering Bhd's current Piotroski F-Score is 4, which is 20% 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 Seremban Engineering Bhd stock overvalued right now?
Based on GuruFocus' analysis, Seremban Engineering Bhd (XKLS:5163) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.24, compared to a current price of RM0.60 — trading 150% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Industrial Products industry median of 5.00. Seremban Engineering Bhd's overall GF Score™ is 32/100 with 9 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 Seremban Engineering Bhd (XKLS:5163), the current Piotroski F-Score is 4 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 Seremban Engineering Bhd (XKLS:5163) Overvalued in 2026?

Based on GuruFocus' analysis, Seremban Engineering Bhd stock appears to be overvalued. The current stock price of RM0.60 is trading 150% above its estimated GF Value™ of RM0.24. GuruFocus considers Seremban Engineering Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5163:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: RM0.24 vs. price of RM0.60 (150% above fair value)
  • GF Score™: 32/100 with 9 warning signs
  • Industry Position: 20% below the Industrial Products median (#1937 of 2971)

No single metric tells the full story. See the XKLS:5163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seremban Engineering Bhd Business Description

Address Lot 1A - 1C, Lorong Bunga Tanjung 1/3, Senawang Industrial Park, Seremban, NSN, MYS, 70400
Seremban Engineering Bhd is engaged in providing engineering services including fabrication, engineering support, maintenance, and shutdown work for oil and fats, palm oil refineries, water treatment, food, chemical plants, and oil and gas industries. The products and services provided by the company include the Design, fabrication, and installation of unfired pressure vessels, reactors, heat exchangers, oil heaters, towers and columns, deodorisers, and receiver tanks, Fabrication and erection of steel structures and platforms and the Fabrication and piping works. Geographically, the company operates in Asia, Europe, Malaysia, and Singapore of which Malaysia generates the maximum revenue.
32GF Score

Get the complete analysis for XKLS:5163

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

RM0.60
Price
RM0.24
GF Value