Ingenieur Gudang Bhd (XKLS:5178) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 50% Above Median


What is Ingenieur Gudang Bhd Piotroski F-Score?

Ingenieur Gudang Bhd XKLS:5178 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 50% above its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 1,735 Construction companies, Ingenieur Gudang Bhd ranks better than 74.24% 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

Ingenieur Gudang 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 Ingenieur Gudang Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:5178' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Ingenieur Gudang Bhd was 8. The lowest was 2. And the median was 4.

Ingenieur Gudang Bhd  (XKLS:5178) 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.


Ingenieur Gudang Bhd Piotroski F-Score Related Terms


Ingenieur Gudang Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ingenieur Gudang 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.

Ingenieur Gudang Bhd Piotroski F-Score Chart

Ingenieur Gudang Bhd Annual Data
Trend Dec14 May16 May17 May18 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 7.00 3.00 7.00 4.00

Ingenieur Gudang Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 6.00 4.00 6.00

XKLS:5178 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Ingenieur Gudang 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.


Ingenieur Gudang Bhd Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Ingenieur Gudang Bhd's Piotroski F-Score distribution charts can be found below:

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


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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 1.686 + 5.966 + 0.772 + -1.456 = RM6.97 Mil.
Cash Flow from Operations was 5.584 + -1.033 + 3.255 + 0 = RM7.81 Mil.
Revenue was 5.334 + 28.586 + 4.924 + 3.773 = RM42.62 Mil.
Gross Profit was 2.296 + 7.504 + 2.244 + 1.129 = RM13.17 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(260.977 + 261.046 + 277.426 + 267.591 + 268.571) / 5 = RM267.1222 Mil.
Total Assets at the begining of this year (Feb25) was RM260.98 Mil.
Long-Term Debt & Capital Lease Obligation was RM24.07 Mil.
Total Current Assets was RM58.13 Mil.
Total Current Liabilities was RM32.04 Mil.
Net Income was 6.48 + 3.31 + 14.481 + 1.65 = RM25.92 Mil.

Revenue was 12.29 + 14.884 + 14.786 + 5.873 = RM47.83 Mil.
Gross Profit was 6.267 + 4.788 + 4.401 + 2.76 = RM18.22 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(244.962 + 229.955 + 227.813 + 255.311 + 260.977) / 5 = RM243.8036 Mil.
Total Assets at the begining of last year (Feb24) was RM244.96 Mil.
Long-Term Debt & Capital Lease Obligation was RM25.85 Mil.
Total Current Assets was RM46.94 Mil.
Total Current Liabilities was RM29.42 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.

Ingenieur Gudang Bhd's current Net Income (TTM) was 6.97. ==> 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.

Ingenieur Gudang Bhd's current Cash Flow from Operations (TTM) was 7.81. ==> 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 (Feb25)
=6.968/260.977
=0.02669967

ROA (Last Year)=Net Income/Total Assets (Feb24)
=25.921/244.962
=0.10581641

Ingenieur Gudang Bhd's return on assets of this year was 0.02669967. Ingenieur Gudang Bhd's return on assets of last year was 0.10581641. ==> 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.

Ingenieur Gudang Bhd's current Net Income (TTM) was 6.97. Ingenieur Gudang Bhd's current Cash Flow from Operations (TTM) was 7.81. ==> 7.81 > 6.97 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=24.07/267.1222
=0.09010857

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=25.846/243.8036
=0.10601156

Ingenieur Gudang Bhd's gearing of this year was 0.09010857. Ingenieur Gudang Bhd's gearing of last year was 0.10601156. ==> 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

Current Ratio (This Year: Feb26)=Total Current Assets/Total Current Liabilities
=58.132/32.043
=1.81418719

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=46.943/29.423
=1.59545254

Ingenieur Gudang Bhd's current ratio of this year was 1.81418719. Ingenieur Gudang Bhd's current ratio of last year was 1.59545254. ==> 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.

Ingenieur Gudang Bhd's number of shares in issue this year was 1516.593. Ingenieur Gudang Bhd's number of shares in issue last year was 1516.593. ==> 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
=13.173/42.617
=0.309102

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=18.216/47.833
=0.38082495

Ingenieur Gudang Bhd's gross margin of this year was 0.309102. Ingenieur Gudang Bhd's gross margin of last year was 0.38082495. ==> 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 (Feb25)
=42.617/260.977
=0.16329792

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=47.833/244.962
=0.19526702

Ingenieur Gudang Bhd's asset turnover of this year was 0.16329792. Ingenieur Gudang Bhd's asset turnover of last year was 0.19526702. ==> 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+0+1+1+1+1+0+0
=6

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

Ingenieur Gudang Bhd has an F-score of 6 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 6 mean?
Ingenieur Gudang Bhd (XKLS:5178) 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 Ingenieur Gudang Bhd and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Ingenieur Gudang Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Ingenieur Gudang Bhd ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Ingenieur Gudang Bhd's Piotroski F-Score too high?
Ingenieur Gudang Bhd's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Ingenieur Gudang Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Ingenieur Gudang Bhd ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint.
How does Ingenieur Gudang Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Ingenieur Gudang Bhd ranks #447 out of 1735 companies for Piotroski F-Score. This puts Ingenieur Gudang Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ingenieur Gudang Bhd's value of 6 is 20% above this benchmark. Historically, Ingenieur Gudang 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 4.00 vs. the industry median of 5.00, Ingenieur Gudang 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 a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Ingenieur Gudang Bhd's current Piotroski F-Score of 6 is 20% 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 Ingenieur Gudang Bhd and its competitors. For the Construction 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. Ingenieur Gudang Bhd's current Piotroski F-Score is 6, which is 50% above 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 Ingenieur Gudang Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ingenieur Gudang Bhd (XKLS:5178) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.07, compared to a current price of RM0.03 — trading 64.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Construction industry median of 5.00. 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 Ingenieur Gudang Bhd (XKLS:5178), 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.

Ingenieur Gudang Bhd Business Description

Address Taman Perindustrian UEP, Ground Floor, No.3, Jalan TP 2, Subang Jaya, Subang Jaya, SGR, MYS, 47600
Ingenieur Gudang Bhd is a Malaysia-based company involved in the construction and property investment businesses. The segments include Property investment and others, and construction. The company earns maximum revenue from the Construction segment.