Nexg Bhd (XKLS:5216) Piotroski F-Score: 4 (As of Jul. 04, 2026) — 33% Below Median


XKLS:5216 Nexg Bhd XKLS:5216
47 GF Score
Price RM0.25
GF Value RM0.29
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Nexg Bhd Piotroski F-Score?

Nexg Bhd XKLS:5216 +2.04% 47 Piotroski F-Score is 4 as of Jul. 04, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates XKLS:5216 with a GF Score™ of 47/100 and a GF Value™ of RM0.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,428 Hardware companies, Nexg Bhd ranks worse than 62.15% 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

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

XKLS:5216' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Nexg Bhd was 7. The lowest was 4. And the median was 6.

Nexg Bhd  (XKLS:5216) 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.


Nexg Bhd Piotroski F-Score Related Terms


Nexg Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nexg 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.

Nexg Bhd Piotroski F-Score Chart

Nexg Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 4.00

Nexg 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 5.00 4.00 4.00

XKLS:5216 vs SNDK, DELL, STX: Piotroski F-Score Comparison

For the Computer Hardware subindustry, Nexg 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.


Nexg Bhd Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Nexg Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:5216
47GF Score
Nexg Bhd XKLS:5216
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 64.878 + 19.446 + -130.876 + -37.686 = RM-84.2 Mil.
Cash Flow from Operations was 60.891 + -76.498 + 71.813 + 38.809 = RM95.0 Mil.
Revenue was 88.454 + 77.101 + 79.285 + 103.322 = RM348.2 Mil.
Gross Profit was 88.454 + 77.101 + 79.285 + 103.322 = RM348.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(555.09 + 627.1 + 856.796 + 682.716 + 638.416) / 5 = RM672.0236 Mil.
Total Assets at the begining of this year (Mar25) was RM555.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM13.7 Mil.
Total Current Assets was RM403.4 Mil.
Total Current Liabilities was RM72.5 Mil.
Net Income was 27.024 + 17.776 + 26.941 + 43.808 = RM115.5 Mil.

Revenue was 90.758 + 81.02 + 97.901 + 103.775 = RM373.5 Mil.
Gross Profit was 90.758 + 81.02 + 97.901 + 103.775 = RM373.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(468.28 + 445.437 + 444.612 + 476.734 + 555.09) / 5 = RM478.0306 Mil.
Total Assets at the begining of last year (Mar24) was RM468.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM12.8 Mil.
Total Current Assets was RM380.9 Mil.
Total Current Liabilities was RM80.4 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.

Nexg Bhd's current Net Income (TTM) was -84.2. ==> Negative ==> Score 0.

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.

Nexg Bhd's current Cash Flow from Operations (TTM) was 95.0. ==> 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)
=-84.238/555.09
=-0.15175557

ROA (Last Year)=Net Income/Total Assets (Mar24)
=115.549/468.28
=0.24675194

Nexg Bhd's return on assets of this year was -0.15175557. Nexg Bhd's return on assets of last year was 0.24675194. ==> 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.

Nexg Bhd's current Net Income (TTM) was -84.2. Nexg Bhd's current Cash Flow from Operations (TTM) was 95.0. ==> 95.0 > -84.2 ==> 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
=13.735/672.0236
=0.02043827

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=12.752/478.0306
=0.02667612

Nexg Bhd's gearing of this year was 0.02043827. Nexg Bhd's gearing of last year was 0.02667612. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=403.384/72.526
=5.56192262

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=380.91/80.362
=4.73992683

Nexg Bhd's current ratio of this year was 5.56192262. Nexg Bhd's current ratio of last year was 4.73992683. ==> 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.

Nexg Bhd's number of shares in issue this year was 4405.323. Nexg Bhd's number of shares in issue last year was 4177.289. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=348.162/348.162
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=373.454/373.454
=1

Nexg Bhd's gross margin of this year was 1. Nexg 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)
=348.162/555.09
=0.62721721

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=373.454/468.28
=0.79750149

Nexg Bhd's asset turnover of this year was 0.62721721. Nexg Bhd's asset turnover of last year was 0.79750149. ==> 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
=0+1+0+1+1+1+0+0+0
=4

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

Nexg 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?
Nexg Bhd (XKLS:5216) has a Piotroski F-Score of 4 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nexg Bhd and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Nexg Bhd's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Nexg Bhd ranks #1509 out of 2428 companies in the Hardware industry, placing it in the top 62.1%.
Is Nexg Bhd's Piotroski F-Score too high?
Nexg Bhd's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. Nexg Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Nexg Bhd ranks #1509 out of 2428 companies in the Hardware industry, which is below the industry midpoint. Overall, Nexg Bhd has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nexg Bhd's Piotroski F-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Nexg Bhd ranks #1509 out of 2428 companies for Piotroski F-Score. This places Nexg Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nexg Bhd's value of 4 is 20% below this benchmark. Historically, Nexg Bhd's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nexg 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. Nexg 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 Nexg Bhd and its competitors. For the Hardware 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. Nexg Bhd's current Piotroski F-Score is 4, which is 33% below 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 Nexg Bhd stock overvalued right now?
Based on GuruFocus' analysis, Nexg Bhd (XKLS:5216) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.29, compared to a current price of RM0.25 — trading 13.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Hardware industry median of 5.00. Nexg Bhd's overall GF Score™ is 47/100 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 Nexg Bhd (XKLS:5216), the current Piotroski F-Score is 4 as of Jul. 04, 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 Nexg Bhd (XKLS:5216) Overvalued in 2026?

Based on GuruFocus' analysis, Nexg Bhd stock appears to be undervalued. The current stock price of RM0.25 is trading 13.8% below its estimated GF Value™ of RM0.29. GuruFocus considers Nexg Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5216:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: RM0.29 vs. price of RM0.25 (13.8% below fair value)
  • GF Score™: 47/100 with 2 warning signs
  • Industry Position: 20% below the Hardware median (#1509 of 2428)

No single metric tells the full story. See the XKLS:5216 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nexg Bhd Business Description

Address Bangunan Setia 1, Level 6, No. 15, Damansara Heights, Lorong Dungun, Kuala Lumpur, MYS, 50490
Nexg Bhd formerly Datasonic Group Bhd functions in the computer technology field. The company's segments include Customised smart card solutions (CSCS), Manufacturing (MA), and Investment Holding (IH). The CSCS segment is engaged in the provision of large-scale customized software and hardware systems for secure identification (ID), total smart card solutions, and information and communications technology (ICT) project management. The MA segment is engaged in the manufacturing of cards and booklets. The IH segment is engaged in investment holding and the provision of management services to the group of companies. The company derives maximum revenue from the CSCS segment.
47GF Score

Get the complete analysis for XKLS:5216

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

RM0.25
Price
RM0.29
GF Value