CTOS Digital Bhd (XKLS:5301) Piotroski F-Score: 8 (As of Jul. 03, 2026) — 60% Above Median


XKLS:5301 CTOS Digital Bhd XKLS:5301
85 GF Score
Price RM0.69
GF Value RM1.41
Valuation Significantly Undervalued
! 5 Warning Signs
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What is CTOS Digital Bhd Piotroski F-Score?

CTOS Digital Bhd XKLS:5301 -0.72% 85 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XKLS:5301 with a GF Score™ of 85/100 and a GF Value™ of RM1.41 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 786 Capital Markets companies, CTOS Digital Bhd ranks better than 98.35% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

CTOS Digital Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:5301' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of CTOS Digital Bhd was 8. The lowest was 3. And the median was 5.

CTOS Digital Bhd  (XKLS:5301) 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.


CTOS Digital Bhd Piotroski F-Score Related Terms


CTOS Digital Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CTOS Digital 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.

CTOS Digital Bhd Piotroski F-Score Chart

CTOS Digital Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 4.00 4.00 4.00 6.00

CTOS Digital 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 5.00 5.00 6.00 6.00 8.00

XKLS:5301 vs SPGI, CME, MCO: Piotroski F-Score Comparison

For the Financial Data & Stock Exchanges subindustry, CTOS Digital 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.


CTOS Digital Bhd Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, CTOS Digital Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:5301
85GF Score
CTOS Digital Bhd XKLS:5301
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 21.157 + 24.692 + 44.568 + 18.513 = RM108.9 Mil.
Cash Flow from Operations was 31.964 + 54.53 + 32.371 + 28.498 = RM147.4 Mil.
Revenue was 79.001 + 83.007 + 87.981 + 81.591 = RM331.6 Mil.
Gross Profit was 52.76 + 55.726 + 59.68 + 55.142 = RM223.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(881.774 + 868.318 + 835.103 + 822.102 + 801.286) / 5 = RM841.7166 Mil.
Total Assets at the begining of this year (Mar25) was RM881.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM65.1 Mil.
Total Current Assets was RM117.7 Mil.
Total Current Liabilities was RM131.2 Mil.
Net Income was 25.502 + 27.553 + 32.395 + 14.442 = RM99.9 Mil.

Revenue was 76.642 + 79.809 + 76.819 + 76.072 = RM309.3 Mil.
Gross Profit was 56.233 + 56.107 + 56.328 + 53.365 = RM222.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(827.572 + 843.081 + 847.12 + 873.313 + 881.774) / 5 = RM854.572 Mil.
Total Assets at the begining of last year (Mar24) was RM827.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM117.9 Mil.
Total Current Assets was RM102.2 Mil.
Total Current Liabilities was RM167.7 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.

CTOS Digital Bhd's current Net Income (TTM) was 108.9. ==> 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.

CTOS Digital Bhd's current Cash Flow from Operations (TTM) was 147.4. ==> 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)
=108.93/881.774
=0.12353506

ROA (Last Year)=Net Income/Total Assets (Mar24)
=99.892/827.572
=0.12070491

CTOS Digital Bhd's return on assets of this year was 0.12353506. CTOS Digital Bhd's return on assets of last year was 0.12070491. ==> 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.

CTOS Digital Bhd's current Net Income (TTM) was 108.9. CTOS Digital Bhd's current Cash Flow from Operations (TTM) was 147.4. ==> 147.4 > 108.9 ==> 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
=65.066/841.7166
=0.07730155

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=117.94/854.572
=0.13801061

CTOS Digital Bhd's gearing of this year was 0.07730155. CTOS Digital Bhd's gearing of last year was 0.13801061. ==> 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
=117.73/131.195
=0.89736652

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=102.198/167.71
=0.60937332

CTOS Digital Bhd's current ratio of this year was 0.89736652. CTOS Digital Bhd's current ratio of last year was 0.60937332. ==> 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.

CTOS Digital Bhd's number of shares in issue this year was 2275.081. CTOS Digital Bhd's number of shares in issue last year was 2310. ==> 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
=223.308/331.58
=0.67346643

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=222.033/309.342
=0.71775899

CTOS Digital Bhd's gross margin of this year was 0.67346643. CTOS Digital Bhd's gross margin of last year was 0.71775899. ==> 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)
=331.58/881.774
=0.3760374

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=309.342/827.572
=0.37379467

CTOS Digital Bhd's asset turnover of this year was 0.3760374. CTOS Digital Bhd's asset turnover of last year was 0.37379467. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1+1+0+1
=8

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

CTOS Digital Bhd has an F-score of 8. 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 8 mean?
CTOS Digital Bhd (XKLS:5301) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CTOS Digital Bhd and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, CTOS Digital Bhd's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, CTOS Digital Bhd ranks #13 out of 786 companies in the Capital Markets industry, placing it in the top 1.7%.
Is CTOS Digital Bhd's Piotroski F-Score too high?
CTOS Digital Bhd's current Piotroski F-Score of 8 is 60% above 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 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. CTOS Digital Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, CTOS Digital Bhd ranks #13 out of 786 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, CTOS Digital Bhd has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CTOS Digital Bhd's Piotroski F-Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, CTOS Digital Bhd ranks #13 out of 786 companies for Piotroski F-Score. This places CTOS Digital Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CTOS Digital Bhd's value of 8 is 60% above this benchmark. Historically, CTOS Digital Bhd's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, CTOS Digital 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. CTOS Digital Bhd's current Piotroski F-Score of 8 is 60% 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 CTOS Digital 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. CTOS Digital Bhd's current Piotroski F-Score is 8, which is 60% above 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 CTOS Digital Bhd stock overvalued right now?
Based on GuruFocus' analysis, CTOS Digital Bhd (XKLS:5301) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.41, compared to a current price of RM0.69 — trading 51.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Capital Markets industry median of 5.00. CTOS Digital Bhd's overall GF Score™ is 85/100 with 5 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 CTOS Digital Bhd (XKLS:5301), the current Piotroski F-Score is 8 as of Jul. 03, 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 CTOS Digital Bhd (XKLS:5301) Overvalued in 2026?

Based on GuruFocus' analysis, CTOS Digital Bhd stock appears to be undervalued. The current stock price of RM0.69 is trading 51.4% below its estimated GF Value™ of RM1.41. GuruFocus considers CTOS Digital Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5301:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: RM1.41 vs. price of RM0.69 (51.4% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 60% above the Capital Markets median (#13 of 786)

No single metric tells the full story. See the XKLS:5301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTOS Digital Bhd Business Description

Address No. 6, Persiaran Barat, Seksyen 52, Level 17, Menara CelcomDigi, Petaling Jaya, Selangor, MYS, 46200
CTOS Digital Bhd is engaged in activities such as credit reporting agency, digital software-related services including software development, outsourcing, provision of training services, and provision of alternative data credit scoring. It serves three types of customers, namely Key Accounts, Commercial, and Direct-to-Consumer. The company's geographical segments include Malaysia which generates key revenue, and International.
85GF Score

Get the complete analysis for XKLS:5301

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

RM0.69
Price
RM1.41
GF Value