Farm Fresh Bhd (XKLS:5306) Piotroski F-Score: 5 (As of Jun. 27, 2026) — 17% Below Median


XKLS:5306 Farm Fresh Bhd XKLS:5306
86 GF Score
Price RM2.29
GF Value RM2.21
Valuation Fairly Valued
! 2 Warning Signs
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What is Farm Fresh Bhd Piotroski F-Score?

Farm Fresh Bhd XKLS:5306 86 Piotroski F-Score is 5 as of Jun. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates XKLS:5306 with a GF Score™ of 86/100 and a GF Value™ of RM2.21 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Farm Fresh Bhd ranks better than 52.07% 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

Farm Fresh Bhd has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

XKLS:5306' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Farm Fresh Bhd was 7. The lowest was 2. And the median was 6.

Farm Fresh Bhd  (XKLS:5306) 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.


Farm Fresh Bhd Piotroski F-Score Related Terms


Farm Fresh Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Farm Fresh 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.

Farm Fresh Bhd Piotroski F-Score Chart

Farm Fresh Bhd Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 2.00 6.00 7.00 5.00

Farm Fresh 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 7.00 7.00 7.00 7.00 5.00

XKLS:5306 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Farm Fresh 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.


Farm Fresh Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Farm Fresh Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:5306
86GF Score
Farm Fresh Bhd XKLS:5306
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 32.799 + 36.666 + 32.244 + 27.904 = RM130 Mil.
Cash Flow from Operations was 33.442 + 49.756 + 27.271 + 13.596 = RM124 Mil.
Revenue was 260.577 + 294.937 + 285.06 + 275.118 = RM1,116 Mil.
Gross Profit was 86.48 + 99.038 + 93.828 + 86.784 = RM366 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1351.169 + 1413.742 + 1495.28 + 1626.939 + 1868.286) / 5 = RM1551.0832 Mil.
Total Assets at the begining of this year (Mar25) was RM1,351 Mil.
Long-Term Debt & Capital Lease Obligation was RM450 Mil.
Total Current Assets was RM939 Mil.
Total Current Liabilities was RM473 Mil.
Net Income was 25.995 + 26.183 + 25.864 + 28.353 = RM106 Mil.

Revenue was 241.699 + 249.163 + 246.589 + 243.73 = RM981 Mil.
Gross Profit was 72.946 + 83.828 + 81.019 + 77.441 = RM315 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1279.601 + 1341.711 + 1357.649 + 1330.423 + 1351.169) / 5 = RM1332.1106 Mil.
Total Assets at the begining of last year (Mar24) was RM1,280 Mil.
Long-Term Debt & Capital Lease Obligation was RM327 Mil.
Total Current Assets was RM538 Mil.
Total Current Liabilities was RM209 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.

Farm Fresh Bhd's current Net Income (TTM) was 130. ==> 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.

Farm Fresh Bhd's current Cash Flow from Operations (TTM) was 124. ==> 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)
=129.613/1351.169
=0.09592656

ROA (Last Year)=Net Income/Total Assets (Mar24)
=106.395/1279.601
=0.08314701

Farm Fresh Bhd's return on assets of this year was 0.09592656. Farm Fresh Bhd's return on assets of last year was 0.08314701. ==> 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.

Farm Fresh Bhd's current Net Income (TTM) was 130. Farm Fresh Bhd's current Cash Flow from Operations (TTM) was 124. ==> 124 <= 130 ==> 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
=450.438/1551.0832
=0.29040222

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=326.872/1332.1106
=0.24537902

Farm Fresh Bhd's gearing of this year was 0.29040222. Farm Fresh Bhd's gearing of last year was 0.24537902. ==> 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
=938.557/473.322
=1.98291438

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=538.495/209.177
=2.57435091

Farm Fresh Bhd's current ratio of this year was 1.98291438. Farm Fresh Bhd's current ratio of last year was 2.57435091. ==> Last year's current ratio is higher ==> Score 0.

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.

Farm Fresh Bhd's number of shares in issue this year was 1888.313. Farm Fresh Bhd's number of shares in issue last year was 1879.776. ==> 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
=366.13/1115.692
=0.32816405

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=315.234/981.181
=0.32128017

Farm Fresh Bhd's gross margin of this year was 0.32816405. Farm Fresh Bhd's gross margin of last year was 0.32128017. ==> 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)
=1115.692/1351.169
=0.8257235

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=981.181/1279.601
=0.76678668

Farm Fresh Bhd's asset turnover of this year was 0.8257235. Farm Fresh Bhd's asset turnover of last year was 0.76678668. ==> 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+0+0+0+0+1+1
=5

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

Farm Fresh Bhd has an F-score of 5 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 5 mean?
Farm Fresh Bhd (XKLS:5306) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Farm Fresh Bhd and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Farm Fresh Bhd's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Farm Fresh Bhd ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Farm Fresh Bhd's Piotroski F-Score too high?
Farm Fresh Bhd's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Farm Fresh Bhd's value of 5 is 0% at this industry median. Based on the distribution chart, Farm Fresh Bhd ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Farm Fresh Bhd has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farm Fresh Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Farm Fresh Bhd ranks #916 out of 1911 companies for Piotroski F-Score. This puts Farm Fresh Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Farm Fresh Bhd's value of 5 is 0% at this benchmark. Historically, Farm Fresh Bhd's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Farm Fresh Bhd has consistently been at 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Farm Fresh Bhd's current Piotroski F-Score of 5 is 0% at 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 Farm Fresh Bhd and its competitors. For the Consumer Packaged Goods 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. Farm Fresh Bhd's current Piotroski F-Score is 5, which is 17% 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 Farm Fresh Bhd stock overvalued right now?
Based on GuruFocus' analysis, Farm Fresh Bhd (XKLS:5306) is currently considered Fairly Valued. The stock's GF Value™ is RM2.21, compared to a current price of RM2.29 — trading 3.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Farm Fresh Bhd's overall GF Score™ is 86/100 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 Farm Fresh Bhd (XKLS:5306), the current Piotroski F-Score is 5 as of Jun. 27, 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 Farm Fresh Bhd (XKLS:5306) Overvalued in 2026?

Based on GuruFocus' analysis, Farm Fresh Bhd stock appears to be overvalued. The current stock price of RM2.29 is trading 3.6% above its estimated GF Value™ of RM2.21. GuruFocus considers Farm Fresh Bhd to be Fairly Valued.

Key valuation signals for XKLS:5306:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: RM2.21 vs. price of RM2.29 (3.6% above fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1911)

No single metric tells the full story. See the XKLS:5306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Farm Fresh Bhd Business Description

Address No 11-1 Jalan Petaling, Kawasan Perindustrian Larkin, Johor Bahru, JHR, MYS, 80350
Farm Fresh Bhd is engaged in investment holding, rearing of dairy cows, and the production, marketing, and sale of cow's milk and plant-based related products. The company's product portfolio comprises yogurt, plant-based milk, goat's milk, fresh milk, flavoured milk, yogurt drinks, etc. Its reportable segments are Malaysia's operation and Australia's operation. The majority of the company's revenue is generated from Malaysia's operation segment, which includes the rearing of dairy cows and goats; and production, marketing, and sale of cows' and goat's milk, yogurt, plant-based ice cream, and a range of other products; and agrotourism. Geographically, the company generates maximum revenue from Malaysia, and the rest from Australia, Singapore, and other regions.
86GF Score

Get the complete analysis for XKLS:5306

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

RM2.29
Price
RM2.21
GF Value