Itmax System BhdXKLS:5309 -1.22%98 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XKLS:5309 with a GF Score™ of 98/100 and a GF Value™ of RM4.69 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,063 Business Services companies, Itmax System Bhd ranks better than 97.74% 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
Itmax System 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 Itmax System Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:5309'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 8
During the past 7 years, the highest Piotroski F-Score of Itmax System Bhd was 8. The lowest was 4. And the median was 5.
Itmax System Bhd (XKLS:5309) 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.
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.
Itmax System Bhd Piotroski F-Score Related Terms
Itmax System Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Itmax System 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.
XKLS:5309 vs ALLE, MSA, ADT: Piotroski F-Score Comparison
For the Security & Protection Services subindustry, Itmax System 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.
Itmax System Bhd Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Itmax System Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Itmax System Bhd's Piotroski F-Score falls into.
* 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.
*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.
Itmax System Bhd's current Net Income (TTM) was 98.4.
==> 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.
Itmax System Bhd's return on assets of this year was 0.19201545. Itmax System Bhd's return on assets of last year was 0.18145631.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Itmax System Bhd's gearing of this year was 0.02270273. Itmax System Bhd's gearing of last year was 0.03863188.
==> 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
Itmax System Bhd's current ratio of this year was 3.0290795. Itmax System Bhd's current ratio of last year was 4.93381054.
==> 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.
Itmax System Bhd's number of shares in issue this year was 1054.62. Itmax System Bhd's number of shares in issue last year was 1060.852.
==> 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.
Itmax System Bhd's gross margin of this year was 0.71356843. Itmax System Bhd's gross margin of last year was 0.62790625.
==> 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
Itmax System Bhd's asset turnover of this year was 0.51142656. Itmax System Bhd's asset turnover of last year was 0.49508038.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Itmax System Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Itmax System Bhd (XKLS:5309) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Itmax System Bhd and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Itmax System Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Itmax System Bhd ranks #24 out of 1063 companies in the Business Services industry, placing it in the top 2.3%.
Is Itmax System Bhd's Piotroski F-Score too high?
Itmax System 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 4.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Itmax System Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Itmax System Bhd ranks #24 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Itmax System Bhd has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Itmax System Bhd's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Itmax System Bhd ranks #24 out of 1063 companies for Piotroski F-Score. This places Itmax System Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Itmax System Bhd's value of 8 is 60% above this benchmark. Historically, Itmax System Bhd's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Itmax System 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Itmax System 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 Itmax System Bhd and its competitors. For the Business Services 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. Itmax System 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 Itmax System Bhd stock overvalued right now?
Based on GuruFocus' analysis, Itmax System Bhd (XKLS:5309) is currently considered Fairly Valued. The stock's GF Value™ is RM4.69, compared to a current price of RM4.84 — trading 3.2% above 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 Business Services industry median of 5.00. Itmax System Bhd's overall GF Score™ is 98/100 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 Itmax System Bhd (XKLS:5309), the current Piotroski F-Score is 8 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 Itmax System Bhd (XKLS:5309) Overvalued in 2026?
Based on GuruFocus' analysis, Itmax System Bhd stock appears to be overvalued.
The current stock price of RM4.84 is trading 3.2% above its estimated GF Value™ of RM4.69.
GuruFocus considers Itmax System Bhd to be Fairly Valued.
Key valuation signals for XKLS:5309:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: RM4.69 vs. price of RM4.84 (3.2% above fair value)
Industry Position: 60% above the Business Services median (#24 of 1063)
No single metric tells the full story. See the XKLS:5309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itmax System Bhd is principally engaged in the business of supplying, installing, and providing public space networked systems and investment holding. The company develops networking solutions for smart video surveillance, smart parking, smart traffic management, smart street lighting and communication networks. Geographically, the company operates only in Malaysia.
98GF Score
Get the complete analysis for XKLS:5309
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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