DXN Holdings Bhd (XKLS:5318) Piotroski F-Score: 7 (As of Aug. 02, 2026) — 40% Above Median

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XKLS:5318 DXN Holdings Bhd XKLS:5318
59 GF Score
Price RM0.47
GF Value RM0.51
Valuation Fairly Valued
! 2 Warning Signs
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What is DXN Holdings Bhd Piotroski F-Score?

DXN Holdings Bhd XKLS:5318 59 Piotroski F-Score is 7 as of Aug. 02, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates XKLS:5318 with a GF Score™ of 59/100 and a GF Value™ of RM0.51 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, DXN Holdings Bhd ranks better than 88.4% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

DXN Holdings Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:5318' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of DXN Holdings Bhd was 7. The lowest was 5. And the median was 5.

DXN Holdings Bhd  (XKLS:5318) 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.


DXN Holdings Bhd Piotroski F-Score Related Terms


DXN Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DXN Holdings 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.

DXN Holdings Bhd Piotroski F-Score Chart

DXN Holdings Bhd Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 6.00 5.00 6.00

DXN Holdings Bhd Quarterly Data
Feb20 Feb21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.00 6.00 7.00

XKLS:5318 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, DXN Holdings 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.


DXN Holdings Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XKLS:5318
59GF Score
DXN Holdings Bhd XKLS:5318
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 (May26) TTM:Last Year (May25) TTM:
Net Income was 70.257 + 64.762 + 62.588 + 58.533 = RM256 Mil.
Cash Flow from Operations was 121.549 + 63.739 + 115.84 + 74.303 = RM375 Mil.
Revenue was 481.203 + 463.303 + 474.912 + 443.03 = RM1,862 Mil.
Gross Profit was 405.688 + 395.595 + 407.508 + 377.828 = RM1,587 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(2002.605 + 2099.548 + 2182.524 + 2161.45 + 2199.873) / 5 = RM2129.2 Mil.
Total Assets at the begining of this year (May25) was RM2,003 Mil.
Long-Term Debt & Capital Lease Obligation was RM26 Mil.
Total Current Assets was RM1,078 Mil.
Total Current Liabilities was RM718 Mil.
Net Income was 65.973 + 92.778 + 83.752 + 73.913 = RM316 Mil.

Revenue was 488.433 + 486.094 + 458.896 + 479.061 = RM1,912 Mil.
Gross Profit was 407.29 + 411.981 + 395.748 + 409.082 = RM1,624 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(2090.891 + 2081.026 + 2129.689 + 2088.404 + 2002.605) / 5 = RM2078.523 Mil.
Total Assets at the begining of last year (May24) was RM2,091 Mil.
Long-Term Debt & Capital Lease Obligation was RM31 Mil.
Total Current Assets was RM1,000 Mil.
Total Current Liabilities was RM640 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.

DXN Holdings Bhd's current Net Income (TTM) was 256. ==> 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.

DXN Holdings Bhd's current Cash Flow from Operations (TTM) was 375. ==> 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 (May25)
=256.14/2002.605
=0.12790341

ROA (Last Year)=Net Income/Total Assets (May24)
=316.416/2090.891
=0.1513307

DXN Holdings Bhd's return on assets of this year was 0.12790341. DXN Holdings Bhd's return on assets of last year was 0.1513307. ==> 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.

DXN Holdings Bhd's current Net Income (TTM) was 256. DXN Holdings Bhd's current Cash Flow from Operations (TTM) was 375. ==> 375 > 256 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=25.693/2129.2
=0.01206697

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=31.471/2078.523
=0.01514104

DXN Holdings Bhd's gearing of this year was 0.01206697. DXN Holdings Bhd's gearing of last year was 0.01514104. ==> 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: May26)=Total Current Assets/Total Current Liabilities
=1078.396/717.785
=1.50239417

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=999.988/640.143
=1.56213221

DXN Holdings Bhd's current ratio of this year was 1.50239417. DXN Holdings Bhd's current ratio of last year was 1.56213221. ==> 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.

DXN Holdings Bhd's number of shares in issue this year was 4972.195. DXN Holdings Bhd's number of shares in issue last year was 4972.261. ==> 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
=1586.619/1862.448
=0.85189976

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1624.101/1912.484
=0.84921024

DXN Holdings Bhd's gross margin of this year was 0.85189976. DXN Holdings Bhd's gross margin of last year was 0.84921024. ==> 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 (May25)
=1862.448/2002.605
=0.93001266

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=1912.484/2090.891
=0.91467417

DXN Holdings Bhd's asset turnover of this year was 0.93001266. DXN Holdings Bhd's asset turnover of last year was 0.91467417. ==> 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+0+1+1+0+1+1+1
=7

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

DXN Holdings Bhd has an F-score of 7. 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 7 mean?
DXN Holdings Bhd (XKLS:5318) has a Piotroski F-Score of 7 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DXN Holdings Bhd and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, DXN Holdings Bhd's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, DXN Holdings Bhd ranks #222 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is DXN Holdings Bhd's Piotroski F-Score too high?
DXN Holdings Bhd's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. DXN Holdings Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, DXN Holdings Bhd ranks #222 out of 1913 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, DXN Holdings Bhd has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DXN Holdings Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, DXN Holdings Bhd ranks #222 out of 1913 companies for Piotroski F-Score. This places DXN Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. DXN Holdings Bhd's value of 7 is 40% above this benchmark. Historically, DXN Holdings Bhd's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, DXN Holdings 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,913 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. DXN Holdings Bhd's current Piotroski F-Score of 7 is 40% 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 DXN Holdings 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. DXN Holdings Bhd's current Piotroski F-Score is 7, which is 40% 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 DXN Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, DXN Holdings Bhd (XKLS:5318) is currently considered Fairly Valued. The stock's GF Value™ is RM0.51, compared to a current price of RM0.47 — trading 8.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Consumer Packaged Goods industry median of 5.00. DXN Holdings Bhd's overall GF Score™ is 59/100 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 DXN Holdings Bhd (XKLS:5318), the current Piotroski F-Score is 7 as of Aug. 02, 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 DXN Holdings Bhd (XKLS:5318) Overvalued in 2026?

Based on GuruFocus' analysis, DXN Holdings Bhd stock appears to be undervalued. The current stock price of RM0.47 is trading 8.8% below its estimated GF Value™ of RM0.51. GuruFocus considers DXN Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:5318:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: RM0.51 vs. price of RM0.47 (8.8% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1913)

No single metric tells the full story. See the XKLS:5318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DXN Holdings Bhd Business Description

Address 213 Lebuhraya Sultan Abdul Halim, Alor Setar, KDH, MYS, 05400
DXN Holdings Bhd is engaged in the cultivation, manufacturing, and marketing of health food supplements. Based in Malaysia with other countries, the company is known for its Ganoderma business. Its product lines include dietary supplements, food and beverages, personal care products, skincare, cosmetics, household products, and water treatment systems. It has two segments: Health and wellness consumer products and Investment holding.
59GF Score

Get the complete analysis for XKLS:5318

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

RM0.47
Price
RM0.51
GF Value