Johor Plantations Group Bhd (XKLS:5323) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 25% Below Median


XKLS:5323 Johor Plantations Group Bhd XKLS:5323
41 GF Score
Price RM1.78
! 7 Warning Signs
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What is Johor Plantations Group Bhd Piotroski F-Score?

Johor Plantations Group Bhd XKLS:5323 -1.66% 41 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 25% below its 10-year median of 8.00. GuruFocus rates XKLS:5323 with a GF Score™ of 41/100. The stock has 7 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Johor Plantations Group Bhd ranks better than 73.28% 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

Johor Plantations Group Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XKLS:5323' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 8   Max: 9
Current: 6

During the past 6 years, the highest Piotroski F-Score of Johor Plantations Group Bhd was 9. The lowest was 6. And the median was 8.

Johor Plantations Group Bhd  (XKLS:5323) 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.


Johor Plantations Group Bhd Piotroski F-Score Related Terms


Johor Plantations Group Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Johor Plantations Group 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.

Johor Plantations Group Bhd Piotroski F-Score Chart

Johor Plantations Group Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 9.00 7.00

Johor Plantations Group Bhd Quarterly Data
Dec20 Dec21 Dec22 Mar23 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 9.00 N/A N/A 7.00 6.00

XKLS:5323 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Johor Plantations Group 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.


Johor Plantations Group Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XKLS:5323
41GF Score
Johor Plantations Group Bhd XKLS:5323
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 75.193 + 106.038 + 87.861 + 50.354 = RM319 Mil.
Cash Flow from Operations was 124.467 + 162.484 + 267.465 + 11.747 = RM566 Mil.
Revenue was 398.29 + 496.152 + 489.817 + 356.698 = RM1,741 Mil.
Gross Profit was 141.409 + 191.938 + 176.865 + 105.52 = RM616 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4867.025 + 4952.576 + 5321.295 + 5405.228 + 5298.2) / 5 = RM5168.8648 Mil.
Total Assets at the begining of this year (Mar25) was RM4,867 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,626 Mil.
Total Current Assets was RM734 Mil.
Total Current Liabilities was RM191 Mil.
Net Income was 49.744 + 77.106 + 80.505 + 75.928 = RM283 Mil.

Revenue was 360.905 + 404.132 + 464.932 + 340.428 = RM1,570 Mil.
Gross Profit was 115.137 + 169.353 + 170.052 + 126.551 = RM581 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4567.795 + 0 + 4907.878 + 4959.517 + 4867.025) / 5 = RM4825.55375 Mil.
Total Assets at the begining of last year (Mar24) was RM4,568 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,431 Mil.
Total Current Assets was RM602 Mil.
Total Current Liabilities was RM144 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.

Johor Plantations Group Bhd's current Net Income (TTM) was 319. ==> 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.

Johor Plantations Group Bhd's current Cash Flow from Operations (TTM) was 566. ==> 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)
=319.446/4867.025
=0.06563476

ROA (Last Year)=Net Income/Total Assets (Mar24)
=283.283/4567.795
=0.06201745

Johor Plantations Group Bhd's return on assets of this year was 0.06563476. Johor Plantations Group Bhd's return on assets of last year was 0.06201745. ==> 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.

Johor Plantations Group Bhd's current Net Income (TTM) was 319. Johor Plantations Group Bhd's current Cash Flow from Operations (TTM) was 566. ==> 566 > 319 ==> 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
=1625.808/5168.8648
=0.3145387

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1430.867/4825.55375
=0.29651872

Johor Plantations Group Bhd's gearing of this year was 0.3145387. Johor Plantations Group Bhd's gearing of last year was 0.29651872. ==> 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
=733.879/190.926
=3.84378765

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=602.274/143.802
=4.18821713

Johor Plantations Group Bhd's current ratio of this year was 3.84378765. Johor Plantations Group Bhd's current ratio of last year was 4.18821713. ==> 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.

Johor Plantations Group Bhd's number of shares in issue this year was 2499.831. Johor Plantations Group Bhd's number of shares in issue last year was 2500. ==> 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
=615.732/1740.957
=0.35367444

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=581.093/1570.397
=0.37002936

Johor Plantations Group Bhd's gross margin of this year was 0.35367444. Johor Plantations Group Bhd's gross margin of last year was 0.37002936. ==> 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)
=1740.957/4867.025
=0.35770455

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1570.397/4567.795
=0.34379761

Johor Plantations Group Bhd's asset turnover of this year was 0.35770455. Johor Plantations Group Bhd's asset turnover of last year was 0.34379761. ==> 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+0+0+1+0+1
=6

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

Johor Plantations Group Bhd has an F-score of 6 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 6 mean?
Johor Plantations Group Bhd (XKLS:5323) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Johor Plantations Group Bhd and its competitors. This is 25% below median its historical median of 8.00. Over the past decade, Johor Plantations Group Bhd's Piotroski F-Score has ranged from 6.00 to 9.00. According to the industry distribution chart, Johor Plantations Group Bhd ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Johor Plantations Group Bhd's Piotroski F-Score too high?
Johor Plantations Group Bhd's current Piotroski F-Score of 6 is 25% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Johor Plantations Group Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Johor Plantations Group Bhd ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Johor Plantations Group Bhd has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Johor Plantations Group Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Johor Plantations Group Bhd ranks #510 out of 1909 companies for Piotroski F-Score. This puts Johor Plantations Group Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Johor Plantations Group Bhd's value of 6 is 20% above this benchmark. Historically, Johor Plantations Group Bhd's own Piotroski F-Score has ranged from 6.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Johor Plantations Group 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 1,909 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. Johor Plantations Group Bhd's current Piotroski F-Score of 6 is 20% 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 Johor Plantations Group 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. Johor Plantations Group Bhd's current Piotroski F-Score is 6, which is 25% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johor Plantations Group Bhd stock overvalued right now?
Johor Plantations Group Bhd (XKLS:5323) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 25% below median its 10-year median of 8.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Johor Plantations Group Bhd's overall GF Score™ is 41/100 with 7 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 Johor Plantations Group Bhd (XKLS:5323), the current Piotroski F-Score is 6 as of Jun. 29, 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.

Johor Plantations Group Bhd Business Description

Address K.B. 705, Ulu Tiram Estate, Ulu Tiram, Johor Bahru, JHR, MYS, 80990
Johor Plantations Group Bhd is an upstream oil palm plantation company operating predominantly in Johor, Malaysia. It owns, manages, and cultivates oil palms and harvests FFB produced on the plantation estates that it owns. The group operates in four segments: the Upstream segment includes the production of palm oil and palm kernels; the Midstream segment includes the production of bio-methane; the Downstream segment includes a palm oil mill, specialty refinery, renewable energy power plant, kernel crushing plant, and animal feed mill; and Trading and services segment includes training, trading, and other miscellaneous activities. It generates the majority of its revenue from the Upstream segment.
41GF Score

Get the complete analysis for XKLS:5323

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

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