OCB Bhd (XKLS:5533) Piotroski F-Score: 7 (As of Jul. 15, 2026) — 17% Above Median

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XKLS:5533 OCB Bhd XKLS:5533
43 GF Score
Price RM0.92
GF Value RM0.76
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is OCB Bhd Piotroski F-Score?

OCB Bhd XKLS:5533 43 Piotroski F-Score is 7 as of Jul. 15, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates XKLS:5533 with a GF Score™ of 43/100 and a GF Value™ of RM0.76 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, OCB Bhd ranks better than 88.38% 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

OCB 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 OCB Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:5533' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of OCB Bhd was 9. The lowest was 3. And the median was 6.

OCB Bhd  (XKLS:5533) 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.


OCB Bhd Piotroski F-Score Related Terms


OCB Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OCB 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.

OCB Bhd Piotroski F-Score Chart

OCB Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 9.00 8.00 7.00

OCB 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 8.00 8.00 7.00 7.00 7.00

XKLS:5533 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, OCB 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.


OCB Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XKLS:5533
43GF Score
OCB Bhd XKLS:5533
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 6.691 + 2.878 + 2.214 + 3.805 = RM15.6 Mil.
Cash Flow from Operations was 22.602 + 8.993 + 8.447 + 10.033 = RM50.1 Mil.
Revenue was 79.005 + 76.446 + 75.699 + 66.538 = RM297.7 Mil.
Gross Profit was 19.158 + 16.375 + 17.694 + 14.581 = RM67.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(282.552 + 279.184 + 270.963 + 297.798 + 290.895) / 5 = RM284.2784 Mil.
Total Assets at the begining of this year (Mar25) was RM282.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM11.1 Mil.
Total Current Assets was RM162.9 Mil.
Total Current Liabilities was RM72.1 Mil.
Net Income was 2.061 + 3.252 + -6.729 + 5.661 = RM4.2 Mil.

Revenue was 76.104 + 100.109 + 64.957 + 87.609 = RM328.8 Mil.
Gross Profit was 17.827 + 21.497 + 18.464 + 17.427 = RM75.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(316.147 + 317.085 + 327.867 + 299.955 + 282.552) / 5 = RM308.7212 Mil.
Total Assets at the begining of last year (Mar24) was RM316.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM21.4 Mil.
Total Current Assets was RM172.5 Mil.
Total Current Liabilities was RM68.0 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.

OCB Bhd's current Net Income (TTM) was 15.6. ==> 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.

OCB Bhd's current Cash Flow from Operations (TTM) was 50.1. ==> 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)
=15.588/282.552
=0.05516861

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4.245/316.147
=0.0134273

OCB Bhd's return on assets of this year was 0.05516861. OCB Bhd's return on assets of last year was 0.0134273. ==> 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.

OCB Bhd's current Net Income (TTM) was 15.6. OCB Bhd's current Cash Flow from Operations (TTM) was 50.1. ==> 50.1 > 15.6 ==> 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
=11.118/284.2784
=0.03910955

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=21.432/308.7212
=0.06942186

OCB Bhd's gearing of this year was 0.03910955. OCB Bhd's gearing of last year was 0.06942186. ==> 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
=162.916/72.11
=2.25927056

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=172.525/68.034
=2.53586442

OCB Bhd's current ratio of this year was 2.25927056. OCB Bhd's current ratio of last year was 2.53586442. ==> 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.

OCB Bhd's number of shares in issue this year was 102.85. OCB Bhd's number of shares in issue last year was 102.85. ==> 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
=67.808/297.688
=0.22778211

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=75.215/328.779
=0.22877069

OCB Bhd's gross margin of this year was 0.22778211. OCB Bhd's gross margin of last year was 0.22877069. ==> 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)
=297.688/282.552
=1.0535689

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=328.779/316.147
=1.0399561

OCB Bhd's asset turnover of this year was 1.0535689. OCB Bhd's asset turnover of last year was 1.0399561. ==> 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+0+1+0+1
=7

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

OCB 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?
OCB Bhd (XKLS:5533) has a Piotroski F-Score of 7 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OCB Bhd and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, OCB Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, OCB Bhd ranks #222 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is OCB Bhd's Piotroski F-Score too high?
OCB Bhd's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. OCB Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, OCB Bhd ranks #222 out of 1910 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, OCB Bhd has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OCB Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, OCB Bhd ranks #222 out of 1910 companies for Piotroski F-Score. This places OCB Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. OCB Bhd's value of 7 is 40% above this benchmark. Historically, OCB Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, OCB 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 1,910 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. OCB 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 OCB 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. OCB Bhd's current Piotroski F-Score is 7, which is 17% above 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 OCB Bhd stock overvalued right now?
Based on GuruFocus' analysis, OCB Bhd (XKLS:5533) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.76, compared to a current price of RM0.92 — trading 21.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. OCB Bhd's overall GF Score™ is 43/100 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 OCB Bhd (XKLS:5533), the current Piotroski F-Score is 7 as of Jul. 15, 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 OCB Bhd (XKLS:5533) Overvalued in 2026?

Based on GuruFocus' analysis, OCB Bhd stock appears to be overvalued. The current stock price of RM0.92 is trading 21.1% above its estimated GF Value™ of RM0.76. GuruFocus considers OCB Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5533:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: RM0.76 vs. price of RM0.92 (21.1% above fair value)
  • GF Score™: 43/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1910)

No single metric tells the full story. See the XKLS:5533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OCB Bhd Business Description

Address Jalan SS 6/6, Kelana Jaya, 2B-5, Level 5, Petaling Jaya, SGR, MYS, 47301
OCB Bhd is an investment holding company. It has three segments: the Consumer Foods Division, the Bedding Products Division, and the Property Development Division. The Consumer Foods Division, which generates the maximum revenue, is a producer of quality instant noodles, mayonnaise, seasoning powder, seasoning oil, sauces and food ingredients. The Bedding Products Division manufactures and distributes mattresses, divans and assorted bedding accessories. The Property Development Division engages in the development of properties and related activities. The other segment engages in investment holding and property holding. Geographically, the company generates maximum revenue from Malaysia, followed by Indonesia, the Republic of Singapore, Australia and others.
43GF Score

Get the complete analysis for XKLS:5533

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

RM0.92
Price
RM0.76
GF Value