Astro Malaysia Holdings Bhd (XKLS:6399) Piotroski F-Score: 5 (As of Jun. 26, 2026) — Near Median


What is Astro Malaysia Holdings Bhd Piotroski F-Score?

Astro Malaysia Holdings Bhd XKLS:6399 -7.69% Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. The stock has 7 warning signs investors should review. Among 1,015 Media - Diversified companies, Astro Malaysia Holdings Bhd ranks better than 60.1% 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

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

XKLS:6399' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Astro Malaysia Holdings Bhd was 8. The lowest was 4. And the median was 5.

Astro Malaysia Holdings Bhd  (XKLS:6399) 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.


Astro Malaysia Holdings Bhd Piotroski F-Score Related Terms


Astro Malaysia Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Astro Malaysia 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.

Astro Malaysia Holdings Bhd Piotroski F-Score Chart

Astro Malaysia Holdings Bhd Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 5.00 5.00 5.00

Astro Malaysia Holdings Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 6.00 5.00 5.00 5.00

XKLS:6399 vs NFLX, DIS, WBD: Piotroski F-Score Comparison

For the Entertainment subindustry, Astro Malaysia 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.


Astro Malaysia Holdings Bhd Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Astro Malaysia Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 16.4 + 9.2 + 24 + 1.6 = RM51 Mil.
Cash Flow from Operations was 223.2 + 190.6 + 172.453 + 174.3 = RM761 Mil.
Revenue was 683.2 + 695.6 + 712.9 + 659.6 = RM2,751 Mil.
Gross Profit was 168.7 + 178.5 + 169 + 149.7 = RM666 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(5384.2 + 5358.3 + 5160.9 + 4973.246 + 4831.3) / 5 = RM5141.5892 Mil.
Total Assets at the begining of this year (Apr25) was RM5,384 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,901 Mil.
Total Current Assets was RM1,005 Mil.
Total Current Liabilities was RM1,447 Mil.
Net Income was 54.7 + 47 + 10.4 + 13.5 = RM126 Mil.

Revenue was 787.3 + 749.7 + 766.4 + 703.1 = RM3,007 Mil.
Gross Profit was 207.7 + 199 + 205 + 176 = RM788 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(5607.4 + 5645.2 + 5516.7 + 5483.144 + 5384.2) / 5 = RM5527.3288 Mil.
Total Assets at the begining of last year (Apr24) was RM5,607 Mil.
Long-Term Debt & Capital Lease Obligation was RM2,588 Mil.
Total Current Assets was RM1,327 Mil.
Total Current Liabilities was RM1,385 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.

Astro Malaysia Holdings Bhd's current Net Income (TTM) was 51. ==> 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.

Astro Malaysia Holdings Bhd's current Cash Flow from Operations (TTM) was 761. ==> 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 (Apr25)
=51.2/5384.2
=0.00950931

ROA (Last Year)=Net Income/Total Assets (Apr24)
=125.6/5607.4
=0.02239897

Astro Malaysia Holdings Bhd's return on assets of this year was 0.00950931. Astro Malaysia Holdings Bhd's return on assets of last year was 0.02239897. ==> 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.

Astro Malaysia Holdings Bhd's current Net Income (TTM) was 51. Astro Malaysia Holdings Bhd's current Cash Flow from Operations (TTM) was 761. ==> 761 > 51 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=1901.2/5141.5892
=0.36976894

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=2587.8/5527.3288
=0.46818275

Astro Malaysia Holdings Bhd's gearing of this year was 0.36976894. Astro Malaysia Holdings Bhd's gearing of last year was 0.46818275. ==> 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: Apr26)=Total Current Assets/Total Current Liabilities
=1005.4/1446.5
=0.69505703

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=1326.8/1385.4
=0.95770175

Astro Malaysia Holdings Bhd's current ratio of this year was 0.69505703. Astro Malaysia Holdings Bhd's current ratio of last year was 0.95770175. ==> 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.

Astro Malaysia Holdings Bhd's number of shares in issue this year was 5225.8. Astro Malaysia Holdings Bhd's number of shares in issue last year was 5241.3. ==> 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
=665.9/2751.3
=0.24203104

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=787.7/3006.5
=0.261999

Astro Malaysia Holdings Bhd's gross margin of this year was 0.24203104. Astro Malaysia Holdings Bhd's gross margin of last year was 0.261999. ==> 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 (Apr25)
=2751.3/5384.2
=0.51099513

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=3006.5/5607.4
=0.53616649

Astro Malaysia Holdings Bhd's asset turnover of this year was 0.51099513. Astro Malaysia Holdings Bhd's asset turnover of last year was 0.53616649. ==> Last year's asset turnover is higher ==> Score 0.

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+0+0
=5

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

Astro Malaysia Holdings 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?
Astro Malaysia Holdings Bhd (XKLS:6399) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Astro Malaysia Holdings Bhd and its competitors. This is near median its historical median of 5.00. Over the past decade, Astro Malaysia Holdings Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Astro Malaysia Holdings Bhd ranks #405 out of 1015 companies in the Media - Diversified industry, placing it in the top 39.9%.
Is Astro Malaysia Holdings Bhd's Piotroski F-Score too high?
Astro Malaysia Holdings Bhd's current Piotroski F-Score of 5 is near 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 Media - Diversified industry median Piotroski F-Score is 5.00. Astro Malaysia Holdings Bhd's value of 5 is 0% at this industry median. Based on the distribution chart, Astro Malaysia Holdings Bhd ranks #405 out of 1015 companies in the Media - Diversified industry, which is above the industry midpoint.
How does Astro Malaysia Holdings Bhd's Piotroski F-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Astro Malaysia Holdings Bhd ranks #405 out of 1015 companies for Piotroski F-Score. This puts Astro Malaysia Holdings Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Astro Malaysia Holdings Bhd's value of 5 is 0% at this benchmark. Historically, Astro Malaysia Holdings 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, Astro Malaysia Holdings 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 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. Astro Malaysia Holdings 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 Astro Malaysia Holdings Bhd and its competitors. For the Media - Diversified 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. Astro Malaysia Holdings Bhd's current Piotroski F-Score is 5, which is near 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 Astro Malaysia Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Astro Malaysia Holdings Bhd (XKLS:6399) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.20, compared to a current price of RM0.06 — trading 70% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Media - Diversified industry median of 5.00. 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 Astro Malaysia Holdings Bhd (XKLS:6399), the current Piotroski F-Score is 5 as of Jun. 26, 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.

Astro Malaysia Holdings Bhd Business Description

Address Lebuhraya Puchong-Sungai Besi, Technology Park Malaysia, All Asia Broadcast Centre, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000
Astro Malaysia Holdings Bhd is an entertainment holding company operating in the diversified media industry. The company's business segments include Television, Radio, and others. The Television segment provides content, creation, and aggregation of media. Additionally, it provides magazine publication and distribution. The radio segment provides radio broadcasting services to customers. The company generates the majority of its revenue in Malaysia.