Aeon Co (M) Bhd (XKLS:6599) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


XKLS:6599 Aeon Co (M) Bhd XKLS:6599
76 GF Score
Price RM1.06
GF Value RM1.30
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Aeon Co (M) Bhd Piotroski F-Score?

Aeon Co (M) Bhd XKLS:6599 +0.95% 76 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates XKLS:6599 with a GF Score™ of 76/100 and a GF Value™ of RM1.30 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Aeon Co (M) Bhd ranks better than 72.93% 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

Aeon Co (M) 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 Aeon Co (M) Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:6599' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Aeon Co (M) Bhd was 8. The lowest was 4. And the median was 6.

Aeon Co (M) Bhd  (XKLS:6599) 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.


Aeon Co (M) Bhd Piotroski F-Score Related Terms


Aeon Co (M) Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aeon Co (M) 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.

Aeon Co (M) Bhd Piotroski F-Score Chart

Aeon Co (M) 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 6.00 7.00 7.00 7.00 5.00

Aeon Co (M) 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 7.00 6.00 6.00 5.00 6.00

XKLS:6599 vs DDS, M: Piotroski F-Score Comparison

For the Department Stores subindustry, Aeon Co (M) 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.


Aeon Co (M) Bhd Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Aeon Co (M) Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aeon Co (M) Bhd's Piotroski F-Score falls into.


XKLS:6599
76GF Score
Aeon Co (M) Bhd XKLS:6599
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 12.3 + 14.6 + 38.8 + 83.7 = RM149 Mil.
Cash Flow from Operations was -21.9 + 149.1 + 310.043 + 346.3 = RM784 Mil.
Revenue was 999.6 + 995.2 + 1049.3 + 1242.3 = RM4,286 Mil.
Gross Profit was 999.6 + 995.2 + 1049.3 + 1242.3 = RM4,286 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5703 + 5403.7 + 5560.5 + 5799.392 + 5977.4) / 5 = RM5688.7984 Mil.
Total Assets at the begining of this year (Mar25) was RM5,703 Mil.
Long-Term Debt & Capital Lease Obligation was RM1,938 Mil.
Total Current Assets was RM1,337 Mil.
Total Current Liabilities was RM1,877 Mil.
Net Income was 27.7 + 18.8 + 24 + 68.1 = RM139 Mil.

Revenue was 1020.9 + 1003 + 1070.2 + 1244.8 = RM4,339 Mil.
Gross Profit was 1020.9 + 1003 + 1070.2 + 1244.8 = RM4,339 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5377.9 + 5155.7 + 5328 + 5634.759 + 5703) / 5 = RM5439.8718 Mil.
Total Assets at the begining of last year (Mar24) was RM5,378 Mil.
Long-Term Debt & Capital Lease Obligation was RM2,036 Mil.
Total Current Assets was RM1,158 Mil.
Total Current Liabilities was RM1,583 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.

Aeon Co (M) Bhd's current Net Income (TTM) was 149. ==> 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.

Aeon Co (M) Bhd's current Cash Flow from Operations (TTM) was 784. ==> 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)
=149.4/5703
=0.02619674

ROA (Last Year)=Net Income/Total Assets (Mar24)
=138.6/5377.9
=0.02577214

Aeon Co (M) Bhd's return on assets of this year was 0.02619674. Aeon Co (M) Bhd's return on assets of last year was 0.02577214. ==> 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.

Aeon Co (M) Bhd's current Net Income (TTM) was 149. Aeon Co (M) Bhd's current Cash Flow from Operations (TTM) was 784. ==> 784 > 149 ==> 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
=1937.6/5688.7984
=0.34059917

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2036.4/5439.8718
=0.37434706

Aeon Co (M) Bhd's gearing of this year was 0.34059917. Aeon Co (M) Bhd's gearing of last year was 0.37434706. ==> 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
=1336.8/1876.8
=0.71227621

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1157.5/1583.1
=0.73116038

Aeon Co (M) Bhd's current ratio of this year was 0.71227621. Aeon Co (M) Bhd's current ratio of last year was 0.73116038. ==> 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.

Aeon Co (M) Bhd's number of shares in issue this year was 1404. Aeon Co (M) Bhd's number of shares in issue last year was 1404. ==> 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
=4286.4/4286.4
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4338.9/4338.9
=1

Aeon Co (M) Bhd's gross margin of this year was 1. Aeon Co (M) Bhd's gross margin of last year was 1. ==> 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)
=4286.4/5703
=0.75160442

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4338.9/5377.9
=0.80680191

Aeon Co (M) Bhd's asset turnover of this year was 0.75160442. Aeon Co (M) Bhd's asset turnover of last year was 0.80680191. ==> 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+1+1+1+0+1+0+0
=6

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

Aeon Co (M) 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?
Aeon Co (M) Bhd (XKLS:6599) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aeon Co (M) Bhd and its competitors. This is near median its historical median of 6.00. Over the past decade, Aeon Co (M) Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Aeon Co (M) Bhd ranks #298 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 27.1%.
Is Aeon Co (M) Bhd's Piotroski F-Score too high?
Aeon Co (M) Bhd's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Aeon Co (M) Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, Aeon Co (M) Bhd ranks #298 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Aeon Co (M) Bhd has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aeon Co (M) Bhd's Piotroski F-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Aeon Co (M) Bhd ranks #298 out of 1101 companies for Piotroski F-Score. This puts Aeon Co (M) Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Aeon Co (M) Bhd's value of 6 is 20% above this benchmark. Historically, Aeon Co (M) 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 6.00 vs. the industry median of 5.00, Aeon Co (M) 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Aeon Co (M) 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 Aeon Co (M) Bhd and its competitors. For the Retail - Cyclical 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. Aeon Co (M) Bhd's current Piotroski F-Score is 6, which is near 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 Aeon Co (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Aeon Co (M) Bhd (XKLS:6599) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.30, compared to a current price of RM1.06 — trading 18.5% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Retail - Cyclical industry median of 5.00. Aeon Co (M) Bhd's overall GF Score™ is 76/100 with 6 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 Aeon Co (M) Bhd (XKLS:6599), the current Piotroski F-Score is 6 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.

Is Aeon Co (M) Bhd (XKLS:6599) Overvalued in 2026?

Based on GuruFocus' analysis, Aeon Co (M) Bhd stock appears to be undervalued. The current stock price of RM1.06 is trading 18.5% below its estimated GF Value™ of RM1.30. GuruFocus considers Aeon Co (M) Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:6599:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: RM1.30 vs. price of RM1.06 (18.5% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#298 of 1101)

No single metric tells the full story. See the XKLS:6599 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aeon Co (M) Bhd Business Description

Address Jalan Jejaka, 3rd Floor, AEON Taman Maluri Shopping Centre, Cheras, Kuala Lumpur, MYS, 55100
Aeon Co (M) Bhd is principally engaged in the operations of a chain of departmental stores and supermarkets selling a broad range of goods ranging from clothing, food, household goods, other merchandise and shopping centre operation. The two main reportable segments are: i) Retailing: The operations of a chain of departmental stores and supermarkets selling a broad range of goods ranging from clothing, food, household goods and other merchandise, ii) Property management services: Shopping mall operation. The majority of the company's revenue is derived from the Retailing segment. Geographically, the company is predominantly operating in Malaysia.
76GF Score

Get the complete analysis for XKLS:6599

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

RM1.06
Price
RM1.30
GF Value