CelcomDigi Bhd (XKLS:6947) Piotroski F-Score: 8 (As of Aug. 01, 2026) — 60% Above Median

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XKLS:6947 CelcomDigi Bhd XKLS:6947
83 GF Score
Price RM2.98
GF Value RM3.85
Valuation Modestly Undervalued
! 7 Warning Signs
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What is CelcomDigi Bhd Piotroski F-Score?

CelcomDigi Bhd XKLS:6947 +1.71% 83 Piotroski F-Score is 8 as of Aug. 01, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XKLS:6947 with a GF Score™ of 83/100 and a GF Value™ of RM3.85 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 353 Telecommunication Services companies, CelcomDigi Bhd ranks better than 97.73% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

CelcomDigi Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:6947' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 8

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

CelcomDigi Bhd  (XKLS:6947) 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.


CelcomDigi Bhd Piotroski F-Score Related Terms


CelcomDigi Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CelcomDigi 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.

CelcomDigi Bhd Piotroski F-Score Chart

CelcomDigi 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 4.00 5.00 6.00 8.00

CelcomDigi 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 5.00 6.00 7.00 8.00 8.00

XKLS:6947 vs VZ, TMUS, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, CelcomDigi 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.


CelcomDigi Bhd Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, CelcomDigi Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:6947
83GF Score
CelcomDigi Bhd XKLS:6947
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 438.938 + 341.229 + 349.592 + 418 = RM1,548 Mil.
Cash Flow from Operations was 938.099 + 1258.608 + 1352.911 + 487 = RM4,037 Mil.
Revenue was 3178.457 + 3124.838 + 3445.089 + 3208 = RM12,956 Mil.
Gross Profit was 2366.192 + 2310.486 + 2392.832 + 2374 = RM9,444 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(36133.603 + 36028.998 + 35875.349 + 36877.565 + 36931) / 5 = RM36369.303 Mil.
Total Assets at the begining of this year (Mar25) was RM36,134 Mil.
Long-Term Debt & Capital Lease Obligation was RM11,302 Mil.
Total Current Assets was RM5,231 Mil.
Total Current Liabilities was RM7,937 Mil.
Net Income was 406.02 + 436.976 + 158.284 + 384 = RM1,385 Mil.

Revenue was 3105.933 + 3126.476 + 3276.047 + 3209 = RM12,717 Mil.
Gross Profit was 2375.148 + 2404.768 + 2462.254 + 2356 = RM9,598 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(36039.878 + 35962.921 + 35947.866 + 36011.518 + 36133.603) / 5 = RM36019.1572 Mil.
Total Assets at the begining of last year (Mar24) was RM36,040 Mil.
Long-Term Debt & Capital Lease Obligation was RM11,295 Mil.
Total Current Assets was RM4,432 Mil.
Total Current Liabilities was RM7,013 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.

CelcomDigi Bhd's current Net Income (TTM) was 1,548. ==> 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.

CelcomDigi Bhd's current Cash Flow from Operations (TTM) was 4,037. ==> 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)
=1547.759/36133.603
=0.04283434

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1385.28/36039.878
=0.03843742

CelcomDigi Bhd's return on assets of this year was 0.04283434. CelcomDigi Bhd's return on assets of last year was 0.03843742. ==> 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.

CelcomDigi Bhd's current Net Income (TTM) was 1,548. CelcomDigi Bhd's current Cash Flow from Operations (TTM) was 4,037. ==> 4,037 > 1,548 ==> 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
=11302/36369.303
=0.31075657

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11295.336/36019.1572
=0.31359246

CelcomDigi Bhd's gearing of this year was 0.31075657. CelcomDigi Bhd's gearing of last year was 0.31359246. ==> 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
=5231/7937
=0.65906514

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4432.149/7012.711
=0.63201649

CelcomDigi Bhd's current ratio of this year was 0.65906514. CelcomDigi Bhd's current ratio of last year was 0.63201649. ==> This year's current ratio is higher. ==> Score 1.

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.

CelcomDigi Bhd's number of shares in issue this year was 11732. CelcomDigi Bhd's number of shares in issue last year was 11732. ==> 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
=9443.51/12956.384
=0.72886926

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9598.17/12717.456
=0.75472406

CelcomDigi Bhd's gross margin of this year was 0.72886926. CelcomDigi Bhd's gross margin of last year was 0.75472406. ==> 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)
=12956.384/36133.603
=0.35856884

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12717.456/36039.878
=0.35287178

CelcomDigi Bhd's asset turnover of this year was 0.35856884. CelcomDigi Bhd's asset turnover of last year was 0.35287178. ==> 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+1+1+0+1
=8

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

CelcomDigi Bhd has an F-score of 8. 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 8 mean?
CelcomDigi Bhd (XKLS:6947) has a Piotroski F-Score of 8 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CelcomDigi Bhd and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, CelcomDigi Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, CelcomDigi Bhd ranks #8 out of 353 companies in the Telecommunication Services industry, placing it in the top 2.3%.
Is CelcomDigi Bhd's Piotroski F-Score too high?
CelcomDigi Bhd's current Piotroski F-Score of 8 is 60% above 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 Telecommunication Services industry median Piotroski F-Score is 6.00. CelcomDigi Bhd's value of 8 is 33.3% above this industry median. Based on the distribution chart, CelcomDigi Bhd ranks #8 out of 353 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, CelcomDigi Bhd has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CelcomDigi Bhd's Piotroski F-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, CelcomDigi Bhd ranks #8 out of 353 companies for Piotroski F-Score. This places CelcomDigi Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. CelcomDigi Bhd's value of 8 is 33.3% above this benchmark. Historically, CelcomDigi 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 6.00, CelcomDigi 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. CelcomDigi Bhd's current Piotroski F-Score of 8 is 33.3% 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 CelcomDigi Bhd and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CelcomDigi Bhd's current Piotroski F-Score is 8, which is 60% 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 CelcomDigi Bhd stock overvalued right now?
Based on GuruFocus' analysis, CelcomDigi Bhd (XKLS:6947) is currently considered Modestly Undervalued. The stock's GF Value™ is RM3.85, compared to a current price of RM2.98 — trading 22.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Telecommunication Services industry median of 6.00. CelcomDigi Bhd's overall GF Score™ is 83/100 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 CelcomDigi Bhd (XKLS:6947), the current Piotroski F-Score is 8 as of Aug. 01, 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 CelcomDigi Bhd (XKLS:6947) Overvalued in 2026?

Based on GuruFocus' analysis, CelcomDigi Bhd stock appears to be undervalued. The current stock price of RM2.98 is trading 22.6% below its estimated GF Value™ of RM3.85. GuruFocus considers CelcomDigi Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:6947:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: RM3.85 vs. price of RM2.98 (22.6% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 33.3% above the Telecommunication Services median (#8 of 353)

No single metric tells the full story. See the XKLS:6947 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CelcomDigi Bhd Business Description

Address No. 6, Persiaran Barat, Seksyen 52, Level 30, Menara CelcomDigi, Petaling Jaya, SGR, MYS, 46200
CelcomDigi Bhd is a telecommunications company. The company is mainly engaged in providing mobile communication and wireless Internet services to customers across the country, and its products and services essentially share a similar risk profile.
83GF Score

Get the complete analysis for XKLS:6947

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

RM2.98
Price
RM3.85
GF Value