Borneo Oil Bhd (XKLS:7036) Piotroski F-Score: 4 (As of Jun. 27, 2026) — Near Median


What is Borneo Oil Bhd Piotroski F-Score?

Borneo Oil Bhd XKLS:7036 Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. The stock has 6 warning signs investors should review. Among 555 Conglomerates companies, Borneo Oil Bhd ranks worse than 70.81% 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

Borneo Oil Bhd has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

XKLS:7036' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Borneo Oil Bhd was 6. The lowest was 1. And the median was 4.

Borneo Oil Bhd  (XKLS:7036) 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.


Borneo Oil Bhd Piotroski F-Score Related Terms


Borneo Oil Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Borneo Oil 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.

Borneo Oil Bhd Piotroski F-Score Chart

Borneo Oil Bhd Annual Data
Trend Jan15 Jan16 Jan17 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 2.00 3.00 3.00

Borneo Oil 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 3.00 3.00 4.00 4.00 4.00

XKLS:7036 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Borneo Oil 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.


Borneo Oil Bhd Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Borneo Oil Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Borneo Oil 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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -90.81 + -7.475 + -34.75 + -2.899 = RM-135.93 Mil.
Cash Flow from Operations was -0.108 + 2.345 + -0.123 + -0.057 = RM2.06 Mil.
Revenue was 22.078 + 18.884 + 22.366 + 22.489 = RM85.82 Mil.
Gross Profit was 6.043 + 4.215 + 7.104 + 7.56 = RM24.92 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(855.362 + 772.715 + 769.834 + 736.818 + 726.972) / 5 = RM772.3402 Mil.
Total Assets at the begining of this year (Mar25) was RM855.36 Mil.
Long-Term Debt & Capital Lease Obligation was RM65.04 Mil.
Total Current Assets was RM58.88 Mil.
Total Current Liabilities was RM36.41 Mil.
Net Income was 131.519 + -157.362 + 17.52 + -70.376 = RM-78.70 Mil.

Revenue was 22.171 + 19.221 + 19.697 + 20.657 = RM81.75 Mil.
Gross Profit was 0.182 + 2.612 + 4.074 + 6.628 = RM13.50 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(895.363 + 1030.451 + 872.476 + 915.065 + 855.362) / 5 = RM913.7434 Mil.
Total Assets at the begining of last year (Mar24) was RM895.36 Mil.
Long-Term Debt & Capital Lease Obligation was RM70.92 Mil.
Total Current Assets was RM72.48 Mil.
Total Current Liabilities was RM36.33 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.

Borneo Oil Bhd's current Net Income (TTM) was -135.93. ==> Negative ==> Score 0.

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.

Borneo Oil Bhd's current Cash Flow from Operations (TTM) was 2.06. ==> 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)
=-135.934/855.362
=-0.15891985

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-78.699/895.363
=-0.08789619

Borneo Oil Bhd's return on assets of this year was -0.15891985. Borneo Oil Bhd's return on assets of last year was -0.08789619. ==> 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.

Borneo Oil Bhd's current Net Income (TTM) was -135.93. Borneo Oil Bhd's current Cash Flow from Operations (TTM) was 2.06. ==> 2.06 > -135.93 ==> 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
=65.038/772.3402
=0.08420901

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=70.918/913.7434
=0.0776126

Borneo Oil Bhd's gearing of this year was 0.08420901. Borneo Oil Bhd's gearing of last year was 0.0776126. ==> 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
=58.878/36.409
=1.61712763

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=72.484/36.329
=1.99521044

Borneo Oil Bhd's current ratio of this year was 1.61712763. Borneo Oil Bhd's current ratio of last year was 1.99521044. ==> 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.

Borneo Oil Bhd's number of shares in issue this year was 15195.714. Borneo Oil Bhd's number of shares in issue last year was 13155.111. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=24.922/85.817
=0.29040866

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.496/81.746
=0.16509676

Borneo Oil Bhd's gross margin of this year was 0.29040866. Borneo Oil Bhd's gross margin of last year was 0.16509676. ==> This year's gross margin is higher. ==> Score 1.

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)
=85.817/855.362
=0.10032828

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=81.746/895.363
=0.09129928

Borneo Oil Bhd's asset turnover of this year was 0.10032828. Borneo Oil Bhd's asset turnover of last year was 0.09129928. ==> 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
=0+1+0+1+0+0+0+1+1
=4

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

Borneo Oil Bhd has an F-score of 4 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 4 mean?
Borneo Oil Bhd (XKLS:7036) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Borneo Oil Bhd and its competitors. This is near median its historical median of 4.00. Over the past decade, Borneo Oil Bhd's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Borneo Oil Bhd ranks #393 out of 555 companies in the Conglomerates industry, placing it in the top 70.8%.
Is Borneo Oil Bhd's Piotroski F-Score too high?
Borneo Oil Bhd's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Conglomerates industry median Piotroski F-Score is 5.00. Borneo Oil Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, Borneo Oil Bhd ranks #393 out of 555 companies in the Conglomerates industry, which is below the industry midpoint.
How does Borneo Oil Bhd's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Borneo Oil Bhd ranks #393 out of 555 companies for Piotroski F-Score. This places Borneo Oil Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Borneo Oil Bhd's value of 4 is 20% below this benchmark. Historically, Borneo Oil Bhd's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Borneo Oil Bhd has consistently been below 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Borneo Oil Bhd's current Piotroski F-Score of 4 is 20% below 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 Borneo Oil Bhd and its competitors. For the Conglomerates 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. Borneo Oil Bhd's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borneo Oil Bhd stock overvalued right now?
Based on GuruFocus' analysis, Borneo Oil Bhd (XKLS:7036) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.01, compared to a current price of RM0.01 — trading 50% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Conglomerates 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 Borneo Oil Bhd (XKLS:7036), the current Piotroski F-Score is 4 as of Jun. 27, 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.

Borneo Oil Bhd Business Description

Address Jalan Satok, Lot 180, Section 19, KTLD, Kuching, SWK, MYS, 93400
Borneo Oil Bhd is a Malaysia-based investment holding company. The company's operating segment includes Head office and others; Food and franchise operations includes ownership of restaurant chains, food manufacturing, and franchise operations; Property investment: Activities involve property maintenance and optimising property portfolios to enhance investment return. Management and Resources and sustainable energy: This includes activities such as mining and the supply of mineral resources. It generates maximum revenue from the Food and franchise operations segment. Geographically, it derives a majority of revenue from Malaysia.