AE Multi Holdings Bhd (XKLS:7146) Piotroski F-Score: 7 (As of Jul. 05, 2026) — 75% Above Median


What is AE Multi Holdings Bhd Piotroski F-Score?

AE Multi Holdings Bhd XKLS:7146 Piotroski F-Score is 7 as of Jul. 05, 2026, which is 75% above its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 2,427 Hardware companies, AE Multi Holdings Bhd ranks better than 91.02% 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

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

XKLS:7146' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of AE Multi Holdings Bhd was 7. The lowest was 1. And the median was 4.

AE Multi Holdings Bhd  (XKLS:7146) 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.


AE Multi Holdings Bhd Piotroski F-Score Related Terms


AE Multi Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AE Multi 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.

AE Multi Holdings Bhd Piotroski F-Score Chart

AE Multi Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 6.00 5.00 7.00

AE Multi Holdings 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 4.00 7.00 8.00 7.00

XKLS:7146 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, AE Multi 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.


AE Multi Holdings Bhd Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, AE Multi Holdings Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where AE Multi 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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.159 + 12.536 + -1.372 + -13.825 = RM-2.82 Mil.
Cash Flow from Operations was 4.683 + 4.351 + 1.826 + -3.639 = RM7.22 Mil.
Revenue was 17.277 + 13.598 + 13.821 + 12.766 = RM57.46 Mil.
Gross Profit was 1.167 + 1.138 + 1.743 + -0.513 = RM3.54 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(134.339 + 129.904 + 137.407 + 130.57 + 104.042) / 5 = RM127.2524 Mil.
Total Assets at the begining of this year (Mar25) was RM134.34 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.07 Mil.
Total Current Assets was RM65.92 Mil.
Total Current Liabilities was RM61.28 Mil.
Net Income was -1.115 + -4.755 + -3.27 + -5.664 = RM-14.80 Mil.

Revenue was 25.957 + 30.496 + 25.447 + 25.159 = RM107.06 Mil.
Gross Profit was 0.183 + -0.054 + 0.104 + -1.086 = RM-0.85 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(152.609 + 148.402 + 148.156 + 142.584 + 134.339) / 5 = RM145.218 Mil.
Total Assets at the begining of last year (Mar24) was RM152.61 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.51 Mil.
Total Current Assets was RM93.54 Mil.
Total Current Liabilities was RM87.17 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.

AE Multi Holdings Bhd's current Net Income (TTM) was -2.82. ==> 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.

AE Multi Holdings Bhd's current Cash Flow from Operations (TTM) was 7.22. ==> 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)
=-2.82/134.339
=-0.02099167

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-14.804/152.609
=-0.09700607

AE Multi Holdings Bhd's return on assets of this year was -0.02099167. AE Multi Holdings Bhd's return on assets of last year was -0.09700607. ==> 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.

AE Multi Holdings Bhd's current Net Income (TTM) was -2.82. AE Multi Holdings Bhd's current Cash Flow from Operations (TTM) was 7.22. ==> 7.22 > -2.82 ==> 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
=0.072/127.2524
=0.0005658

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.505/145.218
=0.01036373

AE Multi Holdings Bhd's gearing of this year was 0.0005658. AE Multi Holdings Bhd's gearing of last year was 0.01036373. ==> 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
=65.92/61.278
=1.07575313

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=93.535/87.173
=1.07298131

AE Multi Holdings Bhd's current ratio of this year was 1.07575313. AE Multi Holdings Bhd's current ratio of last year was 1.07298131. ==> 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.

AE Multi Holdings Bhd's number of shares in issue this year was 216.35. AE Multi Holdings Bhd's number of shares in issue last year was 216.35. ==> 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
=3.535/57.462
=0.06151892

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.853/107.059
=-0.00796757

AE Multi Holdings Bhd's gross margin of this year was 0.06151892. AE Multi Holdings Bhd's gross margin of last year was -0.00796757. ==> 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)
=57.462/134.339
=0.42773878

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=107.059/152.609
=0.70152481

AE Multi Holdings Bhd's asset turnover of this year was 0.42773878. AE Multi Holdings Bhd's asset turnover of last year was 0.70152481. ==> 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
=0+1+1+1+1+1+1+1+0
=7

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

AE Multi Holdings 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?
AE Multi Holdings Bhd (XKLS:7146) has a Piotroski F-Score of 7 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AE Multi Holdings Bhd and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, AE Multi Holdings Bhd's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, AE Multi Holdings Bhd ranks #218 out of 2427 companies in the Hardware industry, placing it in the top 9%.
Is AE Multi Holdings Bhd's Piotroski F-Score too high?
AE Multi Holdings Bhd's current Piotroski F-Score of 7 is 75% above 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 7.00. The Hardware industry median Piotroski F-Score is 5.00. AE Multi Holdings Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, AE Multi Holdings Bhd ranks #218 out of 2427 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers.
How does AE Multi Holdings Bhd's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, AE Multi Holdings Bhd ranks #218 out of 2427 companies for Piotroski F-Score. This places AE Multi Holdings Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. AE Multi Holdings Bhd's value of 7 is 40% above this benchmark. Historically, AE Multi Holdings Bhd's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, AE Multi Holdings 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. AE Multi Holdings 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 AE Multi Holdings Bhd and its competitors. For the Hardware 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. AE Multi Holdings Bhd's current Piotroski F-Score is 7, which is 75% above 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 AE Multi Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, AE Multi Holdings Bhd (XKLS:7146) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.05 — trading 25% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Hardware 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 AE Multi Holdings Bhd (XKLS:7146), the current Piotroski F-Score is 7 as of Jul. 05, 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.

AE Multi Holdings Bhd Business Description

Address Plot 19-7, Jalan PKNK 1/4, Kawasan Perindustrian Sungai Petani, Taman Ria Jaya, Sungai Petani, KDH, MYS, 08000
AE Multi Holdings Bhd is an investment holding company engaged in the provision of management services to its subsidiaries. Its segments include manufacturing, trading of construction materials, general construction, glove manufacturing business solutions, investment, and others. The Manufacturing segment is the prime revenue driver for the company, which engages in the manufacturing and trading of printed circuit boards and their related products and the provision of technical services geographically, The Group operates in Malaysia Thailand, and the USA. Geographically company generates the majority of its revenue from Thailand.