G3 Global Bhd (XKLS:7184) Piotroski F-Score: 4 (As of Jun. 28, 2026) — Near Median


What is G3 Global Bhd Piotroski F-Score?

G3 Global Bhd XKLS:7184 Piotroski F-Score is 4 as of Jun. 28, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 2,432 Hardware companies, G3 Global Bhd ranks worse than 62.13% 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

G3 Global 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 G3 Global Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:7184' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of G3 Global Bhd was 7. The lowest was 2. And the median was 4.

G3 Global Bhd  (XKLS:7184) 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.


G3 Global Bhd Piotroski F-Score Related Terms


G3 Global Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for G3 Global 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.

G3 Global Bhd Piotroski F-Score Chart

G3 Global Bhd Annual Data
Trend Jul16 Jul17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 4.00 3.00 4.00

G3 Global 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 4.00 3.00 4.00 4.00

XKLS:7184 vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, G3 Global 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.


G3 Global Bhd Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, G3 Global Bhd's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where G3 Global 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 -3.228 + -0.599 + -2.442 + -3.298 = RM-9.57 Mil.
Cash Flow from Operations was 1.102 + -1.969 + -1.517 + 2.028 = RM-0.36 Mil.
Revenue was 0.892 + 3.846 + 0 + 0.379 = RM5.12 Mil.
Gross Profit was -2.563 + 0.544 + -1.776 + -1.688 = RM-5.48 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(66.007 + 59.725 + 55.335 + 51.281 + 46.179) / 5 = RM55.7054 Mil.
Total Assets at the begining of this year (Mar25) was RM66.01 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Total Current Assets was RM44.71 Mil.
Total Current Liabilities was RM11.08 Mil.
Net Income was 0.063 + -0.709 + -18.405 + -0.017 = RM-19.07 Mil.

Revenue was 14.823 + 9.846 + 5.916 + 3.173 = RM33.76 Mil.
Gross Profit was 0.75 + 0.045 + -16.149 + 1.106 = RM-14.25 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(109.88 + 116.369 + 119.873 + 82.442 + 66.007) / 5 = RM98.9142 Mil.
Total Assets at the begining of last year (Mar24) was RM109.88 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Total Current Assets was RM65.97 Mil.
Total Current Liabilities was RM25.95 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.

G3 Global Bhd's current Net Income (TTM) was -9.57. ==> 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.

G3 Global Bhd's current Cash Flow from Operations (TTM) was -0.36. ==> Negative ==> Score 0.

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)
=-9.567/66.007
=-0.14493917

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-19.068/109.88
=-0.17353477

G3 Global Bhd's return on assets of this year was -0.14493917. G3 Global Bhd's return on assets of last year was -0.17353477. ==> 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.

G3 Global Bhd's current Net Income (TTM) was -9.57. G3 Global Bhd's current Cash Flow from Operations (TTM) was -0.36. ==> -0.36 > -9.57 ==> 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
=0/55.7054
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/98.9142
=0

G3 Global Bhd's gearing of this year was 0. G3 Global Bhd's gearing of last year was 0. ==> 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
=44.706/11.083
=4.03374538

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=65.967/25.953
=2.54178708

G3 Global Bhd's current ratio of this year was 4.03374538. G3 Global Bhd's current ratio of last year was 2.54178708. ==> 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.

G3 Global Bhd's number of shares in issue this year was 4150.936. G3 Global Bhd's number of shares in issue last year was 3773.58. ==> 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
=-5.483/5.117
=-1.07152628

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-14.248/33.758
=-0.42206292

G3 Global Bhd's gross margin of this year was -1.07152628. G3 Global Bhd's gross margin of last year was -0.42206292. ==> 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)
=5.117/66.007
=0.07752208

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=33.758/109.88
=0.30722606

G3 Global Bhd's asset turnover of this year was 0.07752208. G3 Global Bhd's asset turnover of last year was 0.30722606. ==> 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+0+1+1+1+1+0+0+0
=4

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

G3 Global 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?
G3 Global Bhd (XKLS:7184) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on G3 Global Bhd and its competitors. This is near median its historical median of 4.00. Over the past decade, G3 Global Bhd's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, G3 Global Bhd ranks #1511 out of 2432 companies in the Hardware industry, placing it in the top 62.1%.
Is G3 Global Bhd's Piotroski F-Score too high?
G3 Global 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 2.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. G3 Global Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, G3 Global Bhd ranks #1511 out of 2432 companies in the Hardware industry, which is below the industry midpoint.
How does G3 Global Bhd's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, G3 Global Bhd ranks #1511 out of 2432 companies for Piotroski F-Score. This places G3 Global Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. G3 Global Bhd's value of 4 is 20% below this benchmark. Historically, G3 Global Bhd's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, G3 Global 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. G3 Global 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 G3 Global 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. G3 Global 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 G3 Global Bhd stock overvalued right now?
G3 Global Bhd (XKLS:7184) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below 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 G3 Global Bhd (XKLS:7184), the current Piotroski F-Score is 4 as of Jun. 28, 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.

G3 Global Bhd Business Description

Address Lingkaran Cyber Point Timur, 05-05-02, Block 5, Corporate Park, Star Central, Cyber 12, Cyberjaya, SGR, MYS, 63000
G3 Global Bhd is a Malaysia-based company engaged in information, communications, and technology (ICT) that includes the supply of telecommunication solutions, services, and related products. It specializes in Internet of Things (IoT) solutions and Artificial Intelligence(AI) and provides end-to-end delivery of connected devices, cloud-based data-driven applications and services for Connected Vehicles, Public Safety Surveillance, Face Recognition Access Control, Smart Homes, Smart Buildings, Intelligent City, Smart Agriculture and solutions built on Low-Power Wide-Area Network (LPWAN), especially on LoRa technologies. Its segments include: Information, communications (ICT) and technology and Healthcare, of which Information, communications (ICT) derives maximum revenue.