BTM Resources BhdXKLS:7188 Piotroski F-Score is 6 as of Jul. 06, 2026, which is 100% above its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 282 Forest Products companies, BTM Resources Bhd ranks better than 80.14% 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
BTM Resources 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 BTM Resources Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:7188'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of BTM Resources Bhd was 7. The lowest was 1. And the median was 3.
BTM Resources Bhd (XKLS:7188) 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.
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.
BTM Resources Bhd Piotroski F-Score Related Terms
BTM Resources Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for BTM Resources 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.
XKLS:7188 vs SSD, UFPI, BCC: Piotroski F-Score Comparison
For the Lumber & Wood Production subindustry, BTM Resources 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.
BTM Resources Bhd Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, BTM Resources Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where BTM Resources Bhd's Piotroski F-Score falls into.
* 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.
*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.
BTM Resources Bhd's current Net Income (TTM) was -6.50.
==> 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.
BTM Resources Bhd's return on assets of this year was -0.07367896. BTM Resources Bhd's return on assets of last year was -0.06167258.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
BTM Resources Bhd's gearing of this year was 0.00598331. BTM Resources Bhd's gearing of last year was 0.00867186.
==> 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
BTM Resources Bhd's current ratio of this year was 4.21716213. BTM Resources Bhd's current ratio of last year was 2.07412334.
==> 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.
BTM Resources Bhd's number of shares in issue this year was 1256.487. BTM Resources Bhd's number of shares in issue last year was 1256.487.
==> 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.
BTM Resources Bhd's gross margin of this year was -0.14707641. BTM Resources Bhd's gross margin of last year was -0.61836136.
==> 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
BTM Resources Bhd's asset turnover of this year was 0.09481107. BTM Resources Bhd's asset turnover of last year was 0.03682664.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
BTM Resources Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
BTM Resources Bhd (XKLS:7188) has a Piotroski F-Score of 6 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BTM Resources Bhd and its competitors. This is 100% above median its historical median of 3.00. Over the past decade, BTM Resources Bhd's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, BTM Resources Bhd ranks #56 out of 282 companies in the Forest Products industry, placing it in the top 19.9%.
Is BTM Resources Bhd's Piotroski F-Score too high?
BTM Resources Bhd's current Piotroski F-Score of 6 is 100% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Forest Products industry median Piotroski F-Score is 5.00. BTM Resources Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, BTM Resources Bhd ranks #56 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers.
How does BTM Resources Bhd's Piotroski F-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, BTM Resources Bhd ranks #56 out of 282 companies for Piotroski F-Score. This places BTM Resources Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BTM Resources Bhd's value of 6 is 20% above this benchmark. Historically, BTM Resources 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 3.00 vs. the industry median of 5.00, BTM Resources 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. BTM Resources 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 BTM Resources Bhd and its competitors. For the Forest Products 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. BTM Resources Bhd's current Piotroski F-Score is 6, which is 100% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTM Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, BTM Resources Bhd (XKLS:7188) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.04 — trading 75% above its estimated fair value. The current Piotroski F-Score is 6, which is 100% above median its 10-year median of 3.00 and 20% above the Forest Products 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 BTM Resources Bhd (XKLS:7188), the current Piotroski F-Score is 6 as of Jul. 06, 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.
BTM Resources Bhd is a Malaysian investment holding company. The principal activities of the company consist of investment holding and the provision of management services. It is engaged in the business of logging, sawmilling, trading in sawn timbers, plywood and logs, timber molding and manufacturing of finger-jointed timber and lamination boards and letting of plant and machinery. The company operates in Malaysia, Australia, Korea, USA and Singapore, of which it generates a majority of the revenue from Malaysia.
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