Ken Holdings Bhd (XKLS:7323) Piotroski F-Score: 8 (As of Jul. 04, 2026) — 14% Above Median


XKLS:7323 Ken Holdings Bhd XKLS:7323
52 GF Score
Price RM0.48
GF Value RM0.51
Valuation Fairly Valued
! 3 Warning Signs
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What is Ken Holdings Bhd Piotroski F-Score?

Ken Holdings Bhd XKLS:7323 52 Piotroski F-Score is 8 as of Jul. 04, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates XKLS:7323 with a GF Score™ of 52/100 and a GF Value™ of RM0.51 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,731 Construction companies, Ken Holdings Bhd ranks better than 98.32% 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

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

XKLS:7323' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Ken Holdings Bhd was 9. The lowest was 3. And the median was 7.

Ken Holdings Bhd  (XKLS:7323) 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.


Ken Holdings Bhd Piotroski F-Score Related Terms


Ken Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ken 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.

Ken Holdings Bhd Piotroski F-Score Chart

Ken Holdings 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 8.00 5.00 9.00 5.00 6.00

Ken 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 6.00 5.00 7.00 6.00 8.00

XKLS:7323 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Ken 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.


Ken Holdings Bhd Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Ken Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:7323
52GF Score
Ken Holdings Bhd XKLS:7323
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 3.822 + 3.043 + 0.38 + 0.654 = RM7.90 Mil.
Cash Flow from Operations was 4.912 + 3.617 + 6.26 + 1.85 = RM16.64 Mil.
Revenue was 5.576 + 6.415 + 6.585 + 5.667 = RM24.24 Mil.
Gross Profit was 3.157 + 3.744 + 2.968 + 2.738 = RM12.61 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(417.019 + 421.88 + 425.033 + 429.362 + 419.006) / 5 = RM422.46 Mil.
Total Assets at the begining of this year (Mar25) was RM417.02 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Total Current Assets was RM142.01 Mil.
Total Current Liabilities was RM25.11 Mil.
Net Income was 2.38 + 2.637 + 1.711 + 1.307 = RM8.04 Mil.

Revenue was 4.826 + 6.268 + 7.27 + 5.024 = RM23.39 Mil.
Gross Profit was 2.503 + 3.337 + 3.802 + 2.111 = RM11.75 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(410.171 + 412.173 + 414.382 + 416.772 + 417.019) / 5 = RM414.1034 Mil.
Total Assets at the begining of last year (Mar24) was RM410.17 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Total Current Assets was RM168.05 Mil.
Total Current Liabilities was RM30.05 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.

Ken Holdings Bhd's current Net Income (TTM) was 7.90. ==> 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.

Ken Holdings Bhd's current Cash Flow from Operations (TTM) was 16.64. ==> 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)
=7.899/417.019
=0.01894158

ROA (Last Year)=Net Income/Total Assets (Mar24)
=8.035/410.171
=0.01958939

Ken Holdings Bhd's return on assets of this year was 0.01894158. Ken Holdings Bhd's return on assets of last year was 0.01958939. ==> 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.

Ken Holdings Bhd's current Net Income (TTM) was 7.90. Ken Holdings Bhd's current Cash Flow from Operations (TTM) was 16.64. ==> 16.64 > 7.90 ==> 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
=0/422.46
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/414.1034
=0

Ken Holdings Bhd's gearing of this year was 0. Ken Holdings 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
=142.005/25.114
=5.65441586

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=168.054/30.054
=5.59173488

Ken Holdings Bhd's current ratio of this year was 5.65441586. Ken Holdings Bhd's current ratio of last year was 5.59173488. ==> 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.

Ken Holdings Bhd's number of shares in issue this year was 179.337. Ken Holdings Bhd's number of shares in issue last year was 179.337. ==> 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
=12.607/24.243
=0.5200264

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.753/23.388
=0.50252266

Ken Holdings Bhd's gross margin of this year was 0.5200264. Ken Holdings Bhd's gross margin of last year was 0.50252266. ==> 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)
=24.243/417.019
=0.05813404

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=23.388/410.171
=0.05702012

Ken Holdings Bhd's asset turnover of this year was 0.05813404. Ken Holdings Bhd's asset turnover of last year was 0.05702012. ==> 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+0+1+1+1+1+1+1
=8

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

Ken Holdings 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?
Ken Holdings Bhd (XKLS:7323) has a Piotroski F-Score of 8 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ken Holdings Bhd and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Ken Holdings Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Ken Holdings Bhd ranks #29 out of 1731 companies in the Construction industry, placing it in the top 1.7%.
Is Ken Holdings Bhd's Piotroski F-Score too high?
Ken Holdings Bhd's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Ken Holdings Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Ken Holdings Bhd ranks #29 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Ken Holdings Bhd has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ken Holdings Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Ken Holdings Bhd ranks #29 out of 1731 companies for Piotroski F-Score. This places Ken Holdings Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ken Holdings Bhd's value of 8 is 60% above this benchmark. Historically, Ken Holdings Bhd's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Ken 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Ken Holdings Bhd's current Piotroski F-Score of 8 is 60% 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 Ken Holdings Bhd and its competitors. For the Construction 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. Ken Holdings Bhd's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ken Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ken Holdings Bhd (XKLS:7323) is currently considered Fairly Valued. The stock's GF Value™ is RM0.51, compared to a current price of RM0.48 — trading 5.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Construction industry median of 5.00. Ken Holdings Bhd's overall GF Score™ is 52/100 with 3 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 Ken Holdings Bhd (XKLS:7323), the current Piotroski F-Score is 8 as of Jul. 04, 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 Ken Holdings Bhd (XKLS:7323) Overvalued in 2026?

Based on GuruFocus' analysis, Ken Holdings Bhd stock appears to be undervalued. The current stock price of RM0.48 is trading 5.9% below its estimated GF Value™ of RM0.51. GuruFocus considers Ken Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:7323:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: RM0.51 vs. price of RM0.48 (5.9% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 60% above the Construction median (#29 of 1731)

No single metric tells the full story. See the XKLS:7323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ken Holdings Bhd Business Description

Address No. 37, Jalan Burhanuddin Helmi, Level 12, Menara KEN TTDI, Taman Tun Dr. Ismail, Kuala Lumpur, SGR, MYS, 60000
Ken Holdings Bhd is engaged in investment holding and the provision of management services. The company operates through three segments: Construction, Property Development, and Property Investment. The construction segment offers specialist engineering services, turnkey contracts, building and civil and engineering works, land reclamation, dredging, and marine and civil engineering. The Property Development segment engages in the development of residential and commercial properties.
52GF Score

Get the complete analysis for XKLS:7323

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

RM0.48
Price
RM0.51
GF Value