CN Asia BhdXKLS:7986 Piotroski F-Score is 2 as of Jul. 03, 2026, which is 33% below its 10-year median of 3.00. The stock has 7 warning signs investors should review. Among 2,976 Industrial Products companies, CN Asia Bhd ranks worse than 92.91% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CN Asia Bhd has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for CN Asia Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:7986'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of CN Asia Bhd was 8. The lowest was 1. And the median was 3.
CN Asia Bhd (XKLS:7986) 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.
CN Asia Bhd Piotroski F-Score Related Terms
CN Asia Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CN Asia 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:7986 vs GEV, ETN, PH: Piotroski F-Score Comparison
For the Specialty Industrial Machinery subindustry, CN Asia 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.
CN Asia Bhd Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CN Asia Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CN Asia 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.
CN Asia Bhd's current Net Income (TTM) was -11.00.
==> 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.
CN Asia Bhd's return on assets of this year was -0.23083221. CN Asia Bhd's return on assets of last year was -0.199603.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CN Asia Bhd's gearing of this year was 0.0938715. CN Asia Bhd's gearing of last year was 0.06033362.
==> 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
CN Asia Bhd's current ratio of this year was 2.08938335. CN Asia Bhd's current ratio of last year was 3.09486232.
==> 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.
CN Asia Bhd's number of shares in issue this year was 258.472. CN Asia Bhd's number of shares in issue last year was 248.757.
==> 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.
CN Asia Bhd's gross margin of this year was 0.17023866. CN Asia Bhd's gross margin of last year was 0.20388637.
==> 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
CN Asia Bhd's asset turnover of this year was 0.62105307. CN Asia Bhd's asset turnover of last year was 0.37266578.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CN Asia Bhd has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
CN Asia Bhd (XKLS:7986) has a Piotroski F-Score of 2 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CN Asia Bhd and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, CN Asia Bhd's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, CN Asia Bhd ranks #2765 out of 2976 companies in the Industrial Products industry, placing it in the top 92.9%.
Is CN Asia Bhd's Piotroski F-Score too high?
CN Asia Bhd's current Piotroski F-Score of 2 is 33% below 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 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. CN Asia Bhd's value of 2 is 60% below this industry median. Based on the distribution chart, CN Asia Bhd ranks #2765 out of 2976 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does CN Asia Bhd's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, CN Asia Bhd ranks #2765 out of 2976 companies for Piotroski F-Score. This places CN Asia Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CN Asia Bhd's value of 2 is 60% below this benchmark. Historically, CN Asia Bhd's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, CN Asia 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. CN Asia Bhd's current Piotroski F-Score of 2 is 60% 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 CN Asia Bhd and its competitors. For the Industrial 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. CN Asia Bhd's current Piotroski F-Score is 2, which is 33% below 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 CN Asia Bhd stock overvalued right now?
Based on GuruFocus' analysis, CN Asia Bhd (XKLS:7986) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.07 — trading 71.7% below its estimated fair value. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Industrial 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 CN Asia Bhd (XKLS:7986), the current Piotroski F-Score is 2 as of Jul. 03, 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.
CN Asia Corp Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, pipings for the petroleum industry, specialised engineering and fabrication works, and operating as sub-contractors for civil engineering works. The group's operating business segments are: Manufacturing, Investment, Financial Services, and Energy Management. The majority of its revenue is generated from the Manufacturing segment, which manufactures tanks and other related products, and is involved in engineering and fabrication works. Geographically, the group generates maximum revenue from Malaysia, followed by Hong Kong, Singapore, Brunei, and the Philippines.
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