PGF Capital Bhd (XKLS:8117) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 20% Below Median


XKLS:8117 PGF Capital Bhd XKLS:8117
75 GF Score
Price RM1.53
GF Value RM2.39
Valuation Possible Value Trap
! 4 Warning Signs
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What is PGF Capital Bhd Piotroski F-Score?

PGF Capital Bhd XKLS:8117 +2.00% 75 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XKLS:8117 with a GF Score™ of 75/100 and a GF Value™ of RM2.39 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 394 Building Materials companies, PGF Capital Bhd ranks worse than 71.07% 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

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

XKLS:8117' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of PGF Capital Bhd was 8. The lowest was 4. And the median was 5.

PGF Capital Bhd  (XKLS:8117) 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.


PGF Capital Bhd Piotroski F-Score Related Terms


PGF Capital Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PGF Capital 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.

PGF Capital Bhd Piotroski F-Score Chart

PGF Capital Bhd Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 5.00 5.00 4.00

PGF Capital Bhd Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 3.00 4.00 4.00

XKLS:8117 vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, PGF Capital 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.


PGF Capital Bhd Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, PGF Capital Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:8117
75GF Score
PGF Capital Bhd XKLS:8117
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 7.511 + 5.008 + 5.485 + 8.009 = RM26.0 Mil.
Cash Flow from Operations was 3.377 + 6.499 + 8.814 + 11.996 = RM30.7 Mil.
Revenue was 40.584 + 45.391 + 44.124 + 37.782 = RM167.9 Mil.
Gross Profit was 40.584 + 45.391 + 44.124 + 37.782 = RM167.9 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(413.711 + 422.104 + 487.316 + 481.309 + 525.844) / 5 = RM466.0568 Mil.
Total Assets at the begining of this year (Feb25) was RM413.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM137.1 Mil.
Total Current Assets was RM151.0 Mil.
Total Current Liabilities was RM56.6 Mil.
Net Income was 6.699 + 7.065 + 6.254 + 13.919 = RM33.9 Mil.

Revenue was 40.511 + 42.376 + 38.445 + 33.679 = RM155.0 Mil.
Gross Profit was 40.511 + 42.376 + 38.445 + 33.679 = RM155.0 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(316.413 + 339.708 + 355.381 + 350.91 + 413.711) / 5 = RM355.2246 Mil.
Total Assets at the begining of last year (Feb24) was RM316.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM63.4 Mil.
Total Current Assets was RM114.1 Mil.
Total Current Liabilities was RM45.8 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.

PGF Capital Bhd's current Net Income (TTM) was 26.0. ==> 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.

PGF Capital Bhd's current Cash Flow from Operations (TTM) was 30.7. ==> 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 (Feb25)
=26.013/413.711
=0.06287723

ROA (Last Year)=Net Income/Total Assets (Feb24)
=33.937/316.413
=0.10725539

PGF Capital Bhd's return on assets of this year was 0.06287723. PGF Capital Bhd's return on assets of last year was 0.10725539. ==> 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.

PGF Capital Bhd's current Net Income (TTM) was 26.0. PGF Capital Bhd's current Cash Flow from Operations (TTM) was 30.7. ==> 30.7 > 26.0 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=137.114/466.0568
=0.29420019

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=63.386/355.2246
=0.17843922

PGF Capital Bhd's gearing of this year was 0.29420019. PGF Capital Bhd's gearing of last year was 0.17843922. ==> 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

Current Ratio (This Year: Feb26)=Total Current Assets/Total Current Liabilities
=150.952/56.573
=2.66826932

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=114.067/45.79
=2.49108976

PGF Capital Bhd's current ratio of this year was 2.66826932. PGF Capital Bhd's current ratio of last year was 2.49108976. ==> 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.

PGF Capital Bhd's number of shares in issue this year was 216.869. PGF Capital Bhd's number of shares in issue last year was 216.328. ==> 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
=167.881/167.881
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=155.011/155.011
=1

PGF Capital Bhd's gross margin of this year was 1. PGF Capital Bhd's gross margin of last year was 1. ==> 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 (Feb25)
=167.881/413.711
=0.40579293

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=155.011/316.413
=0.48990086

PGF Capital Bhd's asset turnover of this year was 0.40579293. PGF Capital Bhd's asset turnover of last year was 0.48990086. ==> 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
=1+1+0+1+0+1+0+0+0
=4

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

PGF Capital 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?
PGF Capital Bhd (XKLS:8117) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PGF Capital Bhd and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, PGF Capital Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, PGF Capital Bhd ranks #280 out of 394 companies in the Building Materials industry, placing it in the top 71.1%.
Is PGF Capital Bhd's Piotroski F-Score too high?
PGF Capital Bhd's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Building Materials industry median Piotroski F-Score is 5.00. PGF Capital Bhd's value of 4 is 20% below this industry median. Based on the distribution chart, PGF Capital Bhd ranks #280 out of 394 companies in the Building Materials industry, which is below the industry midpoint. Overall, PGF Capital Bhd has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PGF Capital Bhd's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, PGF Capital Bhd ranks #280 out of 394 companies for Piotroski F-Score. This places PGF Capital Bhd in the lower half of its industry. The industry median Piotroski F-Score is 5.00. PGF Capital Bhd's value of 4 is 20% below this benchmark. Historically, PGF Capital Bhd's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PGF Capital 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. PGF Capital 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 PGF Capital Bhd and its competitors. For the Building Materials 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. PGF Capital Bhd's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PGF Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, PGF Capital Bhd (XKLS:8117) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.39, compared to a current price of RM1.53 — trading 36% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Building Materials industry median of 5.00. PGF Capital Bhd's overall GF Score™ is 75/100 with 4 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 PGF Capital Bhd (XKLS:8117), the current Piotroski F-Score is 4 as of Jun. 27, 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 PGF Capital Bhd (XKLS:8117) Overvalued in 2026?

Based on GuruFocus' analysis, PGF Capital Bhd stock appears to be undervalued. The current stock price of RM1.53 is trading 36% below its estimated GF Value™ of RM2.39. GuruFocus considers PGF Capital Bhd to be Possible Value Trap.

Key valuation signals for XKLS:8117:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: RM2.39 vs. price of RM1.53 (36% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 20% below the Building Materials median (#280 of 394)

No single metric tells the full story. See the XKLS:8117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PGF Capital Bhd Business Description

Address No. 2449, Lorong Perusahaan Sepuluh, Kawasan Perusahaan Perai, Perai, PNG, MYS, 13600
PGF Capital Bhd is an investment holding company with subsidiaries involved in manufacturing, agriculture, property development, and property investment. The group has three business segments namely Insulation; Property development and Investment holding. The company generates maximum revenue from the Insulation segment.
75GF Score

Get the complete analysis for XKLS:8117

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

RM1.53
Price
RM2.39
GF Value