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Hwa Tai Industries BhdXKLS:8478 -6.25%32 Piotroski F-Score is 8 as of Jul. 21, 2026, which is 100% above its 10-year median of 4.00. GuruFocus rates XKLS:8478 with a GF Score™ of 32/100 and a GF Value™ of RM0.64 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Hwa Tai Industries Bhd ranks better than 97.75% 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
Hwa Tai Industries 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 Hwa Tai Industries Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:8478'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Hwa Tai Industries Bhd was 8. The lowest was 1. And the median was 4.
Hwa Tai Industries Bhd (XKLS:8478) 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.
Hwa Tai Industries Bhd Piotroski F-Score Related Terms
Hwa Tai Industries Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hwa Tai Industries 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:8478 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Hwa Tai Industries 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.
Hwa Tai Industries Bhd Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hwa Tai Industries Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hwa Tai Industries 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.
Hwa Tai Industries Bhd's current Net Income (TTM) was 1.6.
==> 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.
Hwa Tai Industries Bhd's return on assets of this year was 0.01530647. Hwa Tai Industries Bhd's return on assets of last year was 0.00979298.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hwa Tai Industries Bhd's gearing of this year was 0.01091007. Hwa Tai Industries Bhd's gearing of last year was 0.01659614.
==> 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
Hwa Tai Industries Bhd's current ratio of this year was 1.07146629. Hwa Tai Industries Bhd's current ratio of last year was 1.0228121.
==> 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.
Hwa Tai Industries Bhd's number of shares in issue this year was 74.833. Hwa Tai Industries Bhd's number of shares in issue last year was 74.833.
==> 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.
Hwa Tai Industries Bhd's gross margin of this year was 1. Hwa Tai Industries 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
Hwa Tai Industries Bhd's asset turnover of this year was 1.06683954. Hwa Tai Industries Bhd's asset turnover of last year was 0.99248937.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hwa Tai Industries Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Hwa Tai Industries Bhd (XKLS:8478) has a Piotroski F-Score of 8 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hwa Tai Industries Bhd and its competitors. This is 100% above median its historical median of 4.00. Over the past decade, Hwa Tai Industries Bhd's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Hwa Tai Industries Bhd ranks #43 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 2.2%.
Is Hwa Tai Industries Bhd's Piotroski F-Score too high?
Hwa Tai Industries Bhd's current Piotroski F-Score of 8 is 100% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Hwa Tai Industries Bhd's value of 8 is 60% above this industry median. Based on the distribution chart, Hwa Tai Industries Bhd ranks #43 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Hwa Tai Industries Bhd has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hwa Tai Industries Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Hwa Tai Industries Bhd ranks #43 out of 1914 companies for Piotroski F-Score. This places Hwa Tai Industries Bhd in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hwa Tai Industries Bhd's value of 8 is 60% above this benchmark. Historically, Hwa Tai Industries 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 4.00 vs. the industry median of 5.00, Hwa Tai Industries 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Hwa Tai Industries 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 Hwa Tai Industries Bhd and its competitors. For the Consumer Packaged Goods 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. Hwa Tai Industries Bhd's current Piotroski F-Score is 8, which is 100% above 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 Hwa Tai Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hwa Tai Industries Bhd (XKLS:8478) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.64, compared to a current price of RM0.38 — trading 41.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 100% above median its 10-year median of 4.00 and 60% above the Consumer Packaged Goods industry median of 5.00. Hwa Tai Industries Bhd's overall GF Score™ is 32/100 with 7 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 Hwa Tai Industries Bhd (XKLS:8478), the current Piotroski F-Score is 8 as of Jul. 21, 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 Hwa Tai Industries Bhd (XKLS:8478) Overvalued in 2026?
Based on GuruFocus' analysis, Hwa Tai Industries Bhd stock appears to be undervalued.
The current stock price of RM0.38 is trading 41.4% below its estimated GF Value™ of RM0.64.
GuruFocus considers Hwa Tai Industries Bhd to be Possible Value Trap.
Key valuation signals for XKLS:8478:
Piotroski F-Score: 8 (100% above median its 10-year median of 4.00)
GF Value™: RM0.64 vs. price of RM0.38 (41.4% below fair value)
Industry Position: 60% above the Consumer Packaged Goods median (#43 of 1914)
No single metric tells the full story. See the XKLS:8478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hwa Tai Industries Bhd operates as a biscuit manufacturing and investment holding. Its activities are biscuit manufacturing, property holding, and trading. It operates through the following segments: Manufacturing and Trading. The company's products include crackers, cookies, assorted biscuits, cakes, and cream sandwiches, and are marketed under the brand names of Hwa Tai and Luxury. The majority of revenue is from the Manufacturing segment. Geographically, it operates in Malaysia, Thailand, the Philippines, Mauritius, and Other countries, with the majority is from Malaysia.
32GF Score
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