Eksons Bhd (XKLS:9016) Piotroski F-Score: 7 (As of Jul. 08, 2026) — 40% Above Median


XKLS:9016 Eksons Corp Bhd XKLS:9016
35 GF Score
Price RM0.39
GF Value RM0.30
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Eksons Bhd Piotroski F-Score?

Eksons Bhd XKLS:9016 +1.32% 35 Piotroski F-Score is 7 as of Jul. 08, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates XKLS:9016 with a GF Score™ of 35/100 and a GF Value™ of RM0.30 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 282 Forest Products companies, Eksons Bhd ranks better than 93.97% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Eksons Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Eksons Bhd's Piotroski F-Score or its related term are showing as below:

XKLS:9016' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Eksons Bhd was 8. The lowest was 2. And the median was 5.

Eksons Bhd  (XKLS:9016) 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.


Eksons Bhd Piotroski F-Score Related Terms


Eksons Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Eksons 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.

Eksons Bhd Piotroski F-Score Chart

Eksons Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 8.00 5.00 7.00

Eksons 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 5.00 5.00 5.00 5.00 7.00

XKLS:9016 vs SSD, UFPI, BCC: Piotroski F-Score Comparison

For the Lumber & Wood Production subindustry, Eksons 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.


Eksons Bhd Piotroski F-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Eksons Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:9016
35GF Score
Eksons Corp Bhd XKLS:9016
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 -4.59 + 6.267 + -5.515 + -4.785 = RM-8.62 Mil.
Cash Flow from Operations was 2.61 + -0.944 + 0.286 + 0.746 = RM2.70 Mil.
Revenue was 1.358 + 4.184 + 1.349 + 1.835 = RM8.73 Mil.
Gross Profit was 0.795 + 0.785 + 0.876 + 0.642 = RM3.10 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(396.797 + 391.486 + 396.864 + 390.471 + 377.335) / 5 = RM390.5906 Mil.
Total Assets at the begining of this year (Mar25) was RM396.80 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.02 Mil.
Total Current Assets was RM311.64 Mil.
Total Current Liabilities was RM14.84 Mil.
Net Income was 1.36 + -24.155 + 13.29 + -5.754 = RM-15.26 Mil.

Revenue was 3.969 + 2.178 + 1.169 + 3.089 = RM10.41 Mil.
Gross Profit was 0.869 + 0.336 + 0.755 + 0.311 = RM2.27 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(418.323 + 414.755 + 390.627 + 402.382 + 396.797) / 5 = RM404.5768 Mil.
Total Assets at the begining of last year (Mar24) was RM418.32 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.04 Mil.
Total Current Assets was RM333.91 Mil.
Total Current Liabilities was RM17.48 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.

Eksons Bhd's current Net Income (TTM) was -8.62. ==> 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.

Score 1 if positive, 0 if negative.

Eksons Bhd's current Cash Flow from Operations (TTM) was 2.70. ==> 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)
=-8.623/396.797
=-0.02173152

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-15.259/418.323
=-0.0364766

Eksons Bhd's return on assets of this year was -0.02173152. Eksons Bhd's return on assets of last year was -0.0364766. ==> This year is higher. ==> Score 1.

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.

Eksons Bhd's current Net Income (TTM) was -8.62. Eksons Bhd's current Cash Flow from Operations (TTM) was 2.70. ==> 2.70 > -8.62 ==> 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
=0.019/390.5906
=4.864E-5

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.035/404.5768
=8.651E-5

Eksons Bhd's gearing of this year was 4.864E-5. Eksons Bhd's gearing of last year was 8.651E-5. ==> 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
=311.638/14.837
=21.00411134

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=333.905/17.479
=19.10320957

Eksons Bhd's current ratio of this year was 21.00411134. Eksons Bhd's current ratio of last year was 19.10320957. ==> 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.

Eksons Bhd's number of shares in issue this year was 161.48. Eksons Bhd's number of shares in issue last year was 161.48. ==> 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
=3.098/8.726
=0.35503094

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.271/10.405
=0.21826045

Eksons Bhd's gross margin of this year was 0.35503094. Eksons Bhd's gross margin of last year was 0.21826045. ==> 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)
=8.726/396.797
=0.02199109

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10.405/418.323
=0.02487312

Eksons Bhd's asset turnover of this year was 0.02199109. Eksons Bhd's asset turnover of last year was 0.02487312. ==> 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
=0+1+1+1+1+1+1+1+0
=7

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

Eksons Bhd has an F-score of 7. 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 7 mean?
Eksons Bhd (XKLS:9016) has a Piotroski F-Score of 7 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eksons Bhd and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Eksons Bhd's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Eksons Bhd ranks #17 out of 282 companies in the Forest Products industry, placing it in the top 6%.
Is Eksons Bhd's Piotroski F-Score too high?
Eksons Bhd's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. Eksons Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, Eksons Bhd ranks #17 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Eksons Bhd has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eksons Bhd's Piotroski F-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Eksons Bhd ranks #17 out of 282 companies for Piotroski F-Score. This places Eksons Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Eksons Bhd's value of 7 is 40% above this benchmark. Historically, Eksons Bhd's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Eksons 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. Eksons Bhd's current Piotroski F-Score of 7 is 40% 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 Eksons 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. Eksons Bhd's current Piotroski F-Score is 7, which is 40% above 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 Eksons Bhd stock overvalued right now?
Based on GuruFocus' analysis, Eksons Bhd (XKLS:9016) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.30, compared to a current price of RM0.39 — trading 28.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Forest Products industry median of 5.00. Eksons Bhd's overall GF Score™ is 35/100 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 Eksons Bhd (XKLS:9016), the current Piotroski F-Score is 7 as of Jul. 08, 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 Eksons Bhd (XKLS:9016) Overvalued in 2026?

Based on GuruFocus' analysis, Eksons Bhd stock appears to be overvalued. The current stock price of RM0.39 is trading 28.3% above its estimated GF Value™ of RM0.30. GuruFocus considers Eksons Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:9016:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: RM0.30 vs. price of RM0.39 (28.3% above fair value)
  • GF Score™: 35/100 with 3 warning signs
  • Industry Position: 40% above the Forest Products median (#17 of 282)

No single metric tells the full story. See the XKLS:9016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eksons Bhd Business Description

Address Jalan Prima Tropika Barat 2, Lot 1 to 3, Wisma Eksons, Taman Prima Tropika, Seri Kembangan, SGR, MYS, 43300
Eksons Corp Bhd is principally engaged in the business of investment holding. Along with its subsidiaries, it operates in the following reportable segments: Plywood operations, which include the manufacture and sale of sawn timber, veneer, and plywood and generation and supply of power and steam; Property and investment holdings, which include rental of properties, investment holding, and provision of management services; and the Property development segment, which includes the development of commercial and residential properties. The majority of its revenue is generated from the Property development segment. Geographically, the group derives all of its revenue from its business in Malaysia.
35GF Score

Get the complete analysis for XKLS:9016

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

RM0.39
Price
RM0.30
GF Value