TSH Resources BhdXKLS:9059 78 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XKLS:9059 with a GF Score™ of 78/100 and a GF Value™ of RM1.16 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, TSH Resources Bhd ranks better than 73.47% 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
TSH Resources Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for TSH Resources Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:9059'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of TSH Resources Bhd was 9. The lowest was 3. And the median was 7.
TSH Resources Bhd (XKLS:9059) 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.
TSH Resources Bhd Piotroski F-Score Related Terms
TSH Resources Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for TSH Resources 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:9059 vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, TSH Resources 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.
TSH Resources Bhd Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, TSH Resources Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where TSH Resources 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 49.229 + 56.405 + 29.118 + 21.286 = RM156.0 Mil. Cash Flow from Operations was 61.228 + 79.523 + 76.655 + 27.872 = RM245.3 Mil. Revenue was 268.775 + 263.652 + 254.417 + 205.196 = RM992.0 Mil. Gross Profit was 118.565 + 118.62 + 100.641 + 87.031 = RM424.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2716.357 + 2676.86 + 2683.716 + 2670.897 + 2636.347) / 5 = RM2676.8354 Mil. Total Assets at the begining of this year (Mar25) was RM2,716.4 Mil. Long-Term Debt & Capital Lease Obligation was RM71.6 Mil. Total Current Assets was RM558.1 Mil. Total Current Liabilities was RM338.3 Mil.
Net Income was 20.63 + 33.14 + 61.819 + 48.191 = RM163.8 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.
TSH Resources Bhd's current Net Income (TTM) was 156.0.
==> 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.
TSH Resources Bhd's return on assets of this year was 0.05744385. TSH Resources Bhd's return on assets of last year was 0.05768829.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
TSH Resources Bhd's gearing of this year was 0.026748. TSH Resources Bhd's gearing of last year was 0.01968929.
==> 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
TSH Resources Bhd's current ratio of this year was 1.64943149. TSH Resources Bhd's current ratio of last year was 1.47409445.
==> 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.
TSH Resources Bhd's number of shares in issue this year was 1261.5. TSH Resources Bhd's number of shares in issue last year was 1353.208.
==> 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.
TSH Resources Bhd's gross margin of this year was 0.428266. TSH Resources Bhd's gross margin of last year was 0.41719821.
==> 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
TSH Resources Bhd's asset turnover of this year was 0.36520973. TSH Resources Bhd's asset turnover of last year was 0.37081018.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
TSH Resources Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
TSH Resources Bhd (XKLS:9059) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TSH Resources Bhd and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, TSH Resources Bhd's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, TSH Resources Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is TSH Resources Bhd's Piotroski F-Score too high?
TSH Resources Bhd's current Piotroski F-Score of 6 is 14% below 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. TSH Resources Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, TSH Resources Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, TSH Resources Bhd has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSH Resources Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TSH Resources Bhd ranks #507 out of 1911 companies for Piotroski F-Score. This puts TSH Resources Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. TSH Resources Bhd's value of 6 is 20% above this benchmark. Historically, TSH Resources 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, TSH Resources 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 1,911 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. TSH Resources Bhd's current Piotroski F-Score of 6 is 20% 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 TSH Resources 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. TSH Resources Bhd's current Piotroski F-Score is 6, which is 14% below 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 TSH Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, TSH Resources Bhd (XKLS:9059) is currently considered Fairly Valued. The stock's GF Value™ is RM1.16, compared to a current price of RM1.17 — trading 0.9% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Consumer Packaged Goods industry median of 5.00. TSH Resources Bhd's overall GF Score™ is 78/100 with 1 warning sign 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 TSH Resources Bhd (XKLS:9059), the current Piotroski F-Score is 6 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 TSH Resources Bhd (XKLS:9059) Overvalued in 2026?
Based on GuruFocus' analysis, TSH Resources Bhd stock appears to be overvalued.
The current stock price of RM1.17 is trading 0.9% above its estimated GF Value™ of RM1.16.
GuruFocus considers TSH Resources Bhd to be Fairly Valued.
Key valuation signals for XKLS:9059:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: RM1.16 vs. price of RM1.17 (0.9% above fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)
No single metric tells the full story. See the XKLS:9059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSH Resources Bhd is an investment holding and forest plantation. The principal activities of the subsidiaries are involved in investment holding, oil palm cultivation and processing, generation and supply of electricity from biomass plants, forest plantation, manufacture and sales of downstream wood products, and other related business activities. The company has two reportable segments, namely Palm products and Others. It generates maximum revenue from the Palm products segment. The company's geographical segments are Malaysia, Indonesia, the United States of America, the Southwest Pacific, and Others. It generates the majority of its revenue from Indonesia.
78GF Score
Get the complete analysis for XKLS:9059
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