RCE Capital BhdXKLS:9296 -1.87%68 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XKLS:9296 with a GF Score™ of 68/100 and a GF Value™ of RM1.20 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 532 Credit Services companies, RCE Capital Bhd ranks better than 80.83% 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
RCE Capital 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 RCE Capital Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:9296'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of RCE Capital Bhd was 7. The lowest was 2. And the median was 4.
RCE Capital Bhd (XKLS:9296) 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.
RCE Capital Bhd Piotroski F-Score Related Terms
RCE Capital Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for RCE 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.
XKLS:9296 vs V, MA, AXP: Piotroski F-Score Comparison
For the Credit Services subindustry, RCE 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.
RCE Capital Bhd Piotroski F-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, RCE Capital Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where RCE Capital 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 25.989 + 29.309 + 36.618 + 34.653 = RM126.6 Mil. Cash Flow from Operations was 20.518 + 41.523 + 52.827 + -13.253 = RM101.6 Mil. Revenue was 79.786 + 82.673 + 81.261 + 79.514 = RM323.2 Mil. Gross Profit was 48.024 + 47.661 + 49.645 + 49.704 = RM195.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2986.158 + 3097.725 + 3042.326 + 3037.809 + 3003.797) / 5 = RM3033.563 Mil. Total Assets at the begining of this year (Mar25) was RM2,986.2 Mil. Long-Term Debt & Capital Lease Obligation was RM1,119.6 Mil. Total Current Assets was RM1,095.0 Mil. Total Current Liabilities was RM964.0 Mil.
Net Income was 30.324 + 27.826 + 30.755 + 16.633 = RM105.5 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.
RCE Capital Bhd's current Net Income (TTM) was 126.6.
==> 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.
RCE Capital Bhd's return on assets of this year was 0.04238523. RCE Capital Bhd's return on assets of last year was 0.03523078.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
RCE Capital Bhd's gearing of this year was 0.36907557. RCE Capital Bhd's gearing of last year was 0.3796897.
==> 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
RCE Capital Bhd's current ratio of this year was 1.13590503. RCE Capital Bhd's current ratio of last year was 1.15763159.
==> 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.
RCE Capital Bhd's number of shares in issue this year was 1470.52. RCE Capital Bhd's number of shares in issue last year was 1471.653.
==> 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.
RCE Capital Bhd's gross margin of this year was 0.60338331. RCE Capital Bhd's gross margin of last year was 0.59473997.
==> 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
RCE Capital Bhd's asset turnover of this year was 0.1082441. RCE Capital Bhd's asset turnover of last year was 0.11071869.
==> 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
RCE Capital Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
RCE Capital Bhd (XKLS:9296) 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 RCE Capital Bhd and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, RCE Capital Bhd's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, RCE Capital Bhd ranks #102 out of 532 companies in the Credit Services industry, placing it in the top 19.2%.
Is RCE Capital Bhd's Piotroski F-Score too high?
RCE Capital Bhd's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Credit Services industry median Piotroski F-Score is 5.00. RCE Capital Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, RCE Capital Bhd ranks #102 out of 532 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, RCE Capital Bhd has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RCE Capital Bhd's Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, RCE Capital Bhd ranks #102 out of 532 companies for Piotroski F-Score. This places RCE Capital Bhd in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. RCE Capital Bhd's value of 6 is 20% above this benchmark. Historically, RCE Capital Bhd's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, RCE Capital 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 532 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. RCE Capital 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 RCE Capital Bhd and its competitors. For the Credit Services 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. RCE Capital Bhd's current Piotroski F-Score is 6, which is 50% 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 RCE Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, RCE Capital Bhd (XKLS:9296) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.20, compared to a current price of RM1.05 — trading 12.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Credit Services industry median of 5.00. RCE Capital Bhd's overall GF Score™ is 68/100 with 6 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 RCE Capital Bhd (XKLS:9296), 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 RCE Capital Bhd (XKLS:9296) Overvalued in 2026?
Based on GuruFocus' analysis, RCE Capital Bhd stock appears to be undervalued.
The current stock price of RM1.05 is trading 12.5% below its estimated GF Value™ of RM1.20.
GuruFocus considers RCE Capital Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:9296:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: RM1.20 vs. price of RM1.05 (12.5% below fair value)
Industry Position: 20% above the Credit Services median (#102 of 532)
No single metric tells the full story. See the XKLS:9296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RCE Capital Bhd is engaged in the business of investment holding and the provision of management services. Its core business operations include the delivery of shariah-compliant financing services to civil servants to generate sustainable returns for stakeholders. It is also engaged in other businesses such as the processing and administration of payroll collection, and providing financial administrative services.
68GF Score
Get the complete analysis for XKLS:9296
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