Mitrajaya Holdings Bhd (XKLS:9571) Piotroski F-Score: 9 (As of Jul. 09, 2026) — 80% Above Median


XKLS:9571 Mitrajaya Holdings Bhd XKLS:9571
67 GF Score
Price RM0.65
GF Value RM0.90
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Mitrajaya Holdings Bhd Piotroski F-Score?

Mitrajaya Holdings Bhd XKLS:9571 +0.78% 67 Piotroski F-Score is 9 as of Jul. 09, 2026, which is 80% above its 10-year median of 5.00. GuruFocus rates XKLS:9571 with a GF Score™ of 67/100 and a GF Value™ of RM0.90 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,731 Construction companies, Mitrajaya Holdings Bhd ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Mitrajaya Holdings Bhd has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

XKLS:9571' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Mitrajaya Holdings Bhd was 9. The lowest was 1. And the median was 5.

Mitrajaya Holdings Bhd  (XKLS:9571) 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.


Mitrajaya Holdings Bhd Piotroski F-Score Related Terms


Mitrajaya Holdings Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mitrajaya Holdings 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.

Mitrajaya Holdings Bhd Piotroski F-Score Chart

Mitrajaya Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 9.00 8.00 5.00 9.00

Mitrajaya Holdings 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 7.00 8.00 8.00 9.00 9.00

XKLS:9571 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Mitrajaya Holdings 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.


Mitrajaya Holdings Bhd Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Mitrajaya Holdings Bhd's Piotroski F-Score distribution charts can be found below:

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


XKLS:9571
67GF Score
Mitrajaya Holdings Bhd XKLS:9571
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 16.623 + 23.588 + 34.315 + 6.887 = RM81.4 Mil.
Cash Flow from Operations was 34.571 + 23.067 + 60.374 + 37.697 = RM155.7 Mil.
Revenue was 165.237 + 204.249 + 307.634 + 229.645 = RM906.8 Mil.
Gross Profit was 31.235 + 33.803 + 51.228 + 19.559 = RM135.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1095.435 + 1096.924 + 1150.45 + 1152.36 + 1178.046) / 5 = RM1134.643 Mil.
Total Assets at the begining of this year (Mar25) was RM1,095.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.1 Mil.
Total Current Assets was RM713.3 Mil.
Total Current Liabilities was RM318.8 Mil.
Net Income was 0.911 + 2.654 + 18.043 + 9.062 = RM30.7 Mil.

Revenue was 51.066 + 111.52 + 155.761 + 131.408 = RM449.8 Mil.
Gross Profit was 7.959 + 11.542 + 22.67 + 23.036 = RM65.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(933.23 + 958.621 + 1004.446 + 1044.87 + 1095.435) / 5 = RM1007.3204 Mil.
Total Assets at the begining of last year (Mar24) was RM933.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.3 Mil.
Total Current Assets was RM610.2 Mil.
Total Current Liabilities was RM299.7 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.

Mitrajaya Holdings Bhd's current Net Income (TTM) was 81.4. ==> 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.

Mitrajaya Holdings Bhd's current Cash Flow from Operations (TTM) was 155.7. ==> 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 (Mar25)
=81.413/1095.435
=0.07432025

ROA (Last Year)=Net Income/Total Assets (Mar24)
=30.67/933.23
=0.03286435

Mitrajaya Holdings Bhd's return on assets of this year was 0.07432025. Mitrajaya Holdings Bhd's return on assets of last year was 0.03286435. ==> 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.

Mitrajaya Holdings Bhd's current Net Income (TTM) was 81.4. Mitrajaya Holdings Bhd's current Cash Flow from Operations (TTM) was 155.7. ==> 155.7 > 81.4 ==> 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
=0.102/1134.643
=8.99E-5

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.309/1007.3204
=0.00030675

Mitrajaya Holdings Bhd's gearing of this year was 8.99E-5. Mitrajaya Holdings Bhd's gearing of last year was 0.00030675. ==> 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
=713.266/318.768
=2.2375709

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=610.153/299.684
=2.03598791

Mitrajaya Holdings Bhd's current ratio of this year was 2.2375709. Mitrajaya Holdings Bhd's current ratio of last year was 2.03598791. ==> 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.

Mitrajaya Holdings Bhd's number of shares in issue this year was 728.428. Mitrajaya Holdings Bhd's number of shares in issue last year was 754.601. ==> 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
=135.825/906.765
=0.14979074

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=65.207/449.755
=0.14498338

Mitrajaya Holdings Bhd's gross margin of this year was 0.14979074. Mitrajaya Holdings Bhd's gross margin of last year was 0.14498338. ==> 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)
=906.765/1095.435
=0.82776705

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=449.755/933.23
=0.48193371

Mitrajaya Holdings Bhd's asset turnover of this year was 0.82776705. Mitrajaya Holdings Bhd's asset turnover of last year was 0.48193371. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+1
=9

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

Mitrajaya Holdings Bhd has an F-score of 9. 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 9 mean?
Mitrajaya Holdings Bhd (XKLS:9571) has a Piotroski F-Score of 9 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mitrajaya Holdings Bhd and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, Mitrajaya Holdings Bhd's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Mitrajaya Holdings Bhd ranks #1 out of 1731 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Mitrajaya Holdings Bhd's Piotroski F-Score too high?
Mitrajaya Holdings Bhd's current Piotroski F-Score of 9 is 80% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Mitrajaya Holdings Bhd's value of 9 is 80% above this industry median. Based on the distribution chart, Mitrajaya Holdings Bhd ranks #1 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Mitrajaya Holdings Bhd has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitrajaya Holdings Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Mitrajaya Holdings Bhd ranks #1 out of 1731 companies for Piotroski F-Score. This places Mitrajaya Holdings Bhd in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mitrajaya Holdings Bhd's value of 9 is 80% above this benchmark. Historically, Mitrajaya Holdings Bhd's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Mitrajaya Holdings 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Mitrajaya Holdings Bhd's current Piotroski F-Score of 9 is 80% 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 Mitrajaya Holdings Bhd and its competitors. For the Construction 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. Mitrajaya Holdings Bhd's current Piotroski F-Score is 9, which is 80% 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 Mitrajaya Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mitrajaya Holdings Bhd (XKLS:9571) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.90, compared to a current price of RM0.65 — trading 28.3% below its estimated fair value. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Construction industry median of 5.00. Mitrajaya Holdings Bhd's overall GF Score™ is 67/100 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 Mitrajaya Holdings Bhd (XKLS:9571), the current Piotroski F-Score is 9 as of Jul. 09, 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 Mitrajaya Holdings Bhd (XKLS:9571) Overvalued in 2026?

Based on GuruFocus' analysis, Mitrajaya Holdings Bhd stock appears to be undervalued. The current stock price of RM0.65 is trading 28.3% below its estimated GF Value™ of RM0.90. GuruFocus considers Mitrajaya Holdings Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:9571:

  • Piotroski F-Score: 9 (80% above median its 10-year median of 5.00)
  • GF Value™: RM0.90 vs. price of RM0.65 (28.3% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 80% above the Construction median (#1 of 1731)

No single metric tells the full story. See the XKLS:9571 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitrajaya Holdings Bhd Business Description

Address No. 9, Blok D, Pusat Perdagangan Puchong Prima, Persiaran Prima Utama, Taman Puchong Prima, Puchong, SGR, MYS, 47150
Mitrajaya Holdings Bhd is a Malaysian company that operates in the construction, property development, healthcare and manufacturing, and trading industries. The company is involved in civil engineering, building, and road construction work, property development, and healthcare. The company manages its business segments namely construction, property development, South Africa investment, Plantation, and others. The construction segment generates maximum revenue.
67GF Score

Get the complete analysis for XKLS:9571

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

RM0.65
Price
RM0.90
GF Value