ETA Group BhdXKLS:9946 45 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XKLS:9946 with a GF Score™ of 45/100 and a GF Value™ of RM0.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, ETA Group 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
ETA Group 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 ETA Group Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:9946'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of ETA Group Bhd was 6. The lowest was 1. And the median was 4.
ETA Group Bhd (XKLS:9946) 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.
ETA Group Bhd Piotroski F-Score Related Terms
ETA Group Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for ETA Group 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:9946 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, ETA Group 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.
ETA Group Bhd Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, ETA Group Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ETA Group 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.
ETA Group Bhd's current Net Income (TTM) was -3.0.
==> 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.
ETA Group Bhd's return on assets of this year was -0.01910042. ETA Group Bhd's return on assets of last year was 0.03768475.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
ETA Group Bhd's gearing of this year was 0.00040803. ETA Group Bhd's gearing of last year was 0.03720083.
==> 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
ETA Group Bhd's current ratio of this year was 2.61616791. ETA Group Bhd's current ratio of last year was 2.35629921.
==> 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.
ETA Group Bhd's number of shares in issue this year was 657.671. ETA Group Bhd's number of shares in issue last year was 657.671.
==> 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.
ETA Group Bhd's gross margin of this year was 1. ETA Group 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
ETA Group Bhd's asset turnover of this year was 0.8210016. ETA Group Bhd's asset turnover of last year was 0.4574551.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ETA Group Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.
ETA Group Bhd (XKLS:9946) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ETA Group Bhd and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, ETA Group Bhd's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, ETA Group Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is ETA Group Bhd's Piotroski F-Score too high?
ETA Group 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 1.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. ETA Group Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, ETA Group Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, ETA Group Bhd has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ETA Group Bhd's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, ETA Group Bhd ranks #507 out of 1911 companies for Piotroski F-Score. This puts ETA Group Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. ETA Group Bhd's value of 6 is 20% above this benchmark. Historically, ETA Group Bhd's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, ETA Group 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. ETA Group 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 ETA Group 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. ETA Group 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 ETA Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ETA Group Bhd (XKLS:9946) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.14, compared to a current price of RM0.12 — trading 14.3% 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 Consumer Packaged Goods industry median of 5.00. ETA Group Bhd's overall GF Score™ is 45/100 with 4 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 ETA Group Bhd (XKLS:9946), the current Piotroski F-Score is 6 as of Jun. 26, 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 ETA Group Bhd (XKLS:9946) Overvalued in 2026?
Based on GuruFocus' analysis, ETA Group Bhd stock appears to be undervalued.
The current stock price of RM0.12 is trading 14.3% below its estimated GF Value™ of RM0.14.
GuruFocus considers ETA Group Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:9946:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: RM0.14 vs. price of RM0.12 (14.3% below fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)
No single metric tells the full story. See the XKLS:9946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ETA Group Bhd is engaged in property development, property management and property investment, as well as construction and construction-related activities, including the trading and supply of construction materials. Its activities include Sourcing of land, Architectural and engineering services, Submission and approvals, Construction, Project management, and Delivery of vacant possession. It operates in two segment the manufacture and distribution of canned food, beverages and premix products and the trading and distribution of construction materials. It derives revenue from Trading and distribution of construction materials segment. Geographically, it operates in Malaysia, Europe, USA, and Asia (excluding Malaysia) with majority of revenue deriving from USA.
45GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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