APAC ResourcesAPPCF 39 Piotroski F-Score is 1 as of Jun. 24, 2026, which is 80% below its 10-year median of 5.00. GuruFocus rates APPCF with a GF Score™ of 39/100 and a GF Value™ of $0.20 (Fairly Valued). The stock has 7 warning signs investors should review. Among 781 Capital Markets companies, APAC Resources ranks worse than 98.34% on this metric.
Warning Sign:
Piotroski F-Score of 1 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
APAC Resources has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for APAC Resources's Piotroski F-Score or its related term are showing as below:
APPCF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 6
Current: 1
During the past 13 years, the highest Piotroski F-Score of APAC Resources was 6. The lowest was 1. And the median was 5.
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.
APAC Resources Piotroski F-Score Related Terms
APAC Resources Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for APAC Resources'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.
APPCF vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, APAC Resources'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.
APAC Resources Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, APAC Resources's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where APAC Resources'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.
APAC Resources's current Net Income (TTM) was 31.07.
==> 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.
APAC Resources's return on assets of this year was 0.05750449. APAC Resources's return on assets of last year was 0.1002463.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
APAC Resources's gearing of this year was 0.00030119. APAC Resources's gearing of last year was 3.659E-5.
==> 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
APAC Resources's current ratio of this year was 5.59964884. APAC Resources's current ratio of last year was 7.74788304.
==> 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.
APAC Resources's number of shares in issue this year was 1394.968. APAC Resources's number of shares in issue last year was 1339.178.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
APAC Resources's gross margin of this year was 0.03916165. APAC Resources's gross margin of last year was 0.07856486.
==> 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
APAC Resources's asset turnover of this year was 0.08327056. APAC Resources's asset turnover of last year was 0.30547621.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
APAC Resources has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
APAC Resources (APPCF) has a Piotroski F-Score of 1 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on APAC Resources and its competitors. This is 80% below median its historical median of 5.00. Over the past decade, APAC Resources' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, APAC Resources ranks #768 out of 781 companies in the Capital Markets industry, placing it in the top 98.3%.
Is APAC Resources' Piotroski F-Score too high?
APAC Resources' current Piotroski F-Score of 1 is 80% below 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 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. APAC Resources' value of 1 is 80% below this industry median. Based on the distribution chart, APAC Resources ranks #768 out of 781 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, APAC Resources has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APAC Resources' Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, APAC Resources ranks #768 out of 781 companies for Piotroski F-Score. This places APAC Resources in the lower half of its industry. The industry median Piotroski F-Score is 5.00. APAC Resources' value of 1 is 80% below this benchmark. Historically, APAC Resources' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, APAC Resources has consistently been below 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 781 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. APAC Resources's current Piotroski F-Score of 1 is 80% below 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 APAC Resources and its competitors. For the Capital Markets 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. APAC Resources's current Piotroski F-Score is 1, which is 80% below 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 APAC Resources stock overvalued right now?
Based on GuruFocus' analysis, APAC Resources (APPCF) is currently considered Fairly Valued. The stock's GF Value™ is $0.20, compared to a current price of $0.19 — trading 5.5% below its estimated fair value. The current Piotroski F-Score is 1, which is 80% below median its 10-year median of 5.00 and 80% below the Capital Markets industry median of 5.00. APAC Resources' overall GF Score™ is 39/100 with 7 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 APAC Resources (APPCF), the current Piotroski F-Score is 1 as of Jun. 24, 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 APAC Resources (APPCF) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Resources stock appears to be undervalued.
The current stock price of $0.19 is trading 5.5% below its estimated GF Value™ of $0.20.
GuruFocus considers APAC Resources to be Fairly Valued.
Key valuation signals for APPCF:
Piotroski F-Score: 1 (80% below median its 10-year median of 5.00)
GF Value™: $0.20 vs. price of $0.19 (5.5% below fair value)
Industry Position: 80% below the Capital Markets median (#768 of 781)
No single metric tells the full story. See the APPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and resource investment business. The company operates through three business segments, namely Commodity Business, which includes trading of commodities; Resource investment, which is engaged in the trading of and investment in listed and unlisted securities; and Principal investment and financial services, which engages in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from the Commodity Business segment. It operates in Hong Kong, the PRC, Australia, and the Philippines, with the majority of its revenue coming from the PRC.
39GF Score
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