The Star Entertainment Group (ASX:SGR) Piotroski F-Score: 3 (As of Jun. 25, 2026) — 25% Below Median


What is The Star Entertainment Group Piotroski F-Score?

The Star Entertainment Group ASX:SGR -2.06% Piotroski F-Score is 3 as of Jun. 25, 2026, which is 25% below its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 840 Travel & Leisure companies, The Star Entertainment Group ranks worse than 87.86% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

The Star Entertainment Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for The Star Entertainment Group's Piotroski F-Score or its related term are showing as below:

ASX:SGR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of The Star Entertainment Group was 7. The lowest was 3. And the median was 4.

The Star Entertainment Group  (ASX:SGR) 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.


The Star Entertainment Group Piotroski F-Score Related Terms


The Star Entertainment Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Star Entertainment Group'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.

The Star Entertainment Group Piotroski F-Score Chart

The Star Entertainment Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 3.00 5.00 3.00

The Star Entertainment Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 5.00 0.00 3.00 0.00

ASX:SGR vs LVS, MGM, WYNN: Piotroski F-Score Comparison

For the Resorts & Casinos subindustry, The Star Entertainment Group'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.


The Star Entertainment Group Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Star Entertainment Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The Star Entertainment Group's Piotroski F-Score falls into.


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$-428 Mil.
Cash Flow from Operations was A$-144 Mil.
Revenue was A$1,178 Mil.
Gross Profit was A$1,111 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (1889.2 + 1822.3) / 2 = A$1855.75 Mil.
Total Assets at the begining of this year (Jun24) was A$1,889 Mil.
Long-Term Debt & Capital Lease Obligation was A$591 Mil.
Total Current Assets was A$341 Mil.
Total Current Liabilities was A$768 Mil.
Net Income was A$-1,685 Mil.

Revenue was A$1,666 Mil.
Gross Profit was A$1,580 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (3260.3 + 1889.2) / 2 = A$2574.75 Mil.
Total Assets at the begining of last year (Jun23) was A$3,260 Mil.
Long-Term Debt & Capital Lease Obligation was A$296 Mil.
Total Current Assets was A$543 Mil.
Total Current Liabilities was A$762 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.

The Star Entertainment Group's current Net Income (TTM) was -428. ==> 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.

Score 1 if positive, 0 if negative.

The Star Entertainment Group's current Cash Flow from Operations (TTM) was -144. ==> Negative ==> Score 0.

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 (Jun24)
=-427.9/1889.2
=-0.22649799

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-1684.6/3260.3
=-0.51670092

The Star Entertainment Group's return on assets of this year was -0.22649799. The Star Entertainment Group's return on assets of last year was -0.51670092. ==> 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.

The Star Entertainment Group's current Net Income (TTM) was -428. The Star Entertainment Group's current Cash Flow from Operations (TTM) was -144. ==> -144 > -428 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=590.5/1855.75
=0.31820019

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=295.7/2574.75
=0.1148461

The Star Entertainment Group's gearing of this year was 0.31820019. The Star Entertainment Group's gearing of last year was 0.1148461. ==> 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

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=341.4/767.7
=0.44470496

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=542.5/762.3
=0.71166208

The Star Entertainment Group's current ratio of this year was 0.44470496. The Star Entertainment Group's current ratio of last year was 0.71166208. ==> 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.

The Star Entertainment Group's number of shares in issue this year was 2867.209. The Star Entertainment Group's number of shares in issue last year was 2523.677. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1110.7/1177.9
=0.94294932

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1579.6/1665.9
=0.94819617

The Star Entertainment Group's gross margin of this year was 0.94294932. The Star Entertainment Group's gross margin of last year was 0.94819617. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=1177.9/1889.2
=0.62349142

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=1665.9/3260.3
=0.51096525

The Star Entertainment Group's asset turnover of this year was 0.62349142. The Star Entertainment Group's asset turnover of last year was 0.51096525. ==> 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
=0+0+1+1+0+0+0+0+1
=3

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

The Star Entertainment Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
The Star Entertainment Group (ASX:SGR) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Star Entertainment Group and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, The Star Entertainment Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, The Star Entertainment Group ranks #738 out of 840 companies in the Travel & Leisure industry, placing it in the top 87.9%.
Is The Star Entertainment Group's Piotroski F-Score too high?
The Star Entertainment Group's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. The Star Entertainment Group's value of 3 is 40% below this industry median. Based on the distribution chart, The Star Entertainment Group ranks #738 out of 840 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers.
How does The Star Entertainment Group's Piotroski F-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, The Star Entertainment Group ranks #738 out of 840 companies for Piotroski F-Score. This places The Star Entertainment Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Star Entertainment Group's value of 3 is 40% below this benchmark. Historically, The Star Entertainment Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, The Star Entertainment Group 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 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. The Star Entertainment Group's current Piotroski F-Score of 3 is 40% 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 The Star Entertainment Group and its competitors. For the Travel & Leisure 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. The Star Entertainment Group's current Piotroski F-Score is 3, which is 25% below 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 The Star Entertainment Group stock overvalued right now?
Based on GuruFocus' analysis, The Star Entertainment Group (ASX:SGR) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.13, compared to a current price of A$0.10 — trading 26.9% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Travel & Leisure industry median of 5.00. 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 The Star Entertainment Group (ASX:SGR), the current Piotroski F-Score is 3 as of Jun. 25, 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.

The Star Entertainment Group Business Description

Other Exchanges EHGRF:USAEE9:Germany
Address 159 William Street, Level 3, Brisbane, QLD, AUS, 4000
The Star Entertainment Group Ltd is an Australian-based company that operates and manages integrated resorts. The group comprises the following four operating segments: Sydney, Gold Coast, Treasury Brisbane, and The Star Brisbane. It generates the majority of its revenue from the Sydney segment, which comprises the Star Sydney's casino operations, including hotels, restaurants, bars, and other entertainment facilities.