SRG Global (ASX:SRG) Piotroski F-Score: 5 (As of Jul. 04, 2026) — 29% Below Median


ASX:SRG SRG Global Ltd ASX:SRG
76 GF Score
Price A$3.79
GF Value A$1.30
Valuation Significantly Overvalued
! 6 Warning Signs
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What is SRG Global Piotroski F-Score?

SRG Global ASX:SRG -0.26% 76 Piotroski F-Score is 5 as of Jul. 04, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates ASX:SRG with a GF Score™ of 76/100 and a GF Value™ of A$1.30 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,731 Construction companies, SRG Global ranks better than 52.74% 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

SRG Global has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

ASX:SRG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of SRG Global was 8. The lowest was 2. And the median was 7.

SRG Global  (ASX:SRG) 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.


SRG Global Piotroski F-Score Related Terms


SRG Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SRG Global'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.

SRG Global Piotroski F-Score Chart

SRG Global 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 8.00 7.00 7.00 8.00 5.00

SRG Global 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 8.00 0.00 5.00 0.00

ASX:SRG vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, SRG Global'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.


SRG Global Piotroski F-Score vs Construction Industry

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

* The bar in red indicates where SRG Global's Piotroski F-Score falls into.


ASX:SRG
76GF Score
SRG Global Ltd ASX:SRG
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$47 Mil.
Cash Flow from Operations was A$95 Mil.
Revenue was A$1,323 Mil.
Gross Profit was A$748 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (640.484 + 855.317) / 2 = A$747.9005 Mil.
Total Assets at the begining of this year (Jun24) was A$640 Mil.
Long-Term Debt & Capital Lease Obligation was A$88 Mil.
Total Current Assets was A$392 Mil.
Total Current Liabilities was A$367 Mil.
Net Income was A$34 Mil.

Revenue was A$1,069 Mil.
Gross Profit was A$604 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (591.165 + 640.484) / 2 = A$615.8245 Mil.
Total Assets at the begining of last year (Jun23) was A$591 Mil.
Long-Term Debt & Capital Lease Obligation was A$60 Mil.
Total Current Assets was A$318 Mil.
Total Current Liabilities was A$264 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.

SRG Global's current Net Income (TTM) was 47. ==> 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.

SRG Global's current Cash Flow from Operations (TTM) was 95. ==> 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 (Jun24)
=47.482/640.484
=0.07413456

ROA (Last Year)=Net Income/Total Assets (Jun23)
=34.436/591.165
=0.05825108

SRG Global's return on assets of this year was 0.07413456. SRG Global's return on assets of last year was 0.05825108. ==> 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.

SRG Global's current Net Income (TTM) was 47. SRG Global's current Cash Flow from Operations (TTM) was 95. ==> 95 > 47 ==> 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
=88.191/747.9005
=0.11791809

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=59.929/615.8245
=0.09731506

SRG Global's gearing of this year was 0.11791809. SRG Global's gearing of last year was 0.09731506. ==> 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
=392.074/366.516
=1.06973229

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=317.59/263.686
=1.20442496

SRG Global's current ratio of this year was 1.06973229. SRG Global's current ratio of last year was 1.20442496. ==> 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.

SRG Global's number of shares in issue this year was 608.744. SRG Global's number of shares in issue last year was 529.785. ==> 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
=747.631/1323.307
=0.5649717

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=604.255/1069.259
=0.56511565

SRG Global's gross margin of this year was 0.5649717. SRG Global's gross margin of last year was 0.56511565. ==> 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)
=1323.307/640.484
=2.0661047

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=1069.259/591.165
=1.80873191

SRG Global's asset turnover of this year was 2.0661047. SRG Global's asset turnover of last year was 1.80873191. ==> 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+0+0+0+0+1
=5

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

SRG Global has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
SRG Global (ASX:SRG) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SRG Global and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, SRG Global's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, SRG Global ranks #818 out of 1731 companies in the Construction industry, placing it in the top 47.3%.
Is SRG Global's Piotroski F-Score too high?
SRG Global's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. SRG Global's value of 5 is 0% at this industry median. Based on the distribution chart, SRG Global ranks #818 out of 1731 companies in the Construction industry, which is above the industry midpoint. Overall, SRG Global has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SRG Global's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, SRG Global ranks #818 out of 1731 companies for Piotroski F-Score. This puts SRG Global in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SRG Global's value of 5 is 0% at this benchmark. Historically, SRG Global's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, SRG Global has consistently been at 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. SRG Global's current Piotroski F-Score of 5 is 0% at 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 SRG Global 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. SRG Global's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRG Global stock overvalued right now?
Based on GuruFocus' analysis, SRG Global (ASX:SRG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.30, compared to a current price of A$3.79 — trading 191.5% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Construction industry median of 5.00. SRG Global's overall GF Score™ is 76/100 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 SRG Global (ASX:SRG), the current Piotroski F-Score is 5 as of Jul. 04, 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 SRG Global (ASX:SRG) Overvalued in 2026?

Based on GuruFocus' analysis, SRG Global stock appears to be overvalued. The current stock price of A$3.79 is trading 191.5% above its estimated GF Value™ of A$1.30. GuruFocus considers SRG Global to be Significantly Overvalued.

Key valuation signals for ASX:SRG:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: A$1.30 vs. price of A$3.79 (191.5% above fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 0% at the Construction median (#818 of 1731)

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


SRG Global Business Description

Address 500 Hay Street, Level 2, Subiaco, Perth, WA, AUS, 6008
SRG Global Ltd is a diversified infrastructure services company. The company's operating segment includes Engineering and Construction consists of supplying integrated products and services to customers involved in the construction of complex infrastructure; and Maintenance and Industrial Services consists of supplying integrated services to customers across the entire asset life cycle. Services provided span multiple sectors, including oil and gas, energy, infrastructure, offshore, mining, power generation, water treatment plants, commissioning, decommissioning, shutdowns, and civil works. The group generates the majority of its revenue from the Maintenance and Industrial Services segment.
76GF Score

Get the complete analysis for ASX:SRG

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

A$3.79
Price
A$1.30
GF Value