Sino-Ocean Group Holding (FRA:3SD) Piotroski F-Score: 5 (As of Jul. 03, 2026) — Near Median


What is Sino-Ocean Group Holding Piotroski F-Score?

Sino-Ocean Group Holding FRA:3SD Piotroski F-Score is 5 as of Jul. 03, 2026, which is at its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,756 Real Estate companies, Sino-Ocean Group Holding ranks better than 61.1% 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

Sino-Ocean Group Holding 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 Sino-Ocean Group Holding's Piotroski F-Score or its related term are showing as below:

FRA:3SD' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Sino-Ocean Group Holding was 7. The lowest was 1. And the median was 5.

Sino-Ocean Group Holding  (FRA:3SD) 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.


Sino-Ocean Group Holding Piotroski F-Score Related Terms


Sino-Ocean Group Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino-Ocean Group Holding'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.

Sino-Ocean Group Holding Piotroski F-Score Chart

Sino-Ocean Group Holding 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 3.00 3.00 5.00 2.00 5.00

Sino-Ocean Group Holding 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 5.00 0.00 2.00 0.00 5.00

Sino-Ocean Group Holding Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Sino-Ocean Group Holding'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.


Sino-Ocean Group Holding Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino-Ocean Group Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sino-Ocean Group Holding'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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €819 Mil.
Cash Flow from Operations was €281 Mil.
Revenue was €1,799 Mil.
Gross Profit was €-1,283 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (23794.678 + 18305.997) / 2 = €21050.3375 Mil.
Total Assets at the begining of this year (Dec24) was €23,795 Mil.
Long-Term Debt & Capital Lease Obligation was €3,313 Mil.
Total Current Assets was €13,331 Mil.
Total Current Liabilities was €14,646 Mil.
Net Income was €-2,443 Mil.

Revenue was €3,101 Mil.
Gross Profit was €-52 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (26478.253 + 23794.678) / 2 = €25136.4655 Mil.
Total Assets at the begining of last year (Dec23) was €26,478 Mil.
Long-Term Debt & Capital Lease Obligation was €4,468 Mil.
Total Current Assets was €17,205 Mil.
Total Current Liabilities was €19,460 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.

Sino-Ocean Group Holding's current Net Income (TTM) was 819. ==> 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.

Sino-Ocean Group Holding's current Cash Flow from Operations (TTM) was 281. ==> 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 (Dec24)
=819.223/23794.678
=0.03442883

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-2442.88/26478.253
=-0.09225986

Sino-Ocean Group Holding's return on assets of this year was 0.03442883. Sino-Ocean Group Holding's return on assets of last year was -0.09225986. ==> 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.

Sino-Ocean Group Holding's current Net Income (TTM) was 819. Sino-Ocean Group Holding's current Cash Flow from Operations (TTM) was 281. ==> 281 <= 819 ==> CFROA <= ROA ==> Score 0.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=3313.035/21050.3375
=0.15738631

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4468.133/25136.4655
=0.17775502

Sino-Ocean Group Holding's gearing of this year was 0.15738631. Sino-Ocean Group Holding's gearing of last year was 0.17775502. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=13331.031/14646.349
=0.91019482

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=17205.496/19459.924
=0.88415022

Sino-Ocean Group Holding's current ratio of this year was 0.91019482. Sino-Ocean Group Holding's current ratio of last year was 0.88415022. ==> 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.

Sino-Ocean Group Holding's number of shares in issue this year was 13347.17. Sino-Ocean Group Holding's number of shares in issue last year was 7616.096. ==> 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
=-1283.214/1799.064
=-0.71326757

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-52.231/3100.909
=-0.01684377

Sino-Ocean Group Holding's gross margin of this year was -0.71326757. Sino-Ocean Group Holding's gross margin of last year was -0.01684377. ==> 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 (Dec24)
=1799.064/23794.678
=0.07560783

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3100.909/26478.253
=0.11711154

Sino-Ocean Group Holding's asset turnover of this year was 0.07560783. Sino-Ocean Group Holding's asset turnover of last year was 0.11711154. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+0+0+0
=5

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

Sino-Ocean Group Holding 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?
Sino-Ocean Group Holding (FRA:3SD) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino-Ocean Group Holding and its competitors. This is near median its historical median of 5.00. Over the past decade, Sino-Ocean Group Holding's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Sino-Ocean Group Holding ranks #683 out of 1756 companies in the Real Estate industry, placing it in the top 38.9%.
Is Sino-Ocean Group Holding's Piotroski F-Score too high?
Sino-Ocean Group Holding's current Piotroski F-Score of 5 is near 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 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Sino-Ocean Group Holding's value of 5 is 0% at this industry median. Based on the distribution chart, Sino-Ocean Group Holding ranks #683 out of 1756 companies in the Real Estate industry, which is above the industry midpoint.
How does Sino-Ocean Group Holding's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Sino-Ocean Group Holding ranks #683 out of 1756 companies for Piotroski F-Score. This puts Sino-Ocean Group Holding in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sino-Ocean Group Holding's value of 5 is 0% at this benchmark. Historically, Sino-Ocean Group Holding's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sino-Ocean Group Holding 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Sino-Ocean Group Holding'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 Sino-Ocean Group Holding and its competitors. For the Real Estate 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. Sino-Ocean Group Holding's current Piotroski F-Score is 5, which is near 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 Sino-Ocean Group Holding stock overvalued right now?
Sino-Ocean Group Holding (FRA:3SD) has a current Piotroski F-Score of 5. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 20% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Real Estate 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 Sino-Ocean Group Holding (FRA:3SD), the current Piotroski F-Score is 5 as of Jul. 03, 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.

Sino-Ocean Group Holding Business Description

Other Exchanges SIOLY:USA03377:Hong Kong
Address 56 Dongsihuanzhonglu, 31-33 Floor, Tower A, Ocean International Center, Chaoyang District, Beijing, CHN, 100025
Sino-Ocean Group Holding Ltd is a property developer. The company engages in the development of residential property, investment property development and operation, property services and whole-industrial chain construction services, with its scope of businesses also covering senior living service, internet data center, logistics real estate and real estate fund, etc. Its segments consist of property development, property investment, and property management. The majority of the revenue is derived from the property development segment. Its geographical locations include the Beijing Region, the Bohai Rim Region, the Eastern Region, the Southern Region, the Central Region, and the Western Region.