Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Raffles InteriorHKSE:01376 Piotroski F-Score is 3 as of Aug. 03, 2026, which is 25% below its 10-year median of 4.00. The stock has 4 warning signs investors should review.
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
Raffles Interior 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 Raffles Interior's Piotroski F-Score or its related term are showing as below:
HKSE:01376'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 8
Current: 3
During the past 8 years, the highest Piotroski F-Score of Raffles Interior was 8. The lowest was 2. And the median was 4.
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.
Raffles Interior Piotroski F-Score Related Terms
Raffles Interior Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Raffles Interior'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.
HKSE:01376 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Raffles Interior'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.
Raffles Interior Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Raffles Interior's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Raffles Interior'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.
Raffles Interior's current Net Income (TTM) was -26.2.
==> 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.
Raffles Interior's return on assets of this year was -0.10097621. Raffles Interior's return on assets of last year was 0.03443512.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Raffles Interior's gearing of this year was 0.10406667. Raffles Interior's gearing of last year was 0.01852551.
==> 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
Raffles Interior's current ratio of this year was 1.22813237. Raffles Interior's current ratio of last year was 1.38301458.
==> 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.
Raffles Interior's number of shares in issue this year was 1184.939. Raffles Interior's number of shares in issue last year was 1000.
==> 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.
Raffles Interior's gross margin of this year was 0.26714718. Raffles Interior's gross margin of last year was 0.12606861.
==> This year's gross margin is higher. ==> Score 1.
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
Raffles Interior's asset turnover of this year was 1.04617212. Raffles Interior's asset turnover of last year was 2.23806912.
==> 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
=
0
+
1
+
0
+
1
+
0
+
0
+
0
+
1
+
0
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Raffles Interior has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Raffles Interior (HKSE:01376) has a Piotroski F-Score of 3 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Raffles Interior and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Raffles Interior's Piotroski F-Score has ranged from 2.00 to 8.00.
Is Raffles Interior's Piotroski F-Score too high?
Raffles Interior'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 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Raffles Interior's value of 3 is 40% below this industry median.
How does Raffles Interior's Piotroski F-Score compare to PWR and FIX?
Raffles Interior's Piotroski F-Score of 3 can be compared against companies in the Construction industry. The industry median Piotroski F-Score is 5.00. Raffles Interior's value of 3 is 40% below this benchmark. Historically, Raffles Interior'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 4.00 vs. the industry median of 5.00, Raffles Interior 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,728 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. Raffles Interior'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 Raffles Interior 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. Raffles Interior'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 Raffles Interior stock overvalued right now?
Raffles Interior (HKSE:01376) has a current Piotroski F-Score of 3. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.10 — trading 4% 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 Construction 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 Raffles Interior (HKSE:01376), the current Piotroski F-Score is 3 as of Aug. 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.
Raffles Interior Ltd is a Singapore-based investment holding company. The Group is an interior fitting-out services provider in Singapore. Its interior fitting-out services include project management and construction management of the interior fitting-out projects; construction and installation of interior fitting-out works; customizing, manufacturing and supplying of carpentry/joinery and integral fixtures; and maintenance of the projects that it undertakes on an ad-hoc basis. The company derives its revenue from projects involving fitting-out works for office space in Singapore.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01376 has been successfully added to your 
