JBB Builders International (HKSE:01903) Piotroski F-Score: 5 (As of Aug. 13, 2026) — Near Median

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HKSE:01903 JBB Builders International Ltd HKSE:01903
57 GF Score
Price HK$2.50
GF Value HK$1.00
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is JBB Builders International Piotroski F-Score?

JBB Builders International HKSE:01903 -0.40% 57 Piotroski F-Score is 5 as of Aug. 13, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:01903 with a GF Score™ of 57/100 and a GF Value™ of HK$1.00 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,736 Construction companies, JBB Builders International ranks better than 52.76% 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

JBB Builders International 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 JBB Builders International's Piotroski F-Score or its related term are showing as below:

HKSE:01903' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 10 years, the highest Piotroski F-Score of JBB Builders International was 7. The lowest was 2. And the median was 5.

JBB Builders International  (HKSE:01903) 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.


JBB Builders International Piotroski F-Score Related Terms


JBB Builders International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for JBB Builders International'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.

JBB Builders International Piotroski F-Score Chart

JBB Builders International 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 4.00 6.00 2.00 6.00 5.00

JBB Builders International Semi-Annual Data
Jun16 Jun17 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 0.00 6.00 0.00 5.00 0.00

HKSE:01903 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, JBB Builders International'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.


JBB Builders International Piotroski F-Score vs Construction Industry

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

* The bar in red indicates where JBB Builders International's Piotroski F-Score falls into.


HKSE:01903
57GF Score
JBB Builders International Ltd HKSE:01903
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 HK$2.5 Mil.
Cash Flow from Operations was HK$-27.0 Mil.
Revenue was HK$790.7 Mil.
Gross Profit was HK$32.7 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (459.045 + 549.695) / 2 = HK$504.37 Mil.
Total Assets at the begining of this year (Jun24) was HK$459.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4.5 Mil.
Total Current Assets was HK$493.2 Mil.
Total Current Liabilities was HK$301.3 Mil.
Net Income was HK$5.0 Mil.

Revenue was HK$546.1 Mil.
Gross Profit was HK$13.8 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (370.27 + 459.045) / 2 = HK$414.6575 Mil.
Total Assets at the begining of last year (Jun23) was HK$370.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$11.3 Mil.
Total Current Assets was HK$380.2 Mil.
Total Current Liabilities was HK$221.6 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.

JBB Builders International's current Net Income (TTM) was 2.5. ==> 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.

JBB Builders International's current Cash Flow from Operations (TTM) was -27.0. ==> 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)
=2.465/459.045
=0.00536984

ROA (Last Year)=Net Income/Total Assets (Jun23)
=4.965/370.27
=0.01340913

JBB Builders International's return on assets of this year was 0.00536984. JBB Builders International's return on assets of last year was 0.01340913. ==> Last year is higher ==> Score 0.

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.

JBB Builders International's current Net Income (TTM) was 2.5. JBB Builders International's current Cash Flow from Operations (TTM) was -27.0. ==> -27.0 <= 2.5 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=4.465/504.37
=0.00885263

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=11.282/414.6575
=0.027208

JBB Builders International's gearing of this year was 0.00885263. JBB Builders International's gearing of last year was 0.027208. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=493.234/301.301
=1.63701415

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=380.183/221.645
=1.71527894

JBB Builders International's current ratio of this year was 1.63701415. JBB Builders International's current ratio of last year was 1.71527894. ==> 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.

JBB Builders International's number of shares in issue this year was 500. JBB Builders International's number of shares in issue last year was 500. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=32.726/790.749
=0.04138608

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.817/546.144
=0.02529919

JBB Builders International's gross margin of this year was 0.04138608. JBB Builders International's gross margin of last year was 0.02529919. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=790.749/459.045
=1.72259582

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=546.144/370.27
=1.47498852

JBB Builders International's asset turnover of this year was 1.72259582. JBB Builders International's asset turnover of last year was 1.47498852. ==> 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+0+0+0+1+0+1+1+1
=5

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

JBB Builders International 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?
JBB Builders International (HKSE:01903) has a Piotroski F-Score of 5 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on JBB Builders International and its competitors. This is near median its historical median of 5.00. Over the past decade, JBB Builders International's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, JBB Builders International ranks #820 out of 1736 companies in the Construction industry, placing it in the top 47.2%.
Is JBB Builders International's Piotroski F-Score too high?
JBB Builders International'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 2.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. JBB Builders International's value of 5 is 0% at this industry median. Based on the distribution chart, JBB Builders International ranks #820 out of 1736 companies in the Construction industry, which is above the industry midpoint. Overall, JBB Builders International has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JBB Builders International's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, JBB Builders International ranks #820 out of 1736 companies for Piotroski F-Score. This puts JBB Builders International in the upper half of its industry. The industry median Piotroski F-Score is 5.00. JBB Builders International's value of 5 is 0% at this benchmark. Historically, JBB Builders International's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, JBB Builders International 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 1,736 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. JBB Builders International'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 JBB Builders International 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. JBB Builders International'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 JBB Builders International stock overvalued right now?
Based on GuruFocus' analysis, JBB Builders International (HKSE:01903) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.00, compared to a current price of HK$2.50 — trading 150% above 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 Construction industry median of 5.00. JBB Builders International's overall GF Score™ is 57/100 with 2 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 JBB Builders International (HKSE:01903), the current Piotroski F-Score is 5 as of Aug. 13, 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 JBB Builders International (HKSE:01903) Overvalued in 2026?

Based on GuruFocus' analysis, JBB Builders International stock appears to be overvalued. The current stock price of HK$2.50 is trading 150% above its estimated GF Value™ of HK$1.00. GuruFocus considers JBB Builders International to be Significantly Overvalued.

Key valuation signals for HKSE:01903:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: HK$1.00 vs. price of HK$2.50 (150% above fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 0% at the Construction median (#820 of 1736)

No single metric tells the full story. See the HKSE:01903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBB Builders International Business Description

Address No. 20-01, Jalan Sri Perkasa 2/18, Taman Tampoi Utama, Johor Bahru, JHR, MYS, 81200
JBB Builders International Ltd is an established engineering contractor mainly engaged in marine construction services, as well as building and infrastructure services in Malaysia and Singapore. Its business is divided into three types of services: marine construction services, building and infrastructure services, and the trading business of marine gas oil. The marine construction services are further classified into reclamation and related works, and marine transportation, while the building and infrastructure services include general building works for the construction of properties and infrastructure projects. The majority of its revenue comes from marine construction services. Geographically, it derives revenue mainly from Singapore.
57GF Score

Get the complete analysis for HKSE:01903

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

HK$2.50
Price
HK$1.00
GF Value