Rimbaco Group Global (HKSE:01953) Piotroski F-Score: 3 (As of Jul. 12, 2026) — 40% Below Median


HKSE:01953 Rimbaco Group Global Ltd HKSE:01953
46 GF Score
Price HK$1.13
GF Value HK$0.14
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Rimbaco Group Global Piotroski F-Score?

Rimbaco Group Global HKSE:01953 -1.74% 46 Piotroski F-Score is 3 as of Jul. 12, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates HKSE:01953 with a GF Score™ of 46/100 and a GF Value™ of HK$0.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,730 Construction companies, Rimbaco Group Global ranks worse than 81.97% 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

Rimbaco Group Global 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 Rimbaco Group Global's Piotroski F-Score or its related term are showing as below:

HKSE:01953' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 9 years, the highest Piotroski F-Score of Rimbaco Group Global was 7. The lowest was 3. And the median was 5.

Rimbaco Group Global  (HKSE:01953) 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.


Rimbaco Group Global Piotroski F-Score Related Terms


Rimbaco Group Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rimbaco Group 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.

Rimbaco Group Global Piotroski F-Score Chart

Rimbaco Group Global Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 7.00 5.00 5.00 3.00

Rimbaco Group Global Semi-Annual Data
Oct17 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.00 5.00 0.00 3.00 0.00

HKSE:01953 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Rimbaco Group 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.


Rimbaco Group Global Piotroski F-Score vs Construction Industry

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

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


HKSE:01953
46GF Score
Rimbaco Group Global Ltd HKSE:01953
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was HK$-2.7 Mil.
Cash Flow from Operations was HK$-3.0 Mil.
Revenue was HK$479.6 Mil.
Gross Profit was HK$24.2 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (528.786 + 444.48) / 2 = HK$486.633 Mil.
Total Assets at the begining of this year (Oct24) was HK$528.8 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$372.7 Mil.
Total Current Liabilities was HK$212.8 Mil.
Net Income was HK$-2.8 Mil.

Revenue was HK$522.8 Mil.
Gross Profit was HK$7.3 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (574.043 + 528.786) / 2 = HK$551.4145 Mil.
Total Assets at the begining of last year (Oct23) was HK$574.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.6 Mil.
Total Current Assets was HK$471.6 Mil.
Total Current Liabilities was HK$252.7 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.

Rimbaco Group Global's current Net Income (TTM) was -2.7. ==> 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.

Rimbaco Group Global's current Cash Flow from Operations (TTM) was -3.0. ==> 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 (Oct24)
=-2.67/528.786
=-0.0050493

ROA (Last Year)=Net Income/Total Assets (Oct23)
=-2.806/574.043
=-0.00488814

Rimbaco Group Global's return on assets of this year was -0.0050493. Rimbaco Group Global's return on assets of last year was -0.00488814. ==> 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.

Rimbaco Group Global's current Net Income (TTM) was -2.7. Rimbaco Group Global's current Cash Flow from Operations (TTM) was -3.0. ==> -3.0 <= -2.7 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=0/486.633
=0

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=0.551/551.4145
=0.00099925

Rimbaco Group Global's gearing of this year was 0. Rimbaco Group Global's gearing of last year was 0.00099925. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=372.732/212.786
=1.75167539

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=471.586/252.659
=1.86649199

Rimbaco Group Global's current ratio of this year was 1.75167539. Rimbaco Group Global's current ratio of last year was 1.86649199. ==> 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.

Rimbaco Group Global's number of shares in issue this year was 1260. Rimbaco Group Global's number of shares in issue last year was 1260. ==> 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
=24.228/479.6
=0.0505171

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.32/522.827
=0.01400081

Rimbaco Group Global's gross margin of this year was 0.0505171. Rimbaco Group Global's gross margin of last year was 0.01400081. ==> 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 (Oct24)
=479.6/528.786
=0.90698317

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=522.827/574.043
=0.9107802

Rimbaco Group Global's asset turnover of this year was 0.90698317. Rimbaco Group Global's asset turnover of last year was 0.9107802. ==> 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+0+0+0+1+0+1+1+0
=3

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

Rimbaco Group Global 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?
Rimbaco Group Global (HKSE:01953) has a Piotroski F-Score of 3 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rimbaco Group Global and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Rimbaco Group Global's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Rimbaco Group Global ranks #1418 out of 1730 companies in the Construction industry, placing it in the top 82%.
Is Rimbaco Group Global's Piotroski F-Score too high?
Rimbaco Group Global's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Rimbaco Group Global's value of 3 is 40% below this industry median. Based on the distribution chart, Rimbaco Group Global ranks #1418 out of 1730 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Rimbaco Group Global has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rimbaco Group Global's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Rimbaco Group Global ranks #1418 out of 1730 companies for Piotroski F-Score. This places Rimbaco Group Global in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Rimbaco Group Global's value of 3 is 40% below this benchmark. Historically, Rimbaco Group Global'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 5.00 vs. the industry median of 5.00, Rimbaco Group Global 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 1,730 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. Rimbaco Group Global'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 Rimbaco Group 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. Rimbaco Group Global's current Piotroski F-Score is 3, which is 40% below 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 Rimbaco Group Global stock overvalued right now?
Based on GuruFocus' analysis, Rimbaco Group Global (HKSE:01953) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$1.13 — trading 707.1% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Construction industry median of 5.00. Rimbaco Group Global's overall GF Score™ is 46/100 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 Rimbaco Group Global (HKSE:01953), the current Piotroski F-Score is 3 as of Jul. 12, 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 Rimbaco Group Global (HKSE:01953) Overvalued in 2026?

Based on GuruFocus' analysis, Rimbaco Group Global stock appears to be overvalued. The current stock price of HK$1.13 is trading 707.1% above its estimated GF Value™ of HK$0.14. GuruFocus considers Rimbaco Group Global to be Significantly Overvalued.

Key valuation signals for HKSE:01953:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: HK$0.14 vs. price of HK$1.13 (707.1% above fair value)
  • GF Score™: 46/100 with 6 warning signs
  • Industry Position: 40% below the Construction median (#1418 of 1730)

No single metric tells the full story. See the HKSE:01953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rimbaco Group Global Business Description

Address 9-03-01, Jalan Ahmad Nor, Pusat Perdagangan Nova, Jelutong, PNG, MYS, 11600
Rimbaco Group Global Ltd is mainly involved in the building construction industry in Malaysia. It is a Malaysia-based building construction contractor focusing on the provision of building construction services for factories, including low-rise processing facilities and manufacturing plants; institutional, commercial and residential buildings such as private hospitals, hotels, shopping malls, high-rise residential buildings and commercial or residential complex; and infrastructure works. Rimbaco also undertakes small-scale ancillary construction works, including but not limited to renovation works, repair works and electrical works.
46GF Score

Get the complete analysis for HKSE:01953

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

HK$1.13
Price
HK$0.14
GF Value