Republic Healthcare (HKSE:08357) Piotroski F-Score: 3 (As of Aug. 24, 2026) — 25% Below Median

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HKSE:08357 Republic Healthcare Ltd HKSE:08357
30 GF Score
Price HK$0.10
GF Value HK$0.09
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Republic Healthcare Piotroski F-Score?

Republic Healthcare HKSE:08357 30 Piotroski F-Score is 3 as of Aug. 24, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates HKSE:08357 with a GF Score™ of 30/100 and a GF Value™ of HK$0.09 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 645 Healthcare Providers & Services companies, Republic Healthcare ranks worse than 82.95% 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

Republic Healthcare 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 Republic Healthcare's Piotroski F-Score or its related term are showing as below:

HKSE:08357' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 3

During the past 10 years, the highest Piotroski F-Score of Republic Healthcare was 6. The lowest was 3. And the median was 4.

Republic Healthcare  (HKSE:08357) 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.


Republic Healthcare Piotroski F-Score Related Terms


Republic Healthcare Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Republic Healthcare'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.

Republic Healthcare Piotroski F-Score Chart

Republic Healthcare 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 6.00 6.00 3.00

Republic Healthcare Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 6.00 0.00 3.00 0.00

HKSE:08357 vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Republic Healthcare'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.


Republic Healthcare Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Republic Healthcare's Piotroski F-Score distribution charts can be found below:

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


HKSE:08357
30GF Score
Republic Healthcare Ltd HKSE:08357
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$-18.13 Mil.
Cash Flow from Operations was HK$-12.08 Mil.
Revenue was HK$47.97 Mil.
Gross Profit was HK$32.63 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (83.346 + 97.298) / 2 = HK$90.322 Mil.
Total Assets at the begining of this year (Dec24) was HK$83.35 Mil.
Long-Term Debt & Capital Lease Obligation was HK$23.85 Mil.
Total Current Assets was HK$55.36 Mil.
Total Current Liabilities was HK$15.09 Mil.
Net Income was HK$-1.03 Mil.

Revenue was HK$49.83 Mil.
Gross Profit was HK$33.99 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (91.711 + 83.346) / 2 = HK$87.5285 Mil.
Total Assets at the begining of last year (Dec23) was HK$91.71 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2.31 Mil.
Total Current Assets was HK$74.22 Mil.
Total Current Liabilities was HK$8.28 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.

Republic Healthcare's current Net Income (TTM) was -18.13. ==> 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.

Republic Healthcare's current Cash Flow from Operations (TTM) was -12.08. ==> 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 (Dec24)
=-18.127/83.346
=-0.21749094

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-1.025/91.711
=-0.01117641

Republic Healthcare's return on assets of this year was -0.21749094. Republic Healthcare's return on assets of last year was -0.01117641. ==> 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.

Republic Healthcare's current Net Income (TTM) was -18.13. Republic Healthcare's current Cash Flow from Operations (TTM) was -12.08. ==> -12.08 > -18.13 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=23.854/90.322
=0.26409955

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.314/87.5285
=0.0264371

Republic Healthcare's gearing of this year was 0.26409955. Republic Healthcare's gearing of last year was 0.0264371. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=55.358/15.089
=3.66876533

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=74.217/8.278
=8.96557139

Republic Healthcare's current ratio of this year was 3.66876533. Republic Healthcare's current ratio of last year was 8.96557139. ==> 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.

Republic Healthcare's number of shares in issue this year was 624. Republic Healthcare's number of shares in issue last year was 624. ==> 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
=32.631/47.968
=0.68026601

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33.986/49.833
=0.68199787

Republic Healthcare's gross margin of this year was 0.68026601. Republic Healthcare's gross margin of last year was 0.68199787. ==> 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)
=47.968/83.346
=0.57552852

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=49.833/91.711
=0.54336993

Republic Healthcare's asset turnover of this year was 0.57552852. Republic Healthcare's asset turnover of last year was 0.54336993. ==> 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
=0+0+0+1+0+0+1+0+1
=3

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

Republic Healthcare 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?
Republic Healthcare (HKSE:08357) has a Piotroski F-Score of 3 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Republic Healthcare and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Republic Healthcare's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Republic Healthcare ranks #535 out of 645 companies in the Healthcare Providers & Services industry, placing it in the top 82.9%.
Is Republic Healthcare's Piotroski F-Score too high?
Republic Healthcare'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 3.00 to a high of 6.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Republic Healthcare's value of 3 is 40% below this industry median. Based on the distribution chart, Republic Healthcare ranks #535 out of 645 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Republic Healthcare has a GF Score™ of 30/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Republic Healthcare's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Republic Healthcare ranks #535 out of 645 companies for Piotroski F-Score. This places Republic Healthcare in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Republic Healthcare's value of 3 is 40% below this benchmark. Historically, Republic Healthcare's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Republic Healthcare 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 645 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. Republic Healthcare'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 Republic Healthcare and its competitors. For the Healthcare Providers & Services 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. Republic Healthcare'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 Republic Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Republic Healthcare (HKSE:08357) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.10 — trading 14.4% above 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 Healthcare Providers & Services industry median of 5.00. Republic Healthcare's overall GF Score™ is 30/100 with 4 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 Republic Healthcare (HKSE:08357), the current Piotroski F-Score is 3 as of Aug. 24, 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 Republic Healthcare (HKSE:08357) Overvalued in 2026?

Based on GuruFocus' analysis, Republic Healthcare stock appears to be overvalued. The current stock price of HK$0.10 is trading 14.4% above its estimated GF Value™ of HK$0.09. GuruFocus considers Republic Healthcare to be Modestly Overvalued.

Key valuation signals for HKSE:08357:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: HK$0.09 vs. price of HK$0.10 (14.4% above fair value)
  • GF Score™: 30/100 with 4 warning signs
  • Industry Position: 40% below the Healthcare Providers & Services median (#535 of 645)

No single metric tells the full story. See the HKSE:08357 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Republic Healthcare Business Description

Address 201 Henderson Road, No. 07-11/12 Apex, Henderson, SGP, 159545
Republic Healthcare Ltd is principally engaged in the clinic business in Singapore and the provision of management advisory services. The company provides healthcare services operating a network of general practice clinics, treatment solutions for common medical conditions with a focus on sexual health and infectious diseases, and operation of a medical aesthetics clinic that focuses on providing treatment solutions for common skin conditions and basic medical aesthetics services. The company is segments are medical services and education services. The Group is engaged in the operation of medical clinics and the provision of management advisory services, pepper trading business, and healthcare-related education business. It generates maximum revenue from Singapore.
30GF Score

Get the complete analysis for HKSE:08357

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

HK$0.10
Price
HK$0.09
GF Value