ROMA (Roma Green Finance) Piotroski F-Score: 2 (As of Aug. 17, 2026) — 50% Below Median

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ROMA Roma Green Finance Ltd ROMA
17 GF Score
Price $9.00
! 11 Warning Signs
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What is Roma Green Finance Piotroski F-Score?

Roma Green Finance ROMA -1.53% 17 Piotroski F-Score is 2 as of Aug. 17, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates ROMA with a GF Score™ of 17/100. The stock has 11 warning signs investors should review. Among 1,060 Business Services companies, Roma Green Finance ranks worse than 93.77% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Roma Green Finance has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Roma Green Finance's Piotroski F-Score or its related term are showing as below:

ROMA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 2

During the past 6 years, the highest Piotroski F-Score of Roma Green Finance was 6. The lowest was 2. And the median was 4.

Roma Green Finance  (NAS:ROMA) 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.


Roma Green Finance Piotroski F-Score Related Terms


Roma Green Finance Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Roma Green Finance'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.

Roma Green Finance Piotroski F-Score Chart

Roma Green Finance Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 3.00 5.00 2.00

Roma Green Finance Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.00 0.00 5.00 0.00 2.00

ROMA vs SBC, FORR, GLAI: Piotroski F-Score Comparison

For the Consulting Services subindustry, Roma Green Finance'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.


Roma Green Finance Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Roma Green Finance's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Roma Green Finance's Piotroski F-Score falls into.


ROMA
17GF Score
Roma Green Finance Ltd ROMA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was $-3.49 Mil.
Cash Flow from Operations was $-2.53 Mil.
Revenue was $1.21 Mil.
Gross Profit was $0.21 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (6.53 + 9.941) / 2 = $8.2355 Mil.
Total Assets at the begining of this year (Mar25) was $6.53 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $8.12 Mil.
Total Current Liabilities was $0.36 Mil.
Net Income was $-3.57 Mil.

Revenue was $1.57 Mil.
Gross Profit was $0.58 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (8.124 + 6.53) / 2 = $7.327 Mil.
Total Assets at the begining of last year (Mar24) was $8.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $6.42 Mil.
Total Current Liabilities was $0.26 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.

Roma Green Finance's current Net Income (TTM) was -3.49. ==> 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.

Roma Green Finance's current Cash Flow from Operations (TTM) was -2.53. ==> 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 (Mar25)
=-3.491/6.53
=-0.53460949

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.573/8.124
=-0.43980798

Roma Green Finance's return on assets of this year was -0.53460949. Roma Green Finance's return on assets of last year was -0.43980798. ==> 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.

Roma Green Finance's current Net Income (TTM) was -3.49. Roma Green Finance's current Cash Flow from Operations (TTM) was -2.53. ==> -2.53 > -3.49 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/8.2355
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/7.327
=0

Roma Green Finance's gearing of this year was 0. Roma Green Finance's gearing of last year was 0. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=8.117/0.363
=22.36088154

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6.423/0.261
=24.6091954

Roma Green Finance's current ratio of this year was 22.36088154. Roma Green Finance's current ratio of last year was 24.6091954. ==> 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.

Roma Green Finance's number of shares in issue this year was 51.546. Roma Green Finance's number of shares in issue last year was 13.635. ==> 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
=0.208/1.213
=0.17147568

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.581/1.57
=0.37006369

Roma Green Finance's gross margin of this year was 0.17147568. Roma Green Finance's gross margin of last year was 0.37006369. ==> 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 (Mar25)
=1.213/6.53
=0.18575804

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.57/8.124
=0.19325455

Roma Green Finance's asset turnover of this year was 0.18575804. Roma Green Finance's asset turnover of last year was 0.19325455. ==> 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+1+1+0+0+0+0
=2

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

Roma Green Finance has an F-score of 2. 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 2 mean?
Roma Green Finance (ROMA) has a Piotroski F-Score of 2 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Roma Green Finance and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Roma Green Finance's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Roma Green Finance ranks #994 out of 1060 companies in the Business Services industry, placing it in the top 93.8%.
Is Roma Green Finance's Piotroski F-Score too high?
Roma Green Finance's current Piotroski F-Score of 2 is 50% 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 6.00. The Business Services industry median Piotroski F-Score is 5.00. Roma Green Finance's value of 2 is 60% below this industry median. Based on the distribution chart, Roma Green Finance ranks #994 out of 1060 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Roma Green Finance has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Roma Green Finance's Piotroski F-Score compare to SBC and FORR?
According to the Business Services industry distribution chart, Roma Green Finance ranks #994 out of 1060 companies for Piotroski F-Score. This places Roma Green Finance in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Roma Green Finance's value of 2 is 60% below this benchmark. Historically, Roma Green Finance's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Roma Green Finance 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,060 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. Roma Green Finance's current Piotroski F-Score of 2 is 60% 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 Roma Green Finance and its competitors. For the Business 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. Roma Green Finance's current Piotroski F-Score is 2, which is 50% 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 Roma Green Finance stock overvalued right now?
Roma Green Finance (ROMA) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Business Services industry median of 5.00. Roma Green Finance's overall GF Score™ is 17/100 with 11 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 Roma Green Finance (ROMA), the current Piotroski F-Score is 2 as of Aug. 17, 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.

Roma Green Finance Business Description

Address 8 Fleming Road, Flat 605, 6th Floor, Tai Tung Building, Wanchai, Hong Kong, HKG
Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage, and overcome various business matters arising from such factors related to ESG, sustainability and climate change. Geographically, the company generates its revenue from Hong Kong and Singapore.
17GF Score

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

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