SGGKY (Singapore Technologies Engineering) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


SGGKY Singapore Technologies Engineering Ltd SGGKY
69 GF Score
Price $85.00
GF Value $42.53
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Singapore Technologies Engineering Piotroski F-Score?

Singapore Technologies Engineering SGGKY 69 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates SGGKY with a GF Score™ of 69/100 and a GF Value™ of $42.53 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 319 Aerospace & Defense companies, Singapore Technologies Engineering ranks better than 53.61% 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

Singapore Technologies Engineering 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 Singapore Technologies Engineering's Piotroski F-Score or its related term are showing as below:

SGGKY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Singapore Technologies Engineering was 7. The lowest was 5. And the median was 6.

Singapore Technologies Engineering  (OTCPK:SGGKY) 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.


Singapore Technologies Engineering Piotroski F-Score Related Terms


Singapore Technologies Engineering Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Singapore Technologies Engineering'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.

Singapore Technologies Engineering Piotroski F-Score Chart

Singapore Technologies Engineering 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 7.00 5.00 5.00 6.00 5.00

Singapore Technologies Engineering Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 Premium Member Only Premium Member Only 5.00 0.00 6.00 0.00 5.00

SGGKY vs GE, RTX, BA: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Singapore Technologies Engineering'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.


Singapore Technologies Engineering Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Singapore Technologies Engineering's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Singapore Technologies Engineering's Piotroski F-Score falls into.


SGGKY
69GF Score
Singapore Technologies Engineering Ltd SGGKY
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 $359 Mil.
Cash Flow from Operations was $1,324 Mil.
Revenue was $9,566 Mil.
Gross Profit was $1,672 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (12012.218 + 12421.249) / 2 = $12216.7335 Mil.
Total Assets at the begining of this year (Dec24) was $12,012 Mil.
Long-Term Debt & Capital Lease Obligation was $2,476 Mil.
Total Current Assets was $6,271 Mil.
Total Current Liabilities was $5,800 Mil.
Net Income was $520 Mil.

Revenue was $8,350 Mil.
Gross Profit was $1,610 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (11544.855 + 12012.218) / 2 = $11778.5365 Mil.
Total Assets at the begining of last year (Dec23) was $11,545 Mil.
Long-Term Debt & Capital Lease Obligation was $2,130 Mil.
Total Current Assets was $5,423 Mil.
Total Current Liabilities was $6,101 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.

Singapore Technologies Engineering's current Net Income (TTM) was 359. ==> 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.

Singapore Technologies Engineering's current Cash Flow from Operations (TTM) was 1,324. ==> Positive ==> Score 1.

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)
=358.542/12012.218
=0.02984811

ROA (Last Year)=Net Income/Total Assets (Dec23)
=520.036/11544.855
=0.04504483

Singapore Technologies Engineering's return on assets of this year was 0.02984811. Singapore Technologies Engineering's return on assets of last year was 0.04504483. ==> 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.

Singapore Technologies Engineering's current Net Income (TTM) was 359. Singapore Technologies Engineering's current Cash Flow from Operations (TTM) was 1,324. ==> 1,324 > 359 ==> 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
=2476.352/12216.7335
=0.20270165

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2130.059/11778.5365
=0.18084242

Singapore Technologies Engineering's gearing of this year was 0.20270165. Singapore Technologies Engineering's gearing of last year was 0.18084242. ==> 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
=6270.631/5800.359
=1.08107636

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5423.32/6100.857
=0.88894396

Singapore Technologies Engineering's current ratio of this year was 1.08107636. Singapore Technologies Engineering's current ratio of last year was 0.88894396. ==> This year's current ratio is higher. ==> Score 1.

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.

Singapore Technologies Engineering's number of shares in issue this year was 314.502. Singapore Technologies Engineering's number of shares in issue last year was 314.191. ==> 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
=1672.35/9565.682
=0.1748281

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1610.097/8349.866
=0.19282908

Singapore Technologies Engineering's gross margin of this year was 0.1748281. Singapore Technologies Engineering's gross margin of last year was 0.19282908. ==> 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)
=9565.682/12012.218
=0.79632937

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=8349.866/11544.855
=0.7232543

Singapore Technologies Engineering's asset turnover of this year was 0.79632937. Singapore Technologies Engineering's asset turnover of last year was 0.7232543. ==> 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+1+0+1+0+1+0+0+1
=5

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

Singapore Technologies Engineering 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?
Singapore Technologies Engineering (SGGKY) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Singapore Technologies Engineering and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Singapore Technologies Engineering's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Singapore Technologies Engineering ranks #148 out of 319 companies in the Aerospace & Defense industry, placing it in the top 46.4%.
Is Singapore Technologies Engineering's Piotroski F-Score too high?
Singapore Technologies Engineering's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Singapore Technologies Engineering's value of 5 is 0% at this industry median. Based on the distribution chart, Singapore Technologies Engineering ranks #148 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Singapore Technologies Engineering has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Technologies Engineering's Piotroski F-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Singapore Technologies Engineering ranks #148 out of 319 companies for Piotroski F-Score. This puts Singapore Technologies Engineering in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Singapore Technologies Engineering's value of 5 is 0% at this benchmark. Historically, Singapore Technologies Engineering's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Singapore Technologies Engineering 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Singapore Technologies Engineering'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 Singapore Technologies Engineering and its competitors. For the Aerospace & Defense 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. Singapore Technologies Engineering's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Technologies Engineering stock overvalued right now?
Based on GuruFocus' analysis, Singapore Technologies Engineering (SGGKY) is currently considered Significantly Overvalued. The stock's GF Value™ is $42.53, compared to a current price of $85.00 — trading 99.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Aerospace & Defense industry median of 5.00. Singapore Technologies Engineering's overall GF Score™ is 69/100 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 Singapore Technologies Engineering (SGGKY), the current Piotroski F-Score is 5 as of Jun. 26, 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 Singapore Technologies Engineering (SGGKY) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Technologies Engineering stock appears to be overvalued. The current stock price of $85.00 is trading 99.9% above its estimated GF Value™ of $42.53. GuruFocus considers Singapore Technologies Engineering to be Significantly Overvalued.

Key valuation signals for SGGKY:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $42.53 vs. price of $85.00 (99.9% above fair value)
  • GF Score™: 69/100 with 11 warning signs
  • Industry Position: 0% at the Aerospace & Defense median (#148 of 319)

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


Singapore Technologies Engineering Business Description

Address 1 Ang Mo Kio Electronics Park Road, No. 07-01, No. 07-01, ST Engineering Hub, Singapore, SGP, 567710
ST Engineering is a Singaporean government-linked commercial and defense engineering group. Its key businesses include aircraft maintenance, repair and overhaul services, in which it is the world's largest independent third-party provider. The company's fastest-growing activities involve applications to defense and smart city solutions where it provides tolling solutions, traffic control systems, command and control dashboards, cybersecurity tools, and other related components. Around two thirds of the company's revenue comes from commercial clients while the remainder is defense.
69GF Score

Get the complete analysis for SGGKY

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

$85.00
Price
$42.53
GF Value