SGLA (Sino Green Land) Piotroski F-Score: 3 (As of Aug. 29, 2026) — Near Median

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SGLA Sino Green Land Corp SGLA
22 GF Score
Price $9.10
GF Value $0.21
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sino Green Land Piotroski F-Score?

Sino Green Land SGLA +101.22% 22 Piotroski F-Score is 3 as of Aug. 29, 2026, which is at its 10-year median of 3.00. GuruFocus rates SGLA with a GF Score™ of 22/100 and a GF Value™ of $0.21 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 240 Waste Management companies, Sino Green Land ranks worse than 78.75% 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

Sino Green Land 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 Sino Green Land's Piotroski F-Score or its related term are showing as below:

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

During the past 10 years, the highest Piotroski F-Score of Sino Green Land was 4. The lowest was 3. And the median was 3.

Sino Green Land  (OTCPK:SGLA) 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.


Sino Green Land Piotroski F-Score Related Terms


Sino Green Land Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino Green Land'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.

Sino Green Land Piotroski F-Score Chart

Sino Green Land Annual Data
Trend May07 May08 Dec09 Dec10 Dec20 Dec21 Dec22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 4.00 3.00

Sino Green Land Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 N/A 3.00 N/A 3.00 3.00

SGLA vs PESI, ABAT, YDDL: Piotroski F-Score Comparison

For the Waste Management subindustry, Sino Green Land'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.


Sino Green Land Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Sino Green Land's Piotroski F-Score distribution charts can be found below:

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


SGLA
22GF Score
Sino Green Land Corp SGLA
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.632 + -0.186 + -0.227 + -0.306 = $-1.35 Mil.
Cash Flow from Operations was -0.408 + -0.065 + 0.882 + -0.753 = $-0.34 Mil.
Revenue was 0.567 + 0.446 + 0.278 + 0.335 = $1.63 Mil.
Gross Profit was -0.408 + -0.036 + -0.09 + -0.079 = $-0.61 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4.463 + 4.434 + 4.642 + 4.97 + 4.951) / 5 = $4.692 Mil.
Total Assets at the begining of this year (Mar25) was $4.46 Mil.
Long-Term Debt & Capital Lease Obligation was $2.91 Mil.
Total Current Assets was $0.72 Mil.
Total Current Liabilities was $4.91 Mil.
Net Income was 0.145 + -0.333 + -0.359 + -0.485 = $-1.03 Mil.

Revenue was 0.694 + 0.457 + 0.117 + 0.198 = $1.47 Mil.
Gross Profit was 0.37 + -0.2 + -0.26 + -0.385 = $-0.48 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4.583 + 4.921 + 5.525 + 4.715 + 4.463) / 5 = $4.8414 Mil.
Total Assets at the begining of last year (Mar24) was $4.58 Mil.
Long-Term Debt & Capital Lease Obligation was $2.02 Mil.
Total Current Assets was $0.40 Mil.
Total Current Liabilities was $4.15 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.

Sino Green Land's current Net Income (TTM) was -1.35. ==> 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.

Sino Green Land's current Cash Flow from Operations (TTM) was -0.34. ==> 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)
=-1.351/4.463
=-0.30271118

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.032/4.583
=-0.22518001

Sino Green Land's return on assets of this year was -0.30271118. Sino Green Land's return on assets of last year was -0.22518001. ==> 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.

Sino Green Land's current Net Income (TTM) was -1.35. Sino Green Land's current Cash Flow from Operations (TTM) was -0.34. ==> -0.34 > -1.35 ==> 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
=2.912/4.692
=0.62063086

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.023/4.8414
=0.41785434

Sino Green Land's gearing of this year was 0.62063086. Sino Green Land's gearing of last year was 0.41785434. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=0.722/4.912
=0.14698697

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.399/4.149
=0.09616775

Sino Green Land's current ratio of this year was 0.14698697. Sino Green Land's current ratio of last year was 0.09616775. ==> 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.

Sino Green Land's number of shares in issue this year was 162.093. Sino Green Land's number of shares in issue last year was 161.81. ==> 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
=-0.613/1.626
=-0.37699877

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.475/1.466
=-0.32401091

Sino Green Land's gross margin of this year was -0.37699877. Sino Green Land's gross margin of last year was -0.32401091. ==> 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)
=1.626/4.463
=0.36432893

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.466/4.583
=0.31987781

Sino Green Land's asset turnover of this year was 0.36432893. Sino Green Land's asset turnover of last year was 0.31987781. ==> 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+1+0+0+1
=3

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

Sino Green Land 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?
Sino Green Land (SGLA) has a Piotroski F-Score of 3 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino Green Land and its competitors. This is near median its historical median of 3.00. Over the past decade, Sino Green Land's Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, Sino Green Land ranks #189 out of 240 companies in the Waste Management industry, placing it in the top 78.7%.
Is Sino Green Land's Piotroski F-Score too high?
Sino Green Land's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 4.00. The Waste Management industry median Piotroski F-Score is 5.00. Sino Green Land's value of 3 is 40% below this industry median. Based on the distribution chart, Sino Green Land ranks #189 out of 240 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Sino Green Land has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Green Land's Piotroski F-Score compare to PESI and ABAT?
According to the Waste Management industry distribution chart, Sino Green Land ranks #189 out of 240 companies for Piotroski F-Score. This places Sino Green Land in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sino Green Land's value of 3 is 40% below this benchmark. Historically, Sino Green Land's own Piotroski F-Score has ranged from 3.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Sino Green Land 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 240 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. Sino Green Land'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 Sino Green Land and its competitors. For the Waste Management 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. Sino Green Land's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Green Land stock overvalued right now?
Based on GuruFocus' analysis, Sino Green Land (SGLA) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.21, compared to a current price of $9.10 — trading 4233.3% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Waste Management industry median of 5.00. Sino Green Land's overall GF Score™ is 22/100 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 Sino Green Land (SGLA), the current Piotroski F-Score is 3 as of Aug. 29, 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 Sino Green Land (SGLA) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Green Land stock appears to be overvalued. The current stock price of $9.10 is trading 4233.3% above its estimated GF Value™ of $0.21. GuruFocus considers Sino Green Land to be Significantly Overvalued.

Key valuation signals for SGLA:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: $0.21 vs. price of $9.10 (4233.3% above fair value)
  • GF Score™: 22/100 with 4 warning signs
  • Industry Position: 40% below the Waste Management median (#189 of 240)

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


Sino Green Land Business Description

Address No. 3 & 5, Jalan Hi Tech 7/7,, Kawasan Perindustrian Hi Tech 7, Semenyih, SGR, MYS, 43500
Sino Green Land Corporation is engaged in manufacturing and sales of recovered and recycled products in Malaysia. It conducts its business through its subsidiary Tian Li, which operates in Malaysia as an environmental technology company and recycler of plastic waste bottles and plastic packaging materials.
22GF Score

Get the complete analysis for SGLA

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

$9.10
Price
$0.21
GF Value