mm2 Asia (SGX:1B0) Piotroski F-Score: 1 (As of Jul. 09, 2026) — 75% Below Median


What is mm2 Asia Piotroski F-Score?

mm2 Asia SGX:1B0 Piotroski F-Score is 1 as of Jul. 09, 2026, which is 75% below its 10-year median of 4.00. The stock has 5 warning signs investors should review.

Warning Sign:

Piotroski F-Score of 1 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

mm2 Asia has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for mm2 Asia's Piotroski F-Score or its related term are showing as below:

SGX:1B0' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 1

During the past 13 years, the highest Piotroski F-Score of mm2 Asia was 7. The lowest was 1. And the median was 4.

mm2 Asia  (SGX:1B0) 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.


mm2 Asia Piotroski F-Score Related Terms


mm2 Asia Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for mm2 Asia'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.

mm2 Asia Piotroski F-Score Chart

mm2 Asia Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 3.00 1.00

mm2 Asia Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 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 6.00 0.00 3.00 0.00 1.00

SGX:1B0 vs NFLX, DIS, WBD: Piotroski F-Score Comparison

For the Entertainment subindustry, mm2 Asia'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.


mm2 Asia Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, mm2 Asia's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where mm2 Asia's Piotroski F-Score falls into.


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 S$-206.25 Mil.
Cash Flow from Operations was S$-4.23 Mil.
Revenue was S$4.67 Mil.
Gross Profit was S$-133.81 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (354.628 + 114.747) / 2 = S$234.6875 Mil.
Total Assets at the begining of this year (Mar25) was S$354.63 Mil.
Long-Term Debt & Capital Lease Obligation was S$50.39 Mil.
Total Current Assets was S$78.14 Mil.
Total Current Liabilities was S$281.43 Mil.
Net Income was S$-105.23 Mil.

Revenue was S$112.54 Mil.
Gross Profit was S$21.73 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (454.078 + 354.628) / 2 = S$404.353 Mil.
Total Assets at the begining of last year (Mar24) was S$454.08 Mil.
Long-Term Debt & Capital Lease Obligation was S$16.54 Mil.
Total Current Assets was S$263.64 Mil.
Total Current Liabilities was S$309.97 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.

mm2 Asia's current Net Income (TTM) was -206.25. ==> 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.

mm2 Asia's current Cash Flow from Operations (TTM) was -4.23. ==> 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)
=-206.251/354.628
=-0.58159818

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-105.228/454.078
=-0.23173992

mm2 Asia's return on assets of this year was -0.58159818. mm2 Asia's return on assets of last year was -0.23173992. ==> 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.

mm2 Asia's current Net Income (TTM) was -206.25. mm2 Asia's current Cash Flow from Operations (TTM) was -4.23. ==> -4.23 > -206.25 ==> 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
=50.392/234.6875
=0.21471957

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=16.535/404.353
=0.04089249

mm2 Asia's gearing of this year was 0.21471957. mm2 Asia's gearing of last year was 0.04089249. ==> 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
=78.138/281.426
=0.27765025

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=263.641/309.972
=0.85053166

mm2 Asia's current ratio of this year was 0.27765025. mm2 Asia's current ratio of last year was 0.85053166. ==> 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.

mm2 Asia's number of shares in issue this year was 6871.362. mm2 Asia's number of shares in issue last year was 4912.132. ==> 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
=-133.814/4.67
=-28.65396146

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21.73/112.536
=0.19309377

mm2 Asia's gross margin of this year was -28.65396146. mm2 Asia's gross margin of last year was 0.19309377. ==> 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)
=4.67/354.628
=0.01316873

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=112.536/454.078
=0.24783407

mm2 Asia's asset turnover of this year was 0.01316873. mm2 Asia's asset turnover of last year was 0.24783407. ==> 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+0+0+0+0+0
=1

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

mm2 Asia has an F-score of 1. 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 1 mean?
mm2 Asia (SGX:1B0) has a Piotroski F-Score of 1 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on mm2 Asia and its competitors. This is 75% below median its historical median of 4.00. Over the past decade, mm2 Asia's Piotroski F-Score has ranged from 1.00 to 7.00.
Is mm2 Asia's Piotroski F-Score too high?
mm2 Asia's current Piotroski F-Score of 1 is 75% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. mm2 Asia's value of 1 is 80% below this industry median.
How does mm2 Asia's Piotroski F-Score compare to NFLX and DIS?
mm2 Asia's Piotroski F-Score of 1 can be compared against companies in the Media - Diversified industry. The industry median Piotroski F-Score is 5.00. mm2 Asia's value of 1 is 80% below this benchmark. Historically, mm2 Asia's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, mm2 Asia 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,004 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. mm2 Asia's current Piotroski F-Score of 1 is 80% 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 mm2 Asia and its competitors. For the Media - Diversified 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. mm2 Asia's current Piotroski F-Score is 1, which is 75% 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 mm2 Asia stock overvalued right now?
mm2 Asia (SGX:1B0) has a current Piotroski F-Score of 1. The stock's GF Value™ is S$0.03, compared to a current price of S$0.00 — trading 90% below its estimated fair value. The current Piotroski F-Score is 1, which is 75% below median its 10-year median of 4.00 and 80% below the Media - Diversified industry median of 5.00. 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 mm2 Asia (SGX:1B0), the current Piotroski F-Score is 1 as of Jul. 09, 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.

mm2 Asia Business Description

Address 1002 Jalan Bukit Merah, No. 07-11, Redhill Industrial Estate, Singapore, SGP, 159456
mm2 Asia Ltd Asia Ltd's core business lies in film, TV, and online content production, distribution, and sponsorship. across the content, entertainment, cinema, event, and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China, and the United States of America. The company's reportable segments include Core business, Digital content production, Cinema operations, Concerts and events, and others. The Cinema operations segment refers to sales of cinema tickets and concessions, hall rental, and screen advertising. The Core business segment refers to the group's production and distribution of motion pictures, video and television programs, and sponsorship. It generates maximum revenue from the Core segment. Geographically, it derives a majority of its revenue from Singapore.