Ocean Sky International (SGX:1B6) Piotroski F-Score: 6 (As of Aug. 08, 2026) — 20% Above Median

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What is Ocean Sky International Piotroski F-Score?

Ocean Sky International SGX:1B6 Piotroski F-Score is 6 as of Aug. 08, 2026, which is 20% above its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,735 Construction companies, Ocean Sky International ranks better than 74.52% 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

Ocean Sky International has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SGX:1B6' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Ocean Sky International was 7. The lowest was 2. And the median was 5.

Ocean Sky International  (SGX:1B6) 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.


Ocean Sky International Piotroski F-Score Related Terms


Ocean Sky International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ocean Sky International'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.

Ocean Sky International Piotroski F-Score Chart

Ocean Sky International 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 5.00 2.00 4.00 7.00 6.00

Ocean Sky International 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 4.00 0.00 7.00 0.00 6.00

SGX:1B6 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Ocean Sky International'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.


Ocean Sky International Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Ocean Sky International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ocean Sky International'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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was S$1.53 Mil.
Cash Flow from Operations was S$0.95 Mil.
Revenue was S$38.56 Mil.
Gross Profit was S$6.56 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (67.12 + 69.819) / 2 = S$68.4695 Mil.
Total Assets at the begining of this year (Dec24) was S$67.12 Mil.
Long-Term Debt & Capital Lease Obligation was S$5.96 Mil.
Total Current Assets was S$42.74 Mil.
Total Current Liabilities was S$21.54 Mil.
Net Income was S$-0.09 Mil.

Revenue was S$30.33 Mil.
Gross Profit was S$5.51 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (69.031 + 67.12) / 2 = S$68.0755 Mil.
Total Assets at the begining of last year (Dec23) was S$69.03 Mil.
Long-Term Debt & Capital Lease Obligation was S$15.20 Mil.
Total Current Assets was S$40.66 Mil.
Total Current Liabilities was S$10.80 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.

Ocean Sky International's current Net Income (TTM) was 1.53. ==> 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.

Ocean Sky International's current Cash Flow from Operations (TTM) was 0.95. ==> 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)
=1.529/67.12
=0.0227801

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.088/69.031
=-0.00127479

Ocean Sky International's return on assets of this year was 0.0227801. Ocean Sky International's return on assets of last year was -0.00127479. ==> This year is higher. ==> Score 1.

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.

Ocean Sky International's current Net Income (TTM) was 1.53. Ocean Sky International's current Cash Flow from Operations (TTM) was 0.95. ==> 0.95 <= 1.53 ==> CFROA <= ROA ==> Score 0.

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
=5.955/68.4695
=0.08697303

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=15.204/68.0755
=0.22334026

Ocean Sky International's gearing of this year was 0.08697303. Ocean Sky International's gearing of last year was 0.22334026. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=42.739/21.539
=1.98426111

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=40.66/10.8
=3.76481481

Ocean Sky International's current ratio of this year was 1.98426111. Ocean Sky International's current ratio of last year was 3.76481481. ==> 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.

Ocean Sky International's number of shares in issue this year was 430.57. Ocean Sky International's number of shares in issue last year was 430.61. ==> 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
=6.563/38.558
=0.17021111

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.513/30.327
=0.18178521

Ocean Sky International's gross margin of this year was 0.17021111. Ocean Sky International's gross margin of last year was 0.18178521. ==> 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)
=38.558/67.12
=0.57446365

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=30.327/69.031
=0.43932436

Ocean Sky International's asset turnover of this year was 0.57446365. Ocean Sky International's asset turnover of last year was 0.43932436. ==> 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+1+0+1+0+1+0+1
=6

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

Ocean Sky International has an F-score of 6 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 6 mean?
Ocean Sky International (SGX:1B6) has a Piotroski F-Score of 6 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ocean Sky International and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Ocean Sky International's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Ocean Sky International ranks #442 out of 1735 companies in the Construction industry, placing it in the top 25.5%.
Is Ocean Sky International's Piotroski F-Score too high?
Ocean Sky International's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Ocean Sky International's value of 6 is 20% above this industry median. Based on the distribution chart, Ocean Sky International ranks #442 out of 1735 companies in the Construction industry, which is above the industry midpoint.
How does Ocean Sky International's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Ocean Sky International ranks #442 out of 1735 companies for Piotroski F-Score. This puts Ocean Sky International in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ocean Sky International's value of 6 is 20% above this benchmark. Historically, Ocean Sky International's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ocean Sky International has consistently been above 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Ocean Sky International's current Piotroski F-Score of 6 is 20% above 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 Ocean Sky International and its competitors. For the Construction 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. Ocean Sky International's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Sky International stock overvalued right now?
Based on GuruFocus' analysis, Ocean Sky International (SGX:1B6) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.05, compared to a current price of S$0.04 — trading 30% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Construction 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 Ocean Sky International (SGX:1B6), the current Piotroski F-Score is 6 as of Aug. 08, 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.

Ocean Sky International Business Description

Other Exchanges O3S1:Germany
Address 29 Tuas South Street 1, Singapore, SGP, 638036
Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.