Sanli Environmental (SGX:1E3) Piotroski F-Score: 4 (As of Sep. 01, 2026) — 20% Below Median

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SGX:1E3 Sanli Environmental Ltd SGX:1E3
62 GF Score
Price S$0.13
GF Value S$0.13
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Sanli Environmental Piotroski F-Score?

Sanli Environmental SGX:1E3 +3.31% 62 Piotroski F-Score is 4 as of Sep. 01, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SGX:1E3 with a GF Score™ of 62/100 and a GF Value™ of S$0.13 (Fairly Valued). The stock has 7 warning signs investors should review. Among 240 Waste Management companies, Sanli Environmental ranks worse than 60% 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

Sanli Environmental has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

SGX:1E3' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

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

Sanli Environmental  (SGX:1E3) 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.


Sanli Environmental Piotroski F-Score Related Terms


Sanli Environmental Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanli Environmental'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.

Sanli Environmental Piotroski F-Score Chart

Sanli Environmental 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 6.00 7.00 2.00 3.00 4.00

Sanli Environmental 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 2.00 0.00 3.00 0.00 4.00

SGX:1E3 vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, Sanli Environmental'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.


Sanli Environmental Piotroski F-Score vs Waste Management Industry

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

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


SGX:1E3
62GF Score
Sanli Environmental Ltd SGX:1E3
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 S$2.2 Mil.
Cash Flow from Operations was S$-10.2 Mil.
Revenue was S$139.6 Mil.
Gross Profit was S$15.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (125.774 + 154.37) / 2 = S$140.072 Mil.
Total Assets at the begining of this year (Mar25) was S$125.8 Mil.
Long-Term Debt & Capital Lease Obligation was S$14.6 Mil.
Total Current Assets was S$115.7 Mil.
Total Current Liabilities was S$73.8 Mil.
Net Income was S$1.5 Mil.

Revenue was S$157.6 Mil.
Gross Profit was S$14.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (117.682 + 125.774) / 2 = S$121.728 Mil.
Total Assets at the begining of last year (Mar24) was S$117.7 Mil.
Long-Term Debt & Capital Lease Obligation was S$9.9 Mil.
Total Current Assets was S$104.7 Mil.
Total Current Liabilities was S$82.2 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.

Sanli Environmental's current Net Income (TTM) was 2.2. ==> 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.

Sanli Environmental's current Cash Flow from Operations (TTM) was -10.2. ==> 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)
=2.153/125.774
=0.01711801

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.541/117.682
=0.01309461

Sanli Environmental's return on assets of this year was 0.01711801. Sanli Environmental's return on assets of last year was 0.01309461. ==> 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.

Sanli Environmental's current Net Income (TTM) was 2.2. Sanli Environmental's current Cash Flow from Operations (TTM) was -10.2. ==> -10.2 <= 2.2 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=14.572/140.072
=0.10403221

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9.879/121.728
=0.08115635

Sanli Environmental's gearing of this year was 0.10403221. Sanli Environmental's gearing of last year was 0.08115635. ==> 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
=115.726/73.819
=1.56769937

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=104.7/82.206
=1.27362966

Sanli Environmental's current ratio of this year was 1.56769937. Sanli Environmental's current ratio of last year was 1.27362966. ==> 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.

Sanli Environmental's number of shares in issue this year was 304.99. Sanli Environmental's number of shares in issue last year was 266.841. ==> 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
=15.466/139.642
=0.11075464

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.701/157.572
=0.09329703

Sanli Environmental's gross margin of this year was 0.11075464. Sanli Environmental's gross margin of last year was 0.09329703. ==> This year's gross margin is higher. ==> Score 1.

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)
=139.642/125.774
=1.11026126

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=157.572/117.682
=1.33896433

Sanli Environmental's asset turnover of this year was 1.11026126. Sanli Environmental's asset turnover of last year was 1.33896433. ==> 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
=1+0+1+0+0+1+0+1+0
=4

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

Sanli Environmental has an F-score of 4 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 4 mean?
Sanli Environmental (SGX:1E3) has a Piotroski F-Score of 4 as of Sep. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanli Environmental and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Sanli Environmental's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Sanli Environmental ranks #144 out of 240 companies in the Waste Management industry, placing it in the top 60%.
Is Sanli Environmental's Piotroski F-Score too high?
Sanli Environmental's current Piotroski F-Score of 4 is 20% below 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 Waste Management industry median Piotroski F-Score is 5.00. Sanli Environmental's value of 4 is 20% below this industry median. Based on the distribution chart, Sanli Environmental ranks #144 out of 240 companies in the Waste Management industry, which is below the industry midpoint. Overall, Sanli Environmental has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanli Environmental's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Sanli Environmental ranks #144 out of 240 companies for Piotroski F-Score. This places Sanli Environmental in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sanli Environmental's value of 4 is 20% below this benchmark. Historically, Sanli Environmental'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, Sanli Environmental 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. Sanli Environmental's current Piotroski F-Score of 4 is 20% 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 Sanli Environmental 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. Sanli Environmental's current Piotroski F-Score is 4, which is 20% below 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 Sanli Environmental stock overvalued right now?
Based on GuruFocus' analysis, Sanli Environmental (SGX:1E3) is currently considered Fairly Valued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.13 — trading 3.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Waste Management industry median of 5.00. Sanli Environmental's overall GF Score™ is 62/100 with 7 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 Sanli Environmental (SGX:1E3), the current Piotroski F-Score is 4 as of Sep. 01, 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 Sanli Environmental (SGX:1E3) Overvalued in 2026?

Based on GuruFocus' analysis, Sanli Environmental stock appears to be undervalued. The current stock price of S$0.13 is trading 3.8% below its estimated GF Value™ of S$0.13. GuruFocus considers Sanli Environmental to be Fairly Valued.

Key valuation signals for SGX:1E3:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: S$0.13 vs. price of S$0.13 (3.8% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 20% below the Waste Management median (#144 of 240)

No single metric tells the full story. See the SGX:1E3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanli Environmental Business Description

Address 22 Chin Bee Drive, Singapore, SGP, 619870
Sanli Environmental Ltd is an investment holding and provision of management services. The company's operating segment includes Engineering, Procurement, and Construction (EPC), and Operations and Maintenance (O&M). It generates maximum revenue from the EPC segment. The EPC segment is engaged in the provision of engineering, procurement, and construction services relating to water and waste management. Its services include process upgrading of existing water treatment plants, upgrading of pumping station capacities, replacement of aged mechanical and electrical equipment, and design and building of various treatment process systems. Geographically, it derives revenue from Singapore with operations in Myanmar and Malaysia.
62GF Score

Get the complete analysis for SGX:1E3

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

S$0.13
Price
S$0.13
GF Value