shopper360 (SGX:1F0) Piotroski F-Score: 4 (As of Jul. 10, 2026) — 20% Below Median


What is shopper360 Piotroski F-Score?

shopper360 SGX:1F0 Piotroski F-Score is 4 as of Jul. 10, 2026, which is 20% below its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,005 Media - Diversified companies, shopper360 ranks worse than 59.4% 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

shopper360 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 shopper360's Piotroski F-Score or its related term are showing as below:

SGX:1F0' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 12 years, the highest Piotroski F-Score of shopper360 was 8. The lowest was 3. And the median was 5.

shopper360  (SGX:1F0) 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.


shopper360 Piotroski F-Score Related Terms


shopper360 Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for shopper360'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.

shopper360 Piotroski F-Score Chart

shopper360 Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 5.00 6.00 4.00

shopper360 Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.00 6.00 0.00 4.00 0.00

SGX:1F0 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, shopper360'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.


shopper360 Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, shopper360's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where shopper360'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 (May25) TTM:Last Year (May24) TTM:
Net Income was S$-4.08 Mil.
Cash Flow from Operations was S$-2.49 Mil.
Revenue was S$55.92 Mil.
Gross Profit was S$8.91 Mil.
Average Total Assets from the begining of this year (May24)
to the end of this year (May25) was (27.473 + 26.078) / 2 = S$26.7755 Mil.
Total Assets at the begining of this year (May24) was S$27.47 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.12 Mil.
Total Current Assets was S$19.22 Mil.
Total Current Liabilities was S$6.31 Mil.
Net Income was S$0.79 Mil.

Revenue was S$51.76 Mil.
Gross Profit was S$10.83 Mil.
Average Total Assets from the begining of last year (May23)
to the end of last year (May24) was (29.666 + 27.473) / 2 = S$28.5695 Mil.
Total Assets at the begining of last year (May23) was S$29.67 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.20 Mil.
Total Current Assets was S$18.89 Mil.
Total Current Liabilities was S$5.83 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.

shopper360's current Net Income (TTM) was -4.08. ==> 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.

shopper360's current Cash Flow from Operations (TTM) was -2.49. ==> 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 (May24)
=-4.084/27.473
=-0.14865504

ROA (Last Year)=Net Income/Total Assets (May23)
=0.792/29.666
=0.02669723

shopper360's return on assets of this year was -0.14865504. shopper360's return on assets of last year was 0.02669723. ==> 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.

shopper360's current Net Income (TTM) was -4.08. shopper360's current Cash Flow from Operations (TTM) was -2.49. ==> -2.49 > -4.08 ==> 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: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0.119/26.7755
=0.00444436

Gearing (Last Year: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=0.202/28.5695
=0.00707048

shopper360's gearing of this year was 0.00444436. shopper360's gearing of last year was 0.00707048. ==> 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: May25)=Total Current Assets/Total Current Liabilities
=19.218/6.31
=3.04564184

Current Ratio (Last Year: May24)=Total Current Assets/Total Current Liabilities
=18.893/5.832
=3.23954047

shopper360's current ratio of this year was 3.04564184. shopper360's current ratio of last year was 3.23954047. ==> 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.

shopper360's number of shares in issue this year was 108.804. shopper360's number of shares in issue last year was 108.804. ==> 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
=8.909/55.92
=0.15931688

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.832/51.758
=0.20928166

shopper360's gross margin of this year was 0.15931688. shopper360's gross margin of last year was 0.20928166. ==> 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 (May24)
=55.92/27.473
=2.03545299

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May23)
=51.758/29.666
=1.74469089

shopper360's asset turnover of this year was 2.03545299. shopper360's asset turnover of last year was 1.74469089. ==> 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+1+0+1+0+1
=4

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

shopper360 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?
shopper360 (SGX:1F0) has a Piotroski F-Score of 4 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on shopper360 and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, shopper360's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, shopper360 ranks #597 out of 1005 companies in the Media - Diversified industry, placing it in the top 59.4%.
Is shopper360's Piotroski F-Score too high?
shopper360'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 3.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. shopper360's value of 4 is 20% below this industry median. Based on the distribution chart, shopper360 ranks #597 out of 1005 companies in the Media - Diversified industry, which is below the industry midpoint.
How does shopper360's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, shopper360 ranks #597 out of 1005 companies for Piotroski F-Score. This places shopper360 in the lower half of its industry. The industry median Piotroski F-Score is 5.00. shopper360's value of 4 is 20% below this benchmark. Historically, shopper360's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, shopper360 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 1,005 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. shopper360'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 shopper360 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. shopper360'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 shopper360 stock overvalued right now?
Based on GuruFocus' analysis, shopper360 (SGX:1F0) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.09, compared to a current price of S$0.06 — trading 30% 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 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 shopper360 (SGX:1F0), the current Piotroski F-Score is 4 as of Jul. 10, 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.

shopper360 Business Description

Address 15 Jalan 16/11, Block A, 505, 5th Floor, Phileo Damansara 2, Petaling Jaya, SGR, MYS, 46350
shopper360 Ltd is a provider of shopper marketing services in the retail and consumer goods industry in Malaysia. It offers various marketing and advertising services across in-store experience to loyalty, retention, and repeat purchase. The group offers digital and non-digital in-store advertising mediums in retail chains, creative campaign development and mobile marketing services, events management, marketing programmes, marketing intelligence and analysis, and consumer relationship management services, among others. Its reportable segments are: Advertising and Marketing, Sales Execution and Distribution, and Others. Maximum revenue is generated from the Sales execution and distribution segment, which provides merchandiser, sales force and supervisory, and talent management services.