Huationg Global (SGX:41B) Piotroski F-Score: 7 (As of Jul. 31, 2026) — Near Median

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SGX:41B Huationg Global Ltd SGX:41B
69 GF Score
Price S$0.73
GF Value S$0.29
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Huationg Global Piotroski F-Score?

Huationg Global SGX:41B -2.68% 69 Piotroski F-Score is 7 as of Jul. 31, 2026, which is at its 10-year median of 7.00. GuruFocus rates SGX:41B with a GF Score™ of 69/100 and a GF Value™ of S$0.29 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,727 Construction companies, Huationg Global ranks better than 89.11% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Huationg Global has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

SGX:41B' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Huationg Global was 8. The lowest was 4. And the median was 7.

Huationg Global  (SGX:41B) 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.


Huationg Global Piotroski F-Score Related Terms


Huationg Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Huationg Global'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.

Huationg Global Piotroski F-Score Chart

Huationg Global 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 8.00 8.00 7.00 6.00 7.00

Huationg Global 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 7.00 0.00 6.00 0.00 7.00

SGX:41B vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Huationg Global'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.


Huationg Global Piotroski F-Score vs Construction Industry

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

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


SGX:41B
69GF Score
Huationg Global Ltd SGX:41B
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was S$19.1 Mil.
Cash Flow from Operations was S$34.6 Mil.
Revenue was S$298.8 Mil.
Gross Profit was S$49.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (340.344 + 361.901) / 2 = S$351.1225 Mil.
Total Assets at the begining of this year (Dec24) was S$340.3 Mil.
Long-Term Debt & Capital Lease Obligation was S$28.2 Mil.
Total Current Assets was S$242.3 Mil.
Total Current Liabilities was S$197.8 Mil.
Net Income was S$16.4 Mil.

Revenue was S$226.4 Mil.
Gross Profit was S$41.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (282.072 + 340.344) / 2 = S$311.208 Mil.
Total Assets at the begining of last year (Dec23) was S$282.1 Mil.
Long-Term Debt & Capital Lease Obligation was S$31.9 Mil.
Total Current Assets was S$223.7 Mil.
Total Current Liabilities was S$193.3 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.

Huationg Global's current Net Income (TTM) was 19.1. ==> 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.

Huationg Global's current Cash Flow from Operations (TTM) was 34.6. ==> 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)
=19.141/340.344
=0.05624016

ROA (Last Year)=Net Income/Total Assets (Dec23)
=16.356/282.072
=0.0579852

Huationg Global's return on assets of this year was 0.05624016. Huationg Global's return on assets of last year was 0.0579852. ==> 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.

Huationg Global's current Net Income (TTM) was 19.1. Huationg Global's current Cash Flow from Operations (TTM) was 34.6. ==> 34.6 > 19.1 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=28.241/351.1225
=0.08043062

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=31.866/311.208
=0.10239454

Huationg Global's gearing of this year was 0.08043062. Huationg Global's gearing of last year was 0.10239454. ==> 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
=242.326/197.841
=1.22485228

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=223.658/193.309
=1.15699735

Huationg Global's current ratio of this year was 1.22485228. Huationg Global's current ratio of last year was 1.15699735. ==> 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.

Huationg Global's number of shares in issue this year was 177.24. Huationg Global's number of shares in issue last year was 177.24. ==> 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
=49.405/298.843
=0.16532092

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=41.162/226.365
=0.18183907

Huationg Global's gross margin of this year was 0.16532092. Huationg Global's gross margin of last year was 0.18183907. ==> 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)
=298.843/340.344
=0.87806161

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=226.365/282.072
=0.80250787

Huationg Global's asset turnover of this year was 0.87806161. Huationg Global's asset turnover of last year was 0.80250787. ==> 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+0+1+1+1+1+0+1
=7

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

Huationg Global has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Huationg Global (SGX:41B) has a Piotroski F-Score of 7 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Huationg Global and its competitors. This is near median its historical median of 7.00. Over the past decade, Huationg Global's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Huationg Global ranks #188 out of 1727 companies in the Construction industry, placing it in the top 10.9%.
Is Huationg Global's Piotroski F-Score too high?
Huationg Global's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Huationg Global's value of 7 is 40% above this industry median. Based on the distribution chart, Huationg Global ranks #188 out of 1727 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Huationg Global has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huationg Global's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Huationg Global ranks #188 out of 1727 companies for Piotroski F-Score. This places Huationg Global in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Huationg Global's value of 7 is 40% above this benchmark. Historically, Huationg Global's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Huationg Global 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 1,727 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. Huationg Global's current Piotroski F-Score of 7 is 40% 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 Huationg Global 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. Huationg Global's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huationg Global stock overvalued right now?
Based on GuruFocus' analysis, Huationg Global (SGX:41B) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.29, compared to a current price of S$0.73 — trading 150% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. Huationg Global's overall GF Score™ is 69/100 with 3 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 Huationg Global (SGX:41B), the current Piotroski F-Score is 7 as of Jul. 31, 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 Huationg Global (SGX:41B) Overvalued in 2026?

Based on GuruFocus' analysis, Huationg Global stock appears to be overvalued. The current stock price of S$0.73 is trading 150% above its estimated GF Value™ of S$0.29. GuruFocus considers Huationg Global to be Significantly Overvalued.

Key valuation signals for SGX:41B:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: S$0.29 vs. price of S$0.73 (150% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 40% above the Construction median (#188 of 1727)

No single metric tells the full story. See the SGX:41B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huationg Global Business Description

Address 9 Benoi Crescent, Singapore, SGP, 629972
Huationg Global Ltd is a Singapore-based company. The company's operating segments include: Civil engineering contract works; Inland logistics support; Sales of construction materials; and Dormitory operation. The majority of revenue is from Civil engineering contract works, includes construction projects on earthworks, infrastructure works, external works, demolition and excavation works, drainage works, and road diversion. The Group also operates and manages entire stockpile sites.
69GF Score

Get the complete analysis for SGX:41B

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

S$0.73
Price
S$0.29
GF Value