Tung Lok Restaurants(2000)SGX:540 Piotroski F-Score is 6 as of Jul. 03, 2026, which is 20% above its 10-year median of 5.00. The stock has 2 warning signs investors should review. Among 354 Restaurants companies, Tung Lok Restaurants(2000) ranks better than 73.45% 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
Tung Lok Restaurants(2000) 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 Tung Lok Restaurants(2000)'s Piotroski F-Score or its related term are showing as below:
SGX:540'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tung Lok Restaurants(2000) was 8. The lowest was 4. And the median was 5.
Tung Lok Restaurants(2000) (SGX:540) 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.
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.
Tung Lok Restaurants(2000) Piotroski F-Score Related Terms
Tung Lok Restaurants(2000) Piotroski F-Score Historical Data
* 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.
Tung Lok Restaurants(2000) Piotroski F-Score Chart
SGX:540 vs MCD, SBUX, YUM: Piotroski F-Score Comparison
For the Restaurants subindustry, Tung Lok Restaurants(2000)'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.
Tung Lok Restaurants(2000) Piotroski F-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Tung Lok Restaurants(2000)'s Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tung Lok Restaurants(2000)'s Piotroski F-Score falls into.
* 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.
*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.
Tung Lok Restaurants(2000)'s current Net Income (TTM) was -1.67.
==> 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.
Tung Lok Restaurants(2000)'s current Cash Flow from Operations (TTM) was 7.77.
==> 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.
Tung Lok Restaurants(2000)'s return on assets of this year was -0.03155165. Tung Lok Restaurants(2000)'s return on assets of last year was -0.03183958.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tung Lok Restaurants(2000)'s gearing of this year was 0.33448633. Tung Lok Restaurants(2000)'s gearing of last year was 0.35777229.
==> 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
Tung Lok Restaurants(2000)'s current ratio of this year was 1.06965577. Tung Lok Restaurants(2000)'s current ratio of last year was 1.10378226.
==> 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.
Tung Lok Restaurants(2000)'s number of shares in issue this year was 273.279. Tung Lok Restaurants(2000)'s number of shares in issue last year was 272.615.
==> 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.
Tung Lok Restaurants(2000)'s gross margin of this year was 0.72481755. Tung Lok Restaurants(2000)'s gross margin of last year was 0.71671416.
==> 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
Tung Lok Restaurants(2000)'s asset turnover of this year was 1.50677594. Tung Lok Restaurants(2000)'s asset turnover of last year was 1.47558127.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tung Lok Restaurants(2000) has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tung Lok Restaurants(2000) (SGX:540) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tung Lok Restaurants(2000) and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tung Lok Restaurants(2000)'s Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Tung Lok Restaurants(2000) ranks #94 out of 354 companies in the Restaurants industry, placing it in the top 26.6%.
Is Tung Lok Restaurants(2000)'s Piotroski F-Score too high?
Tung Lok Restaurants(2000)'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 4.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 5.00. Tung Lok Restaurants(2000)'s value of 6 is 20% above this industry median. Based on the distribution chart, Tung Lok Restaurants(2000) ranks #94 out of 354 companies in the Restaurants industry, which is above the industry midpoint.
How does Tung Lok Restaurants(2000)'s Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Tung Lok Restaurants(2000) ranks #94 out of 354 companies for Piotroski F-Score. This puts Tung Lok Restaurants(2000) in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tung Lok Restaurants(2000)'s value of 6 is 20% above this benchmark. Historically, Tung Lok Restaurants(2000)'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 5.00 vs. the industry median of 5.00, Tung Lok Restaurants(2000) 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 354 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. Tung Lok Restaurants(2000)'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 Tung Lok Restaurants(2000) and its competitors. For the Restaurants 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. Tung Lok Restaurants(2000)'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 Tung Lok Restaurants(2000) stock overvalued right now?
Based on GuruFocus' analysis, Tung Lok Restaurants(2000) (SGX:540) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.09, compared to a current price of S$0.05 — trading 40% 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 Restaurants 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 Tung Lok Restaurants(2000) (SGX:540), the current Piotroski F-Score is 6 as of Jul. 03, 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.
Tung Lok Restaurants(2000) Ltd operates restaurant chains. In addition, the company also provides outdoor events catering services. Its restaurants include LingZhi Vegetarian, Dancing Crab, TungLok Teahouse, Slappy Cakes, My Humble House, and TungLok Signatures. The company generates the majority of its revenue from Singapore. It operates in the business segments namely; Restaurant, Catering, Manufacturing, and Other. The Restaurant segment generates the majority of revenue for the company.
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