Sunpower Group (SGX:5GD) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


SGX:5GD Sunpower Group Ltd SGX:5GD
57 GF Score
Price S$0.50
GF Value S$0.25
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Sunpower Group Piotroski F-Score?

Sunpower Group SGX:5GD 57 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates SGX:5GD with a GF Score™ of 57/100 and a GF Value™ of S$0.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Sunpower Group ranks better than 81.06% 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

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

SGX:5GD' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Sunpower Group was 7. The lowest was 4. And the median was 6.

Sunpower Group  (SGX:5GD) 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.


Sunpower Group Piotroski F-Score Related Terms


Sunpower Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sunpower Group'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.

Sunpower Group Piotroski F-Score Chart

Sunpower Group 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 4.00 6.00 7.00 7.00 6.00

Sunpower Group 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 6.00 7.00 4.00 6.00

SGX:5GD vs CEG, VST, NRG: Piotroski F-Score Comparison

For the Utilities - Independent Power Producers subindustry, Sunpower Group'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.


Sunpower Group Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sunpower Group's Piotroski F-Score distribution charts can be found below:

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


SGX:5GD
57GF Score
Sunpower Group Ltd SGX:5GD
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$57.3 Mil.
Cash Flow from Operations was S$145.1 Mil.
Revenue was S$611.5 Mil.
Gross Profit was S$179.8 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1540.807 + 1452.34) / 2 = S$1496.5735 Mil.
Total Assets at the begining of this year (Dec24) was S$1,540.8 Mil.
Long-Term Debt & Capital Lease Obligation was S$403.9 Mil.
Total Current Assets was S$444.1 Mil.
Total Current Liabilities was S$469.7 Mil.
Net Income was S$22.2 Mil.

Revenue was S$650.1 Mil.
Gross Profit was S$165.6 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1423.31 + 1540.807) / 2 = S$1482.0585 Mil.
Total Assets at the begining of last year (Dec23) was S$1,423.3 Mil.
Long-Term Debt & Capital Lease Obligation was S$372.7 Mil.
Total Current Assets was S$503.4 Mil.
Total Current Liabilities was S$656.1 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.

Sunpower Group's current Net Income (TTM) was 57.3. ==> 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.

Sunpower Group's current Cash Flow from Operations (TTM) was 145.1. ==> 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)
=57.338/1540.807
=0.03721297

ROA (Last Year)=Net Income/Total Assets (Dec23)
=22.153/1423.31
=0.01556442

Sunpower Group's return on assets of this year was 0.03721297. Sunpower Group's return on assets of last year was 0.01556442. ==> 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.

Sunpower Group's current Net Income (TTM) was 57.3. Sunpower Group's current Cash Flow from Operations (TTM) was 145.1. ==> 145.1 > 57.3 ==> 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
=403.936/1496.5735
=0.26990722

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=372.698/1482.0585
=0.2514732

Sunpower Group's gearing of this year was 0.26990722. Sunpower Group's gearing of last year was 0.2514732. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=444.063/469.702
=0.94541433

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=503.35/656.103
=0.76718137

Sunpower Group's current ratio of this year was 0.94541433. Sunpower Group's current ratio of last year was 0.76718137. ==> 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.

Sunpower Group's number of shares in issue this year was 1090.775. Sunpower Group's number of shares in issue last year was 795.686. ==> 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
=179.826/611.458
=0.29409379

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=165.589/650.13
=0.25470137

Sunpower Group's gross margin of this year was 0.29409379. Sunpower Group's gross margin of last year was 0.25470137. ==> 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 (Dec24)
=611.458/1540.807
=0.39684269

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=650.13/1423.31
=0.4567733

Sunpower Group's asset turnover of this year was 0.39684269. Sunpower Group's asset turnover of last year was 0.4567733. ==> 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+1+1+1+0+1+0+1+0
=6

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

Sunpower Group 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?
Sunpower Group (SGX:5GD) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunpower Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Sunpower Group's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Sunpower Group ranks #79 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 18.9%.
Is Sunpower Group's Piotroski F-Score too high?
Sunpower Group's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Sunpower Group's value of 6 is 20% above this industry median. Based on the distribution chart, Sunpower Group ranks #79 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Sunpower Group has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunpower Group's Piotroski F-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Sunpower Group ranks #79 out of 417 companies for Piotroski F-Score. This places Sunpower Group in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sunpower Group's value of 6 is 20% above this benchmark. Historically, Sunpower Group's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sunpower Group 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Sunpower Group'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 Sunpower Group and its competitors. For the Utilities - Independent Power Producers 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. Sunpower Group's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunpower Group stock overvalued right now?
Based on GuruFocus' analysis, Sunpower Group (SGX:5GD) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.25, compared to a current price of S$0.50 — trading 98% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Utilities - Independent Power Producers industry median of 5.00. Sunpower Group's overall GF Score™ is 57/100 with 4 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 Sunpower Group (SGX:5GD), the current Piotroski F-Score is 6 as of Jun. 28, 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 Sunpower Group (SGX:5GD) Overvalued in 2026?

Based on GuruFocus' analysis, Sunpower Group stock appears to be overvalued. The current stock price of S$0.50 is trading 98% above its estimated GF Value™ of S$0.25. GuruFocus considers Sunpower Group to be Significantly Overvalued.

Key valuation signals for SGX:5GD:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: S$0.25 vs. price of S$0.50 (98% above fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 20% above the Utilities - Independent Power Producers median (#79 of 417)

No single metric tells the full story. See the SGX:5GD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunpower Group Business Description

Address No. 2111 Chengxin Avenue, High-tech Industrial Park, Jiangning District, Jiangsu, Nanjing, CHN, 211112
Sunpower Group Ltd is a provider of clean steam and industrial services. It operates 11 high-efficiency, centralized facilities that are strategically located across key industrial parks and economic clusters in the economically-developed regions of China such as Jiangsu, Guangdong, Shandong, and Anhui provinces, etc. GI projects supply clean industrial steam to over 500 customers across more than 20 industries that typically cater to the vast domestic market of China. In addition, certain projects such as Xinyuan Project, Xintai Project and Tongshan Project also provide pollution-free civil heating to a large base of households, covering over 6 million square meters. The company generates all of its revenue from PRC.
57GF Score

Get the complete analysis for SGX:5GD

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

S$0.50
Price
S$0.25
GF Value