Far East Group (SGX:5TJ) Piotroski F-Score: 7 (As of Sep. 21, 2026) — 17% Above Median

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SGX:5TJ Far East Group Ltd SGX:5TJ
44 GF Score
Price S$0.12
GF Value S$0.08
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Far East Group Piotroski F-Score?

Far East Group SGX:5TJ 44 Piotroski F-Score is 7 as of Sep. 21, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SGX:5TJ with a GF Score™ of 44/100 and a GF Value™ of S$0.08 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 3,013 Industrial Products companies, Far East Group ranks better than 90.64% 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

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

SGX:5TJ' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Far East Group was 9. The lowest was 3. And the median was 6.

Far East Group  (SGX:5TJ) 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.


Far East Group Piotroski F-Score Related Terms


Far East Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Far East 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.

Far East Group Piotroski F-Score Chart

Far East 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 7.00 7.00 4.00 9.00 7.00

Far East Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 4.00 9.00 9.00 7.00 9.00

SGX:5TJ vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Far East 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.


Far East Group Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Far East Group's Piotroski F-Score distribution charts can be found below:

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


SGX:5TJ
44GF Score
Far East Group Ltd SGX:5TJ
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$1.37 Mil.
Cash Flow from Operations was S$20.49 Mil.
Revenue was S$89.20 Mil.
Gross Profit was S$18.82 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (120.571 + 117.581) / 2 = S$119.076 Mil.
Total Assets at the begining of this year (Dec24) was S$120.57 Mil.
Long-Term Debt & Capital Lease Obligation was S$22.37 Mil.
Total Current Assets was S$56.24 Mil.
Total Current Liabilities was S$42.33 Mil.
Net Income was S$1.67 Mil.

Revenue was S$98.74 Mil.
Gross Profit was S$18.61 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (113.023 + 120.571) / 2 = S$116.797 Mil.
Total Assets at the begining of last year (Dec23) was S$113.02 Mil.
Long-Term Debt & Capital Lease Obligation was S$24.45 Mil.
Total Current Assets was S$60.45 Mil.
Total Current Liabilities was S$48.47 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.

Far East Group's current Net Income (TTM) was 1.37. ==> 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.

Far East Group's current Cash Flow from Operations (TTM) was 20.49. ==> 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)
=1.366/120.571
=0.01132942

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1.665/113.023
=0.01473151

Far East Group's return on assets of this year was 0.01132942. Far East Group's return on assets of last year was 0.01473151. ==> 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.

Far East Group's current Net Income (TTM) was 1.37. Far East Group's current Cash Flow from Operations (TTM) was 20.49. ==> 20.49 > 1.37 ==> 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
=22.371/119.076
=0.18787161

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=24.449/116.797
=0.20932901

Far East Group's gearing of this year was 0.18787161. Far East Group's gearing of last year was 0.20932901. ==> 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
=56.24/42.33
=1.32860855

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=60.445/48.468
=1.2471115

Far East Group's current ratio of this year was 1.32860855. Far East Group's current ratio of last year was 1.2471115. ==> 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.

Far East Group's number of shares in issue this year was 0. Far East Group's number of shares in issue last year was 0. ==> 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
=18.821/89.197
=0.21100485

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=18.607/98.743
=0.18843867

Far East Group's gross margin of this year was 0.21100485. Far East Group's gross margin of last year was 0.18843867. ==> 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)
=89.197/120.571
=0.73978817

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=98.743/113.023
=0.87365404

Far East Group's asset turnover of this year was 0.73978817. Far East Group's asset turnover of last year was 0.87365404. ==> 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+0+1+1+1+1+1+0
=7

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

Far East Group 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?
Far East Group (SGX:5TJ) has a Piotroski F-Score of 7 as of Sep. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Far East Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Far East Group's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Far East Group ranks #282 out of 3013 companies in the Industrial Products industry, placing it in the top 9.4%.
Is Far East Group's Piotroski F-Score too high?
Far East Group's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Far East Group's value of 7 is 40% above this industry median. Based on the distribution chart, Far East Group ranks #282 out of 3013 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Far East Group has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Far East Group's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Far East Group ranks #282 out of 3013 companies for Piotroski F-Score. This places Far East Group in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Far East Group's value of 7 is 40% above this benchmark. Historically, Far East Group's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Far East 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 3,013 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. Far East Group'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 Far East Group and its competitors. For the Industrial Products 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. Far East Group's current Piotroski F-Score is 7, which is 17% above 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 Far East Group stock overvalued right now?
Based on GuruFocus' analysis, Far East Group (SGX:5TJ) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.08, compared to a current price of S$0.12 — trading 51.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Industrial Products industry median of 5.00. Far East Group's overall GF Score™ is 44/100 with 9 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 Far East Group (SGX:5TJ), the current Piotroski F-Score is 7 as of Sep. 21, 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 Far East Group (SGX:5TJ) Overvalued in 2026?

Based on GuruFocus' analysis, Far East Group stock appears to be overvalued. The current stock price of S$0.12 is trading 51.3% above its estimated GF Value™ of S$0.08. GuruFocus considers Far East Group to be Significantly Overvalued.

Key valuation signals for SGX:5TJ:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: S$0.08 vs. price of S$0.12 (51.3% above fair value)
  • GF Score™: 44/100 with 9 warning signs
  • Industry Position: 40% above the Industrial Products median (#282 of 3013)

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


Far East Group Business Description

Address 51 Ubi Avenue 3, Singapore, SGP, 408858
Far East Group Ltd is engaged in the manufacturing and trading of refrigeration parts, servicing of cold rooms, and the construction and installation of commercial and industrial cold rooms, along with other related refrigeration activities. Its segments are: the Wholesale and Distribution segment, which generates the majority of revenue and involves the sale of manufactured products, multinational agency products, and other distributed items; the Manufacturing segment, which focuses on the production and sale of energy-efficient heat exchangers, compressor racks, and condensing units; and the Engineering Solutions segment, which provides system design and installation of sustainable engineering solutions for industries. It derives the majority of its revenue from Singapore.
44GF Score

Get the complete analysis for SGX:5TJ

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

S$0.12
Price
S$0.08
GF Value