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Asia Enterprises HoldingSGX:A55 -7.14%36 Piotroski F-Score is 6 as of Aug. 17, 2026, which is at its 10-year median of 6.00. GuruFocus rates SGX:A55 with a GF Score™ of 36/100 and a GF Value™ of S$0.06 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 622 Steel companies, Asia Enterprises Holding ranks better than 78.3% 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
Asia Enterprises Holding 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 Asia Enterprises Holding's Piotroski F-Score or its related term are showing as below:
SGX:A55'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Asia Enterprises Holding was 8. The lowest was 4. And the median was 6.
Asia Enterprises Holding (SGX:A55) 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.
Asia Enterprises Holding Piotroski F-Score Related Terms
Asia Enterprises Holding 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.
SGX:A55 vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Asia Enterprises Holding'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.
Asia Enterprises Holding Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Asia Enterprises Holding's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asia Enterprises Holding'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.
Asia Enterprises Holding's current Net Income (TTM) was 1.30.
==> 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.
Asia Enterprises Holding's current Cash Flow from Operations (TTM) was 8.67.
==> 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.
Asia Enterprises Holding's return on assets of this year was 0.01177219. Asia Enterprises Holding's return on assets of last year was 0.00319696.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asia Enterprises Holding's gearing of this year was 0.0704618. Asia Enterprises Holding's gearing of last year was 0.06709046.
==> 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
Asia Enterprises Holding's current ratio of this year was 43.01834862. Asia Enterprises Holding's current ratio of last year was 33.20232108.
==> 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.
Asia Enterprises Holding's number of shares in issue this year was 369.529. Asia Enterprises Holding's number of shares in issue last year was 341.129.
==> 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.
Asia Enterprises Holding's gross margin of this year was 0.16375559. Asia Enterprises Holding's gross margin of last year was 0.14541706.
==> 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
Asia Enterprises Holding's asset turnover of this year was 0.29665924. Asia Enterprises Holding's asset turnover of last year was 0.35294831.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asia Enterprises Holding has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Asia Enterprises Holding (SGX:A55) has a Piotroski F-Score of 6 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asia Enterprises Holding and its competitors. This is near median its historical median of 6.00. Over the past decade, Asia Enterprises Holding's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Asia Enterprises Holding ranks #135 out of 622 companies in the Steel industry, placing it in the top 21.7%.
Is Asia Enterprises Holding's Piotroski F-Score too high?
Asia Enterprises Holding'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 8.00. The Steel industry median Piotroski F-Score is 5.00. Asia Enterprises Holding's value of 6 is 20% above this industry median. Based on the distribution chart, Asia Enterprises Holding ranks #135 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Enterprises Holding has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Enterprises Holding's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Asia Enterprises Holding ranks #135 out of 622 companies for Piotroski F-Score. This places Asia Enterprises Holding in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Asia Enterprises Holding's value of 6 is 20% above this benchmark. Historically, Asia Enterprises Holding'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 6.00 vs. the industry median of 5.00, Asia Enterprises Holding 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 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. Asia Enterprises Holding'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 Asia Enterprises Holding and its competitors. For the Steel 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. Asia Enterprises Holding'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 Asia Enterprises Holding stock overvalued right now?
Based on GuruFocus' analysis, Asia Enterprises Holding (SGX:A55) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.06, compared to a current price of S$0.13 — trading 116.7% 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 Steel industry median of 5.00. Asia Enterprises Holding's overall GF Score™ is 36/100 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 Asia Enterprises Holding (SGX:A55), the current Piotroski F-Score is 6 as of Aug. 17, 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 Asia Enterprises Holding (SGX:A55) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Enterprises Holding stock appears to be overvalued.
The current stock price of S$0.13 is trading 116.7% above its estimated GF Value™ of S$0.06.
GuruFocus considers Asia Enterprises Holding to be Significantly Overvalued.
Key valuation signals for SGX:A55:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: S$0.06 vs. price of S$0.13 (116.7% above fair value)
Industry Position: 20% above the Steel median (#135 of 622)
No single metric tells the full story. See the SGX:A55 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Enterprises Holding Ltd is an investment holding firm. Along with its subsidiaries, it is engaged in the distribution of steel products to industrial end users. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale, and the corporate segment is engaged in investment and management activities. The majority of its revenue is earned from the Steel distribution segment. Geographically, it derives the majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.
36GF Score
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