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Global TestingSGX:AYN 78 Piotroski F-Score is 6 as of Aug. 03, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 981 Semiconductors companies, Global Testing ranks better than 80.43% 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
Global Testing 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 Global Testing's Piotroski F-Score or its related term are showing as below:
SGX:AYN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Global Testing was 9. The lowest was 3. And the median was 7.
Global Testing (SGX:AYN) 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.
Global Testing Piotroski F-Score Related Terms
Global Testing Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Global Testing'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.
SGX:AYN vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Global Testing'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.
Global Testing's current Net Income (TTM) was 4.99.
==> 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.
Global Testing's return on assets of this year was 0.06279719. Global Testing's return on assets of last year was 0.09289179.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Global Testing's gearing of this year was 0.0003438. Global Testing's gearing of last year was 0.00081647.
==> 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
Global Testing's current ratio of this year was 2.67291422. Global Testing's current ratio of last year was 2.96913976.
==> 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.
Global Testing's number of shares in issue this year was 33.419. Global Testing's number of shares in issue last year was 34.401.
==> 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.
Global Testing's gross margin of this year was 0.22092324. Global Testing's gross margin of last year was 0.226899.
==> 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
Global Testing's asset turnover of this year was 0.75321408. Global Testing's asset turnover of last year was 0.74929506.
==> 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
Global Testing has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Global Testing (SGX:AYN) has a Piotroski F-Score of 6 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Global Testing and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Global Testing's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Global Testing ranks #192 out of 981 companies in the Semiconductors industry, placing it in the top 19.6%.
Is Global Testing's Piotroski F-Score too high?
Global Testing's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. Global Testing's value of 6 is 20% above this industry median. Based on the distribution chart, Global Testing ranks #192 out of 981 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #192 out of 981 companies for Piotroski F-Score. This places Global Testing in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Global Testing's value of 6 is 20% above this benchmark. Historically, Global Testing'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 7.00 vs. the industry median of 5.00, Global Testing 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 981 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. Global Testing'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 Global Testing and its competitors. For the Semiconductors 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. Global Testing's current Piotroski F-Score is 6, which is 14% below 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 Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Semiconductors industry median of 5.00. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current Piotroski F-Score is 6 as of Aug. 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.
Is Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
Industry Position: 20% above the Semiconductors median (#192 of 981)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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