Tye Soon (SGX:BFU) Piotroski F-Score: 4 (As of Aug. 11, 2026) — 33% Below Median

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SGX:BFU Tye Soon Ltd SGX:BFU
41 GF Score
Price S$0.28
GF Value S$0.33
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Tye Soon Piotroski F-Score?

Tye Soon SGX:BFU 41 Piotroski F-Score is 4 as of Aug. 11, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates SGX:BFU with a GF Score™ of 41/100 and a GF Value™ of S$0.33 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 152 Industrial Distribution companies, Tye Soon ranks worse than 78.95% 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

Tye Soon has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Tye Soon's Piotroski F-Score or its related term are showing as below:

SGX:BFU' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Tye Soon was 8. The lowest was 3. And the median was 6.

Tye Soon  (SGX:BFU) 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.


Tye Soon Piotroski F-Score Related Terms


Tye Soon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tye Soon'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.

Tye Soon Piotroski F-Score Chart

Tye Soon 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 8.00 6.00 3.00 6.00 4.00

Tye Soon 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 3.00 0.00 6.00 0.00 4.00

SGX:BFU vs GWW, FAST, FERG: Piotroski F-Score Comparison

For the Industrial Distribution subindustry, Tye Soon'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.


Tye Soon Piotroski F-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Tye Soon's Piotroski F-Score distribution charts can be found below:

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


SGX:BFU
41GF Score
Tye Soon Ltd SGX:BFU
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$3.7 Mil.
Cash Flow from Operations was S$11.2 Mil.
Revenue was S$264.1 Mil.
Gross Profit was S$58.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (188.437 + 196.033) / 2 = S$192.235 Mil.
Total Assets at the begining of this year (Dec24) was S$188.4 Mil.
Long-Term Debt & Capital Lease Obligation was S$3.8 Mil.
Total Current Assets was S$184.4 Mil.
Total Current Liabilities was S$126.8 Mil.
Net Income was S$4.2 Mil.

Revenue was S$257.2 Mil.
Gross Profit was S$57.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (180.041 + 188.437) / 2 = S$184.239 Mil.
Total Assets at the begining of last year (Dec23) was S$180.0 Mil.
Long-Term Debt & Capital Lease Obligation was S$3.2 Mil.
Total Current Assets was S$177.9 Mil.
Total Current Liabilities was S$122.0 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.

Tye Soon's current Net Income (TTM) was 3.7. ==> 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.

Tye Soon's current Cash Flow from Operations (TTM) was 11.2. ==> 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)
=3.713/188.437
=0.0197042

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.235/180.041
=0.02352242

Tye Soon's return on assets of this year was 0.0197042. Tye Soon's return on assets of last year was 0.02352242. ==> 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.

Tye Soon's current Net Income (TTM) was 3.7. Tye Soon's current Cash Flow from Operations (TTM) was 11.2. ==> 11.2 > 3.7 ==> 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
=3.849/192.235
=0.02002237

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3.23/184.239
=0.01753158

Tye Soon's gearing of this year was 0.02002237. Tye Soon's gearing of last year was 0.01753158. ==> 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
=184.414/126.797
=1.4544035

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=177.868/122.004
=1.45788663

Tye Soon's current ratio of this year was 1.4544035. Tye Soon's current ratio of last year was 1.45788663. ==> 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.

Tye Soon's number of shares in issue this year was 87.265. Tye Soon's number of shares in issue last year was 87.265. ==> 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
=58.447/264.085
=0.22131889

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=57.894/257.164
=0.22512482

Tye Soon's gross margin of this year was 0.22131889. Tye Soon's gross margin of last year was 0.22512482. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=264.085/188.437
=1.40144982

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=257.164/180.041
=1.42836354

Tye Soon's asset turnover of this year was 1.40144982. Tye Soon's asset turnover of last year was 1.42836354. ==> 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+0+0+1+0+0
=4

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

Tye Soon has an F-score of 4 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 4 mean?
Tye Soon (SGX:BFU) has a Piotroski F-Score of 4 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tye Soon and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Tye Soon's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Tye Soon ranks #120 out of 152 companies in the Industrial Distribution industry, placing it in the top 78.9%.
Is Tye Soon's Piotroski F-Score too high?
Tye Soon's current Piotroski F-Score of 4 is 33% below 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 8.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. Tye Soon's value of 4 is 33.3% below this industry median. Based on the distribution chart, Tye Soon ranks #120 out of 152 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Tye Soon has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tye Soon's Piotroski F-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Tye Soon ranks #120 out of 152 companies for Piotroski F-Score. This places Tye Soon in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Tye Soon's value of 4 is 33.3% below this benchmark. Historically, Tye Soon's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Tye Soon has consistently been below 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 Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 152 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. Tye Soon's current Piotroski F-Score of 4 is 33.3% below 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 Tye Soon and its competitors. For the Industrial Distribution industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tye Soon's current Piotroski F-Score is 4, which is 33% below 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 Tye Soon stock overvalued right now?
Based on GuruFocus' analysis, Tye Soon (SGX:BFU) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.33, compared to a current price of S$0.28 — trading 15.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Industrial Distribution industry median of 6.00. Tye Soon's overall GF Score™ is 41/100 with 5 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 Tye Soon (SGX:BFU), the current Piotroski F-Score is 4 as of Aug. 11, 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 Tye Soon (SGX:BFU) Overvalued in 2026?

Based on GuruFocus' analysis, Tye Soon stock appears to be undervalued. The current stock price of S$0.28 is trading 15.2% below its estimated GF Value™ of S$0.33. GuruFocus considers Tye Soon to be Modestly Undervalued.

Key valuation signals for SGX:BFU:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: S$0.33 vs. price of S$0.28 (15.2% below fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 33.3% below the Industrial Distribution median (#120 of 152)

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


Tye Soon Business Description

Address 9 Toh Guan Road East, Number 02-01, Singapore, SGP, 608604
Tye Soon Ltd is a Singapore-based company engaged in the import, export, and distribution of automotive parts. The products of the company are electrical and aircon parts, transmission, chassis and body parts, engine parts, brake parts, fuel range, and others. It has operations in Singapore, Malaysia, Thailand, Indonesia, South Korea, and other countries. It generates key revenue from operations in Malaysia. The company's brands include Genuine Parts, Mercedes-Benz, Hengst, and Mann Filter; GMB and others.
41GF Score

Get the complete analysis for SGX:BFU

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

S$0.28
Price
S$0.33
GF Value