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Bund Center InvestmentSGX:BTE -1.20%52 Piotroski F-Score is 5 as of Jul. 27, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates SGX:BTE with a GF Score™ of 52/100 and a GF Value™ of S$0.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,754 Real Estate companies, Bund Center Investment ranks better than 60.89% 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
Bund Center Investment has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Bund Center Investment's Piotroski F-Score or its related term are showing as below:
SGX:BTE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Bund Center Investment was 9. The lowest was 5. And the median was 7.
Bund Center Investment (SGX:BTE) 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.
Bund Center Investment Piotroski F-Score Related Terms
Bund Center Investment Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bund Center Investment'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:BTE vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Bund Center Investment'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.
Bund Center Investment Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Bund Center Investment's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bund Center Investment'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.
Bund Center Investment's current Net Income (TTM) was 7.63.
==> 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.
Bund Center Investment's current Cash Flow from Operations (TTM) was 32.23.
==> 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.
Bund Center Investment's return on assets of this year was 0.01846959. Bund Center Investment's return on assets of last year was 0.03312358.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bund Center Investment's gearing of this year was 0.0017753. Bund Center Investment's gearing of last year was 0.00085114.
==> 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
Bund Center Investment's current ratio of this year was 8.68932186. Bund Center Investment's current ratio of last year was 8.19706848.
==> 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.
Bund Center Investment's number of shares in issue this year was 758.769. Bund Center Investment's number of shares in issue last year was 758.769.
==> 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.
Bund Center Investment's gross margin of this year was 0.42204591. Bund Center Investment's gross margin of last year was 0.4323796.
==> 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
Bund Center Investment's asset turnover of this year was 0.197503. Bund Center Investment's asset turnover of last year was 0.20610363.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bund Center Investment has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Bund Center Investment (SGX:BTE) has a Piotroski F-Score of 5 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bund Center Investment and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Bund Center Investment's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Bund Center Investment ranks #686 out of 1754 companies in the Real Estate industry, placing it in the top 39.1%.
Is Bund Center Investment's Piotroski F-Score too high?
Bund Center Investment's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Real Estate industry median Piotroski F-Score is 5.00. Bund Center Investment's value of 5 is 0% at this industry median. Based on the distribution chart, Bund Center Investment ranks #686 out of 1754 companies in the Real Estate industry, which is above the industry midpoint. Overall, Bund Center Investment has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bund Center Investment's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Bund Center Investment ranks #686 out of 1754 companies for Piotroski F-Score. This puts Bund Center Investment in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bund Center Investment's value of 5 is 0% at this benchmark. Historically, Bund Center Investment's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Bund Center Investment has consistently been at 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,754 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. Bund Center Investment's current Piotroski F-Score of 5 is 0% at 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 Bund Center Investment and its competitors. For the Real Estate 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. Bund Center Investment's current Piotroski F-Score is 5, which is 29% 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 Bund Center Investment stock overvalued right now?
Based on GuruFocus' analysis, Bund Center Investment (SGX:BTE) is currently considered Fairly Valued. The stock's GF Value™ is S$0.42, compared to a current price of S$0.41 — trading 2.4% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Real Estate industry median of 5.00. Bund Center Investment's overall GF Score™ is 52/100 with 3 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 Bund Center Investment (SGX:BTE), the current Piotroski F-Score is 5 as of Jul. 27, 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 Bund Center Investment (SGX:BTE) Overvalued in 2026?
Based on GuruFocus' analysis, Bund Center Investment stock appears to be undervalued.
The current stock price of S$0.41 is trading 2.4% below its estimated GF Value™ of S$0.42.
GuruFocus considers Bund Center Investment to be Fairly Valued.
Key valuation signals for SGX:BTE:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: S$0.42 vs. price of S$0.41 (2.4% below fair value)
Industry Position: 0% at the Real Estate median (#686 of 1754)
No single metric tells the full story. See the SGX:BTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bund Center Investment Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in property-related businesses in the People's Republic of China (PRC), with a focus on commercial and hospitality properties. The assets in its portfolio include the Bund Center Office Tower, an office building in Shanghai; the Westin Bund Center, Shanghai, a five-star luxury hotel managed by Marriott International; and Golden Center, a retail complex in Ningbo. The group's reportable segments are Property Leasing and Hotel. Maximum revenue is generated from the Hotel segment. The Property segment is engaged in the ownership and leasing of investment properties. Geographically, all of its activities are carried out in the People's Republic of China.
52GF Score
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