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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Debao Property Development 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 Debao Property Development's Piotroski F-Score or its related term are showing as below:
SGX:BTF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Debao Property Development was 7. The lowest was 2. And the median was 4.
Debao Property Development (SGX:BTF) 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.
Debao Property Development Piotroski F-Score Related Terms
Debao Property Development 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.
Debao Property Development Piotroski F-Score Chart
For the Real Estate - Diversified subindustry, Debao Property Development'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.
Debao Property Development Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Debao Property Development's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Debao Property Development'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.
Debao Property Development's current Net Income (TTM) was -13.68.
==> Negative ==> Score 0.
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.
Debao Property Development's current Cash Flow from Operations (TTM) was 9.81.
==> 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.
Debao Property Development's return on assets of this year was -0.02036056. Debao Property Development's return on assets of last year was -0.0176094.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Debao Property Development's gearing of this year was 0.07230309. Debao Property Development's gearing of last year was 0.07091881.
==> 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
Debao Property Development's current ratio of this year was 0.49447432. Debao Property Development's current ratio of last year was 0.50904763.
==> 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.
Debao Property Development's number of shares in issue this year was 75. Debao Property Development's number of shares in issue last year was 75.
==> 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.
Debao Property Development's gross margin of this year was 0.62622532. Debao Property Development's gross margin of last year was 0.45903892.
==> 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
Debao Property Development's asset turnover of this year was 0.02095751. Debao Property Development's asset turnover of last year was 0.03616145.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Debao Property Development has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Debao Property Development (SGX:BTF) has a Piotroski F-Score of 4 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Debao Property Development and its competitors. This is near median its historical median of 4.00. Over the past decade, Debao Property Development's Piotroski F-Score has ranged from 2.00 to 7.00.
Is Debao Property Development's Piotroski F-Score too high?
Debao Property Development's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Debao Property Development's value of 4 is 20% below this industry median.
How does Debao Property Development's Piotroski F-Score compare to HHC?
Debao Property Development's Piotroski F-Score of 4 can be compared against companies in the Real Estate industry. The industry median Piotroski F-Score is 5.00. Debao Property Development's value of 4 is 20% below this benchmark. Historically, Debao Property Development's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Debao Property Development 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 a Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,752 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. Debao Property Development's current Piotroski F-Score of 4 is 20% 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 Debao Property Development 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. Debao Property Development's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Debao Property Development stock overvalued right now?
Debao Property Development (SGX:BTF) has a current Piotroski F-Score of 4. The stock's GF Value™ is S$0.11, compared to a current price of S$0.13 — trading 16.4% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Real Estate industry median of 5.00. 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 Debao Property Development (SGX:BTF), the current Piotroski F-Score is 4 as of Jul. 25, 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.
Debao Property Development Ltd is an integrated property developer specialising in the building of quality integrated residential properties and commercial properties in the PRC. The company has developed quality integrated residential and commercial property developments within Foshan City, Guangdong Province, which are mainly large-scale and multi-phased projects.
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