F J Benjamin Holdings (SGX:F10) Piotroski F-Score: 5 (As of Jul. 06, 2026) — 17% Below Median


What is F J Benjamin Holdings Piotroski F-Score?

F J Benjamin Holdings SGX:F10 Piotroski F-Score is 5 as of Jul. 06, 2026, which is 17% below its 10-year median of 6.00. The stock has 4 warning signs investors should review. Among 1,097 Retail - Cyclical companies, F J Benjamin Holdings ranks better than 50.23% 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

F J Benjamin Holdings 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 F J Benjamin Holdings's Piotroski F-Score or its related term are showing as below:

SGX:F10' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of F J Benjamin Holdings was 7. The lowest was 4. And the median was 6.

F J Benjamin Holdings  (SGX:F10) 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.


F J Benjamin Holdings Piotroski F-Score Related Terms


F J Benjamin Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for F J Benjamin Holdings'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.

F J Benjamin Holdings Piotroski F-Score Chart

F J Benjamin Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 6.00 4.00 5.00

F J Benjamin Holdings 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 0.00 4.00 0.00 5.00 0.00

SGX:F10 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, F J Benjamin Holdings'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.


F J Benjamin Holdings Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, F J Benjamin Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where F J Benjamin Holdings's Piotroski F-Score falls into.


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was S$-16.59 Mil.
Cash Flow from Operations was S$9.27 Mil.
Revenue was S$60.46 Mil.
Gross Profit was S$29.78 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (77.934 + 60.299) / 2 = S$69.1165 Mil.
Total Assets at the begining of this year (Jun24) was S$77.93 Mil.
Long-Term Debt & Capital Lease Obligation was S$3.75 Mil.
Total Current Assets was S$40.70 Mil.
Total Current Liabilities was S$37.39 Mil.
Net Income was S$-6.13 Mil.

Revenue was S$78.43 Mil.
Gross Profit was S$37.67 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (83.592 + 77.934) / 2 = S$80.763 Mil.
Total Assets at the begining of last year (Jun23) was S$83.59 Mil.
Long-Term Debt & Capital Lease Obligation was S$5.60 Mil.
Total Current Assets was S$48.52 Mil.
Total Current Liabilities was S$37.63 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.

F J Benjamin Holdings's current Net Income (TTM) was -16.59. ==> 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.

F J Benjamin Holdings's current Cash Flow from Operations (TTM) was 9.27. ==> 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 (Jun24)
=-16.592/77.934
=-0.21289809

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-6.133/83.592
=-0.07336826

F J Benjamin Holdings's return on assets of this year was -0.21289809. F J Benjamin Holdings's return on assets of last year was -0.07336826. ==> 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.

F J Benjamin Holdings's current Net Income (TTM) was -16.59. F J Benjamin Holdings's current Cash Flow from Operations (TTM) was 9.27. ==> 9.27 > -16.59 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=3.753/69.1165
=0.05429962

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=5.599/80.763
=0.0693263

F J Benjamin Holdings's gearing of this year was 0.05429962. F J Benjamin Holdings's gearing of last year was 0.0693263. ==> 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

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=40.703/37.387
=1.08869393

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=48.517/37.627
=1.28941983

F J Benjamin Holdings's current ratio of this year was 1.08869393. F J Benjamin Holdings's current ratio of last year was 1.28941983. ==> 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.

F J Benjamin Holdings's number of shares in issue this year was 1187.314. F J Benjamin Holdings's number of shares in issue last year was 1187.314. ==> 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
=29.776/60.46
=0.4924909

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=37.674/78.428
=0.48036416

F J Benjamin Holdings's gross margin of this year was 0.4924909. F J Benjamin Holdings's gross margin of last year was 0.48036416. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=60.46/77.934
=0.77578464

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=78.428/83.592
=0.93822375

F J Benjamin Holdings's asset turnover of this year was 0.77578464. F J Benjamin Holdings's asset turnover of last year was 0.93822375. ==> 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
=0+1+0+1+1+0+1+1+0
=5

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

F J Benjamin Holdings has an F-score of 5 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 5 mean?
F J Benjamin Holdings (SGX:F10) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on F J Benjamin Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, F J Benjamin Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, F J Benjamin Holdings ranks #546 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 49.8%.
Is F J Benjamin Holdings' Piotroski F-Score too high?
F J Benjamin Holdings' current Piotroski F-Score of 5 is 17% below 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 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. F J Benjamin Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, F J Benjamin Holdings ranks #546 out of 1097 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does F J Benjamin Holdings' Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, F J Benjamin Holdings ranks #546 out of 1097 companies for Piotroski F-Score. This puts F J Benjamin Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. F J Benjamin Holdings' value of 5 is 0% at this benchmark. Historically, F J Benjamin Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, F J Benjamin Holdings 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,097 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. F J Benjamin Holdings'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 F J Benjamin Holdings and its competitors. For the Retail - Cyclical 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. F J Benjamin Holdings's current Piotroski F-Score is 5, which is 17% 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 F J Benjamin Holdings stock overvalued right now?
Based on GuruFocus' analysis, F J Benjamin Holdings (SGX:F10) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.01 — trading 20% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Retail - Cyclical 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 F J Benjamin Holdings (SGX:F10), the current Piotroski F-Score is 5 as of Jul. 06, 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.

F J Benjamin Holdings Business Description

Address 1 Jalan Kilang Timor, No. 07-01/02, Pacific Tech Centre, Singapore, SGP, 159303
F J Benjamin Holdings Ltd is an investment holding engaged in the provision of management services. Along with its subsidiaries, it is involved in brand building and management, and development of retail and distribution networks for international luxury and lifestyle brands across Southeast Asia. The various brands that the group engages with include Cole Haan, Casio, LA Senza, Nautica, Moby, GC Watches, Marciano, Superdry, etc. The group operates in the following reportable segments: Ongoing Retail, Distribution, and Export. The majority of its revenue is generated from the Ongoing Retail segment, which is involved in the operation of retail stores specializing in the retail of consumer fashion wear, accessories, timepieces, beauty, health and wellness products, chocolates, and cafe.