AMTD IDEA GroupSGX:HKB 73 Piotroski F-Score is 3 as of Jun. 30, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates SGX:HKB with a GF Score™ of 73/100 and a GF Value™ of S$2.59 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,594 Asset Management companies, AMTD IDEA Group ranks worse than 78.17% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AMTD IDEA Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for AMTD IDEA Group's Piotroski F-Score or its related term are showing as below:
SGX:HKB'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 3
During the past 10 years, the highest Piotroski F-Score of AMTD IDEA Group was 7. The lowest was 3. And the median was 5.
AMTD IDEA Group (SGX:HKB) 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.
AMTD IDEA Group Piotroski F-Score Related Terms
AMTD IDEA Group Piotroski F-Score Historical Data
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The historical data trend for AMTD IDEA Group'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:HKB vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, AMTD IDEA Group'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.
AMTD IDEA Group Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, AMTD IDEA Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AMTD IDEA Group'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.
AMTD IDEA Group's current Net Income (TTM) was 56.27.
==> 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.
AMTD IDEA Group's return on assets of this year was 0.02013153. AMTD IDEA Group's return on assets of last year was 0.03480455.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AMTD IDEA Group's gearing of this year was 0.09355626. AMTD IDEA Group's gearing of last year was 0.12410167.
==> 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
AMTD IDEA Group's current ratio of this year was 8.83217017. AMTD IDEA Group's current ratio of last year was 10.61567514.
==> 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.
AMTD IDEA Group's number of shares in issue this year was 541.199. AMTD IDEA Group's number of shares in issue last year was 402.202.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
AMTD IDEA Group's gross margin of this year was 0.4355304. AMTD IDEA Group's gross margin of last year was 0.45219345.
==> 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
AMTD IDEA Group's asset turnover of this year was 0.02641691. AMTD IDEA Group's asset turnover of last year was 0.03686991.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AMTD IDEA Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
AMTD IDEA Group (SGX:HKB) has a Piotroski F-Score of 3 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AMTD IDEA Group and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, AMTD IDEA Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, AMTD IDEA Group ranks #1246 out of 1594 companies in the Asset Management industry, placing it in the top 78.2%.
Is AMTD IDEA Group's Piotroski F-Score too high?
AMTD IDEA Group's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. AMTD IDEA Group's value of 3 is 40% below this industry median. Based on the distribution chart, AMTD IDEA Group ranks #1246 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, AMTD IDEA Group has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AMTD IDEA Group's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, AMTD IDEA Group ranks #1246 out of 1594 companies for Piotroski F-Score. This places AMTD IDEA Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AMTD IDEA Group's value of 3 is 40% below this benchmark. Historically, AMTD IDEA Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, AMTD IDEA Group 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. AMTD IDEA Group's current Piotroski F-Score of 3 is 40% 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 AMTD IDEA Group and its competitors. For the Asset Management 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. AMTD IDEA Group's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMTD IDEA Group stock overvalued right now?
Based on GuruFocus' analysis, AMTD IDEA Group (SGX:HKB) is currently considered Significantly Overvalued. The stock's GF Value™ is S$2.59, compared to a current price of S$3.49 — trading 34.7% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Asset Management industry median of 5.00. AMTD IDEA Group's overall GF Score™ is 73/100 with 10 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 AMTD IDEA Group (SGX:HKB), the current Piotroski F-Score is 3 as of Jun. 30, 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 AMTD IDEA Group (SGX:HKB) Overvalued in 2026?
Based on GuruFocus' analysis, AMTD IDEA Group stock appears to be overvalued.
The current stock price of S$3.49 is trading 34.7% above its estimated GF Value™ of S$2.59.
GuruFocus considers AMTD IDEA Group to be Significantly Overvalued.
Key valuation signals for SGX:HKB:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: S$2.59 vs. price of S$3.49 (34.7% above fair value)
Industry Position: 40% below the Asset Management median (#1246 of 1594)
No single metric tells the full story. See the SGX:HKB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMTD IDEA Group is a diversified institution and digital solutions conglomerate group, connecting companies and investors with world-wide markets. The group operates its businesses in five reportable and operating segments: capital market solutions segment, digital solutions and other services segment, media and entertainment segment, hotel operations, hospitality and VIP services segment, and strategic investment segment. The group generates the majority of its revenue from the strategic investment segment that engages in proprietary investments and management of world-wide investment portfolio (including listed and unlisted equity shares investments and movie rights investments). Its geographic areas are China, Europe, America, and Southeast Asia.
73GF Score
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