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Khong GuanSGX:K03 67 Piotroski F-Score is 7 as of Jul. 19, 2026, which is at its 10-year median of 7.00. GuruFocus rates SGX:K03 with a GF Score™ of 67/100 and a GF Value™ of S$1.02 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 300 Retail - Defensive companies, Khong Guan ranks better than 88% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Khong Guan has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Khong Guan's Piotroski F-Score or its related term are showing as below:
SGX:K03'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Khong Guan was 7. The lowest was 3. And the median was 7.
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.
Khong Guan Piotroski F-Score Related Terms
Khong Guan Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Khong Guan'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:K03 vs SYY, USFD, PFGC: Piotroski F-Score Comparison
For the Food Distribution subindustry, Khong Guan'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.
Khong Guan Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Khong Guan's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Khong Guan'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.
Khong Guan's current Net Income (TTM) was -0.40.
==> 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.
Khong Guan's return on assets of this year was -0.00602006. Khong Guan's return on assets of last year was -0.02028473.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Khong Guan's gearing of this year was 0.00071938. Khong Guan's gearing of last year was 0.00104219.
==> 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
Khong Guan's current ratio of this year was 2.821638. Khong Guan's current ratio of last year was 3.01685393.
==> 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.
Khong Guan's number of shares in issue this year was 25.813. Khong Guan's number of shares in issue last year was 25.813.
==> 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.
Khong Guan's gross margin of this year was 0.09560086. Khong Guan's gross margin of last year was 0.09146368.
==> 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
Khong Guan's asset turnover of this year was 1.11832841. Khong Guan's asset turnover of last year was 1.05030015.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Khong Guan has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Khong Guan (SGX:K03) has a Piotroski F-Score of 7 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Khong Guan and its competitors. This is near median its historical median of 7.00. Over the past decade, Khong Guan's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Khong Guan ranks #36 out of 300 companies in the Retail - Defensive industry, placing it in the top 12%.
Is Khong Guan's Piotroski F-Score too high?
Khong Guan's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Khong Guan's value of 7 is 16.7% above this industry median. Based on the distribution chart, Khong Guan ranks #36 out of 300 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Khong Guan has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khong Guan's Piotroski F-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Khong Guan ranks #36 out of 300 companies for Piotroski F-Score. This places Khong Guan in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Khong Guan's value of 7 is 16.7% above this benchmark. Historically, Khong Guan'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 7.00 vs. the industry median of 6.00, Khong Guan has consistently been above 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 - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 300 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. Khong Guan's current Piotroski F-Score of 7 is 16.7% above 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 Khong Guan and its competitors. For the Retail - Defensive 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. Khong Guan's current Piotroski F-Score is 7, which is near 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 Khong Guan stock overvalued right now?
Based on GuruFocus' analysis, Khong Guan (SGX:K03) is currently considered Modestly Undervalued. The stock's GF Value™ is S$1.02, compared to a current price of S$0.85 — trading 17.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Retail - Defensive industry median of 6.00. Khong Guan's overall GF Score™ is 67/100 with 2 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 Khong Guan (SGX:K03), the current Piotroski F-Score is 7 as of Jul. 19, 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 Khong Guan (SGX:K03) Overvalued in 2026?
Based on GuruFocus' analysis, Khong Guan stock appears to be undervalued.
The current stock price of S$0.85 is trading 17.2% below its estimated GF Value™ of S$1.02.
GuruFocus considers Khong Guan to be Modestly Undervalued.
Key valuation signals for SGX:K03:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: S$1.02 vs. price of S$0.85 (17.2% below fair value)
Industry Position: 16.7% above the Retail - Defensive median (#36 of 300)
No single metric tells the full story. See the SGX:K03 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khong Guan Ltd is a Singapore-based investment holding company. It has two reportable operating segments; Trading of wheat flour and consumer goods, which is engaged in trading of wheat flour and consumer goods in Singapore and Malaysia; and Others which is involved in trading and holding of quoted and unquoted shares in Singapore and Malaysia. The company generates maximum revenue from the Trading of wheat flour and consumer goods segment. Geographically, it derives a majority of its revenue from Malaysia and the rest from Singapore.
67GF Score
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