Lum Chang HoldingsSGX:L19 54 Piotroski F-Score is 8 as of Jul. 08, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates SGX:L19 with a GF Score™ of 54/100 and a GF Value™ of S$0.35 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,731 Construction companies, Lum Chang Holdings ranks better than 98.32% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Lum Chang Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Lum Chang Holdings's Piotroski F-Score or its related term are showing as below:
SGX:L19'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Lum Chang Holdings was 8. The lowest was 4. And the median was 5.
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.
Lum Chang Holdings Piotroski F-Score Related Terms
Lum Chang Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Lum Chang 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.
SGX:L19 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Lum Chang 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.
Lum Chang Holdings Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Lum Chang Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Lum Chang Holdings'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.
Lum Chang Holdings's current Net Income (TTM) was 15.6.
==> 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.
Lum Chang Holdings's return on assets of this year was 0.03549038. Lum Chang Holdings's return on assets of last year was 0.01666274.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Lum Chang Holdings's gearing of this year was 0.07262868. Lum Chang Holdings's gearing of last year was 0.07292149.
==> 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
Lum Chang Holdings's current ratio of this year was 1.25850693. Lum Chang Holdings's current ratio of last year was 1.14729402.
==> 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.
Lum Chang Holdings's number of shares in issue this year was 374.634. Lum Chang Holdings's number of shares in issue last year was 376.445.
==> 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.
Lum Chang Holdings's gross margin of this year was 0.11514298. Lum Chang Holdings's gross margin of last year was 0.08216331.
==> 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
Lum Chang Holdings's asset turnover of this year was 1.05445549. Lum Chang Holdings's asset turnover of last year was 1.13277225.
==> 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
Lum Chang Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Lum Chang Holdings (SGX:L19) has a Piotroski F-Score of 8 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lum Chang Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Lum Chang Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Lum Chang Holdings ranks #29 out of 1731 companies in the Construction industry, placing it in the top 1.7%.
Is Lum Chang Holdings' Piotroski F-Score too high?
Lum Chang Holdings' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Lum Chang Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Lum Chang Holdings ranks #29 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Lum Chang Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lum Chang Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Lum Chang Holdings ranks #29 out of 1731 companies for Piotroski F-Score. This places Lum Chang Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lum Chang Holdings' value of 8 is 60% above this benchmark. Historically, Lum Chang Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Lum Chang Holdings 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Lum Chang Holdings's current Piotroski F-Score of 8 is 60% 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 Lum Chang Holdings and its competitors. For the Construction 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. Lum Chang Holdings's current Piotroski F-Score is 8, which is 60% above 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 Lum Chang Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lum Chang Holdings (SGX:L19) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.35, compared to a current price of S$0.51 — trading 45.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Construction industry median of 5.00. Lum Chang Holdings' overall GF Score™ is 54/100 with 5 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 Lum Chang Holdings (SGX:L19), the current Piotroski F-Score is 8 as of Jul. 08, 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 Lum Chang Holdings (SGX:L19) Overvalued in 2026?
Based on GuruFocus' analysis, Lum Chang Holdings stock appears to be overvalued.
The current stock price of S$0.51 is trading 45.7% above its estimated GF Value™ of S$0.35.
GuruFocus considers Lum Chang Holdings to be Significantly Overvalued.
Key valuation signals for SGX:L19:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: S$0.35 vs. price of S$0.51 (45.7% above fair value)
Industry Position: 60% above the Construction median (#29 of 1731)
No single metric tells the full story. See the SGX:L19 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lum Chang Holdings Ltd is a construction company operating through four segments: Construction; Restoration & Interior Fit-Out; Property Development and Investment; and Investment Holding & Others. The Construction segment, which contributes the majority of the revenue, focuses on building construction, extensions, additions, alterations, refurbishment, and restoration. The Restoration & Interior Fit-Out segment offers niche restoration works, interior fit-outs, and addition and alteration (A&A) projects. The Property Development and Investment segment develops and holds properties for sale and investment, while the Investment Holding & Others segment manages group investments and provides management services.
54GF Score
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