Leong Guan Holdings (SGX:LGH) Piotroski F-Score: 4 (As of Aug. 22, 2026) — 20% Below Median

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SGX:LGH Leong Guan Holdings Ltd SGX:LGH
15 GF Score
Price S$0.23
! 2 Warning Signs
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What is Leong Guan Holdings Piotroski F-Score?

Leong Guan Holdings SGX:LGH 15 Piotroski F-Score is 4 as of Aug. 22, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SGX:LGH with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Leong Guan Holdings ranks worse than 68.32% 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

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

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

During the past 4 years, the highest Piotroski F-Score of Leong Guan Holdings was 6. The lowest was 4. And the median was 5.

Leong Guan Holdings  (SGX:LGH) 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.


Leong Guan Holdings Piotroski F-Score Related Terms


Leong Guan Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Leong Guan 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.

Leong Guan Holdings Piotroski F-Score Chart

Leong Guan Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 4.00

Leong Guan Holdings Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Piotroski F-Score N/A N/A 6.00 4.00

SGX:LGH vs KHC, GIS, HRL: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Leong Guan 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.


Leong Guan Holdings Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Leong Guan Holdings's Piotroski F-Score distribution charts can be found below:

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


SGX:LGH
15GF Score
Leong Guan Holdings Ltd SGX:LGH
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was S$0.50 Mil.
Cash Flow from Operations was S$2.93 Mil.
Revenue was S$40.03 Mil.
Gross Profit was S$18.25 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (18.494 + 27.233) / 2 = S$22.8635 Mil.
Total Assets at the begining of this year (Dec24) was S$18.49 Mil.
Long-Term Debt & Capital Lease Obligation was S$7.56 Mil.
Total Current Assets was S$12.54 Mil.
Total Current Liabilities was S$9.14 Mil.
Net Income was S$1.74 Mil.

Revenue was S$37.54 Mil.
Gross Profit was S$17.40 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (17.151 + 18.494) / 2 = S$17.8225 Mil.
Total Assets at the begining of last year (Dec23) was S$17.15 Mil.
Long-Term Debt & Capital Lease Obligation was S$2.55 Mil.
Total Current Assets was S$13.81 Mil.
Total Current Liabilities was S$9.60 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.

Leong Guan Holdings's current Net Income (TTM) was 0.50. ==> 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.

Score 1 if positive, 0 if negative.

Leong Guan Holdings's current Cash Flow from Operations (TTM) was 2.93. ==> 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 (Dec24)
=0.498/18.494
=0.02692765

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1.741/17.151
=0.10151012

Leong Guan Holdings's return on assets of this year was 0.02692765. Leong Guan Holdings's return on assets of last year was 0.10151012. ==> 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.

Leong Guan Holdings's current Net Income (TTM) was 0.50. Leong Guan Holdings's current Cash Flow from Operations (TTM) was 2.93. ==> 2.93 > 0.50 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=7.564/22.8635
=0.33083299

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.545/17.8225
=0.14279703

Leong Guan Holdings's gearing of this year was 0.33083299. Leong Guan Holdings's gearing of last year was 0.14279703. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=12.543/9.141
=1.37216935

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=13.808/9.603
=1.43788399

Leong Guan Holdings's current ratio of this year was 1.37216935. Leong Guan Holdings's current ratio of last year was 1.43788399. ==> 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.

Leong Guan Holdings's number of shares in issue this year was 101.22. Leong Guan Holdings's number of shares in issue last year was 101.22. ==> 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
=18.249/40.028
=0.45590587

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17.395/37.538
=0.46339709

Leong Guan Holdings's gross margin of this year was 0.45590587. Leong Guan Holdings's gross margin of last year was 0.46339709. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=40.028/18.494
=2.16437764

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=37.538/17.151
=2.18867705

Leong Guan Holdings's asset turnover of this year was 2.16437764. Leong Guan Holdings's asset turnover of last year was 2.18867705. ==> 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
=1+1+0+1+0+0+1+0+0
=4

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

Leong Guan Holdings has an F-score of 4 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 4 mean?
Leong Guan Holdings (SGX:LGH) has a Piotroski F-Score of 4 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Leong Guan Holdings and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Leong Guan Holdings' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Leong Guan Holdings ranks #1307 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 68.3%.
Is Leong Guan Holdings' Piotroski F-Score too high?
Leong Guan Holdings' current Piotroski F-Score of 4 is 20% below 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 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Leong Guan Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Leong Guan Holdings ranks #1307 out of 1913 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Leong Guan Holdings has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Leong Guan Holdings' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Leong Guan Holdings ranks #1307 out of 1913 companies for Piotroski F-Score. This places Leong Guan Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Leong Guan Holdings' value of 4 is 20% below this benchmark. Historically, Leong Guan Holdings' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Leong Guan Holdings 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,913 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. Leong Guan Holdings'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 Leong Guan Holdings and its competitors. For the Consumer Packaged Goods 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. Leong Guan Holdings's current Piotroski F-Score is 4, which is 20% 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 Leong Guan Holdings stock overvalued right now?
Leong Guan Holdings (SGX:LGH) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Leong Guan Holdings' overall GF Score™ is 15/100 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 Leong Guan Holdings (SGX:LGH), the current Piotroski F-Score is 4 as of Aug. 22, 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.

Leong Guan Holdings Business Description

Address 7 Woodlands Link, Singapore, SGP, 738722
Leong Guan Holdings Ltd is a food manufacturing and distribution company. The company specialise in the production of fresh noodle products and soy bean-based beancurd products, and also trades a wide range of complementary food items. Through its LG Brand and white-label offerings, the company aims to provide a one-stop food sourcing solution for its customers. The company operates in three main business segments, namely (i) self-manufactured products, (ii) trading products and (iii) original equipment manufacturer (OEM) products. The majority of its revenue is derived from the Self-manufactured products segment, which refers to the products manufactured by the company and delivered to customers under its own LG Brand. Geographically, the company generates maximum revenue from Singapore.
15GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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