Sheng Siong GroupSGX:OV8 +0.31%88 Piotroski F-Score is 6 as of Jul. 08, 2026, which is at its 10-year median of 6.00. GuruFocus rates SGX:OV8 with a GF Score™ of 88/100 and a GF Value™ of S$1.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 298 Retail - Defensive companies, Sheng Siong Group ranks better than 70.81% 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
Sheng Siong Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Sheng Siong Group's Piotroski F-Score or its related term are showing as below:
SGX:OV8'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sheng Siong Group was 9. The lowest was 5. And the median was 6.
Sheng Siong Group (SGX:OV8) 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.
Sheng Siong Group Piotroski F-Score Related Terms
Sheng Siong Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sheng Siong 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.
For the Grocery Stores subindustry, Sheng Siong 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.
Sheng Siong Group Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Sheng Siong Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sheng Siong 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.
Sheng Siong Group's current Net Income (TTM) was 149.
==> 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.
Sheng Siong Group's return on assets of this year was 0.15982082. Sheng Siong Group's return on assets of last year was 0.16565064.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sheng Siong Group's gearing of this year was 0.12764195. Sheng Siong Group's gearing of last year was 0.0995517.
==> 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
Sheng Siong Group's current ratio of this year was 1.62463075. Sheng Siong Group's current ratio of last year was 1.55228345.
==> 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.
Sheng Siong Group's number of shares in issue this year was 1503.537. Sheng Siong Group's number of shares in issue last year was 1503.537.
==> 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.
Sheng Siong Group's gross margin of this year was 0.31314751. Sheng Siong Group's gross margin of last year was 0.30480025.
==> 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
Sheng Siong Group's asset turnover of this year was 1.67885164. Sheng Siong Group's asset turnover of last year was 1.72094441.
==> 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
Sheng Siong Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sheng Siong Group (SGX:OV8) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sheng Siong Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Sheng Siong Group's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Sheng Siong Group ranks #87 out of 298 companies in the Retail - Defensive industry, placing it in the top 29.2%.
Is Sheng Siong Group's Piotroski F-Score too high?
Sheng Siong Group's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Sheng Siong Group's value of 6 is 0% at this industry median. Based on the distribution chart, Sheng Siong Group ranks #87 out of 298 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Sheng Siong Group has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sheng Siong Group's Piotroski F-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Sheng Siong Group ranks #87 out of 298 companies for Piotroski F-Score. This puts Sheng Siong Group in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Sheng Siong Group's value of 6 is 0% at this benchmark. Historically, Sheng Siong Group's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Sheng Siong Group 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 - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 298 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. Sheng Siong Group's current Piotroski F-Score of 6 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 Sheng Siong Group 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. Sheng Siong Group's current Piotroski F-Score is 6, which is near 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 Sheng Siong Group stock overvalued right now?
Based on GuruFocus' analysis, Sheng Siong Group (SGX:OV8) is currently considered Significantly Overvalued. The stock's GF Value™ is S$1.94, compared to a current price of S$3.27 — trading 68.6% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Retail - Defensive industry median of 6.00. Sheng Siong Group's overall GF Score™ is 88/100 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 Sheng Siong Group (SGX:OV8), the current Piotroski F-Score is 6 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 Sheng Siong Group (SGX:OV8) Overvalued in 2026?
Based on GuruFocus' analysis, Sheng Siong Group stock appears to be overvalued.
The current stock price of S$3.27 is trading 68.6% above its estimated GF Value™ of S$1.94.
GuruFocus considers Sheng Siong Group to be Significantly Overvalued.
Key valuation signals for SGX:OV8:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: S$1.94 vs. price of S$3.27 (68.6% above fair value)
Industry Position: 0% at the Retail - Defensive median (#87 of 298)
No single metric tells the full story. See the SGX:OV8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sheng Siong Group Ltd is a Singapore-based company that is principally engaged in the retail business. The company operates through the Sheng Siong Groceries chain, with stores located across Singapore. The company offers "wet and dry" merchandise, including fresh and chilled goods (such as seafood, meat, and vegetables), processed, frozen, and preserved food products, and general merchandise (like toiletries and essential household products). The company has its own distribution network, food-processing facilities, and warehousing facilities. The Group operates in one segment, which relates to the provision of supermarket supplies and supermarket operations. The Groups operations are mainly located in Singapore.
88GF Score
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