Pacific Radiance (SGX:RXS) Piotroski F-Score: 5 (As of Aug. 06, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Pacific Radiance Piotroski F-Score?

Pacific Radiance SGX:RXS Piotroski F-Score is 5 as of Aug. 06, 2026, which is at its 10-year median of 5.00. The stock has 7 warning signs investors should review. Among 978 Transportation companies, Pacific Radiance ranks worse than 52.35% 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

Pacific Radiance has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Pacific Radiance's Piotroski F-Score or its related term are showing as below:

SGX:RXS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of Pacific Radiance was 6. The lowest was 3. And the median was 5.

Pacific Radiance  (SGX:RXS) 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.


Pacific Radiance Piotroski F-Score Related Terms


Pacific Radiance Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Pacific Radiance'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.

Pacific Radiance Piotroski F-Score Chart

Pacific Radiance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 4.00 5.00 5.00

Pacific Radiance Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 5.00 0.00 5.00

Pacific Radiance Piotroski F-Score Competitor Comparison

For the Marine Shipping subindustry, Pacific Radiance'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.


Pacific Radiance Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Pacific Radiance's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pacific Radiance's Piotroski F-Score falls into.


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$20.36 Mil.
Cash Flow from Operations was S$-2.13 Mil.
Revenue was S$71.23 Mil.
Gross Profit was S$28.62 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (156.321 + 163.27) / 2 = S$159.7955 Mil.
Total Assets at the begining of this year (Dec24) was S$156.32 Mil.
Long-Term Debt & Capital Lease Obligation was S$8.64 Mil.
Total Current Assets was S$66.23 Mil.
Total Current Liabilities was S$22.77 Mil.
Net Income was S$34.91 Mil.

Revenue was S$59.20 Mil.
Gross Profit was S$19.32 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (144.033 + 156.321) / 2 = S$150.177 Mil.
Total Assets at the begining of last year (Dec23) was S$144.03 Mil.
Long-Term Debt & Capital Lease Obligation was S$8.90 Mil.
Total Current Assets was S$63.63 Mil.
Total Current Liabilities was S$35.46 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.

Pacific Radiance's current Net Income (TTM) was 20.36. ==> 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.

Pacific Radiance's current Cash Flow from Operations (TTM) was -2.13. ==> Negative ==> Score 0.

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)
=20.363/156.321
=0.13026401

ROA (Last Year)=Net Income/Total Assets (Dec23)
=34.912/144.033
=0.2423889

Pacific Radiance's return on assets of this year was 0.13026401. Pacific Radiance's return on assets of last year was 0.2423889. ==> 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.

Pacific Radiance's current Net Income (TTM) was 20.36. Pacific Radiance's current Cash Flow from Operations (TTM) was -2.13. ==> -2.13 <= 20.36 ==> CFROA <= ROA ==> Score 0.

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
=8.64/159.7955
=0.05406911

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=8.9/150.177
=0.0592634

Pacific Radiance's gearing of this year was 0.05406911. Pacific Radiance's gearing of last year was 0.0592634. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=66.234/22.772
=2.90857193

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=63.627/35.455
=1.79458468

Pacific Radiance's current ratio of this year was 2.90857193. Pacific Radiance's current ratio of last year was 1.79458468. ==> 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.

Pacific Radiance's number of shares in issue this year was 1509.215. Pacific Radiance's number of shares in issue last year was 1429.205. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=28.621/71.23
=0.40181103

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.323/59.204
=0.32637997

Pacific Radiance's gross margin of this year was 0.40181103. Pacific Radiance's gross margin of last year was 0.32637997. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=71.23/156.321
=0.45566495

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=59.204/144.033
=0.41104469

Pacific Radiance's asset turnover of this year was 0.45566495. Pacific Radiance's asset turnover of last year was 0.41104469. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+1+0+1+1
=5

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

Pacific Radiance has an F-score of 5 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 5 mean?
Pacific Radiance (SGX:RXS) has a Piotroski F-Score of 5 as of Aug. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Pacific Radiance and its competitors. This is near median its historical median of 5.00. Over the past decade, Pacific Radiance's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Pacific Radiance ranks #512 out of 978 companies in the Transportation industry, placing it in the top 52.4%.
Is Pacific Radiance's Piotroski F-Score too high?
Pacific Radiance's current Piotroski F-Score of 5 is near 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 6.00. The Transportation industry median Piotroski F-Score is 6.00. Pacific Radiance's value of 5 is 16.7% below this industry median. Based on the distribution chart, Pacific Radiance ranks #512 out of 978 companies in the Transportation industry, which is below the industry midpoint.
How does Pacific Radiance's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Pacific Radiance ranks #512 out of 978 companies for Piotroski F-Score. This places Pacific Radiance in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Pacific Radiance's value of 5 is 16.7% below this benchmark. Historically, Pacific Radiance's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Pacific Radiance 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Pacific Radiance's current Piotroski F-Score of 5 is 16.7% 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 Pacific Radiance and its competitors. For the Transportation 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. Pacific Radiance's current Piotroski F-Score is 5, which is near 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 Pacific Radiance stock overvalued right now?
Based on GuruFocus' analysis, Pacific Radiance (SGX:RXS) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.03, compared to a current price of S$0.07 — trading 146.7% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Transportation industry median of 6.00. 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 Pacific Radiance (SGX:RXS), the current Piotroski F-Score is 5 as of Aug. 06, 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.

Pacific Radiance Business Description

Address 15 Pandan Road, Singapore, SGP, 609263
Pacific Radiance Ltd is an investment holding company. The company has two main operating business segments by services and products: i) The Ship Management business is engaged in the provision of vessel chartering, ship management, ship agency and project management services supporting the offshore oil and gas and offshore wind sectors. ii) The Shipyard business is engaged in shipbuilding, ship repair, maintenance, fabrication and conversion activities. The majority of revenue is derived from the Ship Management business. Geographically, the company generates the maximum revenue from Singapore and the rest from the Middle East.