Coliwoo Holdings (SGX:W8W) Piotroski F-Score: 6 (As of Aug. 21, 2026) — Near Median

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SGX:W8W Coliwoo Holdings Ltd SGX:W8W
10 GF Score
Price S$0.50
! 6 Warning Signs
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What is Coliwoo Holdings Piotroski F-Score?

Coliwoo Holdings SGX:W8W 10 Piotroski F-Score is 6 as of Aug. 21, 2026, which is at its 10-year median of 6.00. GuruFocus rates SGX:W8W with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 1,748 Real Estate companies, Coliwoo Holdings ranks better than 78.66% 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

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

SGX:W8W' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

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

Coliwoo Holdings  (SGX:W8W) 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.


Coliwoo Holdings Piotroski F-Score Related Terms


Coliwoo Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Coliwoo 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.

Coliwoo Holdings Piotroski F-Score Chart

Coliwoo Holdings Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 6.00 6.00

Coliwoo Holdings Semi-Annual Data
Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 6.00 0.00 6.00 0.00

SGX:W8W vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Coliwoo 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.


Coliwoo Holdings Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Coliwoo Holdings's Piotroski F-Score distribution charts can be found below:

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


SGX:W8W
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Coliwoo Holdings Ltd SGX:W8W
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was S$15.05 Mil.
Cash Flow from Operations was S$24.80 Mil.
Revenue was S$46.73 Mil.
Gross Profit was S$33.08 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (402.231 + 404.858) / 2 = S$403.5445 Mil.
Total Assets at the begining of this year (Sep24) was S$402.23 Mil.
Long-Term Debt & Capital Lease Obligation was S$202.27 Mil.
Total Current Assets was S$87.22 Mil.
Total Current Liabilities was S$70.36 Mil.
Net Income was S$30.97 Mil.

Revenue was S$52.15 Mil.
Gross Profit was S$31.37 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (230.537 + 402.231) / 2 = S$316.384 Mil.
Total Assets at the begining of last year (Sep23) was S$230.54 Mil.
Long-Term Debt & Capital Lease Obligation was S$207.95 Mil.
Total Current Assets was S$42.07 Mil.
Total Current Liabilities was S$113.68 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.

Coliwoo Holdings's current Net Income (TTM) was 15.05. ==> 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.

Coliwoo Holdings's current Cash Flow from Operations (TTM) was 24.80. ==> 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 (Sep24)
=15.047/402.231
=0.03740885

ROA (Last Year)=Net Income/Total Assets (Sep23)
=30.973/230.537
=0.13435154

Coliwoo Holdings's return on assets of this year was 0.03740885. Coliwoo Holdings's return on assets of last year was 0.13435154. ==> 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.

Coliwoo Holdings's current Net Income (TTM) was 15.05. Coliwoo Holdings's current Cash Flow from Operations (TTM) was 24.80. ==> 24.80 > 15.05 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=202.273/403.5445
=0.50124088

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=207.954/316.384
=0.65728355

Coliwoo Holdings's gearing of this year was 0.50124088. Coliwoo Holdings's gearing of last year was 0.65728355. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=87.219/70.361
=1.23959296

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=42.074/113.68
=0.37010908

Coliwoo Holdings's current ratio of this year was 1.23959296. Coliwoo Holdings's current ratio of last year was 0.37010908. ==> 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.

Coliwoo Holdings's number of shares in issue this year was 480.8. Coliwoo Holdings's number of shares in issue last year was 312.624. ==> 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
=33.078/46.733
=0.70780819

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=31.367/52.154
=0.60143038

Coliwoo Holdings's gross margin of this year was 0.70780819. Coliwoo Holdings's gross margin of last year was 0.60143038. ==> 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 (Sep24)
=46.733/402.231
=0.11618448

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=52.154/230.537
=0.22622833

Coliwoo Holdings's asset turnover of this year was 0.11618448. Coliwoo Holdings's asset turnover of last year was 0.22622833. ==> 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+1+1+0+1+0
=6

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

Coliwoo Holdings has an F-score of 6 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 6 mean?
Coliwoo Holdings (SGX:W8W) has a Piotroski F-Score of 6 as of Aug. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Coliwoo Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Coliwoo Holdings' Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, Coliwoo Holdings ranks #373 out of 1748 companies in the Real Estate industry, placing it in the top 21.3%.
Is Coliwoo Holdings' Piotroski F-Score too high?
Coliwoo Holdings' 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 6.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Coliwoo Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Coliwoo Holdings ranks #373 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Coliwoo Holdings has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Coliwoo Holdings' Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Coliwoo Holdings ranks #373 out of 1748 companies for Piotroski F-Score. This places Coliwoo Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Coliwoo Holdings' value of 6 is 20% above this benchmark. Historically, Coliwoo Holdings' own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Coliwoo 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,748 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. Coliwoo Holdings's current Piotroski F-Score of 6 is 20% 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 Coliwoo Holdings and its competitors. For the Real Estate 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. Coliwoo Holdings'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 Coliwoo Holdings stock overvalued right now?
Coliwoo Holdings (SGX:W8W) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Real Estate industry median of 5.00. Coliwoo Holdings' overall GF Score™ is 10/100 with 6 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 Coliwoo Holdings (SGX:W8W), the current Piotroski F-Score is 6 as of Aug. 21, 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.

Coliwoo Holdings Business Description

Address No. 02-08, 10 Raeburn Park, Singapore, SGP, 088702
Coliwoo Holdings Ltd is an investment holding company, principally engaged in the space optimisation business for co-living. It owns and operates co-living spaces for lease, offering tenants homes in various locations across Singapore. It focuses on acquiring or leasing old, unused, and underutilised properties and transforming them into co-living spaces, which the company either manages and operates under the Coliwoo brand or leases to other unrelated third-party operators. The company also provides professional property enhancement and property management services for landlords. It derives revenue predominantly from rental income from leased and owned properties, as well as income from facilities services and management services from the co-living business in Singapore.
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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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