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.
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.
San Miguel Brewery Hong KongSMGLF 51 Piotroski F-Score is 9 as of Aug. 23, 2026, which is 13% above its 10-year median of 8.00. GuruFocus rates SMGLF with a GF Score™ of 51/100 and a GF Value™ of $0.14. The stock has 1 warning sign investors should review. Among 207 Beverages - Alcoholic companies, San Miguel Brewery Hong Kong ranks better than 99.52% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
San Miguel Brewery Hong Kong has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for San Miguel Brewery Hong Kong's Piotroski F-Score or its related term are showing as below:
SMGLF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 8 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of San Miguel Brewery Hong Kong was 9. The lowest was 5. And the median was 8.
San Miguel Brewery Hong Kong (OTCPK:SMGLF) 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.
San Miguel Brewery Hong Kong Piotroski F-Score Related Terms
San Miguel Brewery Hong Kong Piotroski F-Score Historical Data
* 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.
San Miguel Brewery Hong Kong Piotroski F-Score Chart
For the Beverages - Brewers subindustry, San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, San Miguel Brewery Hong Kong's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where San Miguel Brewery Hong Kong'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.
San Miguel Brewery Hong Kong's current Net Income (TTM) was 9.78.
==> 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.
San Miguel Brewery Hong Kong's current Cash Flow from Operations (TTM) was 13.34.
==> 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.
San Miguel Brewery Hong Kong's return on assets of this year was 0.10016689. San Miguel Brewery Hong Kong's return on assets of last year was -0.02499927.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
San Miguel Brewery Hong Kong's gearing of this year was 0.0024238. San Miguel Brewery Hong Kong's gearing of last year was 0.00275526.
==> 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
San Miguel Brewery Hong Kong's current ratio of this year was 4.61793407. San Miguel Brewery Hong Kong's current ratio of last year was 4.07776884.
==> 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.
San Miguel Brewery Hong Kong's number of shares in issue this year was 373.571. San Miguel Brewery Hong Kong's number of shares in issue last year was 373.571.
==> 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.
San Miguel Brewery Hong Kong's gross margin of this year was 0.40084633. San Miguel Brewery Hong Kong's gross margin of last year was 0.37422119.
==> 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
San Miguel Brewery Hong Kong's asset turnover of this year was 0.97025607. San Miguel Brewery Hong Kong's asset turnover of last year was 0.88475189.
==> 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
+
1
+
1
+
1
+
1
+
1
+
1
+
1
+
1
=
9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
San Miguel Brewery Hong Kong has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
San Miguel Brewery Hong Kong (SMGLF) has a Piotroski F-Score of 9 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on San Miguel Brewery Hong Kong and its competitors. This is 13% above median its historical median of 8.00. Over the past decade, San Miguel Brewery Hong Kong's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, San Miguel Brewery Hong Kong ranks #1 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 0.5%.
Is San Miguel Brewery Hong Kong's Piotroski F-Score too high?
San Miguel Brewery Hong Kong's current Piotroski F-Score of 9 is 13% above median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. San Miguel Brewery Hong Kong's value of 9 is 80% above this industry median. Based on the distribution chart, San Miguel Brewery Hong Kong ranks #1 out of 207 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, San Miguel Brewery Hong Kong has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does San Miguel Brewery Hong Kong's Piotroski F-Score compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, San Miguel Brewery Hong Kong ranks #1 out of 207 companies for Piotroski F-Score. This places San Miguel Brewery Hong Kong in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. San Miguel Brewery Hong Kong's value of 9 is 80% above this benchmark. Historically, San Miguel Brewery Hong Kong'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 8.00 vs. the industry median of 5.00, San Miguel Brewery Hong Kong 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 207 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. San Miguel Brewery Hong Kong's current Piotroski F-Score of 9 is 80% 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 San Miguel Brewery Hong Kong and its competitors. For the Beverages - Alcoholic 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. San Miguel Brewery Hong Kong's current Piotroski F-Score is 9, which is 13% above median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel Brewery Hong Kong stock overvalued right now?
San Miguel Brewery Hong Kong (SMGLF) has a current Piotroski F-Score of 9. The stock's GF Value™ is $0.14, compared to a current price of $0.17 — trading 21.4% above its estimated fair value. The current Piotroski F-Score is 9, which is 13% above median its 10-year median of 8.00 and 80% above the Beverages - Alcoholic industry median of 5.00. San Miguel Brewery Hong Kong's overall GF Score™ is 51/100 with 1 warning sign 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 San Miguel Brewery Hong Kong (SMGLF), the current Piotroski F-Score is 9 as of Aug. 23, 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 San Miguel Brewery Hong Kong (SMGLF) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel Brewery Hong Kong stock appears to be overvalued.
The current stock price of $0.17 is trading 21.4% above its estimated GF Value™ of $0.14.
Key valuation signals for SMGLF:
Piotroski F-Score: 9 (13% above median its 10-year median of 8.00)
GF Value™: $0.14 vs. price of $0.17 (21.4% above fair value)
Industry Position: 80% above the Beverages - Alcoholic median (#1 of 207)
No single metric tells the full story. See the SMGLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Brewery Hong Kong Ltd is engaged in the manufacturing and distribution of bottled, canned, and draught beers. Its two reportable segments are: The Hong Kong operations comprise the manufacture and distribution of own brewed beer products and the distribution of imported beer products in Hong Kong and overseas; and The Mainland China operations comprise the manufacture and distribution of own-brewed beer products in the southern part of the People's Republic of China and overseas. It derives the majority of its revenue from Hong Kong.
51GF Score
Get the complete analysis for SMGLF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SMGLF has been successfully added to your 
