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Sai Gon Thuong Tin Real Estate JSC (STC:SCR) 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.
Sai Gon Thuong Tin Real Estate JSC Piotroski F-Score Related Terms
Sai Gon Thuong Tin Real Estate JSC 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.
Sai Gon Thuong Tin Real Estate JSC Piotroski F-Score Chart
Sai Gon Thuong Tin Real Estate JSC Piotroski F-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Sai Gon Thuong Tin Real Estate JSC'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.
Sai Gon Thuong Tin Real Estate JSC Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sai Gon Thuong Tin Real Estate JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sai Gon Thuong Tin Real Estate JSC'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 1244.851 + 44134.717 + 12987.924 + 13069.36 = ₫71,437 Mil. Cash Flow from Operations was -179090.808 + -1122833.909 + -651380.927 + -237770.752 = ₫-2,191,076 Mil. Revenue was 431575.044 + 264324.802 + 150363.795 + 186008.226 = ₫1,032,272 Mil. Gross Profit was 244786.899 + 86223.728 + 40895.966 + 45007.403 = ₫416,914 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(13395543.367 + 13018882.846 + 12895731.329 + 13179705.371 + 13256521.823) / 5 = ₫13149276.9472 Mil. Total Assets at the begining of this year (Jun25) was ₫13,395,543 Mil. Long-Term Debt & Capital Lease Obligation was ₫2,876,986 Mil. Total Current Assets was ₫6,991,726 Mil. Total Current Liabilities was ₫3,928,704 Mil.
Net Income was 614.5 + 1114.852 + 1508.887 + 29441.651 = ₫32,680 Mil.
Revenue was 184417.273 + 470459.41 + 109898.767 + 409023.292 = ₫1,173,799 Mil. Gross Profit was 7362.261 + -102445.871 + 44138.276 + 29452.419 = ₫-21,493 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(10867799.381 + 10891509.39 + 11846890.655 + 11867193.509 + 13395543.367) / 5 = ₫11773787.2604 Mil. Total Assets at the begining of last year (Jun24) was ₫10,867,799 Mil. Long-Term Debt & Capital Lease Obligation was ₫2,230,420 Mil. Total Current Assets was ₫7,494,740 Mil. Total Current Liabilities was ₫4,383,944 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.
Sai Gon Thuong Tin Real Estate JSC's current Net Income (TTM) was 71,437.
==> 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.
Sai Gon Thuong Tin Real Estate JSC's current Cash Flow from Operations (TTM) was -2,191,076.
==> 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.
Sai Gon Thuong Tin Real Estate JSC's return on assets of this year was 0.00533288. Sai Gon Thuong Tin Real Estate JSC's return on assets of last year was 0.00300704.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sai Gon Thuong Tin Real Estate JSC's gearing of this year was 0.21879427. Sai Gon Thuong Tin Real Estate JSC's gearing of last year was 0.18943951.
==> 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
Sai Gon Thuong Tin Real Estate JSC's current ratio of this year was 1.77965195. Sai Gon Thuong Tin Real Estate JSC's current ratio of last year was 1.70958854.
==> 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.
Sai Gon Thuong Tin Real Estate JSC's number of shares in issue this year was 430.595. Sai Gon Thuong Tin Real Estate JSC's number of shares in issue last year was 430.595.
==> 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.
Sai Gon Thuong Tin Real Estate JSC's gross margin of this year was 0.40388003. Sai Gon Thuong Tin Real Estate JSC's gross margin of last year was -0.01831056.
==> 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
Sai Gon Thuong Tin Real Estate JSC's asset turnover of this year was 0.07706084. Sai Gon Thuong Tin Real Estate JSC's asset turnover of last year was 0.10800703.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
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Que. 2
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Que. 4
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1
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sai Gon Thuong Tin Real Estate JSC has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Sai Gon Thuong Tin Real Estate JSC (STC:SCR) has a Piotroski F-Score of 5 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sai Gon Thuong Tin Real Estate JSC and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Sai Gon Thuong Tin Real Estate JSC's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Sai Gon Thuong Tin Real Estate JSC ranks #704 out of 1753 companies in the Real Estate industry, placing it in the top 40.2%.
Is Sai Gon Thuong Tin Real Estate JSC's Piotroski F-Score too high?
Sai Gon Thuong Tin Real Estate JSC's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Real Estate industry median Piotroski F-Score is 5.00. Sai Gon Thuong Tin Real Estate JSC's value of 5 is 0% at this industry median. Based on the distribution chart, Sai Gon Thuong Tin Real Estate JSC ranks #704 out of 1753 companies in the Real Estate industry, which is above the industry midpoint. Overall, Sai Gon Thuong Tin Real Estate JSC has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sai Gon Thuong Tin Real Estate JSC's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Sai Gon Thuong Tin Real Estate JSC ranks #704 out of 1753 companies for Piotroski F-Score. This puts Sai Gon Thuong Tin Real Estate JSC in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sai Gon Thuong Tin Real Estate JSC's value of 5 is 0% at this benchmark. Historically, Sai Gon Thuong Tin Real Estate JSC's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Sai Gon Thuong Tin Real Estate JSC 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Sai Gon Thuong Tin Real Estate JSC's current Piotroski F-Score of 5 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 Sai Gon Thuong Tin Real Estate JSC 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. Sai Gon Thuong Tin Real Estate JSC's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sai Gon Thuong Tin Real Estate JSC stock overvalued right now?
Based on GuruFocus' analysis, Sai Gon Thuong Tin Real Estate JSC (STC:SCR) is currently considered Possible Value Trap. The stock's GF Value™ is ₫11,230.77, compared to a current price of ₫4,550.00 — trading 59.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Real Estate industry median of 5.00. Sai Gon Thuong Tin Real Estate JSC's overall GF Score™ is 64/100 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 Sai Gon Thuong Tin Real Estate JSC (STC:SCR), the current Piotroski F-Score is 5 as of Aug. 09, 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 Sai Gon Thuong Tin Real Estate JSC (STC:SCR) Overvalued in 2026?
Based on GuruFocus' analysis, Sai Gon Thuong Tin Real Estate JSC stock appears to be undervalued.
The current stock price of ₫4,550.00 is trading 59.5% below its estimated GF Value™ of ₫11,230.77.
GuruFocus considers Sai Gon Thuong Tin Real Estate JSC to be Possible Value Trap.
Key valuation signals for STC:SCR:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: ₫11,230.77 vs. price of ₫4,550.00 (59.5% below fair value)
Industry Position: 0% at the Real Estate median (#704 of 1753)
No single metric tells the full story. See the STC:SCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sai Gon Thuong Tin Real Estate JSC is engaged in trade in real estate, own land use rights, lease land use rights and houses, and invest and construct the infrastructure of industrial parks. The projects of the company are belleza apartment, carillon apartment, and hoa binh sacromreal project.
64GF Score
Get the complete analysis for STC:SCR
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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