Stocktoria
FBS Global Ltd FBGL
FBS Global Ltd (FBGL) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $19.1M at a -7.9% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.01 — grey zone (between the usual thresholds). A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
How it ranks in Construction · percentile among 69 companies
Percentile vs other Construction companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.324 |
| Retained earnings / assets | -0.017 |
| EBIT / assets | -0.069 |
| Equity / liabilities | 0.868 |
Sector peers · similar-size Construction companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FBGL | FBS Global Ltd | 4/9 | 2.51 | — | +84.3% |
| SPHL | SPRINGVIEW HOLDINGS LTD | 5/9 | 3.96 | — | — |
| NELR | Neolara Corp. | 3/9 | — | — | — |
| ONEG | OneConstruction Group Ltd | 3/9 | 5.35 | — | -7.2% |
| GEO | GEO GROUP INC | 7/9 | 1.99 | 15.9 | +8.6% |
| IBP | Installed Building Products, Inc. | 8/9 | 5.66 | 23.7 | +1% |
| LEN | LENNAR CORP /NEW/ | 4/9 | — | 11.1 | -3.5% |
About FBS Global Ltd
FBS Global Limited, an investment holding company, together with its subsidiaries, operates as a green building contractor in Singapore. The company provides construction and engineering services, including the supply of building materials and precast concrete components, recycling of construction and industrial wastes, research, and development, as well as pavement consultancy services. It also engages in the design, supply, and installation of ceilings, partitions, timber deck, carpet, lead lining, acoustic wall panel, built-in furnishings, and carpentry; and provision of mechanical and electrical services of a building. The company undertakes interior fit-out works for institutional, residential, commercial, and industrial building projects. FBS Global Limited was founded in 1996 and is based in Singapore.
FAQ
Is FBGL financially healthy?
FBS Global Ltd's Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does FBGL pay a dividend?
No, FBS Global Ltd does not currently pay a dividend.
How profitable is FBGL?
In FY2025, FBS Global Ltd had a net margin of -7.9% and a return on equity of -15.7%.
Is FBGL a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on FBS Global Ltd: a Piotroski F-score of 4/9, an Altman Z″ in the grey zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.