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hipages Group HoldingsASX:HPG +1.59%79 Piotroski F-Score is 7 as of Aug. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ASX:HPG with a GF Score™ of 79/100 and a GF Value™ of A$1.21 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,745 Software companies, hipages Group Holdings ranks better than 92.13% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
hipages Group Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for hipages Group Holdings's Piotroski F-Score or its related term are showing as below:
ASX:HPG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 7
Current: 7
During the past 7 years, the highest Piotroski F-Score of hipages Group Holdings was 7. The lowest was 3. And the median was 6.
hipages Group Holdings (ASX:HPG) 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.
hipages Group Holdings Piotroski F-Score Related Terms
hipages Group Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for hipages Group 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.
ASX:HPG vs QH, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, hipages Group 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.
hipages Group Holdings Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, hipages Group Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where hipages Group Holdings'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.
hipages Group Holdings's current Net Income (TTM) was 15.01.
==> 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.
hipages Group Holdings's current Cash Flow from Operations (TTM) was 26.35.
==> 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.
hipages Group Holdings's return on assets of this year was 0.22170369. hipages Group Holdings's return on assets of last year was 0.03745436.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
hipages Group Holdings's gearing of this year was 0.07216133. hipages Group Holdings's gearing of last year was 0.1084221.
==> 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
hipages Group Holdings's current ratio of this year was 2.26427856. hipages Group Holdings's current ratio of last year was 1.84265555.
==> 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.
hipages Group Holdings's number of shares in issue this year was 136.846. hipages Group Holdings's number of shares in issue last year was 135.795.
==> 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.
hipages Group Holdings's gross margin of this year was 1. hipages Group Holdings's gross margin of last year was 1.
==> Last year's gross margin is higher ==> Score 0.
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
hipages Group Holdings's asset turnover of this year was 1.33753249. hipages Group Holdings's asset turnover of last year was 1.30300418.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
hipages Group Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
hipages Group Holdings (ASX:HPG) has a Piotroski F-Score of 7 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on hipages Group Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, hipages Group Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, hipages Group Holdings ranks #216 out of 2745 companies in the Software industry, placing it in the top 7.9%.
Is hipages Group Holdings' Piotroski F-Score too high?
hipages Group Holdings' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. hipages Group Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, hipages Group Holdings ranks #216 out of 2745 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, hipages Group Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does hipages Group Holdings' Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, hipages Group Holdings ranks #216 out of 2745 companies for Piotroski F-Score. This places hipages Group Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. hipages Group Holdings' value of 7 is 40% above this benchmark. Historically, hipages Group Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, hipages Group 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,745 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. hipages Group Holdings's current Piotroski F-Score of 7 is 40% 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 hipages Group Holdings and its competitors. For the Software 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. hipages Group Holdings's current Piotroski F-Score is 7, which is 17% above 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 hipages Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, hipages Group Holdings (ASX:HPG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.21, compared to a current price of A$0.96 — trading 20.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. hipages Group Holdings' overall GF Score™ is 79/100 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 hipages Group Holdings (ASX:HPG), the current Piotroski F-Score is 7 as of Aug. 27, 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 hipages Group Holdings (ASX:HPG) Overvalued in 2026?
Based on GuruFocus' analysis, hipages Group Holdings stock appears to be undervalued.
The current stock price of A$0.96 is trading 20.7% below its estimated GF Value™ of A$1.21.
GuruFocus considers hipages Group Holdings to be Modestly Undervalued.
Key valuation signals for ASX:HPG:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: A$1.21 vs. price of A$0.96 (20.7% below fair value)
Industry Position: 40% above the Software median (#216 of 2745)
No single metric tells the full story. See the ASX:HPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (Hipages online tradie platform) and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.
79GF Score
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