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.
Hanman FitBOM:538731 31 Piotroski F-Score is 6 as of Aug. 05, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates BOM:538731 with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 834 Travel & Leisure companies, Hanman Fit ranks better than 72.78% 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
Hanman Fit 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 Hanman Fit's Piotroski F-Score or its related term are showing as below:
BOM:538731'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of Hanman Fit was 6. The lowest was 2. And the median was 4.
Hanman Fit (BOM:538731) 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.
Hanman Fit Piotroski F-Score Related Terms
Hanman Fit Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hanman Fit'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.
BOM:538731 vs AS, HAS, LTH: Piotroski F-Score Comparison
For the Leisure subindustry, Hanman Fit'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.
Hanman Fit Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Hanman Fit's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hanman Fit'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.
Hanman Fit's current Net Income (TTM) was -1.05.
==> Negative ==> Score 0.
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.
Hanman Fit's return on assets of this year was -0.04138013. Hanman Fit's return on assets of last year was -0.24126275.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hanman Fit's current ratio of this year was 0.32347809. Hanman Fit's current ratio of last year was 0.33577747.
==> Last year's current ratio is higher ==> Score 0.
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.
Hanman Fit's number of shares in issue this year was 10.47. Hanman Fit's number of shares in issue last year was 10.523.
==> 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.
Hanman Fit's gross margin of this year was 1. Hanman Fit'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
Hanman Fit's asset turnover of this year was 0.08299739. Hanman Fit's asset turnover of last year was 0.00896505.
==> 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
=
0
+
1
+
1
+
1
+
1
+
0
+
1
+
0
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hanman Fit has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Hanman Fit (BOM:538731) has a Piotroski F-Score of 6 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hanman Fit and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Hanman Fit's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Hanman Fit ranks #227 out of 834 companies in the Travel & Leisure industry, placing it in the top 27.2%.
Is Hanman Fit's Piotroski F-Score too high?
Hanman Fit's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Hanman Fit's value of 6 is 20% above this industry median. Based on the distribution chart, Hanman Fit ranks #227 out of 834 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Hanman Fit has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Hanman Fit's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Hanman Fit ranks #227 out of 834 companies for Piotroski F-Score. This puts Hanman Fit in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hanman Fit's value of 6 is 20% above this benchmark. Historically, Hanman Fit's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Hanman Fit 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 834 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. Hanman Fit'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 Hanman Fit and its competitors. For the Travel & Leisure 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. Hanman Fit's current Piotroski F-Score is 6, which is 50% 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 Hanman Fit stock overvalued right now?
Hanman Fit (BOM:538731) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Travel & Leisure industry median of 5.00. Hanman Fit's overall GF Score™ is 31/100 with 2 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 Hanman Fit (BOM:538731), the current Piotroski F-Score is 6 as of Aug. 05, 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.
Hanman Fit Ltd is involved in the gym business and also engaged in trading activities. It is mainly focused on providing gymming experience, facilitated by the professional trainers. The company provides diverse fitness services apart from the standard gymming and fitness solutions like Zumba Programme, Spa, Massage, Aerobics, Yoga, Physiotherapy, and many more. It generates revenue mainly from charging gym membership fees from customers.
31GF Score
Get the complete analysis for BOM:538731
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
BOM:538731 has been successfully added to your 
