CAOVF (China Overseas Land & Investment) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


CAOVF China Overseas Land & Investment Ltd CAOVF
72 GF Score
Price $2.05
GF Value $1.61
Valuation Modestly Overvalued
! 5 Warning Signs
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What is China Overseas Land & Investment Piotroski F-Score?

China Overseas Land & Investment CAOVF 72 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates CAOVF with a GF Score™ of 72/100 and a GF Value™ of $1.61 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, China Overseas Land & Investment ranks better than 79.84% 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

China Overseas Land & Investment 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 China Overseas Land & Investment's Piotroski F-Score or its related term are showing as below:

CAOVF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of China Overseas Land & Investment was 6. The lowest was 3. And the median was 5.

China Overseas Land & Investment  (OTCPK:CAOVF) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


China Overseas Land & Investment Piotroski F-Score Related Terms


China Overseas Land & Investment Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Overseas Land & Investment'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.

China Overseas Land & Investment Piotroski F-Score Chart

China Overseas Land & Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 6.00 6.00 6.00

China Overseas Land & Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 6.00 0.00 6.00

China Overseas Land & Investment Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, China Overseas Land & Investment'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.


China Overseas Land & Investment Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Land & Investment's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Overseas Land & Investment's Piotroski F-Score falls into.


CAOVF
72GF Score
China Overseas Land & Investment Ltd CAOVF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $1,802 Mil.
Cash Flow from Operations was $2,376 Mil.
Revenue was $23,865 Mil.
Gross Profit was $3,701 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (124800.415 + 130011.549) / 2 = $127405.982 Mil.
Total Assets at the begining of this year (Dec24) was $124,800 Mil.
Long-Term Debt & Capital Lease Obligation was $29,148 Mil.
Total Current Assets was $91,666 Mil.
Total Current Liabilities was $37,283 Mil.
Net Income was $2,148 Mil.

Revenue was $25,431 Mil.
Gross Profit was $4,500 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (129352.692 + 124800.415) / 2 = $127076.5535 Mil.
Total Assets at the begining of last year (Dec23) was $129,353 Mil.
Long-Term Debt & Capital Lease Obligation was $29,371 Mil.
Total Current Assets was $87,792 Mil.
Total Current Liabilities was $36,429 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.

China Overseas Land & Investment's current Net Income (TTM) was 1,802. ==> 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.

China Overseas Land & Investment's current Cash Flow from Operations (TTM) was 2,376. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=1801.906/124800.415
=0.0144383

ROA (Last Year)=Net Income/Total Assets (Dec23)
=2147.549/129352.692
=0.01660228

China Overseas Land & Investment's return on assets of this year was 0.0144383. China Overseas Land & Investment's return on assets of last year was 0.01660228. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

China Overseas Land & Investment's current Net Income (TTM) was 1,802. China Overseas Land & Investment's current Cash Flow from Operations (TTM) was 2,376. ==> 2,376 > 1,802 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=29148.269/127405.982
=0.22878258

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=29370.729/127076.5535
=0.23112626

China Overseas Land & Investment's gearing of this year was 0.22878258. China Overseas Land & Investment's gearing of last year was 0.23112626. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=91666.286/37282.665
=2.45868384

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=87791.552/36429.412
=2.40990857

China Overseas Land & Investment's current ratio of this year was 2.45868384. China Overseas Land & Investment's current ratio of last year was 2.40990857. ==> 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.

China Overseas Land & Investment's number of shares in issue this year was 10944.884. China Overseas Land & Investment's number of shares in issue last year was 10944.884. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=3700.655/23865.397
=0.15506363

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4500.208/25430.8
=0.17695896

China Overseas Land & Investment's gross margin of this year was 0.15506363. China Overseas Land & Investment's gross margin of last year was 0.17695896. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=23865.397/124800.415
=0.19122851

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=25430.8/129352.692
=0.19660047

China Overseas Land & Investment's asset turnover of this year was 0.19122851. China Overseas Land & Investment's asset turnover of last year was 0.19660047. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+0+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

China Overseas Land & Investment has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
China Overseas Land & Investment (CAOVF) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Overseas Land & Investment and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, China Overseas Land & Investment's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, China Overseas Land & Investment ranks #354 out of 1756 companies in the Real Estate industry, placing it in the top 20.2%.
Is China Overseas Land & Investment's Piotroski F-Score too high?
China Overseas Land & Investment's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. China Overseas Land & Investment's value of 6 is 20% above this industry median. Based on the distribution chart, China Overseas Land & Investment ranks #354 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, China Overseas Land & Investment has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Overseas Land & Investment's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, China Overseas Land & Investment ranks #354 out of 1756 companies for Piotroski F-Score. This places China Overseas Land & Investment in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China Overseas Land & Investment's value of 6 is 20% above this benchmark. Historically, China Overseas Land & Investment's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, China Overseas Land & Investment 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. China Overseas Land & Investment'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 China Overseas Land & Investment 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. China Overseas Land & Investment's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Overseas Land & Investment stock overvalued right now?
Based on GuruFocus' analysis, China Overseas Land & Investment (CAOVF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.61, compared to a current price of $2.05 — trading 27% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Real Estate industry median of 5.00. China Overseas Land & Investment's overall GF Score™ is 72/100 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 China Overseas Land & Investment (CAOVF), the current Piotroski F-Score is 6 as of Jun. 25, 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 China Overseas Land & Investment (CAOVF) Overvalued in 2026?

Based on GuruFocus' analysis, China Overseas Land & Investment stock appears to be overvalued. The current stock price of $2.05 is trading 27% above its estimated GF Value™ of $1.61. GuruFocus considers China Overseas Land & Investment to be Modestly Overvalued.

Key valuation signals for CAOVF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $1.61 vs. price of $2.05 (27% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 20% above the Real Estate median (#354 of 1756)

No single metric tells the full story. See the CAOVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Overseas Land & Investment Business Description

Address 1 Queen\'s Road East, 10th Floor, Three Pacific Place, Hong Kong, HKG
China Overseas Land & Investment is a large real estate developer in China. Property development accounts for most of the earnings, with property sales scale among the top five of all peers regarding contracted sales. In addition to property development, COLI has actively grown its commercial property portfolio, with a dual focus on offices and shopping malls for recurring income. COLI is a subsidiary of China State Construction Engineering, China's largest construction firm. It also holds about a 40% stake in China Overseas Grand Oceans, a real estate developer focusing on lower-tier cities in China.
72GF Score

Get the complete analysis for CAOVF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.05
Price
$1.61
GF Value