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China Aoyuan GroupCAOYF 12 Piotroski F-Score is 4 as of Aug. 31, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates CAOYF with a GF Score™ of 12/100 and a GF Value™ of $0.40. The stock has 2 warning signs investors should review. Among 1,751 Real Estate companies, China Aoyuan Group ranks worse than 62.65% 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 Aoyuan Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for China Aoyuan Group's Piotroski F-Score or its related term are showing as below:
CAOYF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of China Aoyuan Group was 6. The lowest was 2. And the median was 3.
China Aoyuan Group (OTCPK:CAOYF) 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.
China Aoyuan Group Piotroski F-Score Related Terms
China Aoyuan Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for China Aoyuan Group'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 Aoyuan Group Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, China Aoyuan Group'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 Aoyuan Group Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, China Aoyuan Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Aoyuan Group'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.
China Aoyuan Group's current Net Income (TTM) was -2,522.
==> 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.
China Aoyuan Group's return on assets of this year was -0.11512449. China Aoyuan Group's return on assets of last year was 0.00017233.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Aoyuan Group's gearing of this year was 0.11637254. China Aoyuan Group's gearing of last year was 0.11735101.
==> 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
China Aoyuan Group's current ratio of this year was 0.74394623. China Aoyuan Group's current ratio of last year was 0.87688473.
==> 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.
China Aoyuan Group's number of shares in issue this year was 5544.574. China Aoyuan Group's number of shares in issue last year was 4912.585.
==> 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.
China Aoyuan Group's gross margin of this year was -0.77408161. China Aoyuan Group's gross margin of last year was -1.67327445.
==> 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
China Aoyuan Group's asset turnover of this year was 0.05998397. China Aoyuan Group's asset turnover of last year was 0.04759037.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Aoyuan Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
China Aoyuan Group (CAOYF) has a Piotroski F-Score of 4 as of Aug. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Aoyuan Group and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, China Aoyuan Group's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, China Aoyuan Group ranks #1097 out of 1751 companies in the Real Estate industry, placing it in the top 62.6%.
Is China Aoyuan Group's Piotroski F-Score too high?
China Aoyuan Group's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. China Aoyuan Group's value of 4 is 20% below this industry median. Based on the distribution chart, China Aoyuan Group ranks #1097 out of 1751 companies in the Real Estate industry, which is below the industry midpoint. Overall, China Aoyuan Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does China Aoyuan Group's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, China Aoyuan Group ranks #1097 out of 1751 companies for Piotroski F-Score. This places China Aoyuan Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. China Aoyuan Group's value of 4 is 20% below this benchmark. Historically, China Aoyuan Group'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 3.00 vs. the industry median of 5.00, China Aoyuan Group has consistently been below 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 1,751 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 Aoyuan Group's current Piotroski F-Score of 4 is 20% below 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 Aoyuan Group 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 Aoyuan Group's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Aoyuan Group stock overvalued right now?
China Aoyuan Group (CAOYF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $0.40, compared to a current price of $0.21 — trading 48.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Real Estate industry median of 5.00. China Aoyuan Group's overall GF Score™ is 12/100 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 China Aoyuan Group (CAOYF), the current Piotroski F-Score is 4 as of Aug. 31, 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 Aoyuan Group (CAOYF) Overvalued in 2026?
Based on GuruFocus' analysis, China Aoyuan Group stock appears to be undervalued.
The current stock price of $0.21 is trading 48.3% below its estimated GF Value™ of $0.40.
Key valuation signals for CAOYF:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: $0.40 vs. price of $0.21 (48.3% below fair value)
Industry Position: 20% below the Real Estate median (#1097 of 1751)
No single metric tells the full story. See the CAOYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Aoyuan Group Ltd is a developer and operator of composite real estate in China. It is also engaged in the health-themed related industries to promote a healthy lifestyle in the city. Its segments include Property development engaged in development and sale of properties; Property investment engaged in lease of investment properties; and Others engaged in hotel operation, provision of services and sales of goods. It derives the majority of the revenue from Property development segment. Geographically, it operates in Mainland China, Hong Kong, and Canda with majority of revenue deriving from Mainland China.
12GF Score
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