CEBTF (Citychamp Watch & Jewellery Group) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 20% Above Median


What is Citychamp Watch & Jewellery Group Piotroski F-Score?

Citychamp Watch & Jewellery Group CEBTF Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. The stock has 4 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Citychamp Watch & Jewellery Group ranks better than 73.12% 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

Citychamp Watch & Jewellery Group 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 Citychamp Watch & Jewellery Group's Piotroski F-Score or its related term are showing as below:

CEBTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Citychamp Watch & Jewellery Group was 7. The lowest was 3. And the median was 5.

Citychamp Watch & Jewellery Group  (OTCPK:CEBTF) 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.


Citychamp Watch & Jewellery Group Piotroski F-Score Related Terms


Citychamp Watch & Jewellery Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Citychamp Watch & Jewellery 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.

Citychamp Watch & Jewellery Group Piotroski F-Score Chart

Citychamp Watch & Jewellery Group 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 6.00 3.00 6.00 4.00 6.00

Citychamp Watch & Jewellery Group 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 4.00 0.00 6.00

CEBTF vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Citychamp Watch & Jewellery 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.


Citychamp Watch & Jewellery Group Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Citychamp Watch & Jewellery Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Citychamp Watch & Jewellery Group's Piotroski F-Score falls into.


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 $-27.3 Mil.
Cash Flow from Operations was $8.8 Mil.
Revenue was $167.4 Mil.
Gross Profit was $89.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2310.935 + 2647.238) / 2 = $2479.0865 Mil.
Total Assets at the begining of this year (Dec24) was $2,310.9 Mil.
Long-Term Debt & Capital Lease Obligation was $74.6 Mil.
Total Current Assets was $1,638.1 Mil.
Total Current Liabilities was $2,030.8 Mil.
Net Income was $-32.7 Mil.

Revenue was $204.0 Mil.
Gross Profit was $104.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2116.7 + 2310.935) / 2 = $2213.8175 Mil.
Total Assets at the begining of last year (Dec23) was $2,116.7 Mil.
Long-Term Debt & Capital Lease Obligation was $85.9 Mil.
Total Current Assets was $1,523.1 Mil.
Total Current Liabilities was $1,718.2 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.

Citychamp Watch & Jewellery Group's current Net Income (TTM) was -27.3. ==> 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.

Score 1 if positive, 0 if negative.

Citychamp Watch & Jewellery Group's current Cash Flow from Operations (TTM) was 8.8. ==> 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)
=-27.324/2310.935
=-0.01182379

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-32.685/2116.7
=-0.01544149

Citychamp Watch & Jewellery Group's return on assets of this year was -0.01182379. Citychamp Watch & Jewellery Group's return on assets of last year was -0.01544149. ==> This year is higher. ==> Score 1.

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.

Citychamp Watch & Jewellery Group's current Net Income (TTM) was -27.3. Citychamp Watch & Jewellery Group's current Cash Flow from Operations (TTM) was 8.8. ==> 8.8 > -27.3 ==> 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
=74.641/2479.0865
=0.03010827

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=85.863/2213.8175
=0.03878504

Citychamp Watch & Jewellery Group's gearing of this year was 0.03010827. Citychamp Watch & Jewellery Group's gearing of last year was 0.03878504. ==> 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
=1638.054/2030.792
=0.80660846

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1523.068/1718.165
=0.88645037

Citychamp Watch & Jewellery Group's current ratio of this year was 0.80660846. Citychamp Watch & Jewellery Group's current ratio of last year was 0.88645037. ==> 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.

Citychamp Watch & Jewellery Group's number of shares in issue this year was 4351.889. Citychamp Watch & Jewellery Group's number of shares in issue last year was 4351.889. ==> 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
=89.569/167.443
=0.53492233

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=104.07/203.95
=0.51027213

Citychamp Watch & Jewellery Group's gross margin of this year was 0.53492233. Citychamp Watch & Jewellery Group's gross margin of last year was 0.51027213. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=167.443/2310.935
=0.07245682

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=203.95/2116.7
=0.09635281

Citychamp Watch & Jewellery Group's asset turnover of this year was 0.07245682. Citychamp Watch & Jewellery Group's asset turnover of last year was 0.09635281. ==> 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
=0+1+1+1+1+0+1+1+0
=6

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

Citychamp Watch & Jewellery Group 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?
Citychamp Watch & Jewellery Group (CEBTF) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Citychamp Watch & Jewellery Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Citychamp Watch & Jewellery Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Citychamp Watch & Jewellery Group ranks #296 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 26.9%.
Is Citychamp Watch & Jewellery Group's Piotroski F-Score too high?
Citychamp Watch & Jewellery Group'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 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Citychamp Watch & Jewellery Group's value of 6 is 20% above this industry median. Based on the distribution chart, Citychamp Watch & Jewellery Group ranks #296 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does Citychamp Watch & Jewellery Group's Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Citychamp Watch & Jewellery Group ranks #296 out of 1101 companies for Piotroski F-Score. This puts Citychamp Watch & Jewellery Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Citychamp Watch & Jewellery Group's value of 6 is 20% above this benchmark. Historically, Citychamp Watch & Jewellery Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Citychamp Watch & Jewellery Group 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Citychamp Watch & Jewellery Group'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 Citychamp Watch & Jewellery Group and its competitors. For the Retail - Cyclical 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. Citychamp Watch & Jewellery Group'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 Citychamp Watch & Jewellery Group stock overvalued right now?
Based on GuruFocus' analysis, Citychamp Watch & Jewellery Group (CEBTF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.06, compared to a current price of $0.01 — trading 83.3% below 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 Retail - Cyclical industry median of 5.00. 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 Citychamp Watch & Jewellery Group (CEBTF), the current Piotroski F-Score is 6 as of Jun. 24, 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.

Citychamp Watch & Jewellery Group Business Description

Other Exchanges 00256:Hong Kong
Address 1 Austin Road West, Units 1902-04, Level 19, International Commerce Centre, Kowloon, Hong Kong, HKG
Citychamp Watch & Jewellery Group Ltd is an investment holding company engaged in the segments of manufacturing and distribution of watches, timepieces and watch accessories, property investments, and banking and financial businesses, which generate maximum revenue. Its brands include Corum, Eterna, Rotary, Dreyfuss & Co, J&T Windmills, Rossini, and EBOHR. The products are sold in Mainland China and overseas through self-owned shops and distributors. The company generates maximum revenue from Liechtenstein.