CHHGF (Chen Hsong Holdings) Piotroski F-Score: 6 (As of Aug. 06, 2026) — Near Median

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CHHGF Chen Hsong Holdings Ltd CHHGF
73 GF Score
Price $0.23
GF Value $0.24
! 6 Warning Signs
View Full Analysis

What is Chen Hsong Holdings Piotroski F-Score?

Chen Hsong Holdings CHHGF 73 Piotroski F-Score is 6 as of Aug. 06, 2026, which is at its 10-year median of 6.00. GuruFocus rates CHHGF with a GF Score™ of 73/100 and a GF Value™ of $0.24. The stock has 6 warning signs investors should review. Among 2,952 Industrial Products companies, Chen Hsong Holdings ranks better than 75.64% 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

Chen Hsong Holdings 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 Chen Hsong Holdings's Piotroski F-Score or its related term are showing as below:

CHHGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Chen Hsong Holdings was 8. The lowest was 3. And the median was 6.

Chen Hsong Holdings  (OTCPK:CHHGF) 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.


Chen Hsong Holdings Piotroski F-Score Related Terms


Chen Hsong Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chen Hsong 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.

Chen Hsong Holdings Piotroski F-Score Chart

Chen Hsong Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 7.00 5.00 6.00

Chen Hsong Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 7.00 0.00 5.00 0.00 6.00

CHHGF vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Chen Hsong 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.


Chen Hsong Holdings Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Hsong Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chen Hsong Holdings's Piotroski F-Score falls into.


CHHGF
73GF Score
Chen Hsong Holdings Ltd CHHGF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was $14.9 Mil.
Cash Flow from Operations was $64.4 Mil.
Revenue was $314.9 Mil.
Gross Profit was $75.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (560.797 + 594.08) / 2 = $577.4385 Mil.
Total Assets at the begining of this year (Mar25) was $560.8 Mil.
Long-Term Debt & Capital Lease Obligation was $1.3 Mil.
Total Current Assets was $428.2 Mil.
Total Current Liabilities was $166.0 Mil.
Net Income was $19.9 Mil.

Revenue was $333.8 Mil.
Gross Profit was $78.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (529.688 + 560.797) / 2 = $545.2425 Mil.
Total Assets at the begining of last year (Mar24) was $529.7 Mil.
Long-Term Debt & Capital Lease Obligation was $1.7 Mil.
Total Current Assets was $406.8 Mil.
Total Current Liabilities was $149.7 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.

Chen Hsong Holdings's current Net Income (TTM) was 14.9. ==> 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.

Chen Hsong Holdings's current Cash Flow from Operations (TTM) was 64.4. ==> 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 (Mar25)
=14.942/560.797
=0.02664422

ROA (Last Year)=Net Income/Total Assets (Mar24)
=19.862/529.688
=0.03749755

Chen Hsong Holdings's return on assets of this year was 0.02664422. Chen Hsong Holdings's return on assets of last year was 0.03749755. ==> 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.

Chen Hsong Holdings's current Net Income (TTM) was 14.9. Chen Hsong Holdings's current Cash Flow from Operations (TTM) was 64.4. ==> 64.4 > 14.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1.322/577.4385
=0.00228942

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.706/545.2425
=0.00312888

Chen Hsong Holdings's gearing of this year was 0.00228942. Chen Hsong Holdings's gearing of last year was 0.00312888. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=428.193/165.997
=2.57952252

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=406.753/149.748
=2.71624997

Chen Hsong Holdings's current ratio of this year was 2.57952252. Chen Hsong Holdings's current ratio of last year was 2.71624997. ==> 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.

Chen Hsong Holdings's number of shares in issue this year was 630.532. Chen Hsong Holdings's number of shares in issue last year was 630.532. ==> 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
=75.268/314.944
=0.23898852

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=78.447/333.822
=0.2349965

Chen Hsong Holdings's gross margin of this year was 0.23898852. Chen Hsong Holdings's gross margin of last year was 0.2349965. ==> 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 (Mar25)
=314.944/560.797
=0.56160072

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=333.822/529.688
=0.63022383

Chen Hsong Holdings's asset turnover of this year was 0.56160072. Chen Hsong Holdings's asset turnover of last year was 0.63022383. ==> 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+0+1+1+0
=6

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

Chen Hsong Holdings 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?
Chen Hsong Holdings (CHHGF) has a Piotroski F-Score of 6 as of Aug. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chen Hsong Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Chen Hsong Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Chen Hsong Holdings ranks #719 out of 2952 companies in the Industrial Products industry, placing it in the top 24.4%.
Is Chen Hsong Holdings' Piotroski F-Score too high?
Chen Hsong Holdings' current Piotroski F-Score of 6 is near 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 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Chen Hsong Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Chen Hsong Holdings ranks #719 out of 2952 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chen Hsong Holdings has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Chen Hsong Holdings' Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chen Hsong Holdings ranks #719 out of 2952 companies for Piotroski F-Score. This places Chen Hsong Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chen Hsong Holdings' value of 6 is 20% above this benchmark. Historically, Chen Hsong Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chen Hsong 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,952 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. Chen Hsong Holdings'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 Chen Hsong Holdings and its competitors. For the Industrial Products 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. Chen Hsong Holdings's current Piotroski F-Score is 6, which is near 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 Chen Hsong Holdings stock overvalued right now?
Chen Hsong Holdings (CHHGF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $0.24, compared to a current price of $0.23 — trading 3.8% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Industrial Products industry median of 5.00. Chen Hsong Holdings' overall GF Score™ is 73/100 with 6 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 Chen Hsong Holdings (CHHGF), the current Piotroski F-Score is 6 as of Aug. 06, 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 Chen Hsong Holdings (CHHGF) Overvalued in 2026?

Based on GuruFocus' analysis, Chen Hsong Holdings stock appears to be undervalued. The current stock price of $0.23 is trading 3.8% below its estimated GF Value™ of $0.24.

Key valuation signals for CHHGF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $0.24 vs. price of $0.23 (3.8% below fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 20% above the Industrial Products median (#719 of 2952)

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


Chen Hsong Holdings Business Description

Other Exchanges 00057:Hong Kong
Address 18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, HKG
Chen Hsong Holdings Ltd is an investment holding company which is engaged in the business of manufacture and sale of Plastic injection molding machines and related products. The company's services are used in automotive, packaging, home appliances, consumer electronics, mobile phones, and other businesses. The group operates through the geographic segments of Mainland China and Hong Kong, Taiwan, and Other Overseas Countries. The Mainland China and Hong Kong segment generates maximum revenue for the company.
73GF Score

Get the complete analysis for CHHGF

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

$0.23
Price
$0.24
GF Value