Hansa Investment Co (CHIX:HANAL) Piotroski F-Score: 8 (As of Jul. 09, 2026) — 60% Above Median


CHIX:HANAL Hansa Investment Co Ltd CHIX:HANAL
50 GF Score
Price £2.28
GF Value £6.05
! 2 Warning Signs
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What is Hansa Investment Co Piotroski F-Score?

Hansa Investment Co CHIX:HANAL 50 Piotroski F-Score is 8 as of Jul. 09, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates CHIX:HANAL with a GF Score™ of 50/100 and a GF Value™ of £6.05. The stock has 2 warning signs investors should review. Among 1,601 Asset Management companies, Hansa Investment Co ranks worse than 56.9% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Hansa Investment Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Hansa Investment Co's Piotroski F-Score or its related term are showing as below:

CHIX:HANAl' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Hansa Investment Co was 8. The lowest was 4. And the median was 5.

Hansa Investment Co  (CHIX:HANAl) 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.


Hansa Investment Co Piotroski F-Score Related Terms


Hansa Investment Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hansa Investment Co'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.

Hansa Investment Co Piotroski F-Score Chart

Hansa Investment Co 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 5.00 5.00 6.00 4.00 8.00

Hansa Investment Co 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 6.00 0.00 4.00 0.00 8.00

CHIX:HANAL vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Hansa Investment Co'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.


Hansa Investment Co Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hansa Investment Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hansa Investment Co's Piotroski F-Score falls into.


CHIX:HANAL
50GF Score
Hansa Investment Co Ltd CHIX:HANAL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 £130.5 Mil.
Cash Flow from Operations was £191.4 Mil.
Revenue was £136.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (462.483 + 1026.41) / 2 = £744.4465 Mil.
Total Assets at the begining of this year (Mar25) was £462.5 Mil.
Long-Term Debt & Capital Lease Obligation was £0.0 Mil.
Total Assets was £1,026.4 Mil.
Total Liabilities was £46.8 Mil.
Net Income was £10.3 Mil.

Revenue was £12.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (454.968 + 462.483) / 2 = £458.7255 Mil.
Total Assets at the begining of last year (Mar24) was £455.0 Mil.
Long-Term Debt & Capital Lease Obligation was £0.0 Mil.
Total Assets was £462.5 Mil.
Total Liabilities was £1.4 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.

Hansa Investment Co's current Net Income (TTM) was 130.5. ==> 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.

Hansa Investment Co's current Cash Flow from Operations (TTM) was 191.4. ==> 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)
=130.516/462.483
=0.28220713

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10.276/454.968
=0.0225862

Hansa Investment Co's return on assets of this year was 0.28220713. Hansa Investment Co's return on assets of last year was 0.0225862. ==> 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.

Hansa Investment Co's current Net Income (TTM) was 130.5. Hansa Investment Co's current Cash Flow from Operations (TTM) was 191.4. ==> 191.4 > 130.5 ==> 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
=0/744.4465
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/458.7255
=0

Hansa Investment Co's gearing of this year was 0. Hansa Investment Co's gearing of last year was 0. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar26)=Total Assets/Total Liabilities
=1026.41/46.841
=21.91264064

Current Ratio (Last Year: Mar25)=Total Assets/Total Liabilities
=462.483/1.423
=325.00562193

Hansa Investment Co's current ratio of this year was 21.91264064. Hansa Investment Co's current ratio of last year was 325.00562193. ==> 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.

Hansa Investment Co's number of shares in issue this year was 120. Hansa Investment Co's number of shares in issue last year was 120. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=130.516/136.525
=0.95598608

Net Margin (Last Year: TTM)=Net Income/Revenue
=10.276/12.21
=0.84160524

Hansa Investment Co's net margin of this year was 0.95598608. Hansa Investment Co's net margin of last year was 0.84160524. ==> This year's net 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)
=136.525/462.483
=0.29520004

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12.21/454.968
=0.02683705

Hansa Investment Co's asset turnover of this year was 0.29520004. Hansa Investment Co's asset turnover of last year was 0.02683705. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

Hansa Investment Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Hansa Investment Co (CHIX:HANAL) has a Piotroski F-Score of 8 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hansa Investment Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Hansa Investment Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Hansa Investment Co ranks #911 out of 1601 companies in the Asset Management industry, placing it in the top 56.9%.
Is Hansa Investment Co's Piotroski F-Score too high?
Hansa Investment Co's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Hansa Investment Co's value of 8 is 60% above this industry median. Based on the distribution chart, Hansa Investment Co ranks #911 out of 1601 companies in the Asset Management industry, which is below the industry midpoint. Overall, Hansa Investment Co has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Hansa Investment Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Hansa Investment Co ranks #911 out of 1601 companies for Piotroski F-Score. This places Hansa Investment Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hansa Investment Co's value of 8 is 60% above this benchmark. Historically, Hansa Investment Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hansa Investment Co 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Hansa Investment Co's current Piotroski F-Score of 8 is 60% 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 Hansa Investment Co and its competitors. For the Asset Management 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. Hansa Investment Co's current Piotroski F-Score is 8, which is 60% 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 Hansa Investment Co stock overvalued right now?
Hansa Investment Co (CHIX:HANAL) has a current Piotroski F-Score of 8. The stock's GF Value™ is £6.05, compared to a current price of £2.28 — trading 62.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. Hansa Investment Co's overall GF Score™ is 50/100 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 Hansa Investment Co (CHIX:HANAL), the current Piotroski F-Score is 8 as of Jul. 09, 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 Hansa Investment Co (CHIX:HANAL) Overvalued in 2026?

Based on GuruFocus' analysis, Hansa Investment Co stock appears to be undervalued. The current stock price of £2.28 is trading 62.3% below its estimated GF Value™ of £6.05.

Key valuation signals for CHIX:HANAL:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: £6.05 vs. price of £2.28 (62.3% below fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 60% above the Asset Management median (#911 of 1601)

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


Hansa Investment Co Business Description

Other Exchanges HANA:UKHAN:UK
Address 2 Church Street, PO Box HM666, Clarendon House, Hamilton, BMU, HM CX
Hansa Investment Co Ltd is a United Kingdom-based investment trust company. Its investment portfolio comprises quoted and unquoted long-term, non-index correlated investments, which would not normally be available for investment to individual investors. The company invests in various sectors such as Industrials, Information Technology, Financials, Consumer Discretionary, Communications Services, Health Care, Real Estate, Consumer Staples, Materials and Energy. It is in the Middle East, East Africa, North America, Europe, Asia Pacific, Japan, and Others.
50GF Score

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

£2.28
Price
£6.05
GF Value