CHKHF (Chi Kan Holdings) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


What is Chi Kan Holdings Piotroski F-Score?

Chi Kan Holdings CHKHF 62 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates CHKHF with a GF Score™ of 62/100. The stock has 3 warning signs investors should review. Among 1,735 Construction companies, Chi Kan Holdings ranks better than 89.39% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Chi Kan Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Chi Kan Holdings's Piotroski F-Score or its related term are showing as below:

CHKHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Chi Kan Holdings was 7. The lowest was 4. And the median was 6.

Chi Kan Holdings  (OTCPK:CHKHF) 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.


Chi Kan Holdings Piotroski F-Score Related Terms


Chi Kan Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chi Kan 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.

Chi Kan Holdings Piotroski F-Score Chart

Chi Kan Holdings Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 6.00 5.00 7.00 0.00

Chi Kan Holdings Semi-Annual Data
Mar18 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 5.00 0.00 7.00 0.00 0.00

CHKHF vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Chi Kan 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.


Chi Kan Holdings Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $-0.99 Mil.
Cash Flow from Operations was $3.16 Mil.
Revenue was $181.99 Mil.
Gross Profit was $46.85 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (79.54 + 68.722) / 2 = $74.131 Mil.
Total Assets at the begining of this year (Mar24) was $79.54 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $68.48 Mil.
Total Current Liabilities was $7.75 Mil.
Net Income was $3.59 Mil.

Revenue was $196.71 Mil.
Gross Profit was $31.46 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (90.658 + 79.54) / 2 = $85.099 Mil.
Total Assets at the begining of last year (Mar23) was $90.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.11 Mil.
Total Current Assets was $78.92 Mil.
Total Current Liabilities was $18.13 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.

Chi Kan Holdings's current Net Income (TTM) was -0.99. ==> 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.

Chi Kan Holdings's current Cash Flow from Operations (TTM) was 3.16. ==> 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 (Mar24)
=-0.989/79.54
=-0.012434

ROA (Last Year)=Net Income/Total Assets (Mar23)
=3.593/90.658
=0.03963246

Chi Kan Holdings's return on assets of this year was -0.012434. Chi Kan Holdings's return on assets of last year was 0.03963246. ==> 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.

Chi Kan Holdings's current Net Income (TTM) was -0.99. Chi Kan Holdings's current Cash Flow from Operations (TTM) was 3.16. ==> 3.16 > -0.99 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.031/74.131
=0.00041818

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.111/85.099
=0.00130436

Chi Kan Holdings's gearing of this year was 0.00041818. Chi Kan Holdings's gearing of last year was 0.00130436. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=68.478/7.754
=8.83131287

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=78.923/18.134
=4.35221132

Chi Kan Holdings's current ratio of this year was 8.83131287. Chi Kan Holdings's current ratio of last year was 4.35221132. ==> 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.

Chi Kan Holdings's number of shares in issue this year was 1000. Chi Kan Holdings's number of shares in issue last year was 1000. ==> 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
=46.851/181.987
=0.25744147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=31.458/196.709
=0.15992151

Chi Kan Holdings's gross margin of this year was 0.25744147. Chi Kan Holdings's gross margin of last year was 0.15992151. ==> 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 (Mar24)
=181.987/79.54
=2.28799346

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=196.709/90.658
=2.16979197

Chi Kan Holdings's asset turnover of this year was 2.28799346. Chi Kan Holdings's asset turnover of last year was 2.16979197. ==> 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
=0+1+0+1+1+1+1+1+1
=7

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

Chi Kan Holdings has an F-score of 7. 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 7 mean?
Chi Kan Holdings (CHKHF) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chi Kan Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Chi Kan Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Chi Kan Holdings ranks #184 out of 1735 companies in the Construction industry, placing it in the top 10.6%.
Is Chi Kan Holdings' Piotroski F-Score too high?
Chi Kan Holdings' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Chi Kan Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Chi Kan Holdings ranks #184 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Chi Kan Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Chi Kan Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Chi Kan Holdings ranks #184 out of 1735 companies for Piotroski F-Score. This places Chi Kan Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chi Kan Holdings' value of 7 is 40% above this benchmark. Historically, Chi Kan Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chi Kan 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 a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Chi Kan Holdings's current Piotroski F-Score of 7 is 40% 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 Chi Kan Holdings and its competitors. For the Construction 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. Chi Kan Holdings's current Piotroski F-Score is 7, which is 17% above 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 Chi Kan Holdings stock overvalued right now?
Chi Kan Holdings (CHKHF) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Chi Kan Holdings' overall GF Score™ is 62/100 with 3 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 Chi Kan Holdings (CHKHF), the current Piotroski F-Score is 7 as of Jun. 27, 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.

Chi Kan Holdings Business Description

Other Exchanges 09913:Hong Kong
Address 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG
Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminum and steel. It also engages in the E-commerce business in the People's Republic of China which includes online trading of products. The company's operating segments are; Construction business which generates maximum revenue; and the E-commerce business. Geographically, it derives key revenue from Hong Kong.