CHRHF (Chervon Holdings) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


CHRHF Chervon Holdings Ltd CHRHF
80 GF Score
Price $1.93
GF Value $2.58
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Chervon Holdings Piotroski F-Score?

Chervon Holdings CHRHF 80 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates CHRHF with a GF Score™ of 80/100 and a GF Value™ of $2.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,979 Industrial Products companies, Chervon Holdings ranks better than 56.66% 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

Chervon Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

CHRHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of Chervon Holdings was 8. The lowest was 1. And the median was 6.

Chervon Holdings  (OTCPK:CHRHF) 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.


Chervon Holdings Piotroski F-Score Related Terms


Chervon Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chervon 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.

Chervon Holdings Piotroski F-Score Chart

Chervon Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 8.00 4.00 1.00 7.00 5.00

Chervon Holdings Semi-Annual Data
Dec18 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 1.00 0.00 7.00 0.00 5.00

CHRHF vs SNA, RBC, LECO: Piotroski F-Score Comparison

For the Tools & Accessories subindustry, Chervon 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.


Chervon Holdings Piotroski F-Score vs Industrial Products Industry

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

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


CHRHF
80GF Score
Chervon Holdings Ltd CHRHF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $98 Mil.
Cash Flow from Operations was $229 Mil.
Revenue was $1,628 Mil.
Gross Profit was $536 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1992.297 + 1843.935) / 2 = $1918.116 Mil.
Total Assets at the begining of this year (Dec24) was $1,992 Mil.
Long-Term Debt & Capital Lease Obligation was $163 Mil.
Total Current Assets was $1,371 Mil.
Total Current Liabilities was $630 Mil.
Net Income was $112 Mil.

Revenue was $1,774 Mil.
Gross Profit was $616 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1796.385 + 1992.297) / 2 = $1894.341 Mil.
Total Assets at the begining of last year (Dec23) was $1,796 Mil.
Long-Term Debt & Capital Lease Obligation was $112 Mil.
Total Current Assets was $1,514 Mil.
Total Current Liabilities was $783 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.

Chervon Holdings's current Net Income (TTM) was 98. ==> 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.

Chervon Holdings's current Cash Flow from Operations (TTM) was 229. ==> 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)
=97.6/1992.297
=0.04898868

ROA (Last Year)=Net Income/Total Assets (Dec23)
=112.474/1796.385
=0.0626113

Chervon Holdings's return on assets of this year was 0.04898868. Chervon Holdings's return on assets of last year was 0.0626113. ==> 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.

Chervon Holdings's current Net Income (TTM) was 98. Chervon Holdings's current Cash Flow from Operations (TTM) was 229. ==> 229 > 98 ==> 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
=163.269/1918.116
=0.08511946

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=111.702/1894.341
=0.05896615

Chervon Holdings's gearing of this year was 0.08511946. Chervon Holdings's gearing of last year was 0.05896615. ==> Last year is lower than this year ==> Score 0.

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
=1371.361/630.158
=2.17621771

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1513.53/782.968
=1.93306751

Chervon Holdings's current ratio of this year was 2.17621771. Chervon Holdings's current ratio of last year was 1.93306751. ==> 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.

Chervon Holdings's number of shares in issue this year was 508.795. Chervon Holdings's number of shares in issue last year was 510.493. ==> 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
=535.884/1627.785
=0.32921055

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=615.681/1773.773
=0.34710248

Chervon Holdings's gross margin of this year was 0.32921055. Chervon Holdings's gross margin of last year was 0.34710248. ==> Last year's gross margin is higher ==> Score 0.

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)
=1627.785/1992.297
=0.81703933

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1773.773/1796.385
=0.9874125

Chervon Holdings's asset turnover of this year was 0.81703933. Chervon Holdings's asset turnover of last year was 0.9874125. ==> 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+0+1+1+0+0
=5

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

Chervon Holdings has an F-score of 5 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 5 mean?
Chervon Holdings (CHRHF) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chervon Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Chervon Holdings' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Chervon Holdings ranks #1291 out of 2979 companies in the Industrial Products industry, placing it in the top 43.3%.
Is Chervon Holdings' Piotroski F-Score too high?
Chervon Holdings' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Chervon Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Chervon Holdings ranks #1291 out of 2979 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Chervon Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chervon Holdings' Piotroski F-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Chervon Holdings ranks #1291 out of 2979 companies for Piotroski F-Score. This puts Chervon Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Chervon Holdings' value of 5 is 0% at this benchmark. Historically, Chervon Holdings' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chervon Holdings has consistently been at 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 2,979 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. Chervon Holdings's current Piotroski F-Score of 5 is 0% at 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 Chervon 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. Chervon Holdings's current Piotroski F-Score is 5, which is 17% below 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 Chervon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Chervon Holdings (CHRHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.58, compared to a current price of $1.93 — trading 25.4% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Industrial Products industry median of 5.00. Chervon Holdings' overall GF Score™ is 80/100 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 Chervon Holdings (CHRHF), the current Piotroski F-Score is 5 as of Jun. 25, 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 Chervon Holdings (CHRHF) Overvalued in 2026?

Based on GuruFocus' analysis, Chervon Holdings stock appears to be undervalued. The current stock price of $1.93 is trading 25.4% below its estimated GF Value™ of $2.58. GuruFocus considers Chervon Holdings to be Modestly Undervalued.

Key valuation signals for CHRHF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $2.58 vs. price of $1.93 (25.4% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 0% at the Industrial Products median (#1291 of 2979)

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


Chervon Holdings Business Description

Other Exchanges 02285:Hong KongAZ9:Germany
Address No. 99, Tianyuan West Road, Jiangning Economic and Technological Development Zone, Nanjing, CHN
Chervon Holdings Ltd is an investment holding company. The company along with its subsidiaries are engaged in researching, developing, manufacturing, testing, selling, and providing after-sales services for power tools, outdoor power equipment, and related products. The company has three reportable segments: Power tools, Outdoor power equipment, and Others. The Company earned the majority of its revenue from the sale of outdoor power equipment. Geographically, the company operates in North America, Europe, China, and the Rest of the World. The majority of its revenue is generated from the North America region.
80GF Score

Get the complete analysis for CHRHF

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

$1.93
Price
$2.58
GF Value