CKISY (CK Infrastructure Holdings) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 20% Above Median


CKISY CK Infrastructure Holdings Ltd CKISY
56 GF Score
Price $43.50
GF Value $25.63
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is CK Infrastructure Holdings Piotroski F-Score?

CK Infrastructure Holdings CKISY 56 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates CKISY with a GF Score™ of 56/100 and a GF Value™ of $25.63 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 491 Utilities - Regulated companies, CK Infrastructure Holdings ranks better than 69.25% 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

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

CKISY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of CK Infrastructure Holdings was 7. The lowest was 4. And the median was 5.

CK Infrastructure Holdings  (OTCPK:CKISY) 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.


CK Infrastructure Holdings Piotroski F-Score Related Terms


CK Infrastructure Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CK Infrastructure 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.

CK Infrastructure Holdings Piotroski F-Score Chart

CK Infrastructure Holdings 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 5.00 5.00 6.00 5.00 6.00

CK Infrastructure Holdings 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 5.00 0.00 6.00

CKISY vs NEE, SO, DUK: Piotroski F-Score Comparison

For the Utilities - Regulated Electric subindustry, CK Infrastructure 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.


CK Infrastructure Holdings Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CK Infrastructure Holdings's Piotroski F-Score distribution charts can be found below:

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


CKISY
56GF Score
CK Infrastructure Holdings Ltd CKISY
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 $1,062.2 Mil.
Cash Flow from Operations was $284.4 Mil.
Revenue was $567.8 Mil.
Gross Profit was $304.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (20304.757 + 21368.24) / 2 = $20836.4985 Mil.
Total Assets at the begining of this year (Dec24) was $20,304.8 Mil.
Long-Term Debt & Capital Lease Obligation was $2,326.5 Mil.
Total Current Assets was $1,048.4 Mil.
Total Current Liabilities was $1,178.4 Mil.
Net Income was $1,043.9 Mil.

Revenue was $642.3 Mil.
Gross Profit was $341.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (21239.084 + 20304.757) / 2 = $20771.9205 Mil.
Total Assets at the begining of last year (Dec23) was $21,239.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1,883.2 Mil.
Total Current Assets was $1,218.5 Mil.
Total Current Liabilities was $1,440.6 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.

CK Infrastructure Holdings's current Net Income (TTM) was 1,062.2. ==> 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.

CK Infrastructure Holdings's current Cash Flow from Operations (TTM) was 284.4. ==> 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 (Dec24)
=1062.23/20304.757
=0.05231434

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1043.945/21239.084
=0.04915207

CK Infrastructure Holdings's return on assets of this year was 0.05231434. CK Infrastructure Holdings's return on assets of last year was 0.04915207. ==> 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.

CK Infrastructure Holdings's current Net Income (TTM) was 1,062.2. CK Infrastructure Holdings's current Cash Flow from Operations (TTM) was 284.4. ==> 284.4 <= 1,062.2 ==> CFROA <= ROA ==> Score 0.

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
=2326.496/20836.4985
=0.11165484

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1883.217/20771.9205
=0.09066167

CK Infrastructure Holdings's gearing of this year was 0.11165484. CK Infrastructure Holdings's gearing of last year was 0.09066167. ==> 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
=1048.35/1178.414
=0.88962792

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1218.514/1440.554
=0.84586485

CK Infrastructure Holdings's current ratio of this year was 0.88962792. CK Infrastructure Holdings's current ratio of last year was 0.84586485. ==> 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.

CK Infrastructure Holdings's number of shares in issue this year was 503.922. CK Infrastructure Holdings's number of shares in issue last year was 503.922. ==> 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
=304.082/567.808
=0.53553666

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=341.935/642.319
=0.53234452

CK Infrastructure Holdings's gross margin of this year was 0.53553666. CK Infrastructure Holdings's gross margin of last year was 0.53234452. ==> 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)
=567.808/20304.757
=0.02796428

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=642.319/21239.084
=0.03024231

CK Infrastructure Holdings's asset turnover of this year was 0.02796428. CK Infrastructure Holdings's asset turnover of last year was 0.03024231. ==> 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+1+0+0+1+1+1+0
=6

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

CK Infrastructure 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?
CK Infrastructure Holdings (CKISY) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CK Infrastructure Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, CK Infrastructure Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, CK Infrastructure Holdings ranks #151 out of 491 companies in the Utilities - Regulated industry, placing it in the top 30.8%.
Is CK Infrastructure Holdings' Piotroski F-Score too high?
CK Infrastructure Holdings' 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 4.00 to a high of 7.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. CK Infrastructure Holdings' value of 6 is 0% at this industry median. Based on the distribution chart, CK Infrastructure Holdings ranks #151 out of 491 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, CK Infrastructure Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CK Infrastructure Holdings' Piotroski F-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CK Infrastructure Holdings ranks #151 out of 491 companies for Piotroski F-Score. This puts CK Infrastructure Holdings in the upper half of its industry. The industry median Piotroski F-Score is 6.00. CK Infrastructure Holdings' value of 6 is 0% at this benchmark. Historically, CK Infrastructure 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 5.00 vs. the industry median of 6.00, CK Infrastructure 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 Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. CK Infrastructure Holdings's current Piotroski F-Score of 6 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 CK Infrastructure Holdings and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CK Infrastructure Holdings'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 CK Infrastructure Holdings stock overvalued right now?
Based on GuruFocus' analysis, CK Infrastructure Holdings (CKISY) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.63, compared to a current price of $43.50 — trading 69.7% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Utilities - Regulated industry median of 6.00. CK Infrastructure Holdings' overall GF Score™ is 56/100 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 CK Infrastructure Holdings (CKISY), the current Piotroski F-Score is 6 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.

Is CK Infrastructure Holdings (CKISY) Overvalued in 2026?

Based on GuruFocus' analysis, CK Infrastructure Holdings stock appears to be overvalued. The current stock price of $43.50 is trading 69.7% above its estimated GF Value™ of $25.63. GuruFocus considers CK Infrastructure Holdings to be Significantly Overvalued.

Key valuation signals for CKISY:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $25.63 vs. price of $43.50 (69.7% above fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 0% at the Utilities - Regulated median (#151 of 491)

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


CK Infrastructure Holdings Business Description

Address 2 Queen\'s Road Central, 12th Floor, Cheung Kong Center, Hong Kong, HKG
CK Infrastructure Holdings, or CKI, is a Hong Kong-headquartered global infrastructure investment company. It is part of the CK Hutchison group of companies, holding the bulk of the group's infrastructure investments. Its portfolio primarily comprises regulated utilities and, to a lesser extent, contracted infrastructure businesses across the UK, Australia, Hong Kong, Europe, Canada, and New Zealand. The UK and Australia combined made up more than 70% of CKI's net profit in 2024. The company also owns infrastructure materials businesses in Hong Kong and mainland China, producing cement, concrete, asphalt, and aggregates. In 2024, CKI added a listing on the London Stock Exchange to its main Hong Kong listing.
56GF Score

Get the complete analysis for CKISY

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

$43.50
Price
$25.63
GF Value