CapitaLand China TrustCLDHF 48 Piotroski F-Score is 4 as of Jun. 30, 2026, which is at its 10-year median of 4.00. GuruFocus rates CLDHF with a GF Score™ of 48/100 and a GF Value™ of $0.48 (Fairly Valued). The stock has 6 warning signs investors should review. Among 890 REITs companies, CapitaLand China Trust ranks worse than 76.4% 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
CapitaLand China Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CapitaLand China Trust's Piotroski F-Score or its related term are showing as below:
CLDHF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of CapitaLand China Trust was 6. The lowest was 3. And the median was 4.
CapitaLand China Trust (OTCPK:CLDHF) 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.
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.
CapitaLand China Trust Piotroski F-Score Related Terms
CapitaLand China Trust Piotroski F-Score Historical Data
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The historical data trend for CapitaLand China Trust'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.
CLDHF vs SPG, O, KIM: Piotroski F-Score Comparison
For the REIT - Retail subindustry, CapitaLand China Trust'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.
CapitaLand China Trust Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, CapitaLand China Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CapitaLand China Trust's Piotroski F-Score falls into.
* 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.
*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.
CapitaLand China Trust's current Net Income (TTM) was -4.3.
==> 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.
CapitaLand China Trust's current Cash Flow from Operations (TTM) was 118.3.
==> 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.
CapitaLand China Trust's return on assets of this year was -0.0012152. CapitaLand China Trust's return on assets of last year was -0.00289898.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CapitaLand China Trust's gearing of this year was 0.35203073. CapitaLand China Trust's gearing of last year was 0.33670459.
==> 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
CapitaLand China Trust's current ratio of this year was 0.96081178. CapitaLand China Trust's current ratio of last year was 0.74833196.
==> 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.
CapitaLand China Trust's number of shares in issue this year was 1751.413. CapitaLand China Trust's number of shares in issue last year was 1724.354.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
CapitaLand China Trust's gross margin of this year was 0.60668299. CapitaLand China Trust's gross margin of last year was 0.61120161.
==> 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
CapitaLand China Trust's asset turnover of this year was 0.06728334. CapitaLand China Trust's asset turnover of last year was 0.06743749.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CapitaLand China Trust has an F-score of 4 indicating the company's financial situation is typical for a stable company.
CapitaLand China Trust (CLDHF) has a Piotroski F-Score of 4 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CapitaLand China Trust and its competitors. This is near median its historical median of 4.00. Over the past decade, CapitaLand China Trust's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, CapitaLand China Trust ranks #680 out of 890 companies in the REITs industry, placing it in the top 76.4%.
Is CapitaLand China Trust's Piotroski F-Score too high?
CapitaLand China Trust's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The REITs industry median Piotroski F-Score is 6.00. CapitaLand China Trust's value of 4 is 33.3% below this industry median. Based on the distribution chart, CapitaLand China Trust ranks #680 out of 890 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, CapitaLand China Trust has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand China Trust's Piotroski F-Score compare to SPG and O?
According to the REITs industry distribution chart, CapitaLand China Trust ranks #680 out of 890 companies for Piotroski F-Score. This places CapitaLand China Trust in the lower half of its industry. The industry median Piotroski F-Score is 6.00. CapitaLand China Trust's value of 4 is 33.3% below this benchmark. Historically, CapitaLand China Trust's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, CapitaLand China Trust has consistently been below 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 890 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. CapitaLand China Trust's current Piotroski F-Score of 4 is 33.3% below 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 CapitaLand China Trust and its competitors. For the REITs 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. CapitaLand China Trust's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand China Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand China Trust (CLDHF) is currently considered Fairly Valued. The stock's GF Value™ is $0.48, compared to a current price of $0.50 — trading 3.1% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% below the REITs industry median of 6.00. CapitaLand China Trust's overall GF Score™ is 48/100 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 CapitaLand China Trust (CLDHF), the current Piotroski F-Score is 4 as of Jun. 30, 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 CapitaLand China Trust (CLDHF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand China Trust stock appears to be overvalued.
The current stock price of $0.50 is trading 3.1% above its estimated GF Value™ of $0.48.
GuruFocus considers CapitaLand China Trust to be Fairly Valued.
Key valuation signals for CLDHF:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: $0.48 vs. price of $0.50 (3.1% above fair value)
Industry Position: 33.3% below the REITs median (#680 of 890)
No single metric tells the full story. See the CLDHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand China Trust is a Singapore-based real estate investment trust which invests in retail properties. The company's portfolio consists predominantly of shopping malls located in multiple cities in mainland China, Hong Kong, SAR, and Macau. The company generates revenue from leasing properties to its tenants. Fashion and accessories stores, dining venues, and department stores collectively contribute the majority of total rental revenue. Other tenants include supermarkets, beauty and healthcare retailers, homeware and furniture stores, and leisure venues. The operating segments are Retail Malls, Business Parks, and Logistics Parks. The majority of revenue is generated from Retail Malls segment.
48GF Score
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