CTRGF (Country Garden Services Holdings Co) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Below Median


CTRGF Country Garden Services Holdings Co Ltd CTRGF
94 GF Score
Price $0.73
GF Value $1.06
! 5 Warning Signs
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What is Country Garden Services Holdings Co Piotroski F-Score?

Country Garden Services Holdings Co CTRGF 94 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates CTRGF with a GF Score™ of 94/100 and a GF Value™ of $1.06. The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, Country Garden Services Holdings Co ranks worse than 61.9% 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

Country Garden Services Holdings Co 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 Country Garden Services Holdings Co's Piotroski F-Score or its related term are showing as below:

CTRGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 4

During the past 11 years, the highest Piotroski F-Score of Country Garden Services Holdings Co was 7. The lowest was 2. And the median was 6.

Country Garden Services Holdings Co  (OTCPK:CTRGF) 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.


Country Garden Services Holdings Co Piotroski F-Score Related Terms


Country Garden Services Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Country Garden Services Holdings 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.

Country Garden Services Holdings Co Piotroski F-Score Chart

Country Garden Services Holdings Co 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 2.00 4.00 6.00 7.00 4.00

Country Garden Services Holdings Co Semi-Annual Data
Dec15 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 7.00 0.00 4.00

CTRGF vs CBRE, BEKE: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Country Garden Services Holdings 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.


Country Garden Services Holdings Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Garden Services Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Country Garden Services Holdings Co's Piotroski F-Score falls into.


CTRGF
94GF Score
Country Garden Services Holdings Co Ltd CTRGF
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 $85 Mil.
Cash Flow from Operations was $356 Mil.
Revenue was $6,865 Mil.
Gross Profit was $1,201 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (9786.769 + 10199.953) / 2 = $9993.361 Mil.
Total Assets at the begining of this year (Dec24) was $9,787 Mil.
Long-Term Debt & Capital Lease Obligation was $317 Mil.
Total Current Assets was $6,093 Mil.
Total Current Liabilities was $4,251 Mil.
Net Income was $248 Mil.

Revenue was $6,042 Mil.
Gross Profit was $1,154 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (9697.778 + 9786.769) / 2 = $9742.2735 Mil.
Total Assets at the begining of last year (Dec23) was $9,698 Mil.
Long-Term Debt & Capital Lease Obligation was $308 Mil.
Total Current Assets was $5,800 Mil.
Total Current Liabilities was $3,891 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.

Country Garden Services Holdings Co's current Net Income (TTM) was 85. ==> 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.

Country Garden Services Holdings Co's current Cash Flow from Operations (TTM) was 356. ==> 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)
=85.401/9786.769
=0.00872617

ROA (Last Year)=Net Income/Total Assets (Dec23)
=248.377/9697.778
=0.02561174

Country Garden Services Holdings Co's return on assets of this year was 0.00872617. Country Garden Services Holdings Co's return on assets of last year was 0.02561174. ==> 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.

Country Garden Services Holdings Co's current Net Income (TTM) was 85. Country Garden Services Holdings Co's current Cash Flow from Operations (TTM) was 356. ==> 356 > 85 ==> 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
=316.693/9993.361
=0.03169034

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=308.272/9742.2735
=0.03164272

Country Garden Services Holdings Co's gearing of this year was 0.03169034. Country Garden Services Holdings Co's gearing of last year was 0.03164272. ==> 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
=6092.744/4251.017
=1.43324386

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5800.054/3891.448
=1.49046165

Country Garden Services Holdings Co's current ratio of this year was 1.43324386. Country Garden Services Holdings Co's current ratio of last year was 1.49046165. ==> 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.

Country Garden Services Holdings Co's number of shares in issue this year was 3352.826. Country Garden Services Holdings Co's number of shares in issue last year was 3338.963. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1200.582/6865.31
=0.17487659

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1153.819/6042.398
=0.19095382

Country Garden Services Holdings Co's gross margin of this year was 0.17487659. Country Garden Services Holdings Co's gross margin of last year was 0.19095382. ==> 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)
=6865.31/9786.769
=0.70148892

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6042.398/9697.778
=0.62307036

Country Garden Services Holdings Co's asset turnover of this year was 0.70148892. Country Garden Services Holdings Co's asset turnover of last year was 0.62307036. ==> 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+0+1+0+0+0+0+1
=4

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

Country Garden Services Holdings Co has an F-score of 4 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 4 mean?
Country Garden Services Holdings Co (CTRGF) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Country Garden Services Holdings Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Country Garden Services Holdings Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Country Garden Services Holdings Co ranks #1087 out of 1756 companies in the Real Estate industry, placing it in the top 61.9%.
Is Country Garden Services Holdings Co's Piotroski F-Score too high?
Country Garden Services Holdings Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Country Garden Services Holdings Co's value of 4 is 20% below this industry median. Based on the distribution chart, Country Garden Services Holdings Co ranks #1087 out of 1756 companies in the Real Estate industry, which is below the industry midpoint. Overall, Country Garden Services Holdings Co has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Country Garden Services Holdings Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Country Garden Services Holdings Co ranks #1087 out of 1756 companies for Piotroski F-Score. This places Country Garden Services Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Country Garden Services Holdings Co's value of 4 is 20% below this benchmark. Historically, Country Garden Services Holdings Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Country Garden Services Holdings Co 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Country Garden Services Holdings Co's current Piotroski F-Score of 4 is 20% 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 Country Garden Services Holdings Co and its competitors. For the Real Estate 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. Country Garden Services Holdings Co's current Piotroski F-Score is 4, which is 33% 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 Country Garden Services Holdings Co stock overvalued right now?
Country Garden Services Holdings Co (CTRGF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $1.06, compared to a current price of $0.73 — trading 31.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Real Estate industry median of 5.00. Country Garden Services Holdings Co's overall GF Score™ is 94/100 with 5 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 Country Garden Services Holdings Co (CTRGF), the current Piotroski F-Score is 4 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 Country Garden Services Holdings Co (CTRGF) Overvalued in 2026?

Based on GuruFocus' analysis, Country Garden Services Holdings Co stock appears to be undervalued. The current stock price of $0.73 is trading 31.6% below its estimated GF Value™ of $1.06.

Key valuation signals for CTRGF:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $1.06 vs. price of $0.73 (31.6% below fair value)
  • GF Score™: 94/100 with 5 warning signs
  • Industry Position: 20% below the Real Estate median (#1087 of 1756)

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


Country Garden Services Holdings Co Business Description

Other Exchanges 06098:Hong Kong75H:Germany
Address No. 1, West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312
Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of 2025, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS. The firm was among the top residential property management firms in China in terms of revenue and gross floor area under management for 2025. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.
94GF Score

Get the complete analysis for CTRGF

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

$0.73
Price
$1.06
GF Value