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Convenience Retail AsiaCVRAF 53 Piotroski F-Score is 7 as of Jul. 21, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates CVRAF with a GF Score™ of 53/100 and a GF Value™ of $1.00. The stock has 4 warning signs investors should review. Among 300 Retail - Defensive companies, Convenience Retail Asia ranks better than 88% 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
Convenience Retail Asia 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 Convenience Retail Asia's Piotroski F-Score or its related term are showing as below:
CVRAF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Convenience Retail Asia was 8. The lowest was 5. And the median was 6.
Convenience Retail Asia (OTCPK:CVRAF) 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.
Convenience Retail Asia Piotroski F-Score Related Terms
Convenience Retail Asia Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Convenience Retail Asia'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.
For the Grocery Stores subindustry, Convenience Retail Asia'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.
Convenience Retail Asia Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Convenience Retail Asia's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Convenience Retail Asia'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.
Convenience Retail Asia's current Net Income (TTM) was 4.3.
==> 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.
Convenience Retail Asia's current Cash Flow from Operations (TTM) was 27.7.
==> 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.
Convenience Retail Asia's return on assets of this year was 0.02783062. Convenience Retail Asia's return on assets of last year was 0.0186791.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Convenience Retail Asia's gearing of this year was 0.0758549. Convenience Retail Asia's gearing of last year was 0.08425213.
==> 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
Convenience Retail Asia's current ratio of this year was 0.83882852. Convenience Retail Asia's current ratio of last year was 0.74059944.
==> 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.
Convenience Retail Asia's number of shares in issue this year was 778.012. Convenience Retail Asia's number of shares in issue last year was 777.417.
==> 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.
Convenience Retail Asia's gross margin of this year was 0.51056924. Convenience Retail Asia's gross margin of last year was 0.52888729.
==> 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
Convenience Retail Asia's asset turnover of this year was 1.18992717. Convenience Retail Asia's asset turnover of last year was 1.16122568.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Convenience Retail Asia has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Convenience Retail Asia (CVRAF) has a Piotroski F-Score of 7 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Convenience Retail Asia and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Convenience Retail Asia's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Convenience Retail Asia ranks #36 out of 300 companies in the Retail - Defensive industry, placing it in the top 12%.
Is Convenience Retail Asia's Piotroski F-Score too high?
Convenience Retail Asia's 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 5.00 to a high of 8.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Convenience Retail Asia's value of 7 is 16.7% above this industry median. Based on the distribution chart, Convenience Retail Asia ranks #36 out of 300 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Convenience Retail Asia has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Convenience Retail Asia's Piotroski F-Score compare to KR?
According to the Retail - Defensive industry distribution chart, Convenience Retail Asia ranks #36 out of 300 companies for Piotroski F-Score. This places Convenience Retail Asia in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Convenience Retail Asia's value of 7 is 16.7% above this benchmark. Historically, Convenience Retail Asia's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Convenience Retail Asia 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 300 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. Convenience Retail Asia's current Piotroski F-Score of 7 is 16.7% 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 Convenience Retail Asia and its competitors. For the Retail - Defensive 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. Convenience Retail Asia'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 Convenience Retail Asia stock overvalued right now?
Convenience Retail Asia (CVRAF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $1.00, compared to a current price of $0.66 — trading 34% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Retail - Defensive industry median of 6.00. Convenience Retail Asia's overall GF Score™ is 53/100 with 4 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 Convenience Retail Asia (CVRAF), the current Piotroski F-Score is 7 as of Jul. 21, 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 Convenience Retail Asia (CVRAF) Overvalued in 2026?
Based on GuruFocus' analysis, Convenience Retail Asia stock appears to be undervalued.
The current stock price of $0.66 is trading 34% below its estimated GF Value™ of $1.00.
Key valuation signals for CVRAF:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: $1.00 vs. price of $0.66 (34% below fair value)
Industry Position: 16.7% above the Retail - Defensive median (#36 of 300)
No single metric tells the full story. See the CVRAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Convenience Retail Asia Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the operation of chains of bakeries and eyewear businesses. The group operates in two segments, namely, Bakery and Eyewear. The majority of its revenue comes from the Bakery segment, which comprises the sale of bakery and festival products under the brand names of Saint Honore and Mon cher. The Eyewear business segment includes the sale of eyewear products under the brand name of Zoff.
53GF Score
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