CWLLF (Cowell e Holdings) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


CWLLF Cowell e Holdings Inc CWLLF
66 GF Score
Price $2.99
GF Value $6.81
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Cowell e Holdings Piotroski F-Score?

Cowell e Holdings CWLLF 66 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates CWLLF with a GF Score™ of 66/100 and a GF Value™ of $6.81 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,425 Hardware companies, Cowell e Holdings ranks better than 77.81% 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

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

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

During the past 13 years, the highest Piotroski F-Score of Cowell e Holdings was 7. The lowest was 4. And the median was 6.

Cowell e Holdings  (OTCPK:CWLLF) 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.


Cowell e Holdings Piotroski F-Score Related Terms


Cowell e Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cowell e 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.

Cowell e Holdings Piotroski F-Score Chart

Cowell e 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 6.00 4.00 4.00 6.00

Cowell e 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 4.00 0.00 4.00 0.00 6.00

CWLLF vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Cowell e 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.


Cowell e Holdings Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Cowell e Holdings's Piotroski F-Score distribution charts can be found below:

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


CWLLF
66GF Score
Cowell e Holdings Inc CWLLF
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 $197 Mil.
Cash Flow from Operations was $316 Mil.
Revenue was $3,500 Mil.
Gross Profit was $359 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1442.554 + 1543.702) / 2 = $1493.128 Mil.
Total Assets at the begining of this year (Dec24) was $1,443 Mil.
Long-Term Debt & Capital Lease Obligation was $133 Mil.
Total Current Assets was $1,139 Mil.
Total Current Liabilities was $675 Mil.
Net Income was $119 Mil.

Revenue was $2,494 Mil.
Gross Profit was $291 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (943.296 + 1442.554) / 2 = $1192.925 Mil.
Total Assets at the begining of last year (Dec23) was $943 Mil.
Long-Term Debt & Capital Lease Obligation was $151 Mil.
Total Current Assets was $1,035 Mil.
Total Current Liabilities was $765 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.

Cowell e Holdings's current Net Income (TTM) was 197. ==> 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.

Cowell e Holdings's current Cash Flow from Operations (TTM) was 316. ==> 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)
=196.904/1442.554
=0.1364968

ROA (Last Year)=Net Income/Total Assets (Dec23)
=119.055/943.296
=0.12621171

Cowell e Holdings's return on assets of this year was 0.1364968. Cowell e Holdings's return on assets of last year was 0.12621171. ==> 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.

Cowell e Holdings's current Net Income (TTM) was 197. Cowell e Holdings's current Cash Flow from Operations (TTM) was 316. ==> 316 > 197 ==> 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
=132.764/1493.128
=0.08891669

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=151.085/1192.925
=0.12665088

Cowell e Holdings's gearing of this year was 0.08891669. Cowell e Holdings's gearing of last year was 0.12665088. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=1139.283/675.432
=1.68674715

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1035.081/764.777
=1.35344159

Cowell e Holdings's current ratio of this year was 1.68674715. Cowell e Holdings's current ratio of last year was 1.35344159. ==> 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.

Cowell e Holdings's number of shares in issue this year was 891.093. Cowell e Holdings's number of shares in issue last year was 888.163. ==> 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
=358.728/3500.054
=0.10249213

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=290.907/2494.258
=0.11663068

Cowell e Holdings's gross margin of this year was 0.10249213. Cowell e Holdings's gross margin of last year was 0.11663068. ==> 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)
=3500.054/1442.554
=2.42628976

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2494.258/943.296
=2.6441944

Cowell e Holdings's asset turnover of this year was 2.42628976. Cowell e Holdings's asset turnover of last year was 2.6441944. ==> 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+1+1+1+0+0+0
=6

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

Cowell e 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?
Cowell e Holdings (CWLLF) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cowell e Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Cowell e Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Cowell e Holdings ranks #538 out of 2425 companies in the Hardware industry, placing it in the top 22.2%.
Is Cowell e Holdings' Piotroski F-Score too high?
Cowell e Holdings' current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. Cowell e Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Cowell e Holdings ranks #538 out of 2425 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Cowell e Holdings has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cowell e Holdings' Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Cowell e Holdings ranks #538 out of 2425 companies for Piotroski F-Score. This places Cowell e Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cowell e Holdings' value of 6 is 20% above this benchmark. Historically, Cowell e 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 6.00 vs. the industry median of 5.00, Cowell e Holdings 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,425 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. Cowell e Holdings's current Piotroski F-Score of 6 is 20% 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 Cowell e Holdings and its competitors. For the Hardware 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. Cowell e Holdings's current Piotroski F-Score is 6, which is near 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 Cowell e Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cowell e Holdings (CWLLF) is currently considered Significantly Undervalued. The stock's GF Value™ is $6.81, compared to a current price of $2.99 — trading 56.1% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Hardware industry median of 5.00. Cowell e Holdings' overall GF Score™ is 66/100 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 Cowell e Holdings (CWLLF), the current Piotroski F-Score is 6 as of Jun. 24, 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 Cowell e Holdings (CWLLF) Overvalued in 2026?

Based on GuruFocus' analysis, Cowell e Holdings stock appears to be undervalued. The current stock price of $2.99 is trading 56.1% below its estimated GF Value™ of $6.81. GuruFocus considers Cowell e Holdings to be Significantly Undervalued.

Key valuation signals for CWLLF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $6.81 vs. price of $2.99 (56.1% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 20% above the Hardware median (#538 of 2425)

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


Cowell e Holdings Business Description

Other Exchanges 01415:Hong Kong
Address No. 1 Songbai Road, Huanan Industrial Zone, Liaobu Town, Guangdong Province, Dongguan City, CHN
Cowell e Holdings Inc is a supplier of optical modules for electronic mobile devices, specializing in the design, development, manufacture, and sale of optical modules and related components. Its products are widely used in smartphones, multimedia tablets, smart driving systems, and other mobile terminal devices for internationally renowned brand customers. The Group's principal activities include the manufacturing and sale of camera modules and optical components. It operates in the Chinese Mainland and Hong Kong, which contribute the maximum revenue, as well as in India, the Republic of Korea (Korea), and Vietnam.
66GF Score

Get the complete analysis for CWLLF

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

$2.99
Price
$6.81
GF Value