EPRJF (Emperor Watch & Jewellery) Piotroski F-Score: 7 (As of Jul. 21, 2026) — 17% Above Median

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EPRJF Emperor Watch & Jewellery Ltd EPRJF
70 GF Score
Price $0.03
GF Value $0.05
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Emperor Watch & Jewellery Piotroski F-Score?

Emperor Watch & Jewellery EPRJF -1.02% 70 Piotroski F-Score is 7 as of Jul. 21, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates EPRJF with a GF Score™ of 70/100 and a GF Value™ of $0.05 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Emperor Watch & Jewellery ranks better than 90.99% 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

Emperor Watch & Jewellery 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 Emperor Watch & Jewellery's Piotroski F-Score or its related term are showing as below:

EPRJF' 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 Emperor Watch & Jewellery was 8. The lowest was 5. And the median was 6.

Emperor Watch & Jewellery  (OTCPK:EPRJF) 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.


Emperor Watch & Jewellery Piotroski F-Score Related Terms


Emperor Watch & Jewellery Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Emperor Watch & Jewellery'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.

Emperor Watch & Jewellery Piotroski F-Score Chart

Emperor Watch & Jewellery 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 8.00 8.00 6.00 6.00 7.00

Emperor Watch & Jewellery 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 6.00 0.00 7.00

EPRJF vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Emperor Watch & Jewellery'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.


Emperor Watch & Jewellery Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Emperor Watch & Jewellery's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Emperor Watch & Jewellery's Piotroski F-Score falls into.


EPRJF
70GF Score
Emperor Watch & Jewellery Ltd EPRJF
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 $58.9 Mil.
Cash Flow from Operations was $141.0 Mil.
Revenue was $741.0 Mil.
Gross Profit was $228.7 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (764.447 + 889.243) / 2 = $826.845 Mil.
Total Assets at the begining of this year (Dec24) was $764.4 Mil.
Long-Term Debt & Capital Lease Obligation was $25.1 Mil.
Total Current Assets was $642.8 Mil.
Total Current Liabilities was $107.6 Mil.
Net Income was $33.0 Mil.

Revenue was $672.9 Mil.
Gross Profit was $190.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (730.923 + 764.447) / 2 = $747.685 Mil.
Total Assets at the begining of last year (Dec23) was $730.9 Mil.
Long-Term Debt & Capital Lease Obligation was $25.2 Mil.
Total Current Assets was $523.8 Mil.
Total Current Liabilities was $68.3 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.

Emperor Watch & Jewellery's current Net Income (TTM) was 58.9. ==> 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.

Emperor Watch & Jewellery's current Cash Flow from Operations (TTM) was 141.0. ==> 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)
=58.919/764.447
=0.07707402

ROA (Last Year)=Net Income/Total Assets (Dec23)
=33.028/730.923
=0.0451867

Emperor Watch & Jewellery's return on assets of this year was 0.07707402. Emperor Watch & Jewellery's return on assets of last year was 0.0451867. ==> 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.

Emperor Watch & Jewellery's current Net Income (TTM) was 58.9. Emperor Watch & Jewellery's current Cash Flow from Operations (TTM) was 141.0. ==> 141.0 > 58.9 ==> 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
=25.063/826.845
=0.03031161

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=25.196/747.685
=0.03369868

Emperor Watch & Jewellery's gearing of this year was 0.03031161. Emperor Watch & Jewellery's gearing of last year was 0.03369868. ==> 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
=642.812/107.626
=5.97264601

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=523.814/68.334
=7.66549595

Emperor Watch & Jewellery's current ratio of this year was 5.97264601. Emperor Watch & Jewellery's current ratio of last year was 7.66549595. ==> 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.

Emperor Watch & Jewellery's number of shares in issue this year was 7230.557. Emperor Watch & Jewellery's number of shares in issue last year was 6779.458. ==> 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
=228.704/740.965
=0.30865695

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=190.514/672.85
=0.28314483

Emperor Watch & Jewellery's gross margin of this year was 0.30865695. Emperor Watch & Jewellery's gross margin of last year was 0.28314483. ==> 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)
=740.965/764.447
=0.96928237

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=672.85/730.923
=0.9205484

Emperor Watch & Jewellery's asset turnover of this year was 0.96928237. Emperor Watch & Jewellery's asset turnover of last year was 0.9205484. ==> 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+1+1+1+0+0+1+1
=7

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

Emperor Watch & Jewellery has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Emperor Watch & Jewellery (EPRJF) 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 Emperor Watch & Jewellery and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Emperor Watch & Jewellery's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Emperor Watch & Jewellery ranks #99 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 9%.
Is Emperor Watch & Jewellery's Piotroski F-Score too high?
Emperor Watch & Jewellery'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 - Cyclical industry median Piotroski F-Score is 6.00. Emperor Watch & Jewellery's value of 7 is 16.7% above this industry median. Based on the distribution chart, Emperor Watch & Jewellery ranks #99 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Emperor Watch & Jewellery has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emperor Watch & Jewellery's Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Emperor Watch & Jewellery ranks #99 out of 1099 companies for Piotroski F-Score. This places Emperor Watch & Jewellery in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Emperor Watch & Jewellery's value of 7 is 16.7% above this benchmark. Historically, Emperor Watch & Jewellery'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, Emperor Watch & Jewellery 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 - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,099 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. Emperor Watch & Jewellery'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 Emperor Watch & Jewellery and its competitors. For the Retail - Cyclical 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. Emperor Watch & Jewellery'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 Emperor Watch & Jewellery stock overvalued right now?
Based on GuruFocus' analysis, Emperor Watch & Jewellery (EPRJF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.05, compared to a current price of $0.03 — trading 30.2% 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 - Cyclical industry median of 6.00. Emperor Watch & Jewellery's overall GF Score™ is 70/100 with 3 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 Emperor Watch & Jewellery (EPRJF), 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 Emperor Watch & Jewellery (EPRJF) Overvalued in 2026?

Based on GuruFocus' analysis, Emperor Watch & Jewellery stock appears to be undervalued. The current stock price of $0.03 is trading 30.2% below its estimated GF Value™ of $0.05. GuruFocus considers Emperor Watch & Jewellery to be Significantly Undervalued.

Key valuation signals for EPRJF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $0.05 vs. price of $0.03 (30.2% below fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 16.7% above the Retail - Cyclical median (#99 of 1099)

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


Emperor Watch & Jewellery Business Description

Other Exchanges 00887:Hong KongEPU:Germany
Address 288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG
Emperor Watch & Jewellery Ltd is a retailer of European-made internationally renowned watches, together with self-designed fine jewellery products under its brand, Emperor Jewellery. The group has extensive retail networks in Hong Kong, Macau, Mainland China, Malaysia, and Singapore. Its wristwatch brands include Piguet, Baume & Mercier, Cartier, Jaeger-LeCoultre, Rolex among others. The target customers range from middle to high-income groups world-wide. The majority of the revenue is mainly derived from sales of watches and jewellery in Hong Kong.
70GF Score

Get the complete analysis for EPRJF

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

$0.03
Price
$0.05
GF Value