FLLHF (Fullshare Holdings) Piotroski F-Score: 7 (As of Jul. 02, 2026) — 75% Above Median


FLLHF Fullshare Holdings Ltd FLLHF
39 GF Score
Price $0.55
GF Value $0.50
! 3 Warning Signs
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What is Fullshare Holdings Piotroski F-Score?

Fullshare Holdings FLLHF 39 Piotroski F-Score is 7 as of Jul. 02, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates FLLHF with a GF Score™ of 39/100 and a GF Value™ of $0.50. The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Fullshare Holdings ranks better than 90.69% 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

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

FLLHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Fullshare Holdings was 7. The lowest was 3. And the median was 4.

Fullshare Holdings  (OTCPK:FLLHF) 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.


Fullshare Holdings Piotroski F-Score Related Terms


Fullshare Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fullshare 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.

Fullshare Holdings Piotroski F-Score Chart

Fullshare 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 4.00 4.00 3.00 3.00 7.00

Fullshare 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 3.00 0.00 3.00 0.00 7.00

FLLHF vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Fullshare 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.


Fullshare Holdings Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fullshare Holdings's Piotroski F-Score distribution charts can be found below:

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


FLLHF
39GF Score
Fullshare Holdings Ltd FLLHF
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 $-15 Mil.
Cash Flow from Operations was $465 Mil.
Revenue was $2,891 Mil.
Gross Profit was $636 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6187.325 + 6547.386) / 2 = $6367.3555 Mil.
Total Assets at the begining of this year (Dec24) was $6,187 Mil.
Long-Term Debt & Capital Lease Obligation was $706 Mil.
Total Current Assets was $3,875 Mil.
Total Current Liabilities was $3,287 Mil.
Net Income was $-826 Mil.

Revenue was $3,179 Mil.
Gross Profit was $480 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (7634.253 + 6187.325) / 2 = $6910.789 Mil.
Total Assets at the begining of last year (Dec23) was $7,634 Mil.
Long-Term Debt & Capital Lease Obligation was $761 Mil.
Total Current Assets was $3,399 Mil.
Total Current Liabilities was $3,034 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.

Fullshare Holdings's current Net Income (TTM) was -15. ==> 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.

Fullshare Holdings's current Cash Flow from Operations (TTM) was 465. ==> 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)
=-14.787/6187.325
=-0.00238989

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-826.006/7634.253
=-0.10819736

Fullshare Holdings's return on assets of this year was -0.00238989. Fullshare Holdings's return on assets of last year was -0.10819736. ==> 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.

Fullshare Holdings's current Net Income (TTM) was -15. Fullshare Holdings's current Cash Flow from Operations (TTM) was 465. ==> 465 > -15 ==> 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
=706.1/6367.3555
=0.11089376

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=760.602/6910.789
=0.11006008

Fullshare Holdings's gearing of this year was 0.11089376. Fullshare Holdings's gearing of last year was 0.11006008. ==> 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
=3874.526/3286.673
=1.17885959

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3399.248/3034.39
=1.12024097

Fullshare Holdings's current ratio of this year was 1.17885959. Fullshare Holdings's current ratio of last year was 1.12024097. ==> 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.

Fullshare Holdings's number of shares in issue this year was 636.764. Fullshare Holdings's number of shares in issue last year was 636.764. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=636.196/2891.368
=0.22003287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=479.818/3179.353
=0.15091687

Fullshare Holdings's gross margin of this year was 0.22003287. Fullshare Holdings's gross margin of last year was 0.15091687. ==> 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)
=2891.368/6187.325
=0.46730501

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3179.353/7634.253
=0.41645895

Fullshare Holdings's asset turnover of this year was 0.46730501. Fullshare Holdings's asset turnover of last year was 0.41645895. ==> 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
=0+1+1+1+0+1+1+1+1
=7

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

Fullshare Holdings 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?
Fullshare Holdings (FLLHF) has a Piotroski F-Score of 7 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fullshare Holdings and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Fullshare Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Fullshare Holdings ranks #277 out of 2976 companies in the Industrial Products industry, placing it in the top 9.3%.
Is Fullshare Holdings' Piotroski F-Score too high?
Fullshare Holdings' current Piotroski F-Score of 7 is 75% above 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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Fullshare Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Fullshare Holdings ranks #277 out of 2976 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Fullshare Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Fullshare Holdings' Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Fullshare Holdings ranks #277 out of 2976 companies for Piotroski F-Score. This places Fullshare Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fullshare Holdings' value of 7 is 40% above this benchmark. Historically, Fullshare Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Fullshare 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. Fullshare Holdings's current Piotroski F-Score of 7 is 40% 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 Fullshare Holdings and its competitors. For the Industrial Products 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. Fullshare Holdings's current Piotroski F-Score is 7, which is 75% above 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 Fullshare Holdings stock overvalued right now?
Fullshare Holdings (FLLHF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $0.50, compared to a current price of $0.55 — trading 10% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Industrial Products industry median of 5.00. Fullshare Holdings' overall GF Score™ is 39/100 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 Fullshare Holdings (FLLHF), the current Piotroski F-Score is 7 as of Jul. 02, 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 Fullshare Holdings (FLLHF) Overvalued in 2026?

Based on GuruFocus' analysis, Fullshare Holdings stock appears to be overvalued. The current stock price of $0.55 is trading 10% above its estimated GF Value™ of $0.50.

Key valuation signals for FLLHF:

  • Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
  • GF Value™: $0.50 vs. price of $0.55 (10% above fair value)
  • GF Score™: 39/100 with 3 warning signs
  • Industry Position: 40% above the Industrial Products median (#277 of 2976)

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


Fullshare Holdings Business Description

Other Exchanges 00607:Hong Kong
Address United Centre 95 Queensway, Unit C1, 26th Floor, Admiralty, Hong Kong, HKG
Fullshare Holdings Ltd is an investment holding company. The company operates through the following segments: properties; tourism; healthcare, education, and others; Investment and financial services; and New energy. The company derives the majority of its revenue from the new energy segment that involves the research, development, manufacture, and distribution of mechanical transmission equipment used in wind power and a wide range of industrial applications. Its geographical segments are China, the United States, Europe, Australia, and other countries. China accounts for the majority of the company's annual revenue.
39GF Score

Get the complete analysis for FLLHF

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

$0.55
Price
$0.50
GF Value