China Resources Land (FRA:CHZ) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 17% Above Median


FRA:CHZ China Resources Land Ltd FRA:CHZ
89 GF Score
Price €3.28
GF Value €3.13
Valuation Fairly Valued
! 5 Warning Signs
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What is China Resources Land Piotroski F-Score?

China Resources Land FRA:CHZ -1.20% 89 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:CHZ with a GF Score™ of 89/100 and a GF Value™ of €3.13 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,759 Real Estate companies, China Resources Land ranks better than 93.06% 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

China Resources Land has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for China Resources Land's Piotroski F-Score or its related term are showing as below:

FRA:CHZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of China Resources Land was 7. The lowest was 3. And the median was 6.

China Resources Land  (FRA:CHZ) 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.


China Resources Land Piotroski F-Score Related Terms


China Resources Land Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Resources Land'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.

China Resources Land Piotroski F-Score Chart

China Resources Land 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 6.00 4.00 7.00 6.00 7.00

China Resources Land 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 7.00 0.00 6.00 0.00 7.00

China Resources Land Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, China Resources Land'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.


China Resources Land Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Land's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Resources Land's Piotroski F-Score falls into.


FRA:CHZ
89GF Score
China Resources Land Ltd FRA:CHZ
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 €3,082 Mil.
Cash Flow from Operations was €4,704 Mil.
Revenue was €34,125 Mil.
Gross Profit was €7,244 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (148155.223 + 130794.28) / 2 = €139474.7515 Mil.
Total Assets at the begining of this year (Dec24) was €148,155 Mil.
Long-Term Debt & Capital Lease Obligation was €28,652 Mil.
Total Current Assets was €78,302 Mil.
Total Current Liabilities was €47,130 Mil.
Net Income was €3,349 Mil.

Revenue was €36,584 Mil.
Gross Profit was €7,917 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (152980.226 + 148155.223) / 2 = €150567.7245 Mil.
Total Assets at the begining of last year (Dec23) was €152,980 Mil.
Long-Term Debt & Capital Lease Obligation was €25,748 Mil.
Total Current Assets was €93,220 Mil.
Total Current Liabilities was €66,098 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.

China Resources Land's current Net Income (TTM) was 3,082. ==> 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.

China Resources Land's current Cash Flow from Operations (TTM) was 4,704. ==> 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)
=3081.919/148155.223
=0.02080196

ROA (Last Year)=Net Income/Total Assets (Dec23)
=3349.097/152980.226
=0.02189235

China Resources Land's return on assets of this year was 0.02080196. China Resources Land's return on assets of last year was 0.02189235. ==> 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.

China Resources Land's current Net Income (TTM) was 3,082. China Resources Land's current Cash Flow from Operations (TTM) was 4,704. ==> 4,704 > 3,082 ==> 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
=28652.171/139474.7515
=0.20542909

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=25748.426/150567.7245
=0.17100893

China Resources Land's gearing of this year was 0.20542909. China Resources Land's gearing of last year was 0.17100893. ==> 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
=78302.37/47129.756
=1.66142108

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=93219.895/66098.21
=1.41032405

China Resources Land's current ratio of this year was 1.66142108. China Resources Land's current ratio of last year was 1.41032405. ==> 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.

China Resources Land's number of shares in issue this year was 7130.94. China Resources Land's number of shares in issue last year was 7130.94. ==> 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
=7244.108/34124.823
=0.21228265

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7916.822/36583.673
=0.21640315

China Resources Land's gross margin of this year was 0.21228265. China Resources Land's gross margin of last year was 0.21640315. ==> 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)
=34124.823/148155.223
=0.23033156

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=36583.673/152980.226
=0.23913988

China Resources Land's asset turnover of this year was 0.23033156. China Resources Land's asset turnover of last year was 0.23913988. ==> 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+0+1+0+1+1+0+0
=5

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

China Resources Land has an F-score of 5 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 7 mean?
China Resources Land (FRA:CHZ) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Resources Land and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, China Resources Land's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, China Resources Land ranks #122 out of 1759 companies in the Real Estate industry, placing it in the top 6.9%.
Is China Resources Land's Piotroski F-Score too high?
China Resources Land'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 3.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. China Resources Land's value of 7 is 40% above this industry median. Based on the distribution chart, China Resources Land ranks #122 out of 1759 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, China Resources Land has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Resources Land's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, China Resources Land ranks #122 out of 1759 companies for Piotroski F-Score. This places China Resources Land in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China Resources Land's value of 7 is 40% above this benchmark. Historically, China Resources Land's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, China Resources Land 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. China Resources Land'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 China Resources Land 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. China Resources Land'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 China Resources Land stock overvalued right now?
Based on GuruFocus' analysis, China Resources Land (FRA:CHZ) is currently considered Fairly Valued. The stock's GF Value™ is €3.13, compared to a current price of €3.28 — trading 4.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Real Estate industry median of 5.00. China Resources Land's overall GF Score™ is 89/100 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 China Resources Land (FRA:CHZ), the current Piotroski F-Score is 7 as of Jun. 28, 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 China Resources Land (FRA:CHZ) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Land stock appears to be overvalued. The current stock price of €3.28 is trading 4.8% above its estimated GF Value™ of €3.13. GuruFocus considers China Resources Land to be Fairly Valued.

Key valuation signals for FRA:CHZ:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €3.13 vs. price of €3.28 (4.8% above fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 40% above the Real Estate median (#122 of 1759)

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


China Resources Land Business Description

Address 26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury-focused MixC malls, and it holds a 70% stake in the listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds around 60% stake in CR Land.
89GF Score

Get the complete analysis for FRA:CHZ

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

€3.28
Price
€3.13
GF Value