Sun Hing Vision Group Holdings (HKSE:00125) Piotroski F-Score: 3 (As of Sep. 10, 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:00125 Sun Hing Vision Group Holdings Ltd HKSE:00125
35 GF Score
Price HK$0.30
GF Value HK$0.56
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Sun Hing Vision Group Holdings Piotroski F-Score?

Sun Hing Vision Group Holdings HKSE:00125 35 Piotroski F-Score is 3 as of Sep. 10, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates HKSE:00125 with a GF Score™ of 35/100 and a GF Value™ of HK$0.56 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,100 Retail - Cyclical companies, Sun Hing Vision Group Holdings ranks worse than 86.73% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Sun Hing Vision Group Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Sun Hing Vision Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:00125' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Sun Hing Vision Group Holdings was 9. The lowest was 3. And the median was 5.

Sun Hing Vision Group Holdings  (HKSE:00125) 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.


Sun Hing Vision Group Holdings Piotroski F-Score Related Terms


Sun Hing Vision Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Hing Vision Group 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.

Sun Hing Vision Group Holdings Piotroski F-Score Chart

Sun Hing Vision Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 3.00 4.00 3.00

Sun Hing Vision Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 4.00 0.00 3.00

HKSE:00125 vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Sun Hing Vision Group 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.


Sun Hing Vision Group Holdings Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sun Hing Vision Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sun Hing Vision Group Holdings's Piotroski F-Score falls into.


HKSE:00125
35GF Score
Sun Hing Vision Group Holdings Ltd HKSE:00125
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was HK$-45.9 Mil.
Cash Flow from Operations was HK$-19.0 Mil.
Revenue was HK$891.0 Mil.
Gross Profit was HK$97.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (892.95 + 938.784) / 2 = HK$915.867 Mil.
Total Assets at the begining of this year (Mar25) was HK$893.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$23.3 Mil.
Total Current Assets was HK$576.2 Mil.
Total Current Liabilities was HK$311.9 Mil.
Net Income was HK$-32.2 Mil.

Revenue was HK$828.5 Mil.
Gross Profit was HK$93.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (905.955 + 892.95) / 2 = HK$899.4525 Mil.
Total Assets at the begining of last year (Mar24) was HK$906.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$7.1 Mil.
Total Current Assets was HK$548.1 Mil.
Total Current Liabilities was HK$250.2 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.

Sun Hing Vision Group Holdings's current Net Income (TTM) was -45.9. ==> 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.

Sun Hing Vision Group Holdings's current Cash Flow from Operations (TTM) was -19.0. ==> Negative ==> Score 0.

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 (Mar25)
=-45.904/892.95
=-0.05140713

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-32.247/905.955
=-0.03559448

Sun Hing Vision Group Holdings's return on assets of this year was -0.05140713. Sun Hing Vision Group Holdings's return on assets of last year was -0.03559448. ==> 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.

Sun Hing Vision Group Holdings's current Net Income (TTM) was -45.9. Sun Hing Vision Group Holdings's current Cash Flow from Operations (TTM) was -19.0. ==> -19.0 > -45.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=23.337/915.867
=0.02548077

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7.12/899.4525
=0.00791593

Sun Hing Vision Group Holdings's gearing of this year was 0.02548077. Sun Hing Vision Group Holdings's gearing of last year was 0.00791593. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=576.159/311.909
=1.84720223

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=548.057/250.191
=2.19055442

Sun Hing Vision Group Holdings's current ratio of this year was 1.84720223. Sun Hing Vision Group Holdings's current ratio of last year was 2.19055442. ==> 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.

Sun Hing Vision Group Holdings's number of shares in issue this year was 262.778. Sun Hing Vision Group Holdings's number of shares in issue last year was 262.778. ==> 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
=97.293/891.045
=0.10918977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=93.771/828.476
=0.11318493

Sun Hing Vision Group Holdings's gross margin of this year was 0.10918977. Sun Hing Vision Group Holdings's gross margin of last year was 0.11318493. ==> 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 (Mar25)
=891.045/892.95
=0.99786662

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=828.476/905.955
=0.91447809

Sun Hing Vision Group Holdings's asset turnover of this year was 0.99786662. Sun Hing Vision Group Holdings's asset turnover of last year was 0.91447809. ==> 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+0+0+1+0+0+1+0+1
=3

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

Sun Hing Vision Group Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Sun Hing Vision Group Holdings (HKSE:00125) has a Piotroski F-Score of 3 as of Sep. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Hing Vision Group Holdings and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Sun Hing Vision Group Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Sun Hing Vision Group Holdings ranks #954 out of 1100 companies in the Retail - Cyclical industry, placing it in the top 86.7%.
Is Sun Hing Vision Group Holdings' Piotroski F-Score too high?
Sun Hing Vision Group Holdings' current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Sun Hing Vision Group Holdings' value of 3 is 50% below this industry median. Based on the distribution chart, Sun Hing Vision Group Holdings ranks #954 out of 1100 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Sun Hing Vision Group Holdings has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sun Hing Vision Group Holdings' Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Sun Hing Vision Group Holdings ranks #954 out of 1100 companies for Piotroski F-Score. This places Sun Hing Vision Group Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Sun Hing Vision Group Holdings' value of 3 is 50% below this benchmark. Historically, Sun Hing Vision Group Holdings' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Sun Hing Vision Group Holdings has consistently been below 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 1,100 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. Sun Hing Vision Group Holdings's current Piotroski F-Score of 3 is 50% below 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 Sun Hing Vision Group Holdings 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. Sun Hing Vision Group Holdings's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Hing Vision Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sun Hing Vision Group Holdings (HKSE:00125) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.30 — trading 47.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Retail - Cyclical industry median of 6.00. Sun Hing Vision Group Holdings' overall GF Score™ is 35/100 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 Sun Hing Vision Group Holdings (HKSE:00125), the current Piotroski F-Score is 3 as of Sep. 10, 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 Sun Hing Vision Group Holdings (HKSE:00125) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Hing Vision Group Holdings stock appears to be undervalued. The current stock price of HK$0.30 is trading 47.3% below its estimated GF Value™ of HK$0.56. GuruFocus considers Sun Hing Vision Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00125:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: HK$0.56 vs. price of HK$0.30 (47.3% below fair value)
  • GF Score™: 35/100 with 5 warning signs
  • Industry Position: 50% below the Retail - Cyclical median (#954 of 1100)

No single metric tells the full story. See the HKSE:00125 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Hing Vision Group Holdings Business Description

Address 83 Hung To Road, 25 Floor, EGL Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Sun Hing Vision Group Holdings Ltd is an investment holding company. Along with its subsidiaries, the firm engages in the design, manufacture, and distribution of premium eyewear products. It operates through the segments of Eyewear products and others. The company generates maximum revenue from the Eyewear products segment. Geographically, it derives a majority of revenue from Italy and also has a presence in Hong Kong and Macau; Japan; the United States and Other countries. The company's brand portfolio includes brand names such as New Balance, agnes b, Jill Stuart, Levi's and Kenzo.
35GF Score

Get the complete analysis for HKSE:00125

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

HK$0.30
Price
HK$0.56
GF Value