Kunlun Energy Co (HKSE:00135) Piotroski F-Score: 7 (As of Sep. 11, 2026) — 17% Above Median

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HKSE:00135 Kunlun Energy Co Ltd HKSE:00135
92 GF Score
Price HK$7.43
GF Value HK$8.50
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Kunlun Energy Co Piotroski F-Score?

Kunlun Energy Co HKSE:00135 -1.65% 92 Piotroski F-Score is 7 as of Sep. 11, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:00135 with a GF Score™ of 92/100 and a GF Value™ of HK$8.50 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 994 Oil & Gas companies, Kunlun Energy Co ranks better than 88.73% 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

Kunlun Energy Co 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 Kunlun Energy Co's Piotroski F-Score or its related term are showing as below:

HKSE:00135' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kunlun Energy Co was 8. The lowest was 4. And the median was 6.

Kunlun Energy Co  (HKSE:00135) 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.


Kunlun Energy Co Piotroski F-Score Related Terms


Kunlun Energy Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kunlun Energy Co'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.

Kunlun Energy Co Piotroski F-Score Chart

Kunlun Energy Co 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 6.00 8.00 7.00 7.00

Kunlun Energy Co 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 8.00 0.00 7.00 0.00 7.00

HKSE:00135 vs MPC, VLO, PSX: Piotroski F-Score Comparison

For the Oil & Gas Refining & Marketing subindustry, Kunlun Energy Co'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.


Kunlun Energy Co Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Kunlun Energy Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kunlun Energy Co's Piotroski F-Score falls into.


HKSE:00135
92GF Score
Kunlun Energy Co Ltd HKSE:00135
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 HK$5,906 Mil.
Cash Flow from Operations was HK$13,732 Mil.
Revenue was HK$214,293 Mil.
Gross Profit was HK$21,561 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (153093.497 + 159211.88) / 2 = HK$156152.6885 Mil.
Total Assets at the begining of this year (Dec24) was HK$153,093 Mil.
Long-Term Debt & Capital Lease Obligation was HK$15,559 Mil.
Total Current Assets was HK$64,767 Mil.
Total Current Liabilities was HK$37,353 Mil.
Net Income was HK$6,363 Mil.

Revenue was HK$199,704 Mil.
Gross Profit was HK$21,593 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (156978.052 + 153093.497) / 2 = HK$155035.7745 Mil.
Total Assets at the begining of last year (Dec23) was HK$156,978 Mil.
Long-Term Debt & Capital Lease Obligation was HK$15,896 Mil.
Total Current Assets was HK$61,110 Mil.
Total Current Liabilities was HK$38,090 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.

Kunlun Energy Co's current Net Income (TTM) was 5,906. ==> 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.

Kunlun Energy Co's current Cash Flow from Operations (TTM) was 13,732. ==> 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)
=5905.861/153093.497
=0.03857682

ROA (Last Year)=Net Income/Total Assets (Dec23)
=6363.326/156978.052
=0.04053641

Kunlun Energy Co's return on assets of this year was 0.03857682. Kunlun Energy Co's return on assets of last year was 0.04053641. ==> 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.

Kunlun Energy Co's current Net Income (TTM) was 5,906. Kunlun Energy Co's current Cash Flow from Operations (TTM) was 13,732. ==> 13,732 > 5,906 ==> 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
=15558.949/156152.6885
=0.09963933

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=15895.502/155035.7745
=0.10252796

Kunlun Energy Co's gearing of this year was 0.09963933. Kunlun Energy Co's gearing of last year was 0.10252796. ==> 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
=64766.72/37352.966
=1.73391104

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=61110.346/38090.269
=1.60435585

Kunlun Energy Co's current ratio of this year was 1.73391104. Kunlun Energy Co's current ratio of last year was 1.60435585. ==> 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.

Kunlun Energy Co's number of shares in issue this year was 8659. Kunlun Energy Co's number of shares in issue last year was 8659. ==> 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
=21560.92/214293.475
=0.10061398

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21592.6/199703.789
=0.10812314

Kunlun Energy Co's gross margin of this year was 0.10061398. Kunlun Energy Co's gross margin of last year was 0.10812314. ==> 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)
=214293.475/153093.497
=1.39975557

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=199703.789/156978.052
=1.2721765

Kunlun Energy Co's asset turnover of this year was 1.39975557. Kunlun Energy Co's asset turnover of last year was 1.2721765. ==> 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+0+1+1+1+1+0+1
=7

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

Kunlun Energy Co 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?
Kunlun Energy Co (HKSE:00135) has a Piotroski F-Score of 7 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kunlun Energy Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Kunlun Energy Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Kunlun Energy Co ranks #112 out of 994 companies in the Oil & Gas industry, placing it in the top 11.3%.
Is Kunlun Energy Co's Piotroski F-Score too high?
Kunlun Energy Co'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 4.00 to a high of 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Kunlun Energy Co's value of 7 is 40% above this industry median. Based on the distribution chart, Kunlun Energy Co ranks #112 out of 994 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Kunlun Energy Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kunlun Energy Co's Piotroski F-Score compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Kunlun Energy Co ranks #112 out of 994 companies for Piotroski F-Score. This places Kunlun Energy Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kunlun Energy Co's value of 7 is 40% above this benchmark. Historically, Kunlun Energy Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kunlun Energy Co 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 994 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. Kunlun Energy Co'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 Kunlun Energy Co and its competitors. For the Oil & Gas 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. Kunlun Energy Co'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 Kunlun Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Kunlun Energy Co (HKSE:00135) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$8.50, compared to a current price of HK$7.43 — trading 12.6% 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 40% above the Oil & Gas industry median of 5.00. Kunlun Energy Co's overall GF Score™ is 92/100 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 Kunlun Energy Co (HKSE:00135), the current Piotroski F-Score is 7 as of Sep. 11, 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 Kunlun Energy Co (HKSE:00135) Overvalued in 2026?

Based on GuruFocus' analysis, Kunlun Energy Co stock appears to be undervalued. The current stock price of HK$7.43 is trading 12.6% below its estimated GF Value™ of HK$8.50. GuruFocus considers Kunlun Energy Co to be Modestly Undervalued.

Key valuation signals for HKSE:00135:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: HK$8.50 vs. price of HK$7.43 (12.6% below fair value)
  • GF Score™: 92/100 with 3 warning signs
  • Industry Position: 40% above the Oil & Gas median (#112 of 994)

No single metric tells the full story. See the HKSE:00135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kunlun Energy Co Business Description

Industry EnergyOil & Gas
Address 118 Connaught Road West, 39th Floor, Hong Kong, HKG
Kunlun Energy Co Ltd is an integrated oil and gas service company. The firm is engaged in multiple activities which include exploration and production operations at its oils fields located internationally, operating natural gas pipelines mainly providing support services to the oil and gas industry, and offering processing and storage facilities of liquified natural gas(LNG), and sale of LNG and liquified petroleum gas across China. The group is engaged in a broad range of oil and gas related activities and derives its revenue from its four operating divisions: Natural Gas Sales, Sales of LPG, LNG Processing and Terminal, and Exploration and Production.
92GF Score

Get the complete analysis for HKSE:00135

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

HK$7.43
Price
HK$8.50
GF Value