Century Ginwa Retail Holdings (HKSE:00162) Piotroski F-Score: 7 (As of Jul. 11, 2026) — 75% Above Median


What is Century Ginwa Retail Holdings Piotroski F-Score?

Century Ginwa Retail Holdings HKSE:00162 Piotroski F-Score is 7 as of Jul. 11, 2026, which is 75% above its 10-year median of 4.00. The stock has 5 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Century Ginwa Retail Holdings ranks better than 91.16% 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

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

HKSE:00162' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Century Ginwa Retail Holdings was 7. The lowest was 2. And the median was 4.

Century Ginwa Retail Holdings  (HKSE:00162) 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.


Century Ginwa Retail Holdings Piotroski F-Score Related Terms


Century Ginwa Retail Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Century Ginwa Retail 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.

Century Ginwa Retail Holdings Piotroski F-Score Chart

Century Ginwa Retail Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 5.00 3.00 7.00

Century Ginwa Retail Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 5.00 0.00 3.00 0.00 7.00

HKSE:00162 vs DDS, M: Piotroski F-Score Comparison

For the Department Stores subindustry, Century Ginwa Retail 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.


Century Ginwa Retail Holdings Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Century Ginwa Retail Holdings's Piotroski F-Score distribution charts can be found below:

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


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$-461.7 Mil.
Cash Flow from Operations was HK$44.5 Mil.
Revenue was HK$383.6 Mil.
Gross Profit was HK$245.7 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (8111.677 + 8352.908) / 2 = HK$8232.2925 Mil.
Total Assets at the begining of this year (Dec24) was HK$8,111.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$5,446.8 Mil.
Total Current Assets was HK$420.4 Mil.
Total Current Liabilities was HK$1,844.8 Mil.
Net Income was HK$-574.5 Mil.

Revenue was HK$381.7 Mil.
Gross Profit was HK$218.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (8413.442 + 8111.677) / 2 = HK$8262.5595 Mil.
Total Assets at the begining of last year (Dec23) was HK$8,413.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4,879.8 Mil.
Total Current Assets was HK$235.6 Mil.
Total Current Liabilities was HK$1,914.6 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.

Century Ginwa Retail Holdings's current Net Income (TTM) was -461.7. ==> 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.

Century Ginwa Retail Holdings's current Cash Flow from Operations (TTM) was 44.5. ==> 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)
=-461.692/8111.677
=-0.05691696

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-574.505/8413.442
=-0.06828418

Century Ginwa Retail Holdings's return on assets of this year was -0.05691696. Century Ginwa Retail Holdings's return on assets of last year was -0.06828418. ==> 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.

Century Ginwa Retail Holdings's current Net Income (TTM) was -461.7. Century Ginwa Retail Holdings's current Cash Flow from Operations (TTM) was 44.5. ==> 44.5 > -461.7 ==> 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
=5446.835/8232.2925
=0.66164255

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4879.836/8262.5595
=0.59059617

Century Ginwa Retail Holdings's gearing of this year was 0.66164255. Century Ginwa Retail Holdings's gearing of last year was 0.59059617. ==> 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
=420.397/1844.794
=0.2278829

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=235.606/1914.595
=0.12305788

Century Ginwa Retail Holdings's current ratio of this year was 0.2278829. Century Ginwa Retail Holdings's current ratio of last year was 0.12305788. ==> 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.

Century Ginwa Retail Holdings's number of shares in issue this year was 1149.695. Century Ginwa Retail Holdings's number of shares in issue last year was 1149.695. ==> 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
=245.652/383.608
=0.64037246

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=218.913/381.729
=0.57347752

Century Ginwa Retail Holdings's gross margin of this year was 0.64037246. Century Ginwa Retail Holdings's gross margin of last year was 0.57347752. ==> 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)
=383.608/8111.677
=0.04729084

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=381.729/8413.442
=0.04537132

Century Ginwa Retail Holdings's asset turnover of this year was 0.04729084. Century Ginwa Retail Holdings's asset turnover of last year was 0.04537132. ==> 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

Century Ginwa Retail 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?
Century Ginwa Retail Holdings (HKSE:00162) has a Piotroski F-Score of 7 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Century Ginwa Retail Holdings and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Century Ginwa Retail Holdings' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Century Ginwa Retail Holdings ranks #97 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 8.8%.
Is Century Ginwa Retail Holdings' Piotroski F-Score too high?
Century Ginwa Retail 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 2.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Century Ginwa Retail Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Century Ginwa Retail Holdings ranks #97 out of 1097 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers.
How does Century Ginwa Retail Holdings' Piotroski F-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Century Ginwa Retail Holdings ranks #97 out of 1097 companies for Piotroski F-Score. This places Century Ginwa Retail Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Century Ginwa Retail Holdings' value of 7 is 40% above this benchmark. Historically, Century Ginwa Retail Holdings' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Century Ginwa Retail 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 a Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,097 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. Century Ginwa Retail 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 Century Ginwa Retail Holdings and its competitors. For the Retail - Cyclical 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. Century Ginwa Retail 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 Century Ginwa Retail Holdings stock overvalued right now?
Based on GuruFocus' analysis, Century Ginwa Retail Holdings (HKSE:00162) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.03 — trading 63.3% below 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 Retail - Cyclical industry median of 5.00. 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 Century Ginwa Retail Holdings (HKSE:00162), the current Piotroski F-Score is 7 as of Jul. 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.

Century Ginwa Retail Holdings Business Description

Address Times Square, 1 Matheson Street, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG
Century Ginwa Retail Holdings Ltd is an investment holding company engaged in the operation of department stores, shopping malls, supermarkets, and property management in the People's Republic of China (PRC). The Group's reportable segments are Department Stores and Shopping Malls, which generate maximum revenue, and Supermarkets, which include community, comprehensive, and fresh food supermarkets. Geographically, its revenue is substantially derived from retail customers in the PRC.