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Pioneer Global GroupHKSE:00224 30 Piotroski F-Score is 6 as of Aug. 23, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:00224 with a GF Score™ of 30/100 and a GF Value™ of HK$0.61 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,752 Real Estate companies, Pioneer Global Group ranks better than 78.48% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Pioneer Global Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Pioneer Global Group's Piotroski F-Score or its related term are showing as below:
HKSE:00224'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Pioneer Global Group was 7. The lowest was 4. And the median was 6.
Pioneer Global Group (HKSE:00224) 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.
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.
Pioneer Global Group Piotroski F-Score Related Terms
Pioneer Global Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Pioneer Global Group'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.
HKSE:00224 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Pioneer Global Group'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.
Pioneer Global Group Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Pioneer Global Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Pioneer Global Group's Piotroski F-Score falls into.
* 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.
*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.
Pioneer Global Group's current Net Income (TTM) was 52.3.
==> 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.
Pioneer Global Group's return on assets of this year was 0.00480992. Pioneer Global Group's return on assets of last year was -0.01467143.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Pioneer Global Group's gearing of this year was 0.13798389. Pioneer Global Group's gearing of last year was 0.20309644.
==> 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
Pioneer Global Group's current ratio of this year was 0.52436883. Pioneer Global Group's current ratio of last year was 3.5390999.
==> 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.
Pioneer Global Group's number of shares in issue this year was 1154.039. Pioneer Global Group's number of shares in issue last year was 1154.039.
==> 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.
Pioneer Global Group's gross margin of this year was 0.77603117. Pioneer Global Group's gross margin of last year was 0.79574128.
==> 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
Pioneer Global Group's asset turnover of this year was 0.02049299. Pioneer Global Group's asset turnover of last year was 0.02177006.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Pioneer Global Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Pioneer Global Group (HKSE:00224) has a Piotroski F-Score of 6 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Pioneer Global Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Pioneer Global Group's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Pioneer Global Group ranks #377 out of 1752 companies in the Real Estate industry, placing it in the top 21.5%.
Is Pioneer Global Group's Piotroski F-Score too high?
Pioneer Global Group's current Piotroski F-Score of 6 is near 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 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Pioneer Global Group's value of 6 is 20% above this industry median. Based on the distribution chart, Pioneer Global Group ranks #377 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Pioneer Global Group has a GF Score™ of 30/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Global Group's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Pioneer Global Group ranks #377 out of 1752 companies for Piotroski F-Score. This places Pioneer Global Group in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Pioneer Global Group's value of 6 is 20% above this benchmark. Historically, Pioneer Global Group's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Pioneer Global Group 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 1,752 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. Pioneer Global Group's current Piotroski F-Score of 6 is 20% 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 Pioneer Global Group 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. Pioneer Global Group's current Piotroski F-Score is 6, which is near 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 Pioneer Global Group stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Global Group (HKSE:00224) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.61, compared to a current price of HK$0.58 — trading 5.7% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Real Estate industry median of 5.00. Pioneer Global Group's overall GF Score™ is 30/100 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 Pioneer Global Group (HKSE:00224), the current Piotroski F-Score is 6 as of Aug. 23, 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 Pioneer Global Group (HKSE:00224) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Global Group stock appears to be undervalued.
The current stock price of HK$0.58 is trading 5.7% below its estimated GF Value™ of HK$0.61.
GuruFocus considers Pioneer Global Group to be Fairly Valued.
Key valuation signals for HKSE:00224:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: HK$0.61 vs. price of HK$0.58 (5.7% below fair value)
Industry Position: 20% above the Real Estate median (#377 of 1752)
No single metric tells the full story. See the HKSE:00224 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Global Group Ltd is an investment holding company. The company's operating segment includes Properties and hotels, Investments, and others. The company generates maximum revenue from the Properties and hotels segment which involves investment in properties and hotels that earn rental and returns in hotel operation. The company earns revenue from the rental, dividend, and interest income. Geographically, the company derives a majority of its revenue from Hong Kong and also has an international presence.
30GF Score
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