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GBA HoldingsHKSE:00261 +13.44%23 Piotroski F-Score is 4 as of Aug. 01, 2026, which is at its 10-year median of 4.00. GuruFocus rates HKSE:00261 with a GF Score™ of 23/100 and a GF Value™ of HK$0.66 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 556 Conglomerates companies, GBA Holdings ranks worse than 71.4% 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
GBA Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for GBA Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:00261'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of GBA Holdings was 7. The lowest was 2. And the median was 4.
GBA Holdings (HKSE:00261) 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.
GBA Holdings Piotroski F-Score Related Terms
GBA Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for GBA 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.
HKSE:00261 vs MMM, HON: Piotroski F-Score Comparison
For the Conglomerates subindustry, GBA 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.
GBA Holdings Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, GBA Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where GBA Holdings'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.
GBA Holdings's current Net Income (TTM) was -112.1.
==> 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.
GBA Holdings's return on assets of this year was -0.16980306. GBA Holdings's return on assets of last year was -0.07639213.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
GBA Holdings's current ratio of this year was 5.46746269. GBA Holdings's current ratio of last year was 4.36321368.
==> 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.
GBA Holdings's number of shares in issue this year was 246.082. GBA Holdings's number of shares in issue last year was 194.032.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
GBA Holdings's gross margin of this year was -0.25317776. GBA Holdings's gross margin of last year was -0.05747691.
==> 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
GBA Holdings's asset turnover of this year was 0.19180957. GBA Holdings's asset turnover of last year was 0.07812866.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
GBA Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
GBA Holdings (HKSE:00261) has a Piotroski F-Score of 4 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GBA Holdings and its competitors. This is near median its historical median of 4.00. Over the past decade, GBA Holdings' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, GBA Holdings ranks #397 out of 556 companies in the Conglomerates industry, placing it in the top 71.4%.
Is GBA Holdings' Piotroski F-Score too high?
GBA Holdings' current Piotroski F-Score of 4 is near 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 Conglomerates industry median Piotroski F-Score is 5.00. GBA Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, GBA Holdings ranks #397 out of 556 companies in the Conglomerates industry, which is below the industry midpoint. Overall, GBA Holdings has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GBA Holdings' Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, GBA Holdings ranks #397 out of 556 companies for Piotroski F-Score. This places GBA Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. GBA Holdings' value of 4 is 20% below this benchmark. Historically, GBA 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, GBA 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 556 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. GBA Holdings's current Piotroski F-Score of 4 is 20% 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 GBA Holdings and its competitors. For the Conglomerates 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. GBA Holdings's current Piotroski F-Score is 4, which is near 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 GBA Holdings stock overvalued right now?
Based on GuruFocus' analysis, GBA Holdings (HKSE:00261) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.66, compared to a current price of HK$0.21 — trading 68% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Conglomerates industry median of 5.00. GBA Holdings' overall GF Score™ is 23/100 with 6 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 GBA Holdings (HKSE:00261), the current Piotroski F-Score is 4 as of Aug. 01, 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 GBA Holdings (HKSE:00261) Overvalued in 2026?
Based on GuruFocus' analysis, GBA Holdings stock appears to be undervalued.
The current stock price of HK$0.21 is trading 68% below its estimated GF Value™ of HK$0.66.
GuruFocus considers GBA Holdings to be Possible Value Trap.
Key valuation signals for HKSE:00261:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: HK$0.66 vs. price of HK$0.21 (68% below fair value)
Industry Position: 20% below the Conglomerates median (#397 of 556)
No single metric tells the full story. See the HKSE:00261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GBA Holdings Ltd is an investment holding company. The Group is principally engaged in Property Business in the PRC, the Finance Business, the Automobile Business, the Catering Business and the Corporate Consulting Services Business in Hong Kong. The company generates majority of revenue from Property business segment which representing the development and sale of properties. The Group's operations are mainly located in Mainland China and Hong Kong.
23GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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