Kwoon Chung Bus Holdings (HKSE:00306) Piotroski F-Score: 8 (As of Jul. 20, 2026) — 60% Above Median

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HKSE:00306 Kwoon Chung Bus Holdings Ltd HKSE:00306
74 GF Score
Price HK$2.79
GF Value HK$3.02
Valuation Fairly Valued
! 4 Warning Signs
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What is Kwoon Chung Bus Holdings Piotroski F-Score?

Kwoon Chung Bus Holdings HKSE:00306 74 Piotroski F-Score is 8 as of Jul. 20, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates HKSE:00306 with a GF Score™ of 74/100 and a GF Value™ of HK$3.02 (Fairly Valued). The stock has 4 warning signs investors should review. Among 977 Transportation companies, Kwoon Chung Bus Holdings ranks better than 97.24% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Kwoon Chung Bus Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Kwoon Chung Bus Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:00306' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Kwoon Chung Bus Holdings was 8. The lowest was 3. And the median was 5.

Kwoon Chung Bus Holdings  (HKSE:00306) 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.


Kwoon Chung Bus Holdings Piotroski F-Score Related Terms


Kwoon Chung Bus Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kwoon Chung Bus 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.

Kwoon Chung Bus Holdings Piotroski F-Score Chart

Kwoon Chung Bus 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 6.00 7.00 8.00 8.00 0.00

Kwoon Chung Bus 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 8.00 0.00 8.00 0.00 0.00

HKSE:00306 vs UNP, CSX, NSC: Piotroski F-Score Comparison

For the Railroads subindustry, Kwoon Chung Bus 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.


Kwoon Chung Bus Holdings Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Kwoon Chung Bus Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kwoon Chung Bus Holdings's Piotroski F-Score falls into.


HKSE:00306
74GF Score
Kwoon Chung Bus Holdings Ltd HKSE:00306
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was HK$127 Mil.
Cash Flow from Operations was HK$426 Mil.
Revenue was HK$2,530 Mil.
Gross Profit was HK$662 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (4577.449 + 4872.202) / 2 = HK$4724.8255 Mil.
Total Assets at the begining of this year (Mar24) was HK$4,577 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,561 Mil.
Total Current Assets was HK$1,092 Mil.
Total Current Liabilities was HK$904 Mil.
Net Income was HK$32 Mil.

Revenue was HK$2,095 Mil.
Gross Profit was HK$457 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (4744.268 + 4577.449) / 2 = HK$4660.8585 Mil.
Total Assets at the begining of last year (Mar23) was HK$4,744 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,519 Mil.
Total Current Assets was HK$922 Mil.
Total Current Liabilities was HK$785 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.

Kwoon Chung Bus Holdings's current Net Income (TTM) was 127. ==> 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.

Kwoon Chung Bus Holdings's current Cash Flow from Operations (TTM) was 426. ==> 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 (Mar24)
=127.132/4577.449
=0.02777355

ROA (Last Year)=Net Income/Total Assets (Mar23)
=32.087/4744.268
=0.00676332

Kwoon Chung Bus Holdings's return on assets of this year was 0.02777355. Kwoon Chung Bus Holdings's return on assets of last year was 0.00676332. ==> 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.

Kwoon Chung Bus Holdings's current Net Income (TTM) was 127. Kwoon Chung Bus Holdings's current Cash Flow from Operations (TTM) was 426. ==> 426 > 127 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1561.01/4724.8255
=0.33038469

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1519.16/4660.8585
=0.32593995

Kwoon Chung Bus Holdings's gearing of this year was 0.33038469. Kwoon Chung Bus Holdings's gearing of last year was 0.32593995. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1091.799/904.351
=1.2072735

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=922.086/784.731
=1.1750345

Kwoon Chung Bus Holdings's current ratio of this year was 1.2072735. Kwoon Chung Bus Holdings's current ratio of last year was 1.1750345. ==> 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.

Kwoon Chung Bus Holdings's number of shares in issue this year was 476.777. Kwoon Chung Bus Holdings's number of shares in issue last year was 476.777. ==> 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
=661.887/2529.916
=0.2616241

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=456.795/2095.417
=0.21799718

Kwoon Chung Bus Holdings's gross margin of this year was 0.2616241. Kwoon Chung Bus Holdings's gross margin of last year was 0.21799718. ==> 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 (Mar24)
=2529.916/4577.449
=0.55269125

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=2095.417/4744.268
=0.4416734

Kwoon Chung Bus Holdings's asset turnover of this year was 0.55269125. Kwoon Chung Bus Holdings's asset turnover of last year was 0.4416734. ==> 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+1+1+0+1+1+1+1
=8

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

Kwoon Chung Bus Holdings has an F-score of 8. 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 8 mean?
Kwoon Chung Bus Holdings (HKSE:00306) has a Piotroski F-Score of 8 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kwoon Chung Bus Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Kwoon Chung Bus Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kwoon Chung Bus Holdings ranks #27 out of 977 companies in the Transportation industry, placing it in the top 2.8%.
Is Kwoon Chung Bus Holdings' Piotroski F-Score too high?
Kwoon Chung Bus Holdings' current Piotroski F-Score of 8 is 60% above 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 8.00. The Transportation industry median Piotroski F-Score is 6.00. Kwoon Chung Bus Holdings' value of 8 is 33.3% above this industry median. Based on the distribution chart, Kwoon Chung Bus Holdings ranks #27 out of 977 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Kwoon Chung Bus Holdings has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kwoon Chung Bus Holdings' Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Kwoon Chung Bus Holdings ranks #27 out of 977 companies for Piotroski F-Score. This places Kwoon Chung Bus Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Kwoon Chung Bus Holdings' value of 8 is 33.3% above this benchmark. Historically, Kwoon Chung Bus Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Kwoon Chung Bus 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 977 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. Kwoon Chung Bus Holdings's current Piotroski F-Score of 8 is 33.3% 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 Kwoon Chung Bus Holdings and its competitors. For the Transportation 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. Kwoon Chung Bus Holdings's current Piotroski F-Score is 8, which is 60% above 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 Kwoon Chung Bus Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kwoon Chung Bus Holdings (HKSE:00306) is currently considered Fairly Valued. The stock's GF Value™ is HK$3.02, compared to a current price of HK$2.79 — trading 7.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Transportation industry median of 6.00. Kwoon Chung Bus Holdings' overall GF Score™ is 74/100 with 4 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 Kwoon Chung Bus Holdings (HKSE:00306), the current Piotroski F-Score is 8 as of Jul. 20, 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 Kwoon Chung Bus Holdings (HKSE:00306) Overvalued in 2026?

Based on GuruFocus' analysis, Kwoon Chung Bus Holdings stock appears to be undervalued. The current stock price of HK$2.79 is trading 7.6% below its estimated GF Value™ of HK$3.02. GuruFocus considers Kwoon Chung Bus Holdings to be Fairly Valued.

Key valuation signals for HKSE:00306:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: HK$3.02 vs. price of HK$2.79 (7.6% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 33.3% above the Transportation median (#27 of 977)

No single metric tells the full story. See the HKSE:00306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kwoon Chung Bus Holdings Business Description

Address 8 Chong Fu Road, 3rd Floor, Chai Wan, Hong Kong, HKG
Kwoon Chung Bus Holdings Ltd is engaged in transportation businesses. The company's operating segment includes a Non-franchised Bus; Limousine; Franchised Bus and PLB; Mainland China Business and Others. It generates maximum revenue from the Non-franchised bus segment. The Non-franchised bus segment includes the provision of non-franchised bus hire services in Hong Kong, cross-boundary passenger transportation services (other than limousine hire services) between Hong Kong and Mainland China, and other related services. Geographically, it operates in Hong Kong and Macau; and Chinese Mainland.
74GF Score

Get the complete analysis for HKSE:00306

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

HK$2.79
Price
HK$3.02
GF Value