FSE Lifestyle Services (HKSE:00331) Piotroski F-Score: 5 (As of Jul. 04, 2026) — 17% Below Median


HKSE:00331 FSE Lifestyle Services Ltd HKSE:00331
79 GF Score
Price HK$5.17
GF Value HK$6.85
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is FSE Lifestyle Services Piotroski F-Score?

FSE Lifestyle Services HKSE:00331 +0.39% 79 Piotroski F-Score is 5 as of Jul. 04, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HKSE:00331 with a GF Score™ of 79/100 and a GF Value™ of HK$6.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,731 Construction companies, FSE Lifestyle Services ranks better than 52.74% 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

FSE Lifestyle Services has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for FSE Lifestyle Services's Piotroski F-Score or its related term are showing as below:

HKSE:00331' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of FSE Lifestyle Services was 8. The lowest was 4. And the median was 6.

FSE Lifestyle Services  (HKSE:00331) 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.


FSE Lifestyle Services Piotroski F-Score Related Terms


FSE Lifestyle Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FSE Lifestyle Services'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.

FSE Lifestyle Services Piotroski F-Score Chart

FSE Lifestyle Services Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 5.00

FSE Lifestyle Services 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 0.00 5.00 0.00 5.00 0.00

HKSE:00331 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, FSE Lifestyle Services'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.


FSE Lifestyle Services Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, FSE Lifestyle Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where FSE Lifestyle Services's Piotroski F-Score falls into.


HKSE:00331
79GF Score
FSE Lifestyle Services Ltd HKSE:00331
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was HK$453 Mil.
Cash Flow from Operations was HK$332 Mil.
Revenue was HK$8,160 Mil.
Gross Profit was HK$1,054 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (3949.672 + 4372.644) / 2 = HK$4161.158 Mil.
Total Assets at the begining of this year (Jun24) was HK$3,950 Mil.
Long-Term Debt & Capital Lease Obligation was HK$370 Mil.
Total Current Assets was HK$3,962 Mil.
Total Current Liabilities was HK$2,665 Mil.
Net Income was HK$501 Mil.

Revenue was HK$8,448 Mil.
Gross Profit was HK$1,059 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (3990.434 + 3949.672) / 2 = HK$3970.053 Mil.
Total Assets at the begining of last year (Jun23) was HK$3,990 Mil.
Long-Term Debt & Capital Lease Obligation was HK$10 Mil.
Total Current Assets was HK$3,645 Mil.
Total Current Liabilities was HK$2,871 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.

FSE Lifestyle Services's current Net Income (TTM) was 453. ==> 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.

FSE Lifestyle Services's current Cash Flow from Operations (TTM) was 332. ==> 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 (Jun24)
=453.214/3949.672
=0.11474725

ROA (Last Year)=Net Income/Total Assets (Jun23)
=501.1/3990.434
=0.12557531

FSE Lifestyle Services's return on assets of this year was 0.11474725. FSE Lifestyle Services's return on assets of last year was 0.12557531. ==> 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.

FSE Lifestyle Services's current Net Income (TTM) was 453. FSE Lifestyle Services's current Cash Flow from Operations (TTM) was 332. ==> 332 <= 453 ==> CFROA <= ROA ==> Score 0.

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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=370.464/4161.158
=0.08902906

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=10.027/3970.053
=0.00252566

FSE Lifestyle Services's gearing of this year was 0.08902906. FSE Lifestyle Services's gearing of last year was 0.00252566. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=3961.747/2665.377
=1.48637397

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=3645.101/2871.117
=1.26957592

FSE Lifestyle Services's current ratio of this year was 1.48637397. FSE Lifestyle Services's current ratio of last year was 1.26957592. ==> 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.

FSE Lifestyle Services's number of shares in issue this year was 450. FSE Lifestyle Services's number of shares in issue last year was 450. ==> 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
=1053.514/8159.887
=0.1291089

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1059.214/8447.943
=0.12538129

FSE Lifestyle Services's gross margin of this year was 0.1291089. FSE Lifestyle Services's gross margin of last year was 0.12538129. ==> 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 (Jun24)
=8159.887/3949.672
=2.06596573

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=8447.943/3990.434
=2.11704867

FSE Lifestyle Services's asset turnover of this year was 2.06596573. FSE Lifestyle Services's asset turnover of last year was 2.11704867. ==> Last year's asset turnover is higher ==> Score 0.

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+0+0+1+1+1+0
=5

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

FSE Lifestyle Services has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
FSE Lifestyle Services (HKSE:00331) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FSE Lifestyle Services and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, FSE Lifestyle Services' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, FSE Lifestyle Services ranks #818 out of 1731 companies in the Construction industry, placing it in the top 47.3%.
Is FSE Lifestyle Services' Piotroski F-Score too high?
FSE Lifestyle Services' current Piotroski F-Score of 5 is 17% below 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 Construction industry median Piotroski F-Score is 5.00. FSE Lifestyle Services' value of 5 is 0% at this industry median. Based on the distribution chart, FSE Lifestyle Services ranks #818 out of 1731 companies in the Construction industry, which is above the industry midpoint. Overall, FSE Lifestyle Services has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FSE Lifestyle Services' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, FSE Lifestyle Services ranks #818 out of 1731 companies for Piotroski F-Score. This puts FSE Lifestyle Services in the upper half of its industry. The industry median Piotroski F-Score is 5.00. FSE Lifestyle Services' value of 5 is 0% at this benchmark. Historically, FSE Lifestyle Services' 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, FSE Lifestyle Services has consistently been at 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. FSE Lifestyle Services's current Piotroski F-Score of 5 is 0% at 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 FSE Lifestyle Services and its competitors. For the Construction 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. FSE Lifestyle Services's current Piotroski F-Score is 5, which is 17% below 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 FSE Lifestyle Services stock overvalued right now?
Based on GuruFocus' analysis, FSE Lifestyle Services (HKSE:00331) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$6.85, compared to a current price of HK$5.17 — trading 24.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Construction industry median of 5.00. FSE Lifestyle Services' overall GF Score™ is 79/100 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 FSE Lifestyle Services (HKSE:00331), the current Piotroski F-Score is 5 as of Jul. 04, 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 FSE Lifestyle Services (HKSE:00331) Overvalued in 2026?

Based on GuruFocus' analysis, FSE Lifestyle Services stock appears to be undervalued. The current stock price of HK$5.17 is trading 24.5% below its estimated GF Value™ of HK$6.85. GuruFocus considers FSE Lifestyle Services to be Modestly Undervalued.

Key valuation signals for HKSE:00331:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: HK$6.85 vs. price of HK$5.17 (24.5% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 0% at the Construction median (#818 of 1731)

No single metric tells the full story. See the HKSE:00331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FSE Lifestyle Services Business Description

Address Units 801-810, No. 8 Wang Hoi Road, 8th Floor, Chevalier Commercial Centre, Kowloon Bay, Kowloon, Hong Kong, HKG
FSE Lifestyle Services Ltd is an investment holding company operating mainly in Hong Kong, Mainland China, and Macau. Along with its subsidiaries, the company provides services through three key segments: property and facility management, city essential services, and electrical and mechanical engineering services. The property and facility management segment offers building management, property agency, car park management, and security services. City essential services include cleaning, pest control, waste disposal, recycling, environmental solutions, insurance, and event services. The electrical and mechanical segment focuses on engineering and consultancy related to installations. The majority of revenue is generated from the Property & facility management services segment.
79GF Score

Get the complete analysis for HKSE:00331

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

HK$5.17
Price
HK$6.85
GF Value