Superland Group Holdings (HKSE:00368) Piotroski F-Score: 5 (As of Aug. 22, 2026) — Near Median

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HKSE:00368 Superland Group Holdings Ltd HKSE:00368
49 GF Score
Price HK$4.19
GF Value HK$0.29
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Superland Group Holdings Piotroski F-Score?

Superland Group Holdings HKSE:00368 -1.18% 49 Piotroski F-Score is 5 as of Aug. 22, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:00368 with a GF Score™ of 49/100 and a GF Value™ of HK$0.29 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,738 Construction companies, Superland Group Holdings ranks better than 52.76% 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

Superland Group Holdings 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 Superland Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:00368' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 5
Current: 5

During the past 9 years, the highest Piotroski F-Score of Superland Group Holdings was 5. The lowest was 3. And the median was 5.

Superland Group Holdings  (HKSE:00368) 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.


Superland Group Holdings Piotroski F-Score Related Terms


Superland Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Superland Group 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.

Superland Group Holdings Piotroski F-Score Chart

Superland Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 3.00 5.00 5.00

Superland Group Holdings Semi-Annual Data
Dec17 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 3.00 0.00 5.00 0.00 5.00

HKSE:00368 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Superland Group 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.


Superland Group Holdings Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Superland Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Superland Group Holdings's Piotroski F-Score falls into.


HKSE:00368
49GF Score
Superland Group Holdings Ltd HKSE:00368
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$22.3 Mil.
Cash Flow from Operations was HK$14.1 Mil.
Revenue was HK$900.8 Mil.
Gross Profit was HK$117.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1065.422 + 1007.808) / 2 = HK$1036.615 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,065.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$6.7 Mil.
Total Current Assets was HK$883.6 Mil.
Total Current Liabilities was HK$770.7 Mil.
Net Income was HK$18.9 Mil.

Revenue was HK$902.3 Mil.
Gross Profit was HK$120.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (870.322 + 1065.422) / 2 = HK$967.872 Mil.
Total Assets at the begining of last year (Dec23) was HK$870.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$17.2 Mil.
Total Current Assets was HK$937.7 Mil.
Total Current Liabilities was HK$827.4 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.

Superland Group Holdings's current Net Income (TTM) was 22.3. ==> 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.

Score 1 if positive, 0 if negative.

Superland Group Holdings's current Cash Flow from Operations (TTM) was 14.1. ==> 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)
=22.273/1065.422
=0.02090533

ROA (Last Year)=Net Income/Total Assets (Dec23)
=18.884/870.322
=0.02169772

Superland Group Holdings's return on assets of this year was 0.02090533. Superland Group Holdings's return on assets of last year was 0.02169772. ==> 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.

Superland Group Holdings's current Net Income (TTM) was 22.3. Superland Group Holdings's current Cash Flow from Operations (TTM) was 14.1. ==> 14.1 <= 22.3 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=6.739/1036.615
=0.00650097

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=17.153/967.872
=0.01772238

Superland Group Holdings's gearing of this year was 0.00650097. Superland Group Holdings's gearing of last year was 0.01772238. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=883.571/770.675
=1.14648977

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=937.713/827.424
=1.133292

Superland Group Holdings's current ratio of this year was 1.14648977. Superland Group Holdings's current ratio of last year was 1.133292. ==> 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.

Superland Group Holdings's number of shares in issue this year was 800. Superland Group Holdings's number of shares in issue last year was 800. ==> 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
=117.575/900.832
=0.13051823

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=120.939/902.316
=0.13403176

Superland Group Holdings's gross margin of this year was 0.13051823. Superland Group Holdings's gross margin of last year was 0.13403176. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=900.832/1065.422
=0.84551661

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=902.316/870.322
=1.03676111

Superland Group Holdings's asset turnover of this year was 0.84551661. Superland Group Holdings's asset turnover of last year was 1.03676111. ==> 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+1+1+1+0+0
=5

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

Superland Group Holdings 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?
Superland Group Holdings (HKSE:00368) has a Piotroski F-Score of 5 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Superland Group Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Superland Group Holdings' Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Superland Group Holdings ranks #821 out of 1738 companies in the Construction industry, placing it in the top 47.2%.
Is Superland Group Holdings' Piotroski F-Score too high?
Superland Group Holdings' current Piotroski F-Score of 5 is near 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 5.00. The Construction industry median Piotroski F-Score is 5.00. Superland Group Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Superland Group Holdings ranks #821 out of 1738 companies in the Construction industry, which is above the industry midpoint. Overall, Superland Group Holdings has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Superland Group Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Superland Group Holdings ranks #821 out of 1738 companies for Piotroski F-Score. This puts Superland Group Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Superland Group Holdings' value of 5 is 0% at this benchmark. Historically, Superland Group Holdings' own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Superland Group Holdings 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 1,738 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. Superland Group Holdings'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 Superland Group Holdings 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. Superland Group Holdings's current Piotroski F-Score is 5, which is near 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 Superland Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Superland Group Holdings (HKSE:00368) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.29, compared to a current price of HK$4.19 — trading 1344.8% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Construction industry median of 5.00. Superland Group Holdings' overall GF Score™ is 49/100 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 Superland Group Holdings (HKSE:00368), the current Piotroski F-Score is 5 as of Aug. 22, 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 Superland Group Holdings (HKSE:00368) Overvalued in 2026?

Based on GuruFocus' analysis, Superland Group Holdings stock appears to be overvalued. The current stock price of HK$4.19 is trading 1344.8% above its estimated GF Value™ of HK$0.29. GuruFocus considers Superland Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:00368:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: HK$0.29 vs. price of HK$4.19 (1344.8% above fair value)
  • GF Score™: 49/100 with 3 warning signs
  • Industry Position: 0% at the Construction median (#821 of 1738)

No single metric tells the full story. See the HKSE:00368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Superland Group Holdings Business Description

Address 8 Wang Hoi Road, 18th Floor, Chevalier Commercial Centre, Kowloon Bay, Hong Kong, HKG
Superland Group Holdings Ltd is a contractor based in Hong Kong providing fitting-out services and repair and maintenance services, registered electrical contractor, registered sub-contractor, and registered minor works contractor in Hong Kong. Its fitting-out services cover ceiling, flooring, wall, lighting, glass, metal, wood, stone, and plastering works conducted on new buildings and property projects. Its repair and maintenance services cover upgrade, restoration, and improvement, and repair, replacement, or installation of interior decorative parts conducted on existing premises. Geographically, the company derives all the revenue from Hong Kong.
49GF Score

Get the complete analysis for HKSE:00368

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

HK$4.19
Price
HK$0.29
GF Value