Four Seas Mercantile Holdings (HKSE:00374) Piotroski F-Score: 7 (As of Aug. 23, 2026) — Near Median

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HKSE:00374 Four Seas Mercantile Holdings Ltd HKSE:00374
55 GF Score
Price HK$2.50
GF Value HK$2.49
Valuation Fairly Valued
! 5 Warning Signs
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What is Four Seas Mercantile Holdings Piotroski F-Score?

Four Seas Mercantile Holdings HKSE:00374 55 Piotroski F-Score is 7 as of Aug. 23, 2026, which is at its 10-year median of 7.00. GuruFocus rates HKSE:00374 with a GF Score™ of 55/100 and a GF Value™ of HK$2.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Four Seas Mercantile Holdings ranks better than 88.83% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Four Seas Mercantile Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Four Seas Mercantile Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:00374' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Four Seas Mercantile Holdings was 8. The lowest was 4. And the median was 7.

Four Seas Mercantile Holdings  (HKSE:00374) 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.


Four Seas Mercantile Holdings Piotroski F-Score Related Terms


Four Seas Mercantile Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Four Seas Mercantile 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.

Four Seas Mercantile Holdings Piotroski F-Score Chart

Four Seas Mercantile 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 7.00 7.00 6.00 6.00 7.00

Four Seas Mercantile 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 6.00 0.00 6.00 0.00 7.00

HKSE:00374 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Four Seas Mercantile 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.


Four Seas Mercantile Holdings Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Four Seas Mercantile Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Four Seas Mercantile Holdings's Piotroski F-Score falls into.


HKSE:00374
55GF Score
Four Seas Mercantile Holdings Ltd HKSE:00374
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was HK$13 Mil.
Cash Flow from Operations was HK$237 Mil.
Revenue was HK$3,743 Mil.
Gross Profit was HK$862 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3172.765 + 3203.9) / 2 = HK$3188.3325 Mil.
Total Assets at the begining of this year (Mar25) was HK$3,173 Mil.
Long-Term Debt & Capital Lease Obligation was HK$363 Mil.
Total Current Assets was HK$1,871 Mil.
Total Current Liabilities was HK$1,594 Mil.
Net Income was HK$10 Mil.

Revenue was HK$3,625 Mil.
Gross Profit was HK$868 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2928.143 + 3172.765) / 2 = HK$3050.454 Mil.
Total Assets at the begining of last year (Mar24) was HK$2,928 Mil.
Long-Term Debt & Capital Lease Obligation was HK$376 Mil.
Total Current Assets was HK$1,800 Mil.
Total Current Liabilities was HK$1,559 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.

Four Seas Mercantile Holdings's current Net Income (TTM) was 13. ==> 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.

Four Seas Mercantile Holdings's current Cash Flow from Operations (TTM) was 237. ==> 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 (Mar25)
=13.075/3172.765
=0.00412101

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10.164/2928.143
=0.00347114

Four Seas Mercantile Holdings's return on assets of this year was 0.00412101. Four Seas Mercantile Holdings's return on assets of last year was 0.00347114. ==> 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.

Four Seas Mercantile Holdings's current Net Income (TTM) was 13. Four Seas Mercantile Holdings's current Cash Flow from Operations (TTM) was 237. ==> 237 > 13 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=363.223/3188.3325
=0.11392256

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=376.169/3050.454
=0.12331574

Four Seas Mercantile Holdings's gearing of this year was 0.11392256. Four Seas Mercantile Holdings's gearing of last year was 0.12331574. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1871.265/1593.521
=1.17429579

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1800.258/1558.899
=1.15482658

Four Seas Mercantile Holdings's current ratio of this year was 1.17429579. Four Seas Mercantile Holdings's current ratio of last year was 1.15482658. ==> 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.

Four Seas Mercantile Holdings's number of shares in issue this year was 380.059. Four Seas Mercantile Holdings's number of shares in issue last year was 383.081. ==> 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
=861.821/3743.051
=0.23024559

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=868.285/3625.422
=0.23949902

Four Seas Mercantile Holdings's gross margin of this year was 0.23024559. Four Seas Mercantile Holdings's gross margin of last year was 0.23949902. ==> 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 (Mar25)
=3743.051/3172.765
=1.17974417

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3625.422/2928.143
=1.2381301

Four Seas Mercantile Holdings's asset turnover of this year was 1.17974417. Four Seas Mercantile Holdings's asset turnover of last year was 1.2381301. ==> 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+1+1+1+1+1+0+0
=7

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

Four Seas Mercantile Holdings has an F-score of 7. 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 7 mean?
Four Seas Mercantile Holdings (HKSE:00374) has a Piotroski F-Score of 7 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Four Seas Mercantile Holdings and its competitors. This is near median its historical median of 7.00. Over the past decade, Four Seas Mercantile Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Four Seas Mercantile Holdings ranks #214 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 11.2%.
Is Four Seas Mercantile Holdings' Piotroski F-Score too high?
Four Seas Mercantile Holdings' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Four Seas Mercantile Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Four Seas Mercantile Holdings ranks #214 out of 1916 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Four Seas Mercantile Holdings has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Seas Mercantile Holdings' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Four Seas Mercantile Holdings ranks #214 out of 1916 companies for Piotroski F-Score. This places Four Seas Mercantile Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Four Seas Mercantile Holdings' value of 7 is 40% above this benchmark. Historically, Four Seas Mercantile Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Four Seas Mercantile 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,916 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. Four Seas Mercantile Holdings's current Piotroski F-Score of 7 is 40% 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 Four Seas Mercantile Holdings and its competitors. For the Consumer Packaged Goods 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. Four Seas Mercantile Holdings's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Seas Mercantile Holdings stock overvalued right now?
Based on GuruFocus' analysis, Four Seas Mercantile Holdings (HKSE:00374) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.49, compared to a current price of HK$2.50 — trading 0.4% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Four Seas Mercantile Holdings' overall GF Score™ is 55/100 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 Four Seas Mercantile Holdings (HKSE:00374), the current Piotroski F-Score is 7 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 Four Seas Mercantile Holdings (HKSE:00374) Overvalued in 2026?

Based on GuruFocus' analysis, Four Seas Mercantile Holdings stock appears to be overvalued. The current stock price of HK$2.50 is trading 0.4% above its estimated GF Value™ of HK$2.49. GuruFocus considers Four Seas Mercantile Holdings to be Fairly Valued.

Key valuation signals for HKSE:00374:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: HK$2.49 vs. price of HK$2.50 (0.4% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#214 of 1916)

No single metric tells the full story. See the HKSE:00374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Four Seas Mercantile Holdings Business Description

Address No. 41 King Yip Street, 31st Floor, Four Seas Group Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Four Seas Mercantile Holdings Ltd is an investment holding company. The company's geographical segment includes Hong Kong; Mainland China and Japan. The company generates maximum revenue from Hong Kong. The Hong Kong segment is engaged in the operation of restaurants, the manufacture and trading of snack foods, confectionery, beverages, frozen food products, ham and ham-related products and noodles, as well as the retailing of snack foods, confectionery and beverages, and providing catering services in Hong Kong.
55GF Score

Get the complete analysis for HKSE:00374

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

HK$2.50
Price
HK$2.49
GF Value