Yau Lee Holdings (HKSE:00406) Piotroski F-Score: 4 (As of Aug. 30, 2026) — 33% Below Median

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HKSE:00406 Yau Lee Holdings Ltd HKSE:00406
42 GF Score
Price HK$0.51
GF Value HK$1.45
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Yau Lee Holdings Piotroski F-Score?

Yau Lee Holdings HKSE:00406 42 Piotroski F-Score is 4 as of Aug. 30, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates HKSE:00406 with a GF Score™ of 42/100 and a GF Value™ of HK$1.45 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,743 Construction companies, Yau Lee Holdings ranks worse than 65.4% 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

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

HKSE:00406' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Yau Lee Holdings was 8. The lowest was 3. And the median was 6.

Yau Lee Holdings  (HKSE:00406) 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.


Yau Lee Holdings Piotroski F-Score Related Terms


Yau Lee Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yau Lee 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.

Yau Lee Holdings Piotroski F-Score Chart

Yau Lee 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 4.00 6.00 3.00 4.00

Yau Lee 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 3.00 0.00 4.00

HKSE:00406 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Yau Lee 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.


Yau Lee Holdings Piotroski F-Score vs Construction Industry

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

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


HKSE:00406
42GF Score
Yau Lee Holdings Ltd HKSE:00406
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$-204 Mil.
Cash Flow from Operations was HK$126 Mil.
Revenue was HK$10,922 Mil.
Gross Profit was HK$447 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (6571.231 + 7170.643) / 2 = HK$6870.937 Mil.
Total Assets at the begining of this year (Mar25) was HK$6,571 Mil.
Long-Term Debt & Capital Lease Obligation was HK$597 Mil.
Total Current Assets was HK$5,566 Mil.
Total Current Liabilities was HK$5,289 Mil.
Net Income was HK$-99 Mil.

Revenue was HK$9,623 Mil.
Gross Profit was HK$135 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5726.115 + 6571.231) / 2 = HK$6148.673 Mil.
Total Assets at the begining of last year (Mar24) was HK$5,726 Mil.
Long-Term Debt & Capital Lease Obligation was HK$473 Mil.
Total Current Assets was HK$4,971 Mil.
Total Current Liabilities was HK$4,652 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.

Yau Lee Holdings's current Net Income (TTM) was -204. ==> 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.

Score 1 if positive, 0 if negative.

Yau Lee Holdings's current Cash Flow from Operations (TTM) was 126. ==> 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)
=-203.774/6571.231
=-0.03101002

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-98.884/5726.115
=-0.01726895

Yau Lee Holdings's return on assets of this year was -0.03101002. Yau Lee Holdings's return on assets of last year was -0.01726895. ==> 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.

Yau Lee Holdings's current Net Income (TTM) was -204. Yau Lee Holdings's current Cash Flow from Operations (TTM) was 126. ==> 126 > -204 ==> 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
=596.893/6870.937
=0.08687214

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=472.717/6148.673
=0.07688114

Yau Lee Holdings's gearing of this year was 0.08687214. Yau Lee Holdings's gearing of last year was 0.07688114. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=5566.253/5288.931
=1.05243441

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4971.047/4651.892
=1.06860757

Yau Lee Holdings's current ratio of this year was 1.05243441. Yau Lee Holdings's current ratio of last year was 1.06860757. ==> Last year's current ratio is higher ==> Score 0.

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.

Yau Lee Holdings's number of shares in issue this year was 438.054. Yau Lee Holdings's number of shares in issue last year was 438.054. ==> 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
=447.382/10922.441
=0.04095989

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=134.941/9623.007
=0.01402275

Yau Lee Holdings's gross margin of this year was 0.04095989. Yau Lee Holdings's gross margin of last year was 0.01402275. ==> 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 (Mar25)
=10922.441/6571.231
=1.66216056

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9623.007/5726.115
=1.68054728

Yau Lee Holdings's asset turnover of this year was 1.66216056. Yau Lee Holdings's asset turnover of last year was 1.68054728. ==> 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
=0+1+0+1+0+0+1+1+0
=4

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

Yau Lee Holdings has an F-score of 4 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 4 mean?
Yau Lee Holdings (HKSE:00406) has a Piotroski F-Score of 4 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yau Lee Holdings and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Yau Lee Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Yau Lee Holdings ranks #1140 out of 1743 companies in the Construction industry, placing it in the top 65.4%.
Is Yau Lee Holdings' Piotroski F-Score too high?
Yau Lee Holdings' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Yau Lee Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Yau Lee Holdings ranks #1140 out of 1743 companies in the Construction industry, which is below the industry midpoint. Overall, Yau Lee Holdings has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yau Lee Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Yau Lee Holdings ranks #1140 out of 1743 companies for Piotroski F-Score. This places Yau Lee Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Yau Lee Holdings' value of 4 is 20% below this benchmark. Historically, Yau Lee 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 6.00 vs. the industry median of 5.00, Yau Lee 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,743 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. Yau Lee 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 Yau Lee 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. Yau Lee Holdings's current Piotroski F-Score is 4, which is 33% 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 Yau Lee Holdings stock overvalued right now?
Based on GuruFocus' analysis, Yau Lee Holdings (HKSE:00406) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.45, compared to a current price of HK$0.51 — trading 65.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Construction industry median of 5.00. Yau Lee Holdings' overall GF Score™ is 42/100 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 Yau Lee Holdings (HKSE:00406), the current Piotroski F-Score is 4 as of Aug. 30, 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 Yau Lee Holdings (HKSE:00406) Overvalued in 2026?

Based on GuruFocus' analysis, Yau Lee Holdings stock appears to be undervalued. The current stock price of HK$0.51 is trading 65.2% below its estimated GF Value™ of HK$1.45. GuruFocus considers Yau Lee Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00406:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: HK$1.45 vs. price of HK$0.51 (65.2% below fair value)
  • GF Score™: 42/100 with 5 warning signs
  • Industry Position: 20% below the Construction median (#1140 of 1743)

No single metric tells the full story. See the HKSE:00406 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yau Lee Holdings Business Description

Address 9 Sheung Yuet Road, 10th Floor, Tower 1, Enterprise Square, Kowloon Bay, Hong Kong, HKG
Yau Lee Holdings Ltd is an investment holding company. The company's operating segments include Construction, Electrical and mechanical installation, Building materials supply, Property investment and development, Hotel Operations, and Others. The company generates maximum revenue from the Construction segment which includes contracting of building construction, plumbing, renovation, maintenance, and fitting-out projects. Geographically, the company derives a majority of its revenue from Hong Kong.
42GF Score

Get the complete analysis for HKSE:00406

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

HK$0.51
Price
HK$1.45
GF Value