Tradelink Electronic CommerceHKSE:00536 57 Piotroski F-Score is 7 as of Jul. 12, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:00536 with a GF Score™ of 57/100 and a GF Value™ of HK$0.88 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,740 Software companies, Tradelink Electronic Commerce ranks better than 91.72% 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
Tradelink Electronic Commerce 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 Tradelink Electronic Commerce's Piotroski F-Score or its related term are showing as below:
HKSE:00536'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Tradelink Electronic Commerce was 7. The lowest was 5. And the median was 6.
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.
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.
Tradelink Electronic Commerce Piotroski F-Score Related Terms
Tradelink Electronic Commerce Piotroski F-Score Historical Data
* 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.
HKSE:00536 vs UBER, SHOP, CRM: Piotroski F-Score Comparison
For the Software - Application subindustry, Tradelink Electronic Commerce'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.
Tradelink Electronic Commerce Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Tradelink Electronic Commerce's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tradelink Electronic Commerce's Piotroski F-Score falls into.
* 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.
*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.
Tradelink Electronic Commerce's current Net Income (TTM) was 84.0.
==> 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.
Tradelink Electronic Commerce's current Cash Flow from Operations (TTM) was 73.1.
==> 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.
Tradelink Electronic Commerce's return on assets of this year was 0.15672487. Tradelink Electronic Commerce's return on assets of last year was 0.15022151.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tradelink Electronic Commerce's gearing of this year was 0.00042985. Tradelink Electronic Commerce's gearing of last year was 0.00072477.
==> 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
Tradelink Electronic Commerce's current ratio of this year was 3.30128409. Tradelink Electronic Commerce's current ratio of last year was 3.24241173.
==> 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.
Tradelink Electronic Commerce's number of shares in issue this year was 794.72. Tradelink Electronic Commerce's number of shares in issue last year was 794.634.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Tradelink Electronic Commerce's gross margin of this year was 0.48688324. Tradelink Electronic Commerce's gross margin of last year was 0.46721454.
==> 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
Tradelink Electronic Commerce's asset turnover of this year was 0.47139071. Tradelink Electronic Commerce's asset turnover of last year was 0.45387394.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tradelink Electronic Commerce has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Tradelink Electronic Commerce (HKSE:00536) has a Piotroski F-Score of 7 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tradelink Electronic Commerce and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Tradelink Electronic Commerce's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Tradelink Electronic Commerce ranks #227 out of 2740 companies in the Software industry, placing it in the top 8.3%.
Is Tradelink Electronic Commerce's Piotroski F-Score too high?
Tradelink Electronic Commerce's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Tradelink Electronic Commerce's value of 7 is 40% above this industry median. Based on the distribution chart, Tradelink Electronic Commerce ranks #227 out of 2740 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Tradelink Electronic Commerce has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tradelink Electronic Commerce's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Tradelink Electronic Commerce ranks #227 out of 2740 companies for Piotroski F-Score. This places Tradelink Electronic Commerce in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tradelink Electronic Commerce's value of 7 is 40% above this benchmark. Historically, Tradelink Electronic Commerce's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tradelink Electronic Commerce 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. Tradelink Electronic Commerce'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 Tradelink Electronic Commerce and its competitors. For the Software 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. Tradelink Electronic Commerce's current Piotroski F-Score is 7, which is 17% above 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 Tradelink Electronic Commerce stock overvalued right now?
Based on GuruFocus' analysis, Tradelink Electronic Commerce (HKSE:00536) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.88, compared to a current price of HK$1.13 — trading 28.4% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Tradelink Electronic Commerce's overall GF Score™ is 57/100 with 8 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 Tradelink Electronic Commerce (HKSE:00536), the current Piotroski F-Score is 7 as of Jul. 12, 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 Tradelink Electronic Commerce (HKSE:00536) Overvalued in 2026?
Based on GuruFocus' analysis, Tradelink Electronic Commerce stock appears to be overvalued.
The current stock price of HK$1.13 is trading 28.4% above its estimated GF Value™ of HK$0.88.
GuruFocus considers Tradelink Electronic Commerce to be Modestly Overvalued.
Key valuation signals for HKSE:00536:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: HK$0.88 vs. price of HK$1.13 (28.4% above fair value)
Industry Position: 40% above the Software median (#227 of 2740)
No single metric tells the full story. See the HKSE:00536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tradelink Electronic Commerce Business Description
Tradelink Electronic Commerce Ltd is mainly engaged in the provision of Government Electronic Trading Services (GETS) for processing certain official trade-related documents. It operates in the following segments: E-commerce, which accounts for the majority of revenue; Identity Management; and Other Services. The E-commerce segment is engaged in providing the group's Government Electronic Trading Services and supply chain solutions. The Identity Management segment provides security products, digital certificates, security solutions, and biometric-based authentication solutions for identity management. The Other Services segment comprises handling fees for the conversion of the paper form to electronic messages, income from the provision of technical support, and other project services.
57GF Score
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