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Wai Kee HoldingsHKSE:00610 50 Piotroski F-Score is 6 as of Aug. 18, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:00610 with a GF Score™ of 50/100 and a GF Value™ of HK$0.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,738 Construction companies, Wai Kee Holdings ranks better than 74.74% 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
Wai Kee Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Wai Kee Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:00610'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Wai Kee Holdings was 7. The lowest was 4. 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.
Wai Kee Holdings Piotroski F-Score Related Terms
Wai Kee Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Wai Kee 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.
HKSE:00610 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Wai Kee 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.
Wai Kee Holdings Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Wai Kee Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Wai Kee Holdings'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.
Wai Kee Holdings's current Net Income (TTM) was -2,433.
==> 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.
Wai Kee Holdings's return on assets of this year was -0.19245231. Wai Kee Holdings's return on assets of last year was -0.18865685.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Wai Kee Holdings's gearing of this year was 0.04787425. Wai Kee Holdings's gearing of last year was 0.00523471.
==> 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
Wai Kee Holdings's current ratio of this year was 1.37761961. Wai Kee Holdings's current ratio of last year was 1.20158535.
==> 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.
Wai Kee Holdings's number of shares in issue this year was 793.124. Wai Kee Holdings's number of shares in issue last year was 793.124.
==> 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.
Wai Kee Holdings's gross margin of this year was 0.09175545. Wai Kee Holdings's gross margin of last year was 0.09126366.
==> 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
Wai Kee Holdings's asset turnover of this year was 1.10276455. Wai Kee Holdings's asset turnover of last year was 0.88531989.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Wai Kee Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Wai Kee Holdings (HKSE:00610) has a Piotroski F-Score of 6 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wai Kee Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Wai Kee Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Wai Kee Holdings ranks #439 out of 1738 companies in the Construction industry, placing it in the top 25.3%.
Is Wai Kee Holdings' Piotroski F-Score too high?
Wai Kee Holdings' current Piotroski F-Score of 6 is near 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 7.00. The Construction industry median Piotroski F-Score is 5.00. Wai Kee Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Wai Kee Holdings ranks #439 out of 1738 companies in the Construction industry, which is above the industry midpoint. Overall, Wai Kee Holdings has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wai Kee Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Wai Kee Holdings ranks #439 out of 1738 companies for Piotroski F-Score. This puts Wai Kee Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Wai Kee Holdings' value of 6 is 20% above this benchmark. Historically, Wai Kee Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Wai Kee 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 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. Wai Kee Holdings's current Piotroski F-Score of 6 is 20% 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 Wai Kee 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. Wai Kee Holdings's current Piotroski F-Score is 6, which is near 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 Wai Kee Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wai Kee Holdings (HKSE:00610) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.87, compared to a current price of HK$0.94 — trading 7.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Wai Kee Holdings' overall GF Score™ is 50/100 with 6 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 Wai Kee Holdings (HKSE:00610), the current Piotroski F-Score is 6 as of Aug. 18, 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 Wai Kee Holdings (HKSE:00610) Overvalued in 2026?
Based on GuruFocus' analysis, Wai Kee Holdings stock appears to be overvalued.
The current stock price of HK$0.94 is trading 7.5% above its estimated GF Value™ of HK$0.87.
GuruFocus considers Wai Kee Holdings to be Fairly Valued.
Key valuation signals for HKSE:00610:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: HK$0.87 vs. price of HK$0.94 (7.5% above fair value)
Industry Position: 20% above the Construction median (#439 of 1738)
No single metric tells the full story. See the HKSE:00610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wai Kee Holdings Ltd is engaged in construction and material businesses. It operates through three business segments. The Construction, sewage treatment, and steam fuel segment, which is the key revenue-generating segment, engages in the construction of civil engineering and building projects and the operation of sewage treatment plants and steam fuel plants. The Construction Materials segment is engaged in the production and sales of concrete and asphalt. The quarrying segment is engaged in the production and sales of quarry products. Its prime geographical areas of operation include Hong Kong and China. The firm generates the majority of its revenue from the Hong Kong.
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