Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asset ChainHKSE:00616 +2.97%29 Piotroski F-Score is 4 as of Aug. 17, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates HKSE:00616 with a GF Score™ of 29/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,753 Real Estate companies, Asset Chain ranks worse than 62.92% 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
Asset Chain 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 Asset Chain's Piotroski F-Score or its related term are showing as below:
HKSE:00616'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 5
Current: 4
During the past 13 years, the highest Piotroski F-Score of Asset Chain was 5. The lowest was 1. And the median was 3.
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.
Asset Chain Piotroski F-Score Related Terms
Asset Chain Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asset Chain'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:00616 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Asset Chain'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.
Asset Chain Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Asset Chain's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asset Chain'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.
Asset Chain's current Net Income (TTM) was -74.05.
==> 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.
Asset Chain's return on assets of this year was -0.015294. Asset Chain's return on assets of last year was -0.06753781.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asset Chain's gearing of this year was 0.0588637. Asset Chain's gearing of last year was 0.07126794.
==> 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
Asset Chain's current ratio of this year was 1.55614149. Asset Chain's current ratio of last year was 2.27184598.
==> 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.
Asset Chain's number of shares in issue this year was 1273.201. Asset Chain's number of shares in issue last year was 450.371.
==> 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.
Asset Chain's gross margin of this year was 0.32306945. Asset Chain's gross margin of last year was 0.5982121.
==> 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 Chain's asset turnover of this year was 0.01998067. Asset Chain's asset turnover of last year was 0.00829333.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
0
+
0
+
1
+
1
+
1
+
0
+
0
+
0
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asset Chain has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Asset Chain (HKSE:00616) has a Piotroski F-Score of 4 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asset Chain and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Asset Chain's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Asset Chain ranks #1103 out of 1753 companies in the Real Estate industry, placing it in the top 62.9%.
Is Asset Chain's Piotroski F-Score too high?
Asset Chain's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Real Estate industry median Piotroski F-Score is 5.00. Asset Chain's value of 4 is 20% below this industry median. Based on the distribution chart, Asset Chain ranks #1103 out of 1753 companies in the Real Estate industry, which is below the industry midpoint. Overall, Asset Chain has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asset Chain's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Asset Chain ranks #1103 out of 1753 companies for Piotroski F-Score. This places Asset Chain in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Asset Chain's value of 4 is 20% below this benchmark. Historically, Asset Chain's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Asset Chain 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Asset Chain'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 Asset Chain and its competitors. For the Real Estate 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. Asset Chain's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Chain stock overvalued right now?
Based on GuruFocus' analysis, Asset Chain (HKSE:00616) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.10 — trading 108% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Real Estate industry median of 5.00. Asset Chain's overall GF Score™ is 29/100 with 7 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 Asset Chain (HKSE:00616), the current Piotroski F-Score is 4 as of Aug. 17, 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 Asset Chain (HKSE:00616) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Chain stock appears to be overvalued.
The current stock price of HK$0.10 is trading 108% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Asset Chain to be Significantly Overvalued.
Key valuation signals for HKSE:00616:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: HK$0.05 vs. price of HK$0.10 (108% above fair value)
Industry Position: 20% below the Real Estate median (#1103 of 1753)
No single metric tells the full story. See the HKSE:00616 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Chain Ltd, formerly known as Eminence Enterprise Ltd, is principally engaged in property investment, property development, investment in securities and loan financing business segments. The company owns and invests in residential, commercial, and industrial properties. It is also involved sourcing and exporting garments, and holding and leasing residential and industrial investment properties. The firm generates its majority revenue from the Property investment segment. The company's operations are located in Hong Kong and Singapore.
29GF Score
Get the complete analysis for HKSE:00616
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00616 has been successfully added to your 
