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Infinity Development Holdings Co (HKSE:00640) 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.
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.
Infinity Development Holdings Co Piotroski F-Score Related Terms
Infinity Development Holdings Co 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.
Infinity Development Holdings Co Piotroski F-Score Chart
HKSE:00640 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Infinity Development Holdings Co'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.
Infinity Development Holdings Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Infinity Development Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Infinity Development Holdings Co'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.
Infinity Development Holdings Co's current Net Income (TTM) was 122.2.
==> 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.
Infinity Development Holdings Co's current Cash Flow from Operations (TTM) was 138.3.
==> 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.
Infinity Development Holdings Co's return on assets of this year was 0.14911969. Infinity Development Holdings Co's return on assets of last year was 0.13478077.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Infinity Development Holdings Co's gearing of this year was 0.00530027. Infinity Development Holdings Co's gearing of last year was 0.00349266.
==> 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
Infinity Development Holdings Co's current ratio of this year was 3.02608561. Infinity Development Holdings Co's current ratio of last year was 2.85642201.
==> 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.
Infinity Development Holdings Co's number of shares in issue this year was 281.676. Infinity Development Holdings Co's number of shares in issue last year was 281.676.
==> 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.
Infinity Development Holdings Co's gross margin of this year was 0.3793724. Infinity Development Holdings Co's gross margin of last year was 0.37678349.
==> 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
Infinity Development Holdings Co's asset turnover of this year was 1.01918897. Infinity Development Holdings Co's asset turnover of last year was 0.98837979.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Infinity Development Holdings Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Infinity Development Holdings Co (HKSE:00640) has a Piotroski F-Score of 8 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Infinity Development Holdings Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Infinity Development Holdings Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Infinity Development Holdings Co ranks #47 out of 1564 companies in the Chemicals industry, placing it in the top 3%.
Is Infinity Development Holdings Co's Piotroski F-Score too high?
Infinity Development Holdings Co's current Piotroski F-Score of 8 is 33% above 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 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Infinity Development Holdings Co's value of 8 is 60% above this industry median. Based on the distribution chart, Infinity Development Holdings Co ranks #47 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Infinity Development Holdings Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Infinity Development Holdings Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Infinity Development Holdings Co ranks #47 out of 1564 companies for Piotroski F-Score. This places Infinity Development Holdings Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Infinity Development Holdings Co's value of 8 is 60% above this benchmark. Historically, Infinity Development Holdings Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Infinity Development Holdings Co 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. Infinity Development Holdings Co's current Piotroski F-Score of 8 is 60% 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 Infinity Development Holdings Co and its competitors. For the Chemicals 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. Infinity Development Holdings Co's current Piotroski F-Score is 8, which is 33% 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 Infinity Development Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Infinity Development Holdings Co (HKSE:00640) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.85, compared to a current price of HK$2.43 — trading 31.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Chemicals industry median of 5.00. Infinity Development Holdings Co's overall GF Score™ is 82/100 with 1 warning sign 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 Infinity Development Holdings Co (HKSE:00640), the current Piotroski F-Score is 8 as of Aug. 10, 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 Infinity Development Holdings Co (HKSE:00640) Overvalued in 2026?
Based on GuruFocus' analysis, Infinity Development Holdings Co stock appears to be overvalued.
The current stock price of HK$2.43 is trading 31.4% above its estimated GF Value™ of HK$1.85.
GuruFocus considers Infinity Development Holdings Co to be Significantly Overvalued.
Key valuation signals for HKSE:00640:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: HK$1.85 vs. price of HK$2.43 (31.4% above fair value)
Industry Position: 60% above the Chemicals median (#47 of 1564)
No single metric tells the full story. See the HKSE:00640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Infinity Development Holdings Co Ltd is a Hong Kong-based investment holding company. Along with its subsidiaries, the company is principally engaged in the manufacture and sale of adhesives, primers, hardeners and other adhesive related products. The company's main products include adhesives, hardeners, and other industrial adhesives and related chemical products for the footwear industry. Geographically, it generates the maximum revenue from Vietnam and the rest from PRC, Indonesia, Bangladesh and India.
82GF Score
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