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Value Convergence HoldingsHKSE:00821 +3.45%29 Piotroski F-Score is 6 as of Jul. 23, 2026, which is 100% above its 10-year median of 3.00. GuruFocus rates HKSE:00821 with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 784 Capital Markets companies, Value Convergence Holdings ranks better than 82.02% 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
Value Convergence 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 Value Convergence Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:00821'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of Value Convergence Holdings was 6. The lowest was 2. And the median was 3.
Value Convergence Holdings (HKSE:00821) 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.
Value Convergence Holdings Piotroski F-Score Related Terms
Value Convergence Holdings 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.
Value Convergence Holdings Piotroski F-Score Chart
HKSE:00821 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Value Convergence 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.
Value Convergence Holdings Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Value Convergence Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Value Convergence 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.
Value Convergence Holdings's current Net Income (TTM) was -62.60.
==> 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.
Value Convergence Holdings's current Cash Flow from Operations (TTM) was 48.97.
==> 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.
Value Convergence Holdings's return on assets of this year was -0.13862458. Value Convergence Holdings's return on assets of last year was -0.22564271.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Value Convergence Holdings's gearing of this year was 0.01023741. Value Convergence Holdings's gearing of last year was 0.03276013.
==> 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
Value Convergence Holdings's current ratio of this year was 3.38070562. Value Convergence Holdings's current ratio of last year was 8.06365785.
==> 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.
Value Convergence Holdings's number of shares in issue this year was 262.454. Value Convergence Holdings's number of shares in issue last year was 248.241.
==> 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.
Value Convergence Holdings's gross margin of this year was 0.26714904. Value Convergence Holdings's gross margin of last year was -0.52332123.
==> 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
Value Convergence Holdings's asset turnover of this year was 0.10894794. Value Convergence Holdings's asset turnover of last year was 0.04403569.
==> 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
Value Convergence Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Value Convergence Holdings (HKSE:00821) has a Piotroski F-Score of 6 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Value Convergence Holdings and its competitors. This is 100% above median its historical median of 3.00. Over the past decade, Value Convergence Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Value Convergence Holdings ranks #141 out of 784 companies in the Capital Markets industry, placing it in the top 18%.
Is Value Convergence Holdings' Piotroski F-Score too high?
Value Convergence Holdings' current Piotroski F-Score of 6 is 100% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Value Convergence Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Value Convergence Holdings ranks #141 out of 784 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Value Convergence Holdings has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Value Convergence Holdings' Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Value Convergence Holdings ranks #141 out of 784 companies for Piotroski F-Score. This places Value Convergence Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Value Convergence Holdings' value of 6 is 20% above this benchmark. Historically, Value Convergence Holdings' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Value Convergence 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 784 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. Value Convergence 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 Value Convergence Holdings and its competitors. For the Capital Markets 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. Value Convergence Holdings's current Piotroski F-Score is 6, which is 100% 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 Value Convergence Holdings stock overvalued right now?
Value Convergence Holdings (HKSE:00821) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 100% above median its 10-year median of 3.00 and 20% above the Capital Markets industry median of 5.00. Value Convergence Holdings' overall GF Score™ is 29/100 with 3 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 Value Convergence Holdings (HKSE:00821), the current Piotroski F-Score is 6 as of Jul. 23, 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.
Value Convergence Holdings Ltd is an investment holding company. Along with its subsidiaries, the company operates as a financial services group delivering financial services and products that fulfill various investment and wealth management needs of its clients. The Group's reportable operating segments include Brokerage and Financing; Corporate Finance and other Advisory services; Asset Management; Insurance Brokerage; Proprietary Trading; and Property Investment. The majority of its revenue derives from the Brokerage and Financing segment that engages in securities, futures, and options brokering and dealing, provision of margin financing and money lending, and placing and underwriting services. Geographically, the Group generates all its revenue from Hong Kong.
29GF Score
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