Tsui Wah Holdings (HKSE:01314) Piotroski F-Score: 7 (As of Aug. 04, 2026) — Near Median

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HKSE:01314 Tsui Wah Holdings Ltd HKSE:01314
41 GF Score
Price HK$0.19
GF Value HK$0.20
Valuation Fairly Valued
! 5 Warning Signs
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What is Tsui Wah Holdings Piotroski F-Score?

Tsui Wah Holdings HKSE:01314 41 Piotroski F-Score is 7 as of Aug. 04, 2026, which is at its 10-year median of 7.00. GuruFocus rates HKSE:01314 with a GF Score™ of 41/100 and a GF Value™ of HK$0.20 (Fairly Valued). The stock has 5 warning signs investors should review. Among 357 Restaurants companies, Tsui Wah Holdings ranks better than 85.99% 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

Tsui Wah Holdings 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 Tsui Wah Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01314' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Tsui Wah Holdings was 9. The lowest was 3. And the median was 7.

Tsui Wah Holdings  (HKSE:01314) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Tsui Wah Holdings Piotroski F-Score Related Terms


Tsui Wah Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tsui Wah 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.

Tsui Wah Holdings Piotroski F-Score Chart

Tsui Wah Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 7.00 5.00 7.00

Tsui Wah Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 5.00 0.00 7.00

HKSE:01314 vs MCD, SBUX, YUM: Piotroski F-Score Comparison

For the Restaurants subindustry, Tsui Wah 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.


Tsui Wah Holdings Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Tsui Wah Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tsui Wah Holdings's Piotroski F-Score falls into.


HKSE:01314
41GF Score
Tsui Wah Holdings Ltd HKSE:01314
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was HK$9.3 Mil.
Cash Flow from Operations was HK$151.3 Mil.
Revenue was HK$882.8 Mil.
Gross Profit was HK$328.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (827.913 + 868.904) / 2 = HK$848.4085 Mil.
Total Assets at the begining of this year (Mar25) was HK$827.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$169.8 Mil.
Total Current Assets was HK$261.1 Mil.
Total Current Liabilities was HK$225.6 Mil.
Net Income was HK$12.3 Mil.

Revenue was HK$906.0 Mil.
Gross Profit was HK$322.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (890.324 + 827.913) / 2 = HK$859.1185 Mil.
Total Assets at the begining of last year (Mar24) was HK$890.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$161.7 Mil.
Total Current Assets was HK$221.3 Mil.
Total Current Liabilities was HK$211.1 Mil.

*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.

Tsui Wah Holdings's current Net Income (TTM) was 9.3. ==> 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.

Tsui Wah Holdings's current Cash Flow from Operations (TTM) was 151.3. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=9.281/827.913
=0.01121012

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12.342/890.324
=0.01386237

Tsui Wah Holdings's return on assets of this year was 0.01121012. Tsui Wah Holdings's return on assets of last year was 0.01386237. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Tsui Wah Holdings's current Net Income (TTM) was 9.3. Tsui Wah Holdings's current Cash Flow from Operations (TTM) was 151.3. ==> 151.3 > 9.3 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=169.84/848.4085
=0.20018658

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=161.669/859.1185
=0.18818009

Tsui Wah Holdings's gearing of this year was 0.20018658. Tsui Wah Holdings's gearing of last year was 0.18818009. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=261.139/225.575
=1.15765932

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=221.251/211.079
=1.04819049

Tsui Wah Holdings's current ratio of this year was 1.15765932. Tsui Wah Holdings's current ratio of last year was 1.04819049. ==> 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.

Tsui Wah Holdings's number of shares in issue this year was 1332.178. Tsui Wah Holdings's number of shares in issue last year was 1347.197. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=328.752/882.835
=0.37238216

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=322.776/906.04
=0.35624917

Tsui Wah Holdings's gross margin of this year was 0.37238216. Tsui Wah Holdings's gross margin of last year was 0.35624917. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=882.835/827.913
=1.06633789

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=906.04/890.324
=1.017652

Tsui Wah Holdings's asset turnover of this year was 1.06633789. Tsui Wah Holdings's asset turnover of last year was 1.017652. ==> 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
=1+1+0+1+0+1+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Tsui Wah Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Tsui Wah Holdings (HKSE:01314) has a Piotroski F-Score of 7 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tsui Wah Holdings and its competitors. This is near median its historical median of 7.00. Over the past decade, Tsui Wah Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Tsui Wah Holdings ranks #50 out of 357 companies in the Restaurants industry, placing it in the top 14%.
Is Tsui Wah Holdings' Piotroski F-Score too high?
Tsui Wah Holdings' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Restaurants industry median Piotroski F-Score is 5.00. Tsui Wah Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Tsui Wah Holdings ranks #50 out of 357 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Tsui Wah Holdings has a GF Score™ of 41/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tsui Wah Holdings' Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Tsui Wah Holdings ranks #50 out of 357 companies for Piotroski F-Score. This places Tsui Wah Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tsui Wah Holdings' value of 7 is 40% above this benchmark. Historically, Tsui Wah Holdings' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Tsui Wah 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. Tsui Wah Holdings'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 Tsui Wah Holdings and its competitors. For the Restaurants 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. Tsui Wah Holdings's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsui Wah Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tsui Wah Holdings (HKSE:01314) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.19 — trading 6% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Restaurants industry median of 5.00. Tsui Wah Holdings' overall GF Score™ is 41/100 with 5 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 Tsui Wah Holdings (HKSE:01314), the current Piotroski F-Score is 7 as of Aug. 04, 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 Tsui Wah Holdings (HKSE:01314) Overvalued in 2026?

Based on GuruFocus' analysis, Tsui Wah Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 6% below its estimated GF Value™ of HK$0.20. GuruFocus considers Tsui Wah Holdings to be Fairly Valued.

Key valuation signals for HKSE:01314:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: HK$0.20 vs. price of HK$0.19 (6% below fair value)
  • GF Score™: 41/100 with 5 warning signs
  • Industry Position: 40% above the Restaurants median (#50 of 357)

No single metric tells the full story. See the HKSE:01314 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsui Wah Holdings Business Description

Address No. 3 On Yiu Street, Units 1-6, 2nd Floor, Delta House, Sha Tin, New Territories, Hong Kong, HKG
Tsui Wah Holdings Ltd is an investment holding company. The company is principally engaged in the provision of food catering services through restaurants in Hong Kong, the People's Republic of China, Macau, and other locations. Geographically, the majority of its revenue comes from Hong Kong.
41GF Score

Get the complete analysis for HKSE:01314

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.19
Price
HK$0.20
GF Value