Q P Group Holdings (HKSE:01412) Piotroski F-Score: 5 (As of Aug. 10, 2026) — 29% Below Median

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HKSE:01412 Q P Group Holdings Ltd HKSE:01412
79 GF Score
Price HK$1.11
GF Value HK$1.20
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Q P Group Holdings Piotroski F-Score?

Q P Group Holdings HKSE:01412 -0.45% 79 Piotroski F-Score is 5 as of Aug. 10, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates HKSE:01412 with a GF Score™ of 79/100 and a GF Value™ of HK$1.20 (Fairly Valued). The stock has 4 warning signs investors should review. Among 281 Forest Products companies, Q P Group Holdings ranks better than 58.01% 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

Q P Group Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Q P Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01412' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 5

During the past 10 years, the highest Piotroski F-Score of Q P Group Holdings was 9. The lowest was 3. And the median was 7.

Q P Group Holdings  (HKSE:01412) 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.


Q P Group Holdings Piotroski F-Score Related Terms


Q P Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Q P Group 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.

Q P Group Holdings Piotroski F-Score Chart

Q P Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 8.00 6.00 8.00 5.00

Q P Group Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 8.00 0.00 5.00

Q P Group Holdings Piotroski F-Score Competitor Comparison

For the Paper & Paper Products subindustry, Q P Group 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.


Q P Group Holdings Piotroski F-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Q P Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Q P Group Holdings's Piotroski F-Score falls into.


HKSE:01412
79GF Score
Q P Group Holdings Ltd HKSE:01412
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$59 Mil.
Cash Flow from Operations was HK$78 Mil.
Revenue was HK$1,125 Mil.
Gross Profit was HK$390 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1170.888 + 1170.777) / 2 = HK$1170.8325 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,171 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2 Mil.
Total Current Assets was HK$440 Mil.
Total Current Liabilities was HK$266 Mil.
Net Income was HK$129 Mil.

Revenue was HK$1,211 Mil.
Gross Profit was HK$436 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1090.657 + 1170.888) / 2 = HK$1130.7725 Mil.
Total Assets at the begining of last year (Dec23) was HK$1,091 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2 Mil.
Total Current Assets was HK$542 Mil.
Total Current Liabilities was HK$273 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.

Q P Group Holdings's current Net Income (TTM) was 59. ==> 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.

Q P Group Holdings's current Cash Flow from Operations (TTM) was 78. ==> 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 (Dec24)
=59.395/1170.888
=0.05072646

ROA (Last Year)=Net Income/Total Assets (Dec23)
=129.116/1090.657
=0.11838369

Q P Group Holdings's return on assets of this year was 0.05072646. Q P Group Holdings's return on assets of last year was 0.11838369. ==> 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.

Q P Group Holdings's current Net Income (TTM) was 59. Q P Group Holdings's current Cash Flow from Operations (TTM) was 78. ==> 78 > 59 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1.649/1170.8325
=0.0014084

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.627/1130.7725
=0.00143884

Q P Group Holdings's gearing of this year was 0.0014084. Q P Group Holdings's gearing of last year was 0.00143884. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=439.585/266.342
=1.65045318

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=541.773/272.748
=1.98635004

Q P Group Holdings's current ratio of this year was 1.65045318. Q P Group Holdings's current ratio of last year was 1.98635004. ==> 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.

Q P Group Holdings's number of shares in issue this year was 532. Q P Group Holdings's number of shares in issue last year was 532. ==> 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
=390.344/1125.414
=0.34684481

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=436.175/1210.937
=0.36019628

Q P Group Holdings's gross margin of this year was 0.34684481. Q P Group Holdings's gross margin of last year was 0.36019628. ==> 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 Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=1125.414/1170.888
=0.96116281

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1210.937/1090.657
=1.11028215

Q P Group Holdings's asset turnover of this year was 0.96116281. Q P Group Holdings's asset turnover of last year was 1.11028215. ==> Last year's asset turnover is higher ==> Score 0.

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+1+0+1+0+0
=5

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

Q P Group Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Q P Group Holdings (HKSE:01412) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Q P Group Holdings and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Q P Group Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Q P Group Holdings ranks #118 out of 281 companies in the Forest Products industry, placing it in the top 42%.
Is Q P Group Holdings' Piotroski F-Score too high?
Q P Group Holdings' current Piotroski F-Score of 5 is 29% below 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 Forest Products industry median Piotroski F-Score is 5.00. Q P Group Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Q P Group Holdings ranks #118 out of 281 companies in the Forest Products industry, which is above the industry midpoint. Overall, Q P Group Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Q P Group Holdings' Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Q P Group Holdings ranks #118 out of 281 companies for Piotroski F-Score. This puts Q P Group Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Q P Group Holdings' value of 5 is 0% at this benchmark. Historically, Q P Group 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, Q P Group Holdings has consistently been at 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 281 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. Q P Group Holdings's current Piotroski F-Score of 5 is 0% at 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 Q P Group Holdings and its competitors. For the Forest Products 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. Q P Group Holdings's current Piotroski F-Score is 5, which is 29% below 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 Q P Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Q P Group Holdings (HKSE:01412) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.20, compared to a current price of HK$1.11 — trading 7.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Forest Products industry median of 5.00. Q P Group Holdings' overall GF Score™ is 79/100 with 4 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 Q P Group Holdings (HKSE:01412), the current Piotroski F-Score is 5 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 Q P Group Holdings (HKSE:01412) Overvalued in 2026?

Based on GuruFocus' analysis, Q P Group Holdings stock appears to be undervalued. The current stock price of HK$1.11 is trading 7.5% below its estimated GF Value™ of HK$1.20. GuruFocus considers Q P Group Holdings to be Fairly Valued.

Key valuation signals for HKSE:01412:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: HK$1.20 vs. price of HK$1.11 (7.5% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 0% at the Forest Products median (#118 of 281)

No single metric tells the full story. See the HKSE:01412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Q P Group Holdings Business Description

Address No. 1 On Kwan Street, 21st Floor, Kings Wing Plaza 2, Shek Mun, Shatin, New Territories, Hong Kong, HKG
Q P Group Holdings Ltd is a paper product manufacturing and printing services provider. The products offered by the company range from board games, card games, puzzles, greeting cards, and educational items to premium packaging. The firm's revenue is generated through sales of paper and other products. The operating segments of the group are Web sales and Original equipment manufacturer (OEM) sales which is also its key revenue generating segment. It has a business presence in the United States, Europe, the PRC, and others, of which key revenue is derived from the United States.
79GF Score

Get the complete analysis for HKSE:01412

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

HK$1.11
Price
HK$1.20
GF Value