Smart Globe Holdings (HKSE:01481) Piotroski F-Score: 7 (As of Jul. 23, 2026) — 40% Above Median

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HKSE:01481 Smart Globe Holdings Ltd HKSE:01481
55 GF Score
Price HK$1.45
GF Value HK$0.94
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Smart Globe Holdings Piotroski F-Score?

Smart Globe Holdings HKSE:01481 55 Piotroski F-Score is 7 as of Jul. 23, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates HKSE:01481 with a GF Score™ of 55/100 and a GF Value™ of HK$0.94 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,064 Business Services companies, Smart Globe Holdings ranks better than 88.82% 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

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

HKSE:01481' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 7

During the past 11 years, the highest Piotroski F-Score of Smart Globe Holdings was 9. The lowest was 3. And the median was 5.

Smart Globe Holdings  (HKSE:01481) 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.


Smart Globe Holdings Piotroski F-Score Related Terms


Smart Globe Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Smart Globe 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.

Smart Globe Holdings Piotroski F-Score Chart

Smart Globe 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 4.00 4.00 5.00 3.00 7.00

Smart Globe Holdings Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 5.00 0.00 3.00 0.00 7.00

HKSE:01481 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Smart Globe 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.


Smart Globe Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Smart Globe Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01481
55GF Score
Smart Globe Holdings Ltd HKSE:01481
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$7.9 Mil.
Cash Flow from Operations was HK$46.3 Mil.
Revenue was HK$204.9 Mil.
Gross Profit was HK$42.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (142.493 + 238.989) / 2 = HK$190.741 Mil.
Total Assets at the begining of this year (Dec24) was HK$142.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$18.6 Mil.
Total Current Assets was HK$157.9 Mil.
Total Current Liabilities was HK$83.6 Mil.
Net Income was HK$-12.0 Mil.

Revenue was HK$117.6 Mil.
Gross Profit was HK$13.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (150.329 + 142.493) / 2 = HK$146.411 Mil.
Total Assets at the begining of last year (Dec23) was HK$150.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4.4 Mil.
Total Current Assets was HK$107.0 Mil.
Total Current Liabilities was HK$24.9 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.

Smart Globe Holdings's current Net Income (TTM) was 7.9. ==> 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.

Smart Globe Holdings's current Cash Flow from Operations (TTM) was 46.3. ==> 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 (Dec24)
=7.89/142.493
=0.05537114

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-12/150.329
=-0.07982492

Smart Globe Holdings's return on assets of this year was 0.05537114. Smart Globe Holdings's return on assets of last year was -0.07982492. ==> This year is higher. ==> Score 1.

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.

Smart Globe Holdings's current Net Income (TTM) was 7.9. Smart Globe Holdings's current Cash Flow from Operations (TTM) was 46.3. ==> 46.3 > 7.9 ==> 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
=18.613/190.741
=0.09758259

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4.414/146.411
=0.03014801

Smart Globe Holdings's gearing of this year was 0.09758259. Smart Globe Holdings's gearing of last year was 0.03014801. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=157.914/83.599
=1.88894604

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=107.025/24.92
=4.29474318

Smart Globe Holdings's current ratio of this year was 1.88894604. Smart Globe Holdings's current ratio of last year was 4.29474318. ==> 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.

Smart Globe Holdings's number of shares in issue this year was 1020. Smart Globe Holdings's number of shares in issue last year was 1020. ==> 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
=42.394/204.949
=0.20685146

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.746/117.587
=0.11690068

Smart Globe Holdings's gross margin of this year was 0.20685146. Smart Globe Holdings's gross margin of last year was 0.11690068. ==> 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 (Dec24)
=204.949/142.493
=1.43830925

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=117.587/150.329
=0.78219771

Smart Globe Holdings's asset turnover of this year was 1.43830925. Smart Globe Holdings's asset turnover of last year was 0.78219771. ==> 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+1+1+0+0+1+1+1
=7

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

Smart Globe 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?
Smart Globe Holdings (HKSE:01481) has a Piotroski F-Score of 7 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smart Globe Holdings and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Smart Globe Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Smart Globe Holdings ranks #119 out of 1064 companies in the Business Services industry, placing it in the top 11.2%.
Is Smart Globe Holdings' Piotroski F-Score too high?
Smart Globe Holdings' current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Smart Globe Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Smart Globe Holdings ranks #119 out of 1064 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Globe Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart Globe Holdings' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Smart Globe Holdings ranks #119 out of 1064 companies for Piotroski F-Score. This places Smart Globe Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Smart Globe Holdings' value of 7 is 40% above this benchmark. Historically, Smart Globe 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 5.00 vs. the industry median of 5.00, Smart Globe 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Smart Globe 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 Smart Globe Holdings and its competitors. For the Business Services 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. Smart Globe Holdings's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Globe Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart Globe Holdings (HKSE:01481) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.94, compared to a current price of HK$1.45 — trading 54.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Business Services industry median of 5.00. Smart Globe Holdings' overall GF Score™ is 55/100 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 Smart Globe Holdings (HKSE:01481), the current Piotroski F-Score is 7 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.

Is Smart Globe Holdings (HKSE:01481) Overvalued in 2026?

Based on GuruFocus' analysis, Smart Globe Holdings stock appears to be overvalued. The current stock price of HK$1.45 is trading 54.3% above its estimated GF Value™ of HK$0.94. GuruFocus considers Smart Globe Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:01481:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: HK$0.94 vs. price of HK$1.45 (54.3% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 40% above the Business Services median (#119 of 1064)

No single metric tells the full story. See the HKSE:01481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smart Globe Holdings Business Description

Address Heyuan Hi-Tech Development Zone, Guangdong Province, Heyuan, CHN
Smart Globe Holdings Ltd is an investment holding company. Its segments are the supply chain management service segment and the printing segment. The supply chain management service segment, which generates the majority of revenue, is engaged in the provision of material sourcing, logistics services and warehousing services. The printing segment specialises in the printing and sales of books, novelty and packaging products, offering services that encompass the entire printing process from pre-press to finishing and producing customised value-added printing products. The company generates maximum revenue from Hong Kong.
55GF Score

Get the complete analysis for HKSE:01481

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

HK$1.45
Price
HK$0.94
GF Value