IBI Group Holdings (HKSE:01547) Piotroski F-Score: 6 (As of Jul. 20, 2026) — Near Median

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HKSE:01547 IBI Group Holdings Ltd HKSE:01547
53 GF Score
Price HK$0.19
GF Value HK$0.34
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is IBI Group Holdings Piotroski F-Score?

IBI Group Holdings HKSE:01547 53 Piotroski F-Score is 6 as of Jul. 20, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:01547 with a GF Score™ of 53/100 and a GF Value™ of HK$0.34 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,729 Construction companies, IBI Group Holdings ranks better than 74.15% 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

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

HKSE:01547' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of IBI Group Holdings was 6. The lowest was 2. And the median was 6.

IBI Group Holdings  (HKSE:01547) 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.


IBI Group Holdings Piotroski F-Score Related Terms


IBI Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for IBI 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.

IBI Group Holdings Piotroski F-Score Chart

IBI Group 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 6.00 2.00 4.00 6.00 0.00

IBI Group 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 4.00 0.00 6.00 0.00 0.00

HKSE:01547 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, IBI 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.


IBI Group Holdings Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, IBI Group Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01547
53GF Score
IBI Group Holdings Ltd HKSE:01547
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was HK$8.4 Mil.
Cash Flow from Operations was HK$6.4 Mil.
Revenue was HK$331.4 Mil.
Gross Profit was HK$44.3 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (420.934 + 372.761) / 2 = HK$396.8475 Mil.
Total Assets at the begining of this year (Mar24) was HK$420.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$248.4 Mil.
Total Current Liabilities was HK$205.4 Mil.
Net Income was HK$0.4 Mil.

Revenue was HK$527.2 Mil.
Gross Profit was HK$46.8 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (322.689 + 420.934) / 2 = HK$371.8115 Mil.
Total Assets at the begining of last year (Mar23) was HK$322.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$56.2 Mil.
Total Current Assets was HK$294.0 Mil.
Total Current Liabilities was HK$201.9 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.

IBI Group Holdings's current Net Income (TTM) was 8.4. ==> 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.

IBI Group Holdings's current Cash Flow from Operations (TTM) was 6.4. ==> 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 (Mar24)
=8.39/420.934
=0.01993187

ROA (Last Year)=Net Income/Total Assets (Mar23)
=0.35/322.689
=0.00108464

IBI Group Holdings's return on assets of this year was 0.01993187. IBI Group Holdings's return on assets of last year was 0.00108464. ==> 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.

IBI Group Holdings's current Net Income (TTM) was 8.4. IBI Group Holdings's current Cash Flow from Operations (TTM) was 6.4. ==> 6.4 <= 8.4 ==> CFROA <= ROA ==> Score 0.

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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/396.8475
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=56.236/371.8115
=0.15124868

IBI Group Holdings's gearing of this year was 0. IBI Group Holdings's gearing of last year was 0.15124868. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=248.431/205.417
=1.20939844

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=294.038/201.856
=1.45667208

IBI Group Holdings's current ratio of this year was 1.20939844. IBI Group Holdings's current ratio of last year was 1.45667208. ==> 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.

IBI Group Holdings's number of shares in issue this year was 800. IBI Group Holdings's number of shares in issue last year was 800. ==> 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
=44.303/331.408
=0.13368114

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=46.813/527.246
=0.08878778

IBI Group Holdings's gross margin of this year was 0.13368114. IBI Group Holdings's gross margin of last year was 0.08878778. ==> 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 (Mar24)
=331.408/420.934
=0.78731583

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=527.246/322.689
=1.63391377

IBI Group Holdings's asset turnover of this year was 0.78731583. IBI Group Holdings's asset turnover of last year was 1.63391377. ==> 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+1+0+1+0+1+1+0
=6

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

IBI Group Holdings has an F-score of 6 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 6 mean?
IBI Group Holdings (HKSE:01547) has a Piotroski F-Score of 6 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on IBI Group Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, IBI Group Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, IBI Group Holdings ranks #447 out of 1729 companies in the Construction industry, placing it in the top 25.9%.
Is IBI Group Holdings' Piotroski F-Score too high?
IBI Group Holdings' current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. IBI Group Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, IBI Group Holdings ranks #447 out of 1729 companies in the Construction industry, which is above the industry midpoint. Overall, IBI Group Holdings has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IBI Group Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, IBI Group Holdings ranks #447 out of 1729 companies for Piotroski F-Score. This puts IBI Group Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. IBI Group Holdings' value of 6 is 20% above this benchmark. Historically, IBI Group 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 6.00 vs. the industry median of 5.00, IBI Group 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. IBI Group 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 IBI Group Holdings and its competitors. For the Construction 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. IBI Group Holdings's current Piotroski F-Score is 6, which is near 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 IBI Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, IBI Group Holdings (HKSE:01547) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.34, compared to a current price of HK$0.19 — trading 43.5% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. IBI Group Holdings' overall GF Score™ is 53/100 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 IBI Group Holdings (HKSE:01547), the current Piotroski F-Score is 6 as of Jul. 20, 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 IBI Group Holdings (HKSE:01547) Overvalued in 2026?

Based on GuruFocus' analysis, IBI Group Holdings stock appears to be undervalued. The current stock price of HK$0.19 is trading 43.5% below its estimated GF Value™ of HK$0.34. GuruFocus considers IBI Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01547:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: HK$0.34 vs. price of HK$0.19 (43.5% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 20% above the Construction median (#447 of 1729)

No single metric tells the full story. See the HKSE:01547 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IBI Group Holdings Business Description

Address 18 Bonham Strand West, 3rd Floor, Bangkok Bank Building, Hong Kong, HKG
IBI Group Holdings Ltd. is an investment holding company. The principal activities are to act as a contractor, focusing on providing renovation services as the main contractor for property projects in the private sector. The group has four reportable segments: contracting, building solutions, strategic Investments, and Property Investments. The company earns the majority of its revenue from the contracting segment. Geographically, the company derives a majority of its revenue from Hong Kong and also has a presence in Macau, Ireland, and others.
53GF Score

Get the complete analysis for HKSE:01547

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

HK$0.19
Price
HK$0.34
GF Value