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Kwan On HoldingsHKSE:01559 Piotroski F-Score is 5 as of Jul. 21, 2026, which is 67% above its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 1,729 Construction companies, Kwan On Holdings ranks better than 52.81% 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
Kwan On 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 Kwan On Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:01559'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 3 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Kwan On Holdings was 7. The lowest was 3. And the median was 3.
Kwan On Holdings (HKSE:01559) 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.
Kwan On Holdings Piotroski F-Score Related Terms
Kwan On Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kwan On 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.
HKSE:01559 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Kwan On 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.
Kwan On Holdings Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Kwan On Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kwan On 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.
Kwan On Holdings's current Net Income (TTM) was -80.2.
==> 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.
Kwan On Holdings's return on assets of this year was -0.1231836. Kwan On Holdings's return on assets of last year was -0.18185637.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kwan On Holdings's gearing of this year was 0. Kwan On Holdings's gearing of last year was 0.00031091.
==> 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
Kwan On Holdings's current ratio of this year was 1.12857788. Kwan On Holdings's current ratio of last year was 1.15025068.
==> 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.
Kwan On Holdings's number of shares in issue this year was 2018.693. Kwan On Holdings's number of shares in issue last year was 2018.693.
==> 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.
Kwan On Holdings's gross margin of this year was 0.01196439. Kwan On Holdings's gross margin of last year was -0.08269146.
==> 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
Kwan On Holdings's asset turnover of this year was 0.48602198. Kwan On Holdings's asset turnover of last year was 0.56319504.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kwan On Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Kwan On Holdings (HKSE:01559) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kwan On Holdings and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Kwan On Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Kwan On Holdings ranks #816 out of 1729 companies in the Construction industry, placing it in the top 47.2%.
Is Kwan On Holdings' Piotroski F-Score too high?
Kwan On Holdings' current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Kwan On Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Kwan On Holdings ranks #816 out of 1729 companies in the Construction industry, which is above the industry midpoint.
How does Kwan On Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kwan On Holdings ranks #816 out of 1729 companies for Piotroski F-Score. This puts Kwan On Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kwan On Holdings' value of 5 is 0% at this benchmark. Historically, Kwan On Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Kwan On 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 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. Kwan On 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 Kwan On 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. Kwan On Holdings's current Piotroski F-Score is 5, which is 67% 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 Kwan On Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kwan On Holdings (HKSE:01559) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.05 — trading 10% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Construction industry median of 5.00. 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 Kwan On Holdings (HKSE:01559), the current Piotroski F-Score is 5 as of Jul. 21, 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.
Kwan On Holdings Ltd is an investment holding company. Along with its subsidiaries, it operates in the following reportable segments: Construction, Property development, and Trading. The majority of its revenue is generated from the Construction segment, which is involved in the provision of construction and maintenance works on civil engineering contracts and building works contracts. The Trading segment is engaged in the trading of construction and chemical materials, and the Property development segment develops properties for the sale of residential units, commercial units, and car parking spaces. Geographically, the group generates maximum revenue from Malaysia, and the rest from Hong Kong, the PRC, and Cambodia.
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