Able Engineering Holdings (HKSE:01627) Piotroski F-Score: 8 (As of Aug. 23, 2026) — 33% Above Median

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HKSE:01627 Able Engineering Holdings Ltd HKSE:01627
55 GF Score
Price HK$0.50
GF Value HK$0.79
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Able Engineering Holdings Piotroski F-Score?

Able Engineering Holdings HKSE:01627 55 Piotroski F-Score is 8 as of Aug. 23, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates HKSE:01627 with a GF Score™ of 55/100 and a GF Value™ of HK$0.79 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,737 Construction companies, Able Engineering Holdings ranks better than 97.81% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Able Engineering Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:01627' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Able Engineering Holdings was 8. The lowest was 4. And the median was 6.

Able Engineering Holdings  (HKSE:01627) 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.


Able Engineering Holdings Piotroski F-Score Related Terms


Able Engineering Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Able Engineering 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.

Able Engineering Holdings Piotroski F-Score Chart

Able Engineering 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 7.00 5.00 8.00 8.00

Able Engineering 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 5.00 0.00 8.00 0.00 8.00

HKSE:01627 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Able Engineering 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.


Able Engineering Holdings Piotroski F-Score vs Construction Industry

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

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


HKSE:01627
55GF Score
Able Engineering Holdings Ltd HKSE:01627
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$288 Mil.
Cash Flow from Operations was HK$1,275 Mil.
Revenue was HK$9,177 Mil.
Gross Profit was HK$424 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5278.593 + 6314.256) / 2 = HK$5796.4245 Mil.
Total Assets at the begining of this year (Mar25) was HK$5,279 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$4,418 Mil.
Total Current Liabilities was HK$4,348 Mil.
Net Income was HK$229 Mil.

Revenue was HK$7,969 Mil.
Gross Profit was HK$582 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (4905.647 + 5278.593) / 2 = HK$5092.12 Mil.
Total Assets at the begining of last year (Mar24) was HK$4,906 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$3,382 Mil.
Total Current Liabilities was HK$3,525 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.

Able Engineering Holdings's current Net Income (TTM) was 288. ==> 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.

Able Engineering Holdings's current Cash Flow from Operations (TTM) was 1,275. ==> 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)
=287.591/5278.593
=0.05448251

ROA (Last Year)=Net Income/Total Assets (Mar24)
=228.562/4905.647
=0.04659161

Able Engineering Holdings's return on assets of this year was 0.05448251. Able Engineering Holdings's return on assets of last year was 0.04659161. ==> 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.

Able Engineering Holdings's current Net Income (TTM) was 288. Able Engineering Holdings's current Cash Flow from Operations (TTM) was 1,275. ==> 1,275 > 288 ==> 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
=0/5796.4245
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/5092.12
=0

Able Engineering Holdings's gearing of this year was 0. Able Engineering Holdings's gearing of last year was 0. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=4417.617/4348.023
=1.0160059

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3381.869/3525.032
=0.95938675

Able Engineering Holdings's current ratio of this year was 1.0160059. Able Engineering Holdings's current ratio of last year was 0.95938675. ==> 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.

Able Engineering Holdings's number of shares in issue this year was 2000. Able Engineering Holdings's number of shares in issue last year was 2000. ==> 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
=424.162/9176.538
=0.04622244

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=582.497/7968.813
=0.07309708

Able Engineering Holdings's gross margin of this year was 0.04622244. Able Engineering Holdings's gross margin of last year was 0.07309708. ==> 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 (Mar25)
=9176.538/5278.593
=1.73844394

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7968.813/4905.647
=1.62441631

Able Engineering Holdings's asset turnover of this year was 1.73844394. Able Engineering Holdings's asset turnover of last year was 1.62441631. ==> 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+1+1+1+0+1
=8

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

Able Engineering Holdings has an F-score of 8. 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 8 mean?
Able Engineering Holdings (HKSE:01627) has a Piotroski F-Score of 8 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Able Engineering Holdings and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Able Engineering Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Able Engineering Holdings ranks #38 out of 1737 companies in the Construction industry, placing it in the top 2.2%.
Is Able Engineering Holdings' Piotroski F-Score too high?
Able Engineering Holdings' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Able Engineering Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Able Engineering Holdings ranks #38 out of 1737 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Able Engineering Holdings has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Able Engineering Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Able Engineering Holdings ranks #38 out of 1737 companies for Piotroski F-Score. This places Able Engineering Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Able Engineering Holdings' value of 8 is 60% above this benchmark. Historically, Able Engineering Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Able Engineering 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 1,737 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. Able Engineering Holdings's current Piotroski F-Score of 8 is 60% 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 Able Engineering 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. Able Engineering Holdings's current Piotroski F-Score is 8, which is 33% above 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 Able Engineering Holdings stock overvalued right now?
Based on GuruFocus' analysis, Able Engineering Holdings (HKSE:01627) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.79, compared to a current price of HK$0.50 — trading 37.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Construction industry median of 5.00. Able Engineering Holdings' overall GF Score™ is 55/100 with 2 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 Able Engineering Holdings (HKSE:01627), the current Piotroski F-Score is 8 as of Aug. 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 Able Engineering Holdings (HKSE:01627) Overvalued in 2026?

Based on GuruFocus' analysis, Able Engineering Holdings stock appears to be undervalued. The current stock price of HK$0.50 is trading 37.3% below its estimated GF Value™ of HK$0.79. GuruFocus considers Able Engineering Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01627:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: HK$0.79 vs. price of HK$0.50 (37.3% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 60% above the Construction median (#38 of 1737)

No single metric tells the full story. See the HKSE:01627 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Able Engineering Holdings Business Description

Address No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG
Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA). The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. The Company has only one reportable operating segment which is the construction segment. The construction segment engages in contract works, acting as a main contractor, or sub-contractor and supply of prefabricated construction units.
55GF Score

Get the complete analysis for HKSE:01627

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

HK$0.50
Price
HK$0.79
GF Value