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Hygieia GroupHKSE:01650 +0.72%59 Piotroski F-Score is 9 as of Aug. 08, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates HKSE:01650 with a GF Score™ of 59/100 and a GF Value™ of HK$0.10 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,068 Business Services companies, Hygieia Group ranks better than 99.91% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Hygieia Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Hygieia Group's Piotroski F-Score or its related term are showing as below:
HKSE:01650'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 9
During the past 10 years, the highest Piotroski F-Score of Hygieia Group was 9. The lowest was 4. And the median was 6.
Hygieia Group (HKSE:01650) 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.
Hygieia Group Piotroski F-Score Related Terms
Hygieia Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hygieia Group'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:01650 vs CTAS, CPRT, GPN: Piotroski F-Score Comparison
For the Specialty Business Services subindustry, Hygieia Group'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.
Hygieia Group Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Hygieia Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hygieia Group'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.
Hygieia Group's current Net Income (TTM) was 16.1.
==> 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.
Hygieia Group's return on assets of this year was 0.06810689. Hygieia Group's return on assets of last year was 0.01669051.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hygieia Group's gearing of this year was 0.01246447. Hygieia Group's gearing of last year was 0.01749848.
==> 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
Hygieia Group's current ratio of this year was 3.16024917. Hygieia Group's current ratio of last year was 3.00453108.
==> 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.
Hygieia Group's number of shares in issue this year was 2000. Hygieia Group'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.
Hygieia Group's gross margin of this year was 0.16839783. Hygieia Group's gross margin of last year was 0.1492152.
==> 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
Hygieia Group's asset turnover of this year was 2.06067836. Hygieia Group's asset turnover of last year was 1.64904294.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hygieia Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Hygieia Group (HKSE:01650) has a Piotroski F-Score of 9 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hygieia Group and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Hygieia Group's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Hygieia Group ranks #1 out of 1068 companies in the Business Services industry, placing it in the top 0.099999999999994%.
Is Hygieia Group's Piotroski F-Score too high?
Hygieia Group's current Piotroski F-Score of 9 is 50% 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 9.00. The Business Services industry median Piotroski F-Score is 5.00. Hygieia Group's value of 9 is 80% above this industry median. Based on the distribution chart, Hygieia Group ranks #1 out of 1068 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hygieia Group has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hygieia Group's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Hygieia Group ranks #1 out of 1068 companies for Piotroski F-Score. This places Hygieia Group in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hygieia Group's value of 9 is 80% above this benchmark. Historically, Hygieia Group's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Hygieia Group 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 1,068 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. Hygieia Group's current Piotroski F-Score of 9 is 80% 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 Hygieia Group 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. Hygieia Group's current Piotroski F-Score is 9, which is 50% 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 Hygieia Group stock overvalued right now?
Based on GuruFocus' analysis, Hygieia Group (HKSE:01650) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.14 — trading 40% above its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Business Services industry median of 5.00. Hygieia Group's overall GF Score™ is 59/100 with 6 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 Hygieia Group (HKSE:01650), the current Piotroski F-Score is 9 as of Aug. 08, 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 Hygieia Group (HKSE:01650) Overvalued in 2026?
Based on GuruFocus' analysis, Hygieia Group stock appears to be overvalued.
The current stock price of HK$0.14 is trading 40% above its estimated GF Value™ of HK$0.10.
GuruFocus considers Hygieia Group to be Significantly Overvalued.
Key valuation signals for HKSE:01650:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: HK$0.10 vs. price of HK$0.14 (40% above fair value)
Industry Position: 80% above the Business Services median (#1 of 1068)
No single metric tells the full story. See the HKSE:01650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hygieia Group Ltd and its subsidiaries are principally engaged in the provision of cleaning services. The company provides general cleaning works for a variety of public and private venues including a sports stadium, medical centres, shopping malls, commercial and industrial buildings, schools, hotels, private condominiums as well as public access areas in town councils in Singapore. The company generates majority of revenue from singapore.
59GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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