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Town Ray HoldingsHKSE:01692 73 Piotroski F-Score is 5 as of Aug. 10, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:01692 with a GF Score™ of 73/100 and a GF Value™ of HK$2.51 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,419 Hardware companies, Town Ray Holdings ranks better than 60.19% 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
Town Ray 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 Town Ray Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:01692'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 9
Current: 5
During the past 10 years, the highest Piotroski F-Score of Town Ray Holdings was 9. The lowest was 4. And the median was 5.
Town Ray Holdings (HKSE:01692) 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.
Town Ray Holdings Piotroski F-Score Related Terms
Town Ray Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Town Ray 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.
For the Consumer Electronics subindustry, Town Ray 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.
Town Ray Holdings Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Town Ray Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Town Ray 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.
Town Ray Holdings's current Net Income (TTM) was 62.6.
==> 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.
Town Ray Holdings's return on assets of this year was 0.1128728. Town Ray Holdings's return on assets of last year was 0.22543302.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Town Ray Holdings's gearing of this year was 0.02977527. Town Ray Holdings's gearing of last year was 0.06121899.
==> 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
Town Ray Holdings's current ratio of this year was 1.9675213. Town Ray Holdings's current ratio of last year was 2.02997971.
==> 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.
Town Ray Holdings's number of shares in issue this year was 359. Town Ray Holdings's number of shares in issue last year was 359.
==> 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.
Town Ray Holdings's gross margin of this year was 0.26635447. Town Ray Holdings's gross margin of last year was 0.32937934.
==> 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
Town Ray Holdings's asset turnover of this year was 1.21316209. Town Ray Holdings's asset turnover of last year was 1.47396239.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Town Ray Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Town Ray Holdings (HKSE:01692) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Town Ray Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Town Ray Holdings' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Town Ray Holdings ranks #963 out of 2419 companies in the Hardware industry, placing it in the top 39.8%.
Is Town Ray Holdings' Piotroski F-Score too high?
Town Ray Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Town Ray Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Town Ray Holdings ranks #963 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, Town Ray Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Town Ray Holdings' Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Town Ray Holdings ranks #963 out of 2419 companies for Piotroski F-Score. This puts Town Ray Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Town Ray Holdings' value of 5 is 0% at this benchmark. Historically, Town Ray Holdings' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Town Ray 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,419 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. Town Ray 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 Town Ray Holdings and its competitors. For the Hardware 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. Town Ray Holdings's current Piotroski F-Score is 5, which is near 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 Town Ray Holdings stock overvalued right now?
Based on GuruFocus' analysis, Town Ray Holdings (HKSE:01692) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$2.51, compared to a current price of HK$1.21 — trading 51.8% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Hardware industry median of 5.00. Town Ray Holdings' overall GF Score™ is 73/100 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 Town Ray Holdings (HKSE:01692), the current Piotroski F-Score is 5 as of Aug. 10, 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 Town Ray Holdings (HKSE:01692) Overvalued in 2026?
Based on GuruFocus' analysis, Town Ray Holdings stock appears to be undervalued.
The current stock price of HK$1.21 is trading 51.8% below its estimated GF Value™ of HK$2.51.
GuruFocus considers Town Ray Holdings to be Significantly Undervalued.
Key valuation signals for HKSE:01692:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: HK$2.51 vs. price of HK$1.21 (51.8% below fair value)
Industry Position: 0% at the Hardware median (#963 of 2419)
No single metric tells the full story. See the HKSE:01692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Town Ray Holdings Ltd is a developer, designer, manufacturer, and supplier of electrothermic household appliances mainly to overseas markets. The electrothermic household products can be grouped into two categories, namely garment care appliances, including steam generator irons, garment steamers, and steam irons; and cooking appliances, including coffee machines, steam cooking appliances and other cooking appliances. The company's products are mainly sold to overseas markets, including Germany, France, the United Kingdom, and the Netherlands.
73GF Score
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