LHN (HKSE:01730) Piotroski F-Score: 6 (As of Aug. 03, 2026) — 20% Above Median

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HKSE:01730 LHN Ltd HKSE:01730
50 GF Score
Price HK$4.54
GF Value HK$4.30
! 7 Warning Signs
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What is LHN Piotroski F-Score?

LHN HKSE:01730 50 Piotroski F-Score is 6 as of Aug. 03, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HKSE:01730 with a GF Score™ of 50/100 and a GF Value™ of HK$4.30. The stock has 7 warning signs investors should review. Among 1,753 Real Estate companies, LHN ranks better than 79.41% 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

LHN has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:01730' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 12 years, the highest Piotroski F-Score of LHN was 8. The lowest was 3. And the median was 5.

LHN  (HKSE:01730) 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.


LHN Piotroski F-Score Related Terms


LHN Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LHN'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.

LHN Piotroski F-Score Chart

LHN Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 5.00 4.00 6.00

LHN 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 0.00 4.00 0.00 6.00 0.00

HKSE:01730 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, LHN'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.


LHN Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, LHN's Piotroski F-Score distribution charts can be found below:

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


HKSE:01730
50GF Score
LHN Ltd HKSE:01730
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was HK$121.6 Mil.
Cash Flow from Operations was HK$413.3 Mil.
Revenue was HK$796.8 Mil.
Gross Profit was HK$457.9 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (4189.708 + 4251.936) / 2 = HK$4220.822 Mil.
Total Assets at the begining of this year (Sep24) was HK$4,189.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,767.2 Mil.
Total Current Assets was HK$1,087.2 Mil.
Total Current Liabilities was HK$794.0 Mil.
Net Income was HK$284.4 Mil.

Revenue was HK$727.7 Mil.
Gross Profit was HK$374.1 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (3180.729 + 4189.708) / 2 = HK$3685.2185 Mil.
Total Assets at the begining of last year (Sep23) was HK$3,180.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,988.8 Mil.
Total Current Assets was HK$761.7 Mil.
Total Current Liabilities was HK$579.3 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.

LHN's current Net Income (TTM) was 121.6. ==> 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.

Score 1 if positive, 0 if negative.

LHN's current Cash Flow from Operations (TTM) was 413.3. ==> 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 (Sep24)
=121.591/4189.708
=0.02902135

ROA (Last Year)=Net Income/Total Assets (Sep23)
=284.353/3180.729
=0.08939869

LHN's return on assets of this year was 0.02902135. LHN's return on assets of last year was 0.08939869. ==> Last year is higher ==> Score 0.

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.

LHN's current Net Income (TTM) was 121.6. LHN's current Cash Flow from Operations (TTM) was 413.3. ==> 413.3 > 121.6 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=1767.206/4220.822
=0.41868764

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1988.77/3685.2185
=0.53966135

LHN's gearing of this year was 0.41868764. LHN's gearing of last year was 0.53966135. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=1087.162/793.97
=1.3692734

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=761.729/579.337
=1.31482885

LHN's current ratio of this year was 1.3692734. LHN's current ratio of last year was 1.31482885. ==> 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.

LHN's number of shares in issue this year was 0. LHN's number of shares in issue last year was 412.105. ==> 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
=457.89/796.752
=0.57469576

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=374.085/727.695
=0.51406839

LHN's gross margin of this year was 0.57469576. LHN's gross margin of last year was 0.51406839. ==> 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 (Sep24)
=796.752/4189.708
=0.19016886

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=727.695/3180.729
=0.22878246

LHN's asset turnover of this year was 0.19016886. LHN's asset turnover of last year was 0.22878246. ==> 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+0+1+1+1+1+1+0
=7

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

LHN has an F-score of 7. 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 6 mean?
LHN (HKSE:01730) has a Piotroski F-Score of 6 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LHN and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, LHN's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, LHN ranks #361 out of 1753 companies in the Real Estate industry, placing it in the top 20.6%.
Is LHN's Piotroski F-Score too high?
LHN's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. LHN's value of 6 is 20% above this industry median. Based on the distribution chart, LHN ranks #361 out of 1753 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, LHN has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does LHN's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, LHN ranks #361 out of 1753 companies for Piotroski F-Score. This places LHN in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LHN's value of 6 is 20% above this benchmark. Historically, LHN's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, LHN 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. LHN'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 LHN and its competitors. For the Real Estate 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. LHN's current Piotroski F-Score is 6, which is 20% above 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 LHN stock overvalued right now?
LHN (HKSE:01730) has a current Piotroski F-Score of 6. The stock's GF Value™ is HK$4.30, compared to a current price of HK$4.54 — trading 5.6% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Real Estate industry median of 5.00. LHN's overall GF Score™ is 50/100 with 7 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 LHN (HKSE:01730), the current Piotroski F-Score is 6 as of Aug. 03, 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 LHN (HKSE:01730) Overvalued in 2026?

Based on GuruFocus' analysis, LHN stock appears to be overvalued. The current stock price of HK$4.54 is trading 5.6% above its estimated GF Value™ of HK$4.30.

Key valuation signals for HKSE:01730:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: HK$4.30 vs. price of HK$4.54 (5.6% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 20% above the Real Estate median (#361 of 1753)

No single metric tells the full story. See the HKSE:01730 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LHN Business Description

Other Exchanges 41O:Singapore
Address 75 Beach Road, No. 04-01, Singapore, SGP, 189689
LHN Ltd is an investment holding company and a real estate management services group with a distinctive ability to generate value for landlords and tenants through its expertise in space optimization. The Group also provides comprehensive facilities management and logistics services, which complement its space optimization business. Its operating segments include the Industrial Group, Commercial Group, Residential Group, Property Development Group, Facilities Management Group, and Energy Group. Its geographical segments include Singapore, Hong Kong, Indonesia, Malaysia, the People's Republic of China, Cambodia, and Myanmar, with the majority of revenue generated from Singapore.
50GF Score

Get the complete analysis for HKSE:01730

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

HK$4.54
Price
HK$4.30
GF Value