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BExcellent Group Holdings (HKSE:01775) 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.
BExcellent Group Holdings Piotroski F-Score Related Terms
BExcellent Group Holdings Piotroski F-Score Historical Data
* 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:01775 vs EDU, TAL, LAUR: Piotroski F-Score Comparison
For the Education & Training Services subindustry, BExcellent Group 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.
BExcellent Group Holdings Piotroski F-Score vs Education Industry
For the Education industry and Consumer Defensive sector, BExcellent Group Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where BExcellent Group 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.
BExcellent Group Holdings's current Net Income (TTM) was -24.4.
==> 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.
Score 1 if positive, 0 if negative.
BExcellent Group Holdings's current Cash Flow from Operations (TTM) was 28.3.
==> 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.
BExcellent Group Holdings's return on assets of this year was -0.12518425. BExcellent Group Holdings's return on assets of last year was -0.1297582.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
BExcellent Group Holdings's gearing of this year was 0.02173593. BExcellent Group Holdings's gearing of last year was 0.02792317.
==> 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
BExcellent Group Holdings's current ratio of this year was 0.82988032. BExcellent Group Holdings's current ratio of last year was 0.90753184.
==> 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.
BExcellent Group Holdings's number of shares in issue this year was 507.632. BExcellent Group Holdings's number of shares in issue last year was 507.632.
==> 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.
BExcellent Group Holdings's gross margin of this year was 0.41051618. BExcellent Group Holdings's gross margin of last year was 0.40798554.
==> 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
BExcellent Group Holdings's asset turnover of this year was 0.99207038. BExcellent Group Holdings's asset turnover of last year was 0.82806973.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
BExcellent Group Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
BExcellent Group Holdings (HKSE:01775) has a Piotroski F-Score of 7 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BExcellent Group Holdings and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, BExcellent Group Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, BExcellent Group Holdings ranks #34 out of 252 companies in the Education industry, placing it in the top 13.5%.
Is BExcellent Group Holdings' Piotroski F-Score too high?
BExcellent Group Holdings' current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. BExcellent Group Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, BExcellent Group Holdings ranks #34 out of 252 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, BExcellent Group Holdings has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BExcellent Group Holdings' Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, BExcellent Group Holdings ranks #34 out of 252 companies for Piotroski F-Score. This places BExcellent Group Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BExcellent Group Holdings' value of 7 is 40% above this benchmark. Historically, BExcellent Group Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, BExcellent Group 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 252 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. BExcellent Group Holdings's current Piotroski F-Score of 7 is 40% 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 BExcellent Group Holdings and its competitors. For the Education 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. BExcellent Group Holdings's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BExcellent Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, BExcellent Group Holdings (HKSE:01775) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.34 — trading 8.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Education industry median of 5.00. BExcellent Group Holdings' overall GF Score™ is 35/100 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 BExcellent Group Holdings (HKSE:01775), the current Piotroski F-Score is 7 as of Aug. 13, 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 BExcellent Group Holdings (HKSE:01775) Overvalued in 2026?
Based on GuruFocus' analysis, BExcellent Group Holdings stock appears to be undervalued.
The current stock price of HK$0.34 is trading 8.1% below its estimated GF Value™ of HK$0.37.
GuruFocus considers BExcellent Group Holdings to be Fairly Valued.
Key valuation signals for HKSE:01775:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: HK$0.37 vs. price of HK$0.34 (8.1% below fair value)
Industry Position: 40% above the Education median (#34 of 252)
No single metric tells the full story. See the HKSE:01775 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BExcellent Group Holdings Ltd is an investment holding company. The company and its subsidiaries provide private supplementary secondary school education services, school services, private secondary day schools, and ancillary education services and products in Hong Kong. Its ancillary education services and products represent education-related income, including interview preparation, language and supplementary primary school education, and tutorial services offered under the Diverse Learning Club, Beacon Childhood, BeConfident, Glocal Education, and Mathgic brands. The company generates the majority of its revenue from private supplementary secondary school education services. It operates in Hong Kong and the PRC, with the majority of its revenue derived from Hong Kong.
35GF Score
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