TIL Enviro (HKSE:01790) Piotroski F-Score: 6 (As of Aug. 31, 2026) — Near Median

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HKSE:01790 TIL Enviro Ltd HKSE:01790
61 GF Score
Price HK$0.50
GF Value HK$0.66
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is TIL Enviro Piotroski F-Score?

TIL Enviro HKSE:01790 -9.09% 61 Piotroski F-Score is 6 as of Aug. 31, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:01790 with a GF Score™ of 61/100 and a GF Value™ of HK$0.66 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 240 Waste Management companies, TIL Enviro ranks better than 72.92% 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

TIL Enviro has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

HKSE:01790' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 11 years, the highest Piotroski F-Score of TIL Enviro was 8. The lowest was 3. And the median was 6.

TIL Enviro  (HKSE:01790) 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.


TIL Enviro Piotroski F-Score Related Terms


TIL Enviro Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TIL Enviro'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.

TIL Enviro Piotroski F-Score Chart

TIL Enviro Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 6.00 8.00 6.00

TIL Enviro Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 8.00 0.00 6.00

HKSE:01790 vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, TIL Enviro'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.


TIL Enviro Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, TIL Enviro's Piotroski F-Score distribution charts can be found below:

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


HKSE:01790
61GF Score
TIL Enviro Ltd HKSE:01790
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$50.2 Mil.
Cash Flow from Operations was HK$7.9 Mil.
Revenue was HK$230.0 Mil.
Gross Profit was HK$178.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2149.594 + 2199.609) / 2 = HK$2174.6015 Mil.
Total Assets at the begining of this year (Dec24) was HK$2,149.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$432.6 Mil.
Total Current Assets was HK$799.5 Mil.
Total Current Liabilities was HK$161.2 Mil.
Net Income was HK$66.2 Mil.

Revenue was HK$230.6 Mil.
Gross Profit was HK$176.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2241.275 + 2149.594) / 2 = HK$2195.4345 Mil.
Total Assets at the begining of last year (Dec23) was HK$2,241.3 Mil.
Long-Term Debt & Capital Lease Obligation was HK$384.8 Mil.
Total Current Assets was HK$917.5 Mil.
Total Current Liabilities was HK$269.2 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.

TIL Enviro's current Net Income (TTM) was 50.2. ==> 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.

TIL Enviro's current Cash Flow from Operations (TTM) was 7.9. ==> 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 (Dec24)
=50.152/2149.594
=0.02333092

ROA (Last Year)=Net Income/Total Assets (Dec23)
=66.167/2241.275
=0.02952204

TIL Enviro's return on assets of this year was 0.02333092. TIL Enviro's return on assets of last year was 0.02952204. ==> 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.

TIL Enviro's current Net Income (TTM) was 50.2. TIL Enviro's current Cash Flow from Operations (TTM) was 7.9. ==> 7.9 <= 50.2 ==> CFROA <= ROA ==> Score 0.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=432.628/2174.6015
=0.19894588

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=384.756/2195.4345
=0.17525278

TIL Enviro's gearing of this year was 0.19894588. TIL Enviro's gearing of last year was 0.17525278. ==> Last year is lower than this year ==> Score 0.

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: Dec25)=Total Current Assets/Total Current Liabilities
=799.54/161.23
=4.95900267

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=917.529/269.202
=3.40832906

TIL Enviro's current ratio of this year was 4.95900267. TIL Enviro's current ratio of last year was 3.40832906. ==> 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.

TIL Enviro's number of shares in issue this year was 1000. TIL Enviro's number of shares in issue last year was 1000. ==> 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
=178.851/230.011
=0.77757586

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=176.099/230.554
=0.76380804

TIL Enviro's gross margin of this year was 0.77757586. TIL Enviro's gross margin of last year was 0.76380804. ==> 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 (Dec24)
=230.011/2149.594
=0.10700207

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=230.554/2241.275
=0.10286734

TIL Enviro's asset turnover of this year was 0.10700207. TIL Enviro's asset turnover of last year was 0.10286734. ==> 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+0+0+0+1+1+1+1
=6

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

TIL Enviro has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
TIL Enviro (HKSE:01790) has a Piotroski F-Score of 6 as of Aug. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TIL Enviro and its competitors. This is near median its historical median of 6.00. Over the past decade, TIL Enviro's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, TIL Enviro ranks #65 out of 240 companies in the Waste Management industry, placing it in the top 27.1%.
Is TIL Enviro's Piotroski F-Score too high?
TIL Enviro's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. TIL Enviro's value of 6 is 20% above this industry median. Based on the distribution chart, TIL Enviro ranks #65 out of 240 companies in the Waste Management industry, which is above the industry midpoint. Overall, TIL Enviro has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TIL Enviro's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, TIL Enviro ranks #65 out of 240 companies for Piotroski F-Score. This puts TIL Enviro in the upper half of its industry. The industry median Piotroski F-Score is 5.00. TIL Enviro's value of 6 is 20% above this benchmark. Historically, TIL Enviro'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 6.00 vs. the industry median of 5.00, TIL Enviro 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 240 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. TIL Enviro'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 TIL Enviro and its competitors. For the Waste Management 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. TIL Enviro's current Piotroski F-Score is 6, which is near 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 TIL Enviro stock overvalued right now?
Based on GuruFocus' analysis, TIL Enviro (HKSE:01790) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.66, compared to a current price of HK$0.50 — trading 24.2% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Waste Management industry median of 5.00. TIL Enviro's overall GF Score™ is 61/100 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 TIL Enviro (HKSE:01790), the current Piotroski F-Score is 6 as of Aug. 31, 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 TIL Enviro (HKSE:01790) Overvalued in 2026?

Based on GuruFocus' analysis, TIL Enviro stock appears to be undervalued. The current stock price of HK$0.50 is trading 24.2% below its estimated GF Value™ of HK$0.66. GuruFocus considers TIL Enviro to be Modestly Undervalued.

Key valuation signals for HKSE:01790:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: HK$0.66 vs. price of HK$0.50 (24.2% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 20% above the Waste Management median (#65 of 240)

No single metric tells the full story. See the HKSE:01790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TIL Enviro Business Description

Address No. 233 Tianhe North Road, Unit 08, Level 61, CITIC Plaza, Tianhe District, Guangdong Province, Guangzhou, CHN
TIL Enviro Ltd is an investment holding company. The Company is principally engaged in the wastewater treatment business in the PRC. The firm is a wastewater treatment service provider that operates and manages three wastewater treatment facilities located in Yinchuan, the capital city of Ningxia, the PRC, delivering wastewater treatment services to the local government. The group has single operating segment.
61GF Score

Get the complete analysis for HKSE:01790

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

HK$0.50
Price
HK$0.66
GF Value