Prinx Chengshan Holdings (HKSE:01809) Piotroski F-Score: 7 (As of Aug. 09, 2026) — Near Median

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HKSE:01809 Prinx Chengshan Holdings Ltd HKSE:01809
99 GF Score
Price HK$6.70
GF Value HK$8.75
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Prinx Chengshan Holdings Piotroski F-Score?

Prinx Chengshan Holdings HKSE:01809 99 Piotroski F-Score is 7 as of Aug. 09, 2026, which is at its 10-year median of 7.00. GuruFocus rates HKSE:01809 with a GF Score™ of 99/100 and a GF Value™ of HK$8.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,276 Vehicles & Parts companies, Prinx Chengshan Holdings ranks better than 89.11% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Prinx Chengshan Holdings 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 Prinx Chengshan Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:01809' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 7

During the past 11 years, the highest Piotroski F-Score of Prinx Chengshan Holdings was 8. The lowest was 3. And the median was 7.

Prinx Chengshan Holdings  (HKSE:01809) 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.


Prinx Chengshan Holdings Piotroski F-Score Related Terms


Prinx Chengshan Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Prinx Chengshan 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.

Prinx Chengshan Holdings Piotroski F-Score Chart

Prinx Chengshan Holdings 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 7.00 7.00 5.00 7.00

Prinx Chengshan Holdings 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 7.00 0.00 5.00 0.00 7.00

HKSE:01809 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Prinx Chengshan 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.


Prinx Chengshan Holdings Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prinx Chengshan Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:01809
99GF Score
Prinx Chengshan Holdings Ltd HKSE:01809
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$1,201 Mil.
Cash Flow from Operations was HK$1,327 Mil.
Revenue was HK$13,043 Mil.
Gross Profit was HK$2,362 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (11770.771 + 12974.636) / 2 = HK$12372.7035 Mil.
Total Assets at the begining of this year (Dec24) was HK$11,771 Mil.
Long-Term Debt & Capital Lease Obligation was HK$440 Mil.
Total Current Assets was HK$6,990 Mil.
Total Current Liabilities was HK$4,192 Mil.
Net Income was HK$1,401 Mil.

Revenue was HK$11,717 Mil.
Gross Profit was HK$2,487 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (11596.734 + 11770.771) / 2 = HK$11683.7525 Mil.
Total Assets at the begining of last year (Dec23) was HK$11,597 Mil.
Long-Term Debt & Capital Lease Obligation was HK$464 Mil.
Total Current Assets was HK$5,872 Mil.
Total Current Liabilities was HK$4,174 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.

Prinx Chengshan Holdings's current Net Income (TTM) was 1,201. ==> 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.

Prinx Chengshan Holdings's current Cash Flow from Operations (TTM) was 1,327. ==> 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)
=1201.454/11770.771
=0.10207097

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1400.612/11596.734
=0.12077642

Prinx Chengshan Holdings's return on assets of this year was 0.10207097. Prinx Chengshan Holdings's return on assets of last year was 0.12077642. ==> 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.

Prinx Chengshan Holdings's current Net Income (TTM) was 1,201. Prinx Chengshan Holdings's current Cash Flow from Operations (TTM) was 1,327. ==> 1,327 > 1,201 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=439.894/12372.7035
=0.03555359

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=464.004/11683.7525
=0.03971361

Prinx Chengshan Holdings's gearing of this year was 0.03555359. Prinx Chengshan Holdings's gearing of last year was 0.03971361. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=6989.53/4191.514
=1.66754304

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5872.328/4173.706
=1.40698171

Prinx Chengshan Holdings's current ratio of this year was 1.66754304. Prinx Chengshan Holdings's current ratio of last year was 1.40698171. ==> 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.

Prinx Chengshan Holdings's number of shares in issue this year was 636.035. Prinx Chengshan Holdings's number of shares in issue last year was 637.707. ==> 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
=2361.667/13043.27
=0.18106403

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2487.318/11716.51
=0.21229171

Prinx Chengshan Holdings's gross margin of this year was 0.18106403. Prinx Chengshan Holdings's gross margin of last year was 0.21229171. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=13043.27/11770.771
=1.10810668

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=11716.51/11596.734
=1.01032843

Prinx Chengshan Holdings's asset turnover of this year was 1.10810668. Prinx Chengshan Holdings's asset turnover of last year was 1.01032843. ==> 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+1+1+1+1+0+1
=7

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

Prinx Chengshan Holdings 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 7 mean?
Prinx Chengshan Holdings (HKSE:01809) has a Piotroski F-Score of 7 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Prinx Chengshan Holdings and its competitors. This is near median its historical median of 7.00. Over the past decade, Prinx Chengshan Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Prinx Chengshan Holdings ranks #139 out of 1276 companies in the Vehicles & Parts industry, placing it in the top 10.9%.
Is Prinx Chengshan Holdings' Piotroski F-Score too high?
Prinx Chengshan Holdings' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Prinx Chengshan Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Prinx Chengshan Holdings ranks #139 out of 1276 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Prinx Chengshan Holdings has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prinx Chengshan Holdings' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Prinx Chengshan Holdings ranks #139 out of 1276 companies for Piotroski F-Score. This places Prinx Chengshan Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Prinx Chengshan Holdings' value of 7 is 40% above this benchmark. Historically, Prinx Chengshan 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 7.00 vs. the industry median of 5.00, Prinx Chengshan 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 a Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,276 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. Prinx Chengshan 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 Prinx Chengshan Holdings and its competitors. For the Vehicles & Parts 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. Prinx Chengshan Holdings's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prinx Chengshan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Prinx Chengshan Holdings (HKSE:01809) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$8.75, compared to a current price of HK$6.70 — trading 23.4% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Vehicles & Parts industry median of 5.00. Prinx Chengshan Holdings' overall GF Score™ is 99/100 with 2 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 Prinx Chengshan Holdings (HKSE:01809), the current Piotroski F-Score is 7 as of Aug. 09, 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 Prinx Chengshan Holdings (HKSE:01809) Overvalued in 2026?

Based on GuruFocus' analysis, Prinx Chengshan Holdings stock appears to be undervalued. The current stock price of HK$6.70 is trading 23.4% below its estimated GF Value™ of HK$8.75. GuruFocus considers Prinx Chengshan Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:01809:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: HK$8.75 vs. price of HK$6.70 (23.4% below fair value)
  • GF Score™: 99/100 with 2 warning signs
  • Industry Position: 40% above the Vehicles & Parts median (#139 of 1276)

No single metric tells the full story. See the HKSE:01809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Prinx Chengshan Holdings Business Description

Address No. 98 Nanshan North Road, Shandong Province, Rongcheng, CHN
Prinx Chengshan Holdings Ltd is a tire manufacturer. It sells its products under the brand names Prinx, Chengshan, Austone, and Fortune. The company has two segments as follows: Mainland China and Hong Kong as one segment ("Domestic") for trading of raw material related to tire products, manufacturing and selling tire products; and Overseas regions as the other segment for manufacturing and selling tire products. It derives maximum revenue from Domestic Market.
99GF Score

Get the complete analysis for HKSE:01809

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

HK$6.70
Price
HK$8.75
GF Value