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Natural Food International HoldingHKSE:01837 64 Piotroski F-Score is 5 as of Jul. 21, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates HKSE:01837 with a GF Score™ of 64/100 and a GF Value™ of HK$0.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Natural Food International Holding ranks better than 51.78% 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
Natural Food International Holding 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 Natural Food International Holding's Piotroski F-Score or its related term are showing as below:
HKSE:01837'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 5
During the past 11 years, the highest Piotroski F-Score of Natural Food International Holding was 9. The lowest was 4. And the median was 7.
Natural Food International Holding (HKSE:01837) 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.
Natural Food International Holding Piotroski F-Score Related Terms
Natural Food International Holding 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.
Natural Food International Holding Piotroski F-Score Chart
HKSE:01837 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Natural Food International Holding'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.
Natural Food International Holding Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Natural Food International Holding's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Natural Food International Holding'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.
Natural Food International Holding's current Net Income (TTM) was 294.
==> 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.
Natural Food International Holding's current Cash Flow from Operations (TTM) was 261.
==> 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.
Natural Food International Holding's return on assets of this year was 0.14961766. Natural Food International Holding's return on assets of last year was 0.10906336.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Natural Food International Holding's gearing of this year was 0.00115908. Natural Food International Holding's gearing of last year was 0.00378503.
==> 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
Natural Food International Holding's current ratio of this year was 4.58699908. Natural Food International Holding's current ratio of last year was 4.9861297.
==> 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.
Natural Food International Holding's number of shares in issue this year was 2175.911. Natural Food International Holding's number of shares in issue last year was 2172.23.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Natural Food International Holding's gross margin of this year was 0.65035891. Natural Food International Holding's gross margin of last year was 0.65827468.
==> 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
Natural Food International Holding's asset turnover of this year was 1.42225906. Natural Food International Holding's asset turnover of last year was 1.19617059.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Natural Food International Holding has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Natural Food International Holding (HKSE:01837) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Natural Food International Holding and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Natural Food International Holding's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Natural Food International Holding ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 48.2%.
Is Natural Food International Holding's Piotroski F-Score too high?
Natural Food International Holding's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Natural Food International Holding's value of 5 is 0% at this industry median. Based on the distribution chart, Natural Food International Holding ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Natural Food International Holding has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Food International Holding's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Natural Food International Holding ranks #923 out of 1914 companies for Piotroski F-Score. This puts Natural Food International Holding in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Natural Food International Holding's value of 5 is 0% at this benchmark. Historically, Natural Food International Holding's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Natural Food International Holding 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Natural Food International Holding'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 Natural Food International Holding and its competitors. For the Consumer Packaged Goods 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. Natural Food International Holding's current Piotroski F-Score is 5, which is 29% below 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 Natural Food International Holding stock overvalued right now?
Based on GuruFocus' analysis, Natural Food International Holding (HKSE:01837) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.80, compared to a current price of HK$1.70 — trading 112.5% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Natural Food International Holding's overall GF Score™ is 64/100 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 Natural Food International Holding (HKSE:01837), the current Piotroski F-Score is 5 as of Jul. 21, 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 Natural Food International Holding (HKSE:01837) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Food International Holding stock appears to be overvalued.
The current stock price of HK$1.70 is trading 112.5% above its estimated GF Value™ of HK$0.80.
GuruFocus considers Natural Food International Holding to be Significantly Overvalued.
Key valuation signals for HKSE:01837:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: HK$0.80 vs. price of HK$1.70 (112.5% above fair value)
Industry Position: 0% at the Consumer Packaged Goods median (#923 of 1914)
No single metric tells the full story. See the HKSE:01837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Food International Holding Business Description
Natural Food International Holding Ltd is an investment holding company. The company is principally engaged in processing and selling natural health food in the People's Republic of China. The Group operates within one geographical location Chinese Mainland. The Group sells its products through an extensive network of offline channels, including supermarket counter business and offline shelf business, as well as online channels, including e-commerce platforms and WeChat member stores.
64GF Score
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