Green Power Group (HKSE:01870) Piotroski F-Score: 2 (As of Aug. 26, 2026) — 60% Below Median

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HKSE:01870 Green Power Group Ltd HKSE:01870
50 GF Score
Price HK$0.18
GF Value HK$0.78
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Green Power Group Piotroski F-Score?

Green Power Group HKSE:01870 -7.14% 50 Piotroski F-Score is 2 as of Aug. 26, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates HKSE:01870 with a GF Score™ of 50/100 and a GF Value™ of HK$0.78 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,738 Construction companies, Green Power Group ranks worse than 93.44% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Green Power Group has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

HKSE:01870' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 10 years, the highest Piotroski F-Score of Green Power Group was 7. The lowest was 2. And the median was 5.

Green Power Group  (HKSE:01870) 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.


Green Power Group Piotroski F-Score Related Terms


Green Power Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Green Power Group'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.

Green Power Group Piotroski F-Score Chart

Green Power Group 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 2.00 5.00 7.00 5.00 2.00

Green Power Group Semi-Annual Data
Dec16 Dec17 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 7.00 0.00 5.00 0.00 2.00

HKSE:01870 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Green Power Group'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.


Green Power Group Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Green Power Group's Piotroski F-Score distribution charts can be found below:

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


HKSE:01870
50GF Score
Green Power Group Ltd HKSE:01870
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$-49.1 Mil.
Cash Flow from Operations was HK$-18.1 Mil.
Revenue was HK$148.1 Mil.
Gross Profit was HK$5.8 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (251.171 + 252.552) / 2 = HK$251.8615 Mil.
Total Assets at the begining of this year (Dec24) was HK$251.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$40.5 Mil.
Total Current Assets was HK$206.1 Mil.
Total Current Liabilities was HK$73.7 Mil.
Net Income was HK$4.4 Mil.

Revenue was HK$200.6 Mil.
Gross Profit was HK$48.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (205.916 + 251.171) / 2 = HK$228.5435 Mil.
Total Assets at the begining of last year (Dec23) was HK$205.9 Mil.
Long-Term Debt & Capital Lease Obligation was HK$67.9 Mil.
Total Current Assets was HK$209.0 Mil.
Total Current Liabilities was HK$70.9 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.

Green Power Group's current Net Income (TTM) was -49.1. ==> 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.

Green Power Group's current Cash Flow from Operations (TTM) was -18.1. ==> Negative ==> Score 0.

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)
=-49.125/251.171
=-0.19558389

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.441/205.916
=0.02156705

Green Power Group's return on assets of this year was -0.19558389. Green Power Group's return on assets of last year was 0.02156705. ==> 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.

Green Power Group's current Net Income (TTM) was -49.1. Green Power Group's current Cash Flow from Operations (TTM) was -18.1. ==> -18.1 > -49.1 ==> 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
=40.466/251.8615
=0.16066767

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=67.922/228.5435
=0.29719506

Green Power Group's gearing of this year was 0.16066767. Green Power Group's gearing of last year was 0.29719506. ==> 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
=206.14/73.739
=2.79553561

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=209.024/70.906
=2.94790286

Green Power Group's current ratio of this year was 2.79553561. Green Power Group's current ratio of last year was 2.94790286. ==> 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.

Green Power Group's number of shares in issue this year was 829.037. Green Power Group's number of shares in issue last year was 624. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5.84/148.116
=0.03942856

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=48.092/200.634
=0.23970015

Green Power Group's gross margin of this year was 0.03942856. Green Power Group's gross margin of last year was 0.23970015. ==> 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)
=148.116/251.171
=0.58970184

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=200.634/205.916
=0.97434876

Green Power Group's asset turnover of this year was 0.58970184. Green Power Group's asset turnover of last year was 0.97434876. ==> 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
=0+0+0+1+1+0+0+0+0
=2

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

Green Power Group has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Green Power Group (HKSE:01870) has a Piotroski F-Score of 2 as of Aug. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Green Power Group and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Green Power Group's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Green Power Group ranks #1624 out of 1738 companies in the Construction industry, placing it in the top 93.4%.
Is Green Power Group's Piotroski F-Score too high?
Green Power Group's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Green Power Group's value of 2 is 60% below this industry median. Based on the distribution chart, Green Power Group ranks #1624 out of 1738 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Green Power Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Green Power Group's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Green Power Group ranks #1624 out of 1738 companies for Piotroski F-Score. This places Green Power Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Green Power Group's value of 2 is 60% below this benchmark. Historically, Green Power Group's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Green Power Group has consistently been below 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,738 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. Green Power Group's current Piotroski F-Score of 2 is 60% below 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 Green Power Group and its competitors. For the Construction 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. Green Power Group's current Piotroski F-Score is 2, which is 60% below 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 Green Power Group stock overvalued right now?
Based on GuruFocus' analysis, Green Power Group (HKSE:01870) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.78, compared to a current price of HK$0.18 — trading 76.7% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Construction industry median of 5.00. Green Power Group'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 Green Power Group (HKSE:01870), the current Piotroski F-Score is 2 as of Aug. 26, 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 Green Power Group (HKSE:01870) Overvalued in 2026?

Based on GuruFocus' analysis, Green Power Group stock appears to be undervalued. The current stock price of HK$0.18 is trading 76.7% below its estimated GF Value™ of HK$0.78. GuruFocus considers Green Power Group to be Possible Value Trap.

Key valuation signals for HKSE:01870:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: HK$0.78 vs. price of HK$0.18 (76.7% below fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 60% below the Construction median (#1624 of 1738)

No single metric tells the full story. See the HKSE:01870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Green Power Group Business Description

Address 168-200 Connaught Road Central, Unit 3007-3008, 30 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG
Acme International Holdings Ltd is an investment holding company. It is principally engaged in the green power energy business, which mainly comprises the provision of AI+ electricity trading services, the provision of professional technical services for renewable energy solutions, development, design, production and sales of green power energy generation and energy storage system and the provision of design and build solutions for building maintenance unit systems. It has two reportable segments BMU Systems Business and Green New Energy Business. The company generates majority of revenue from Green New Energy Business. The company has presence in Hong Kong, Macau, New Zeal, and PRC. The company generates majority of revenue from Hong Kong.
50GF Score

Get the complete analysis for HKSE:01870

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

HK$0.18
Price
HK$0.78
GF Value