JiaChen Holding Group (HKSE:01937) Piotroski F-Score: 7 (As of Aug. 13, 2026) — 17% Above Median

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HKSE:01937 JiaChen Holding Group Ltd HKSE:01937
62 GF Score
Price HK$0.16
GF Value HK$0.22
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is JiaChen Holding Group Piotroski F-Score?

JiaChen Holding Group HKSE:01937 +6.12% 62 Piotroski F-Score is 7 as of Aug. 13, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:01937 with a GF Score™ of 62/100 and a GF Value™ of HK$0.22 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,735 Construction companies, JiaChen Holding Group ranks better than 89.22% 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

JiaChen Holding Group 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 JiaChen Holding Group's Piotroski F-Score or its related term are showing as below:

HKSE:01937' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 7

During the past 10 years, the highest Piotroski F-Score of JiaChen Holding Group was 9. The lowest was 5. And the median was 6.

JiaChen Holding Group  (HKSE:01937) 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.


JiaChen Holding Group Piotroski F-Score Related Terms


JiaChen Holding Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for JiaChen Holding 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.

JiaChen Holding Group Piotroski F-Score Chart

JiaChen Holding 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 6.00 5.00 6.00 9.00 7.00

JiaChen Holding Group Semi-Annual Data
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 6.00 0.00 9.00 0.00 7.00

HKSE:01937 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, JiaChen Holding 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.


JiaChen Holding Group Piotroski F-Score vs Construction Industry

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

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


HKSE:01937
62GF Score
JiaChen Holding Group Ltd HKSE:01937
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$4.2 Mil.
Cash Flow from Operations was HK$49.6 Mil.
Revenue was HK$209.6 Mil.
Gross Profit was HK$53.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (525.645 + 513.278) / 2 = HK$519.4615 Mil.
Total Assets at the begining of this year (Dec24) was HK$525.6 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$358.6 Mil.
Total Current Liabilities was HK$150.0 Mil.
Net Income was HK$12.7 Mil.

Revenue was HK$275.2 Mil.
Gross Profit was HK$67.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (528.437 + 525.645) / 2 = HK$527.041 Mil.
Total Assets at the begining of last year (Dec23) was HK$528.4 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.0 Mil.
Total Current Assets was HK$383.2 Mil.
Total Current Liabilities was HK$178.7 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.

JiaChen Holding Group's current Net Income (TTM) was 4.2. ==> 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.

JiaChen Holding Group's current Cash Flow from Operations (TTM) was 49.6. ==> 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)
=4.186/525.645
=0.00796355

ROA (Last Year)=Net Income/Total Assets (Dec23)
=12.686/528.437
=0.02400665

JiaChen Holding Group's return on assets of this year was 0.00796355. JiaChen Holding Group's return on assets of last year was 0.02400665. ==> 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.

JiaChen Holding Group's current Net Income (TTM) was 4.2. JiaChen Holding Group's current Cash Flow from Operations (TTM) was 49.6. ==> 49.6 > 4.2 ==> 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
=0/519.4615
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/527.041
=0

JiaChen Holding Group's gearing of this year was 0. JiaChen Holding Group's gearing of last year was 0. ==> 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
=358.61/150.025
=2.39033494

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=383.157/178.659
=2.14462747

JiaChen Holding Group's current ratio of this year was 2.39033494. JiaChen Holding Group's current ratio of last year was 2.14462747. ==> 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.

JiaChen Holding Group's number of shares in issue this year was 1000. JiaChen Holding Group'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
=53.371/209.586
=0.25464964

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=67.248/275.233
=0.24433117

JiaChen Holding Group's gross margin of this year was 0.25464964. JiaChen Holding Group's gross margin of last year was 0.24433117. ==> 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)
=209.586/525.645
=0.39872157

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=275.233/528.437
=0.52084354

JiaChen Holding Group's asset turnover of this year was 0.39872157. JiaChen Holding Group's asset turnover of last year was 0.52084354. ==> 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
=1+1+0+1+1+1+1+1+0
=7

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

JiaChen Holding Group 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?
JiaChen Holding Group (HKSE:01937) 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 JiaChen Holding Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, JiaChen Holding Group's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, JiaChen Holding Group ranks #187 out of 1735 companies in the Construction industry, placing it in the top 10.8%.
Is JiaChen Holding Group's Piotroski F-Score too high?
JiaChen Holding Group's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. JiaChen Holding Group's value of 7 is 40% above this industry median. Based on the distribution chart, JiaChen Holding Group ranks #187 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, JiaChen Holding Group has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JiaChen Holding Group's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, JiaChen Holding Group ranks #187 out of 1735 companies for Piotroski F-Score. This places JiaChen Holding Group in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. JiaChen Holding Group's value of 7 is 40% above this benchmark. Historically, JiaChen Holding Group's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, JiaChen Holding Group 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. JiaChen Holding Group'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 JiaChen Holding 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. JiaChen Holding Group's current Piotroski F-Score is 7, which is 17% above 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 JiaChen Holding Group stock overvalued right now?
Based on GuruFocus' analysis, JiaChen Holding Group (HKSE:01937) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.16 — trading 29.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. JiaChen Holding Group's overall GF Score™ is 62/100 with 4 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 JiaChen Holding Group (HKSE:01937), 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 JiaChen Holding Group (HKSE:01937) Overvalued in 2026?

Based on GuruFocus' analysis, JiaChen Holding Group stock appears to be undervalued. The current stock price of HK$0.16 is trading 29.1% below its estimated GF Value™ of HK$0.22. GuruFocus considers JiaChen Holding Group to be Modestly Undervalued.

Key valuation signals for HKSE:01937:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: HK$0.22 vs. price of HK$0.16 (29.1% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 40% above the Construction median (#187 of 1735)

No single metric tells the full story. See the HKSE:01937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JiaChen Holding Group Business Description

Address No.18 Changhong East Road, Henglin Town, Wujin District, Jiangsu Province, Chengzhou, CHN
JiaChen Holding Group Ltd is engaged in the manufacturing and sales of access flooring products and provides related installation services. Its segments consist of Steel access flooring plates and Calcium-sulfate access flooring plates. Its access flooring products have been applied in office buildings in China with characteristics of cable management (wires and cables are managed and organized underfloor with flexibility to accommodate any electronic devices); short installation time; high compressive strength and fire-resistance characteristics; and high bearing capacity. The geographical presence of the company is in Hong Kong, PRC, and Other countries and regions. It generates the majority of revenue from the PRC.
62GF Score

Get the complete analysis for HKSE:01937

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

HK$0.16
Price
HK$0.22
GF Value