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Gilston GroupHKSE:02011 70 Piotroski F-Score is 5 as of Jul. 22, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:02011 with a GF Score™ of 70/100 and a GF Value™ of HK$1.94 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,050 Manufacturing - Apparel & Accessories companies, Gilston Group ranks better than 60% 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
Gilston Group 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 Gilston Group's Piotroski F-Score or its related term are showing as below:
HKSE:02011'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Gilston Group was 7. The lowest was 3. And the median was 5.
Gilston Group (HKSE:02011) 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.
Gilston Group Piotroski F-Score Related Terms
Gilston Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Gilston 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.
HKSE:02011 vs RL, LEVI, VFC: Piotroski F-Score Comparison
For the Apparel Manufacturing subindustry, Gilston 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.
Gilston Group Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gilston Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gilston Group'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.
Gilston Group's current Net Income (TTM) was 23.8.
==> 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.
Gilston Group's return on assets of this year was 0.04315788. Gilston Group's return on assets of last year was 0.11614402.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Gilston Group's gearing of this year was 0.20146255. Gilston Group's gearing of last year was 0.40512067.
==> 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
Gilston Group's current ratio of this year was 1.05104687. Gilston Group's current ratio of last year was 1.31536273.
==> 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.
Gilston Group's number of shares in issue this year was 586.871. Gilston Group's number of shares in issue last year was 585.801.
==> 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.
Gilston Group's gross margin of this year was 0.54534183. Gilston Group's gross margin of last year was 0.52645961.
==> 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
Gilston Group's asset turnover of this year was 0.6942902. Gilston Group's asset turnover of last year was 1.1987501.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Gilston Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Gilston Group (HKSE:02011) has a Piotroski F-Score of 5 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gilston Group and its competitors. This is near median its historical median of 5.00. Over the past decade, Gilston Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Gilston Group ranks #420 out of 1050 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 40%.
Is Gilston Group's Piotroski F-Score too high?
Gilston Group's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Gilston Group's value of 5 is 0% at this industry median. Based on the distribution chart, Gilston Group ranks #420 out of 1050 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Gilston Group has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gilston Group's Piotroski F-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Gilston Group ranks #420 out of 1050 companies for Piotroski F-Score. This puts Gilston Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Gilston Group's value of 5 is 0% at this benchmark. Historically, Gilston Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Gilston Group 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,050 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. Gilston Group'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 Gilston Group and its competitors. For the Manufacturing - Apparel & Accessories 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. Gilston Group's current Piotroski F-Score is 5, which is near 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 Gilston Group stock overvalued right now?
Based on GuruFocus' analysis, Gilston Group (HKSE:02011) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$1.94, compared to a current price of HK$1.35 — trading 30.4% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Manufacturing - Apparel & Accessories industry median of 5.00. Gilston Group's overall GF Score™ is 70/100 with 3 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 Gilston Group (HKSE:02011), the current Piotroski F-Score is 5 as of Jul. 22, 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 Gilston Group (HKSE:02011) Overvalued in 2026?
Based on GuruFocus' analysis, Gilston Group stock appears to be undervalued.
The current stock price of HK$1.35 is trading 30.4% below its estimated GF Value™ of HK$1.94.
GuruFocus considers Gilston Group to be Significantly Undervalued.
Key valuation signals for HKSE:02011:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: HK$1.94 vs. price of HK$1.35 (30.4% below fair value)
Industry Position: 0% at the Manufacturing - Apparel & Accessories median (#420 of 1050)
No single metric tells the full story. See the HKSE:02011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gilston Group Ltd specializes in zipper design, development, production and sale. It is providing high-quality zipper products and zipper-based overall solutions for customers. The company operates in two reportable segments: Manufacture and Sales of Zippers, and Property Investment and Provision of Property Management Services. The company generates the majority of its revenue from the Manufacture and Sales of the Zippers segment. Geographically, Mainland China contributes the majority of company's revenue.
70GF Score
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