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China Ludao Technology CoHKSE:02023 +0.64%68 Piotroski F-Score is 4 as of Aug. 24, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates HKSE:02023 with a GF Score™ of 68/100 and a GF Value™ of HK$1.50 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, China Ludao Technology Co ranks worse than 68.42% 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
China Ludao Technology Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for China Ludao Technology Co's Piotroski F-Score or its related term are showing as below:
HKSE:02023'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of China Ludao Technology Co was 7. The lowest was 3. And the median was 5.
China Ludao Technology Co (HKSE:02023) 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.
China Ludao Technology Co Piotroski F-Score Related Terms
China Ludao Technology Co 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.
HKSE:02023 vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, China Ludao Technology Co'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.
China Ludao Technology Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, China Ludao Technology Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Ludao Technology Co'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.
China Ludao Technology Co's current Net Income (TTM) was 62.
==> 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.
China Ludao Technology Co's current Cash Flow from Operations (TTM) was -54.
==> 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.
China Ludao Technology Co's return on assets of this year was 0.03434578. China Ludao Technology Co's return on assets of last year was 0.0360515.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Ludao Technology Co's gearing of this year was 0.13301446. China Ludao Technology Co's gearing of last year was 0.18027265.
==> 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
China Ludao Technology Co's current ratio of this year was 0.71410565. China Ludao Technology Co's current ratio of last year was 0.71937489.
==> 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.
China Ludao Technology Co's number of shares in issue this year was 491.8. China Ludao Technology Co's number of shares in issue last year was 491.8.
==> 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.
China Ludao Technology Co's gross margin of this year was 0.13555975. China Ludao Technology Co's gross margin of last year was 0.15640551.
==> 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
China Ludao Technology Co's asset turnover of this year was 0.68279793. China Ludao Technology Co's asset turnover of last year was 0.63728854.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Ludao Technology Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
China Ludao Technology Co (HKSE:02023) has a Piotroski F-Score of 4 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Ludao Technology Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, China Ludao Technology Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, China Ludao Technology Co ranks #1311 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 68.4%.
Is China Ludao Technology Co's Piotroski F-Score too high?
China Ludao Technology Co's current Piotroski F-Score of 4 is 20% below 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. China Ludao Technology Co's value of 4 is 20% below this industry median. Based on the distribution chart, China Ludao Technology Co ranks #1311 out of 1916 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, China Ludao Technology Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Ludao Technology Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, China Ludao Technology Co ranks #1311 out of 1916 companies for Piotroski F-Score. This places China Ludao Technology Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. China Ludao Technology Co's value of 4 is 20% below this benchmark. Historically, China Ludao Technology Co'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, China Ludao Technology Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,916 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. China Ludao Technology Co's current Piotroski F-Score of 4 is 20% 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 China Ludao Technology Co 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. China Ludao Technology Co's current Piotroski F-Score is 4, which is 20% 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 China Ludao Technology Co stock overvalued right now?
Based on GuruFocus' analysis, China Ludao Technology Co (HKSE:02023) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.50, compared to a current price of HK$0.79 — trading 47.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. China Ludao Technology Co's overall GF Score™ is 68/100 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 China Ludao Technology Co (HKSE:02023), the current Piotroski F-Score is 4 as of Aug. 24, 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 China Ludao Technology Co (HKSE:02023) Overvalued in 2026?
Based on GuruFocus' analysis, China Ludao Technology Co stock appears to be undervalued.
The current stock price of HK$0.79 is trading 47.3% below its estimated GF Value™ of HK$1.50.
GuruFocus considers China Ludao Technology Co to be Possible Value Trap.
Key valuation signals for HKSE:02023:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: HK$1.50 vs. price of HK$0.79 (47.3% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1311 of 1916)
No single metric tells the full story. See the HKSE:02023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Ludao Technology Co Ltd is an investment holding company principally engaged in the research and development, manufacture, and sale of aerosol and related products, and wholesale of personal care products and production-related materials in the PRC. Its aerosol products include household and auto care products, air-fresheners, personal care products, and insecticides. The Company offers products under the brand names Green Island, Ludao, JIERJIA, and EAGLEIN KING. The Group generates maximum revenue from Mainland China, followed by Chile, the United States of America, Japan, and others.
68GF Score
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