Chaoju Eye Care Holdings (HKSE:02219) Piotroski F-Score: 5 (As of Sep. 01, 2026) — 17% Below Median

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HKSE:02219 Chaoju Eye Care Holdings Ltd HKSE:02219
93 GF Score
Price HK$2.47
GF Value HK$3.47
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Chaoju Eye Care Holdings Piotroski F-Score?

Chaoju Eye Care Holdings HKSE:02219 +4.66% 93 Piotroski F-Score is 5 as of Sep. 01, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HKSE:02219 with a GF Score™ of 93/100 and a GF Value™ of HK$3.47 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 647 Healthcare Providers & Services companies, Chaoju Eye Care Holdings ranks better than 55.8% 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

Chaoju Eye Care Holdings 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 Chaoju Eye Care Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:02219' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 8 years, the highest Piotroski F-Score of Chaoju Eye Care Holdings was 9. The lowest was 4. And the median was 6.

Chaoju Eye Care Holdings  (HKSE:02219) 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.


Chaoju Eye Care Holdings Piotroski F-Score Related Terms


Chaoju Eye Care Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chaoju Eye Care Holdings'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.

Chaoju Eye Care Holdings Piotroski F-Score Chart

Chaoju Eye Care Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 9.00 4.00 7.00 4.00 5.00

Chaoju Eye Care Holdings Semi-Annual Data
Dec18 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 7.00 0.00 4.00 0.00 5.00

HKSE:02219 vs HCA, THC, EHC: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Chaoju Eye Care Holdings'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.


Chaoju Eye Care Holdings Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Chaoju Eye Care Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chaoju Eye Care Holdings's Piotroski F-Score falls into.


HKSE:02219
93GF Score
Chaoju Eye Care Holdings Ltd HKSE:02219
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$203 Mil.
Cash Flow from Operations was HK$375 Mil.
Revenue was HK$1,503 Mil.
Gross Profit was HK$634 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3075.874 + 3335.669) / 2 = HK$3205.7715 Mil.
Total Assets at the begining of this year (Dec24) was HK$3,076 Mil.
Long-Term Debt & Capital Lease Obligation was HK$220 Mil.
Total Current Assets was HK$1,813 Mil.
Total Current Liabilities was HK$415 Mil.
Net Income was HK$208 Mil.

Revenue was HK$1,501 Mil.
Gross Profit was HK$653 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3196.903 + 3075.874) / 2 = HK$3136.3885 Mil.
Total Assets at the begining of last year (Dec23) was HK$3,197 Mil.
Long-Term Debt & Capital Lease Obligation was HK$189 Mil.
Total Current Assets was HK$1,824 Mil.
Total Current Liabilities was HK$362 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.

Chaoju Eye Care Holdings's current Net Income (TTM) was 203. ==> 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.

Chaoju Eye Care Holdings's current Cash Flow from Operations (TTM) was 375. ==> 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)
=202.656/3075.874
=0.06588566

ROA (Last Year)=Net Income/Total Assets (Dec23)
=208.277/3196.903
=0.06514962

Chaoju Eye Care Holdings's return on assets of this year was 0.06588566. Chaoju Eye Care Holdings's return on assets of last year was 0.06514962. ==> This year is higher. ==> Score 1.

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.

Chaoju Eye Care Holdings's current Net Income (TTM) was 203. Chaoju Eye Care Holdings's current Cash Flow from Operations (TTM) was 375. ==> 375 > 203 ==> 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
=220.203/3205.7715
=0.06868955

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=188.638/3136.3885
=0.06014497

Chaoju Eye Care Holdings's gearing of this year was 0.06868955. Chaoju Eye Care Holdings's gearing of last year was 0.06014497. ==> Last year is lower than this year ==> Score 0.

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
=1812.847/414.941
=4.36892715

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1823.567/362.245
=5.03407086

Chaoju Eye Care Holdings's current ratio of this year was 4.36892715. Chaoju Eye Care Holdings's current ratio of last year was 5.03407086. ==> 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.

Chaoju Eye Care Holdings's number of shares in issue this year was 696.738. Chaoju Eye Care Holdings's number of shares in issue last year was 691.338. ==> 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
=634.003/1502.824
=0.42187442

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=652.67/1500.564
=0.43494979

Chaoju Eye Care Holdings's gross margin of this year was 0.42187442. Chaoju Eye Care Holdings's gross margin of last year was 0.43494979. ==> 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)
=1502.824/3075.874
=0.48858438

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1500.564/3196.903
=0.46938052

Chaoju Eye Care Holdings's asset turnover of this year was 0.48858438. Chaoju Eye Care Holdings's asset turnover of last year was 0.46938052. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+0+0+0+1
=5

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

Chaoju Eye Care Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Chaoju Eye Care Holdings (HKSE:02219) has a Piotroski F-Score of 5 as of Sep. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chaoju Eye Care Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Chaoju Eye Care Holdings' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Chaoju Eye Care Holdings ranks #286 out of 647 companies in the Healthcare Providers & Services industry, placing it in the top 44.2%.
Is Chaoju Eye Care Holdings' Piotroski F-Score too high?
Chaoju Eye Care Holdings' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Chaoju Eye Care Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Chaoju Eye Care Holdings ranks #286 out of 647 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Chaoju Eye Care Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chaoju Eye Care Holdings' Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Chaoju Eye Care Holdings ranks #286 out of 647 companies for Piotroski F-Score. This puts Chaoju Eye Care Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Chaoju Eye Care Holdings' value of 5 is 0% at this benchmark. Historically, Chaoju Eye Care Holdings' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chaoju Eye Care Holdings 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 647 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. Chaoju Eye Care Holdings'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 Chaoju Eye Care Holdings and its competitors. For the Healthcare Providers & Services 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. Chaoju Eye Care Holdings's current Piotroski F-Score is 5, which is 17% below 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 Chaoju Eye Care Holdings stock overvalued right now?
Based on GuruFocus' analysis, Chaoju Eye Care Holdings (HKSE:02219) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$3.47, compared to a current price of HK$2.47 — trading 28.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Healthcare Providers & Services industry median of 5.00. Chaoju Eye Care Holdings' overall GF Score™ is 93/100 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 Chaoju Eye Care Holdings (HKSE:02219), the current Piotroski F-Score is 5 as of Sep. 01, 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 Chaoju Eye Care Holdings (HKSE:02219) Overvalued in 2026?

Based on GuruFocus' analysis, Chaoju Eye Care Holdings stock appears to be undervalued. The current stock price of HK$2.47 is trading 28.8% below its estimated GF Value™ of HK$3.47. GuruFocus considers Chaoju Eye Care Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:02219:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: HK$3.47 vs. price of HK$2.47 (28.8% below fair value)
  • GF Score™: 93/100 with 4 warning signs
  • Industry Position: 0% at the Healthcare Providers & Services median (#286 of 647)

No single metric tells the full story. See the HKSE:02219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chaoju Eye Care Holdings Business Description

Address No. 14 Yard, West 3rd Ring South Road, Block A, Shouke Building, 24th Floor, East Zone, Fengtai District, Beijing, CHN
Chaoju Eye Care Holdings Ltd is an ophthalmic medical service group in North China engaged in the provision of in-patient services, out-patient services, and sales of optical products. The company generates revenue from consumer ophthalmic services and basic ophthalmic services. The consumer ophthalmic services include treatments and prevention of various types of ophthalmic disorders, including refractive correction, myopia control, and the provision of optical products and services. The basic ophthalmic services include treatments of a wide range of common eye diseases, including cataract, glaucoma, squint, ocular fundus diseases, ocular surface diseases, orbital diseases, and pediatric eye diseases.
93GF Score

Get the complete analysis for HKSE:02219

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

HK$2.47
Price
HK$3.47
GF Value