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Vanov Holdings CoHKSE:02260 -0.40%86 Piotroski F-Score is 6 as of Sep. 04, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:02260 with a GF Score™ of 86/100 and a GF Value™ of HK$1.61 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 280 Forest Products companies, Vanov Holdings Co ranks better than 77.5% 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
Vanov Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Vanov Holdings Co's Piotroski F-Score or its related term are showing as below:
HKSE:02260'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 8 years, the highest Piotroski F-Score of Vanov Holdings Co was 8. The lowest was 3. And the median was 6.
Vanov Holdings Co (HKSE:02260) 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.
Vanov Holdings Co Piotroski F-Score Related Terms
Vanov Holdings Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Vanov Holdings Co'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.
Vanov Holdings Co Piotroski F-Score Competitor Comparison
For the Paper & Paper Products subindustry, Vanov Holdings 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.
Vanov Holdings Co Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Vanov Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vanov Holdings 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.
Vanov Holdings Co's current Net Income (TTM) was 37.0.
==> 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.
Vanov Holdings Co's return on assets of this year was 0.04017254. Vanov Holdings Co's return on assets of last year was 0.05478305.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vanov Holdings Co's gearing of this year was 0.24262978. Vanov Holdings Co's gearing of last year was 0.22341846.
==> 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
Vanov Holdings Co's current ratio of this year was 1.36749252. Vanov Holdings Co's current ratio of last year was 1.26694863.
==> 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.
Vanov Holdings Co's number of shares in issue this year was 456.626. Vanov Holdings Co's number of shares in issue last year was 468.263.
==> 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.
Vanov Holdings Co's gross margin of this year was 0.46465049. Vanov Holdings Co's gross margin of last year was 0.49219692.
==> 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
Vanov Holdings Co's asset turnover of this year was 0.31832857. Vanov Holdings Co's asset turnover of last year was 0.30300408.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vanov Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Vanov Holdings Co (HKSE:02260) has a Piotroski F-Score of 6 as of Sep. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vanov Holdings Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Vanov Holdings Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Vanov Holdings Co ranks #63 out of 280 companies in the Forest Products industry, placing it in the top 22.5%.
Is Vanov Holdings Co's Piotroski F-Score too high?
Vanov Holdings Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. Vanov Holdings Co's value of 6 is 20% above this industry median. Based on the distribution chart, Vanov Holdings Co ranks #63 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Vanov Holdings Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vanov Holdings Co's Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Vanov Holdings Co ranks #63 out of 280 companies for Piotroski F-Score. This places Vanov Holdings Co in the top 23% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vanov Holdings Co's value of 6 is 20% above this benchmark. Historically, Vanov Holdings Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Vanov Holdings Co 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 280 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. Vanov Holdings Co's current Piotroski F-Score of 6 is 20% 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 Vanov Holdings Co and its competitors. For the Forest Products 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. Vanov Holdings Co's current Piotroski F-Score is 6, which is near 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 Vanov Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Vanov Holdings Co (HKSE:02260) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.61, compared to a current price of HK$1.24 — trading 23.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Forest Products industry median of 5.00. Vanov Holdings Co's overall GF Score™ is 86/100 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 Vanov Holdings Co (HKSE:02260), the current Piotroski F-Score is 6 as of Sep. 04, 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 Vanov Holdings Co (HKSE:02260) Overvalued in 2026?
Based on GuruFocus' analysis, Vanov Holdings Co stock appears to be undervalued.
The current stock price of HK$1.24 is trading 23.3% below its estimated GF Value™ of HK$1.61.
GuruFocus considers Vanov Holdings Co to be Modestly Undervalued.
Key valuation signals for HKSE:02260:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: HK$1.61 vs. price of HK$1.24 (23.3% below fair value)
Industry Position: 20% above the Forest Products median (#63 of 280)
No single metric tells the full story. See the HKSE:02260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN
Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture, and sales of papermaking felts. The company has a collection of products which include Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, and Pulp papermaking felts. The company generates the majority of revenue from The PRC region.
86GF Score
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