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What is Modern Innovative Digital Technology Company Piotroski F-Score?
Modern Innovative Digital Technology CompanyHKSE:02322 Piotroski F-Score is 2 as of Sep. 14, 2026, which is 50% below its 10-year median of 4.00. The stock has 6 warning signs investors should review. Among 540 Conglomerates companies, Modern Innovative Digital Technology Company ranks worse than 95% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Modern Innovative Digital Technology Company has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Modern Innovative Digital Technology Company (HKSE:02322) 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.
Modern Innovative Digital Technology Company Piotroski F-Score Related Terms
Modern Innovative Digital Technology Company 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.
Modern Innovative Digital Technology Company Piotroski F-Score Chart
Modern Innovative Digital Technology Company Annual Data
HKSE:02322 vs MMM, HON: Piotroski F-Score Comparison
For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.
Modern Innovative Digital Technology Company Piotroski F-Score vs Conglomerates Industry
* 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.
Modern Innovative Digital Technology Company's current Net Income (TTM) was -258.30.
==> Negative ==> Score 0.
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.
Modern Innovative Digital Technology Company's current Cash Flow from Operations (TTM) was -39.58.
==> 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.
Modern Innovative Digital Technology Company's return on assets of this year was -0.38130161. Modern Innovative Digital Technology Company's return on assets of last year was -0.11590319.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Modern Innovative Digital Technology Company's gearing of this year was 0.01009609. Modern Innovative Digital Technology Company's gearing of last year was 0.00169.
==> 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
Modern Innovative Digital Technology Company's current ratio of this year was 9.14683142. Modern Innovative Digital Technology Company's current ratio of last year was 16.90612115.
==> 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.
Modern Innovative Digital Technology Company's number of shares in issue this year was 4211.833. Modern Innovative Digital Technology Company's number of shares in issue last year was 4120.6.
==> 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.
Modern Innovative Digital Technology Company's gross margin of this year was 0.28913083. Modern Innovative Digital Technology Company's gross margin of last year was 0.27828128.
==> 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
Modern Innovative Digital Technology Company's asset turnover of this year was 0.06481194. Modern Innovative Digital Technology Company's asset turnover of last year was 0.09602599.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Modern Innovative Digital Technology Company has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Modern Innovative Digital Technology Company (HKSE:02322) has a Piotroski F-Score of 2 as of Sep. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Modern Innovative Digital Technology Company and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Modern Innovative Digital Technology Company's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Modern Innovative Digital Technology Company ranks #513 out of 540 companies in the Conglomerates industry, placing it in the top 95%.
Is Modern Innovative Digital Technology Company's Piotroski F-Score too high?
Modern Innovative Digital Technology Company's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Conglomerates industry median Piotroski F-Score is 6.00. Modern Innovative Digital Technology Company's value of 2 is 66.7% below this industry median. Based on the distribution chart, Modern Innovative Digital Technology Company ranks #513 out of 540 companies in the Conglomerates industry, which is in the bottom quartile relative to peers.
How does Modern Innovative Digital Technology Company's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Modern Innovative Digital Technology Company ranks #513 out of 540 companies for Piotroski F-Score. This places Modern Innovative Digital Technology Company in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Modern Innovative Digital Technology Company's value of 2 is 66.7% below this benchmark. Historically, Modern Innovative Digital Technology Company's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Modern Innovative Digital Technology Company 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 6.00, based on 540 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. Modern Innovative Digital Technology Company's current Piotroski F-Score of 2 is 66.7% 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 Modern Innovative Digital Technology Company and its competitors. For the Conglomerates industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Innovative Digital Technology Company's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Innovative Digital Technology Company stock overvalued right now?
Based on GuruFocus' analysis, Modern Innovative Digital Technology Company (HKSE:02322) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.06 — trading 66.1% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 66.7% below the Conglomerates industry median of 6.00. 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 Modern Innovative Digital Technology Company (HKSE:02322), the current Piotroski F-Score is 2 as of Sep. 14, 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.
Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.
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