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Dowell Service Group CoHKSE:02352 70 Piotroski F-Score is 7 as of Sep. 12, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates HKSE:02352 with a GF Score™ of 70/100 and a GF Value™ of HK$7.07 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,748 Real Estate companies, Dowell Service Group Co ranks better than 92.51% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dowell Service Group Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Dowell Service Group Co's Piotroski F-Score or its related term are showing as below:
HKSE:02352'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 7
During the past 7 years, the highest Piotroski F-Score of Dowell Service Group Co was 7. The lowest was 3. And the median was 5.
Dowell Service Group Co (HKSE:02352) 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.
Dowell Service Group Co Piotroski F-Score Related Terms
Dowell Service Group Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Dowell Service Group 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.
HKSE:02352 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Dowell Service Group 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.
Dowell Service Group Co Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dowell Service Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Dowell Service Group 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.
Dowell Service Group Co's current Net Income (TTM) was 31.
==> 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.
Dowell Service Group Co's current Cash Flow from Operations (TTM) was 141.
==> 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.
Dowell Service Group Co's return on assets of this year was 0.01939174. Dowell Service Group Co's return on assets of last year was -0.04271388.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Dowell Service Group Co's gearing of this year was 0.02268756. Dowell Service Group Co's gearing of last year was 0.05192801.
==> 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
Dowell Service Group Co's current ratio of this year was 1.00093192. Dowell Service Group Co's current ratio of last year was 1.02442724.
==> 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.
Dowell Service Group Co's number of shares in issue this year was 66.991. Dowell Service Group Co's number of shares in issue last year was 66.991.
==> 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.
Dowell Service Group Co's gross margin of this year was 0.13374537. Dowell Service Group Co's gross margin of last year was 0.13584918.
==> 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
Dowell Service Group Co's asset turnover of this year was 1.06306513. Dowell Service Group Co's asset turnover of last year was 0.97725651.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dowell Service Group Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Dowell Service Group Co (HKSE:02352) has a Piotroski F-Score of 7 as of Sep. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dowell Service Group Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Dowell Service Group Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Dowell Service Group Co ranks #131 out of 1748 companies in the Real Estate industry, placing it in the top 7.5%.
Is Dowell Service Group Co's Piotroski F-Score too high?
Dowell Service Group Co's current Piotroski F-Score of 7 is 40% above 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 Real Estate industry median Piotroski F-Score is 5.00. Dowell Service Group Co's value of 7 is 40% above this industry median. Based on the distribution chart, Dowell Service Group Co ranks #131 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Dowell Service Group Co has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dowell Service Group Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dowell Service Group Co ranks #131 out of 1748 companies for Piotroski F-Score. This places Dowell Service Group Co in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Dowell Service Group Co's value of 7 is 40% above this benchmark. Historically, Dowell Service Group 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, Dowell Service Group 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,748 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. Dowell Service Group Co's current Piotroski F-Score of 7 is 40% 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 Dowell Service Group Co and its competitors. For the Real Estate 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. Dowell Service Group Co's current Piotroski F-Score is 7, which is 40% above 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 Dowell Service Group Co stock overvalued right now?
Based on GuruFocus' analysis, Dowell Service Group Co (HKSE:02352) is currently considered Possible Value Trap. The stock's GF Value™ is HK$7.07, compared to a current price of HK$3.80 — trading 46.3% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Real Estate industry median of 5.00. Dowell Service Group Co's overall GF Score™ is 70/100 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 Dowell Service Group Co (HKSE:02352), the current Piotroski F-Score is 7 as of Sep. 12, 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 Dowell Service Group Co (HKSE:02352) Overvalued in 2026?
Based on GuruFocus' analysis, Dowell Service Group Co stock appears to be undervalued.
The current stock price of HK$3.80 is trading 46.3% below its estimated GF Value™ of HK$7.07.
GuruFocus considers Dowell Service Group Co to be Possible Value Trap.
Key valuation signals for HKSE:02352:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: HK$7.07 vs. price of HK$3.80 (46.3% below fair value)
Industry Position: 40% above the Real Estate median (#131 of 1748)
No single metric tells the full story. See the HKSE:02352 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dowell Service Group Co Ltd is an investment holding. The company, along with its subsidiaries, is engaged in the provision of property management services and related value-added services in the PRC. The company has six business formats: urban integrated services, residential integrated services, international customized services, medical and health services, community value-added services, and multi-format services. It provides diversified services through four main business lines: City Operations Services, Lifestyle Services, Comprehensive Health Services, and Other Comprehensive Services. The company's revenue was principally derived from City Operations Services in the PRC.
70GF Score
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