Plus Group Holdings (HKSE:02486) Piotroski F-Score: 8 (As of Jun. 30, 2026) — 14% Above Median


HKSE:02486 Plus Group Holdings Inc HKSE:02486
81 GF Score
Price HK$3.25
GF Value HK$12.90
Valuation Possible Value Trap
! 3 Warning Signs
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What is Plus Group Holdings Piotroski F-Score?

Plus Group Holdings HKSE:02486 -9.97% 81 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates HKSE:02486 with a GF Score™ of 81/100 and a GF Value™ of HK$12.90 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,009 Media - Diversified companies, Plus Group Holdings ranks better than 98.51% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Plus Group Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Plus Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:02486' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 8

During the past 6 years, the highest Piotroski F-Score of Plus Group Holdings was 8. The lowest was 3. And the median was 7.

Plus Group Holdings  (HKSE:02486) 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.


Plus Group Holdings Piotroski F-Score Related Terms


Plus Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Plus Group 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.

Plus Group Holdings Piotroski F-Score Chart

Plus Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 6.00 3.00 8.00

Plus Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 0.00 3.00 0.00 8.00

HKSE:02486 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Plus Group 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.


Plus Group Holdings Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Plus Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Plus Group Holdings's Piotroski F-Score falls into.


HKSE:02486
81GF Score
Plus Group Holdings Inc HKSE:02486
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$25 Mil.
Cash Flow from Operations was HK$50 Mil.
Revenue was HK$2,240 Mil.
Gross Profit was HK$197 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (854.894 + 789.122) / 2 = HK$822.008 Mil.
Total Assets at the begining of this year (Dec24) was HK$855 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$773 Mil.
Total Current Liabilities was HK$257 Mil.
Net Income was HK$14 Mil.

Revenue was HK$1,117 Mil.
Gross Profit was HK$133 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (763.776 + 854.894) / 2 = HK$809.335 Mil.
Total Assets at the begining of last year (Dec23) was HK$764 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1 Mil.
Total Current Assets was HK$844 Mil.
Total Current Liabilities was HK$341 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.

Plus Group Holdings's current Net Income (TTM) was 25. ==> 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.

Plus Group Holdings's current Cash Flow from Operations (TTM) was 50. ==> 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)
=24.776/854.894
=0.02898137

ROA (Last Year)=Net Income/Total Assets (Dec23)
=13.888/763.776
=0.01818334

Plus Group Holdings's return on assets of this year was 0.02898137. Plus Group Holdings's return on assets of last year was 0.01818334. ==> 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.

Plus Group Holdings's current Net Income (TTM) was 25. Plus Group Holdings's current Cash Flow from Operations (TTM) was 50. ==> 50 > 25 ==> 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
=0.309/822.008
=0.00037591

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.307/809.335
=0.00161491

Plus Group Holdings's gearing of this year was 0.00037591. Plus Group Holdings's gearing of last year was 0.00161491. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=773.13/256.704
=3.01175673

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=843.658/341.462
=2.47072295

Plus Group Holdings's current ratio of this year was 3.01175673. Plus Group Holdings's current ratio of last year was 2.47072295. ==> 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.

Plus Group Holdings's number of shares in issue this year was 115.403. Plus Group Holdings's number of shares in issue last year was 120.031. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=196.669/2239.571
=0.08781548

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=132.794/1117.17
=0.11886642

Plus Group Holdings's gross margin of this year was 0.08781548. Plus Group Holdings's gross margin of last year was 0.11886642. ==> 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)
=2239.571/854.894
=2.61970607

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1117.17/763.776
=1.46269325

Plus Group Holdings's asset turnover of this year was 2.61970607. Plus Group Holdings's asset turnover of last year was 1.46269325. ==> 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+1+1+1+0+1
=8

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

Plus Group Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Plus Group Holdings (HKSE:02486) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Plus Group Holdings and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Plus Group Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Plus Group Holdings ranks #15 out of 1009 companies in the Media - Diversified industry, placing it in the top 1.5%.
Is Plus Group Holdings' Piotroski F-Score too high?
Plus Group Holdings' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Plus Group Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Plus Group Holdings ranks #15 out of 1009 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Plus Group Holdings has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Plus Group Holdings' Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Plus Group Holdings ranks #15 out of 1009 companies for Piotroski F-Score. This places Plus Group Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Plus Group Holdings' value of 8 is 60% above this benchmark. Historically, Plus Group Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Plus Group Holdings 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,009 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. Plus Group Holdings's current Piotroski F-Score of 8 is 60% 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 Plus Group Holdings and its competitors. For the Media - Diversified 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. Plus Group Holdings's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plus Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Plus Group Holdings (HKSE:02486) is currently considered Possible Value Trap. The stock's GF Value™ is HK$12.90, compared to a current price of HK$3.25 — trading 74.8% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Media - Diversified industry median of 5.00. Plus Group Holdings' overall GF Score™ is 81/100 with 3 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 Plus Group Holdings (HKSE:02486), the current Piotroski F-Score is 8 as of Jun. 30, 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 Plus Group Holdings (HKSE:02486) Overvalued in 2026?

Based on GuruFocus' analysis, Plus Group Holdings stock appears to be undervalued. The current stock price of HK$3.25 is trading 74.8% below its estimated GF Value™ of HK$12.90. GuruFocus considers Plus Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:02486:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: HK$12.90 vs. price of HK$3.25 (74.8% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 60% above the Media - Diversified median (#15 of 1009)

No single metric tells the full story. See the HKSE:02486 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Plus Group Holdings Business Description

Address No. 80, Lane 689, Liquan Road, Unit 1501, T2 Office Building Gaoshang Lingyu, Putuo District, Shanghai, CHN
Plus Group Holdings Inc is an investment holding company and its subsidiaries are principally engaged in the customized marketing solution, tasks and marketers matching service, marketers assignment service and SaaS+ subscription and other services in the People's Republic of China. The company generates the majority of its revenue from the Customized marketing solution.
81GF Score

Get the complete analysis for HKSE:02486

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

HK$3.25
Price
HK$12.90
GF Value