Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Numans Health Food Holdings CoHKSE:02530 +2.01%23 Piotroski F-Score is 6 as of Aug. 12, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates HKSE:02530 with a GF Score™ of 23/100. The stock has 7 warning signs investors should review. Among 1,906 Consumer Packaged Goods companies, Numans Health Food Holdings Co ranks better than 72.35% 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
Numans Health Food 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 Numans Health Food Holdings Co's Piotroski F-Score or its related term are showing as below:
HKSE:02530'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 7
Current: 6
During the past 5 years, the highest Piotroski F-Score of Numans Health Food Holdings Co was 7. The lowest was 6. And the median was 7.
Numans Health Food Holdings Co (HKSE:02530) 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.
Numans Health Food Holdings Co Piotroski F-Score Related Terms
Numans Health Food Holdings Co 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.
Numans Health Food Holdings Co Piotroski F-Score Chart
HKSE:02530 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Numans Health Food 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.
Numans Health Food Holdings Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Numans Health Food Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Numans Health Food 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.
Numans Health Food Holdings Co's current Net Income (TTM) was 6.1.
==> 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.
Numans Health Food Holdings Co's current Cash Flow from Operations (TTM) was 48.5.
==> 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.
Numans Health Food Holdings Co's return on assets of this year was 0.01370036. Numans Health Food Holdings Co's return on assets of last year was 0.15555296.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Numans Health Food Holdings Co's gearing of this year was 0.00252026. Numans Health Food Holdings Co's gearing of last year was 0.00408851.
==> 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
Numans Health Food Holdings Co's current ratio of this year was 28.92999317. Numans Health Food Holdings Co's current ratio of last year was 10.62917222.
==> 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.
Numans Health Food Holdings Co's number of shares in issue this year was 993.151. Numans Health Food Holdings Co's number of shares in issue last year was 1000.
==> 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.
Numans Health Food Holdings Co's gross margin of this year was 0.69017135. Numans Health Food Holdings Co's gross margin of last year was 0.76058986.
==> 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
Numans Health Food Holdings Co's asset turnover of this year was 0.47139692. Numans Health Food Holdings Co's asset turnover of last year was 0.57630205.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
0
+
1
+
1
+
1
+
1
+
0
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Numans Health Food Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Numans Health Food Holdings Co (HKSE:02530) has a Piotroski F-Score of 6 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Numans Health Food Holdings Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Numans Health Food Holdings Co's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Numans Health Food Holdings Co ranks #527 out of 1906 companies in the Consumer Packaged Goods industry, placing it in the top 27.6%.
Is Numans Health Food Holdings Co's Piotroski F-Score too high?
Numans Health Food Holdings Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Numans Health Food Holdings Co's value of 6 is 20% above this industry median. Based on the distribution chart, Numans Health Food Holdings Co ranks #527 out of 1906 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Numans Health Food Holdings Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Numans Health Food Holdings Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Numans Health Food Holdings Co ranks #527 out of 1906 companies for Piotroski F-Score. This puts Numans Health Food Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Numans Health Food Holdings Co's value of 6 is 20% above this benchmark. Historically, Numans Health Food Holdings Co's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Numans Health Food 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,906 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. Numans Health Food 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 Numans Health Food Holdings Co and its competitors. For the Consumer Packaged Goods 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. Numans Health Food Holdings Co's current Piotroski F-Score is 6, which is 14% below 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 Numans Health Food Holdings Co stock overvalued right now?
Numans Health Food Holdings Co (HKSE:02530) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Numans Health Food Holdings Co's overall GF Score™ is 23/100 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 Numans Health Food Holdings Co (HKSE:02530), the current Piotroski F-Score is 6 as of Aug. 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.
Numans Health Food Holdings Co Ltd is engaged in the marketing, sales and distribution of finished nutritional products in the PRC. The company sells its nutritional products under proprietary brands, namely Nemans, which can be broadly categorized into five main types, namely algal oil DHA, probiotics, vitamins, multi-nutrients, and algal calcium products.
23GF Score
Get the complete analysis for HKSE:02530
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:02530 has been successfully added to your 
