Dmall (HKSE:02586) Piotroski F-Score: 7 (As of Aug. 08, 2026) — 17% Above Median

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HKSE:02586 Dmall Inc HKSE:02586
12 GF Score
Price HK$5.48
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What is Dmall Piotroski F-Score?

Dmall HKSE:02586 +2.43% 12 Piotroski F-Score is 7 as of Aug. 08, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:02586 with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,729 Software companies, Dmall ranks better than 91.79% 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

Dmall 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 Dmall's Piotroski F-Score or its related term are showing as below:

HKSE:02586' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of Dmall was 7. The lowest was 4. And the median was 6.

Dmall  (HKSE:02586) 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.


Dmall Piotroski F-Score Related Terms


Dmall Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Dmall'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.

Dmall Piotroski F-Score Chart

Dmall Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 6.00 7.00

Dmall Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 4.00 0.00 6.00 0.00 7.00

HKSE:02586 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Dmall'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.


Dmall Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Dmall's Piotroski F-Score distribution charts can be found below:

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


HKSE:02586
12GF Score
Dmall Inc HKSE:02586
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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$148 Mil.
Cash Flow from Operations was HK$212 Mil.
Revenue was HK$2,460 Mil.
Gross Profit was HK$939 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1771.467 + 1915.846) / 2 = HK$1843.6565 Mil.
Total Assets at the begining of this year (Dec24) was HK$1,771 Mil.
Long-Term Debt & Capital Lease Obligation was HK$36 Mil.
Total Current Assets was HK$1,541 Mil.
Total Current Liabilities was HK$814 Mil.
Net Income was HK$-2,344 Mil.

Revenue was HK$1,985 Mil.
Gross Profit was HK$797 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1506.978 + 1771.467) / 2 = HK$1639.2225 Mil.
Total Assets at the begining of last year (Dec23) was HK$1,507 Mil.
Long-Term Debt & Capital Lease Obligation was HK$94 Mil.
Total Current Assets was HK$1,370 Mil.
Total Current Liabilities was HK$980 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.

Dmall's current Net Income (TTM) was 148. ==> 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.

Dmall's current Cash Flow from Operations (TTM) was 212. ==> 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)
=147.728/1771.467
=0.08339303

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-2343.836/1506.978
=-1.55532198

Dmall's return on assets of this year was 0.08339303. Dmall's return on assets of last year was -1.55532198. ==> 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.

Dmall's current Net Income (TTM) was 148. Dmall's current Cash Flow from Operations (TTM) was 212. ==> 212 > 148 ==> 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
=35.661/1843.6565
=0.01934254

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=94.185/1639.2225
=0.05745712

Dmall's gearing of this year was 0.01934254. Dmall's gearing of last year was 0.05745712. ==> 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
=1540.858/813.775
=1.89346933

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1370.393/980.406
=1.39778112

Dmall's current ratio of this year was 1.89346933. Dmall's current ratio of last year was 1.39778112. ==> 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.

Dmall's number of shares in issue this year was 914.849. Dmall's number of shares in issue last year was 552.381. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=938.776/2459.953
=0.38162355

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=796.885/1984.805
=0.40149284

Dmall's gross margin of this year was 0.38162355. Dmall's gross margin of last year was 0.40149284. ==> 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)
=2459.953/1771.467
=1.38865302

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1984.805/1506.978
=1.31707629

Dmall's asset turnover of this year was 1.38865302. Dmall's asset turnover of last year was 1.31707629. ==> 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+0+0+1
=7

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

Dmall has an F-score of 7. 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 7 mean?
Dmall (HKSE:02586) has a Piotroski F-Score of 7 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dmall and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Dmall's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Dmall ranks #224 out of 2729 companies in the Software industry, placing it in the top 8.2%.
Is Dmall's Piotroski F-Score too high?
Dmall's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Dmall's value of 7 is 40% above this industry median. Based on the distribution chart, Dmall ranks #224 out of 2729 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Dmall has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dmall's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Dmall ranks #224 out of 2729 companies for Piotroski F-Score. This places Dmall in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Dmall's value of 7 is 40% above this benchmark. Historically, Dmall's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Dmall 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,729 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. Dmall'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 Dmall and its competitors. For the Software 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. Dmall's current Piotroski F-Score is 7, which is 17% above 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 Dmall stock overvalued right now?
Dmall (HKSE:02586) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Dmall's overall GF Score™ is 12/100 with 5 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 Dmall (HKSE:02586), the current Piotroski F-Score is 7 as of Aug. 08, 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.

Dmall Business Description

Address No. 28, Zhongguancun Street, Floor 8, Block B, Haidian Culture and Art Building, Haidian District, Beijing, CHN
Dmall Inc is a retail digitalization solution provider in China and Asia, which offers a range of principal products and services designed to digitalize and optimize operations of the local retailers. The principal activities of the Company consist of providing an AI retail core solution and AI retail value-added services to customers, both of which fall under the Retail Core Service Cloud Solutions. The company distinguishes itself from its competitors by achieving full-spectrum coverage, incorporating industry practices, and facilitating intelligent data-driven business decision-making. The Group positions AI at the core of its strategic priorities and has reorganized its revenue structure into two core segments: AI retail core solution and AI retail value-added service.
12GF Score

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

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