ArtGo HoldingsHKSE:03313 Piotroski F-Score is 4 as of Jul. 07, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 1,733 Construction companies, ArtGo Holdings ranks worse than 65.26% 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
ArtGo Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for ArtGo Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:03313'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 4
During the past 13 years, the highest Piotroski F-Score of ArtGo Holdings was 5. The lowest was 1. And the median was 4.
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.
ArtGo Holdings Piotroski F-Score Related Terms
ArtGo Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for ArtGo 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.
HKSE:03313 vs TT, JCI, CARR: Piotroski F-Score Comparison
For the Building Products & Equipment subindustry, ArtGo 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.
ArtGo Holdings Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, ArtGo Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ArtGo Holdings'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.
ArtGo Holdings's current Net Income (TTM) was -90.41.
==> 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.
ArtGo Holdings's return on assets of this year was -0.08471418. ArtGo Holdings's return on assets of last year was -0.20832059.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
ArtGo Holdings's gearing of this year was 0.21625981. ArtGo Holdings's gearing of last year was 0.1694825.
==> 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
ArtGo Holdings's current ratio of this year was 1.06617893. ArtGo Holdings's current ratio of last year was 1.15503974.
==> 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.
ArtGo Holdings's number of shares in issue this year was 119.029. ArtGo Holdings's number of shares in issue last year was 103.333.
==> 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.
ArtGo Holdings's gross margin of this year was 0.16559486. ArtGo Holdings's gross margin of last year was 0.15661752.
==> 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
ArtGo Holdings's asset turnover of this year was 0.07634526. ArtGo Holdings's asset turnover of last year was 0.05229857.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ArtGo Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
ArtGo Holdings (HKSE:03313) has a Piotroski F-Score of 4 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ArtGo Holdings and its competitors. This is near median its historical median of 4.00. Over the past decade, ArtGo Holdings' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, ArtGo Holdings ranks #1131 out of 1733 companies in the Construction industry, placing it in the top 65.3%.
Is ArtGo Holdings' Piotroski F-Score too high?
ArtGo Holdings' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Construction industry median Piotroski F-Score is 5.00. ArtGo Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, ArtGo Holdings ranks #1131 out of 1733 companies in the Construction industry, which is below the industry midpoint.
How does ArtGo Holdings' Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, ArtGo Holdings ranks #1131 out of 1733 companies for Piotroski F-Score. This places ArtGo Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. ArtGo Holdings' value of 4 is 20% below this benchmark. Historically, ArtGo Holdings' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, ArtGo Holdings 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,733 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. ArtGo Holdings's current Piotroski F-Score of 4 is 20% 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 ArtGo Holdings and its competitors. For the Construction 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. ArtGo Holdings's current Piotroski F-Score is 4, which is near 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 ArtGo Holdings stock overvalued right now?
Based on GuruFocus' analysis, ArtGo Holdings (HKSE:03313) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.00, compared to a current price of HK$0.07 — trading 93.3% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Construction industry median of 5.00. 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 ArtGo Holdings (HKSE:03313), the current Piotroski F-Score is 4 as of Jul. 07, 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.
ArtGo Holdings Ltd principally engaged in the business of production and sales of calcium carbonate products, mining, processing and sale of marble stones and warehousing and logistics. It operates in two reportable segments: the marble products segment produces marble stone products and calcium carbonate products mainly by further processing or trading; and the other segment includes the provision of warehousing and logistics services. The majority of its revenue is generated from the Marble products segment. The company's projects includes Engineering projects, and Space application. The company's products includes Material, Finish Surface, Bathroom products, Crafts, and Lines. Geographically, the group generates all of its revenue from its customers in the People's Republic of China.
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