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Binjiang Service Group Co (HKSE:03316) 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.
Binjiang Service Group Co Piotroski F-Score Related Terms
Binjiang Service Group 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.
HKSE:03316 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Binjiang 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.
Binjiang Service Group Co Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Binjiang Service Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Binjiang 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.
Binjiang Service Group Co's current Net Income (TTM) was 658.
==> 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.
Binjiang Service Group Co's current Cash Flow from Operations (TTM) was 916.
==> 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.
Binjiang Service Group Co's return on assets of this year was 0.14468936. Binjiang Service Group Co's return on assets of last year was 0.13156531.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Binjiang Service Group Co's gearing of this year was 0.00024975. Binjiang Service Group Co's gearing of last year was 0.00025718.
==> 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
Binjiang Service Group Co's current ratio of this year was 1.49468765. Binjiang Service Group Co's current ratio of last year was 1.16188421.
==> 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.
Binjiang Service Group Co's number of shares in issue this year was 276.407. Binjiang Service Group Co's number of shares in issue last year was 276.407.
==> 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.
Binjiang Service Group Co's gross margin of this year was 0.22187175. Binjiang Service Group Co's gross margin of last year was 0.23238785.
==> 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
Binjiang Service Group Co's asset turnover of this year was 0.99647246. Binjiang Service Group Co's asset turnover of last year was 0.86535115.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Binjiang Service Group Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Binjiang Service Group Co (HKSE:03316) has a Piotroski F-Score of 8 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Binjiang Service Group Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Binjiang Service Group Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Binjiang Service Group Co ranks #24 out of 1752 companies in the Real Estate industry, placing it in the top 1.4%.
Is Binjiang Service Group Co's Piotroski F-Score too high?
Binjiang Service Group Co's 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 4.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Binjiang Service Group Co's value of 8 is 60% above this industry median. Based on the distribution chart, Binjiang Service Group Co ranks #24 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Binjiang Service Group Co has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Binjiang Service Group Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Binjiang Service Group Co ranks #24 out of 1752 companies for Piotroski F-Score. This places Binjiang Service Group Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Binjiang Service Group Co's value of 8 is 60% above this benchmark. Historically, Binjiang Service Group Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Binjiang 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 1,752 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. Binjiang Service Group Co'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 Binjiang 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. Binjiang Service Group Co'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 Binjiang Service Group Co stock overvalued right now?
Based on GuruFocus' analysis, Binjiang Service Group Co (HKSE:03316) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$29.27, compared to a current price of HK$23.64 — trading 19.2% 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 Real Estate industry median of 5.00. Binjiang Service Group Co's overall GF Score™ is 100/100 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 Binjiang Service Group Co (HKSE:03316), the current Piotroski F-Score is 8 as of Jul. 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 Binjiang Service Group Co (HKSE:03316) Overvalued in 2026?
Based on GuruFocus' analysis, Binjiang Service Group Co stock appears to be undervalued.
The current stock price of HK$23.64 is trading 19.2% below its estimated GF Value™ of HK$29.27.
GuruFocus considers Binjiang Service Group Co to be Modestly Undervalued.
Key valuation signals for HKSE:03316:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: HK$29.27 vs. price of HK$23.64 (19.2% below fair value)
Industry Position: 60% above the Real Estate median (#24 of 1752)
No single metric tells the full story. See the HKSE:03316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China. The company segments: Property management services, Value-added services to non-property owners, 5S valueadded services. The Majority of revenue is from Property management services.
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