360 Ludashi Holdings (HKSE:03601) Piotroski F-Score: 6 (As of Aug. 17, 2026) — 20% Above Median

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HKSE:03601 360 Ludashi Holdings Ltd HKSE:03601
88 GF Score
Price HK$0.68
GF Value HK$1.24
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is 360 Ludashi Holdings Piotroski F-Score?

360 Ludashi Holdings HKSE:03601 -1.45% 88 Piotroski F-Score is 6 as of Aug. 17, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HKSE:03601 with a GF Score™ of 88/100 and a GF Value™ of HK$1.24 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 547 Interactive Media companies, 360 Ludashi Holdings ranks better than 78.79% 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

360 Ludashi Holdings 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 360 Ludashi Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:03601' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 6

During the past 10 years, the highest Piotroski F-Score of 360 Ludashi Holdings was 6. The lowest was 4. And the median was 5.

360 Ludashi Holdings  (HKSE:03601) 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.


360 Ludashi Holdings Piotroski F-Score Related Terms


360 Ludashi Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for 360 Ludashi 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.

360 Ludashi Holdings Piotroski F-Score Chart

360 Ludashi Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 5.00 5.00 6.00

360 Ludashi Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 5.00 0.00 6.00

HKSE:03601 vs GOOGL, META, SPOT: Piotroski F-Score Comparison

For the Internet Content & Information subindustry, 360 Ludashi 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.


360 Ludashi Holdings Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Piotroski F-Score falls into.


HKSE:03601
88GF Score
360 Ludashi Holdings Ltd HKSE:03601
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$29 Mil.
Cash Flow from Operations was HK$30 Mil.
Revenue was HK$1,206 Mil.
Gross Profit was HK$138 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (837.588 + 833.923) / 2 = HK$835.7555 Mil.
Total Assets at the begining of this year (Dec24) was HK$838 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0 Mil.
Total Current Assets was HK$784 Mil.
Total Current Liabilities was HK$88 Mil.
Net Income was HK$37 Mil.

Revenue was HK$1,404 Mil.
Gross Profit was HK$169 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (835.085 + 837.588) / 2 = HK$836.3365 Mil.
Total Assets at the begining of last year (Dec23) was HK$835 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3 Mil.
Total Current Assets was HK$773 Mil.
Total Current Liabilities was HK$113 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.

360 Ludashi Holdings's current Net Income (TTM) was 29. ==> 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.

360 Ludashi Holdings's current Cash Flow from Operations (TTM) was 30. ==> 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)
=28.838/837.588
=0.03442982

ROA (Last Year)=Net Income/Total Assets (Dec23)
=37.263/835.085
=0.0446218

360 Ludashi Holdings's return on assets of this year was 0.03442982. 360 Ludashi Holdings's return on assets of last year was 0.0446218. ==> Last year is higher ==> Score 0.

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.

360 Ludashi Holdings's current Net Income (TTM) was 29. 360 Ludashi Holdings's current Cash Flow from Operations (TTM) was 30. ==> 30 > 29 ==> 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
=0.082/835.7555
=9.811E-5

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.511/836.3365
=0.00300238

360 Ludashi Holdings's gearing of this year was 9.811E-5. 360 Ludashi Holdings's gearing of last year was 0.00300238. ==> 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
=784.408/87.668
=8.94748369

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=773.418/112.522
=6.87348252

360 Ludashi Holdings's current ratio of this year was 8.94748369. 360 Ludashi Holdings's current ratio of last year was 6.87348252. ==> 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.

360 Ludashi Holdings's number of shares in issue this year was 269. 360 Ludashi Holdings's number of shares in issue last year was 269. ==> 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
=138.083/1205.667
=0.11452831

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=168.768/1404.07
=0.12019914

360 Ludashi Holdings's gross margin of this year was 0.11452831. 360 Ludashi Holdings's gross margin of last year was 0.12019914. ==> 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)
=1205.667/837.588
=1.43945114

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1404.07/835.085
=1.6813498

360 Ludashi Holdings's asset turnover of this year was 1.43945114. 360 Ludashi Holdings's asset turnover of last year was 1.6813498. ==> 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

360 Ludashi Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
360 Ludashi Holdings (HKSE:03601) has a Piotroski F-Score of 6 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on 360 Ludashi Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, 360 Ludashi Holdings' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, 360 Ludashi Holdings ranks #116 out of 547 companies in the Interactive Media industry, placing it in the top 21.2%.
Is 360 Ludashi Holdings' Piotroski F-Score too high?
360 Ludashi Holdings' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Interactive Media industry median Piotroski F-Score is 5.00. 360 Ludashi Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, 360 Ludashi Holdings ranks #116 out of 547 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, 360 Ludashi Holdings has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 360 Ludashi Holdings' Piotroski F-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, 360 Ludashi Holdings ranks #116 out of 547 companies for Piotroski F-Score. This places 360 Ludashi Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. 360 Ludashi Holdings' value of 6 is 20% above this benchmark. Historically, 360 Ludashi Holdings' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, 360 Ludashi 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 547 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. 360 Ludashi Holdings'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 360 Ludashi Holdings and its competitors. For the Interactive Media 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. 360 Ludashi Holdings's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 360 Ludashi Holdings stock overvalued right now?
Based on GuruFocus' analysis, 360 Ludashi Holdings (HKSE:03601) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$1.24, compared to a current price of HK$0.68 — trading 45.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Interactive Media industry median of 5.00. 360 Ludashi Holdings' overall GF Score™ is 88/100 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 360 Ludashi Holdings (HKSE:03601), the current Piotroski F-Score is 6 as of Aug. 17, 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 360 Ludashi Holdings (HKSE:03601) Overvalued in 2026?

Based on GuruFocus' analysis, 360 Ludashi Holdings stock appears to be undervalued. The current stock price of HK$0.68 is trading 45.2% below its estimated GF Value™ of HK$1.24. GuruFocus considers 360 Ludashi Holdings to be Significantly Undervalued.

Key valuation signals for HKSE:03601:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: HK$1.24 vs. price of HK$0.68 (45.2% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 20% above the Interactive Media median (#116 of 547)

No single metric tells the full story. See the HKSE:03601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


360 Ludashi Holdings Business Description

Address 1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041
360 Ludashi Holdings Ltd develops PC and mobile devices utility software offered free-of-charge to users and monetized through online advertising and online game business. Ludashi Software specializes in PC and smartphone hardware and system benchmarking and monitoring. The Group has accumulated a large user base through free download and installation of Ludashi Software and other utility software. It also provides precise traffic placement and referral services for live streaming and short video content on mobile e-commerce platforms, generating stable revenue from online advertising. Its segments include online traffic monetization and electronic devices sales, with online traffic monetization generating maximum revenue. The Group generates maximum revenue from the PRC.
88GF Score

Get the complete analysis for HKSE:03601

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

HK$0.68
Price
HK$1.24
GF Value