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Bank of Qingdao CoHKSE:03866 -1.19%68 Piotroski F-Score is 7 as of Sep. 17, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates HKSE:03866 with a GF Score™ of 68/100 and a GF Value™ of HK$3.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,485 Banks companies, Bank of Qingdao Co ranks better than 79.33% 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
Bank of Qingdao 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 Bank of Qingdao Co's Piotroski F-Score or its related term are showing as below:
HKSE:03866'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Bank of Qingdao Co was 8. The lowest was 1. And the median was 4.
Bank of Qingdao Co (HKSE:03866) 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.
Bank of Qingdao Co Piotroski F-Score Related Terms
Bank of Qingdao Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bank of Qingdao Co'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.
Bank of Qingdao Co Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, Bank of Qingdao 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.
Bank of Qingdao Co Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Qingdao Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bank of Qingdao 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.
This Year (Jun26) TTM:
Last Year (Jun24) TTM:
Net Income was 875.09068729333 + 1949.317196492 + 1311.7786878896 + 2410.7457692419 = HK$6,547 Mil. Cash Flow from Operations was 2181.2593458453 + 2403.7089885165 + 752.85911198482 + -6031.6132904515 = HK$-694 Mil. Revenue was 3405.8634838225 + 4020.514125569 + 4047.4982832938 + 4724.3799352258 = HK$16,198 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun26) was
(702751.82386138 + 734266.9921168 + 814006.87127435 + 907714.03215877 + 980502.94970758) / 5 = HK$827848.53382378 Mil. Total Assets at the begining of this year (Jun24) was HK$702,752 Mil. Long-Term Debt & Capital Lease Obligation was HK$19,021 Mil. Total Assets was HK$980,503 Mil. Total Liabilities was HK$928,688 Mil.
Net Income was 536.21421294174 + 1593.0105279849 + 605.13823095804 + 1684.3389700139 = HK$4,419 Mil.
Revenue was 2488.0720261522 + 3803.714090111 + 3169.7811564706 + 3711.1986925666 = HK$13,173 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun24) was
(628770.80874935 + 594618.68706746 + 613202.07705291 + 669395.13501722 + 702751.82386138) / 5 = HK$641747.70634966 Mil. Total Assets at the begining of last year (Jun22) was HK$628,771 Mil. Long-Term Debt & Capital Lease Obligation was HK$23,062 Mil. Total Assets was HK$702,752 Mil. Total Liabilities was HK$663,575 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.
Bank of Qingdao Co's current Net Income (TTM) was 6,547.
==> 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.
Bank of Qingdao Co's return on assets of this year was 0.00931614. Bank of Qingdao Co's return on assets of last year was 0.00702752.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bank of Qingdao Co's gearing of this year was 0.02297659. Bank of Qingdao Co's gearing of last year was 0.03593675.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Bank of Qingdao Co's current ratio of this year was 1.05579348. Bank of Qingdao Co's current ratio of last year was 1.0590383.
==> 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.
Bank of Qingdao Co's number of shares in issue this year was 5820.355. Bank of Qingdao Co's number of shares in issue last year was 5820.355.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Bank of Qingdao Co's net margin of this year was 0.40417514. Bank of Qingdao Co's net margin of last year was 0.33544223.
==> This year's net 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
Bank of Qingdao Co's asset turnover of this year was 0.02304975. Bank of Qingdao Co's asset turnover of last year was 0.02095003.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Que. 1
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Que. 2
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bank of Qingdao Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Bank of Qingdao Co (HKSE:03866) has a Piotroski F-Score of 7 as of Sep. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bank of Qingdao Co and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Bank of Qingdao Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Bank of Qingdao Co ranks #307 out of 1485 companies in the Banks industry, placing it in the top 20.7%.
Is Bank of Qingdao Co's Piotroski F-Score too high?
Bank of Qingdao Co's current Piotroski F-Score of 7 is 75% above 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 8.00. The Banks industry median Piotroski F-Score is 6.00. Bank of Qingdao Co's value of 7 is 16.7% above this industry median. Based on the distribution chart, Bank of Qingdao Co ranks #307 out of 1485 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank of Qingdao Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Qingdao Co's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, Bank of Qingdao Co ranks #307 out of 1485 companies for Piotroski F-Score. This places Bank of Qingdao Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Bank of Qingdao Co's value of 7 is 16.7% above this benchmark. Historically, Bank of Qingdao Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Bank of Qingdao 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,485 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. Bank of Qingdao Co's current Piotroski F-Score of 7 is 16.7% 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 Bank of Qingdao Co and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Qingdao Co's current Piotroski F-Score is 7, which is 75% above 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 Bank of Qingdao Co stock overvalued right now?
Based on GuruFocus' analysis, Bank of Qingdao Co (HKSE:03866) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$3.88, compared to a current price of HK$5.00 — trading 28.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 16.7% above the Banks industry median of 6.00. Bank of Qingdao Co's overall GF Score™ is 68/100 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 Bank of Qingdao Co (HKSE:03866), the current Piotroski F-Score is 7 as of Sep. 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 Bank of Qingdao Co (HKSE:03866) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Qingdao Co stock appears to be overvalued.
The current stock price of HK$5.00 is trading 28.9% above its estimated GF Value™ of HK$3.88.
GuruFocus considers Bank of Qingdao Co to be Modestly Overvalued.
Key valuation signals for HKSE:03866:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: HK$3.88 vs. price of HK$5.00 (28.9% above fair value)
Industry Position: 16.7% above the Banks median (#307 of 1485)
No single metric tells the full story. See the HKSE:03866 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Qingdao Co Ltd is engaged in the banking business. Its main segments include corporate banking, retail banking, and financial market business. The corporate banking segment offers financial products and services to corporations, government agencies, and financial institutions. The retail banking segments comprise personal loans and deposit services, whereas the financial market business covers inter-bank money market transactions, repurchases transactions, investments in debt securities, and non-standardised debt investments, and others. It generates the majority of its revenue from the corporate business segment.
68GF Score
Get the complete analysis for HKSE:03866
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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