KWG Living Group Holdings (HKSE:03913) Piotroski F-Score: 7 (As of Jul. 24, 2026) — 75% Above Median

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HKSE:03913 KWG Living Group Holdings Ltd HKSE:03913
62 GF Score
Price HK$0.14
GF Value HK$0.32
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is KWG Living Group Holdings Piotroski F-Score?

KWG Living Group Holdings HKSE:03913 -0.72% 62 Piotroski F-Score is 7 as of Jul. 24, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates HKSE:03913 with a GF Score™ of 62/100 and a GF Value™ of HK$0.32 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,752 Real Estate companies, KWG Living Group Holdings ranks better than 93.09% 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

KWG Living Group Holdings 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 KWG Living Group Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:03913' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of KWG Living Group Holdings was 7. The lowest was 3. And the median was 4.

KWG Living Group Holdings  (HKSE:03913) 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.


KWG Living Group Holdings Piotroski F-Score Related Terms


KWG Living Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for KWG Living Group 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.

KWG Living Group Holdings Piotroski F-Score Chart

KWG Living Group Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 3.00 3.00 4.00 7.00

KWG Living Group Holdings Semi-Annual Data
Dec17 Dec18 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 3.00 0.00 4.00 0.00 7.00

HKSE:03913 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, KWG Living Group 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.


KWG Living Group Holdings Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, KWG Living Group Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where KWG Living Group Holdings's Piotroski F-Score falls into.


HKSE:03913
62GF Score
KWG Living Group Holdings Ltd HKSE:03913
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$-347 Mil.
Cash Flow from Operations was HK$275 Mil.
Revenue was HK$3,679 Mil.
Gross Profit was HK$916 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6603.044 + 6601.827) / 2 = HK$6602.4355 Mil.
Total Assets at the begining of this year (Dec24) was HK$6,603 Mil.
Long-Term Debt & Capital Lease Obligation was HK$309 Mil.
Total Current Assets was HK$5,212 Mil.
Total Current Liabilities was HK$3,120 Mil.
Net Income was HK$-611 Mil.

Revenue was HK$3,815 Mil.
Gross Profit was HK$942 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (7540.903 + 6603.044) / 2 = HK$7071.9735 Mil.
Total Assets at the begining of last year (Dec23) was HK$7,541 Mil.
Long-Term Debt & Capital Lease Obligation was HK$428 Mil.
Total Current Assets was HK$5,004 Mil.
Total Current Liabilities was HK$2,721 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.

KWG Living Group Holdings's current Net Income (TTM) was -347. ==> 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.

Score 1 if positive, 0 if negative.

KWG Living Group Holdings's current Cash Flow from Operations (TTM) was 275. ==> 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)
=-346.623/6603.044
=-0.05249443

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-611.01/7540.903
=-0.08102611

KWG Living Group Holdings's return on assets of this year was -0.05249443. KWG Living Group Holdings's return on assets of last year was -0.08102611. ==> 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.

KWG Living Group Holdings's current Net Income (TTM) was -347. KWG Living Group Holdings's current Cash Flow from Operations (TTM) was 275. ==> 275 > -347 ==> 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
=309.325/6602.4355
=0.04685014

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=428.486/7071.9735
=0.06058931

KWG Living Group Holdings's gearing of this year was 0.04685014. KWG Living Group Holdings's gearing of last year was 0.06058931. ==> 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
=5212.46/3120.419
=1.67043593

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5003.838/2720.987
=1.83897902

KWG Living Group Holdings's current ratio of this year was 1.67043593. KWG Living Group Holdings's current ratio of last year was 1.83897902. ==> 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.

KWG Living Group Holdings's number of shares in issue this year was 2025.859. KWG Living Group Holdings's number of shares in issue last year was 2025.972. ==> 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
=916.304/3678.597
=0.24909062

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=942.389/3815.293
=0.24700305

KWG Living Group Holdings's gross margin of this year was 0.24909062. KWG Living Group Holdings's gross margin of last year was 0.24700305. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=3678.597/6603.044
=0.55710624

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3815.293/7540.903
=0.50594644

KWG Living Group Holdings's asset turnover of this year was 0.55710624. KWG Living Group Holdings's asset turnover of last year was 0.50594644. ==> 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
=0+1+1+1+1+0+1+1+1
=7

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

KWG Living Group Holdings 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?
KWG Living Group Holdings (HKSE:03913) has a Piotroski F-Score of 7 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KWG Living Group Holdings and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, KWG Living Group Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, KWG Living Group Holdings ranks #121 out of 1752 companies in the Real Estate industry, placing it in the top 6.9%.
Is KWG Living Group Holdings' Piotroski F-Score too high?
KWG Living Group Holdings' 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 3.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. KWG Living Group Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, KWG Living Group Holdings ranks #121 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, KWG Living Group Holdings has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KWG Living Group Holdings' Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, KWG Living Group Holdings ranks #121 out of 1752 companies for Piotroski F-Score. This places KWG Living Group Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. KWG Living Group Holdings' value of 7 is 40% above this benchmark. Historically, KWG Living Group Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, KWG Living Group 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 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. KWG Living Group Holdings'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 KWG Living Group Holdings 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. KWG Living Group Holdings'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 KWG Living Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, KWG Living Group Holdings (HKSE:03913) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.14 — trading 57.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Real Estate industry median of 5.00. KWG Living Group Holdings' overall GF Score™ is 62/100 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 KWG Living Group Holdings (HKSE:03913), the current Piotroski F-Score is 7 as of Jul. 24, 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 KWG Living Group Holdings (HKSE:03913) Overvalued in 2026?

Based on GuruFocus' analysis, KWG Living Group Holdings stock appears to be undervalued. The current stock price of HK$0.14 is trading 57.2% below its estimated GF Value™ of HK$0.32. GuruFocus considers KWG Living Group Holdings to be Possible Value Trap.

Key valuation signals for HKSE:03913:

  • Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
  • GF Value™: HK$0.32 vs. price of HK$0.14 (57.2% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 40% above the Real Estate median (#121 of 1752)

No single metric tells the full story. See the HKSE:03913 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KWG Living Group Holdings Business Description

Address 39 Gloucester Road, Room 1302, 13th Floor, Harcourt House, Wan Chai, Hong Kong, HKG
KWG Living Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it operates in two reportable segments: Residential property management services and Non-residential property management and commercial operational services. Maximum revenue for the group is generated from its Residential property management and commercial operational services segment, which manages and operates a portfolio of non-residential properties, provides property management and commercial operational services to commercial properties such as shopping malls, office buildings and industrial parks, and provides property management services to schools, hospitals, government authorities and other public properties. Geographically, it derives all of its revenue from Chinese Mainland.
62GF Score

Get the complete analysis for HKSE:03913

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

HK$0.14
Price
HK$0.32
GF Value