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Midea Real Estate HoldingHKSE:03990 +3.28%72 Piotroski F-Score is 6 as of Sep. 06, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates HKSE:03990 with a GF Score™ of 72/100 and a GF Value™ of HK$3.92 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,753 Real Estate companies, Midea Real Estate Holding ranks better than 78.61% 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
Midea Real Estate Holding 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 Midea Real Estate Holding's Piotroski F-Score or its related term are showing as below:
HKSE:03990'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 6
During the past 11 years, the highest Piotroski F-Score of Midea Real Estate Holding was 7. The lowest was 2. And the median was 4.
Midea Real Estate Holding (HKSE:03990) 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.
Midea Real Estate Holding Piotroski F-Score Related Terms
Midea Real Estate Holding 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.
Midea Real Estate Holding Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, Midea Real Estate Holding'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.
Midea Real Estate Holding Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Midea Real Estate Holding's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Midea Real Estate Holding'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.
Midea Real Estate Holding's current Net Income (TTM) was 618.
==> 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.
Midea Real Estate Holding's current Cash Flow from Operations (TTM) was 1,078.
==> 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.
Midea Real Estate Holding's return on assets of this year was 0.05951085. Midea Real Estate Holding's return on assets of last year was -0.00996515.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Midea Real Estate Holding's gearing of this year was 0.01869944. Midea Real Estate Holding's gearing of last year was 0.00708849.
==> 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
Midea Real Estate Holding's current ratio of this year was 1.00909004. Midea Real Estate Holding's current ratio of last year was 1.11326761.
==> 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.
Midea Real Estate Holding's number of shares in issue this year was 1435.412. Midea Real Estate Holding's number of shares in issue last year was 1435.412.
==> 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.
Midea Real Estate Holding's gross margin of this year was 0.32907309. Midea Real Estate Holding's gross margin of last year was 0.35742256.
==> 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
Midea Real Estate Holding's asset turnover of this year was 0.441472. Midea Real Estate Holding's asset turnover of last year was 0.0180419.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Midea Real Estate Holding has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Midea Real Estate Holding (HKSE:03990) has a Piotroski F-Score of 6 as of Sep. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Midea Real Estate Holding and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Midea Real Estate Holding's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Midea Real Estate Holding ranks #375 out of 1753 companies in the Real Estate industry, placing it in the top 21.4%.
Is Midea Real Estate Holding's Piotroski F-Score too high?
Midea Real Estate Holding's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Midea Real Estate Holding's value of 6 is 20% above this industry median. Based on the distribution chart, Midea Real Estate Holding ranks #375 out of 1753 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Midea Real Estate Holding has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Midea Real Estate Holding's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Midea Real Estate Holding ranks #375 out of 1753 companies for Piotroski F-Score. This places Midea Real Estate Holding in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Midea Real Estate Holding's value of 6 is 20% above this benchmark. Historically, Midea Real Estate Holding's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Midea Real Estate Holding 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 1,753 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. Midea Real Estate Holding'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 Midea Real Estate Holding 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. Midea Real Estate Holding's current Piotroski F-Score is 6, which is 50% 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 Midea Real Estate Holding stock overvalued right now?
Based on GuruFocus' analysis, Midea Real Estate Holding (HKSE:03990) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.92, compared to a current price of HK$2.36 — trading 39.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Real Estate industry median of 5.00. Midea Real Estate Holding's overall GF Score™ is 72/100 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 Midea Real Estate Holding (HKSE:03990), the current Piotroski F-Score is 6 as of Sep. 06, 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 Midea Real Estate Holding (HKSE:03990) Overvalued in 2026?
Based on GuruFocus' analysis, Midea Real Estate Holding stock appears to be undervalued.
The current stock price of HK$2.36 is trading 39.8% below its estimated GF Value™ of HK$3.92.
GuruFocus considers Midea Real Estate Holding to be Possible Value Trap.
Key valuation signals for HKSE:03990:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: HK$3.92 vs. price of HK$2.36 (39.8% below fair value)
Industry Position: 20% above the Real Estate median (#375 of 1753)
No single metric tells the full story. See the HKSE:03990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through principal business segments: Property management services business; Asset operation business; Real estate technology business; and Project management services business. The Property management services business generates the majority of the revenue.
72GF Score
Get the complete analysis for HKSE:03990
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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