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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
World-Link Logistics (Asia) Holding Piotroski F-Score Related Terms
World-Link Logistics (Asia) 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.
HKSE:06083 vs UPS, FDX, EXPD: Piotroski F-Score Comparison
For the Integrated Freight & Logistics subindustry, World-Link Logistics (Asia) 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.
World-Link Logistics (Asia) Holding Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, World-Link Logistics (Asia) Holding's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where World-Link Logistics (Asia) 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.
World-Link Logistics (Asia) Holding's current Net Income (TTM) was 17.9.
==> 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.
World-Link Logistics (Asia) Holding's current Cash Flow from Operations (TTM) was 85.5.
==> 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.
World-Link Logistics (Asia) Holding's return on assets of this year was 0.06022846. World-Link Logistics (Asia) Holding's return on assets of last year was 0.0639354.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
World-Link Logistics (Asia) Holding's gearing of this year was 0.00994592. World-Link Logistics (Asia) Holding's gearing of last year was 0.08008815.
==> 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
World-Link Logistics (Asia) Holding's current ratio of this year was 1.44235891. World-Link Logistics (Asia) Holding's current ratio of last year was 1.33082902.
==> 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.
World-Link Logistics (Asia) Holding's number of shares in issue this year was 501.843. World-Link Logistics (Asia) Holding's number of shares in issue last year was 501.843.
==> 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.
World-Link Logistics (Asia) Holding's gross margin of this year was 0.09903523. World-Link Logistics (Asia) Holding's gross margin of last year was 0.09694771.
==> 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
World-Link Logistics (Asia) Holding's asset turnover of this year was 1.23414267. World-Link Logistics (Asia) Holding's asset turnover of last year was 1.18412938.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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1
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
World-Link Logistics (Asia) Holding has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
World-Link Logistics (Asia) Holding (HKSE:06083) has a Piotroski F-Score of 8 as of Sep. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on World-Link Logistics (Asia) Holding and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, World-Link Logistics (Asia) Holding's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, World-Link Logistics (Asia) Holding ranks #27 out of 986 companies in the Transportation industry, placing it in the top 2.7%.
Is World-Link Logistics (Asia) Holding's Piotroski F-Score too high?
World-Link Logistics (Asia) Holding's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. World-Link Logistics (Asia) Holding's value of 8 is 33.3% above this industry median. Based on the distribution chart, World-Link Logistics (Asia) Holding ranks #27 out of 986 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, World-Link Logistics (Asia) Holding has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does World-Link Logistics (Asia) Holding's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, World-Link Logistics (Asia) Holding ranks #27 out of 986 companies for Piotroski F-Score. This places World-Link Logistics (Asia) Holding in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. World-Link Logistics (Asia) Holding's value of 8 is 33.3% above this benchmark. Historically, World-Link Logistics (Asia) Holding'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 6.00 vs. the industry median of 6.00, World-Link Logistics (Asia) 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 986 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. World-Link Logistics (Asia) Holding's current Piotroski F-Score of 8 is 33.3% 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 World-Link Logistics (Asia) Holding and its competitors. For the Transportation 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. World-Link Logistics (Asia) Holding's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World-Link Logistics (Asia) Holding stock overvalued right now?
Based on GuruFocus' analysis, World-Link Logistics (Asia) Holding (HKSE:06083) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.35, compared to a current price of HK$0.72 — trading 105.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Transportation industry median of 6.00. World-Link Logistics (Asia) Holding's overall GF Score™ is 52/100 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 World-Link Logistics (Asia) Holding (HKSE:06083), the current Piotroski F-Score is 8 as of Sep. 02, 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 World-Link Logistics (Asia) Holding (HKSE:06083) Overvalued in 2026?
Based on GuruFocus' analysis, World-Link Logistics (Asia) Holding stock appears to be overvalued.
The current stock price of HK$0.72 is trading 105.7% above its estimated GF Value™ of HK$0.35.
GuruFocus considers World-Link Logistics (Asia) Holding to be Significantly Overvalued.
Key valuation signals for HKSE:06083:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: HK$0.35 vs. price of HK$0.72 (105.7% above fair value)
Industry Position: 33.3% above the Transportation median (#27 of 986)
No single metric tells the full story. See the HKSE:06083 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
World-Link Logistics (Asia) Holding Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in providing logistics services, packing services, and distribution business. The organization offers total supply chain services, warehousing, transportation, data management, and customization services, such as repacking and labeling services, and value-added services. The operating segments of the group are the supply chain management service business and the full-service distribution business. It generates maximum revenue from the full-service distribution business. All the business operations of the company are located in Hong Kong and Macau, of which Hong Kong derives the maximum revenue.
52GF Score
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