Zhenro Properties Group (HKSE:06158) Piotroski F-Score: 4 (As of Aug. 16, 2026) — 20% Below Median

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What is Zhenro Properties Group Piotroski F-Score?

Zhenro Properties Group HKSE:06158 -8.70% Piotroski F-Score is 4 as of Aug. 16, 2026, which is 20% below its 10-year median of 5.00. The stock has 4 warning signs investors should review. Among 1,753 Real Estate companies, Zhenro Properties Group ranks worse than 62.92% 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

Zhenro Properties Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Zhenro Properties Group's Piotroski F-Score or its related term are showing as below:

HKSE:06158' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 4

During the past 12 years, the highest Piotroski F-Score of Zhenro Properties Group was 6. The lowest was 2. And the median was 5.

Zhenro Properties Group  (HKSE:06158) 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.


Zhenro Properties Group Piotroski F-Score Related Terms


Zhenro Properties Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Zhenro Properties Group'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.

Zhenro Properties Group Piotroski F-Score Chart

Zhenro Properties Group 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 4.00 5.00 6.00 4.00

Zhenro Properties Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 6.00 0.00 4.00

Zhenro Properties Group Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Zhenro Properties Group'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.


Zhenro Properties Group Piotroski F-Score vs Real Estate Industry

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

* The bar in red indicates where Zhenro Properties Group's Piotroski F-Score falls into.


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$-19,266 Mil.
Cash Flow from Operations was HK$585 Mil.
Revenue was HK$10,818 Mil.
Gross Profit was HK$235 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (121054.972 + 95126.894) / 2 = HK$108090.933 Mil.
Total Assets at the begining of this year (Dec24) was HK$121,055 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2,738 Mil.
Total Current Assets was HK$79,162 Mil.
Total Current Liabilities was HK$117,415 Mil.
Net Income was HK$-7,292 Mil.

Revenue was HK$35,678 Mil.
Gross Profit was HK$2,097 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (167553.394 + 121054.972) / 2 = HK$144304.183 Mil.
Total Assets at the begining of last year (Dec23) was HK$167,553 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4,953 Mil.
Total Current Assets was HK$103,106 Mil.
Total Current Liabilities was HK$116,844 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.

Zhenro Properties Group's current Net Income (TTM) was -19,266. ==> 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.

Zhenro Properties Group's current Cash Flow from Operations (TTM) was 585. ==> 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)
=-19266.348/121054.972
=-0.15915371

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-7292.024/167553.394
=-0.0435206

Zhenro Properties Group's return on assets of this year was -0.15915371. Zhenro Properties Group's return on assets of last year was -0.0435206. ==> 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.

Zhenro Properties Group's current Net Income (TTM) was -19,266. Zhenro Properties Group's current Cash Flow from Operations (TTM) was 585. ==> 585 > -19,266 ==> 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
=2738.2/108090.933
=0.02533237

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4953.361/144304.183
=0.03432583

Zhenro Properties Group's gearing of this year was 0.02533237. Zhenro Properties Group's gearing of last year was 0.03432583. ==> 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
=79161.782/117414.928
=0.67420543

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=103105.517/116844.044
=0.88241996

Zhenro Properties Group's current ratio of this year was 0.67420543. Zhenro Properties Group's current ratio of last year was 0.88241996. ==> 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.

Zhenro Properties Group's number of shares in issue this year was 4367.756. Zhenro Properties Group's number of shares in issue last year was 4367.756. ==> 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
=234.875/10817.812
=0.02171188

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2096.697/35678.297
=0.05876673

Zhenro Properties Group's gross margin of this year was 0.02171188. Zhenro Properties Group's gross margin of last year was 0.05876673. ==> 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)
=10817.812/121054.972
=0.08936281

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=35678.297/167553.394
=0.21293688

Zhenro Properties Group's asset turnover of this year was 0.08936281. Zhenro Properties Group's asset turnover of last year was 0.21293688. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Zhenro Properties Group has an F-score of 4 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 4 mean?
Zhenro Properties Group (HKSE:06158) has a Piotroski F-Score of 4 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhenro Properties Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Zhenro Properties Group's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Zhenro Properties Group ranks #1103 out of 1753 companies in the Real Estate industry, placing it in the top 62.9%.
Is Zhenro Properties Group's Piotroski F-Score too high?
Zhenro Properties Group's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Zhenro Properties Group's value of 4 is 20% below this industry median. Based on the distribution chart, Zhenro Properties Group ranks #1103 out of 1753 companies in the Real Estate industry, which is below the industry midpoint.
How does Zhenro Properties Group's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Zhenro Properties Group ranks #1103 out of 1753 companies for Piotroski F-Score. This places Zhenro Properties Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Zhenro Properties Group's value of 4 is 20% below this benchmark. Historically, Zhenro Properties Group's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Zhenro Properties Group has consistently been below 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. Zhenro Properties Group's current Piotroski F-Score of 4 is 20% below 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 Zhenro Properties Group 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. Zhenro Properties Group's current Piotroski F-Score is 4, which is 20% below 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 Zhenro Properties Group stock overvalued right now?
Based on GuruFocus' analysis, Zhenro Properties Group (HKSE:06158) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.02, compared to a current price of HK$0.02 — trading 5% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Real Estate industry median of 5.00. 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 Zhenro Properties Group (HKSE:06158), the current Piotroski F-Score is 4 as of Aug. 16, 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.

Zhenro Properties Group Business Description

Other Exchanges 1ZZ:Germany
Address 666 Shenhong Road, 3rd Floor, Building 7, Hongqiao Zhenro Center, Minhang District, Shanghai, CHN
Zhenro Properties Group Ltd is a China-based holding company principally engaged in real estate development and property leasing. The Company focuses on the development of residential properties, and the development, operation, and management of commercial properties. The Company's businesses include property sales, property leasing, management consulting services, property management services, and sales of goods.