South China Vocational Education Group Co (HKSE:06913) Piotroski F-Score: 5 (As of Sep. 21, 2026) — 17% Below Median

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What is South China Vocational Education Group Co Piotroski F-Score?

South China Vocational Education Group Co HKSE:06913 +1.05% Piotroski F-Score is 5 as of Sep. 21, 2026, which is 17% below its 10-year median of 6.00. The stock has 4 warning signs investors should review. Among 253 Education companies, South China Vocational Education Group Co ranks better than 50.99% 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

South China Vocational Education Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for South China Vocational Education Group Co's Piotroski F-Score or its related term are showing as below:

HKSE:06913' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 9 years, the highest Piotroski F-Score of South China Vocational Education Group Co was 7. The lowest was 4. And the median was 6.

South China Vocational Education Group Co  (HKSE:06913) 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.


South China Vocational Education Group Co Piotroski F-Score Related Terms


South China Vocational Education Group Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for South China Vocational Education Group 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.

South China Vocational Education Group Co Piotroski F-Score Chart

South China Vocational Education Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 7.00 5.00 6.00 5.00 5.00

South China Vocational Education Group Co Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 5.00 5.00 5.00

HKSE:06913 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, South China Vocational Education Group 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.


South China Vocational Education Group Co Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, South China Vocational Education Group Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where South China Vocational Education Group Co'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$-64.7 Mil.
Cash Flow from Operations was HK$256.3 Mil.
Revenue was HK$858.7 Mil.
Gross Profit was HK$247.5 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2693.1472273932 + 3245.8748213762) / 2 = HK$2969.5110243847 Mil.
Total Assets at the begining of this year (Dec24) was HK$2,693.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$437.1 Mil.
Total Current Assets was HK$654.2 Mil.
Total Current Liabilities was HK$974.7 Mil.
Net Income was HK$98.5 Mil.

Revenue was HK$741.2 Mil.
Gross Profit was HK$205.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2714.7290235893 + 2693.1472273932) / 2 = HK$2703.9381254913 Mil.
Total Assets at the begining of last year (Dec23) was HK$2,714.7 Mil.
Long-Term Debt & Capital Lease Obligation was HK$209.4 Mil.
Total Current Assets was HK$436.9 Mil.
Total Current Liabilities was HK$637.0 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.

South China Vocational Education Group Co's current Net Income (TTM) was -64.7. ==> 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.

South China Vocational Education Group Co's current Cash Flow from Operations (TTM) was 256.3. ==> 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)
=-64.657114315742/2693.1472273932
=-0.02400801

ROA (Last Year)=Net Income/Total Assets (Dec23)
=98.547273492912/2714.7290235893
=0.03630096

South China Vocational Education Group Co's return on assets of this year was -0.02400801. South China Vocational Education Group Co's return on assets of last year was 0.03630096. ==> 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.

South China Vocational Education Group Co's current Net Income (TTM) was -64.7. South China Vocational Education Group Co's current Cash Flow from Operations (TTM) was 256.3. ==> 256.3 > -64.7 ==> 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
=437.08515658651/2969.5110243847
=0.14719095

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=209.40075346097/2703.9381254913
=0.07744288

South China Vocational Education Group Co's gearing of this year was 0.14719095. South China Vocational Education Group Co's gearing of last year was 0.07744288. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=654.17197985161/974.66419030788
=0.67117679

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=436.93142385862/636.96391840943
=0.68595946

South China Vocational Education Group Co's current ratio of this year was 0.67117679. South China Vocational Education Group Co's current ratio of last year was 0.68595946. ==> 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.

South China Vocational Education Group Co's number of shares in issue this year was 0. South China Vocational Education Group Co's number of shares in issue last year was 0. ==> 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
=247.47630344183/858.6800549566
=0.28820549

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=205.93205552608/741.19385054135
=0.27783832

South China Vocational Education Group Co's gross margin of this year was 0.28820549. South China Vocational Education Group Co's gross margin of last year was 0.27783832. ==> 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)
=858.6800549566/2693.1472273932
=0.31883888

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=741.19385054135/2714.7290235893
=0.27302683

South China Vocational Education Group Co's asset turnover of this year was 0.31883888. South China Vocational Education Group Co's asset turnover of last year was 0.27302683. ==> 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+0+1+0+0+1+1+1
=5

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

South China Vocational Education Group Co has an F-score of 5 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 5 mean?
South China Vocational Education Group Co (HKSE:06913) has a Piotroski F-Score of 5 as of Sep. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on South China Vocational Education Group Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, South China Vocational Education Group Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, South China Vocational Education Group Co ranks #124 out of 253 companies in the Education industry, placing it in the top 49%.
Is South China Vocational Education Group Co's Piotroski F-Score too high?
South China Vocational Education Group Co's current Piotroski F-Score of 5 is 17% below 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 7.00. The Education industry median Piotroski F-Score is 5.00. South China Vocational Education Group Co's value of 5 is 0% at this industry median. Based on the distribution chart, South China Vocational Education Group Co ranks #124 out of 253 companies in the Education industry, which is above the industry midpoint.
How does South China Vocational Education Group Co's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, South China Vocational Education Group Co ranks #124 out of 253 companies for Piotroski F-Score. This puts South China Vocational Education Group Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. South China Vocational Education Group Co's value of 5 is 0% at this benchmark. Historically, South China Vocational Education Group Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, South China Vocational Education Group Co has consistently been at 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 253 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. South China Vocational Education Group Co's current Piotroski F-Score of 5 is 0% at 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 South China Vocational Education Group Co and its competitors. For the Education 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. South China Vocational Education Group Co's current Piotroski F-Score is 5, which is 17% below 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 South China Vocational Education Group Co stock overvalued right now?
Based on GuruFocus' analysis, South China Vocational Education Group Co (HKSE:06913) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.49, compared to a current price of HK$0.10 — trading 80.4% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Education 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 South China Vocational Education Group Co (HKSE:06913), the current Piotroski F-Score is 5 as of Sep. 21, 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.

South China Vocational Education Group Co Business Description

Address No. 492 Da Guan Zhong Road, Tianhe District, Guangdong Province, Guangzhou, CHN
South China Vocational Education Group Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing private higher vocational education in the People's Republic of China (PRC). The Group's two core schools, Lingnan Vocational and Technical College and Lingnan Modern Technician College in Guangzhou and Qingyuan, offer several majors, covering TMT industries such as Internet, e-commerce, telecommunications, software, and animation, as well as emerging industries such as the health industry.