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Kwong Man Kee GroupHKSE:08023 -23.75%63 Piotroski F-Score is 7 as of Jul. 17, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HKSE:08023 with a GF Score™ of 63/100 and a GF Value™ of HK$0.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,731 Construction companies, Kwong Man Kee Group ranks better than 89.43% 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
Kwong Man Kee Group 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 Kwong Man Kee Group's Piotroski F-Score or its related term are showing as below:
HKSE:08023'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 7
During the past 12 years, the highest Piotroski F-Score of Kwong Man Kee Group was 8. The lowest was 3. And the median was 6.
Kwong Man Kee Group (HKSE:08023) 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.
Kwong Man Kee Group Piotroski F-Score Related Terms
Kwong Man Kee Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kwong Man Kee 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.
HKSE:08023 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Kwong Man Kee 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.
Kwong Man Kee Group Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Kwong Man Kee Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kwong Man Kee Group'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.
Kwong Man Kee Group's current Net Income (TTM) was 13.8.
==> 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.
Kwong Man Kee Group's return on assets of this year was 0.07681832. Kwong Man Kee Group's return on assets of last year was 0.04518272.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kwong Man Kee Group's gearing of this year was 0.00160186. Kwong Man Kee Group's gearing of last year was 0.00568709.
==> 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
Kwong Man Kee Group's current ratio of this year was 2.60557925. Kwong Man Kee Group's current ratio of last year was 2.78853584.
==> 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.
Kwong Man Kee Group's number of shares in issue this year was 597.444. Kwong Man Kee Group's number of shares in issue last year was 597.444.
==> 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.
Kwong Man Kee Group's gross margin of this year was 0.32532055. Kwong Man Kee Group's gross margin of last year was 0.30984515.
==> 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
Kwong Man Kee Group's asset turnover of this year was 0.92424335. Kwong Man Kee Group's asset turnover of last year was 0.92094955.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kwong Man Kee Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Kwong Man Kee Group (HKSE:08023) has a Piotroski F-Score of 7 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kwong Man Kee Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Kwong Man Kee Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kwong Man Kee Group ranks #183 out of 1731 companies in the Construction industry, placing it in the top 10.6%.
Is Kwong Man Kee Group's Piotroski F-Score too high?
Kwong Man Kee Group's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Kwong Man Kee Group's value of 7 is 40% above this industry median. Based on the distribution chart, Kwong Man Kee Group ranks #183 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kwong Man Kee Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwong Man Kee Group's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kwong Man Kee Group ranks #183 out of 1731 companies for Piotroski F-Score. This places Kwong Man Kee Group in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kwong Man Kee Group's value of 7 is 40% above this benchmark. Historically, Kwong Man Kee Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kwong Man Kee Group 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Kwong Man Kee Group'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 Kwong Man Kee Group and its competitors. For the Construction 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. Kwong Man Kee Group's current Piotroski F-Score is 7, which is 17% 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 Kwong Man Kee Group stock overvalued right now?
Based on GuruFocus' analysis, Kwong Man Kee Group (HKSE:08023) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.35, compared to a current price of HK$0.31 — trading 12.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Kwong Man Kee Group's overall GF Score™ is 63/100 with 4 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 Kwong Man Kee Group (HKSE:08023), the current Piotroski F-Score is 7 as of Jul. 17, 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 Kwong Man Kee Group (HKSE:08023) Overvalued in 2026?
Based on GuruFocus' analysis, Kwong Man Kee Group stock appears to be undervalued.
The current stock price of HK$0.31 is trading 12.9% below its estimated GF Value™ of HK$0.35.
GuruFocus considers Kwong Man Kee Group to be Modestly Undervalued.
Key valuation signals for HKSE:08023:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: HK$0.35 vs. price of HK$0.31 (12.9% below fair value)
Industry Position: 40% above the Construction median (#183 of 1731)
No single metric tells the full story. See the HKSE:08023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
63GF Score
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