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Life Concepts Holdings (HKSE:08056) 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.
Life Concepts Holdings Piotroski F-Score Related Terms
Life Concepts Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Life Concepts Holdings'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:08056 vs MCD, SBUX, CMG: Piotroski F-Score Comparison
For the Restaurants subindustry, Life Concepts Holdings'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.
Life Concepts Holdings Piotroski F-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Life Concepts Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Life Concepts Holdings'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.
Life Concepts Holdings's current Net Income (TTM) was 10.42.
==> 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.
Life Concepts Holdings's current Cash Flow from Operations (TTM) was 6.46.
==> 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.
Life Concepts Holdings's return on assets of this year was 0.08136102. Life Concepts Holdings's return on assets of last year was 0.40631212.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Life Concepts Holdings's gearing of this year was 0.0004897. Life Concepts Holdings's gearing of last year was 0.00656909.
==> 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
Life Concepts Holdings's current ratio of this year was 0.63217109. Life Concepts Holdings's current ratio of last year was 0.63272739.
==> 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.
Life Concepts Holdings's number of shares in issue this year was 113.415. Life Concepts Holdings's number of shares in issue last year was 107.18.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Life Concepts Holdings's gross margin of this year was 0.47881684. Life Concepts Holdings's gross margin of last year was -0.28360833.
==> 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
Life Concepts Holdings's asset turnover of this year was 0.24189592. Life Concepts Holdings's asset turnover of last year was 0.06048707.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Life Concepts Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Life Concepts Holdings (HKSE:08056) has a Piotroski F-Score of 5 as of Aug. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Life Concepts Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Life Concepts Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Life Concepts Holdings ranks #179 out of 357 companies in the Restaurants industry, placing it in the top 50.1%.
Is Life Concepts Holdings' Piotroski F-Score too high?
Life Concepts Holdings' current Piotroski F-Score of 5 is near 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 Restaurants industry median Piotroski F-Score is 5.00. Life Concepts Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Life Concepts Holdings ranks #179 out of 357 companies in the Restaurants industry, which is below the industry midpoint. Overall, Life Concepts Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Life Concepts Holdings' Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Life Concepts Holdings ranks #179 out of 357 companies for Piotroski F-Score. This places Life Concepts Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Life Concepts Holdings' value of 5 is 0% at this benchmark. Historically, Life Concepts Holdings' 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, Life Concepts Holdings 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 a Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. Life Concepts Holdings'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 Life Concepts Holdings and its competitors. For the Restaurants 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. Life Concepts Holdings's current Piotroski F-Score is 5, which is near 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 Life Concepts Holdings stock overvalued right now?
Based on GuruFocus' analysis, Life Concepts Holdings (HKSE:08056) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.54, compared to a current price of HK$0.17 — trading 68% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Restaurants industry median of 5.00. Life Concepts Holdings' overall GF Score™ is 36/100 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 Life Concepts Holdings (HKSE:08056), the current Piotroski F-Score is 5 as of Aug. 31, 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 Life Concepts Holdings (HKSE:08056) Overvalued in 2026?
Based on GuruFocus' analysis, Life Concepts Holdings stock appears to be undervalued.
The current stock price of HK$0.17 is trading 68% below its estimated GF Value™ of HK$0.54.
GuruFocus considers Life Concepts Holdings to be Possible Value Trap.
Key valuation signals for HKSE:08056:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: HK$0.54 vs. price of HK$0.17 (68% below fair value)
Industry Position: 0% at the Restaurants median (#179 of 357)
No single metric tells the full story. See the HKSE:08056 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Life Concepts Holdings Ltd is an investment holding company. The company's operating segment includes Provision of Catering Services; Provision of organic vegetables consulting services and Provision of financial intermediation services. It generates maximum revenue from Provision of Catering Services segment. Geographically, it derives a majority of revenue from Hong Kong.
36GF Score
Get the complete analysis for HKSE:08056
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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