Madison Holdings GroupHKSE:08057 27 Piotroski F-Score is 6 as of Jul. 04, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates HKSE:08057 with a GF Score™ of 27/100 and a GF Value™ of HK$0.84 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 531 Credit Services companies, Madison Holdings Group ranks better than 80.98% 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
Madison Holdings Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Madison Holdings Group's Piotroski F-Score or its related term are showing as below:
HKSE:08057'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 6
During the past 12 years, the highest Piotroski F-Score of Madison Holdings Group was 7. The lowest was 2. And the median was 4.
Madison Holdings Group (HKSE:08057) 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.
Madison Holdings Group Piotroski F-Score Related Terms
Madison Holdings Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Madison Holdings 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:08057 vs V, MA, AXP: Piotroski F-Score Comparison
For the Credit Services subindustry, Madison Holdings 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.
Madison Holdings Group Piotroski F-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Madison Holdings Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Madison Holdings 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.
Madison Holdings Group's current Net Income (TTM) was -15.22.
==> 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.
Madison Holdings Group's current Cash Flow from Operations (TTM) was -5.35.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Madison Holdings Group's return on assets of this year was -0.04337985. Madison Holdings Group's return on assets of last year was -0.03751521.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Madison Holdings Group's gearing of this year was 0. Madison Holdings Group's gearing of last year was 0.00418345.
==> 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
Madison Holdings Group's current ratio of this year was 1.68078857. Madison Holdings Group's current ratio of last year was 1.27073353.
==> 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.
Madison Holdings Group's number of shares in issue this year was 88.544. Madison Holdings Group's number of shares in issue last year was 88.544.
==> 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.
Madison Holdings Group's gross margin of this year was 0.43035375. Madison Holdings Group's gross margin of last year was 0.37509363.
==> 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
Madison Holdings Group's asset turnover of this year was 0.20266071. Madison Holdings Group's asset turnover of last year was 0.15750744.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Madison Holdings Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Madison Holdings Group (HKSE:08057) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Madison Holdings Group and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Madison Holdings Group's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Madison Holdings Group ranks #101 out of 531 companies in the Credit Services industry, placing it in the top 19%.
Is Madison Holdings Group's Piotroski F-Score too high?
Madison Holdings Group's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Credit Services industry median Piotroski F-Score is 5.00. Madison Holdings Group's value of 6 is 20% above this industry median. Based on the distribution chart, Madison Holdings Group ranks #101 out of 531 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Madison Holdings Group has a GF Score™ of 27/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Holdings Group's Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, Madison Holdings Group ranks #101 out of 531 companies for Piotroski F-Score. This places Madison Holdings Group in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Madison Holdings Group's value of 6 is 20% above this benchmark. Historically, Madison Holdings Group's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Madison Holdings 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 531 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. Madison Holdings Group's current Piotroski F-Score of 6 is 20% 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 Madison Holdings Group and its competitors. For the Credit Services 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. Madison Holdings Group's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Madison Holdings Group (HKSE:08057) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.84, compared to a current price of HK$0.60 — trading 28.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Credit Services industry median of 5.00. Madison Holdings Group's overall GF Score™ is 27/100 with 7 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 Madison Holdings Group (HKSE:08057), the current Piotroski F-Score is 6 as of Jul. 04, 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 Madison Holdings Group (HKSE:08057) Overvalued in 2026?
Based on GuruFocus' analysis, Madison Holdings Group stock appears to be undervalued.
The current stock price of HK$0.60 is trading 28.6% below its estimated GF Value™ of HK$0.84.
GuruFocus considers Madison Holdings Group to be Modestly Undervalued.
Key valuation signals for HKSE:08057:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: HK$0.84 vs. price of HK$0.60 (28.6% below fair value)
Industry Position: 20% above the Credit Services median (#101 of 531)
No single metric tells the full story. See the HKSE:08057 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Madison Holdings Group Ltd is involved in retail sales and wholesale of a wide spectrum of wine products and alcoholic beverages in Hong Kong, with a focus on red wine. The company operates through three segments of Sales of alcoholic beverages, Financial services, and Loan financing services. It generates the majority of its revenue from the Loan financing services segment. Geographically, it has a business presence in the PRC and Hong Kong.
27GF Score
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