OOH Holdings (HKSE:08091) Piotroski F-Score: 6 (As of Jul. 11, 2026) — 20% Above Median


What is OOH Holdings Piotroski F-Score?

OOH Holdings HKSE:08091 Piotroski F-Score is 6 as of Jul. 11, 2026, which is 20% above its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,005 Media - Diversified companies, OOH Holdings ranks better than 78.81% 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

OOH Holdings 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 OOH Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:08091' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 12 years, the highest Piotroski F-Score of OOH Holdings was 8. The lowest was 3. And the median was 5.

OOH Holdings  (HKSE:08091) 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.


OOH Holdings Piotroski F-Score Related Terms


OOH Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OOH 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.

OOH Holdings Piotroski F-Score Chart

OOH Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 3.00 6.00 6.00 0.00

OOH Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 6.00 0.00 6.00 0.00 0.00

HKSE:08091 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, OOH 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.


OOH Holdings Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, OOH Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where OOH Holdings'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was HK$-10.38 Mil.
Cash Flow from Operations was HK$6.18 Mil.
Revenue was HK$40.37 Mil.
Gross Profit was HK$15.34 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (66.161 + 39.583) / 2 = HK$52.872 Mil.
Total Assets at the begining of this year (Mar24) was HK$66.16 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3.91 Mil.
Total Current Assets was HK$28.44 Mil.
Total Current Liabilities was HK$15.99 Mil.
Net Income was HK$-10.51 Mil.

Revenue was HK$51.08 Mil.
Gross Profit was HK$19.93 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (90.628 + 66.161) / 2 = HK$78.3945 Mil.
Total Assets at the begining of last year (Mar23) was HK$90.63 Mil.
Long-Term Debt & Capital Lease Obligation was HK$12.79 Mil.
Total Current Assets was HK$39.42 Mil.
Total Current Liabilities was HK$23.30 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.

OOH Holdings's current Net Income (TTM) was -10.38. ==> 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.

OOH Holdings's current Cash Flow from Operations (TTM) was 6.18. ==> 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 (Mar24)
=-10.384/66.161
=-0.15695047

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-10.508/90.628
=-0.11594651

OOH Holdings's return on assets of this year was -0.15695047. OOH Holdings's return on assets of last year was -0.11594651. ==> 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.

OOH Holdings's current Net Income (TTM) was -10.38. OOH Holdings's current Cash Flow from Operations (TTM) was 6.18. ==> 6.18 > -10.38 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.905/52.872
=0.07385762

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=12.785/78.3945
=0.16308542

OOH Holdings's gearing of this year was 0.07385762. OOH Holdings's gearing of last year was 0.16308542. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=28.441/15.988
=1.77889667

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=39.419/23.302
=1.69165737

OOH Holdings's current ratio of this year was 1.77889667. OOH Holdings's current ratio of last year was 1.69165737. ==> 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.

OOH Holdings's number of shares in issue this year was 720. OOH Holdings's number of shares in issue last year was 720. ==> 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
=15.338/40.366
=0.37997324

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.933/51.079
=0.39023865

OOH Holdings's gross margin of this year was 0.37997324. OOH Holdings's gross margin of last year was 0.39023865. ==> 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 (Mar24)
=40.366/66.161
=0.61011774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=51.079/90.628
=0.56361169

OOH Holdings's asset turnover of this year was 0.61011774. OOH Holdings's asset turnover of last year was 0.56361169. ==> 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+1+1+1+0+1
=6

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

OOH Holdings has an F-score of 6 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 6 mean?
OOH Holdings (HKSE:08091) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OOH Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, OOH Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, OOH Holdings ranks #213 out of 1005 companies in the Media - Diversified industry, placing it in the top 21.2%.
Is OOH Holdings' Piotroski F-Score too high?
OOH Holdings' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. OOH Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, OOH Holdings ranks #213 out of 1005 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers.
How does OOH Holdings' Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, OOH Holdings ranks #213 out of 1005 companies for Piotroski F-Score. This places OOH Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. OOH Holdings' value of 6 is 20% above this benchmark. Historically, OOH Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, OOH Holdings 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,005 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. OOH Holdings'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 OOH Holdings and its competitors. For the Media - Diversified 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. OOH Holdings's current Piotroski F-Score is 6, which is 20% above 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 OOH Holdings stock overvalued right now?
Based on GuruFocus' analysis, OOH Holdings (HKSE:08091) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.03 — trading right at its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Media - Diversified 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 OOH Holdings (HKSE:08091), the current Piotroski F-Score is 6 as of Jul. 11, 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.

OOH Holdings Business Description

Address 189 Wai Yip Street, Suite A5, 9th Floor, Jumbo Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG
OOH Holdings Ltd is engaged in the provision of Out-Of-Home (OOH) advertising space and services to customers, that comprise direct advertisers aiming to promote their brands, products, or services, and advertising agencies acting for their advertisers. The firm's revenue is derived from the provision of advertising display services and esports event management services. Its segments are the Transportation business, Healthcare business. It derives a majority of the revenue from the Transportation Business segment which covers the provision of advertising display services over the transportation media platforms. The principal place of the group's operation is in Hong Kong.