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Grace Wine HoldingsHKSE:08146 +14.06%35 Piotroski F-Score is 5 as of Aug. 24, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:08146 with a GF Score™ of 35/100 and a GF Value™ of HK$0.10 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 207 Beverages - Alcoholic companies, Grace Wine Holdings ranks better than 54.59% 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
Grace Wine Holdings 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 Grace Wine Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08146'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 11 years, the highest Piotroski F-Score of Grace Wine Holdings was 8. The lowest was 3. And the median was 5.
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.
Grace Wine Holdings Piotroski F-Score Related Terms
Grace Wine Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Grace Wine 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.
For the Beverages - Wineries & Distilleries subindustry, Grace Wine 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.
Grace Wine Holdings Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Grace Wine Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grace Wine 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.
Grace Wine Holdings's current Net Income (TTM) was -2.89.
==> 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.
Grace Wine Holdings's return on assets of this year was -0.00850291. Grace Wine Holdings's return on assets of last year was -0.12089241.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grace Wine Holdings's gearing of this year was 0.01038191. Grace Wine Holdings's gearing of last year was 0.18690301.
==> 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
Grace Wine Holdings's current ratio of this year was 9.65088022. Grace Wine Holdings's current ratio of last year was 5.52451527.
==> 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.
Grace Wine Holdings's number of shares in issue this year was 800.6. Grace Wine Holdings's number of shares in issue last year was 800.6.
==> 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.
Grace Wine Holdings's gross margin of this year was 0.71936472. Grace Wine Holdings's gross margin of last year was 0.74249368.
==> 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
Grace Wine Holdings's asset turnover of this year was 0.11329564. Grace Wine Holdings's asset turnover of last year was 0.09396118.
==> 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
Grace Wine Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Grace Wine Holdings (HKSE:08146) has a Piotroski F-Score of 5 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grace Wine Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Grace Wine Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Grace Wine Holdings ranks #94 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 45.4%.
Is Grace Wine Holdings' Piotroski F-Score too high?
Grace Wine 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 3.00 to a high of 8.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. Grace Wine Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Grace Wine Holdings ranks #94 out of 207 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Grace Wine Holdings has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grace Wine Holdings' Piotroski F-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Grace Wine Holdings ranks #94 out of 207 companies for Piotroski F-Score. This puts Grace Wine Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Grace Wine Holdings' value of 5 is 0% at this benchmark. Historically, Grace Wine 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, Grace Wine 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 207 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. Grace Wine 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 Grace Wine Holdings and its competitors. For the Beverages - Alcoholic 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. Grace Wine 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 Grace Wine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grace Wine Holdings (HKSE:08146) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.37 — trading 265% above 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 Beverages - Alcoholic industry median of 5.00. Grace Wine Holdings' overall GF Score™ is 35/100 with 5 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 Grace Wine Holdings (HKSE:08146), the current Piotroski F-Score is 5 as of Aug. 24, 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 Grace Wine Holdings (HKSE:08146) Overvalued in 2026?
Based on GuruFocus' analysis, Grace Wine Holdings stock appears to be overvalued.
The current stock price of HK$0.37 is trading 265% above its estimated GF Value™ of HK$0.10.
GuruFocus considers Grace Wine Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08146:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: HK$0.10 vs. price of HK$0.37 (265% above fair value)
Industry Position: 0% at the Beverages - Alcoholic median (#94 of 207)
No single metric tells the full story. See the HKSE:08146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grace Wine Holdings Ltd engaged in the production and distribution of wine, spirits, and other alcoholic products. The wine product portfolio mainly comprises red wine, and can be broadly categorized into high-end wine, which targets the executive clientele and corporate customers, and entry-level wine that caters to the price-conscious mass market at reasonable retail prices. The company's segment includes the production of wines. Its geographic segments are Mainland China and Other jurisdictions.
35GF Score
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