Hephaestus Holdings (HKSE:08173) Piotroski F-Score: 6 (As of Aug. 19, 2026) — 20% Above Median

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HKSE:08173 Hephaestus Holdings Ltd HKSE:08173
32 GF Score
Price HK$0.12
GF Value HK$0.45
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Hephaestus Holdings Piotroski F-Score?

Hephaestus Holdings HKSE:08173 32 Piotroski F-Score is 6 as of Aug. 19, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HKSE:08173 with a GF Score™ of 32/100 and a GF Value™ of HK$0.45 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,060 Business Services companies, Hephaestus Holdings ranks better than 71.7% 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

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

HKSE:08173' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Hephaestus Holdings was 7. The lowest was 3. And the median was 5.

Hephaestus Holdings  (HKSE:08173) 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.


Hephaestus Holdings Piotroski F-Score Related Terms


Hephaestus Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hephaestus 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.

Hephaestus Holdings Piotroski F-Score Chart

Hephaestus 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 7.00 3.00 4.00 3.00 6.00

Hephaestus 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 4.00 0.00 3.00 0.00 6.00

HKSE:08173 vs VRSK, EFX, BAH: Piotroski F-Score Comparison

For the Consulting Services subindustry, Hephaestus 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.


Hephaestus Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Hephaestus Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hephaestus Holdings's Piotroski F-Score falls into.


HKSE:08173
32GF Score
Hephaestus Holdings Ltd HKSE:08173
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was HK$-7.54 Mil.
Cash Flow from Operations was HK$2.80 Mil.
Revenue was HK$40.18 Mil.
Gross Profit was HK$10.89 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (39.845 + 37.194) / 2 = HK$38.5195 Mil.
Total Assets at the begining of this year (Mar25) was HK$39.85 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.05 Mil.
Total Current Assets was HK$30.92 Mil.
Total Current Liabilities was HK$15.92 Mil.
Net Income was HK$-7.47 Mil.

Revenue was HK$16.31 Mil.
Gross Profit was HK$7.81 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (46.244 + 39.845) / 2 = HK$43.0445 Mil.
Total Assets at the begining of last year (Mar24) was HK$46.24 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.18 Mil.
Total Current Assets was HK$19.27 Mil.
Total Current Liabilities was HK$10.86 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.

Hephaestus Holdings's current Net Income (TTM) was -7.54. ==> 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.

Hephaestus Holdings's current Cash Flow from Operations (TTM) was 2.80. ==> 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 (Mar25)
=-7.54/39.845
=-0.18923328

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-7.469/46.244
=-0.16151284

Hephaestus Holdings's return on assets of this year was -0.18923328. Hephaestus Holdings's return on assets of last year was -0.16151284. ==> 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.

Hephaestus Holdings's current Net Income (TTM) was -7.54. Hephaestus Holdings's current Cash Flow from Operations (TTM) was 2.80. ==> 2.80 > -7.54 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.053/38.5195
=0.00137593

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.176/43.0445
=0.00408879

Hephaestus Holdings's gearing of this year was 0.00137593. Hephaestus Holdings's gearing of last year was 0.00408879. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=30.919/15.921
=1.94202625

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=19.266/10.855
=1.7748503

Hephaestus Holdings's current ratio of this year was 1.94202625. Hephaestus Holdings's current ratio of last year was 1.7748503. ==> 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.

Hephaestus Holdings's number of shares in issue this year was 215.347. Hephaestus Holdings's number of shares in issue last year was 215.347. ==> 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
=10.887/40.175
=0.27098942

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.814/16.305
=0.4792395

Hephaestus Holdings's gross margin of this year was 0.27098942. Hephaestus Holdings's gross margin of last year was 0.4792395. ==> 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 (Mar25)
=40.175/39.845
=1.00828209

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=16.305/46.244
=0.35258628

Hephaestus Holdings's asset turnover of this year was 1.00828209. Hephaestus Holdings's asset turnover of last year was 0.35258628. ==> 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

Hephaestus 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?
Hephaestus Holdings (HKSE:08173) has a Piotroski F-Score of 6 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hephaestus Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Hephaestus Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Hephaestus Holdings ranks #300 out of 1060 companies in the Business Services industry, placing it in the top 28.3%.
Is Hephaestus Holdings' Piotroski F-Score too high?
Hephaestus 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 7.00. The Business Services industry median Piotroski F-Score is 5.00. Hephaestus Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Hephaestus Holdings ranks #300 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, Hephaestus Holdings has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hephaestus Holdings' Piotroski F-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Hephaestus Holdings ranks #300 out of 1060 companies for Piotroski F-Score. This puts Hephaestus Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hephaestus Holdings' value of 6 is 20% above this benchmark. Historically, Hephaestus Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hephaestus 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,060 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. Hephaestus 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 Hephaestus Holdings and its competitors. For the Business 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. Hephaestus 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 Hephaestus Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hephaestus Holdings (HKSE:08173) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.45, compared to a current price of HK$0.12 — trading 74.4% below 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 Business Services industry median of 5.00. Hephaestus Holdings' overall GF Score™ is 32/100 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 Hephaestus Holdings (HKSE:08173), the current Piotroski F-Score is 6 as of Aug. 19, 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 Hephaestus Holdings (HKSE:08173) Overvalued in 2026?

Based on GuruFocus' analysis, Hephaestus Holdings stock appears to be undervalued. The current stock price of HK$0.12 is trading 74.4% below its estimated GF Value™ of HK$0.45. GuruFocus considers Hephaestus Holdings to be Possible Value Trap.

Key valuation signals for HKSE:08173:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: HK$0.45 vs. price of HK$0.12 (74.4% below fair value)
  • GF Score™: 32/100 with 4 warning signs
  • Industry Position: 20% above the Business Services median (#300 of 1060)

No single metric tells the full story. See the HKSE:08173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hephaestus Holdings Business Description

Address 180 Tung Lo Wan Road, Rooms 1602, 16th floor, Park Commercial Centre, Causeway Bay, Hong Kong, HKG
Hephaestus Holdings Ltd is an investment holding company that is engaged in the provision of interior design and execution services to premises, including private residences, corporate offices, service apartments, hotels, residential clubhouses, show flats, and sales galleries. The company operates in a single segment, focusing on interior design and execution services, and derives the majority of its revenue from Hong Kong.
32GF Score

Get the complete analysis for HKSE:08173

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.12
Price
HK$0.45
GF Value