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Zhonghua Gas HoldingsHKSE:08246 42 Piotroski F-Score is 6 as of Aug. 18, 2026, which is 100% above its 10-year median of 3.00. GuruFocus rates HKSE:08246 with a GF Score™ of 42/100 and a GF Value™ of HK$0.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 493 Utilities - Regulated companies, Zhonghua Gas Holdings ranks better than 68.97% 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
Zhonghua Gas 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 Zhonghua Gas Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08246'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Zhonghua Gas Holdings was 7. The lowest was 1. And the median was 3.
Zhonghua Gas Holdings (HKSE:08246) 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.
Zhonghua Gas Holdings Piotroski F-Score Related Terms
Zhonghua Gas Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zhonghua Gas 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:08246 vs ATO, NI: Piotroski F-Score Comparison
For the Utilities - Regulated Gas subindustry, Zhonghua Gas 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.
Zhonghua Gas Holdings Piotroski F-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Zhonghua Gas Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zhonghua Gas 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.
Zhonghua Gas Holdings's current Net Income (TTM) was -26.71.
==> 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.
Zhonghua Gas Holdings's current Cash Flow from Operations (TTM) was 90.77.
==> 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.
Zhonghua Gas Holdings's return on assets of this year was -0.06162328. Zhonghua Gas Holdings's return on assets of last year was -0.1370646.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zhonghua Gas Holdings's gearing of this year was 0.00292708. Zhonghua Gas Holdings's gearing of last year was 0.004309.
==> 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
Zhonghua Gas Holdings's current ratio of this year was 2.35717448. Zhonghua Gas Holdings's current ratio of last year was 1.69899194.
==> 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.
Zhonghua Gas Holdings's number of shares in issue this year was 588.1. Zhonghua Gas Holdings's number of shares in issue last year was 459.87.
==> 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.
Zhonghua Gas Holdings's gross margin of this year was 0.0974986. Zhonghua Gas Holdings's gross margin of last year was 0.03964129.
==> 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
Zhonghua Gas Holdings's asset turnover of this year was 0.2056493. Zhonghua Gas Holdings's asset turnover of last year was 0.24898944.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhonghua Gas Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Zhonghua Gas Holdings (HKSE:08246) has a Piotroski F-Score of 6 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhonghua Gas Holdings and its competitors. This is 100% above median its historical median of 3.00. Over the past decade, Zhonghua Gas Holdings' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Zhonghua Gas Holdings ranks #153 out of 493 companies in the Utilities - Regulated industry, placing it in the top 31%.
Is Zhonghua Gas Holdings' Piotroski F-Score too high?
Zhonghua Gas Holdings' current Piotroski F-Score of 6 is 100% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Zhonghua Gas Holdings' value of 6 is 0% at this industry median. Based on the distribution chart, Zhonghua Gas Holdings ranks #153 out of 493 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Zhonghua Gas Holdings has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhonghua Gas Holdings' Piotroski F-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Zhonghua Gas Holdings ranks #153 out of 493 companies for Piotroski F-Score. This puts Zhonghua Gas Holdings in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Zhonghua Gas Holdings' value of 6 is 0% at this benchmark. Historically, Zhonghua Gas Holdings' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, Zhonghua Gas 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 493 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. Zhonghua Gas Holdings's current Piotroski F-Score of 6 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 Zhonghua Gas Holdings and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhonghua Gas Holdings's current Piotroski F-Score is 6, which is 100% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhonghua Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zhonghua Gas Holdings (HKSE:08246) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.59, compared to a current price of HK$0.63 — trading 6.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 100% above median its 10-year median of 3.00 and 0% at the Utilities - Regulated industry median of 6.00. Zhonghua Gas Holdings' overall GF Score™ is 42/100 with 3 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 Zhonghua Gas Holdings (HKSE:08246), the current Piotroski F-Score is 6 as of Aug. 18, 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 Zhonghua Gas Holdings (HKSE:08246) Overvalued in 2026?
Based on GuruFocus' analysis, Zhonghua Gas Holdings stock appears to be overvalued.
The current stock price of HK$0.63 is trading 6.8% above its estimated GF Value™ of HK$0.59.
GuruFocus considers Zhonghua Gas Holdings to be Fairly Valued.
Key valuation signals for HKSE:08246:
Piotroski F-Score: 6 (100% above median its 10-year median of 3.00)
GF Value™: HK$0.59 vs. price of HK$0.63 (6.8% above fair value)
Industry Position: 0% at the Utilities - Regulated median (#153 of 493)
No single metric tells the full story. See the HKSE:08246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhonghua Gas Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of diverse integrated new energy services including technological development, construction and consultancy services about heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with the trading of new energy-related industrial products (New Energy Business); the operation of restaurants and trading of non-staple food (Catering Business) and the leasing of investment properties. The Group has two reportable operating segments, which are Energy Business and Property Investments. It derives a majority of its revenue from the energy business.
42GF Score
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