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Man Shing Global HoldingsHKSE:08309 Piotroski F-Score is 4 as of Jul. 31, 2026, which is 33% below its 10-year median of 6.00. The stock has 5 warning signs investors should review. Among 233 Waste Management companies, Man Shing Global Holdings ranks worse than 56.22% 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
Man Shing Global Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Man Shing Global Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08309'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 4
During the past 12 years, the highest Piotroski F-Score of Man Shing Global Holdings was 8. The lowest was 2. And the median was 6.
Man Shing Global Holdings (HKSE:08309) 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.
Man Shing Global Holdings Piotroski F-Score Related Terms
Man Shing Global Holdings Piotroski F-Score Historical Data
* 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:08309 vs WM, RSG, WCN: Piotroski F-Score Comparison
For the Waste Management subindustry, Man Shing Global 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.
Man Shing Global Holdings Piotroski F-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Man Shing Global Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Man Shing Global 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.
Man Shing Global Holdings's current Net Income (TTM) was -10.5.
==> 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.
Man Shing Global Holdings's current Cash Flow from Operations (TTM) was -10.7.
==> 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.
Man Shing Global Holdings's return on assets of this year was -0.04925126. Man Shing Global Holdings's return on assets of last year was -0.02092239.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Man Shing Global Holdings's gearing of this year was 0.01657941. Man Shing Global Holdings's gearing of last year was 0.00803831.
==> Last year is lower than this year ==> Score 0.
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
Man Shing Global Holdings's current ratio of this year was 2.24920573. Man Shing Global Holdings's current ratio of last year was 2.09240462.
==> 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.
Man Shing Global Holdings's number of shares in issue this year was 600. Man Shing Global Holdings's number of shares in issue last year was 600.
==> 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.
Man Shing Global Holdings's gross margin of this year was 0.0910198. Man Shing Global Holdings's gross margin of last year was 0.08951155.
==> 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
Man Shing Global Holdings's asset turnover of this year was 2.13015668. Man Shing Global Holdings's asset turnover of last year was 1.95967469.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Man Shing Global Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Man Shing Global Holdings (HKSE:08309) has a Piotroski F-Score of 4 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Man Shing Global Holdings and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Man Shing Global Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Man Shing Global Holdings ranks #131 out of 233 companies in the Waste Management industry, placing it in the top 56.2%.
Is Man Shing Global Holdings' Piotroski F-Score too high?
Man Shing Global Holdings' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. Man Shing Global Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Man Shing Global Holdings ranks #131 out of 233 companies in the Waste Management industry, which is below the industry midpoint.
How does Man Shing Global Holdings' Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Man Shing Global Holdings ranks #131 out of 233 companies for Piotroski F-Score. This places Man Shing Global Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Man Shing Global Holdings' value of 4 is 20% below this benchmark. Historically, Man Shing Global Holdings' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Man Shing Global Holdings has consistently been below 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 233 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. Man Shing Global Holdings's current Piotroski F-Score of 4 is 20% below 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 Man Shing Global Holdings and its competitors. For the Waste Management 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. Man Shing Global Holdings's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Shing Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Man Shing Global Holdings (HKSE:08309) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.08 — trading 166.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Waste Management 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 Man Shing Global Holdings (HKSE:08309), the current Piotroski F-Score is 4 as of Jul. 31, 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.
Man Shing Global Holdings Ltd is an investment holding company, engaged in providing environmental cleaning solutions in Hong Kong. The company's offerings include cleaning services, street cleaning solutions, building cleaning solutions, bus and ferry cleaning solutions, waste transportation services, pest control services, and sewage treatment services. The company derives revenue from Hong Kong and operates in two segments, namely the environmental cleaning services segment, which derives the majority of revenue and engages in the provision of street cleanings, building cleaning, bus and ferry cleaning, and other cleaning services, and property management segment comprises the provision of property management services.
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