Tai Kam Holdings (HKSE:08321) Piotroski F-Score: 5 (As of Jul. 12, 2026) — 25% Above Median


HKSE:08321 Tai Kam Holdings Ltd HKSE:08321
31 GF Score
Price HK$1.78
GF Value HK$0.18
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Tai Kam Holdings Piotroski F-Score?

Tai Kam Holdings HKSE:08321 31 Piotroski F-Score is 5 as of Jul. 12, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates HKSE:08321 with a GF Score™ of 31/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,730 Construction companies, Tai Kam Holdings ranks better than 52.6% 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

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

HKSE:08321' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

During the past 11 years, the highest Piotroski F-Score of Tai Kam Holdings was 6. The lowest was 1. And the median was 4.

Tai Kam Holdings  (HKSE:08321) 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.


Tai Kam Holdings Piotroski F-Score Related Terms


Tai Kam Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tai Kam 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.

Tai Kam Holdings Piotroski F-Score Chart

Tai Kam Holdings Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 4.00 4.00 5.00

Tai Kam Holdings Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 0.00 4.00 0.00 5.00 0.00

HKSE:08321 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Tai Kam 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.


Tai Kam Holdings Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Tai Kam Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:08321
31GF Score
Tai Kam Holdings Ltd HKSE:08321
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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was HK$-5.89 Mil.
Cash Flow from Operations was HK$-10.72 Mil.
Revenue was HK$40.55 Mil.
Gross Profit was HK$1.72 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was (83.907 + 77.624) / 2 = HK$80.7655 Mil.
Total Assets at the begining of this year (Apr24) was HK$83.91 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$73.85 Mil.
Total Current Liabilities was HK$18.73 Mil.
Net Income was HK$-11.41 Mil.

Revenue was HK$38.13 Mil.
Gross Profit was HK$0.72 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was (93.99 + 83.907) / 2 = HK$88.9485 Mil.
Total Assets at the begining of last year (Apr23) was HK$93.99 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$80.07 Mil.
Total Current Liabilities was HK$19.12 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.

Tai Kam Holdings's current Net Income (TTM) was -5.89. ==> 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.

Score 1 if positive, 0 if negative.

Tai Kam Holdings's current Cash Flow from Operations (TTM) was -10.72. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Apr24)
=-5.888/83.907
=-0.07017293

ROA (Last Year)=Net Income/Total Assets (Apr23)
=-11.409/93.99
=-0.12138525

Tai Kam Holdings's return on assets of this year was -0.07017293. Tai Kam Holdings's return on assets of last year was -0.12138525. ==> This year is higher. ==> Score 1.

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.

Tai Kam Holdings's current Net Income (TTM) was -5.89. Tai Kam Holdings's current Cash Flow from Operations (TTM) was -10.72. ==> -10.72 <= -5.89 ==> CFROA <= ROA ==> Score 0.

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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/80.7655
=0

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=0/88.9485
=0

Tai Kam Holdings's gearing of this year was 0. Tai Kam Holdings's gearing of last year was 0. ==> 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: Apr25)=Total Current Assets/Total Current Liabilities
=73.848/18.725
=3.94381842

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=80.071/19.12
=4.18781381

Tai Kam Holdings's current ratio of this year was 3.94381842. Tai Kam Holdings's current ratio of last year was 4.18781381. ==> Last year's current ratio is higher ==> Score 0.

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.

Tai Kam Holdings's number of shares in issue this year was 246.4. Tai Kam Holdings's number of shares in issue last year was 246.4. ==> 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
=1.716/40.55
=0.04231813

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.724/38.132
=0.01898668

Tai Kam Holdings's gross margin of this year was 0.04231813. Tai Kam Holdings's gross margin of last year was 0.01898668. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr24)
=40.55/83.907
=0.48327315

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=38.132/93.99
=0.40570273

Tai Kam Holdings's asset turnover of this year was 0.48327315. Tai Kam Holdings's asset turnover of last year was 0.40570273. ==> 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+0+1+0+1+0+1+1+1
=5

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

Tai Kam Holdings has an F-score of 5 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 5 mean?
Tai Kam Holdings (HKSE:08321) has a Piotroski F-Score of 5 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tai Kam Holdings and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Tai Kam Holdings' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Tai Kam Holdings ranks #820 out of 1730 companies in the Construction industry, placing it in the top 47.4%.
Is Tai Kam Holdings' Piotroski F-Score too high?
Tai Kam Holdings' current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. Tai Kam Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Tai Kam Holdings ranks #820 out of 1730 companies in the Construction industry, which is above the industry midpoint. Overall, Tai Kam Holdings has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tai Kam Holdings' Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Tai Kam Holdings ranks #820 out of 1730 companies for Piotroski F-Score. This puts Tai Kam Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tai Kam Holdings' value of 5 is 0% at this benchmark. Historically, Tai Kam Holdings' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Tai Kam 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. Tai Kam 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 Tai Kam Holdings and its competitors. For the Construction 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. Tai Kam Holdings's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tai Kam Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tai Kam Holdings (HKSE:08321) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$1.78 — trading 888.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Construction industry median of 5.00. Tai Kam Holdings' overall GF Score™ is 31/100 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 Tai Kam Holdings (HKSE:08321), the current Piotroski F-Score is 5 as of Jul. 12, 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 Tai Kam Holdings (HKSE:08321) Overvalued in 2026?

Based on GuruFocus' analysis, Tai Kam Holdings stock appears to be overvalued. The current stock price of HK$1.78 is trading 888.9% above its estimated GF Value™ of HK$0.18. GuruFocus considers Tai Kam Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:08321:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: HK$0.18 vs. price of HK$1.78 (888.9% above fair value)
  • GF Score™: 31/100 with 4 warning signs
  • Industry Position: 0% at the Construction median (#820 of 1730)

No single metric tells the full story. See the HKSE:08321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tai Kam Holdings Business Description

Address 99-105 Des Voeux Road Central, 2nd Floor, Dah Sing Life Building, Central, Hong Kong, HKG
Tai Kam Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the construction business, mainly site formation works and renovation works in Hong Kong. Site formation works generally include piling works, landslip preventive and remedial works for improving or maintaining the stability of slopes and/or retaining walls. Renovation works refer to the fitting-out work for premises in Hong Kong. The group considers its business of undertaking site formation works and renovation works as a main contractor in Hong Kong as a single operating segment.
31GF Score

Get the complete analysis for HKSE:08321

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

HK$1.78
Price
HK$0.18
GF Value