Astrum Financial Holdings (HKSE:08333) Piotroski F-Score: 5 (As of Aug. 22, 2026) — Near Median

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HKSE:08333 Astrum Financial Holdings Ltd HKSE:08333
34 GF Score
Price HK$0.71
GF Value HK$0.92
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Astrum Financial Holdings Piotroski F-Score?

Astrum Financial Holdings HKSE:08333 34 Piotroski F-Score is 5 as of Aug. 22, 2026, which is at its 10-year median of 5.00. GuruFocus rates HKSE:08333 with a GF Score™ of 34/100 and a GF Value™ of HK$0.92 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 786 Capital Markets companies, Astrum Financial Holdings ranks better than 65.01% 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

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

HKSE:08333' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Astrum Financial Holdings was 8. The lowest was 2. And the median was 5.

Astrum Financial Holdings  (HKSE:08333) 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.


Astrum Financial Holdings Piotroski F-Score Related Terms


Astrum Financial Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Astrum Financial 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.

Astrum Financial Holdings Piotroski F-Score Chart

Astrum Financial Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.00 4.00 5.00 5.00

Astrum Financial Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.00 0.00 5.00

HKSE:08333 vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Astrum Financial 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.


Astrum Financial Holdings Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Astrum Financial Holdings's Piotroski F-Score distribution charts can be found below:

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


HKSE:08333
34GF Score
Astrum Financial Holdings Ltd HKSE:08333
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was HK$7.99 Mil.
Cash Flow from Operations was HK$-8.49 Mil.
Revenue was HK$30.10 Mil.
Gross Profit was HK$30.10 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (164.423 + 366.068) / 2 = HK$265.2455 Mil.
Total Assets at the begining of this year (Dec24) was HK$164.42 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$355.70 Mil.
Total Current Liabilities was HK$235.81 Mil.
Net Income was HK$-17.56 Mil.

Revenue was HK$12.76 Mil.
Gross Profit was HK$12.76 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (191.062 + 164.423) / 2 = HK$177.7425 Mil.
Total Assets at the begining of last year (Dec23) was HK$191.06 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$144.06 Mil.
Total Current Liabilities was HK$42.16 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.

Astrum Financial Holdings's current Net Income (TTM) was 7.99. ==> Positive ==> Score 1.

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.

Astrum Financial Holdings's current Cash Flow from Operations (TTM) was -8.49. ==> 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 (Dec24)
=7.993/164.423
=0.04861242

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-17.558/191.062
=-0.09189687

Astrum Financial Holdings's return on assets of this year was 0.04861242. Astrum Financial Holdings's return on assets of last year was -0.09189687. ==> 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.

Astrum Financial Holdings's current Net Income (TTM) was 7.99. Astrum Financial Holdings's current Cash Flow from Operations (TTM) was -8.49. ==> -8.49 <= 7.99 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/265.2455
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/177.7425
=0

Astrum Financial Holdings's gearing of this year was 0. Astrum Financial 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: Dec25)=Total Current Assets/Total Current Liabilities
=355.7/235.811
=1.5084114

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=144.056/42.159
=3.41696909

Astrum Financial Holdings's current ratio of this year was 1.5084114. Astrum Financial Holdings's current ratio of last year was 3.41696909. ==> 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.

Astrum Financial Holdings's number of shares in issue this year was 96. Astrum Financial Holdings's number of shares in issue last year was 96. ==> 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
=30.099/30.099
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.755/12.755
=1

Astrum Financial Holdings's gross margin of this year was 1. Astrum Financial Holdings's gross margin of last year was 1. ==> 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 (Dec24)
=30.099/164.423
=0.18305833

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=12.755/191.062
=0.06675843

Astrum Financial Holdings's asset turnover of this year was 0.18305833. Astrum Financial Holdings's asset turnover of last year was 0.06675843. ==> 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
=1+0+1+0+1+0+1+0+1
=5

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

Astrum Financial 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?
Astrum Financial Holdings (HKSE:08333) has a Piotroski F-Score of 5 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Astrum Financial Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Astrum Financial Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Astrum Financial Holdings ranks #275 out of 786 companies in the Capital Markets industry, placing it in the top 35%.
Is Astrum Financial Holdings' Piotroski F-Score too high?
Astrum Financial 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 2.00 to a high of 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Astrum Financial Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Astrum Financial Holdings ranks #275 out of 786 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Astrum Financial Holdings has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Astrum Financial Holdings' Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Astrum Financial Holdings ranks #275 out of 786 companies for Piotroski F-Score. This puts Astrum Financial Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Astrum Financial Holdings' value of 5 is 0% at this benchmark. Historically, Astrum Financial 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 5.00 vs. the industry median of 5.00, Astrum Financial 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. Astrum Financial 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 Astrum Financial Holdings and its competitors. For the Capital Markets 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. Astrum Financial 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 Astrum Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Astrum Financial Holdings (HKSE:08333) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.92, compared to a current price of HK$0.71 — trading 22.8% below 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 Capital Markets industry median of 5.00. Astrum Financial Holdings' overall GF Score™ is 34/100 with 8 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 Astrum Financial Holdings (HKSE:08333), the current Piotroski F-Score is 5 as of Aug. 22, 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 Astrum Financial Holdings (HKSE:08333) Overvalued in 2026?

Based on GuruFocus' analysis, Astrum Financial Holdings stock appears to be undervalued. The current stock price of HK$0.71 is trading 22.8% below its estimated GF Value™ of HK$0.92. GuruFocus considers Astrum Financial Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08333:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: HK$0.92 vs. price of HK$0.71 (22.8% below fair value)
  • GF Score™: 34/100 with 8 warning signs
  • Industry Position: 0% at the Capital Markets median (#275 of 786)

No single metric tells the full story. See the HKSE:08333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astrum Financial Holdings Business Description

Address 18 Harcourt Road, Room 2704, 27th Floor, Tower 1, Admiralty Centre, Hong Kong, HKG
Astrum Financial Holdings Ltd p is principally engaged in the provision of brokerage services, placing and underwriting services, corporate finance advisory services, financing services including securities and IPO financing, and asset management services. Geographically the company operates in Hong Kong and other countries.
34GF Score

Get the complete analysis for HKSE:08333

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

HK$0.71
Price
HK$0.92
GF Value