Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Zhi Sheng Group HoldingsHKSE:08370 +1.63%32 Piotroski F-Score is 6 as of Aug. 20, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates HKSE:08370 with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Zhi Sheng Group Holdings ranks better than 76.87% 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
Zhi Sheng Group 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 Zhi Sheng Group Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08370'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 6
During the past 12 years, the highest Piotroski F-Score of Zhi Sheng Group Holdings was 7. The lowest was 1. And the median was 4.
Zhi Sheng Group Holdings (HKSE:08370) 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.
Zhi Sheng Group Holdings Piotroski F-Score Related Terms
Zhi Sheng Group 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:08370 vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Zhi Sheng Group 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.
Zhi Sheng Group Holdings Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhi Sheng Group Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zhi Sheng Group 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.
Zhi Sheng Group Holdings's current Net Income (TTM) was -14.77.
==> 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.
Zhi Sheng Group Holdings's current Cash Flow from Operations (TTM) was -7.22.
==> 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.
Zhi Sheng Group Holdings's return on assets of this year was -0.15381971. Zhi Sheng Group Holdings's return on assets of last year was -0.21750365.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zhi Sheng Group Holdings's gearing of this year was 0.09687249. Zhi Sheng Group Holdings's gearing of last year was 0.15443705.
==> 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
Zhi Sheng Group Holdings's current ratio of this year was 1.22733096. Zhi Sheng Group Holdings's current ratio of last year was 1.13508522.
==> 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.
Zhi Sheng Group Holdings's number of shares in issue this year was 121.601. Zhi Sheng Group Holdings's number of shares in issue last year was 90.733.
==> 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.
Zhi Sheng Group Holdings's gross margin of this year was 0.21696286. Zhi Sheng Group Holdings's gross margin of last year was 0.06411313.
==> 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
Zhi Sheng Group Holdings's asset turnover of this year was 0.79078853. Zhi Sheng Group Holdings's asset turnover of last year was 0.3249635.
==> 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
+
1
+
1
+
1
+
0
+
1
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhi Sheng Group Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Zhi Sheng Group Holdings (HKSE:08370) has a Piotroski F-Score of 6 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhi Sheng Group Holdings and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Zhi Sheng Group Holdings' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Zhi Sheng Group Holdings ranks #99 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 23.1%.
Is Zhi Sheng Group Holdings' Piotroski F-Score too high?
Zhi Sheng Group Holdings' current Piotroski F-Score of 6 is 50% 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 7.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Zhi Sheng Group Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Zhi Sheng Group Holdings ranks #99 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Zhi Sheng Group Holdings has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Zhi Sheng Group Holdings' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Zhi Sheng Group Holdings ranks #99 out of 428 companies for Piotroski F-Score. This places Zhi Sheng Group Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Zhi Sheng Group Holdings' value of 6 is 20% above this benchmark. Historically, Zhi Sheng Group 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 4.00 vs. the industry median of 5.00, Zhi Sheng Group 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 428 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. Zhi Sheng Group 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 Zhi Sheng Group Holdings and its competitors. For the Furnishings, Fixtures & Appliances 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. Zhi Sheng Group Holdings's current Piotroski F-Score is 6, which is 50% 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 Zhi Sheng Group Holdings stock overvalued right now?
Zhi Sheng Group Holdings (HKSE:08370) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Furnishings, Fixtures & Appliances industry median of 5.00. Zhi Sheng Group Holdings' overall GF Score™ is 32/100 with 5 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 Zhi Sheng Group Holdings (HKSE:08370), the current Piotroski F-Score is 6 as of Aug. 20, 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.
Zhi Sheng Group Holdings Ltd is an investment holding company. It is engaged in the manufacturing and selling of office furniture products. The segments of the group are the furniture segment and the Data centre segment. It generates the majority of its revenue from the Office furniture segment. Geographically, the company generates the majority of its revenue from PRC.
32GF Score
Get the complete analysis for HKSE:08370
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08370 has been successfully added to your 
