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Satu HoldingsHKSE:08392 Piotroski F-Score is 8 as of Aug. 15, 2026, which is 100% above its 10-year median of 4.00. The stock has 1 warning sign investors should review. Among 427 Furnishings, Fixtures & Appliances companies, Satu Holdings ranks better than 98.36% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Satu Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Satu Holdings's Piotroski F-Score or its related term are showing as below:
HKSE:08392'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 8
Current: 8
During the past 11 years, the highest Piotroski F-Score of Satu Holdings was 8. The lowest was 2. And the median was 4.
Satu Holdings (HKSE:08392) 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.
Satu Holdings Piotroski F-Score Related Terms
Satu Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Satu 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:08392 vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Satu 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.
Satu Holdings Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Satu Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Satu 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.
Satu Holdings's current Net Income (TTM) was 0.45.
==> 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.
Satu Holdings's return on assets of this year was 0.01912764. Satu Holdings's return on assets of last year was -0.087758.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Satu Holdings's gearing of this year was 0.00670419. Satu Holdings's gearing of last year was 0.00971702.
==> 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
Satu Holdings's current ratio of this year was 4.51416619. Satu Holdings's current ratio of last year was 5.4640415.
==> 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.
Satu Holdings's number of shares in issue this year was 1000. Satu Holdings's number of shares in issue last year was 1000.
==> 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.
Satu Holdings's gross margin of this year was 0.31508647. Satu Holdings's gross margin of last year was 0.31364909.
==> 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
Satu Holdings's asset turnover of this year was 2.31714732. Satu Holdings's asset turnover of last year was 1.90969937.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Satu Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Satu Holdings (HKSE:08392) has a Piotroski F-Score of 8 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Satu Holdings and its competitors. This is 100% above median its historical median of 4.00. Over the past decade, Satu Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Satu Holdings ranks #7 out of 427 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 1.6%.
Is Satu Holdings' Piotroski F-Score too high?
Satu Holdings' current Piotroski F-Score of 8 is 100% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Satu Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Satu Holdings ranks #7 out of 427 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers.
How does Satu Holdings' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Satu Holdings ranks #7 out of 427 companies for Piotroski F-Score. This places Satu Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Satu Holdings' value of 8 is 60% above this benchmark. Historically, Satu 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 4.00 vs. the industry median of 5.00, Satu 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 427 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. Satu Holdings's current Piotroski F-Score of 8 is 60% 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 Satu 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. Satu Holdings's current Piotroski F-Score is 8, which is 100% 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 Satu Holdings stock overvalued right now?
Based on GuruFocus' analysis, Satu Holdings (HKSE:08392) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.04, compared to a current price of HK$0.05 — trading 12.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 100% above median its 10-year median of 4.00 and 60% above the Furnishings, Fixtures & Appliances 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 Satu Holdings (HKSE:08392), the current Piotroski F-Score is 8 as of Aug. 15, 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.
Satu Holdings Ltd is a company principally engaged in the design, development, and production management of homeware products. The Company's products are classified into three categories including home decorations, bathroom accessories, and kitchenware and tableware. The Company's home decorations products are the decorations exhibited at home, including vases, tealight holders, and jewelry dishes. The Company's kitchenware and tableware products are utensils used in the kitchen and articles used on the table at meals, including teapots, cups, and oil bottles. The company operates in Denmark, the UK, the USA, Australia, Poland, and others countries.
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