World Super Holdings (HKSE:08612) Piotroski F-Score: 3 (As of Aug. 28, 2026) — Near Median

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What is World Super Holdings Piotroski F-Score?

World Super Holdings HKSE:08612 +6.17% Piotroski F-Score is 3 as of Aug. 28, 2026, which is at its 10-year median of 3.00. The stock has 9 warning signs investors should review. Among 1,062 Business Services companies, World Super Holdings ranks worse than 84.75% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

World Super Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for World Super Holdings's Piotroski F-Score or its related term are showing as below:

HKSE:08612' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 8
Current: 3

During the past 10 years, the highest Piotroski F-Score of World Super Holdings was 8. The lowest was 2. And the median was 3.

World Super Holdings  (HKSE:08612) 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.


World Super Holdings Piotroski F-Score Related Terms


World Super Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for World Super 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.

World Super Holdings Piotroski F-Score Chart

World Super 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 3.00 4.00 3.00 3.00 3.00

World Super Holdings Semi-Annual Data
Dec16 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 3.00 0.00 3.00 0.00 3.00

HKSE:08612 vs URI, SUNB, AER: Piotroski F-Score Comparison

For the Rental & Leasing Services subindustry, World Super 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.


World Super Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, World Super Holdings's Piotroski F-Score distribution charts can be found below:

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


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$-23.09 Mil.
Cash Flow from Operations was HK$-14.25 Mil.
Revenue was HK$23.75 Mil.
Gross Profit was HK$2.09 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (31.005 + 29.176) / 2 = HK$30.0905 Mil.
Total Assets at the begining of this year (Dec24) was HK$31.01 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Total Current Assets was HK$22.57 Mil.
Total Current Liabilities was HK$38.24 Mil.
Net Income was HK$-28.70 Mil.

Revenue was HK$16.21 Mil.
Gross Profit was HK$1.98 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (50.6 + 31.005) / 2 = HK$40.8025 Mil.
Total Assets at the begining of last year (Dec23) was HK$50.60 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.15 Mil.
Total Current Assets was HK$12.49 Mil.
Total Current Liabilities was HK$16.93 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.

World Super Holdings's current Net Income (TTM) was -23.09. ==> 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.

World Super Holdings's current Cash Flow from Operations (TTM) was -14.25. ==> 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)
=-23.093/31.005
=-0.74481535

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-28.696/50.6
=-0.56711462

World Super Holdings's return on assets of this year was -0.74481535. World Super Holdings's return on assets of last year was -0.56711462. ==> Last year is higher ==> Score 0.

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.

World Super Holdings's current Net Income (TTM) was -23.09. World Super Holdings's current Cash Flow from Operations (TTM) was -14.25. ==> -14.25 > -23.09 ==> CFROA > ROA ==> Score 1.

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
=0/30.0905
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.147/40.8025
=0.00360272

World Super Holdings's gearing of this year was 0. World Super Holdings's gearing of last year was 0.00360272. ==> 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
=22.574/38.236
=0.59038602

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=12.486/16.926
=0.73768167

World Super Holdings's current ratio of this year was 0.59038602. World Super Holdings's current ratio of last year was 0.73768167. ==> 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.

World Super Holdings's number of shares in issue this year was 124.028. World Super Holdings's number of shares in issue last year was 105.447. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2.093/23.75
=0.08812632

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.978/16.207
=0.12204603

World Super Holdings's gross margin of this year was 0.08812632. World Super Holdings's gross margin of last year was 0.12204603. ==> 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)
=23.75/31.005
=0.76600548

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=16.207/50.6
=0.32029644

World Super Holdings's asset turnover of this year was 0.76600548. World Super Holdings's asset turnover of last year was 0.32029644. ==> 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+0+1+1+0+0+0+1
=3

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

World Super Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
World Super Holdings (HKSE:08612) has a Piotroski F-Score of 3 as of Aug. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on World Super Holdings and its competitors. This is near median its historical median of 3.00. Over the past decade, World Super Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, World Super Holdings ranks #900 out of 1062 companies in the Business Services industry, placing it in the top 84.7%.
Is World Super Holdings' Piotroski F-Score too high?
World Super Holdings' current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. World Super Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, World Super Holdings ranks #900 out of 1062 companies in the Business Services industry, which is in the bottom quartile relative to peers.
How does World Super Holdings' Piotroski F-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, World Super Holdings ranks #900 out of 1062 companies for Piotroski F-Score. This places World Super Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. World Super Holdings' value of 3 is 40% below this benchmark. Historically, World Super 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 3.00 vs. the industry median of 5.00, World Super 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,062 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. World Super Holdings's current Piotroski F-Score of 3 is 40% 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 World Super Holdings and its competitors. For the Business Services 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. World Super Holdings's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Super Holdings stock overvalued right now?
Based on GuruFocus' analysis, World Super Holdings (HKSE:08612) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.16, compared to a current price of HK$0.09 — trading 46.3% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Business Services 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 World Super Holdings (HKSE:08612), the current Piotroski F-Score is 3 as of Aug. 28, 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.

World Super Holdings Business Description

Address 1B Kimberly Street, Unit 1902, Level 19, Everglory Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
World Super Holdings Ltd is an investment holding company principally engaged in plant hire and construction services in Hong Kong. The group operates through six reporting segments: Plant Hiring Services, Money Lending Business, General sales from trading of Machinery, Tools and Parts, Construction Services, Car Rental Services, and Transportation and Other Services. It generates the majority of its revenue from the Construction Services segment, which includes road repairing, pedestrian overpass and underpass repair and maintenance works for both public and private sector clients in Hong Kong.