Beisen Holding (HKSE:09669) Piotroski F-Score: 7 (As of Aug. 10, 2026) — 40% Above Median

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HKSE:09669 Beisen Holding Ltd HKSE:09669
71 GF Score
Price HK$3.30
GF Value HK$7.27
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Beisen Holding Piotroski F-Score?

Beisen Holding HKSE:09669 -1.35% 71 Piotroski F-Score is 7 as of Aug. 10, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates HKSE:09669 with a GF Score™ of 71/100 and a GF Value™ of HK$7.27 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,723 Software companies, Beisen Holding ranks better than 91.77% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Beisen Holding has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HKSE:09669' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of Beisen Holding was 7. The lowest was 4. And the median was 5.

Beisen Holding  (HKSE:09669) 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.


Beisen Holding Piotroski F-Score Related Terms


Beisen Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Beisen Holding'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.

Beisen Holding Piotroski F-Score Chart

Beisen Holding Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 5.00 5.00 7.00

Beisen Holding Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 5.00 0.00 7.00

HKSE:09669 vs QH, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Beisen Holding'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.


Beisen Holding Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Beisen Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Beisen Holding's Piotroski F-Score falls into.


HKSE:09669
71GF Score
Beisen Holding Ltd HKSE:09669
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was HK$-27 Mil.
Cash Flow from Operations was HK$176 Mil.
Revenue was HK$1,255 Mil.
Gross Profit was HK$849 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2119.937 + 2418.117) / 2 = HK$2269.027 Mil.
Total Assets at the begining of this year (Mar25) was HK$2,120 Mil.
Long-Term Debt & Capital Lease Obligation was HK$11 Mil.
Total Current Assets was HK$1,970 Mil.
Total Current Liabilities was HK$1,072 Mil.
Net Income was HK$-158 Mil.

Revenue was HK$1,013 Mil.
Gross Profit was HK$658 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2070.914 + 2119.937) / 2 = HK$2095.4255 Mil.
Total Assets at the begining of last year (Mar24) was HK$2,071 Mil.
Long-Term Debt & Capital Lease Obligation was HK$21 Mil.
Total Current Assets was HK$1,690 Mil.
Total Current Liabilities was HK$900 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.

Beisen Holding's current Net Income (TTM) was -27. ==> 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.

Beisen Holding's current Cash Flow from Operations (TTM) was 176. ==> Positive ==> Score 1.

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 (Mar25)
=-26.556/2119.937
=-0.01252679

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-158.051/2070.914
=-0.07631944

Beisen Holding's return on assets of this year was -0.01252679. Beisen Holding's return on assets of last year was -0.07631944. ==> 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.

Beisen Holding's current Net Income (TTM) was -27. Beisen Holding's current Cash Flow from Operations (TTM) was 176. ==> 176 > -27 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=10.567/2269.027
=0.00465706

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=21.409/2095.4255
=0.01021702

Beisen Holding's gearing of this year was 0.00465706. Beisen Holding's gearing of last year was 0.01021702. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1969.91/1072.44
=1.83684868

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1690.281/899.894
=1.87831122

Beisen Holding's current ratio of this year was 1.83684868. Beisen Holding's current ratio of last year was 1.87831122. ==> 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.

Beisen Holding's number of shares in issue this year was 699.725. Beisen Holding's number of shares in issue last year was 720.431. ==> 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
=848.814/1254.633
=0.67654366

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=657.835/1013.324
=0.64918526

Beisen Holding's gross margin of this year was 0.67654366. Beisen Holding's gross margin of last year was 0.64918526. ==> 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 (Mar25)
=1254.633/2119.937
=0.59182561

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1013.324/2070.914
=0.48931245

Beisen Holding's asset turnover of this year was 0.59182561. Beisen Holding's asset turnover of last year was 0.48931245. ==> 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+1+1+1+1+0+1+1+1
=7

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

Beisen Holding has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Beisen Holding (HKSE:09669) has a Piotroski F-Score of 7 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Beisen Holding and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Beisen Holding's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Beisen Holding ranks #224 out of 2723 companies in the Software industry, placing it in the top 8.2%.
Is Beisen Holding's Piotroski F-Score too high?
Beisen Holding's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Beisen Holding's value of 7 is 40% above this industry median. Based on the distribution chart, Beisen Holding ranks #224 out of 2723 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Beisen Holding has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beisen Holding's Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, Beisen Holding ranks #224 out of 2723 companies for Piotroski F-Score. This places Beisen Holding in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Beisen Holding's value of 7 is 40% above this benchmark. Historically, Beisen Holding's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Beisen Holding 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,723 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. Beisen Holding's current Piotroski F-Score of 7 is 40% 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 Beisen Holding and its competitors. For the Software 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. Beisen Holding's current Piotroski F-Score is 7, which is 40% above 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 Beisen Holding stock overvalued right now?
Based on GuruFocus' analysis, Beisen Holding (HKSE:09669) is currently considered Possible Value Trap. The stock's GF Value™ is HK$7.27, compared to a current price of HK$3.30 — trading 54.6% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Software industry median of 5.00. Beisen Holding's overall GF Score™ is 71/100 with 2 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 Beisen Holding (HKSE:09669), the current Piotroski F-Score is 7 as of Aug. 10, 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 Beisen Holding (HKSE:09669) Overvalued in 2026?

Based on GuruFocus' analysis, Beisen Holding stock appears to be undervalued. The current stock price of HK$3.30 is trading 54.6% below its estimated GF Value™ of HK$7.27. GuruFocus considers Beisen Holding to be Possible Value Trap.

Key valuation signals for HKSE:09669:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: HK$7.27 vs. price of HK$3.30 (54.6% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 40% above the Software median (#224 of 2723)

No single metric tells the full story. See the HKSE:09669 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beisen Holding Business Description

Address No. 35 Shangdi East Road, Room 710, Building 1. Block B, Yiquanhui Building, Haidian District, Beijing, CHN
Beisen Holding Ltd is an investment holding company. The company and its subsidiaries are majorly engaged in providing cloud-based human capital management (HCM) solutions in the People's Republic of China which enables customers to recruit, evaluate, manage, develop, and retain talents efficiently. Its platform iTalentX delivers cloud-native SaaS products, namely cloud-based HCM solutions, for enterprises to recruit, evaluate, manage, and retain talents. Its platform offers a full suite of cloud-based applications covering an organization's HCM needs throughout the entire employee lifecycle.
71GF Score

Get the complete analysis for HKSE:09669

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

HK$3.30
Price
HK$7.27
GF Value