HLONF (Hilong Holding) Piotroski F-Score: 7 (As of Jul. 07, 2026) — Near Median


HLONF Hilong Holding Ltd HLONF
51 GF Score
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What is Hilong Holding Piotroski F-Score?

Hilong Holding HLONF -40.00% 51 Piotroski F-Score is 7 as of Jul. 07, 2026, which is at its 10-year median of 7.00. GuruFocus rates HLONF with a GF Score™ of 51/100. The stock has 5 warning signs investors should review. Among 973 Oil & Gas companies, Hilong Holding ranks better than 92.7% 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

Hilong 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 Hilong Holding's Piotroski F-Score or its related term are showing as below:

HLONF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hilong Holding was 8. The lowest was 4. And the median was 7.

Hilong Holding  (OTCPK:HLONF) 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.


Hilong Holding Piotroski F-Score Related Terms


Hilong Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hilong 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.

Hilong Holding Piotroski F-Score Chart

Hilong Holding 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 8.00 6.00 7.00 7.00 7.00

Hilong Holding 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 7.00 0.00 7.00 0.00 7.00

HLONF vs SLB, BKR, HAL: Piotroski F-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Hilong 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.


Hilong Holding Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hilong Holding's Piotroski F-Score distribution charts can be found below:

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


HLONF
51GF Score
Hilong Holding Ltd HLONF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 $-45.9 Mil.
Cash Flow from Operations was $82.1 Mil.
Revenue was $692.2 Mil.
Gross Profit was $170.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1109.47 + 1085.982) / 2 = $1097.726 Mil.
Total Assets at the begining of this year (Dec24) was $1,109.5 Mil.
Long-Term Debt & Capital Lease Obligation was $2.1 Mil.
Total Current Assets was $852.4 Mil.
Total Current Liabilities was $650.3 Mil.
Net Income was $3.9 Mil.

Revenue was $641.2 Mil.
Gross Profit was $154.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1114.524 + 1109.47) / 2 = $1111.997 Mil.
Total Assets at the begining of last year (Dec23) was $1,114.5 Mil.
Long-Term Debt & Capital Lease Obligation was $2.4 Mil.
Total Current Assets was $709.6 Mil.
Total Current Liabilities was $643.7 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.

Hilong Holding's current Net Income (TTM) was -45.9. ==> 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.

Hilong Holding's current Cash Flow from Operations (TTM) was 82.1. ==> 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 (Dec24)
=-45.938/1109.47
=-0.04140536

ROA (Last Year)=Net Income/Total Assets (Dec23)
=3.884/1114.524
=0.0034849

Hilong Holding's return on assets of this year was -0.04140536. Hilong Holding's return on assets of last year was 0.0034849. ==> 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.

Hilong Holding's current Net Income (TTM) was -45.9. Hilong Holding's current Cash Flow from Operations (TTM) was 82.1. ==> 82.1 > -45.9 ==> 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
=2.071/1097.726
=0.00188663

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.41/1111.997
=0.00216727

Hilong Holding's gearing of this year was 0.00188663. Hilong Holding's gearing of last year was 0.00216727. ==> 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
=852.402/650.292
=1.31079884

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=709.551/643.746
=1.10222199

Hilong Holding's current ratio of this year was 1.31079884. Hilong Holding's current ratio of last year was 1.10222199. ==> 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.

Hilong Holding's number of shares in issue this year was 1680.181. Hilong Holding's number of shares in issue last year was 1696.439. ==> 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
=170.224/692.179
=0.24592483

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=154.074/641.193
=0.2402927

Hilong Holding's gross margin of this year was 0.24592483. Hilong Holding's gross margin of last year was 0.2402927. ==> 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 (Dec24)
=692.179/1109.47
=0.62388257

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=641.193/1114.524
=0.57530659

Hilong Holding's asset turnover of this year was 0.62388257. Hilong Holding's asset turnover of last year was 0.57530659. ==> 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+0+1+1+1+1+1+1
=7

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

Hilong 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?
Hilong Holding (HLONF) has a Piotroski F-Score of 7 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hilong Holding and its competitors. This is near median its historical median of 7.00. Over the past decade, Hilong Holding's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Hilong Holding ranks #71 out of 973 companies in the Oil & Gas industry, placing it in the top 7.3%.
Is Hilong Holding's Piotroski F-Score too high?
Hilong Holding's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Hilong Holding's value of 7 is 40% above this industry median. Based on the distribution chart, Hilong Holding ranks #71 out of 973 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hilong Holding has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Hilong Holding's Piotroski F-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Hilong Holding ranks #71 out of 973 companies for Piotroski F-Score. This places Hilong Holding in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hilong Holding's value of 7 is 40% above this benchmark. Historically, Hilong Holding's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Hilong 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 973 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. Hilong 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 Hilong Holding and its competitors. For the Oil & Gas 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. Hilong Holding's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hilong Holding stock overvalued right now?
Hilong Holding (HLONF) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Oil & Gas industry median of 5.00. Hilong Holding's overall GF Score™ is 51/100 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 Hilong Holding (HLONF), the current Piotroski F-Score is 7 as of Jul. 07, 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.

Hilong Holding Business Description

Industry EnergyOil & Gas
Other Exchanges 01623:Hong Kong8HL:Germany
Address No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949
Hilong Holding Ltd is an integrated oil field equipment and services provider and is principally engaged in manufacturing and distribution of oil and gas drilling equipment, and provision of oilfield and offshore engineering services. Its principal activity is investment holding. Its segments include Oilfield equipment manufacturing and services provision, including the production of oilfield equipment; Oilfield services provision, including the provision of well drilling services, integrated comprehensive services, oil country tubular goods trading and related services to oil and gas producers; and Offshore engineering services provision, including the provision of offshore engineering services and offshore design services. It derives majority of the revenue from Oilfield services.
51GF Score

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