LFHLF (Lai Fung Holdings) Piotroski F-Score: 5 (As of Aug. 30, 2026) — 25% Above Median

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LFHLF Lai Fung Holdings Ltd LFHLF
52 GF Score
Price $0.08
GF Value $0.12
! 3 Warning Signs
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What is Lai Fung Holdings Piotroski F-Score?

Lai Fung Holdings LFHLF 52 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates LFHLF with a GF Score™ of 52/100 and a GF Value™ of $0.12. The stock has 3 warning signs investors should review. Among 1,749 Real Estate companies, Lai Fung Holdings ranks better than 59.18% 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

Lai Fung Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

LFHLF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 5

During the past 13 years, the highest Piotroski F-Score of Lai Fung Holdings was 6. The lowest was 2. And the median was 4.

Lai Fung Holdings  (OTCPK:LFHLF) 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.


Lai Fung Holdings Piotroski F-Score Related Terms


Lai Fung Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lai Fung 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.

Lai Fung Holdings Piotroski F-Score Chart

Lai Fung Holdings Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 4.00 6.00 5.00

Lai Fung Holdings Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.00 6.00 0.00 5.00 0.00

Lai Fung Holdings Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Lai Fung 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.


Lai Fung Holdings Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Lai Fung Holdings's Piotroski F-Score distribution charts can be found below:

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


LFHLF
52GF Score
Lai Fung Holdings Ltd LFHLF
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 (Jul25) TTM:Last Year (Jul24) TTM:
Net Income was $-53.4 Mil.
Cash Flow from Operations was $40.9 Mil.
Revenue was $164.5 Mil.
Gross Profit was $66.9 Mil.
Average Total Assets from the begining of this year (Jul24)
to the end of this year (Jul25) was (3645.161 + 3642.69) / 2 = $3643.9255 Mil.
Total Assets at the begining of this year (Jul24) was $3,645.2 Mil.
Long-Term Debt & Capital Lease Obligation was $691.4 Mil.
Total Current Assets was $764.2 Mil.
Total Current Liabilities was $844.9 Mil.
Net Income was $-34.3 Mil.

Revenue was $280.8 Mil.
Gross Profit was $114.0 Mil.
Average Total Assets from the begining of last year (Jul23)
to the end of last year (Jul24) was (3853.544 + 3645.161) / 2 = $3749.3525 Mil.
Total Assets at the begining of last year (Jul23) was $3,853.5 Mil.
Long-Term Debt & Capital Lease Obligation was $1,176.5 Mil.
Total Current Assets was $728.3 Mil.
Total Current Liabilities was $312.4 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.

Lai Fung Holdings's current Net Income (TTM) was -53.4. ==> 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.

Lai Fung Holdings's current Cash Flow from Operations (TTM) was 40.9. ==> 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 (Jul24)
=-53.432/3645.161
=-0.01465834

ROA (Last Year)=Net Income/Total Assets (Jul23)
=-34.274/3853.544
=-0.00889415

Lai Fung Holdings's return on assets of this year was -0.01465834. Lai Fung Holdings's return on assets of last year was -0.00889415. ==> 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.

Lai Fung Holdings's current Net Income (TTM) was -53.4. Lai Fung Holdings's current Cash Flow from Operations (TTM) was 40.9. ==> 40.9 > -53.4 ==> 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: Jul25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul24 to Jul25
=691.394/3643.9255
=0.18973879

Gearing (Last Year: Jul24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Jul24
=1176.51/3749.3525
=0.31379018

Lai Fung Holdings's gearing of this year was 0.18973879. Lai Fung Holdings's gearing of last year was 0.31379018. ==> 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: Jul25)=Total Current Assets/Total Current Liabilities
=764.21/844.858
=0.90454254

Current Ratio (Last Year: Jul24)=Total Current Assets/Total Current Liabilities
=728.298/312.354
=2.33164294

Lai Fung Holdings's current ratio of this year was 0.90454254. Lai Fung Holdings's current ratio of last year was 2.33164294. ==> 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.

Lai Fung Holdings's number of shares in issue this year was 331.033. Lai Fung Holdings's number of shares in issue last year was 331.033. ==> 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
=66.904/164.509
=0.406689

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=113.962/280.79
=0.40586203

Lai Fung Holdings's gross margin of this year was 0.406689. Lai Fung Holdings's gross margin of last year was 0.40586203. ==> 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 (Jul24)
=164.509/3645.161
=0.04513079

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul23)
=280.79/3853.544
=0.07286539

Lai Fung Holdings's asset turnover of this year was 0.04513079. Lai Fung Holdings's asset turnover of last year was 0.07286539. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+0
=5

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

Lai Fung Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Lai Fung Holdings (LFHLF) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lai Fung Holdings and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Lai Fung Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Lai Fung Holdings ranks #714 out of 1749 companies in the Real Estate industry, placing it in the top 40.8%.
Is Lai Fung Holdings' Piotroski F-Score too high?
Lai Fung Holdings' current Piotroski F-Score of 5 is 25% 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 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Lai Fung Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Lai Fung Holdings ranks #714 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Lai Fung Holdings has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Lai Fung Holdings' Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Lai Fung Holdings ranks #714 out of 1749 companies for Piotroski F-Score. This puts Lai Fung Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Lai Fung Holdings' value of 5 is 0% at this benchmark. Historically, Lai Fung Holdings' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Lai Fung Holdings has consistently been at 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,749 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. Lai Fung Holdings's current Piotroski F-Score of 5 is 0% at 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 Lai Fung Holdings and its competitors. For the Real Estate 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. Lai Fung Holdings's current Piotroski F-Score is 5, which is 25% 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 Lai Fung Holdings stock overvalued right now?
Lai Fung Holdings (LFHLF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $0.12, compared to a current price of $0.08 — trading 33.3% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Real Estate industry median of 5.00. Lai Fung Holdings' overall GF Score™ is 52/100 with 3 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 Lai Fung Holdings (LFHLF), the current Piotroski F-Score is 5 as of Aug. 30, 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 Lai Fung Holdings (LFHLF) Overvalued in 2026?

Based on GuruFocus' analysis, Lai Fung Holdings stock appears to be undervalued. The current stock price of $0.08 is trading 33.3% below its estimated GF Value™ of $0.12.

Key valuation signals for LFHLF:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: $0.12 vs. price of $0.08 (33.3% below fair value)
  • GF Score™: 52/100 with 3 warning signs
  • Industry Position: 0% at the Real Estate median (#714 of 1749)

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


Lai Fung Holdings Business Description

Other Exchanges 01125:Hong Kong
Address 680 Cheung Sha Wan Road, 11th Floor, Lai Sun Commercial Centre, Kowloon, Hong Kong, HKG
Lai Fung Holdings Ltd is an investment holding company. The company's operating segment includes Property development; Property investment; Hotel and serviced apartment operation and Theme park operation. It generates maximum revenue from the Property development segment. The property development segment engages in the development of properties for sale in Mainland China. Geographically, the company generates a majority of its revenue from Mainland China.
52GF Score

Get the complete analysis for LFHLF

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

$0.08
Price
$0.12
GF Value