Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hanwa Home's CoNGO:275A +1.10%7 Piotroski F-Score is 5 as of Jul. 21, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates NGO:275A with a GF Score™ of 7/100. The stock has 6 warning signs investors should review. Among 1,729 Construction companies, Hanwa Home's Co ranks better than 52.81% 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
Hanwa Home's Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Hanwa Home's Co's Piotroski F-Score or its related term are showing as below:
NGO:275A'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 5
During the past 4 years, the highest Piotroski F-Score of Hanwa Home's Co was 8. The lowest was 5. And the median was 7.
Hanwa Home's Co (NGO:275A) 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.
Hanwa Home's Co Piotroski F-Score Related Terms
Hanwa Home's Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hanwa Home's Co'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.
NGO:275A vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Hanwa Home's Co'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.
Hanwa Home's Co Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Hanwa Home's Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hanwa Home's Co'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.
Hanwa Home's Co's current Net Income (TTM) was 69.
==> 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.
Hanwa Home's Co's return on assets of this year was 0.07772494. Hanwa Home's Co's return on assets of last year was 0.01477196.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hanwa Home's Co's gearing of this year was 0.31413219. Hanwa Home's Co's gearing of last year was 0.28488697.
==> Last year is lower than this year ==> Score 0.
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
Hanwa Home's Co's current ratio of this year was 1.37571257. Hanwa Home's Co's current ratio of last year was 0.96309024.
==> 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.
Hanwa Home's Co's number of shares in issue this year was 2.114. Hanwa Home's Co's number of shares in issue last year was 1.999.
==> 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.
Hanwa Home's Co's gross margin of this year was 0.34274683. Hanwa Home's Co's gross margin of last year was 0.34980313.
==> 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
Hanwa Home's Co's asset turnover of this year was 2.68682193. Hanwa Home's Co's asset turnover of last year was 2.26471916.
==> 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
=
1
+
0
+
1
+
0
+
0
+
1
+
0
+
0
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hanwa Home's Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Hanwa Home's Co (NGO:275A) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hanwa Home's Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Hanwa Home's Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Hanwa Home's Co ranks #816 out of 1729 companies in the Construction industry, placing it in the top 47.2%.
Is Hanwa Home's Co's Piotroski F-Score too high?
Hanwa Home's Co's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Hanwa Home's Co's value of 5 is 0% at this industry median. Based on the distribution chart, Hanwa Home's Co ranks #816 out of 1729 companies in the Construction industry, which is above the industry midpoint. Overall, Hanwa Home's Co has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Hanwa Home's Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Hanwa Home's Co ranks #816 out of 1729 companies for Piotroski F-Score. This puts Hanwa Home's Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hanwa Home's Co's value of 5 is 0% at this benchmark. Historically, Hanwa Home's Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Hanwa Home's Co 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. Hanwa Home's Co'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 Hanwa Home's Co and its competitors. For the Construction 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. Hanwa Home's Co's current Piotroski F-Score is 5, which is 29% below 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 Hanwa Home's Co stock overvalued right now?
Hanwa Home's Co (NGO:275A) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Construction industry median of 5.00. Hanwa Home's Co's overall GF Score™ is 7/100 with 6 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 Hanwa Home's Co (NGO:275A), the current Piotroski F-Score is 5 as of Jul. 21, 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.
Hanwa Home's Co Ltd is engaged in the Construction industry (sales and construction of exterior and housing equipment) and Wholesale and retail business (garden goods, outdoor furniture, DIY tools) centered on e-commerce, etc.
7GF Score
Get the complete analysis for NGO:275A
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:275A has been successfully added to your 
