NYKHF (Nayuki Holdings) Piotroski F-Score: 8 (As of Jul. 03, 2026) — 60% Above Median


What is Nayuki Holdings Piotroski F-Score?

Nayuki Holdings NYKHF 68 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates NYKHF with a GF Score™ of 68/100. The stock has 3 warning signs investors should review. Among 354 Restaurants companies, Nayuki Holdings ranks better than 96.33% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Nayuki Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NYKHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Nayuki Holdings was 8. The lowest was 5. And the median was 5.

Nayuki Holdings  (OTCPK:NYKHF) 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.


Nayuki Holdings Piotroski F-Score Related Terms


Nayuki Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nayuki 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.

Nayuki Holdings Piotroski F-Score Chart

Nayuki Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 5.00 7.00 5.00 8.00

Nayuki Holdings Semi-Annual Data
Dec18 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 7.00 0.00 5.00 0.00 8.00

NYKHF vs MCD, SBUX, YUM: Piotroski F-Score Comparison

For the Restaurants subindustry, Nayuki 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.


Nayuki Holdings Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Nayuki Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nayuki 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 $-33.95 Mil.
Cash Flow from Operations was $38.85 Mil.
Revenue was $614.95 Mil.
Gross Profit was $232.73 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (846.78 + 758.405) / 2 = $802.5925 Mil.
Total Assets at the begining of this year (Dec24) was $846.78 Mil.
Long-Term Debt & Capital Lease Obligation was $111.38 Mil.
Total Current Assets was $424.60 Mil.
Total Current Liabilities was $130.33 Mil.
Net Income was $-125.99 Mil.

Revenue was $675.92 Mil.
Gross Profit was $230.42 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1056.044 + 846.78) / 2 = $951.412 Mil.
Total Assets at the begining of last year (Dec23) was $1,056.04 Mil.
Long-Term Debt & Capital Lease Obligation was $147.76 Mil.
Total Current Assets was $397.40 Mil.
Total Current Liabilities was $158.32 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.

Nayuki Holdings's current Net Income (TTM) was -33.95. ==> 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.

Nayuki Holdings's current Cash Flow from Operations (TTM) was 38.85. ==> 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)
=-33.945/846.78
=-0.04008715

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-125.989/1056.044
=-0.11930279

Nayuki Holdings's return on assets of this year was -0.04008715. Nayuki Holdings's return on assets of last year was -0.11930279. ==> 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.

Nayuki Holdings's current Net Income (TTM) was -33.95. Nayuki Holdings's current Cash Flow from Operations (TTM) was 38.85. ==> 38.85 > -33.95 ==> 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
=111.383/802.5925
=0.13877902

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=147.763/951.412
=0.15530916

Nayuki Holdings's gearing of this year was 0.13877902. Nayuki Holdings's gearing of last year was 0.15530916. ==> 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
=424.603/130.331
=3.25788185

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=397.401/158.32
=2.51011243

Nayuki Holdings's current ratio of this year was 3.25788185. Nayuki Holdings's current ratio of last year was 2.51011243. ==> 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.

Nayuki Holdings's number of shares in issue this year was 1707.588. Nayuki Holdings's number of shares in issue last year was 1708.16. ==> 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
=232.729/614.951
=0.37845129

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=230.416/675.924
=0.3408904

Nayuki Holdings's gross margin of this year was 0.37845129. Nayuki Holdings's gross margin of last year was 0.3408904. ==> 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)
=614.951/846.78
=0.72622287

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=675.924/1056.044
=0.64005288

Nayuki Holdings's asset turnover of this year was 0.72622287. Nayuki Holdings's asset turnover of last year was 0.64005288. ==> 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+1+1+1+1
=8

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

Nayuki Holdings has an F-score of 8. 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 8 mean?
Nayuki Holdings (NYKHF) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nayuki Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Nayuki Holdings' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Nayuki Holdings ranks #13 out of 354 companies in the Restaurants industry, placing it in the top 3.7%.
Is Nayuki Holdings' Piotroski F-Score too high?
Nayuki Holdings' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 5.00. Nayuki Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Nayuki Holdings ranks #13 out of 354 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Nayuki Holdings has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Nayuki Holdings' Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Nayuki Holdings ranks #13 out of 354 companies for Piotroski F-Score. This places Nayuki Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nayuki Holdings' value of 8 is 60% above this benchmark. Historically, Nayuki Holdings' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nayuki Holdings 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 354 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. Nayuki Holdings's current Piotroski F-Score of 8 is 60% 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 Nayuki Holdings and its competitors. For the Restaurants 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. Nayuki Holdings's current Piotroski F-Score is 8, which is 60% 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 Nayuki Holdings stock overvalued right now?
Nayuki Holdings (NYKHF) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Restaurants industry median of 5.00. Nayuki Holdings' overall GF Score™ is 68/100 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 Nayuki Holdings (NYKHF), the current Piotroski F-Score is 8 as of Jul. 03, 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.

Nayuki Holdings Business Description

Other Exchanges 02150:Hong Kong
Address Baoxing Road, 4-5th Floor, OCT REAL ONE, Bao’an District, Shenzhen, CHN
Nayuki Holdings Ltd is a premium modern teahouse chain in China serving freshly-made tea drinks. The company has segment namely Freshly-made tea drinks business and franchise operations and Ready-to-drink beverage business. The group principally generates its revenue from the sales of freshly-made tea drinks, baked goods, and other products through its operating teahouses and online food delivery applications mainly in the PRC.