ORWHF (Oriental Watch Holdings) Piotroski F-Score: 7 (As of Jun. 24, 2026) — Near Median


ORWHF Oriental Watch Holdings Ltd ORWHF
58 GF Score
Price $0.46
GF Value $0.49
Valuation Fairly Valued
! 2 Warning Signs
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What is Oriental Watch Holdings Piotroski F-Score?

Oriental Watch Holdings ORWHF 58 Piotroski F-Score is 7 as of Jun. 24, 2026, which is at its 10-year median of 7.00. GuruFocus rates ORWHF with a GF Score™ of 58/100 and a GF Value™ of $0.49 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Oriental Watch Holdings ranks better than 91.19% 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

Oriental Watch Holdings 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 Oriental Watch Holdings's Piotroski F-Score or its related term are showing as below:

ORWHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Oriental Watch Holdings was 9. The lowest was 5. And the median was 7.

Oriental Watch Holdings  (OTCPK:ORWHF) 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.


Oriental Watch Holdings Piotroski F-Score Related Terms


Oriental Watch Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Oriental Watch 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.

Oriental Watch Holdings Piotroski F-Score Chart

Oriental Watch Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 6.00 7.00 0.00

Oriental Watch Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 7.00 0.00 0.00

ORWHF vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Oriental Watch 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.


Oriental Watch Holdings Piotroski F-Score vs Retail - Cyclical Industry

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

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


ORWHF
58GF Score
Oriental Watch Holdings Ltd ORWHF
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $25.8 Mil.
Cash Flow from Operations was $37.1 Mil.
Revenue was $443.8 Mil.
Gross Profit was $139.7 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (305.187 + 288.636) / 2 = $296.9115 Mil.
Total Assets at the begining of this year (Mar24) was $305.2 Mil.
Long-Term Debt & Capital Lease Obligation was $14.4 Mil.
Total Current Assets was $212.8 Mil.
Total Current Liabilities was $44.6 Mil.
Net Income was $32.0 Mil.

Revenue was $465.1 Mil.
Gross Profit was $147.1 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (333.719 + 305.187) / 2 = $319.453 Mil.
Total Assets at the begining of last year (Mar23) was $333.7 Mil.
Long-Term Debt & Capital Lease Obligation was $17.1 Mil.
Total Current Assets was $209.2 Mil.
Total Current Liabilities was $54.8 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.

Oriental Watch Holdings's current Net Income (TTM) was 25.8. ==> 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.

Score 1 if positive, 0 if negative.

Oriental Watch Holdings's current Cash Flow from Operations (TTM) was 37.1. ==> 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 (Mar24)
=25.795/305.187
=0.08452195

ROA (Last Year)=Net Income/Total Assets (Mar23)
=32.019/333.719
=0.09594599

Oriental Watch Holdings's return on assets of this year was 0.08452195. Oriental Watch Holdings's return on assets of last year was 0.09594599. ==> 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.

Oriental Watch Holdings's current Net Income (TTM) was 25.8. Oriental Watch Holdings's current Cash Flow from Operations (TTM) was 37.1. ==> 37.1 > 25.8 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=14.371/296.9115
=0.04840163

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=17.112/319.453
=0.05356657

Oriental Watch Holdings's gearing of this year was 0.04840163. Oriental Watch Holdings's gearing of last year was 0.05356657. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=212.804/44.642
=4.76690112

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=209.215/54.832
=3.8155639

Oriental Watch Holdings's current ratio of this year was 4.76690112. Oriental Watch Holdings's current ratio of last year was 3.8155639. ==> 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.

Oriental Watch Holdings's number of shares in issue this year was 487.358. Oriental Watch Holdings's number of shares in issue last year was 487.358. ==> 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
=139.684/443.837
=0.31471914

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=147.096/465.136
=0.31624299

Oriental Watch Holdings's gross margin of this year was 0.31471914. Oriental Watch Holdings's gross margin of last year was 0.31624299. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=443.837/305.187
=1.45431162

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=465.136/333.719
=1.39379538

Oriental Watch Holdings's asset turnover of this year was 1.45431162. Oriental Watch Holdings's asset turnover of last year was 1.39379538. ==> 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+1+0+1+1+1+1+0+1
=7

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

Oriental Watch Holdings 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?
Oriental Watch Holdings (ORWHF) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oriental Watch Holdings and its competitors. This is near median its historical median of 7.00. Over the past decade, Oriental Watch Holdings' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Oriental Watch Holdings ranks #97 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.8%.
Is Oriental Watch Holdings' Piotroski F-Score too high?
Oriental Watch Holdings' 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 5.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Oriental Watch Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Oriental Watch Holdings ranks #97 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Oriental Watch Holdings has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oriental Watch Holdings' Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Oriental Watch Holdings ranks #97 out of 1101 companies for Piotroski F-Score. This places Oriental Watch Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Oriental Watch Holdings' value of 7 is 40% above this benchmark. Historically, Oriental Watch Holdings' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Oriental Watch 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Oriental Watch Holdings'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 Oriental Watch Holdings and its competitors. For the Retail - Cyclical 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. Oriental Watch Holdings'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 Oriental Watch Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oriental Watch Holdings (ORWHF) is currently considered Fairly Valued. The stock's GF Value™ is $0.49, compared to a current price of $0.46 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Retail - Cyclical industry median of 5.00. Oriental Watch Holdings' overall GF Score™ is 58/100 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 Oriental Watch Holdings (ORWHF), the current Piotroski F-Score is 7 as of Jun. 24, 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 Oriental Watch Holdings (ORWHF) Overvalued in 2026?

Based on GuruFocus' analysis, Oriental Watch Holdings stock appears to be undervalued. The current stock price of $0.46 is trading 6.2% below its estimated GF Value™ of $0.49. GuruFocus considers Oriental Watch Holdings to be Fairly Valued.

Key valuation signals for ORWHF:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: $0.49 vs. price of $0.46 (6.2% below fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#97 of 1101)

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


Oriental Watch Holdings Business Description

Other Exchanges 00398:Hong Kong
Address 111 Connaught Road Central, 19th Floor, Wing On Centre, Hong Kong, HKG
Oriental Watch Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the sales of watches. It operates in Hong Kong, the PRC, Macau, and Taiwan, of which a majority of revenue is generated from the PRC. The group sells its products through retail stores under the brand name Rolex, Tudor, Piaget, Vacheron Constantin, Audemars Piguet, IWC, Jaeger-LeCoultre, Girard Perregaux, Longines, and Omega, among others.
58GF Score

Get the complete analysis for ORWHF

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

$0.46
Price
$0.49
GF Value