PCOFF (Pico Far East Holdings) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


PCOFF Pico Far East Holdings Ltd PCOFF
80 GF Score
Price $0.33
GF Value $0.35
! 1 Warning Sign
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What is Pico Far East Holdings Piotroski F-Score?

Pico Far East Holdings PCOFF 80 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates PCOFF with a GF Score™ of 80/100 and a GF Value™ of $0.35. The stock has 1 warning sign investors should review. Among 1,015 Media - Diversified companies, Pico Far East Holdings ranks better than 91.82% 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

Pico Far East 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 Pico Far East Holdings's Piotroski F-Score or its related term are showing as below:

PCOFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Pico Far East Holdings was 7. The lowest was 4. And the median was 6.

Pico Far East Holdings  (OTCPK:PCOFF) 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.


Pico Far East Holdings Piotroski F-Score Related Terms


Pico Far East Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Pico Far East 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.

Pico Far East Holdings Piotroski F-Score Chart

Pico Far East Holdings Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 7.00 7.00

Pico Far East Holdings Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 7.00

PCOFF vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Pico Far East 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.


Pico Far East Holdings Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pico Far East Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pico Far East Holdings's Piotroski F-Score falls into.


PCOFF
80GF Score
Pico Far East Holdings Ltd PCOFF
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was $56.1 Mil.
Cash Flow from Operations was $42.7 Mil.
Revenue was $927.1 Mil.
Gross Profit was $286.9 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (734.443 + 803.636) / 2 = $769.0395 Mil.
Total Assets at the begining of this year (Oct24) was $734.4 Mil.
Long-Term Debt & Capital Lease Obligation was $32.6 Mil.
Total Current Assets was $604.4 Mil.
Total Current Liabilities was $430.8 Mil.
Net Income was $46.0 Mil.

Revenue was $814.2 Mil.
Gross Profit was $249.9 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (646.743 + 734.443) / 2 = $690.593 Mil.
Total Assets at the begining of last year (Oct23) was $646.7 Mil.
Long-Term Debt & Capital Lease Obligation was $31.5 Mil.
Total Current Assets was $537.8 Mil.
Total Current Liabilities was $393.4 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.

Pico Far East Holdings's current Net Income (TTM) was 56.1. ==> 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.

Pico Far East Holdings's current Cash Flow from Operations (TTM) was 42.7. ==> 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 (Oct24)
=56.084/734.443
=0.07636263

ROA (Last Year)=Net Income/Total Assets (Oct23)
=46.015/646.743
=0.07114882

Pico Far East Holdings's return on assets of this year was 0.07636263. Pico Far East Holdings's return on assets of last year was 0.07114882. ==> 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.

Pico Far East Holdings's current Net Income (TTM) was 56.1. Pico Far East Holdings's current Cash Flow from Operations (TTM) was 42.7. ==> 42.7 <= 56.1 ==> CFROA <= ROA ==> Score 0.

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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=32.587/769.0395
=0.04237364

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=31.497/690.593
=0.04560863

Pico Far East Holdings's gearing of this year was 0.04237364. Pico Far East Holdings's gearing of last year was 0.04560863. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=604.365/430.817
=1.40283461

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=537.843/393.404
=1.36715183

Pico Far East Holdings's current ratio of this year was 1.40283461. Pico Far East Holdings's current ratio of last year was 1.36715183. ==> 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.

Pico Far East Holdings's number of shares in issue this year was 1254.101. Pico Far East Holdings's number of shares in issue last year was 1244.189. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=286.855/927.097
=0.30941207

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=249.926/814.213
=0.30695408

Pico Far East Holdings's gross margin of this year was 0.30941207. Pico Far East Holdings's gross margin of last year was 0.30695408. ==> 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 (Oct24)
=927.097/734.443
=1.26231307

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=814.213/646.743
=1.25894366

Pico Far East Holdings's asset turnover of this year was 1.26231307. Pico Far East Holdings's asset turnover of last year was 1.25894366. ==> 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+1+0+1+1+0+1+1
=7

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

Pico Far East 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?
Pico Far East Holdings (PCOFF) 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 Pico Far East Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Pico Far East Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Pico Far East Holdings ranks #83 out of 1015 companies in the Media - Diversified industry, placing it in the top 8.2%.
Is Pico Far East Holdings' Piotroski F-Score too high?
Pico Far East Holdings' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Pico Far East Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Pico Far East Holdings ranks #83 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Pico Far East Holdings has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Pico Far East Holdings' Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Pico Far East Holdings ranks #83 out of 1015 companies for Piotroski F-Score. This places Pico Far East Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Pico Far East Holdings' value of 7 is 40% above this benchmark. Historically, Pico Far East Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Pico Far East 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 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. Pico Far East 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 Pico Far East Holdings and its competitors. For the Media - Diversified 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. Pico Far East Holdings's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pico Far East Holdings stock overvalued right now?
Pico Far East Holdings (PCOFF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $0.35, compared to a current price of $0.33 — trading 5.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Media - Diversified industry median of 5.00. Pico Far East Holdings' overall GF Score™ is 80/100 with 1 warning sign 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 Pico Far East Holdings (PCOFF), 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 Pico Far East Holdings (PCOFF) Overvalued in 2026?

Based on GuruFocus' analysis, Pico Far East Holdings stock appears to be undervalued. The current stock price of $0.33 is trading 5.7% below its estimated GF Value™ of $0.35.

Key valuation signals for PCOFF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $0.35 vs. price of $0.33 (5.7% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 40% above the Media - Diversified median (#83 of 1015)

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


Pico Far East Holdings Business Description

Other Exchanges 00752:Hong KongPJFB:Germany
Address Pico House, 4 Dai Fu Street, Tai Po Industrial Estate, New Territories, Hong Kong, HKG
Pico Far East Holdings Ltd is in brand activation. It promotes brands and provides exhibition and event marketing services. Its services include events, exhibitions, visual identity, interior and retail, themed environment, venue management, conference and exhibition management, expo, and sports. The company's operating segment includes Brand experience activation; Museum and themed entertainment and Meeting architecture activation. It generates maximum revenue from the Brand experience activation segment. Geographically, it derives a majority of its revenue from Greater China.
80GF Score

Get the complete analysis for PCOFF

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

$0.33
Price
$0.35
GF Value