KWG Group Holdings (STU:KOU) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 25% Above Median


STU:KOU KWG Group Holdings Ltd STU:KOU
32 GF Score
Price €0.00
GF Value €0.03
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is KWG Group Holdings Piotroski F-Score?

KWG Group Holdings STU:KOU 32 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates STU:KOU with a GF Score™ of 32/100 and a GF Value™ of €0.03 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,756 Real Estate companies, KWG Group Holdings ranks better than 61.1% 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

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

STU:KOU' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 5
Current: 5

During the past 13 years, the highest Piotroski F-Score of KWG Group Holdings was 5. The lowest was 1. And the median was 4.

KWG Group Holdings  (STU:KOU) 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.


KWG Group Holdings Piotroski F-Score Related Terms


KWG Group Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for KWG Group 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.

KWG Group Holdings Piotroski F-Score Chart

KWG Group Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 3.00 4.00 5.00 5.00

KWG Group Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 0.00 5.00 0.00 5.00

KWG Group Holdings Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, KWG Group 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.


KWG Group Holdings Piotroski F-Score vs Real Estate Industry

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

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


STU:KOU
32GF Score
KWG Group Holdings Ltd STU:KOU
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €-396.7 Mil.
Cash Flow from Operations was €269.2 Mil.
Revenue was €819.9 Mil.
Gross Profit was €122.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (20112.922 + 17892.394) / 2 = €19002.658 Mil.
Total Assets at the begining of this year (Dec24) was €20,112.9 Mil.
Long-Term Debt & Capital Lease Obligation was €2,497.8 Mil.
Total Current Assets was €8,964.0 Mil.
Total Current Liabilities was €14,397.3 Mil.
Net Income was €-1,060.5 Mil.

Revenue was €1,450.9 Mil.
Gross Profit was €247.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (21507.208 + 20112.922) / 2 = €20810.065 Mil.
Total Assets at the begining of last year (Dec23) was €21,507.2 Mil.
Long-Term Debt & Capital Lease Obligation was €3,515.4 Mil.
Total Current Assets was €10,244.6 Mil.
Total Current Liabilities was €15,183.0 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.

KWG Group Holdings's current Net Income (TTM) was -396.7. ==> 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.

KWG Group Holdings's current Cash Flow from Operations (TTM) was 269.2. ==> 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)
=-396.664/20112.922
=-0.01972185

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-1060.548/21507.208
=-0.04931128

KWG Group Holdings's return on assets of this year was -0.01972185. KWG Group Holdings's return on assets of last year was -0.04931128. ==> 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.

KWG Group Holdings's current Net Income (TTM) was -396.7. KWG Group Holdings's current Cash Flow from Operations (TTM) was 269.2. ==> 269.2 > -396.7 ==> 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
=2497.809/19002.658
=0.13144524

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3515.403/20810.065
=0.16892802

KWG Group Holdings's gearing of this year was 0.13144524. KWG Group Holdings's gearing of last year was 0.16892802. ==> 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
=8964.031/14397.34
=0.62261716

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=10244.551/15182.983
=0.67473902

KWG Group Holdings's current ratio of this year was 0.62261716. KWG Group Holdings's current ratio of last year was 0.67473902. ==> 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.

KWG Group Holdings's number of shares in issue this year was 3418.884. KWG Group Holdings's number of shares in issue last year was 3418.884. ==> 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
=122.556/819.887
=0.14947914

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=247.745/1450.925
=0.17074969

KWG Group Holdings's gross margin of this year was 0.14947914. KWG Group Holdings's gross margin of last year was 0.17074969. ==> 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 (Dec24)
=819.887/20112.922
=0.04076419

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1450.925/21507.208
=0.06746227

KWG Group Holdings's asset turnover of this year was 0.04076419. KWG Group Holdings's asset turnover of last year was 0.06746227. ==> 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+1+1+1+0+1+0+0
=5

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

KWG Group 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?
KWG Group Holdings (STU:KOU) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KWG Group Holdings and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, KWG Group Holdings' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, KWG Group Holdings ranks #683 out of 1756 companies in the Real Estate industry, placing it in the top 38.9%.
Is KWG Group Holdings' Piotroski F-Score too high?
KWG Group 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 1.00 to a high of 5.00. The Real Estate industry median Piotroski F-Score is 5.00. KWG Group Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, KWG Group Holdings ranks #683 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, KWG Group Holdings has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KWG Group Holdings' Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, KWG Group Holdings ranks #683 out of 1756 companies for Piotroski F-Score. This puts KWG Group Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. KWG Group Holdings' value of 5 is 0% at this benchmark. Historically, KWG Group Holdings' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, KWG Group 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 1,756 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. KWG Group 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 KWG Group 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. KWG Group 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 KWG Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, KWG Group Holdings (STU:KOU) is currently considered Possible Value Trap. The stock's GF Value™ is €0.03, compared to a current price of €0.00 — trading 98.3% 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. KWG Group Holdings' overall GF Score™ is 32/100 with 4 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 KWG Group Holdings (STU:KOU), the current Piotroski F-Score is 5 as of Jun. 26, 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 KWG Group Holdings (STU:KOU) Overvalued in 2026?

Based on GuruFocus' analysis, KWG Group Holdings stock appears to be undervalued. The current stock price of €0.00 is trading 98.3% below its estimated GF Value™ of €0.03. GuruFocus considers KWG Group Holdings to be Possible Value Trap.

Key valuation signals for STU:KOU:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: €0.03 vs. price of €0.00 (98.3% below fair value)
  • GF Score™: 32/100 with 4 warning signs
  • Industry Position: 0% at the Real Estate median (#683 of 1756)

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


KWG Group Holdings Business Description

Other Exchanges 01813:Hong Kong
Address 39 Gloucester Road, Room 1301, 13th Floor, Harcourt House, Wanchai, Hong Kong, HKG, 999077
KWG Group Holdings Ltd is a Hong Kong-based company. Along with its subsidiary, it is engaged in an urban integrated operator in China. Its key feature is a balanced portfolio offering different types of products, including medium to high-end residential properties, serviced apartments, villas, offices, hotels, and shopping malls. The company operates in three business segments: Property development, which includes the sale of properties, Property investment, which includes leasing of properties, and Hotel operation, which includes the operation of hotels. The group generates the majority of its revenue from the Property Development segment.
32GF Score

Get the complete analysis for STU:KOU

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

€0.00
Price
€0.03
GF Value