SUHJF (Sun Hung Kai Properties) Piotroski F-Score: 6 (As of Jul. 26, 2026) — 20% Above Median

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SUHJF Sun Hung Kai Properties Ltd SUHJF
73 GF Score
Price $14.86
GF Value $11.42
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Sun Hung Kai Properties Piotroski F-Score?

Sun Hung Kai Properties SUHJF 73 Piotroski F-Score is 6 as of Jul. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SUHJF with a GF Score™ of 73/100 and a GF Value™ of $11.42 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,754 Real Estate companies, Sun Hung Kai Properties ranks better than 79.48% 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

Sun Hung Kai Properties has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Sun Hung Kai Properties's Piotroski F-Score or its related term are showing as below:

SUHJF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Sun Hung Kai Properties was 6. The lowest was 4. And the median was 5.

Sun Hung Kai Properties  (OTCPK:SUHJF) 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.


Sun Hung Kai Properties Piotroski F-Score Related Terms


Sun Hung Kai Properties Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Hung Kai Properties'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.

Sun Hung Kai Properties Piotroski F-Score Chart

Sun Hung Kai Properties Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 5.00 6.00 6.00

Sun Hung Kai Properties 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 0.00 6.00 0.00 6.00 0.00

Sun Hung Kai Properties Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Sun Hung Kai Properties'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.


Sun Hung Kai Properties Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Hung Kai Properties's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sun Hung Kai Properties's Piotroski F-Score falls into.


SUHJF
73GF Score
Sun Hung Kai Properties Ltd SUHJF
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $2,456 Mil.
Cash Flow from Operations was $4,852 Mil.
Revenue was $10,157 Mil.
Gross Profit was $4,356 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (104749.552 + 104081.365) / 2 = $104415.4585 Mil.
Total Assets at the begining of this year (Jun24) was $104,750 Mil.
Long-Term Debt & Capital Lease Obligation was $12,422 Mil.
Total Current Assets was $30,032 Mil.
Total Current Liabilities was $8,931 Mil.
Net Income was $2,439 Mil.

Revenue was $9,156 Mil.
Gross Profit was $4,125 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (102896.847 + 104749.552) / 2 = $103823.1995 Mil.
Total Assets at the begining of last year (Jun23) was $102,897 Mil.
Long-Term Debt & Capital Lease Obligation was $15,145 Mil.
Total Current Assets was $31,839 Mil.
Total Current Liabilities was $7,940 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.

Sun Hung Kai Properties's current Net Income (TTM) was 2,456. ==> 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.

Sun Hung Kai Properties's current Cash Flow from Operations (TTM) was 4,852. ==> 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 (Jun24)
=2456.107/104749.552
=0.02344742

ROA (Last Year)=Net Income/Total Assets (Jun23)
=2438.668/102896.847
=0.02370012

Sun Hung Kai Properties's return on assets of this year was 0.02344742. Sun Hung Kai Properties's return on assets of last year was 0.02370012. ==> 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.

Sun Hung Kai Properties's current Net Income (TTM) was 2,456. Sun Hung Kai Properties's current Cash Flow from Operations (TTM) was 4,852. ==> 4,852 > 2,456 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=12422.343/104415.4585
=0.11897034

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=15144.942/103823.1995
=0.14587243

Sun Hung Kai Properties's gearing of this year was 0.11897034. Sun Hung Kai Properties's gearing of last year was 0.14587243. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=30032.362/8930.51
=3.36289439

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=31839.052/7940.077
=4.00991728

Sun Hung Kai Properties's current ratio of this year was 3.36289439. Sun Hung Kai Properties's current ratio of last year was 4.00991728. ==> 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.

Sun Hung Kai Properties's number of shares in issue this year was 2897.78. Sun Hung Kai Properties's number of shares in issue last year was 2897.78. ==> 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
=4356.191/10157.353
=0.42887069

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4124.712/9155.698
=0.45050765

Sun Hung Kai Properties's gross margin of this year was 0.42887069. Sun Hung Kai Properties's gross margin of last year was 0.45050765. ==> 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 (Jun24)
=10157.353/104749.552
=0.09696799

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=9155.698/102896.847
=0.08897938

Sun Hung Kai Properties's asset turnover of this year was 0.09696799. Sun Hung Kai Properties's asset turnover of last year was 0.08897938. ==> 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+0+1+0+1
=6

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

Sun Hung Kai Properties has an F-score of 6 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 6 mean?
Sun Hung Kai Properties (SUHJF) has a Piotroski F-Score of 6 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Hung Kai Properties and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Sun Hung Kai Properties' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Sun Hung Kai Properties ranks #360 out of 1754 companies in the Real Estate industry, placing it in the top 20.5%.
Is Sun Hung Kai Properties' Piotroski F-Score too high?
Sun Hung Kai Properties' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Sun Hung Kai Properties' value of 6 is 20% above this industry median. Based on the distribution chart, Sun Hung Kai Properties ranks #360 out of 1754 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Sun Hung Kai Properties has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sun Hung Kai Properties' Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Sun Hung Kai Properties ranks #360 out of 1754 companies for Piotroski F-Score. This places Sun Hung Kai Properties in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sun Hung Kai Properties' value of 6 is 20% above this benchmark. Historically, Sun Hung Kai Properties' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sun Hung Kai Properties 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,754 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. Sun Hung Kai Properties's current Piotroski F-Score of 6 is 20% 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 Sun Hung Kai Properties 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. Sun Hung Kai Properties's current Piotroski F-Score is 6, which is 20% 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 Sun Hung Kai Properties stock overvalued right now?
Based on GuruFocus' analysis, Sun Hung Kai Properties (SUHJF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.42, compared to a current price of $14.86 — trading 30.1% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Real Estate industry median of 5.00. Sun Hung Kai Properties' overall GF Score™ is 73/100 with 5 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 Sun Hung Kai Properties (SUHJF), the current Piotroski F-Score is 6 as of Jul. 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 Sun Hung Kai Properties (SUHJF) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Hung Kai Properties stock appears to be overvalued. The current stock price of $14.86 is trading 30.1% above its estimated GF Value™ of $11.42. GuruFocus considers Sun Hung Kai Properties to be Modestly Overvalued.

Key valuation signals for SUHJF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $11.42 vs. price of $14.86 (30.1% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 20% above the Real Estate median (#360 of 1754)

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


Sun Hung Kai Properties Business Description

Address 30 Harbour Road, 45th Floor, Sun Hung Kai Centre, Hong Kong, HKG
Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, office, and retail real estate segments. Most of its business is based in Hong Kong, where it is a leading private housing developer and holds a portfolio of high-quality retail and office properties for rental income. The company also invests in other listed entities, including a telecommunication company, SmarTone, and a data center provider, SUNeVision. The Kwok family is the controlling shareholder, with a stake of more than 40%.
73GF Score

Get the complete analysis for SUHJF

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

$14.86
Price
$11.42
GF Value