Chlitina Holding (TPE:4137) Piotroski F-Score: 7 (As of Aug. 20, 2026) — 40% Above Median

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TPE:4137 Chlitina Holding Ltd TPE:4137
80 GF Score
Price NT$90.30
GF Value NT$126.25
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Chlitina Holding Piotroski F-Score?

Chlitina Holding TPE:4137 +0.33% 80 Piotroski F-Score is 7 as of Aug. 20, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TPE:4137 with a GF Score™ of 80/100 and a GF Value™ of NT$126.25 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Chlitina Holding ranks better than 88.49% 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

Chlitina Holding 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 Chlitina Holding's Piotroski F-Score or its related term are showing as below:

TPE:4137' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Chlitina Holding was 8. The lowest was 3. And the median was 5.

Chlitina Holding  (TPE:4137) 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.


Chlitina Holding Piotroski F-Score Related Terms


Chlitina Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chlitina Holding'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.

Chlitina Holding Piotroski F-Score Chart

Chlitina Holding 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 8.00 4.00 8.00 4.00 5.00

Chlitina Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 3.00 4.00 N/A 5.00 7.00

TPE:4137 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Chlitina Holding'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.


Chlitina Holding Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chlitina Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chlitina Holding's Piotroski F-Score falls into.


TPE:4137
80GF Score
Chlitina Holding Ltd TPE:4137
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 216.284 + 164.95 + 150.885 + 116.316 = NT$648 Mil.
Cash Flow from Operations was 440.79 + 354.808 + 160.592 + 51.546 = NT$1,008 Mil.
Revenue was 952.763 + 1025.018 + 1102.556 + 918.059 = NT$3,998 Mil.
Gross Profit was 767.795 + 854.582 + 906.107 + 731.2 = NT$3,260 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8923.157 + 8235.72 + 9092.042 + 9523.912 + 9820.012) / 5 = NT$9118.9686 Mil.
Total Assets at the begining of this year (Mar25) was NT$8,923 Mil.
Long-Term Debt & Capital Lease Obligation was NT$794 Mil.
Total Current Assets was NT$6,804 Mil.
Total Current Liabilities was NT$3,287 Mil.
Net Income was 216.127 + 125.832 + 58.451 + 55.882 = NT$456 Mil.

Revenue was 1018.104 + 1022.848 + 1027.295 + 797.818 = NT$3,866 Mil.
Gross Profit was 828.281 + 860.473 + 847.392 + 655.066 = NT$3,191 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(9130.211 + 9478.234 + 8784.232 + 8893.169 + 8923.157) / 5 = NT$9041.8006 Mil.
Total Assets at the begining of last year (Mar24) was NT$9,130 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,239 Mil.
Total Current Assets was NT$6,117 Mil.
Total Current Liabilities was NT$1,887 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.

Chlitina Holding's current Net Income (TTM) was 648. ==> 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.

Chlitina Holding's current Cash Flow from Operations (TTM) was 1,008. ==> 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 (Mar25)
=648.435/8923.157
=0.07266879

ROA (Last Year)=Net Income/Total Assets (Mar24)
=456.292/9130.211
=0.04997606

Chlitina Holding's return on assets of this year was 0.07266879. Chlitina Holding's return on assets of last year was 0.04997606. ==> 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.

Chlitina Holding's current Net Income (TTM) was 648. Chlitina Holding's current Cash Flow from Operations (TTM) was 1,008. ==> 1,008 > 648 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=793.703/9118.9686
=0.08703868

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1238.669/9041.8006
=0.13699362

Chlitina Holding's gearing of this year was 0.08703868. Chlitina Holding's gearing of last year was 0.13699362. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=6803.769/3287.321
=2.06970022

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6116.754/1887.276
=3.241049

Chlitina Holding's current ratio of this year was 2.06970022. Chlitina Holding's current ratio of last year was 3.241049. ==> 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.

Chlitina Holding's number of shares in issue this year was 82.492. Chlitina Holding's number of shares in issue last year was 82.492. ==> 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
=3259.684/3998.396
=0.81524791

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3191.212/3866.065
=0.82544189

Chlitina Holding's gross margin of this year was 0.81524791. Chlitina Holding's gross margin of last year was 0.82544189. ==> 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 (Mar25)
=3998.396/8923.157
=0.44809208

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3866.065/9130.211
=0.42343654

Chlitina Holding's asset turnover of this year was 0.44809208. Chlitina Holding's asset turnover of last year was 0.42343654. ==> 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+1+1+0+1+0+1
=7

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

Chlitina Holding 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?
Chlitina Holding (TPE:4137) has a Piotroski F-Score of 7 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chlitina Holding and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Chlitina Holding's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Chlitina Holding ranks #220 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Chlitina Holding's Piotroski F-Score too high?
Chlitina Holding's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Chlitina Holding's value of 7 is 40% above this industry median. Based on the distribution chart, Chlitina Holding ranks #220 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Chlitina Holding has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chlitina Holding's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Chlitina Holding ranks #220 out of 1912 companies for Piotroski F-Score. This places Chlitina Holding in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chlitina Holding's value of 7 is 40% above this benchmark. Historically, Chlitina Holding's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Chlitina Holding 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Chlitina Holding'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 Chlitina Holding and its competitors. For the Consumer Packaged Goods 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. Chlitina Holding's current Piotroski F-Score is 7, which is 40% 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 Chlitina Holding stock overvalued right now?
Based on GuruFocus' analysis, Chlitina Holding (TPE:4137) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$126.25, compared to a current price of NT$90.30 — trading 28.5% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Chlitina Holding's overall GF Score™ is 80/100 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 Chlitina Holding (TPE:4137), the current Piotroski F-Score is 7 as of Aug. 20, 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 Chlitina Holding (TPE:4137) Overvalued in 2026?

Based on GuruFocus' analysis, Chlitina Holding stock appears to be undervalued. The current stock price of NT$90.30 is trading 28.5% below its estimated GF Value™ of NT$126.25. GuruFocus considers Chlitina Holding to be Modestly Undervalued.

Key valuation signals for TPE:4137:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: NT$126.25 vs. price of NT$90.30 (28.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#220 of 1912)

No single metric tells the full story. See the TPE:4137 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chlitina Holding Business Description

Address No. 107, Songren Road, 10th Floor, Xinyi District, Taipei, TWN, 11073
Chlitina Holding Ltd is a Taiwan-based cosmetics company. The company is mainly engaged in the manufacture, distribution, and business operations of beauty products under the brand of Chlitina, a company-operated salon business, and aesthetic medicine clinic. The company offers face-care products, body-care products, aromatic products, and other related products.
80GF Score

Get the complete analysis for TPE:4137

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

NT$90.30
Price
NT$126.25
GF Value