VPGLF (Value Partners Group) Piotroski F-Score: 6 (As of Jul. 15, 2026) — 20% Above Median

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VPGLF Value Partners Group Ltd VPGLF
60 GF Score
Price $0.26
GF Value $0.49
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Value Partners Group Piotroski F-Score?

Value Partners Group VPGLF 60 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates VPGLF with a GF Score™ of 60/100 and a GF Value™ of $0.49 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,593 Asset Management companies, Value Partners Group ranks better than 82.3% 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

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

VPGLF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Value Partners Group was 7. The lowest was 4. And the median was 5.

Value Partners Group  (OTCPK:VPGLF) 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.


Value Partners Group Piotroski F-Score Related Terms


Value Partners Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Value Partners Group'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.

Value Partners Group Piotroski F-Score Chart

Value Partners Group 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 4.00 4.00 6.00 5.00 6.00

Value Partners Group 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 6.00 0.00 5.00 0.00 6.00

VPGLF vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Value Partners Group'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.


Value Partners Group Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Value Partners Group's Piotroski F-Score distribution charts can be found below:

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


VPGLF
60GF Score
Value Partners Group Ltd VPGLF
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 $85.8 Mil.
Cash Flow from Operations was $5.5 Mil.
Revenue was $118.5 Mil.
Gross Profit was $35.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (485.658 + 599.162) / 2 = $542.41 Mil.
Total Assets at the begining of this year (Dec24) was $485.7 Mil.
Long-Term Debt & Capital Lease Obligation was $9.2 Mil.
Total Current Assets was $261.7 Mil.
Total Current Liabilities was $45.3 Mil.
Net Income was $4.0 Mil.

Revenue was $60.1 Mil.
Gross Profit was $3.3 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (599.002 + 485.658) / 2 = $542.33 Mil.
Total Assets at the begining of last year (Dec23) was $599.0 Mil.
Long-Term Debt & Capital Lease Obligation was $2.4 Mil.
Total Current Assets was $159.1 Mil.
Total Current Liabilities was $25.1 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.

Value Partners Group's current Net Income (TTM) was 85.8. ==> 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.

Value Partners Group's current Cash Flow from Operations (TTM) was 5.5. ==> 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)
=85.814/485.658
=0.17669636

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.018/599.002
=0.00670782

Value Partners Group's return on assets of this year was 0.17669636. Value Partners Group's return on assets of last year was 0.00670782. ==> 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.

Value Partners Group's current Net Income (TTM) was 85.8. Value Partners Group's current Cash Flow from Operations (TTM) was 5.5. ==> 5.5 <= 85.8 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=9.168/542.41
=0.01690234

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.388/542.33
=0.00440322

Value Partners Group's gearing of this year was 0.01690234. Value Partners Group's gearing of last year was 0.00440322. ==> Last year is lower than this year ==> Score 0.

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
=261.677/45.276
=5.77959625

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=159.121/25.089
=6.34226155

Value Partners Group's current ratio of this year was 5.77959625. Value Partners Group's current ratio of last year was 6.34226155. ==> 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.

Value Partners Group's number of shares in issue this year was 1826.71. Value Partners Group's number of shares in issue last year was 1826.71. ==> 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
=35.117/118.514
=0.29631098

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.316/60.052
=0.05521881

Value Partners Group's gross margin of this year was 0.29631098. Value Partners Group's gross margin of last year was 0.05521881. ==> 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 (Dec24)
=118.514/485.658
=0.24402769

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=60.052/599.002
=0.10025342

Value Partners Group's asset turnover of this year was 0.24402769. Value Partners Group's asset turnover of last year was 0.10025342. ==> 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+0+0+1+1+1
=6

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

Value Partners Group 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?
Value Partners Group (VPGLF) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Value Partners Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Value Partners Group's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Value Partners Group ranks #282 out of 1593 companies in the Asset Management industry, placing it in the top 17.7%.
Is Value Partners Group's Piotroski F-Score too high?
Value Partners Group's 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 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Value Partners Group's value of 6 is 20% above this industry median. Based on the distribution chart, Value Partners Group ranks #282 out of 1593 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Value Partners Group has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Value Partners Group's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Value Partners Group ranks #282 out of 1593 companies for Piotroski F-Score. This places Value Partners Group in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Value Partners Group's value of 6 is 20% above this benchmark. Historically, Value Partners Group's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Value Partners Group 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,593 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. Value Partners Group'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 Value Partners Group and its competitors. For the Asset Management 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. Value Partners Group'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 Value Partners Group stock overvalued right now?
Based on GuruFocus' analysis, Value Partners Group (VPGLF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.49, compared to a current price of $0.26 — trading 46.6% below 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 Asset Management industry median of 5.00. Value Partners Group's overall GF Score™ is 60/100 with 6 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 Value Partners Group (VPGLF), the current Piotroski F-Score is 6 as of Jul. 15, 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 Value Partners Group (VPGLF) Overvalued in 2026?

Based on GuruFocus' analysis, Value Partners Group stock appears to be undervalued. The current stock price of $0.26 is trading 46.6% below its estimated GF Value™ of $0.49. GuruFocus considers Value Partners Group to be Possible Value Trap.

Key valuation signals for VPGLF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $0.49 vs. price of $0.26 (46.6% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 20% above the Asset Management median (#282 of 1593)

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


Value Partners Group Business Description

Other Exchanges 00806:Hong Kong9Z1:Germany
Address 99 Queen’s Road Central, 43rd Floor, The Center, Hong Kong, HKG
Value Partners Group Ltd offers asset management portfolios for institutional and individual clients in the Asia Pacific, Europe, and North America. Fund options include absolute return funds, fixed-income products, alternative funds, multi-asset funds, ETFs and others. The firm provides other fund opportunities under white-label and co-branded funds.
60GF Score

Get the complete analysis for VPGLF

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

$0.26
Price
$0.49
GF Value