The Wharf (Holdings)WARFF 65 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates WARFF with a GF Score™ of 65/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,756 Real Estate companies, The Wharf (Holdings) ranks better than 93.11% 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
The Wharf (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 The Wharf (Holdings)'s Piotroski F-Score or its related term are showing as below:
WARFF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of The Wharf (Holdings) was 8. The lowest was 1. And the median was 6.
The Wharf (Holdings) (OTCPK:WARFF) 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.
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.
The Wharf (Holdings) Piotroski F-Score Related Terms
The Wharf (Holdings) Piotroski F-Score Historical Data
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The historical data trend for The Wharf (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.
The Wharf (Holdings) Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, The Wharf (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.
The Wharf (Holdings) Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, The Wharf (Holdings)'s Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Wharf (Holdings)'s Piotroski F-Score falls into.
* 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.
*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.
The Wharf (Holdings)'s current Net Income (TTM) was 6.
==> 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.
The Wharf (Holdings)'s return on assets of this year was 0.00026285. The Wharf (Holdings)'s return on assets of last year was -0.01580997.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Wharf (Holdings)'s gearing of this year was 0.07965449. The Wharf (Holdings)'s gearing of last year was 0.07028104.
==> 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
The Wharf (Holdings)'s current ratio of this year was 2.77205201. The Wharf (Holdings)'s current ratio of last year was 2.0399018.
==> 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.
The Wharf (Holdings)'s number of shares in issue this year was 3056. The Wharf (Holdings)'s number of shares in issue last year was 3056.
==> 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.
The Wharf (Holdings)'s gross margin of this year was 0.65399678. The Wharf (Holdings)'s gross margin of last year was 0.64151888.
==> 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
The Wharf (Holdings)'s asset turnover of this year was 0.05781204. The Wharf (Holdings)'s asset turnover of last year was 0.05940994.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Wharf (Holdings) has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The Wharf (Holdings) (WARFF) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Wharf (Holdings) and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, The Wharf (Holdings)'s Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, The Wharf (Holdings) ranks #121 out of 1756 companies in the Real Estate industry, placing it in the top 6.9%.
Is The Wharf (Holdings)'s Piotroski F-Score too high?
The Wharf (Holdings)'s 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 1.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. The Wharf (Holdings)'s value of 7 is 40% above this industry median. Based on the distribution chart, The Wharf (Holdings) ranks #121 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, The Wharf (Holdings) has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Wharf (Holdings)'s Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, The Wharf (Holdings) ranks #121 out of 1756 companies for Piotroski F-Score. This places The Wharf (Holdings) in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. The Wharf (Holdings)'s value of 7 is 40% above this benchmark. Historically, The Wharf (Holdings)'s own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, The Wharf (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 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. The Wharf (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 The Wharf (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. The Wharf (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 The Wharf (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, The Wharf (Holdings) (WARFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $2.99 — trading 45.7% above 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 Real Estate industry median of 5.00. The Wharf (Holdings)'s overall GF Score™ is 65/100 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 The Wharf (Holdings) (WARFF), the current Piotroski F-Score is 7 as of Jun. 27, 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 The Wharf (Holdings) (WARFF) Overvalued in 2026?
Based on GuruFocus' analysis, The Wharf (Holdings) stock appears to be overvalued.
The current stock price of $2.99 is trading 45.7% above its estimated GF Value™ of $2.05.
GuruFocus considers The Wharf (Holdings) to be Significantly Overvalued.
Key valuation signals for WARFF:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: $2.05 vs. price of $2.99 (45.7% above fair value)
Industry Position: 40% above the Real Estate median (#121 of 1756)
No single metric tells the full story. See the WARFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.
65GF Score
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