BJINF (Beijing Enterprises Holdings) Piotroski F-Score: 8 (As of Aug. 28, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BJINF Beijing Enterprises Holdings Ltd BJINF
69 GF Score
Price $3.98
GF Value $3.08
! 5 Warning Signs
View Full Analysis

What is Beijing Enterprises Holdings Piotroski F-Score?

Beijing Enterprises Holdings BJINF 69 Piotroski F-Score is 8 as of Aug. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BJINF with a GF Score™ of 69/100 and a GF Value™ of $3.08. The stock has 5 warning signs investors should review. Among 545 Conglomerates companies, Beijing Enterprises Holdings ranks better than 98.53% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Beijing Enterprises Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Beijing Enterprises Holdings's Piotroski F-Score or its related term are showing as below:

BJINF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Beijing Enterprises Holdings was 8. The lowest was 5. And the median was 6.

Beijing Enterprises Holdings  (OTCPK:BJINF) 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.


Beijing Enterprises Holdings Piotroski F-Score Related Terms


Beijing Enterprises Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Beijing Enterprises 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.

Beijing Enterprises Holdings Piotroski F-Score Chart

Beijing Enterprises 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 6.00 5.00 6.00 5.00 8.00

Beijing Enterprises Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 5.00 0.00 8.00 0.00

BJINF vs MMM, HON: Piotroski F-Score Comparison

For the Conglomerates subindustry, Beijing Enterprises 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.


Beijing Enterprises Holdings Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Beijing Enterprises Holdings's Piotroski F-Score distribution charts can be found below:

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


BJINF
69GF Score
Beijing Enterprises Holdings Ltd BJINF
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 $718 Mil.
Cash Flow from Operations was $1,052 Mil.
Revenue was $12,385 Mil.
Gross Profit was $1,693 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (28809.334 + 30506.205) / 2 = $29657.7695 Mil.
Total Assets at the begining of this year (Dec24) was $28,809 Mil.
Long-Term Debt & Capital Lease Obligation was $6,575 Mil.
Total Current Assets was $7,383 Mil.
Total Current Liabilities was $8,286 Mil.
Net Income was $704 Mil.

Revenue was $11,546 Mil.
Gross Profit was $1,569 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (28634.311 + 28809.334) / 2 = $28721.8225 Mil.
Total Assets at the begining of last year (Dec23) was $28,634 Mil.
Long-Term Debt & Capital Lease Obligation was $5,943 Mil.
Total Current Assets was $6,830 Mil.
Total Current Liabilities was $8,490 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.

Beijing Enterprises Holdings's current Net Income (TTM) was 718. ==> 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.

Beijing Enterprises Holdings's current Cash Flow from Operations (TTM) was 1,052. ==> 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)
=717.833/28809.334
=0.02491668

ROA (Last Year)=Net Income/Total Assets (Dec23)
=703.653/28634.311
=0.02457377

Beijing Enterprises Holdings's return on assets of this year was 0.02491668. Beijing Enterprises Holdings's return on assets of last year was 0.02457377. ==> 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.

Beijing Enterprises Holdings's current Net Income (TTM) was 718. Beijing Enterprises Holdings's current Cash Flow from Operations (TTM) was 1,052. ==> 1,052 > 718 ==> 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
=6575.468/29657.7695
=0.22171148

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5942.867/28721.8225
=0.20691121

Beijing Enterprises Holdings's gearing of this year was 0.22171148. Beijing Enterprises Holdings's gearing of last year was 0.20691121. ==> 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
=7383.09/8285.929
=0.8910395

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6829.996/8490.447
=0.80443303

Beijing Enterprises Holdings's current ratio of this year was 0.8910395. Beijing Enterprises Holdings's current ratio of last year was 0.80443303. ==> 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.

Beijing Enterprises Holdings's number of shares in issue this year was 5055.839. Beijing Enterprises Holdings's number of shares in issue last year was 5123.085. ==> 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
=1693.457/12384.682
=0.13673803

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1569.49/11546.155
=0.13593183

Beijing Enterprises Holdings's gross margin of this year was 0.13673803. Beijing Enterprises Holdings's gross margin of last year was 0.13593183. ==> 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)
=12384.682/28809.334
=0.42988436

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=11546.155/28634.311
=0.40322797

Beijing Enterprises Holdings's asset turnover of this year was 0.42988436. Beijing Enterprises Holdings's asset turnover of last year was 0.40322797. ==> 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+0+1+1+1+1
=8

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

Beijing Enterprises Holdings has an F-score of 8. 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 8 mean?
Beijing Enterprises Holdings (BJINF) has a Piotroski F-Score of 8 as of Aug. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Beijing Enterprises Holdings and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Beijing Enterprises Holdings' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Beijing Enterprises Holdings ranks #8 out of 545 companies in the Conglomerates industry, placing it in the top 1.5%.
Is Beijing Enterprises Holdings' Piotroski F-Score too high?
Beijing Enterprises Holdings' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Beijing Enterprises Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Beijing Enterprises Holdings ranks #8 out of 545 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Beijing Enterprises Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Beijing Enterprises Holdings' Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Beijing Enterprises Holdings ranks #8 out of 545 companies for Piotroski F-Score. This places Beijing Enterprises Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Beijing Enterprises Holdings' value of 8 is 60% above this benchmark. Historically, Beijing Enterprises Holdings' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Beijing Enterprises 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 545 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. Beijing Enterprises Holdings's current Piotroski F-Score of 8 is 60% 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 Beijing Enterprises Holdings and its competitors. For the Conglomerates 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. Beijing Enterprises Holdings's current Piotroski F-Score is 8, which is 33% 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 Beijing Enterprises Holdings stock overvalued right now?
Beijing Enterprises Holdings (BJINF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $3.08, compared to a current price of $3.98 — trading 29.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Conglomerates industry median of 5.00. Beijing Enterprises Holdings' overall GF Score™ is 69/100 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 Beijing Enterprises Holdings (BJINF), the current Piotroski F-Score is 8 as of Aug. 28, 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 Beijing Enterprises Holdings (BJINF) Overvalued in 2026?

Based on GuruFocus' analysis, Beijing Enterprises Holdings stock appears to be overvalued. The current stock price of $3.98 is trading 29.2% above its estimated GF Value™ of $3.08.

Key valuation signals for BJINF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $3.08 vs. price of $3.98 (29.2% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 60% above the Conglomerates median (#8 of 545)

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


Beijing Enterprises Holdings Business Description

Other Exchanges 00392:Hong KongBJEB:Germany
Address 18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG
Beijing Enterprises Holdings Ltd is an investment holding company. Its reportable operating segments are Gas operation segment engages in the distribution and sale of piped natural gas and gas-related equipment, the provision of natural gas transmission; Water operation segment engages in the construction of sewage and water treatment plants and other infrastructural facilities; Environmental operation segment comprises the provision of waste incineration plant construction and waste treatment services; Brewery operation segment produces, distributes and sells brewery products; Others segment comprises the provision of consultation services, property investment and corporate income of which majority of revenue comes from Gas operation. Geographically revenue comes from Chinese Mainland.
69GF Score

Get the complete analysis for BJINF

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

$3.98
Price
$3.08
GF Value