CASBF (CanSino Biologics) Piotroski F-Score: 6 (As of Jul. 15, 2026) — 50% Above Median

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CASBF CanSino Biologics Inc CASBF
69 GF Score
Price $2.60
GF Value $8.73
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is CanSino Biologics Piotroski F-Score?

CanSino Biologics CASBF 69 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates CASBF with a GF Score™ of 69/100 and a GF Value™ of $8.73 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 979 Drug Manufacturers companies, CanSino Biologics ranks better than 79.06% 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

CanSino Biologics 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 CanSino Biologics's Piotroski F-Score or its related term are showing as below:

CASBF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 6

During the past 10 years, the highest Piotroski F-Score of CanSino Biologics was 6. The lowest was 1. And the median was 4.

CanSino Biologics  (OTCPK:CASBF) 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.


CanSino Biologics Piotroski F-Score Related Terms


CanSino Biologics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CanSino Biologics'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.

CanSino Biologics Piotroski F-Score Chart

CanSino Biologics 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 1.00 4.00 3.00 N/A 6.00

CanSino Biologics Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Jun25 Sep25 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 N/A 6.00 N/A 6.00

CASBF vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, CanSino Biologics'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.


CanSino Biologics Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CanSino Biologics's Piotroski F-Score distribution charts can be found below:

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


CASBF
69GF Score
CanSino Biologics Inc CASBF
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 (Jun24) TTM:
Net Income was 0 + 0 + 3.92 + 1.907 = $5.83 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0 + 0 + 44.708 + 52.082 = $96.79 Mil.
Gross Profit was 0 + 0 + 55.589 + 15.149 = $70.74 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Dec25) was
(1121.283 + 1093.045 + 1073.064 + 1024.944 + 1019.079) / 5 = $1066.283 Mil.
Total Assets at the begining of this year (Jun24) was $1,121.28 Mil.
Long-Term Debt & Capital Lease Obligation was $136.95 Mil.
Total Current Assets was $545.04 Mil.
Total Current Liabilities was $153.69 Mil.
Net Income was -19.677 + -69.704 + -23.62 + -7.619 = $-120.62 Mil.

Revenue was 21.177 + 23.746 + 15.869 + 23.59 = $84.38 Mil.
Gross Profit was 106.798 + -123.096 + 9.449 + 16.417 = $9.57 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was
(1382.03 + 1316.905 + 1305.113 + 1189.848 + 1121.283) / 5 = $1263.0358 Mil.
Total Assets at the begining of last year (Jun23) was $1,382.03 Mil.
Long-Term Debt & Capital Lease Obligation was $138.24 Mil.
Total Current Assets was $625.59 Mil.
Total Current Liabilities was $262.93 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.

CanSino Biologics's current Net Income (TTM) was 5.83. ==> 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.

CanSino Biologics's current Cash Flow from Operations (TTM) was 0.00. ==> Negative ==> Score 0.

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)
=5.827/1121.283
=0.00519673

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-120.62/1382.03
=-0.08727741

CanSino Biologics's return on assets of this year was 0.00519673. CanSino Biologics's return on assets of last year was -0.08727741. ==> 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.

CanSino Biologics's current Net Income (TTM) was 5.83. CanSino Biologics's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 5.83 ==> 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 Jun24 to Dec25
=136.95/1066.283
=0.12843682

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=138.244/1263.0358
=0.10945375

CanSino Biologics's gearing of this year was 0.12843682. CanSino Biologics's gearing of last year was 0.10945375. ==> 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
=545.041/153.69
=3.54636606

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=625.586/262.933
=2.37926012

CanSino Biologics's current ratio of this year was 3.54636606. CanSino Biologics's current ratio of last year was 2.37926012. ==> 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.

CanSino Biologics's number of shares in issue this year was 247.006. CanSino Biologics's number of shares in issue last year was 247.086. ==> 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
=70.738/96.79
=0.73083996

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.568/84.382
=0.11338911

CanSino Biologics's gross margin of this year was 0.73083996. CanSino Biologics's gross margin of last year was 0.11338911. ==> 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 (Jun24)
=96.79/1121.283
=0.08632076

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=84.382/1382.03
=0.06105656

CanSino Biologics's asset turnover of this year was 0.08632076. CanSino Biologics's asset turnover of last year was 0.06105656. ==> 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+0+1+0+0+1+1+1+1
=6

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

CanSino Biologics 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?
CanSino Biologics (CASBF) 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 CanSino Biologics and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, CanSino Biologics' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, CanSino Biologics ranks #205 out of 979 companies in the Drug Manufacturers industry, placing it in the top 20.9%.
Is CanSino Biologics' Piotroski F-Score too high?
CanSino Biologics' current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. CanSino Biologics' value of 6 is 20% above this industry median. Based on the distribution chart, CanSino Biologics ranks #205 out of 979 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, CanSino Biologics has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CanSino Biologics' Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, CanSino Biologics ranks #205 out of 979 companies for Piotroski F-Score. This places CanSino Biologics in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CanSino Biologics' value of 6 is 20% above this benchmark. Historically, CanSino Biologics' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, CanSino Biologics 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 979 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. CanSino Biologics'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 CanSino Biologics and its competitors. For the Drug Manufacturers 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. CanSino Biologics's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CanSino Biologics stock overvalued right now?
Based on GuruFocus' analysis, CanSino Biologics (CASBF) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.73, compared to a current price of $2.60 — trading 70.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Drug Manufacturers industry median of 5.00. CanSino Biologics' overall GF Score™ is 69/100 with 3 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 CanSino Biologics (CASBF), 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 CanSino Biologics (CASBF) Overvalued in 2026?

Based on GuruFocus' analysis, CanSino Biologics stock appears to be undervalued. The current stock price of $2.60 is trading 70.2% below its estimated GF Value™ of $8.73. GuruFocus considers CanSino Biologics to be Significantly Undervalued.

Key valuation signals for CASBF:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: $8.73 vs. price of $2.60 (70.2% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 20% above the Drug Manufacturers median (#205 of 979)

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


CanSino Biologics Business Description

Address 185 South Avenue, 401-420, 4th Floor, Biomedical Park, TEDA West District, Tianjin, CHN
CanSino Biologics Inc is engaged in the research and development, manufacturing, and commercialization of vaccine products for human use. The company has a broad portfolio of vaccines and vaccine candidates for several disease areas. Its commercial-stage products are Menhycia and Menphecia, iPneucia, Convidecia and Convidecia Air, and XBB.1.5 Variant, and Ad5-EBOV. The company's clinical-stage products include Tetanus Vaccine, DTcP Infant, Tdcp Adolescent and Adult, Recombinant Poliomyelitis Vaccine, PBPV, and Recombinant Zoster Vaccine, among others. Additionally, it has various vaccine candidates in pre-clinical programs, targeting diseases such as influenza, meningitis, pneumonia, and others. Geographically, the company generates maximum revenue from the People's Republic of China.
69GF Score

Get the complete analysis for CASBF

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

$2.60
Price
$8.73
GF Value