CREG (Smart Powerr) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


CREG Smart Powerr Corp CREG
33 GF Score
Price $2.24
! 2 Warning Signs
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What is Smart Powerr Piotroski F-Score?

Smart Powerr CREG -2.39% 33 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates CREG with a GF Score™ of 33/100. The stock has 2 warning signs investors should review. Among 420 Utilities - Independent Power Producers companies, Smart Powerr ranks better than 80.95% 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

Smart Powerr 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 Smart Powerr's Piotroski F-Score or its related term are showing as below:

CREG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Smart Powerr was 8. The lowest was 1. And the median was 5.

Smart Powerr  (NAS:CREG) 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.


Smart Powerr Piotroski F-Score Related Terms


Smart Powerr Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Smart Powerr'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.

Smart Powerr Piotroski F-Score Chart

Smart Powerr 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 3.00 3.00 3.00 1.00 5.00

Smart Powerr 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 5.00 5.00 5.00 5.00 6.00

CREG vs CLNV, HTOO, CPWR: Piotroski F-Score Comparison

For the Utilities - Renewable subindustry, Smart Powerr'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.


Smart Powerr Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Smart Powerr's Piotroski F-Score distribution charts can be found below:

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


CREG
33GF Score
Smart Powerr Corp CREG
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 -1.245 + -0.3 + -0.47 + -0.547 = $-2.56 Mil.
Cash Flow from Operations was -0.131 + -0.053 + 2.466 + -0.126 = $2.16 Mil.
Revenue was 0.062 + 0.091 + 0.089 + 0.108 = $0.35 Mil.
Gross Profit was 0.027 + 0.044 + 0.037 + 0.055 = $0.16 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(130.748 + 132.208 + 132.973 + 157.643 + 159.654) / 5 = $142.6452 Mil.
Total Assets at the begining of this year (Mar25) was $130.75 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $158.86 Mil.
Total Current Liabilities was $8.59 Mil.
Net Income was -0.41 + -0.263 + -0.607 + -0.884 = $-2.16 Mil.

Revenue was 0 + 0 + 0 + 0.021 = $0.02 Mil.
Gross Profit was 0 + 0 + 0 + 0.009 = $0.01 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(136.299 + 135.5 + 137.655 + 121.235 + 130.748) / 5 = $132.2874 Mil.
Total Assets at the begining of last year (Mar24) was $136.30 Mil.
Long-Term Debt & Capital Lease Obligation was $0.06 Mil.
Total Current Assets was $129.86 Mil.
Total Current Liabilities was $13.04 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.

Smart Powerr's current Net Income (TTM) was -2.56. ==> Negative ==> Score 0.

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.

Smart Powerr's current Cash Flow from Operations (TTM) was 2.16. ==> 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)
=-2.562/130.748
=-0.01959495

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2.164/136.299
=-0.01587686

Smart Powerr's return on assets of this year was -0.01959495. Smart Powerr's return on assets of last year was -0.01587686. ==> Last year is higher ==> Score 0.

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.

Smart Powerr's current Net Income (TTM) was -2.56. Smart Powerr's current Cash Flow from Operations (TTM) was 2.16. ==> 2.16 > -2.56 ==> 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
=0/142.6452
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.057/132.2874
=0.00043088

Smart Powerr's gearing of this year was 0. Smart Powerr's gearing of last year was 0.00043088. ==> 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
=158.861/8.594
=18.48510589

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=129.857/13.044
=9.95530512

Smart Powerr's current ratio of this year was 18.48510589. Smart Powerr's current ratio of last year was 9.95530512. ==> 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.

Smart Powerr's number of shares in issue this year was 2.143. Smart Powerr's number of shares in issue last year was 0.102. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=0.163/0.35
=0.46571429

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.009/0.021
=0.42857143

Smart Powerr's gross margin of this year was 0.46571429. Smart Powerr's gross margin of last year was 0.42857143. ==> 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 (Mar25)
=0.35/130.748
=0.00267691

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.021/136.299
=0.00015407

Smart Powerr's asset turnover of this year was 0.00267691. Smart Powerr's asset turnover of last year was 0.00015407. ==> 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
=0+1+0+1+1+1+0+1+1
=6

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

Smart Powerr 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?
Smart Powerr (CREG) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smart Powerr and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Smart Powerr's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Smart Powerr ranks #80 out of 420 companies in the Utilities - Independent Power Producers industry, placing it in the top 19%.
Is Smart Powerr's Piotroski F-Score too high?
Smart Powerr'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 1.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Smart Powerr's value of 6 is 20% above this industry median. Based on the distribution chart, Smart Powerr ranks #80 out of 420 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Powerr has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Smart Powerr's Piotroski F-Score compare to CLNV and HTOO?
According to the Utilities - Independent Power Producers industry distribution chart, Smart Powerr ranks #80 out of 420 companies for Piotroski F-Score. This places Smart Powerr in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Smart Powerr's value of 6 is 20% above this benchmark. Historically, Smart Powerr'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 5.00 vs. the industry median of 5.00, Smart Powerr 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 Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 420 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. Smart Powerr'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 Smart Powerr and its competitors. For the Utilities - Independent Power Producers 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. Smart Powerr'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 Smart Powerr stock overvalued right now?
Smart Powerr (CREG) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Utilities - Independent Power Producers industry median of 5.00. Smart Powerr's overall GF Score™ is 33/100 with 2 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 Smart Powerr (CREG), the current Piotroski F-Score is 6 as of Jun. 25, 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.

Smart Powerr Business Description

Address Rong Cheng Yun Gu Building Keji 3rd Road, 4th Floor, Tower C, Yanta District, Shaan Xi Province, Xi’an, CHN, 710075
Smart Powerr Corp is engaged in waste energy recycling and is a developer of energy efficiency solutions for various energy intensive industries in China. It uses Build-Operate-Transfer (BOT) model to provide energy saving and recovery facilities for multiple energy intensive industries in China. Its waste energy recycling projects allow customers which use substantial amounts of electricity to recapture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. It provides a clean-technology and energy-efficient solution aimed at reducing the air pollution and energy shortage problems in China. The company's operations are conducted in one industry segment. All of its assets are located in the PRC.
33GF Score

Get the complete analysis for CREG

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

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