CWWGF (Chaowei Power Holdings) Piotroski F-Score: 8 (As of Aug. 19, 2026) — 33% Above Median

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CWWGF Chaowei Power Holdings Ltd CWWGF
82 GF Score
Price $0.42
GF Value $0.68
! 4 Warning Signs
View Full Analysis

What is Chaowei Power Holdings Piotroski F-Score?

Chaowei Power Holdings CWWGF 82 Piotroski F-Score is 8 as of Aug. 19, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates CWWGF with a GF Score™ of 82/100 and a GF Value™ of $0.68. The stock has 4 warning signs investors should review. Among 1,278 Vehicles & Parts companies, Chaowei Power Holdings ranks better than 97.57% 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

Chaowei Power 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 Chaowei Power Holdings's Piotroski F-Score or its related term are showing as below:

CWWGF' 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 Chaowei Power Holdings was 8. The lowest was 5. And the median was 6.

Chaowei Power Holdings  (OTCPK:CWWGF) 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.


Chaowei Power Holdings Piotroski F-Score Related Terms


Chaowei Power Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chaowei Power 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.

Chaowei Power Holdings Piotroski F-Score Chart

Chaowei Power 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 7.00 6.00 5.00 8.00

Chaowei Power Holdings 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 8.00

CWWGF vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Chaowei Power 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.


Chaowei Power Holdings Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chaowei Power Holdings's Piotroski F-Score distribution charts can be found below:

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


CWWGF
82GF Score
Chaowei Power Holdings Ltd CWWGF
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 $51 Mil.
Cash Flow from Operations was $96 Mil.
Revenue was $7,724 Mil.
Gross Profit was $519 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3275.028 + 3533.652) / 2 = $3404.34 Mil.
Total Assets at the begining of this year (Dec24) was $3,275 Mil.
Long-Term Debt & Capital Lease Obligation was $327 Mil.
Total Current Assets was $2,631 Mil.
Total Current Liabilities was $2,034 Mil.
Net Income was $40 Mil.

Revenue was $6,914 Mil.
Gross Profit was $479 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3052.083 + 3275.028) / 2 = $3163.5555 Mil.
Total Assets at the begining of last year (Dec23) was $3,052 Mil.
Long-Term Debt & Capital Lease Obligation was $308 Mil.
Total Current Assets was $2,381 Mil.
Total Current Liabilities was $1,877 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.

Chaowei Power Holdings's current Net Income (TTM) was 51. ==> 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.

Chaowei Power Holdings's current Cash Flow from Operations (TTM) was 96. ==> 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)
=51.243/3275.028
=0.01564658

ROA (Last Year)=Net Income/Total Assets (Dec23)
=39.764/3052.083
=0.01302848

Chaowei Power Holdings's return on assets of this year was 0.01564658. Chaowei Power Holdings's return on assets of last year was 0.01302848. ==> 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.

Chaowei Power Holdings's current Net Income (TTM) was 51. Chaowei Power Holdings's current Cash Flow from Operations (TTM) was 96. ==> 96 > 51 ==> 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
=327.414/3404.34
=0.09617547

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=308.366/3163.5555
=0.0974745

Chaowei Power Holdings's gearing of this year was 0.09617547. Chaowei Power Holdings's gearing of last year was 0.0974745. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=2630.869/2034.441
=1.29316554

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2380.565/1877.477
=1.26795961

Chaowei Power Holdings's current ratio of this year was 1.29316554. Chaowei Power Holdings's current ratio of last year was 1.26795961. ==> 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.

Chaowei Power Holdings's number of shares in issue this year was 1104.127. Chaowei Power Holdings's number of shares in issue last year was 1104.127. ==> 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
=519.183/7723.826
=0.06721837

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=479.275/6914.31
=0.06931639

Chaowei Power Holdings's gross margin of this year was 0.06721837. Chaowei Power Holdings's gross margin of last year was 0.06931639. ==> Last year's gross margin is higher ==> Score 0.

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)
=7723.826/3275.028
=2.35839999

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6914.31/3052.083
=2.2654397

Chaowei Power Holdings's asset turnover of this year was 2.35839999. Chaowei Power Holdings's asset turnover of last year was 2.2654397. ==> 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+1+1+1+0+1
=8

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

Chaowei Power 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?
Chaowei Power Holdings (CWWGF) has a Piotroski F-Score of 8 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chaowei Power Holdings and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Chaowei Power Holdings' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Chaowei Power Holdings ranks #31 out of 1278 companies in the Vehicles & Parts industry, placing it in the top 2.4%.
Is Chaowei Power Holdings' Piotroski F-Score too high?
Chaowei Power 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Chaowei Power Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, Chaowei Power Holdings ranks #31 out of 1278 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Chaowei Power Holdings has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Chaowei Power Holdings' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chaowei Power Holdings ranks #31 out of 1278 companies for Piotroski F-Score. This places Chaowei Power Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chaowei Power Holdings' value of 8 is 60% above this benchmark. Historically, Chaowei Power 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, Chaowei Power 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,278 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. Chaowei Power 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 Chaowei Power Holdings and its competitors. For the Vehicles & Parts 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. Chaowei Power 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 Chaowei Power Holdings stock overvalued right now?
Chaowei Power Holdings (CWWGF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $0.68, compared to a current price of $0.42 — trading 37.7% below 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 Vehicles & Parts industry median of 5.00. Chaowei Power Holdings' overall GF Score™ is 82/100 with 4 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 Chaowei Power Holdings (CWWGF), the current Piotroski F-Score is 8 as of Aug. 19, 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 Chaowei Power Holdings (CWWGF) Overvalued in 2026?

Based on GuruFocus' analysis, Chaowei Power Holdings stock appears to be undervalued. The current stock price of $0.42 is trading 37.7% below its estimated GF Value™ of $0.68.

Key valuation signals for CWWGF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $0.68 vs. price of $0.42 (37.7% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#31 of 1278)

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


Chaowei Power Holdings Business Description

Other Exchanges 00951:Hong Kong
Address No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100
Chaowei Power Holdings Ltd, along with its subsidiaries, is principally engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries, and other related products, which are widely used in electric bikes, electric tricycles, and special-purpose electric vehicles. All its products are manufactured and sold under the Chilwee brand and trademark. Geographically, the Group generates the majority of its revenue from the People's Republic of China (PRC).
82GF Score

Get the complete analysis for CWWGF

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

$0.42
Price
$0.68
GF Value