DNGYF (Dongyue Group) Piotroski F-Score: 8 (As of Jun. 27, 2026) — Near Median


DNGYF Dongyue Group Ltd DNGYF
54 GF Score
Price $2.65
GF Value $0.96
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Dongyue Group Piotroski F-Score?

Dongyue Group DNGYF +17.78% 54 Piotroski F-Score is 8 as of Jun. 27, 2026, which is at its 10-year median of 8.00. GuruFocus rates DNGYF with a GF Score™ of 54/100 and a GF Value™ of $0.96 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,567 Chemicals companies, Dongyue Group ranks better than 97.51% 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

Dongyue Group 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 Dongyue Group's Piotroski F-Score or its related term are showing as below:

DNGYF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 8   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Dongyue Group was 9. The lowest was 5. And the median was 8.

Dongyue Group  (OTCPK:DNGYF) 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.


Dongyue Group Piotroski F-Score Related Terms


Dongyue Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Dongyue Group'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.

Dongyue Group Piotroski F-Score Chart

Dongyue Group 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 8.00 5.00 5.00 9.00 8.00

Dongyue Group 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 5.00 0.00 9.00 0.00 8.00

DNGYF vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Dongyue Group'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.


Dongyue Group Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Dongyue Group's Piotroski F-Score distribution charts can be found below:

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


DNGYF
54GF Score
Dongyue Group Ltd DNGYF
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 $233 Mil.
Cash Flow from Operations was $526 Mil.
Revenue was $2,038 Mil.
Gross Profit was $628 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2875.667 + 3344.823) / 2 = $3110.245 Mil.
Total Assets at the begining of this year (Dec24) was $2,876 Mil.
Long-Term Debt & Capital Lease Obligation was $4 Mil.
Total Current Assets was $1,332 Mil.
Total Current Liabilities was $408 Mil.
Net Income was $111 Mil.

Revenue was $1,948 Mil.
Gross Profit was $421 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3073.968 + 2875.667) / 2 = $2974.8175 Mil.
Total Assets at the begining of last year (Dec23) was $3,074 Mil.
Long-Term Debt & Capital Lease Obligation was $3 Mil.
Total Current Assets was $931 Mil.
Total Current Liabilities was $404 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.

Dongyue Group's current Net Income (TTM) was 233. ==> 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.

Dongyue Group's current Cash Flow from Operations (TTM) was 526. ==> 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)
=233.106/2875.667
=0.08106154

ROA (Last Year)=Net Income/Total Assets (Dec23)
=111.363/3073.968
=0.03622777

Dongyue Group's return on assets of this year was 0.08106154. Dongyue Group's return on assets of last year was 0.03622777. ==> 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.

Dongyue Group's current Net Income (TTM) was 233. Dongyue Group's current Cash Flow from Operations (TTM) was 526. ==> 526 > 233 ==> 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
=3.834/3110.245
=0.0012327

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.926/2974.8175
=0.00098359

Dongyue Group's gearing of this year was 0.0012327. Dongyue Group's gearing of last year was 0.00098359. ==> 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
=1331.544/407.573
=3.26700738

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=930.841/403.763
=2.30541431

Dongyue Group's current ratio of this year was 3.26700738. Dongyue Group's current ratio of last year was 2.30541431. ==> 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.

Dongyue Group's number of shares in issue this year was 1675.729. Dongyue Group's number of shares in issue last year was 1746.485. ==> 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
=627.94/2038.19
=0.30808708

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=421.193/1947.764
=0.21624437

Dongyue Group's gross margin of this year was 0.30808708. Dongyue Group's gross margin of last year was 0.21624437. ==> 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)
=2038.19/2875.667
=0.70877122

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1947.764/3073.968
=0.63363184

Dongyue Group's asset turnover of this year was 0.70877122. Dongyue Group's asset turnover of last year was 0.63363184. ==> 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

Dongyue Group 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?
Dongyue Group (DNGYF) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dongyue Group and its competitors. This is near median its historical median of 8.00. Over the past decade, Dongyue Group's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Dongyue Group ranks #39 out of 1567 companies in the Chemicals industry, placing it in the top 2.5%.
Is Dongyue Group's Piotroski F-Score too high?
Dongyue Group's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Dongyue Group's value of 8 is 60% above this industry median. Based on the distribution chart, Dongyue Group ranks #39 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Dongyue Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dongyue Group's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Dongyue Group ranks #39 out of 1567 companies for Piotroski F-Score. This places Dongyue Group in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Dongyue Group's value of 8 is 60% above this benchmark. Historically, Dongyue Group's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Dongyue Group 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Dongyue Group'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 Dongyue Group and its competitors. For the Chemicals 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. Dongyue Group's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongyue Group stock overvalued right now?
Based on GuruFocus' analysis, Dongyue Group (DNGYF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.96, compared to a current price of $2.65 — trading 176% above its estimated fair value. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Chemicals industry median of 5.00. Dongyue Group's overall GF Score™ is 54/100 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 Dongyue Group (DNGYF), the current Piotroski F-Score is 8 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 Dongyue Group (DNGYF) Overvalued in 2026?

Based on GuruFocus' analysis, Dongyue Group stock appears to be overvalued. The current stock price of $2.65 is trading 176% above its estimated GF Value™ of $0.96. GuruFocus considers Dongyue Group to be Significantly Overvalued.

Key valuation signals for DNGYF:

  • Piotroski F-Score: 8 (near median its 10-year median of 8.00)
  • GF Value™: $0.96 vs. price of $2.65 (176% above fair value)
  • GF Score™: 54/100 with 6 warning signs
  • Industry Position: 60% above the Chemicals median (#39 of 1567)

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


Dongyue Group Business Description

Other Exchanges 00189:Hong Kong4D3:Germany
Address Dongyue International Fluoro, Silicone Material Industry Park, Shandong Province, Zibo City, CHN, 256401
Dongyue Group Ltd is an investment holding company engaged in five operating segments; Fluoropolymers, Refrigerants, Organic silicon, Dichloromethane & liquid alkali, and Other operations include manufacturing and sales of side-products of the refrigerants segment, polymers segment, organic silicon segment, dichloromethane, PVC and liquid alkali segment, property development, and rental income. The company operates geographically in PRC, Asia (except PRC), America, Europe, Africa, and Oceania. it derives a majority of its revenue from the People's Republic of China.
54GF Score

Get the complete analysis for DNGYF

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

$2.65
Price
$0.96
GF Value