Zhong An GroupFRA:35Z -20.00%43 Piotroski F-Score is 3 as of Jul. 06, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates FRA:35Z with a GF Score™ of 43/100. The stock has 8 warning signs investors should review. Among 1,755 Real Estate companies, Zhong An Group ranks worse than 81.48% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhong An Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Zhong An Group's Piotroski F-Score or its related term are showing as below:
FRA:35Z'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Zhong An Group was 8. The lowest was 3. And the median was 6.
Zhong An Group (FRA:35Z) 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.
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.
Zhong An Group Piotroski F-Score Related Terms
Zhong An Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zhong An 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.
Zhong An Group Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, Zhong An 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.
Zhong An Group Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Zhong An Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zhong An Group's Piotroski F-Score falls into.
* 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.
*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.
Zhong An Group's current Net Income (TTM) was -108.
==> 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.
Zhong An Group's return on assets of this year was -0.02099206. Zhong An Group's return on assets of last year was 0.0004189.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zhong An Group's gearing of this year was 0.17141949. Zhong An Group's gearing of last year was 0.09579206.
==> 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
Zhong An Group's current ratio of this year was 1.48824376. Zhong An Group's current ratio of last year was 1.27089113.
==> 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.
Zhong An Group's number of shares in issue this year was 5635.81. Zhong An Group's number of shares in issue last year was 5635.81.
==> 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.
Zhong An Group's gross margin of this year was 0.07273431. Zhong An Group's gross margin of last year was 0.16402602.
==> 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
Zhong An Group's asset turnover of this year was 0.20658604. Zhong An Group's asset turnover of last year was 0.2929288.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
0
+
0
+
0
+
1
+
0
+
1
+
1
+
0
+
0
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhong An Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Zhong An Group (FRA:35Z) has a Piotroski F-Score of 3 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhong An Group and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Zhong An Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Zhong An Group ranks #1430 out of 1755 companies in the Real Estate industry, placing it in the top 81.5%.
Is Zhong An Group's Piotroski F-Score too high?
Zhong An Group's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Zhong An Group's value of 3 is 40% below this industry median. Based on the distribution chart, Zhong An Group ranks #1430 out of 1755 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Zhong An Group has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Zhong An Group's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Zhong An Group ranks #1430 out of 1755 companies for Piotroski F-Score. This places Zhong An Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Zhong An Group's value of 3 is 40% below this benchmark. Historically, Zhong An Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Zhong An Group has consistently been below 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,755 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. Zhong An Group's current Piotroski F-Score of 3 is 40% below 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 Zhong An Group and its competitors. For the Real Estate 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. Zhong An Group's current Piotroski F-Score is 3, which is 50% below 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 Zhong An Group stock overvalued right now?
Zhong An Group (FRA:35Z) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Real Estate industry median of 5.00. Zhong An Group's overall GF Score™ is 43/100 with 8 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 Zhong An Group (FRA:35Z), the current Piotroski F-Score is 3 as of Jul. 06, 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.
Zhong An Group Ltd is an investment holding. It is engaged in property development, property leasing, and hotel operations. The operating segments of the group are the the Residential segment develops and sells residential properties, and provides property management services, project management services and other services to residential properties in Chinese Mainland and Canada; and the commercial segment develops and sells commercial properties, leases investment properties, owns and operates hotels and provides project management services and other services to commercial properties in Chinese Mainland, Japan and United Kingdom. It generates the majority of the revenue from the Residential segment.
43GF Score
Get the complete analysis for FRA:35Z
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:35Z has been successfully added to your 
