Guming Holdings (FRA:AY3) Piotroski F-Score: 7 (As of Sep. 18, 2026) — Near Median

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FRA:AY3 Guming Holdings Ltd FRA:AY3
30 GF Score
Price €2.38
! 2 Warning Signs
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What is Guming Holdings Piotroski F-Score?

Guming Holdings FRA:AY3 -0.83% 30 Piotroski F-Score is 7 as of Sep. 18, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:AY3 with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 356 Restaurants companies, Guming Holdings ranks better than 84.55% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Guming Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Guming Holdings's Piotroski F-Score or its related term are showing as below:

FRA:AY3' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 5 years, the highest Piotroski F-Score of Guming Holdings was 8. The lowest was 4. And the median was 7.

Guming Holdings  (FRA:AY3) 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.


Guming Holdings Piotroski F-Score Related Terms


Guming Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Guming 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.

Guming Holdings Piotroski F-Score Chart

Guming Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
0.00 6.00 8.00 4.00 7.00

Guming Holdings Semi-Annual Data
Dec22 Dec23 Dec24 Jun25 Dec25
Piotroski F-Score 0.00 0.00 0.00 0.00 0.00

FRA:AY3 vs MCD, SBUX, CMG: Piotroski F-Score Comparison

For the Restaurants subindustry, Guming 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.


Guming Holdings Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Guming Holdings's Piotroski F-Score distribution charts can be found below:

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


FRA:AY3
30GF Score
Guming Holdings Ltd FRA:AY3
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 €383 Mil.
Cash Flow from Operations was €310 Mil.
Revenue was €1,592 Mil.
Gross Profit was €525 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (909.53895222472 + 2028.738732253) / 2 = €1469.1388422389 Mil.
Total Assets at the begining of this year (Dec24) was €910 Mil.
Long-Term Debt & Capital Lease Obligation was €17 Mil.
Total Current Assets was €1,774 Mil.
Total Current Liabilities was €1,281 Mil.
Net Income was €190 Mil.

Revenue was €1,129 Mil.
Gross Profit was €345 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (657.7312666395 + 909.53895222472) / 2 = €783.63510943211 Mil.
Total Assets at the begining of last year (Dec23) was €658 Mil.
Long-Term Debt & Capital Lease Obligation was €16 Mil.
Total Current Assets was €643 Mil.
Total Current Liabilities was €589 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.

Guming Holdings's current Net Income (TTM) was 383. ==> 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.

Guming Holdings's current Cash Flow from Operations (TTM) was 310. ==> 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)
=383.23971171687/909.53895222472
=0.42135602

ROA (Last Year)=Net Income/Total Assets (Dec23)
=189.92396690788/657.7312666395
=0.28875618

Guming Holdings's return on assets of this year was 0.42135602. Guming Holdings's return on assets of last year was 0.28875618. ==> 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.

Guming Holdings's current Net Income (TTM) was 383. Guming Holdings's current Cash Flow from Operations (TTM) was 310. ==> 310 <= 383 ==> 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 Dec24 to Dec25
=16.978804421409/1469.1388422389
=0.01155698

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=16.039562216039/783.63510943211
=0.02046815

Guming Holdings's gearing of this year was 0.01155698. Guming Holdings's gearing of last year was 0.02046815. ==> 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
=1774.289509334/1280.8168475072
=1.38527965

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=642.94852330111/589.0537261284
=1.09149386

Guming Holdings's current ratio of this year was 1.38527965. Guming Holdings's current ratio of last year was 1.09149386. ==> 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.

Guming Holdings's number of shares in issue this year was 2378.186. Guming Holdings's number of shares in issue last year was 2332.525. ==> 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
=525.34352328435/1591.7926000032
=0.33003265

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=345.18662070275/1129.3074811925
=0.30566221

Guming Holdings's gross margin of this year was 0.33003265. Guming Holdings's gross margin of last year was 0.30566221. ==> 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)
=1591.7926000032/909.53895222472
=1.75010932

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1129.3074811925/657.7312666395
=1.716974

Guming Holdings's asset turnover of this year was 1.75010932. Guming Holdings's asset turnover of last year was 1.716974. ==> 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+0+1+1+0+1+1
=7

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

Guming Holdings has an F-score of 7. 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 7 mean?
Guming Holdings (FRA:AY3) has a Piotroski F-Score of 7 as of Sep. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Guming Holdings and its competitors. This is near median its historical median of 7.00. Over the past decade, Guming Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Guming Holdings ranks #55 out of 356 companies in the Restaurants industry, placing it in the top 15.4%.
Is Guming Holdings' Piotroski F-Score too high?
Guming Holdings' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 6.00. Guming Holdings' value of 7 is 16.7% above this industry median. Based on the distribution chart, Guming Holdings ranks #55 out of 356 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Guming Holdings has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Guming Holdings' Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Guming Holdings ranks #55 out of 356 companies for Piotroski F-Score. This places Guming Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Guming Holdings' value of 7 is 16.7% above this benchmark. Historically, Guming Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Guming 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 6.00, based on 356 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. Guming Holdings's current Piotroski F-Score of 7 is 16.7% 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 Guming Holdings and its competitors. For the Restaurants industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guming Holdings's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guming Holdings stock overvalued right now?
Guming Holdings (FRA:AY3) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Restaurants industry median of 6.00. Guming Holdings' overall GF Score™ is 30/100 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 Guming Holdings (FRA:AY3), the current Piotroski F-Score is 7 as of Sep. 18, 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.

Guming Holdings Business Description

Other Exchanges 01364:Hong Kong
Address 618 Boxue Road, 5th Floor, Tower A, Science and Technology Innovation Center, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 310000
Guming Holdings Ltd is a company in China. It operates under a franchise model under the Good Me brand. The Good Me stores offer three categories of beverages: Fruit tea beverages, Milk tea beverages, Coffee beverages, and others. It is principally engaged in the operation of a franchised retail network and the trading of ingredients and other related products of freshly-made beverages and equipment. The geographic revenue is generated from Chinese mainland.
30GF Score

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

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