Churchill ChinaFRA:EQW 73 Piotroski F-Score is 5 as of Jun. 30, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates FRA:EQW with a GF Score™ of 73/100 and a GF Value™ of €10.85. The stock has 4 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Churchill China ranks better than 59.06% 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
Churchill China has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Churchill China's Piotroski F-Score or its related term are showing as below:
FRA:EQW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Churchill China was 8. The lowest was 5. And the median was 7.
Churchill China (FRA:EQW) 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.
Churchill China Piotroski F-Score Related Terms
Churchill China Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Churchill China'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.
FRA:EQW vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Churchill China'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.
Churchill China Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Churchill China's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Churchill China'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.
Churchill China's current Net Income (TTM) was 4.99.
==> 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.
Churchill China's return on assets of this year was 0.05220068. Churchill China's return on assets of last year was 0.08219339.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Churchill China's gearing of this year was 0.03023186. Churchill China's gearing of last year was 0.0070259.
==> 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
Churchill China's current ratio of this year was 4.34322387. Churchill China's current ratio of last year was 3.96322153.
==> 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.
Churchill China's number of shares in issue this year was 10.998. Churchill China's number of shares in issue last year was 10.998.
==> 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.
Churchill China's gross margin of this year was 1. Churchill China's gross margin of last year was 1.
==> 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
Churchill China's asset turnover of this year was 0.91296746. Churchill China's asset turnover of last year was 1.01080225.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Churchill China has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Churchill China (FRA:EQW) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Churchill China and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Churchill China's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Churchill China ranks #174 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.9%.
Is Churchill China's Piotroski F-Score too high?
Churchill China's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Churchill China's value of 5 is 0% at this industry median. Based on the distribution chart, Churchill China ranks #174 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Churchill China has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Churchill China's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Churchill China ranks #174 out of 425 companies for Piotroski F-Score. This puts Churchill China in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Churchill China's value of 5 is 0% at this benchmark. Historically, Churchill China's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Churchill China has consistently been at 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 425 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. Churchill China's current Piotroski F-Score of 5 is 0% at 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 Churchill China and its competitors. For the Furnishings, Fixtures & Appliances 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. Churchill China's current Piotroski F-Score is 5, which is 29% below 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 Churchill China stock overvalued right now?
Churchill China (FRA:EQW) has a current Piotroski F-Score of 5. The stock's GF Value™ is €10.85, compared to a current price of €3.76 — trading 65.3% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Furnishings, Fixtures & Appliances industry median of 5.00. Churchill China's overall GF Score™ is 73/100 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 Churchill China (FRA:EQW), the current Piotroski F-Score is 5 as of Jun. 30, 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 Churchill China (FRA:EQW) Overvalued in 2026?
Based on GuruFocus' analysis, Churchill China stock appears to be undervalued.
The current stock price of €3.76 is trading 65.3% below its estimated GF Value™ of €10.85.
Key valuation signals for FRA:EQW:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: €10.85 vs. price of €3.76 (65.3% below fair value)
Industry Position: 0% at the Furnishings, Fixtures & Appliances median (#174 of 425)
No single metric tells the full story. See the FRA:EQW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Churchill China PLC is a British pottery manufacturer. It is a manufacturer and distributor of tabletop products. Its customers include the pub, restaurant and hotel chains, sports and conference venues, health and education establishments and contract caterers. Its segments include Ceramics, the sale of ceramic tableware and complimentary items, and Materials, the sale of materials for the production of ceramics, to the tableware industry, majority of its revenue is generated from Ceramics segment. The company operates in the UK, Rest of Europe, USA and Rest of the World.
73GF Score
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