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Glorious Sun Enterprises (FRA:GLV) 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.
Glorious Sun Enterprises Piotroski F-Score Related Terms
Glorious Sun Enterprises Piotroski F-Score Historical Data
* 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:GLV vs VRSK, EFX, BAH: Piotroski F-Score Comparison
For the Consulting Services subindustry, Glorious Sun Enterprises'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.
Glorious Sun Enterprises Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Glorious Sun Enterprises's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Glorious Sun Enterprises'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.
Glorious Sun Enterprises's current Net Income (TTM) was 8.3.
==> 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.
Glorious Sun Enterprises's current Cash Flow from Operations (TTM) was 15.2.
==> 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.
Glorious Sun Enterprises's return on assets of this year was 0.01884711. Glorious Sun Enterprises's return on assets of last year was 0.02103927.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Glorious Sun Enterprises's gearing of this year was 0.00285757. Glorious Sun Enterprises's gearing of last year was 0.00430288.
==> 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
Glorious Sun Enterprises's current ratio of this year was 2.3228901. Glorious Sun Enterprises's current ratio of last year was 2.31633331.
==> 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.
Glorious Sun Enterprises's number of shares in issue this year was 1501.333. Glorious Sun Enterprises's number of shares in issue last year was 1511.876.
==> 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.
Glorious Sun Enterprises's gross margin of this year was 0.22865379. Glorious Sun Enterprises's gross margin of last year was 0.35428684.
==> 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
Glorious Sun Enterprises's asset turnover of this year was 0.24486164. Glorious Sun Enterprises's asset turnover of last year was 0.31197322.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
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Que. 6
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Que. 7
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Que. 9
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1
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1
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0
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1
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1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Glorious Sun Enterprises has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Glorious Sun Enterprises (FRA:GLV) has a Piotroski F-Score of 7 as of Sep. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Glorious Sun Enterprises and its competitors. This is near median its historical median of 7.00. Over the past decade, Glorious Sun Enterprises' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Glorious Sun Enterprises ranks #118 out of 1061 companies in the Business Services industry, placing it in the top 11.1%.
Is Glorious Sun Enterprises' Piotroski F-Score too high?
Glorious Sun Enterprises' 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 3.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Glorious Sun Enterprises' value of 7 is 40% above this industry median. Based on the distribution chart, Glorious Sun Enterprises ranks #118 out of 1061 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Glorious Sun Enterprises has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Glorious Sun Enterprises' Piotroski F-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Glorious Sun Enterprises ranks #118 out of 1061 companies for Piotroski F-Score. This places Glorious Sun Enterprises in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Glorious Sun Enterprises' value of 7 is 40% above this benchmark. Historically, Glorious Sun Enterprises' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Glorious Sun Enterprises 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,061 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. Glorious Sun Enterprises's current Piotroski F-Score of 7 is 40% 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 Glorious Sun Enterprises and its competitors. For the Business Services 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. Glorious Sun Enterprises'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 Glorious Sun Enterprises stock overvalued right now?
Glorious Sun Enterprises (FRA:GLV) has a current Piotroski F-Score of 7. The stock's GF Value™ is €0.11, compared to a current price of €0.13 — trading 19.1% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. Glorious Sun Enterprises' overall GF Score™ is 73/100 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 Glorious Sun Enterprises (FRA:GLV), the current Piotroski F-Score is 7 as of Sep. 08, 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 Glorious Sun Enterprises (FRA:GLV) Overvalued in 2026?
Based on GuruFocus' analysis, Glorious Sun Enterprises stock appears to be overvalued.
The current stock price of €0.13 is trading 19.1% above its estimated GF Value™ of €0.11.
Key valuation signals for FRA:GLV:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: €0.11 vs. price of €0.13 (19.1% above fair value)
Industry Position: 40% above the Business Services median (#118 of 1061)
No single metric tells the full story. See the FRA:GLV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glorious Sun Enterprises Ltd is an investment holding company engaged in financial investments, interior decoration and renovation, and export and retailing of casual wear. It is engaged in the business segments of Financial investments; Interior decoration and renovation; Export operations; Retail, franchise, and others. The interior decoration and renovation segment, which is the key revenue-generating segment, engages in the interior decoration and renovation, and the sale of the furniture business. The company derives revenue from Mainland China, Hong Kong, Australia and New Zealand, the U.S and Canada, and other countries.
73GF 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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