Sunlands Technology Group (FRA:S790) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 60% Above Median


FRA:S790 Sunlands Technology Group FRA:S790
59 GF Score
Price €3.76
GF Value €5.49
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Sunlands Technology Group Piotroski F-Score?

Sunlands Technology Group FRA:S790 +5.62% 59 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates FRA:S790 with a GF Score™ of 59/100 and a GF Value™ of €5.49 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 254 Education companies, Sunlands Technology Group ranks better than 99.21% 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

Sunlands Technology Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

FRA:S790' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of Sunlands Technology Group was 8. The lowest was 1. And the median was 5.

Sunlands Technology Group  (FRA:S790) 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.


Sunlands Technology Group Piotroski F-Score Related Terms


Sunlands Technology Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sunlands Technology 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.

Sunlands Technology Group Piotroski F-Score Chart

Sunlands Technology 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 5.00 7.00 7.00 5.00 8.00

Sunlands Technology Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 8.00 0.00

FRA:S790 vs JDZG, SKIL, AACG: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Sunlands Technology 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.


Sunlands Technology Group Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Sunlands Technology Group's Piotroski F-Score distribution charts can be found below:

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


FRA:S790
59GF Score
Sunlands Technology Group FRA:S790
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 €44.3 Mil.
Cash Flow from Operations was €17.8 Mil.
Revenue was €244.9 Mil.
Gross Profit was €212.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (278.23 + 248.229) / 2 = €263.2295 Mil.
Total Assets at the begining of this year (Dec24) was €278.2 Mil.
Long-Term Debt & Capital Lease Obligation was €15.7 Mil.
Total Current Assets was €111.2 Mil.
Total Current Liabilities was €92.1 Mil.
Net Income was €44.9 Mil.

Revenue was €261.1 Mil.
Gross Profit was €219.4 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (272.075 + 278.23) / 2 = €275.1525 Mil.
Total Assets at the begining of last year (Dec23) was €272.1 Mil.
Long-Term Debt & Capital Lease Obligation was €22.6 Mil.
Total Current Assets was €116.0 Mil.
Total Current Liabilities was €105.1 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.

Sunlands Technology Group's current Net Income (TTM) was 44.3. ==> 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.

Sunlands Technology Group's current Cash Flow from Operations (TTM) was 17.8. ==> 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)
=44.333/278.23
=0.1593394

ROA (Last Year)=Net Income/Total Assets (Dec23)
=44.87/272.075
=0.16491776

Sunlands Technology Group's return on assets of this year was 0.1593394. Sunlands Technology Group's return on assets of last year was 0.16491776. ==> Last year is higher ==> Score 0.

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.

Sunlands Technology Group's current Net Income (TTM) was 44.3. Sunlands Technology Group's current Cash Flow from Operations (TTM) was 17.8. ==> 17.8 <= 44.3 ==> 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
=15.71/263.2295
=0.05968176

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=22.617/275.1525
=0.08219805

Sunlands Technology Group's gearing of this year was 0.05968176. Sunlands Technology Group's gearing of last year was 0.08219805. ==> 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
=111.235/92.084
=1.20797315

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=115.994/105.116
=1.10348567

Sunlands Technology Group's current ratio of this year was 1.20797315. Sunlands Technology Group's current ratio of last year was 1.10348567. ==> 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.

Sunlands Technology Group's number of shares in issue this year was 13.473. Sunlands Technology Group's number of shares in issue last year was 13.65. ==> 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
=212.852/244.914
=0.86908874

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=219.397/261.052
=0.84043409

Sunlands Technology Group's gross margin of this year was 0.86908874. Sunlands Technology Group's gross margin of last year was 0.84043409. ==> 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)
=244.914/278.23
=0.88025734

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=261.052/272.075
=0.95948544

Sunlands Technology Group's asset turnover of this year was 0.88025734. Sunlands Technology Group's asset turnover of last year was 0.95948544. ==> 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
=1+1+0+0+1+1+1+1+0
=6

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

Sunlands Technology Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Sunlands Technology Group (FRA:S790) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunlands Technology Group and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Sunlands Technology Group's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Sunlands Technology Group ranks #2 out of 254 companies in the Education industry, placing it in the top 0.8%.
Is Sunlands Technology Group's Piotroski F-Score too high?
Sunlands Technology Group's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Sunlands Technology Group's value of 8 is 60% above this industry median. Based on the distribution chart, Sunlands Technology Group ranks #2 out of 254 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Sunlands Technology Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sunlands Technology Group's Piotroski F-Score compare to JDZG and SKIL?
According to the Education industry distribution chart, Sunlands Technology Group ranks #2 out of 254 companies for Piotroski F-Score. This places Sunlands Technology Group in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sunlands Technology Group's value of 8 is 60% above this benchmark. Historically, Sunlands Technology Group's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sunlands Technology 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. Sunlands Technology 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 Sunlands Technology Group and its competitors. For the Education 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. Sunlands Technology Group's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunlands Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Sunlands Technology Group (FRA:S790) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.49, compared to a current price of €3.76 — trading 31.5% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Education industry median of 5.00. Sunlands Technology Group's overall GF Score™ is 59/100 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 Sunlands Technology Group (FRA:S790), the current Piotroski F-Score is 8 as of Jun. 28, 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 Sunlands Technology Group (FRA:S790) Overvalued in 2026?

Based on GuruFocus' analysis, Sunlands Technology Group stock appears to be undervalued. The current stock price of €3.76 is trading 31.5% below its estimated GF Value™ of €5.49. GuruFocus considers Sunlands Technology Group to be Modestly Undervalued.

Key valuation signals for FRA:S790:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €5.49 vs. price of €3.76 (31.5% below fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 60% above the Education median (#2 of 254)

No single metric tells the full story. See the FRA:S790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunlands Technology Group Business Description

Other Exchanges STG:USAS790:Germany
Address No. 36 Chuangyuan Road, Building 6, Chaolai Science Park, Chaoyang District, Beijing, CHN, 100012
Sunlands Technology Group operates in China's adult online education market and adult personal interest learning market through its online platforms. The Group has a deep understanding of the educational needs of its prospective students and offers solutions to help them achieve their goals. It provides online professional courses and educational content, including interest, professional skills, professional certification preparation courses, and degree- or diploma-oriented post-secondary courses. The Group adopts a counseling-oriented sales and marketing approach to offer education solutions based on students' backgrounds and goals, delivering adult online education and personal interest learning through extensive course and content offerings.
59GF Score

Get the complete analysis for FRA:S790

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

€3.76
Price
€5.49
GF Value