Delton Technology (Guangzhou) (FRA:VT4) Piotroski F-Score: 7 (As of Jun. 25, 2026) — Near Median


FRA:VT4 Delton Technology (Guangzhou) Inc FRA:VT4
53 GF Score
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! 8 Warning Signs
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What is Delton Technology (Guangzhou) Piotroski F-Score?

Delton Technology (Guangzhou) FRA:VT4 +0.70% 53 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:VT4 with a GF Score™ of 53/100. The stock has 8 warning signs investors should review. Among 2,424 Hardware companies, Delton Technology (Guangzhou) ranks better than 91.09% 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

Delton Technology (Guangzhou) 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 Delton Technology (Guangzhou)'s Piotroski F-Score or its related term are showing as below:

FRA:VT4' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 9 years, the highest Piotroski F-Score of Delton Technology (Guangzhou) was 8. The lowest was 5. And the median was 7.

Delton Technology (Guangzhou)  (FRA:VT4) 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.


Delton Technology (Guangzhou) Piotroski F-Score Related Terms


Delton Technology (Guangzhou) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Delton Technology (Guangzhou)'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.

Delton Technology (Guangzhou) Piotroski F-Score Chart

Delton Technology (Guangzhou) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only N/A 7.00 8.00 7.00 5.00

Delton Technology (Guangzhou) Quarterly Data
Jun20 Dec20 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 5.00 6.00 6.00 5.00 7.00

FRA:VT4 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Delton Technology (Guangzhou)'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.


Delton Technology (Guangzhou) Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Delton Technology (Guangzhou)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Delton Technology (Guangzhou)'s Piotroski F-Score falls into.


FRA:VT4
53GF Score
Delton Technology (Guangzhou) Inc FRA:VT4
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 30.333 + 27.776 + 35.402 + 49.268 = €142.8 Mil.
Cash Flow from Operations was 29.258 + 36.653 + 32.983 + 40.165 = €139.1 Mil.
Revenue was 157.907 + 168.687 + 200.095 + 240.215 = €766.9 Mil.
Gross Profit was 59.15 + 54.25 + 66.95 + 88.718 = €269.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(727.812 + 757.566 + 809.925 + 914.489 + 1440.395) / 5 = €930.0374 Mil.
Total Assets at the begining of this year (Mar25) was €727.8 Mil.
Long-Term Debt & Capital Lease Obligation was €48.1 Mil.
Total Current Assets was €851.8 Mil.
Total Current Liabilities was €458.8 Mil.
Net Income was 22.32 + 22.042 + 24.083 + 30.671 = €99.1 Mil.

Revenue was 117.968 + 124.158 + 138.203 + 142.526 = €522.9 Mil.
Gross Profit was 40.394 + 39.093 + 46.405 + 50.157 = €176.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(574.049 + 604.291 + 652.11 + 745.793 + 727.812) / 5 = €660.811 Mil.
Total Assets at the begining of last year (Mar24) was €574.0 Mil.
Long-Term Debt & Capital Lease Obligation was €28.1 Mil.
Total Current Assets was €339.7 Mil.
Total Current Liabilities was €245.0 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.

Delton Technology (Guangzhou)'s current Net Income (TTM) was 142.8. ==> 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.

Delton Technology (Guangzhou)'s current Cash Flow from Operations (TTM) was 139.1. ==> 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 (Mar25)
=142.779/727.812
=0.19617566

ROA (Last Year)=Net Income/Total Assets (Mar24)
=99.116/574.049
=0.17266122

Delton Technology (Guangzhou)'s return on assets of this year was 0.19617566. Delton Technology (Guangzhou)'s return on assets of last year was 0.17266122. ==> 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.

Delton Technology (Guangzhou)'s current Net Income (TTM) was 142.8. Delton Technology (Guangzhou)'s current Cash Flow from Operations (TTM) was 139.1. ==> 139.1 <= 142.8 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=48.096/930.0374
=0.05171405

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=28.091/660.811
=0.04250989

Delton Technology (Guangzhou)'s gearing of this year was 0.05171405. Delton Technology (Guangzhou)'s gearing of last year was 0.04250989. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=851.831/458.783
=1.85671875

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=339.709/244.959
=1.38679942

Delton Technology (Guangzhou)'s current ratio of this year was 1.85671875. Delton Technology (Guangzhou)'s current ratio of last year was 1.38679942. ==> 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.

Delton Technology (Guangzhou)'s number of shares in issue this year was 422.101. Delton Technology (Guangzhou)'s number of shares in issue last year was 439.919. ==> 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
=269.068/766.904
=0.35084965

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=176.049/522.855
=0.33670712

Delton Technology (Guangzhou)'s gross margin of this year was 0.35084965. Delton Technology (Guangzhou)'s gross margin of last year was 0.33670712. ==> 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 (Mar25)
=766.904/727.812
=1.05371167

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=522.855/574.049
=0.91081946

Delton Technology (Guangzhou)'s asset turnover of this year was 1.05371167. Delton Technology (Guangzhou)'s asset turnover of last year was 0.91081946. ==> 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+0+1+1+1+1
=7

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

Delton Technology (Guangzhou) 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?
Delton Technology (Guangzhou) (FRA:VT4) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Delton Technology (Guangzhou) and its competitors. This is near median its historical median of 7.00. Over the past decade, Delton Technology (Guangzhou)'s Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Delton Technology (Guangzhou) ranks #216 out of 2424 companies in the Hardware industry, placing it in the top 8.9%.
Is Delton Technology (Guangzhou)'s Piotroski F-Score too high?
Delton Technology (Guangzhou)'s 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 5.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Delton Technology (Guangzhou)'s value of 7 is 40% above this industry median. Based on the distribution chart, Delton Technology (Guangzhou) ranks #216 out of 2424 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Delton Technology (Guangzhou) has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Delton Technology (Guangzhou)'s Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Delton Technology (Guangzhou) ranks #216 out of 2424 companies for Piotroski F-Score. This places Delton Technology (Guangzhou) in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Delton Technology (Guangzhou)'s value of 7 is 40% above this benchmark. Historically, Delton Technology (Guangzhou)'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, Delton Technology (Guangzhou) 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,424 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. Delton Technology (Guangzhou)'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 Delton Technology (Guangzhou) and its competitors. For the Hardware 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. Delton Technology (Guangzhou)'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 Delton Technology (Guangzhou) stock overvalued right now?
Delton Technology (Guangzhou) (FRA:VT4) 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 40% above the Hardware industry median of 5.00. Delton Technology (Guangzhou)'s overall GF Score™ is 53/100 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 Delton Technology (Guangzhou) (FRA:VT4), the current Piotroski F-Score is 7 as of Jun. 25, 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.

Delton Technology (Guangzhou) Business Description

Other Exchanges 01989:Hong Kong001389:China
Address No. 22 Baoying South Road, Bonded Zone, Guangdong Province, Guangzhou, CHN, 510730
Delton Technology (Guangzhou) Inc is engaged in research & development, production and sales of printed circuit boards. Its products are mainly used in data center, cloud computing, industrial Internet, artificial intelligence, 5G communication, automotive electronics, security and printing and other terminal fields. The company's geographical segments are the Chinese mainland and the Outside Chinese mainland, with the majority of the revenue derived from the Outside Chinese mainland segment. Its core products include Data Center PCB, AI server PCB, 5G communication PCB, and Application terminal product PCB.
53GF Score

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