China Automotive SystemsHAM:2IW 78 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates HAM:2IW with a GF Score™ of 78/100 and a GF Value™ of €4.68. The stock has 3 warning signs investors should review. Among 1,287 Vehicles & Parts companies, China Automotive Systems ranks better than 97.75% 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
China Automotive Systems 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 China Automotive Systems's Piotroski F-Score or its related term are showing as below:
HAM:2IW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of China Automotive Systems was 8. The lowest was 4. And the median was 7.
China Automotive Systems (HAM:2IW) 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.
China Automotive Systems Piotroski F-Score Related Terms
China Automotive Systems 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.
HAM:2IW vs SCTH, INVZ, CVGI: Piotroski F-Score Comparison
For the Auto Parts subindustry, China Automotive Systems'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.
China Automotive Systems Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, China Automotive Systems's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Automotive Systems'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.
China Automotive Systems's current Net Income (TTM) was 37.2.
==> 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.
China Automotive Systems's current Cash Flow from Operations (TTM) was 43.6.
==> 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.
China Automotive Systems's return on assets of this year was 0.04575756. China Automotive Systems's return on assets of last year was 0.03963718.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Automotive Systems's gearing of this year was 0.00610345. China Automotive Systems's gearing of last year was 0.00018647.
==> 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
China Automotive Systems's current ratio of this year was 1.36336996. China Automotive Systems's current ratio of last year was 1.32017938.
==> 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.
China Automotive Systems's number of shares in issue this year was 30.171. China Automotive Systems's number of shares in issue last year was 30.181.
==> 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.
China Automotive Systems's gross margin of this year was 0.18958166. China Automotive Systems's gross margin of last year was 0.16768388.
==> 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
China Automotive Systems's asset turnover of this year was 0.82199253. China Automotive Systems's asset turnover of last year was 0.85906591.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Automotive Systems has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
China Automotive Systems (HAM:2IW) 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 China Automotive Systems and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, China Automotive Systems' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, China Automotive Systems ranks #29 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 2.3%.
Is China Automotive Systems' Piotroski F-Score too high?
China Automotive Systems' current Piotroski F-Score of 8 is 14% above 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. China Automotive Systems' value of 8 is 60% above this industry median. Based on the distribution chart, China Automotive Systems ranks #29 out of 1287 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, China Automotive Systems has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does China Automotive Systems' Piotroski F-Score compare to SCTH and INVZ?
According to the Vehicles & Parts industry distribution chart, China Automotive Systems ranks #29 out of 1287 companies for Piotroski F-Score. This places China Automotive Systems in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China Automotive Systems' value of 8 is 60% above this benchmark. Historically, China Automotive Systems' 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 5.00, China Automotive Systems 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. China Automotive Systems'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 China Automotive Systems and its competitors. For the Vehicles & Parts 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. China Automotive Systems's current Piotroski F-Score is 8, which is 14% above 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 China Automotive Systems stock overvalued right now?
China Automotive Systems (HAM:2IW) has a current Piotroski F-Score of 8. The stock's GF Value™ is €4.68, compared to a current price of €3.98 — trading 15.1% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Vehicles & Parts industry median of 5.00. China Automotive Systems' overall GF Score™ is 78/100 with 3 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 China Automotive Systems (HAM:2IW), 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 China Automotive Systems (HAM:2IW) Overvalued in 2026?
Based on GuruFocus' analysis, China Automotive Systems stock appears to be undervalued.
The current stock price of €3.98 is trading 15.1% below its estimated GF Value™ of €4.68.
Key valuation signals for HAM:2IW:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: €4.68 vs. price of €3.98 (15.1% below fair value)
Industry Position: 60% above the Vehicles & Parts median (#29 of 1287)
No single metric tells the full story. See the HAM:2IW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Automotive Systems Inc is a holding company. The firm, through its subsidiary, is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series of power steering models, including rack and pinion power steering, integral power steering, electronic power steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.
78GF Score
Get the complete analysis for HAM:2IW
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