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China Electronics Huada Technology Co (HKSE:00085) 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 Electronics Huada Technology Co Piotroski F-Score Related Terms
China Electronics Huada Technology Co 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.
China Electronics Huada Technology Co Piotroski F-Score Chart
HKSE:00085 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, China Electronics Huada Technology Co'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 Electronics Huada Technology Co Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Electronics Huada Technology Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Electronics Huada Technology Co'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 Electronics Huada Technology Co's current Net Income (TTM) was 235.
==> 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 Electronics Huada Technology Co's current Cash Flow from Operations (TTM) was 305.
==> 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 Electronics Huada Technology Co's return on assets of this year was 0.05638619. China Electronics Huada Technology Co's return on assets of last year was 0.13578231.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Electronics Huada Technology Co's gearing of this year was 0.00065119. China Electronics Huada Technology Co's gearing of last year was 0.00322464.
==> 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
China Electronics Huada Technology Co's current ratio of this year was 2.45768338. China Electronics Huada Technology Co's current ratio of last year was 2.01348453.
==> 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 Electronics Huada Technology Co's number of shares in issue this year was 2029.872. China Electronics Huada Technology Co's number of shares in issue last year was 2029.872.
==> 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 Electronics Huada Technology Co's gross margin of this year was 0.38367753. China Electronics Huada Technology Co's gross margin of last year was 0.48317187.
==> 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
China Electronics Huada Technology Co's asset turnover of this year was 0.52255977. China Electronics Huada Technology Co's asset turnover of last year was 0.5428935.
==> 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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1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Electronics Huada Technology Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
China Electronics Huada Technology Co (HKSE:00085) has a Piotroski F-Score of 6 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Electronics Huada Technology Co and its competitors. This is near median its historical median of 6.00. Over the past decade, China Electronics Huada Technology Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, China Electronics Huada Technology Co ranks #244 out of 982 companies in the Semiconductors industry, placing it in the top 24.8%.
Is China Electronics Huada Technology Co's Piotroski F-Score too high?
China Electronics Huada Technology Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. China Electronics Huada Technology Co's value of 6 is 20% above this industry median. Based on the distribution chart, China Electronics Huada Technology Co ranks #244 out of 982 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, China Electronics Huada Technology Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Electronics Huada Technology Co's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Electronics Huada Technology Co ranks #244 out of 982 companies for Piotroski F-Score. This places China Electronics Huada Technology Co in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. China Electronics Huada Technology Co's value of 6 is 20% above this benchmark. Historically, China Electronics Huada Technology Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, China Electronics Huada Technology Co 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 982 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 Electronics Huada Technology Co's current Piotroski F-Score of 6 is 20% 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 Electronics Huada Technology Co and its competitors. For the Semiconductors 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 Electronics Huada Technology Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Electronics Huada Technology Co stock overvalued right now?
Based on GuruFocus' analysis, China Electronics Huada Technology Co (HKSE:00085) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.14, compared to a current price of HK$0.89 — trading 21.9% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Semiconductors industry median of 5.00. China Electronics Huada Technology Co's overall GF Score™ is 68/100 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 China Electronics Huada Technology Co (HKSE:00085), the current Piotroski F-Score is 6 as of Aug. 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.
Is China Electronics Huada Technology Co (HKSE:00085) Overvalued in 2026?
Based on GuruFocus' analysis, China Electronics Huada Technology Co stock appears to be undervalued.
The current stock price of HK$0.89 is trading 21.9% below its estimated GF Value™ of HK$1.14.
GuruFocus considers China Electronics Huada Technology Co to be Modestly Undervalued.
Key valuation signals for HKSE:00085:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: HK$1.14 vs. price of HK$0.89 (21.9% below fair value)
Industry Position: 20% above the Semiconductors median (#244 of 982)
No single metric tells the full story. See the HKSE:00085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Electronics Huada Technology Co Ltd is an investment holding company. The principal activities of the Group are the design and sale of integrated circuit chips. The Group's integrated circuits design business comprises the design of smart cards and secure element chips and the development of application systems. Its products are mainly used in the sectors of identity authentication, financial payment, government utilities, telecommunications, Internet of Things and Internet of Vehicles. Its segment is sale of integrated circuit products and provision of services. The Group generates revenue from Mainland China.
68GF Score
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