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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Environmental Technology and Bioenergy Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
China Environmental Technology and Bioenergy Holdings (HKSE:01237) 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 Environmental Technology and Bioenergy Holdings Piotroski F-Score Related Terms
China Environmental Technology and Bioenergy Holdings 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 Environmental Technology and Bioenergy Holdings Piotroski F-Score Chart
China Environmental Technology and Bioenergy Holdings Annual Data
HKSE:01237 vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, China Environmental Technology and Bioenergy Holdings'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 Environmental Technology and Bioenergy Holdings Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
* 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 Environmental Technology and Bioenergy Holdings's current Net Income (TTM) was 49.4.
==> 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 Environmental Technology and Bioenergy Holdings's current Cash Flow from Operations (TTM) was 25.5.
==> 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 Environmental Technology and Bioenergy Holdings's return on assets of this year was 0.03819869. China Environmental Technology and Bioenergy Holdings's return on assets of last year was 0.0027608.
==> 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 Environmental Technology and Bioenergy Holdings's gearing of this year was 0.11787029. China Environmental Technology and Bioenergy Holdings's gearing of last year was 0.10474162.
==> 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 Environmental Technology and Bioenergy Holdings's current ratio of this year was 2.884358. China Environmental Technology and Bioenergy Holdings's current ratio of last year was 3.65441216.
==> Last year's current ratio is higher ==> Score 0.
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 Environmental Technology and Bioenergy Holdings's number of shares in issue this year was 93.783. China Environmental Technology and Bioenergy Holdings's number of shares in issue last year was 92.137.
==> There is larger number of shares in issue this year. ==> Score 0.
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 Environmental Technology and Bioenergy Holdings's gross margin of this year was 0.07300149. China Environmental Technology and Bioenergy Holdings's gross margin of last year was 0.12138611.
==> 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 Environmental Technology and Bioenergy Holdings's asset turnover of this year was 0.40979542. China Environmental Technology and Bioenergy Holdings's asset turnover of last year was 0.37909146.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Environmental Technology and Bioenergy Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
China Environmental Technology and Bioenergy Holdings (HKSE:01237) has a Piotroski F-Score of 4 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Environmental Technology and Bioenergy Holdings and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, China Environmental Technology and Bioenergy Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, China Environmental Technology and Bioenergy Holdings ranks #249 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 58.5%.
Is China Environmental Technology and Bioenergy Holdings' Piotroski F-Score too high?
China Environmental Technology and Bioenergy Holdings' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. China Environmental Technology and Bioenergy Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, China Environmental Technology and Bioenergy Holdings ranks #249 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, China Environmental Technology and Bioenergy Holdings has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Environmental Technology and Bioenergy Holdings' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, China Environmental Technology and Bioenergy Holdings ranks #249 out of 426 companies for Piotroski F-Score. This places China Environmental Technology and Bioenergy Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. China Environmental Technology and Bioenergy Holdings' value of 4 is 20% below this benchmark. Historically, China Environmental Technology and Bioenergy Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, China Environmental Technology and Bioenergy Holdings has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 426 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 Environmental Technology and Bioenergy Holdings's current Piotroski F-Score of 4 is 20% below 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 Environmental Technology and Bioenergy Holdings and its competitors. For the Furnishings, Fixtures & Appliances 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 Environmental Technology and Bioenergy Holdings's current Piotroski F-Score is 4, which is 20% below 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 China Environmental Technology and Bioenergy Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Environmental Technology and Bioenergy Holdings (HKSE:01237) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.52, compared to a current price of HK$0.68 — trading 30.8% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Furnishings, Fixtures & Appliances industry median of 5.00. China Environmental Technology and Bioenergy Holdings' overall GF Score™ is 27/100 with 5 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 Environmental Technology and Bioenergy Holdings (HKSE:01237), the current Piotroski F-Score is 4 as of Aug. 09, 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 Environmental Technology and Bioenergy Holdings (HKSE:01237) Overvalued in 2026?
Based on GuruFocus' analysis, China Environmental Technology and Bioenergy Holdings stock appears to be overvalued.
The current stock price of HK$0.68 is trading 30.8% above its estimated GF Value™ of HK$0.52.
GuruFocus considers China Environmental Technology and Bioenergy Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01237:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: HK$0.52 vs. price of HK$0.68 (30.8% above fair value)
Industry Position: 20% below the Furnishings, Fixtures & Appliances median (#249 of 426)
No single metric tells the full story. See the HKSE:01237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Environmental Technology and Bioenergy Holdings Ltd is engaged in manufacturing and sales of wooden products and manufacturing and sales of renewable energy products. Its renewable energy business focuses on the recycling of leftover sawdust from the production of wooden products into biomass pellet fuel. Its segments include the manufacturing and sales of outdoor wooden products, and manufacturing and sales of renewable energy products. It derives the majority of revenue from the manufacturing and sales of outdoor wooden products. Geographically, it operates in The People's Republic of China, Australasia, North America, Europe, and Asia Pacific (exclusive of the PRC) with majority of revenue deriving from Australasia.
27GF 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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