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CIG Shanghai CoHKSE:06166 -18.81%55 Piotroski F-Score is 6 as of Jul. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates HKSE:06166 with a GF Score™ of 55/100 and a GF Value™ of HK$26.93 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,427 Hardware companies, CIG Shanghai Co ranks better than 77.96% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CIG Shanghai Co 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 CIG Shanghai Co's Piotroski F-Score or its related term are showing as below:
HKSE:06166'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of CIG Shanghai Co was 7. The lowest was 1. And the median was 6.
CIG Shanghai Co (HKSE:06166) 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.
CIG Shanghai Co Piotroski F-Score Related Terms
CIG Shanghai Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CIG Shanghai Co'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.
HKSE:06166 vs CSCO, MSI, HPE: Piotroski F-Score Comparison
For the Communication Equipment subindustry, CIG Shanghai 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.
CIG Shanghai Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, CIG Shanghai Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CIG Shanghai 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 97.797 + 151.234 + 4.631 + 134.377 = HK$388 Mil. Cash Flow from Operations was -52.106 + -216.325 + -91.503 + -249.145 = HK$-609 Mil. Revenue was 1247.804 + 1447.77 + 1616.741 + 1461.033 = HK$5,773 Mil. Gross Profit was 292.441 + 355.823 + 333.934 + 428.509 = HK$1,411 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5689.966 + 6841.907 + 7730.13 + 13152.741 + 12778.467) / 5 = HK$9238.6422 Mil. Total Assets at the begining of this year (Mar25) was HK$5,690 Mil. Long-Term Debt & Capital Lease Obligation was HK$387 Mil. Total Current Assets was HK$9,531 Mil. Total Current Liabilities was HK$3,632 Mil.
Net Income was 58.186 + 78.982 + 15.954 + 33.704 = HK$187 Mil.
Revenue was 982.726 + 1102.657 + 948.306 + 958.082 = HK$3,992 Mil. Gross Profit was 223.695 + 231.639 + 182.623 + 193.496 = HK$831 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5666.682 + 5543.601 + 5296.249 + 5539.953 + 5689.966) / 5 = HK$5547.2902 Mil. Total Assets at the begining of last year (Mar24) was HK$5,667 Mil. Long-Term Debt & Capital Lease Obligation was HK$281 Mil. Total Current Assets was HK$3,960 Mil. Total Current Liabilities was HK$2,662 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.
CIG Shanghai Co's current Net Income (TTM) was 388.
==> 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.
CIG Shanghai Co's return on assets of this year was 0.06819707. CIG Shanghai Co's return on assets of last year was 0.0329692.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CIG Shanghai Co's gearing of this year was 0.04191644. CIG Shanghai Co's gearing of last year was 0.05064599.
==> 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
CIG Shanghai Co's current ratio of this year was 2.62421748. CIG Shanghai Co's current ratio of last year was 1.48786047.
==> 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.
CIG Shanghai Co's number of shares in issue this year was 348.026. CIG Shanghai Co's number of shares in issue last year was 261.947.
==> 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.
CIG Shanghai Co's gross margin of this year was 0.24434817. CIG Shanghai Co's gross margin of last year was 0.20829176.
==> 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
CIG Shanghai Co's asset turnover of this year was 1.01465422. CIG Shanghai Co's asset turnover of last year was 0.70442827.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CIG Shanghai Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
CIG Shanghai Co (HKSE:06166) has a Piotroski F-Score of 6 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CIG Shanghai Co and its competitors. This is near median its historical median of 6.00. Over the past decade, CIG Shanghai Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, CIG Shanghai Co ranks #535 out of 2427 companies in the Hardware industry, placing it in the top 22%.
Is CIG Shanghai Co's Piotroski F-Score too high?
CIG Shanghai 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 1.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. CIG Shanghai Co's value of 6 is 20% above this industry median. Based on the distribution chart, CIG Shanghai Co ranks #535 out of 2427 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, CIG Shanghai Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CIG Shanghai Co's Piotroski F-Score compare to CSCO and MSI?
According to the Hardware industry distribution chart, CIG Shanghai Co ranks #535 out of 2427 companies for Piotroski F-Score. This places CIG Shanghai Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CIG Shanghai Co's value of 6 is 20% above this benchmark. Historically, CIG Shanghai Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, CIG Shanghai 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. CIG Shanghai 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 CIG Shanghai Co 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. CIG Shanghai 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 CIG Shanghai Co stock overvalued right now?
Based on GuruFocus' analysis, CIG Shanghai Co (HKSE:06166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$26.93, compared to a current price of HK$72.30 — trading 168.5% above 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 Hardware industry median of 5.00. CIG Shanghai Co's overall GF Score™ is 55/100 with 7 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 CIG Shanghai Co (HKSE:06166), the current Piotroski F-Score is 6 as of Jul. 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 CIG Shanghai Co (HKSE:06166) Overvalued in 2026?
Based on GuruFocus' analysis, CIG Shanghai Co stock appears to be overvalued.
The current stock price of HK$72.30 is trading 168.5% above its estimated GF Value™ of HK$26.93.
GuruFocus considers CIG Shanghai Co to be Significantly Overvalued.
Key valuation signals for HKSE:06166:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: HK$26.93 vs. price of HK$72.30 (168.5% above fair value)
Industry Position: 20% above the Hardware median (#535 of 2427)
No single metric tells the full story. See the HKSE:06166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CIG Shanghai Co Ltd operates in the communications industry, and is engaged in the research and development, production, and sales of terminal equipment for telecommunications, data communication, and enterprise networks (including telecommunications broadband, wireless networks, small cells, switches, and basic hardware for industrial IoT), as well as high-speed optical module products.
55GF Score
Get the complete analysis for HKSE:06166
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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