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JiaXing Gas Group CoHKSE:09908 +2.11%80 Piotroski F-Score is 5 as of Aug. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HKSE:09908 with a GF Score™ of 80/100 and a GF Value™ of HK$7.24 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 496 Utilities - Regulated companies, JiaXing Gas Group Co ranks worse than 54.84% 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
JiaXing Gas Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for JiaXing Gas Group Co's Piotroski F-Score or its related term are showing as below:
HKSE:09908'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 5
During the past 9 years, the highest Piotroski F-Score of JiaXing Gas Group Co was 8. The lowest was 4. And the median was 6.
JiaXing Gas Group Co (HKSE:09908) 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.
JiaXing Gas Group Co Piotroski F-Score Related Terms
JiaXing Gas Group Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for JiaXing Gas Group 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:09908 vs ATO, NI: Piotroski F-Score Comparison
For the Utilities - Regulated Gas subindustry, JiaXing Gas Group 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.
JiaXing Gas Group Co Piotroski F-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where JiaXing Gas Group 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.
JiaXing Gas Group Co's current Net Income (TTM) was 167.
==> 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.
JiaXing Gas Group Co's return on assets of this year was 0.05227242. JiaXing Gas Group Co's return on assets of last year was 0.06898787.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
JiaXing Gas Group Co's gearing of this year was 0.23362811. JiaXing Gas Group Co's gearing of last year was 0.098758.
==> 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
JiaXing Gas Group Co's current ratio of this year was 1.22465443. JiaXing Gas Group Co's current ratio of last year was 0.92155837.
==> 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.
JiaXing Gas Group Co's number of shares in issue this year was 137.845. JiaXing Gas Group Co's number of shares in issue last year was 137.845.
==> 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.
JiaXing Gas Group Co's gross margin of this year was 0.06634927. JiaXing Gas Group Co's gross margin of last year was 0.10376072.
==> 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
JiaXing Gas Group Co's asset turnover of this year was 1.08234393. JiaXing Gas Group Co's asset turnover of last year was 1.25762932.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
JiaXing Gas Group Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
JiaXing Gas Group Co (HKSE:09908) has a Piotroski F-Score of 5 as of Aug. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on JiaXing Gas Group Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, JiaXing Gas Group Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, JiaXing Gas Group Co ranks #272 out of 496 companies in the Utilities - Regulated industry, placing it in the top 54.8%.
Is JiaXing Gas Group Co's Piotroski F-Score too high?
JiaXing Gas Group Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. JiaXing Gas Group Co's value of 5 is 16.7% below this industry median. Based on the distribution chart, JiaXing Gas Group Co ranks #272 out of 496 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, JiaXing Gas Group Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JiaXing Gas Group Co's Piotroski F-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, JiaXing Gas Group Co ranks #272 out of 496 companies for Piotroski F-Score. This places JiaXing Gas Group Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. JiaXing Gas Group Co's value of 5 is 16.7% below this benchmark. Historically, JiaXing Gas Group Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, JiaXing Gas Group Co 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 496 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. JiaXing Gas Group Co's current Piotroski F-Score of 5 is 16.7% 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 JiaXing Gas Group Co and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JiaXing Gas Group Co's current Piotroski F-Score is 5, which is 17% below 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 JiaXing Gas Group Co stock overvalued right now?
Based on GuruFocus' analysis, JiaXing Gas Group Co (HKSE:09908) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$7.24, compared to a current price of HK$8.48 — trading 17.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Utilities - Regulated industry median of 6.00. JiaXing Gas Group Co's overall GF Score™ is 80/100 with 9 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 JiaXing Gas Group Co (HKSE:09908), the current Piotroski F-Score is 5 as of Aug. 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 JiaXing Gas Group Co (HKSE:09908) Overvalued in 2026?
Based on GuruFocus' analysis, JiaXing Gas Group Co stock appears to be overvalued.
The current stock price of HK$8.48 is trading 17.1% above its estimated GF Value™ of HK$7.24.
GuruFocus considers JiaXing Gas Group Co to be Modestly Overvalued.
Key valuation signals for HKSE:09908:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: HK$7.24 vs. price of HK$8.48 (17.1% above fair value)
Industry Position: 16.7% below the Utilities - Regulated median (#272 of 496)
No single metric tells the full story. See the HKSE:09908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JiaXing Gas Group Co Ltd is engaged in the sale of gas, mainly piped natural gas(PNG) (under the concessions), liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in Jiaxing; (ii) provision of construction and installation services; and (iii) other activities, including provision of natural gas transportation services, sale of vapour and construction materials, and leasing of properties, etc. Geographically, the company generates all of its revenue from Mainland China.
80GF Score
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