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IT Tech PackagingITP +2.57%38 Piotroski F-Score is 3 as of Aug. 19, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates ITP with a GF Score™ of 38/100 and a GF Value™ of $0.21 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 281 Forest Products companies, IT Tech Packaging ranks worse than 81.49% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
IT Tech Packaging has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for IT Tech Packaging's Piotroski F-Score or its related term are showing as below:
ITP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of IT Tech Packaging was 8. The lowest was 2. And the median was 5.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging Piotroski F-Score Related Terms
IT Tech Packaging Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for IT Tech Packaging'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.
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging'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.
IT Tech Packaging's current Net Income (TTM) was -10.95.
==> Negative ==> Score 0.
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.
IT Tech Packaging's return on assets of this year was -0.05762086. IT Tech Packaging's return on assets of last year was -0.05176245.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
IT Tech Packaging's gearing of this year was 0.02786948. IT Tech Packaging's gearing of last year was 0.02579047.
==> 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
IT Tech Packaging's current ratio of this year was 1.91589436. IT Tech Packaging's current ratio of last year was 1.58877379.
==> 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.
IT Tech Packaging's number of shares in issue this year was 13.617. IT Tech Packaging's number of shares in issue last year was 10.066.
==> 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.
IT Tech Packaging's gross margin of this year was 0.05688152. IT Tech Packaging's gross margin of last year was 0.07366001.
==> 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
IT Tech Packaging's asset turnover of this year was 0.41541328. IT Tech Packaging's asset turnover of last year was 0.4188457.
==> 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
IT Tech Packaging has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
IT Tech Packaging (ITP) has a Piotroski F-Score of 3 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on IT Tech Packaging and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, IT Tech Packaging's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, IT Tech Packaging ranks #229 out of 281 companies in the Forest Products industry, placing it in the top 81.5%.
Is IT Tech Packaging's Piotroski F-Score too high?
IT Tech Packaging's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. IT Tech Packaging's value of 3 is 40% below this industry median. Based on the distribution chart, IT Tech Packaging ranks #229 out of 281 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, IT Tech Packaging has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IT Tech Packaging's Piotroski F-Score compare to JCTC and SLVM?
According to the Forest Products industry distribution chart, IT Tech Packaging ranks #229 out of 281 companies for Piotroski F-Score. This places IT Tech Packaging in the lower half of its industry. The industry median Piotroski F-Score is 5.00. IT Tech Packaging's value of 3 is 40% below this benchmark. Historically, IT Tech Packaging's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, IT Tech Packaging 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 281 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. IT Tech Packaging's current Piotroski F-Score of 3 is 40% 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 IT Tech Packaging and its competitors. For the Forest Products 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. IT Tech Packaging's current Piotroski F-Score is 3, which is 40% 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 IT Tech Packaging stock overvalued right now?
Based on GuruFocus' analysis, IT Tech Packaging (ITP) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.21, compared to a current price of $0.18 — trading 16.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Forest Products industry median of 5.00. IT Tech Packaging's overall GF Score™ is 38/100 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 IT Tech Packaging (ITP), the current Piotroski F-Score is 3 as of Aug. 19, 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 IT Tech Packaging (ITP) Overvalued in 2026?
Based on GuruFocus' analysis, IT Tech Packaging stock appears to be undervalued.
The current stock price of $0.18 is trading 16.2% below its estimated GF Value™ of $0.21.
GuruFocus considers IT Tech Packaging to be Modestly Undervalued.
Key valuation signals for ITP:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: $0.21 vs. price of $0.18 (16.2% below fair value)
Industry Position: 40% below the Forest Products median (#229 of 281)
No single metric tells the full story. See the ITP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It is involved in the production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into three segments: Dongfang Paper and Tengsheng Paper, which produce offset printing paper, corrugating medium paper, and tissue paper, and Baoding Shengde, which produces face masks and digital photo paper.
38GF Score
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