LSBCF (LakeShore Biopharma Co) Piotroski F-Score: 4 (As of Jun. 25, 2026) — Near Median


What is LakeShore Biopharma Co Piotroski F-Score?

LakeShore Biopharma Co LSBCF Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. The stock has 5 warning signs investors should review. Among 1,342 Biotechnology companies, LakeShore Biopharma Co ranks better than 74.22% 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

LakeShore Biopharma Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for LakeShore Biopharma Co's Piotroski F-Score or its related term are showing as below:

LSBCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 4
Current: 4

During the past 5 years, the highest Piotroski F-Score of LakeShore Biopharma Co was 4. The lowest was 3. And the median was 4.

LakeShore Biopharma Co  (OTCPK:LSBCF) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


LakeShore Biopharma Co Piotroski F-Score Related Terms


LakeShore Biopharma Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LakeShore Biopharma 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.

LakeShore Biopharma Co Piotroski F-Score Chart

LakeShore Biopharma Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 4.00 3.00 4.00

LakeShore Biopharma Co Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 4.00 0.00 3.00 0.00 4.00

LSBCF vs ACUT, PPCB, ENSC: Piotroski F-Score Comparison

For the Biotechnology subindustry, LakeShore Biopharma 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.


LakeShore Biopharma Co Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, LakeShore Biopharma Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where LakeShore Biopharma Co's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $-13.79 Mil.
Cash Flow from Operations was $-16.69 Mil.
Revenue was $84.83 Mil.
Gross Profit was $69.96 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (210.099 + 188.661) / 2 = $199.38 Mil.
Total Assets at the begining of this year (Mar24) was $210.10 Mil.
Long-Term Debt & Capital Lease Obligation was $3.24 Mil.
Total Current Assets was $116.18 Mil.
Total Current Liabilities was $113.77 Mil.
Net Income was $-60.19 Mil.

Revenue was $79.63 Mil.
Gross Profit was $63.28 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (249.569 + 210.099) / 2 = $229.834 Mil.
Total Assets at the begining of last year (Mar23) was $249.57 Mil.
Long-Term Debt & Capital Lease Obligation was $13.99 Mil.
Total Current Assets was $125.41 Mil.
Total Current Liabilities was $111.40 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.

LakeShore Biopharma Co's current Net Income (TTM) was -13.79. ==> 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.

Score 1 if positive, 0 if negative.

LakeShore Biopharma Co's current Cash Flow from Operations (TTM) was -16.69. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=-13.792/210.099
=-0.06564524

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-60.191/249.569
=-0.24117979

LakeShore Biopharma Co's return on assets of this year was -0.06564524. LakeShore Biopharma Co's return on assets of last year was -0.24117979. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

LakeShore Biopharma Co's current Net Income (TTM) was -13.79. LakeShore Biopharma Co's current Cash Flow from Operations (TTM) was -16.69. ==> -16.69 <= -13.79 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.242/199.38
=0.01626041

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=13.993/229.834
=0.06088307

LakeShore Biopharma Co's gearing of this year was 0.01626041. LakeShore Biopharma Co's gearing of last year was 0.06088307. ==> 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

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=116.179/113.77
=1.0211743

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=125.414/111.397
=1.12582924

LakeShore Biopharma Co's current ratio of this year was 1.0211743. LakeShore Biopharma Co's current ratio of last year was 1.12582924. ==> 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.

LakeShore Biopharma Co's number of shares in issue this year was 19.159. LakeShore Biopharma Co's number of shares in issue last year was 10.692. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=69.964/84.831
=0.82474567

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=63.283/79.625
=0.79476295

LakeShore Biopharma Co's gross margin of this year was 0.82474567. LakeShore Biopharma Co's gross margin of last year was 0.79476295. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=84.831/210.099
=0.4037668

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=79.625/249.569
=0.31905004

LakeShore Biopharma Co's asset turnover of this year was 0.4037668. LakeShore Biopharma Co's asset turnover of last year was 0.31905004. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+0+0+1+1
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

LakeShore Biopharma Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
LakeShore Biopharma Co (LSBCF) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LakeShore Biopharma Co and its competitors. This is near median its historical median of 4.00. Over the past decade, LakeShore Biopharma Co's Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, LakeShore Biopharma Co ranks #346 out of 1342 companies in the Biotechnology industry, placing it in the top 25.8%.
Is LakeShore Biopharma Co's Piotroski F-Score too high?
LakeShore Biopharma Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 4.00. The Biotechnology industry median Piotroski F-Score is 3.00. LakeShore Biopharma Co's value of 4 is 33.3% above this industry median. Based on the distribution chart, LakeShore Biopharma Co ranks #346 out of 1342 companies in the Biotechnology industry, which is above the industry midpoint.
How does LakeShore Biopharma Co's Piotroski F-Score compare to ACUT and PPCB?
According to the Biotechnology industry distribution chart, LakeShore Biopharma Co ranks #346 out of 1342 companies for Piotroski F-Score. This puts LakeShore Biopharma Co in the upper half of its industry. The industry median Piotroski F-Score is 3.00. LakeShore Biopharma Co's value of 4 is 33.3% above this benchmark. Historically, LakeShore Biopharma Co's own Piotroski F-Score has ranged from 3.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, LakeShore Biopharma 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,342 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. LakeShore Biopharma Co's current Piotroski F-Score of 4 is 33.3% 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 LakeShore Biopharma Co and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LakeShore Biopharma Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LakeShore Biopharma Co stock overvalued right now?
LakeShore Biopharma Co (LSBCF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above the Biotechnology industry median of 3.00. 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 LakeShore Biopharma Co (LSBCF), the current Piotroski F-Score is 4 as of Jun. 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.

LakeShore Biopharma Co Business Description

Address 38 Yongda Road, Building No. 2, Daxing Biomedical Industry Park, Daxing District, Beijing, CHN, 102629
LakeShore Biopharma Co Ltd is a biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer. It has developed a proprietary PIKA immunomodulating technology platform and a new generation of preventive and therapeutic biologics targeting Rabies, Coronavirus, Hepatitis B, Influenza, Shingles, and other virus infections. The company operates in China, the United States, Singapore, and the Philippines.