Zepp Health (MEX:ZEPP N) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 150% Above Median


MEX:ZEPP N Zepp Health Corp MEX:ZEPP N
63 GF Score
Price MXN254.00
GF Value MXN229.11
! 2 Warning Signs
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What is Zepp Health Piotroski F-Score?

Zepp Health MEX:ZEPP N 63 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 150% above its 10-year median of 2.00. GuruFocus rates MEX:ZEPP N with a GF Score™ of 63/100 and a GF Value™ of MXN229.11. The stock has 2 warning signs investors should review. Among 2,432 Hardware companies, Zepp Health ranks better than 59.62% 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

Zepp Health 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 Zepp Health's Piotroski F-Score or its related term are showing as below:

MEX:ZEPP N' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 9
Current: 5

During the past 11 years, the highest Piotroski F-Score of Zepp Health was 9. The lowest was 1. And the median was 2.

Zepp Health  (MEX:ZEPP N) 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.


Zepp Health Piotroski F-Score Related Terms


Zepp Health Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Zepp Health'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.

Zepp Health Piotroski F-Score Chart

Zepp Health Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 6.00 3.00 5.00

Zepp Health Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 5.00 0.00

MEX:ZEPP N vs UEIC, AXIL, KOSS: Piotroski F-Score Comparison

For the Consumer Electronics subindustry, Zepp Health'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.


Zepp Health Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Zepp Health's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Zepp Health's Piotroski F-Score falls into.


MEX:ZEPP N
63GF Score
Zepp Health Corp MEX:ZEPP N
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was MXN-721 Mil.
Cash Flow from Operations was MXN-463 Mil.
Revenue was MXN4,662 Mil.
Gross Profit was MXN1,786 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (11024.177 + 10170.268) / 2 = MXN10597.2225 Mil.
Total Assets at the begining of this year (Dec24) was MXN11,024 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,091 Mil.
Total Current Assets was MXN5,285 Mil.
Total Current Liabilities was MXN5,165 Mil.
Net Income was MXN-1,579 Mil.

Revenue was MXN3,808 Mil.
Gross Profit was MXN1,465 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (10787.457 + 11024.177) / 2 = MXN10905.817 Mil.
Total Assets at the begining of last year (Dec23) was MXN10,787 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,611 Mil.
Total Current Assets was MXN5,247 Mil.
Total Current Liabilities was MXN4,075 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.

Zepp Health's current Net Income (TTM) was -721. ==> 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.

Zepp Health's current Cash Flow from Operations (TTM) was -463. ==> 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 (Dec24)
=-721.452/11024.177
=-0.06544271

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-1579.465/10787.457
=-0.14641681

Zepp Health's return on assets of this year was -0.06544271. Zepp Health's return on assets of last year was -0.14641681. ==> 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.

Zepp Health's current Net Income (TTM) was -721. Zepp Health's current Cash Flow from Operations (TTM) was -463. ==> -463 > -721 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1090.731/10597.2225
=0.10292612

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1611.061/10905.817
=0.14772493

Zepp Health's gearing of this year was 0.10292612. Zepp Health's gearing of last year was 0.14772493. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=5285.123/5164.827
=1.02329139

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5246.543/4074.516
=1.28764815

Zepp Health's current ratio of this year was 1.02329139. Zepp Health's current ratio of last year was 1.28764815. ==> 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.

Zepp Health's number of shares in issue this year was 15.902. Zepp Health's number of shares in issue last year was 16.18. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1785.985/4661.622
=0.38312523

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1464.779/3808.313
=0.38462674

Zepp Health's gross margin of this year was 0.38312523. Zepp Health's gross margin of last year was 0.38462674. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=4661.622/11024.177
=0.42285442

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3808.313/10787.457
=0.35303158

Zepp Health's asset turnover of this year was 0.42285442. Zepp Health's asset turnover of last year was 0.35303158. ==> 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+1+1+0+1+0+1
=5

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

Zepp Health has an F-score of 5 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 5 mean?
Zepp Health (MEX:ZEPP N) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zepp Health and its competitors. This is 150% above median its historical median of 2.00. Over the past decade, Zepp Health's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Zepp Health ranks #982 out of 2432 companies in the Hardware industry, placing it in the top 40.4%.
Is Zepp Health's Piotroski F-Score too high?
Zepp Health's current Piotroski F-Score of 5 is 150% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Zepp Health's value of 5 is 0% at this industry median. Based on the distribution chart, Zepp Health ranks #982 out of 2432 companies in the Hardware industry, which is above the industry midpoint. Overall, Zepp Health has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Zepp Health's Piotroski F-Score compare to UEIC and AXIL?
According to the Hardware industry distribution chart, Zepp Health ranks #982 out of 2432 companies for Piotroski F-Score. This puts Zepp Health in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Zepp Health's value of 5 is 0% at this benchmark. Historically, Zepp Health's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, Zepp Health has consistently been at 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 2,432 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. Zepp Health's current Piotroski F-Score of 5 is 0% at 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 Zepp Health 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. Zepp Health's current Piotroski F-Score is 5, which is 150% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zepp Health stock overvalued right now?
Zepp Health (MEX:ZEPP N) has a current Piotroski F-Score of 5. The stock's GF Value™ is MXN229.11, compared to a current price of MXN254.00 — trading 10.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 150% above median its 10-year median of 2.00 and 0% at the Hardware industry median of 5.00. Zepp Health's overall GF Score™ is 63/100 with 2 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 Zepp Health (MEX:ZEPP N), the current Piotroski F-Score is 5 as of Jun. 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 Zepp Health (MEX:ZEPP N) Overvalued in 2026?

Based on GuruFocus' analysis, Zepp Health stock appears to be overvalued. The current stock price of MXN254.00 is trading 10.9% above its estimated GF Value™ of MXN229.11.

Key valuation signals for MEX:ZEPP N:

  • Piotroski F-Score: 5 (150% above median its 10-year median of 2.00)
  • GF Value™: MXN229.11 vs. price of MXN254.00 (10.9% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 0% at the Hardware median (#982 of 2432)

No single metric tells the full story. See the MEX:ZEPP N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zepp Health Business Description

Other Exchanges ZEPP:USAST0:Germany
Address Edisonweg 44 - B08, Gorinchem, ZH, NLD, 4207 HG
Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. Geographically, the group generates revenue from Asia-Pacific, Europe, North America and others.
63GF Score

Get the complete analysis for MEX:ZEPP N

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN254.00
Price
MXN229.11
GF Value