NetEaseNETTF -0.98%94 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates NETTF with a GF Score™ of 94/100 and a GF Value™ of $24.76 (Fairly Valued). Among 550 Interactive Media companies, NetEase ranks better than 97.82% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NetEase has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for NetEase's Piotroski F-Score or its related term are showing as below:
NETTF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of NetEase was 9. The lowest was 4. And the median was 7.
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.
NetEase Piotroski F-Score Related Terms
NetEase Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for NetEase'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.
NETTF vs EA, TTWO, RBLX: Piotroski F-Score Comparison
For the Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Piotroski F-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NetEase'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 1197.846 + 1209.472 + 886.239 + 1548.745 = $4,842 Mil. Cash Flow from Operations was 1512.71 + 1817.639 + 2104.63 + 1992.582 = $7,428 Mil. Revenue was 3884.416 + 3980.996 + 3911.145 + 4438.601 = $16,215 Mil. Gross Profit was 2514.133 + 2551.78 + 2511.98 + 3078.463 = $10,656 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(27707.245 + 29037.192 + 30110.039 + 31436.713 + 33574.244) / 5 = $30373.0866 Mil. Total Assets at the begining of this year (Mar25) was $27,707 Mil. Long-Term Debt & Capital Lease Obligation was $0 Mil. Total Current Assets was $27,373 Mil. Total Current Liabilities was $8,334 Mil.
Net Income was 931.637 + 924.03 + 1204.071 + 1420.986 = $4,481 Mil.
Revenue was 3513.006 + 3704.053 + 3673.797 + 3976.735 = $14,868 Mil. Gross Profit was 2211.286 + 2328.52 + 2234.997 + 2549.13 = $9,324 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(27086.7 + 25272.254 + 26130.056 + 26919.328 + 27707.245) / 5 = $26623.1166 Mil. Total Assets at the begining of last year (Mar24) was $27,087 Mil. Long-Term Debt & Capital Lease Obligation was $0 Mil. Total Current Assets was $21,750 Mil. Total Current Liabilities was $6,778 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.
NetEase's current Net Income (TTM) was 4,842.
==> 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.
NetEase's current ratio of this year was 3.28460931. NetEase's current ratio of last year was 3.20872073.
==> 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.
NetEase's number of shares in issue this year was 3227.325. NetEase's number of shares in issue last year was 3206.362.
==> 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.
NetEase's gross margin of this year was 0.65718484. NetEase's gross margin of last year was 0.62713139.
==> 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
NetEase's asset turnover of this year was 0.5852317. NetEase's asset turnover of last year was 0.54888898.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NetEase has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
NetEase (NETTF) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NetEase and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, NetEase's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, NetEase ranks #12 out of 550 companies in the Interactive Media industry, placing it in the top 2.2%.
Is NetEase's Piotroski F-Score too high?
NetEase's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Interactive Media industry median Piotroski F-Score is 5.00. NetEase's value of 8 is 60% above this industry median. Based on the distribution chart, NetEase ranks #12 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, NetEase has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Piotroski F-Score compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #12 out of 550 companies for Piotroski F-Score. This places NetEase in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. NetEase's value of 8 is 60% above this benchmark. Historically, NetEase's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, NetEase 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. NetEase's current Piotroski F-Score of 8 is 60% 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 NetEase and its competitors. For the Interactive Media 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. NetEase's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $24.76, compared to a current price of $24.26 — trading 2% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Interactive Media industry median of 5.00. NetEase's overall GF Score™ is 94/100. 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 NetEase (NETTF), the current Piotroski F-Score is 8 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.
Is NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be undervalued.
The current stock price of $24.26 is trading 2% below its estimated GF Value™ of $24.76.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for NETTF:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: $24.76 vs. price of $24.26 (2% below fair value)
Industry Position: 60% above the Interactive Media median (#12 of 550)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
94GF Score
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