NWBTF (Newborn Town) Piotroski F-Score: 8 (As of Sep. 05, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NWBTF Newborn Town Inc NWBTF
90 GF Score
Price $0.00
! 1 Warning Sign
View Full Analysis

What is Newborn Town Piotroski F-Score?

Newborn Town NWBTF 90 Piotroski F-Score is 8 as of Sep. 05, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates NWBTF with a GF Score™ of 90/100. The stock has 1 warning sign investors should review. Among 2,751 Software companies, Newborn Town ranks better than 98.55% 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

Newborn Town 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 Newborn Town's Piotroski F-Score or its related term are showing as below:

NWBTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 10 years, the highest Piotroski F-Score of Newborn Town was 8. The lowest was 3. And the median was 6.

Newborn Town  (OTCPK:NWBTF) 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.


Newborn Town Piotroski F-Score Related Terms


Newborn Town Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Newborn Town'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.

Newborn Town Piotroski F-Score Chart

Newborn Town 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 5.00 8.00 5.00 8.00

Newborn Town Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 8.00 0.00 5.00 0.00 8.00

NWBTF vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Newborn Town'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.


Newborn Town Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Newborn Town's Piotroski F-Score distribution charts can be found below:

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


NWBTF
90GF Score
Newborn Town Inc NWBTF
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 $132.7 Mil.
Cash Flow from Operations was $206.5 Mil.
Revenue was $978.1 Mil.
Gross Profit was $546.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (492.121 + 623.889) / 2 = $558.005 Mil.
Total Assets at the begining of this year (Dec24) was $492.1 Mil.
Long-Term Debt & Capital Lease Obligation was $6.0 Mil.
Total Current Assets was $488.4 Mil.
Total Current Liabilities was $198.1 Mil.
Net Income was $66.0 Mil.

Revenue was $699.3 Mil.
Gross Profit was $358.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (390.865 + 492.121) / 2 = $441.493 Mil.
Total Assets at the begining of last year (Dec23) was $390.9 Mil.
Long-Term Debt & Capital Lease Obligation was $6.1 Mil.
Total Current Assets was $386.7 Mil.
Total Current Liabilities was $205.8 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.

Newborn Town's current Net Income (TTM) was 132.7. ==> 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.

Score 1 if positive, 0 if negative.

Newborn Town's current Cash Flow from Operations (TTM) was 206.5. ==> Positive ==> Score 1.

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)
=132.686/492.121
=0.26962068

ROA (Last Year)=Net Income/Total Assets (Dec23)
=65.97/390.865
=0.1687795

Newborn Town's return on assets of this year was 0.26962068. Newborn Town's return on assets of last year was 0.1687795. ==> 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.

Newborn Town's current Net Income (TTM) was 132.7. Newborn Town's current Cash Flow from Operations (TTM) was 206.5. ==> 206.5 > 132.7 ==> 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
=6.022/558.005
=0.01079202

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.103/441.493
=0.01382355

Newborn Town's gearing of this year was 0.01079202. Newborn Town's gearing of last year was 0.01382355. ==> 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
=488.374/198.107
=2.46520315

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=386.651/205.77
=1.87904456

Newborn Town's current ratio of this year was 2.46520315. Newborn Town's current ratio of last year was 1.87904456. ==> 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.

Newborn Town's number of shares in issue this year was 1327.923. Newborn Town's number of shares in issue last year was 1139.716. ==> 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
=546.24/978.099
=0.55847108

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=358.162/699.318
=0.51215899

Newborn Town's gross margin of this year was 0.55847108. Newborn Town's gross margin of last year was 0.51215899. ==> 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 (Dec24)
=978.099/492.121
=1.9875173

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=699.318/390.865
=1.78915482

Newborn Town's asset turnover of this year was 1.9875173. Newborn Town's asset turnover of last year was 1.78915482. ==> 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
=1+1+1+1+1+1+0+1+1
=8

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

Newborn Town has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Newborn Town (NWBTF) has a Piotroski F-Score of 8 as of Sep. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Newborn Town and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Newborn Town's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Newborn Town ranks #40 out of 2751 companies in the Software industry, placing it in the top 1.5%.
Is Newborn Town's Piotroski F-Score too high?
Newborn Town's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Newborn Town's value of 8 is 60% above this industry median. Based on the distribution chart, Newborn Town ranks #40 out of 2751 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Newborn Town has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Newborn Town's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Newborn Town ranks #40 out of 2751 companies for Piotroski F-Score. This places Newborn Town in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Newborn Town's value of 8 is 60% above this benchmark. Historically, Newborn Town's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Newborn Town 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,751 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. Newborn Town'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 Newborn Town and its competitors. For the Software 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. Newborn Town's current Piotroski F-Score is 8, which is 33% above 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 Newborn Town stock overvalued right now?
Newborn Town (NWBTF) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Software industry median of 5.00. Newborn Town's overall GF Score™ is 90/100 with 1 warning sign 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 Newborn Town (NWBTF), the current Piotroski F-Score is 8 as of Sep. 05, 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.

Newborn Town Business Description

Other Exchanges 09911:Hong Kong
Address Xiaoyun Road 33rd Building, 6th Floor, Tower B, Chaoyang District, Beijing, CHN
Newborn Town Inc is an investment holding company. The Company and its subsidiaries are principally engaged in providing social networking business (mainly through social networking Apps such as MICO, SUGO, Blued and TopTop) and inventive business (mainly through advertising service and merchandise sales). The company operates through two segments namely, Innovative business and Social networking business. The company generates the majority of its revenue from the Social networking business segment.
90GF Score

Get the complete analysis for NWBTF

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

$0.00
Price