SEXHF (Sichuan Expressway Co) Piotroski F-Score: 3 (As of Jun. 27, 2026) — 50% Below Median


SEXHF Sichuan Expressway Co Ltd SEXHF
51 GF Score
Price $0.58
GF Value $0.49
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sichuan Expressway Co Piotroski F-Score?

Sichuan Expressway Co SEXHF 51 Piotroski F-Score is 3 as of Jun. 27, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates SEXHF with a GF Score™ of 51/100 and a GF Value™ of $0.49 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,735 Construction companies, Sichuan Expressway Co ranks worse than 81.84% 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

Sichuan Expressway Co 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 Sichuan Expressway Co's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Sichuan Expressway Co was 8. The lowest was 3. And the median was 6.

Sichuan Expressway Co  (OTCPK:SEXHF) 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.


Sichuan Expressway Co Piotroski F-Score Related Terms


Sichuan Expressway Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sichuan Expressway 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.

Sichuan Expressway Co Piotroski F-Score Chart

Sichuan Expressway Co 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 5.00 5.00 6.00 8.00 5.00

Sichuan Expressway Co 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 6.00 7.00 7.00 5.00 3.00

Sichuan Expressway Co Piotroski F-Score Competitor Comparison

For the Infrastructure Operations subindustry, Sichuan Expressway 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.


Sichuan Expressway Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Sichuan Expressway Co's Piotroski F-Score distribution charts can be found below:

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


SEXHF
51GF Score
Sichuan Expressway Co Ltd SEXHF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 48.882 + 64.934 + 30.291 + 66.276 = $210 Mil.
Cash Flow from Operations was 151.744 + 161.59 + 108.066 + 130.929 = $552 Mil.
Revenue was 297.648 + 275.18 + 379.332 + 349.88 = $1,302 Mil.
Gross Profit was 89.192 + 119.259 + 93.292 + 121.471 = $423 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8742.178 + 8538.132 + 8822.505 + 9045.253 + 9832.777) / 5 = $8996.169 Mil.
Total Assets at the begining of this year (Mar25) was $8,742 Mil.
Long-Term Debt & Capital Lease Obligation was $5,883 Mil.
Total Current Assets was $587 Mil.
Total Current Liabilities was $672 Mil.
Net Income was 42.272 + 59.997 + 46.189 + 67.077 = $216 Mil.

Revenue was 462.586 + 281.31 + 412.489 + 274.344 = $1,431 Mil.
Gross Profit was 104.971 + 126.972 + 111.129 + 124.741 = $468 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(8186.719 + 8292.752 + 8525.055 + 8387.989 + 8742.178) / 5 = $8426.9386 Mil.
Total Assets at the begining of last year (Mar24) was $8,187 Mil.
Long-Term Debt & Capital Lease Obligation was $5,169 Mil.
Total Current Assets was $842 Mil.
Total Current Liabilities was $607 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.

Sichuan Expressway Co's current Net Income (TTM) was 210. ==> 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.

Sichuan Expressway Co's current Cash Flow from Operations (TTM) was 552. ==> 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 (Mar25)
=210.383/8742.178
=0.02406528

ROA (Last Year)=Net Income/Total Assets (Mar24)
=215.535/8186.719
=0.0263274

Sichuan Expressway Co's return on assets of this year was 0.02406528. Sichuan Expressway Co's return on assets of last year was 0.0263274. ==> Last year is higher ==> Score 0.

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.

Sichuan Expressway Co's current Net Income (TTM) was 210. Sichuan Expressway Co's current Cash Flow from Operations (TTM) was 552. ==> 552 > 210 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=5882.688/8996.169
=0.65391035

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5169.464/8426.9386
=0.61344508

Sichuan Expressway Co's gearing of this year was 0.65391035. Sichuan Expressway Co's gearing of last year was 0.61344508. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=587.201/672.125
=0.8736485

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=842.153/606.927
=1.38756885

Sichuan Expressway Co's current ratio of this year was 0.8736485. Sichuan Expressway Co's current ratio of last year was 1.38756885. ==> 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.

Sichuan Expressway Co's number of shares in issue this year was 3216.767. Sichuan Expressway Co's number of shares in issue last year was 3192.797. ==> 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
=423.214/1302.04
=0.32503917

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=467.813/1430.729
=0.32697527

Sichuan Expressway Co's gross margin of this year was 0.32503917. Sichuan Expressway Co's gross margin of last year was 0.32697527. ==> 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 (Mar25)
=1302.04/8742.178
=0.14893771

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1430.729/8186.719
=0.1747622

Sichuan Expressway Co's asset turnover of this year was 0.14893771. Sichuan Expressway Co's asset turnover of last year was 0.1747622. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Sichuan Expressway Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Sichuan Expressway Co (SEXHF) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sichuan Expressway Co and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Sichuan Expressway Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sichuan Expressway Co ranks #1420 out of 1735 companies in the Construction industry, placing it in the top 81.8%.
Is Sichuan Expressway Co's Piotroski F-Score too high?
Sichuan Expressway Co's current Piotroski F-Score of 3 is 50% below 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 Construction industry median Piotroski F-Score is 5.00. Sichuan Expressway Co's value of 3 is 40% below this industry median. Based on the distribution chart, Sichuan Expressway Co ranks #1420 out of 1735 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Sichuan Expressway Co has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sichuan Expressway Co's Piotroski F-Score compare to competitors?
According to the Construction industry distribution chart, Sichuan Expressway Co ranks #1420 out of 1735 companies for Piotroski F-Score. This places Sichuan Expressway Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sichuan Expressway Co's value of 3 is 40% below this benchmark. Historically, Sichuan Expressway Co'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, Sichuan Expressway Co 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Sichuan Expressway Co'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 Sichuan Expressway Co and its competitors. For the Construction 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. Sichuan Expressway Co's current Piotroski F-Score is 3, which is 50% below 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 Sichuan Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Sichuan Expressway Co (SEXHF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.49, compared to a current price of $0.58 — trading 17.7% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Construction industry median of 5.00. Sichuan Expressway Co's overall GF Score™ is 51/100 with 7 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 Sichuan Expressway Co (SEXHF), the current Piotroski F-Score is 3 as of Jun. 27, 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 Sichuan Expressway Co (SEXHF) Overvalued in 2026?

Based on GuruFocus' analysis, Sichuan Expressway Co stock appears to be overvalued. The current stock price of $0.58 is trading 17.7% above its estimated GF Value™ of $0.49. GuruFocus considers Sichuan Expressway Co to be Modestly Overvalued.

Key valuation signals for SEXHF:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: $0.49 vs. price of $0.58 (17.7% above fair value)
  • GF Score™: 51/100 with 7 warning signs
  • Industry Position: 40% below the Construction median (#1420 of 1735)

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


Sichuan Expressway Co Business Description

Address No. 252 Wuhouci Da Jie, Sichuan Province, Chengdu, CHN, 610041
Sichuan Expressway Co Ltd is engaged in the investment, construction, operation, and management of certain expressway projects, green energy investment business, and integrated development of resources along the routes. The group is organised into business units based on their services and products, and has six reportable operating segments, which include Expressways, Construction Services, Transportation Services, Transportation Logistics, New Energy Technologies, and Others. A majority of its revenue is generated from the Expressways segment, which comprises the operation of expressways and a high-grade toll bridge in Mainland China. Geographically, the group derives all of its revenue from Mainland China.
51GF Score

Get the complete analysis for SEXHF

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

$0.58
Price
$0.49
GF Value