Antong Holdings Co (SHSE:600179) Piotroski F-Score: 6 (As of Jul. 23, 2026) — Near Median

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SHSE:600179 Antong Holdings Co Ltd SHSE:600179
64 GF Score
Price ¥4.29
GF Value ¥3.19
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Antong Holdings Co Piotroski F-Score?

Antong Holdings Co SHSE:600179 +0.70% 64 Piotroski F-Score is 6 as of Jul. 23, 2026, which is at its 10-year median of 6.00. GuruFocus rates SHSE:600179 with a GF Score™ of 64/100 and a GF Value™ of ¥3.19 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 976 Transportation companies, Antong Holdings Co ranks better than 71.72% 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

Antong Holdings Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

SHSE:600179' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Antong Holdings Co was 9. The lowest was 2. And the median was 6.

Antong Holdings Co  (SHSE:600179) 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.


Antong Holdings Co Piotroski F-Score Related Terms


Antong Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Antong Holdings 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.

Antong Holdings Co Piotroski F-Score Chart

Antong Holdings 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 8.00 9.00 5.00 8.00 6.00

Antong Holdings 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 9.00 8.00 8.00 6.00 6.00

SHSE:600179 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Antong Holdings 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.


Antong Holdings Co Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Antong Holdings Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:600179
64GF Score
Antong Holdings Co Ltd SHSE:600179
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 270.706 + 151.729 + 422.108 + 253.815 = ¥1,098 Mil.
Cash Flow from Operations was 744.446 + 317.473 + 626.499 + 442.704 = ¥2,131 Mil.
Revenue was 2342.229 + 2152.216 + 2543.513 + 2120.446 = ¥9,158 Mil.
Gross Profit was 417.366 + 221.092 + 698.734 + 383.204 = ¥1,720 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14072.344 + 14529.028 + 14736.598 + 15679.835 + 15736.236) / 5 = ¥14950.8082 Mil.
Total Assets at the begining of this year (Mar25) was ¥14,072 Mil.
Long-Term Debt & Capital Lease Obligation was ¥911 Mil.
Total Current Assets was ¥7,967 Mil.
Total Current Liabilities was ¥2,324 Mil.
Net Income was 103.293 + 6.728 + 449.21 + 241.447 = ¥801 Mil.

Revenue was 1902.442 + 1810.795 + 2219.767 + 2042.143 = ¥7,975 Mil.
Gross Profit was 145.764 + 67.513 + 577.065 + 361.016 = ¥1,151 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(14031.949 + 13816.426 + 13440.521 + 13635.867 + 14072.344) / 5 = ¥13799.4214 Mil.
Total Assets at the begining of last year (Mar24) was ¥14,032 Mil.
Long-Term Debt & Capital Lease Obligation was ¥650 Mil.
Total Current Assets was ¥7,533 Mil.
Total Current Liabilities was ¥2,060 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.

Antong Holdings Co's current Net Income (TTM) was 1,098. ==> 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.

Antong Holdings Co's current Cash Flow from Operations (TTM) was 2,131. ==> 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)
=1098.358/14072.344
=0.07805082

ROA (Last Year)=Net Income/Total Assets (Mar24)
=800.678/14031.949
=0.05706107

Antong Holdings Co's return on assets of this year was 0.07805082. Antong Holdings Co's return on assets of last year was 0.05706107. ==> 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.

Antong Holdings Co's current Net Income (TTM) was 1,098. Antong Holdings Co's current Cash Flow from Operations (TTM) was 2,131. ==> 2,131 > 1,098 ==> 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
=910.88/14950.8082
=0.06092513

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=649.518/13799.4214
=0.0470685

Antong Holdings Co's gearing of this year was 0.06092513. Antong Holdings Co's gearing of last year was 0.0470685. ==> 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
=7966.79/2324.247
=3.42768647

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7533.287/2060.093
=3.65677035

Antong Holdings Co's current ratio of this year was 3.42768647. Antong Holdings Co's current ratio of last year was 3.65677035. ==> 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.

Antong Holdings Co's number of shares in issue this year was 4230.25. Antong Holdings Co's number of shares in issue last year was 4228.493. ==> 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
=1720.396/9158.404
=0.18784889

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1151.358/7975.147
=0.14436825

Antong Holdings Co's gross margin of this year was 0.18784889. Antong Holdings Co's gross margin of last year was 0.14436825. ==> 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 (Mar25)
=9158.404/14072.344
=0.65080871

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7975.147/14031.949
=0.56835633

Antong Holdings Co's asset turnover of this year was 0.65080871. Antong Holdings Co's asset turnover of last year was 0.56835633. ==> 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+0+0+0+1+1
=6

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

Antong Holdings Co has an F-score of 6 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 6 mean?
Antong Holdings Co (SHSE:600179) has a Piotroski F-Score of 6 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Antong Holdings Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Antong Holdings Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Antong Holdings Co ranks #276 out of 976 companies in the Transportation industry, placing it in the top 28.3%.
Is Antong Holdings Co's Piotroski F-Score too high?
Antong Holdings Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Antong Holdings Co's value of 6 is 0% at this industry median. Based on the distribution chart, Antong Holdings Co ranks #276 out of 976 companies in the Transportation industry, which is above the industry midpoint. Overall, Antong Holdings Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antong Holdings Co's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Antong Holdings Co ranks #276 out of 976 companies for Piotroski F-Score. This puts Antong Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Antong Holdings Co's value of 6 is 0% at this benchmark. Historically, Antong Holdings Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Antong Holdings Co 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 976 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. Antong Holdings Co's current Piotroski F-Score of 6 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 Antong Holdings Co and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Antong Holdings Co's current Piotroski F-Score is 6, which is near 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 Antong Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Antong Holdings Co (SHSE:600179) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.19, compared to a current price of ¥4.29 — trading 34.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Transportation industry median of 6.00. Antong Holdings Co's overall GF Score™ is 64/100 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 Antong Holdings Co (SHSE:600179), the current Piotroski F-Score is 6 as of Jul. 23, 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 Antong Holdings Co (SHSE:600179) Overvalued in 2026?

Based on GuruFocus' analysis, Antong Holdings Co stock appears to be overvalued. The current stock price of ¥4.29 is trading 34.5% above its estimated GF Value™ of ¥3.19. GuruFocus considers Antong Holdings Co to be Significantly Overvalued.

Key valuation signals for SHSE:600179:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ¥3.19 vs. price of ¥4.29 (34.5% above fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 0% at the Transportation median (#276 of 976)

No single metric tells the full story. See the SHSE:600179 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Antong Holdings Co Business Description

Address No. 2 Xiangyang Street, Fularji District, Heilongjiang Province, Qiqihar, CHN, 362000
Antong Holdings Co Ltd provides logistics services.
64GF Score

Get the complete analysis for SHSE:600179

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

¥4.29
Price
¥3.19
GF Value