Anhui Tongfeng Electronics Co (SHSE:600237) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 17% Above Median


SHSE:600237 Anhui Tongfeng Electronics Co Ltd SHSE:600237
69 GF Score
Price ¥13.01
GF Value ¥8.34
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Anhui Tongfeng Electronics Co Piotroski F-Score?

Anhui Tongfeng Electronics Co SHSE:600237 -1.51% 69 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SHSE:600237 with a GF Score™ of 69/100 and a GF Value™ of ¥8.34 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,432 Hardware companies, Anhui Tongfeng Electronics Co ranks better than 91.12% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Anhui Tongfeng Electronics Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

SHSE:600237' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Anhui Tongfeng Electronics Co was 9. The lowest was 3. And the median was 6.

Anhui Tongfeng Electronics Co  (SHSE:600237) 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.


Anhui Tongfeng Electronics Co Piotroski F-Score Related Terms


Anhui Tongfeng Electronics Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Anhui Tongfeng Electronics 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.

Anhui Tongfeng Electronics Co Piotroski F-Score Chart

Anhui Tongfeng Electronics 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 7.00 7.00 7.00 5.00 7.00

Anhui Tongfeng Electronics 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 4.00 5.00 6.00 7.00 7.00

SHSE:600237 vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, Anhui Tongfeng Electronics 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.


Anhui Tongfeng Electronics Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Anhui Tongfeng Electronics Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Anhui Tongfeng Electronics Co's Piotroski F-Score falls into.


SHSE:600237
69GF Score
Anhui Tongfeng Electronics Co Ltd SHSE:600237
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 31.244 + 21.455 + 39.989 + 24.562 = ¥117 Mil.
Cash Flow from Operations was 33.429 + 113 + 48.095 + 61.271 = ¥256 Mil.
Revenue was 363.029 + 344.179 + 323.145 + 306.383 = ¥1,337 Mil.
Gross Profit was 105.659 + 80.528 + 109.976 + 72.289 = ¥368 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2478.094 + 2538.295 + 2650.389 + 2734.403 + 2726.669) / 5 = ¥2625.57 Mil.
Total Assets at the begining of this year (Mar25) was ¥2,478 Mil.
Long-Term Debt & Capital Lease Obligation was ¥68 Mil.
Total Current Assets was ¥1,713 Mil.
Total Current Liabilities was ¥579 Mil.
Net Income was 22.382 + 15.438 + 33.733 + 27.211 = ¥99 Mil.

Revenue was 326.563 + 323.435 + 325.558 + 364.73 = ¥1,340 Mil.
Gross Profit was 84.126 + 74.747 + 95.605 + 84.729 = ¥339 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2362.442 + 2331.67 + 2405.041 + 2418.303 + 2478.094) / 5 = ¥2399.11 Mil.
Total Assets at the begining of last year (Mar24) was ¥2,362 Mil.
Long-Term Debt & Capital Lease Obligation was ¥23 Mil.
Total Current Assets was ¥1,559 Mil.
Total Current Liabilities was ¥531 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.

Anhui Tongfeng Electronics Co's current Net Income (TTM) was 117. ==> 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.

Anhui Tongfeng Electronics Co's current Cash Flow from Operations (TTM) was 256. ==> 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)
=117.25/2478.094
=0.04731459

ROA (Last Year)=Net Income/Total Assets (Mar24)
=98.764/2362.442
=0.04180589

Anhui Tongfeng Electronics Co's return on assets of this year was 0.04731459. Anhui Tongfeng Electronics Co's return on assets of last year was 0.04180589. ==> 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.

Anhui Tongfeng Electronics Co's current Net Income (TTM) was 117. Anhui Tongfeng Electronics Co's current Cash Flow from Operations (TTM) was 256. ==> 256 > 117 ==> 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
=67.629/2625.57
=0.02575784

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.094/2399.11
=0.00962607

Anhui Tongfeng Electronics Co's gearing of this year was 0.02575784. Anhui Tongfeng Electronics Co's gearing of last year was 0.00962607. ==> 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
=1712.502/579.317
=2.95607068

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1559.256/531.376
=2.93437415

Anhui Tongfeng Electronics Co's current ratio of this year was 2.95607068. Anhui Tongfeng Electronics Co's current ratio of last year was 2.93437415. ==> 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.

Anhui Tongfeng Electronics Co's number of shares in issue this year was 629.785. Anhui Tongfeng Electronics Co's number of shares in issue last year was 631.355. ==> 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
=368.452/1336.736
=0.27563558

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=339.207/1340.286
=0.25308554

Anhui Tongfeng Electronics Co's gross margin of this year was 0.27563558. Anhui Tongfeng Electronics Co's gross margin of last year was 0.25308554. ==> 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)
=1336.736/2478.094
=0.53942102

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1340.286/2362.442
=0.56733075

Anhui Tongfeng Electronics Co's asset turnover of this year was 0.53942102. Anhui Tongfeng Electronics Co's asset turnover of last year was 0.56733075. ==> 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+1+1+0+1+1+1+0
=7

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

Anhui Tongfeng Electronics Co has an F-score of 7. 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 7 mean?
Anhui Tongfeng Electronics Co (SHSE:600237) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anhui Tongfeng Electronics Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Anhui Tongfeng Electronics Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Anhui Tongfeng Electronics Co ranks #216 out of 2432 companies in the Hardware industry, placing it in the top 8.9%.
Is Anhui Tongfeng Electronics Co's Piotroski F-Score too high?
Anhui Tongfeng Electronics Co's current Piotroski F-Score of 7 is 17% 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 9.00. The Hardware industry median Piotroski F-Score is 5.00. Anhui Tongfeng Electronics Co's value of 7 is 40% above this industry median. Based on the distribution chart, Anhui Tongfeng Electronics Co ranks #216 out of 2432 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Anhui Tongfeng Electronics Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anhui Tongfeng Electronics Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Anhui Tongfeng Electronics Co ranks #216 out of 2432 companies for Piotroski F-Score. This places Anhui Tongfeng Electronics Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Anhui Tongfeng Electronics Co's value of 7 is 40% above this benchmark. Historically, Anhui Tongfeng Electronics Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Anhui Tongfeng Electronics Co 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 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. Anhui Tongfeng Electronics Co's current Piotroski F-Score of 7 is 40% 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 Anhui Tongfeng Electronics Co 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. Anhui Tongfeng Electronics Co's current Piotroski F-Score is 7, which is 17% 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 Anhui Tongfeng Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Tongfeng Electronics Co (SHSE:600237) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.34, compared to a current price of ¥13.01 — trading 56% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Hardware industry median of 5.00. Anhui Tongfeng Electronics Co's overall GF Score™ is 69/100 with 6 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 Anhui Tongfeng Electronics Co (SHSE:600237), the current Piotroski F-Score is 7 as of Jun. 29, 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 Anhui Tongfeng Electronics Co (SHSE:600237) Overvalued in 2026?

Based on GuruFocus' analysis, Anhui Tongfeng Electronics Co stock appears to be overvalued. The current stock price of ¥13.01 is trading 56% above its estimated GF Value™ of ¥8.34. GuruFocus considers Anhui Tongfeng Electronics Co to be Significantly Overvalued.

Key valuation signals for SHSE:600237:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ¥8.34 vs. price of ¥13.01 (56% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 40% above the Hardware median (#216 of 2432)

No single metric tells the full story. See the SHSE:600237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anhui Tongfeng Electronics Co Business Description

Address No.399, Cuihu 3rd Road, Tongfeng Industrial Park, Economic and Technological Development Zone, Anhui Province, Tongling, CHN, 244000
Anhui Tongfeng Electronics Co Ltd is engaged in the development of electronic materials, electronic components and power saving equipment in China. Its products include polypropylene film, AC capacitor, Power electronic capacitor, precision connector and others. The company's products are used across various fields such as home appliances, rail transit, clean energy, power transmission, lighting electronics, electronic circuits, electronic display, modern printing, energy-saving applications, automotive electronics, and ship propulsion.
69GF Score

Get the complete analysis for SHSE:600237

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

¥13.01
Price
¥8.34
GF Value