Nanjing Business & Tourism (SHSE:600250) Piotroski F-Score: 6 (As of Jul. 08, 2026) — 20% Above Median


SHSE:600250 Nanjing Business & Tourism Corp Ltd SHSE:600250
45 GF Score
Price ¥7.76
GF Value ¥7.50
Valuation Fairly Valued
! 4 Warning Signs
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What is Nanjing Business & Tourism Piotroski F-Score?

Nanjing Business & Tourism SHSE:600250 -0.39% 45 Piotroski F-Score is 6 as of Jul. 08, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SHSE:600250 with a GF Score™ of 45/100 and a GF Value™ of ¥7.50 (Fairly Valued). The stock has 4 warning signs investors should review. Among 558 Conglomerates companies, Nanjing Business & Tourism ranks better than 71.86% 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

Nanjing Business & Tourism 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 Nanjing Business & Tourism's Piotroski F-Score or its related term are showing as below:

SHSE:600250' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nanjing Business & Tourism was 8. The lowest was 1. And the median was 5.

Nanjing Business & Tourism  (SHSE:600250) 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.


Nanjing Business & Tourism Piotroski F-Score Related Terms


Nanjing Business & Tourism Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nanjing Business & Tourism'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.

Nanjing Business & Tourism Piotroski F-Score Chart

Nanjing Business & Tourism 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 4.00 8.00 6.00 6.00

Nanjing Business & Tourism 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 6.00 5.00 6.00 6.00

SHSE:600250 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Nanjing Business & Tourism'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.


Nanjing Business & Tourism Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nanjing Business & Tourism's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nanjing Business & Tourism's Piotroski F-Score falls into.


SHSE:600250
45GF Score
Nanjing Business & Tourism Corp Ltd SHSE:600250
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 4.423 + 11.04 + -10.135 + 4.614 = ¥9.9 Mil.
Cash Flow from Operations was -0.697 + 63.047 + 49.897 + 17.222 = ¥129.5 Mil.
Revenue was 169.016 + 193.323 + 191.798 + 167.672 = ¥721.8 Mil.
Gross Profit was 51.925 + 73.264 + 42.643 + 46.088 = ¥213.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2007.776 + 1739.336 + 1794.427 + 1786.781 + 1773.709) / 5 = ¥1820.4058 Mil.
Total Assets at the begining of this year (Mar25) was ¥2,007.8 Mil.
Long-Term Debt & Capital Lease Obligation was ¥403.6 Mil.
Total Current Assets was ¥750.2 Mil.
Total Current Liabilities was ¥454.9 Mil.
Net Income was 10.013 + 11.488 + 6.545 + 3.514 = ¥31.6 Mil.

Revenue was 192.193 + 202.177 + 174.91 + 190.607 = ¥759.9 Mil.
Gross Profit was 63.041 + 58.737 + 48.245 + 42.5 = ¥212.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1794.8 + 1757.376 + 1786.495 + 1806.76 + 2007.776) / 5 = ¥1830.6414 Mil.
Total Assets at the begining of last year (Mar24) was ¥1,794.8 Mil.
Long-Term Debt & Capital Lease Obligation was ¥461.6 Mil.
Total Current Assets was ¥943.8 Mil.
Total Current Liabilities was ¥629.5 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.

Nanjing Business & Tourism's current Net Income (TTM) was 9.9. ==> 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.

Nanjing Business & Tourism's current Cash Flow from Operations (TTM) was 129.5. ==> 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 (Mar25)
=9.942/2007.776
=0.00495175

ROA (Last Year)=Net Income/Total Assets (Mar24)
=31.56/1794.8
=0.01758413

Nanjing Business & Tourism's return on assets of this year was 0.00495175. Nanjing Business & Tourism's return on assets of last year was 0.01758413. ==> 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.

Nanjing Business & Tourism's current Net Income (TTM) was 9.9. Nanjing Business & Tourism's current Cash Flow from Operations (TTM) was 129.5. ==> 129.5 > 9.9 ==> 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
=403.608/1820.4058
=0.2217132

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=461.599/1830.6414
=0.25215151

Nanjing Business & Tourism's gearing of this year was 0.2217132. Nanjing Business & Tourism's gearing of last year was 0.25215151. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=750.203/454.869
=1.64927265

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=943.834/629.454
=1.49944873

Nanjing Business & Tourism's current ratio of this year was 1.64927265. Nanjing Business & Tourism's current ratio of last year was 1.49944873. ==> 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.

Nanjing Business & Tourism's number of shares in issue this year was 0. Nanjing Business & Tourism's number of shares in issue last year was 0. ==> 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
=213.92/721.809
=0.29636649

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=212.523/759.887
=0.27967711

Nanjing Business & Tourism's gross margin of this year was 0.29636649. Nanjing Business & Tourism's gross margin of last year was 0.27967711. ==> 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)
=721.809/2007.776
=0.35950674

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=759.887/1794.8
=0.42338255

Nanjing Business & Tourism's asset turnover of this year was 0.35950674. Nanjing Business & Tourism's asset turnover of last year was 0.42338255. ==> 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+1+1+1+1+0
=7

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

Nanjing Business & Tourism 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 6 mean?
Nanjing Business & Tourism (SHSE:600250) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nanjing Business & Tourism and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Nanjing Business & Tourism's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Nanjing Business & Tourism ranks #157 out of 558 companies in the Conglomerates industry, placing it in the top 28.1%.
Is Nanjing Business & Tourism's Piotroski F-Score too high?
Nanjing Business & Tourism's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Nanjing Business & Tourism's value of 6 is 20% above this industry median. Based on the distribution chart, Nanjing Business & Tourism ranks #157 out of 558 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Nanjing Business & Tourism has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nanjing Business & Tourism's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nanjing Business & Tourism ranks #157 out of 558 companies for Piotroski F-Score. This puts Nanjing Business & Tourism in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nanjing Business & Tourism's value of 6 is 20% above this benchmark. Historically, Nanjing Business & Tourism's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nanjing Business & Tourism 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 558 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. Nanjing Business & Tourism's current Piotroski F-Score of 6 is 20% 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 Nanjing Business & Tourism and its competitors. For the Conglomerates 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. Nanjing Business & Tourism's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanjing Business & Tourism stock overvalued right now?
Based on GuruFocus' analysis, Nanjing Business & Tourism (SHSE:600250) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.50, compared to a current price of ¥7.76 — trading 3.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Conglomerates industry median of 5.00. Nanjing Business & Tourism's overall GF Score™ is 45/100 with 4 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 Nanjing Business & Tourism (SHSE:600250), the current Piotroski F-Score is 6 as of Jul. 08, 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 Nanjing Business & Tourism (SHSE:600250) Overvalued in 2026?

Based on GuruFocus' analysis, Nanjing Business & Tourism stock appears to be overvalued. The current stock price of ¥7.76 is trading 3.5% above its estimated GF Value™ of ¥7.50. GuruFocus considers Nanjing Business & Tourism to be Fairly Valued.

Key valuation signals for SHSE:600250:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ¥7.50 vs. price of ¥7.76 (3.5% above fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 20% above the Conglomerates median (#157 of 558)

No single metric tells the full story. See the SHSE:600250 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nanjing Business & Tourism Business Description

Address NO.77 Yunnan North Road, Nanjing, CHN, 210006
Nanjing Business & Tourism Corp Ltd is involved in the fields of textiles and garments, electric and machinery, light industry, chemical industry and others, covering over 1000 merchandise. At the same time, the company also engaged in the overseas labor services and economic and technical cooperation activities.
45GF Score

Get the complete analysis for SHSE:600250

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

¥7.76
Price
¥7.50
GF Value