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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.
Bright Oceans Inter-TelecomSHSE:600289 -5.23%35 Piotroski F-Score is 3 as of Jul. 17, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates SHSE:600289 with a GF Score™ of 35/100 and a GF Value™ of ¥8.22 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,737 Software companies, Bright Oceans Inter-Telecom ranks worse than 78.96% 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
Bright Oceans Inter-Telecom 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 Bright Oceans Inter-Telecom's Piotroski F-Score or its related term are showing as below:
SHSE:600289'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of Bright Oceans Inter-Telecom was 7. The lowest was 2. And the median was 5.
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.
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.
Bright Oceans Inter-Telecom Piotroski F-Score Related Terms
Bright Oceans Inter-Telecom Piotroski F-Score Historical Data
* 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.
SHSE:600289 vs UBER, SHOP, CRM: Piotroski F-Score Comparison
For the Software - Application subindustry, Bright Oceans Inter-Telecom'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.
Bright Oceans Inter-Telecom Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Bright Oceans Inter-Telecom's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bright Oceans Inter-Telecom's Piotroski F-Score falls into.
* 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.
*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.
Bright Oceans Inter-Telecom's current Net Income (TTM) was -488.8.
==> Negative ==> Score 0.
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.
Bright Oceans Inter-Telecom's current Cash Flow from Operations (TTM) was -423.6.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Bright Oceans Inter-Telecom's return on assets of this year was -0.26069362. Bright Oceans Inter-Telecom's return on assets of last year was -0.09091841.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bright Oceans Inter-Telecom's gearing of this year was 0.00632054. Bright Oceans Inter-Telecom's gearing of last year was 0.00175007.
==> 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
Bright Oceans Inter-Telecom's current ratio of this year was 3.03042301. Bright Oceans Inter-Telecom's current ratio of last year was 5.55233645.
==> 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.
Bright Oceans Inter-Telecom's number of shares in issue this year was 631.005. Bright Oceans Inter-Telecom's number of shares in issue last year was 631.517.
==> 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.
Bright Oceans Inter-Telecom's gross margin of this year was 0.03562001. Bright Oceans Inter-Telecom's gross margin of last year was 0.4780205.
==> 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
Bright Oceans Inter-Telecom's asset turnover of this year was 0.38809825. Bright Oceans Inter-Telecom's asset turnover of last year was 0.25652833.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bright Oceans Inter-Telecom has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Bright Oceans Inter-Telecom (SHSE:600289) has a Piotroski F-Score of 3 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bright Oceans Inter-Telecom and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Bright Oceans Inter-Telecom's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Bright Oceans Inter-Telecom ranks #2161 out of 2737 companies in the Software industry, placing it in the top 79%.
Is Bright Oceans Inter-Telecom's Piotroski F-Score too high?
Bright Oceans Inter-Telecom's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Bright Oceans Inter-Telecom's value of 3 is 40% below this industry median. Based on the distribution chart, Bright Oceans Inter-Telecom ranks #2161 out of 2737 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bright Oceans Inter-Telecom has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bright Oceans Inter-Telecom's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Bright Oceans Inter-Telecom ranks #2161 out of 2737 companies for Piotroski F-Score. This places Bright Oceans Inter-Telecom in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Bright Oceans Inter-Telecom's value of 3 is 40% below this benchmark. Historically, Bright Oceans Inter-Telecom's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Bright Oceans Inter-Telecom 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,737 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. Bright Oceans Inter-Telecom'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 Bright Oceans Inter-Telecom 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. Bright Oceans Inter-Telecom's current Piotroski F-Score is 3, which is 40% below 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 Bright Oceans Inter-Telecom stock overvalued right now?
Based on GuruFocus' analysis, Bright Oceans Inter-Telecom (SHSE:600289) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.22, compared to a current price of ¥4.89 — trading 40.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Software industry median of 5.00. Bright Oceans Inter-Telecom's overall GF Score™ is 35/100 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 Bright Oceans Inter-Telecom (SHSE:600289), the current Piotroski F-Score is 3 as of Jul. 17, 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 Bright Oceans Inter-Telecom (SHSE:600289) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Oceans Inter-Telecom stock appears to be undervalued.
The current stock price of ¥4.89 is trading 40.5% below its estimated GF Value™ of ¥8.22.
GuruFocus considers Bright Oceans Inter-Telecom to be Possible Value Trap.
Key valuation signals for SHSE:600289:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: ¥8.22 vs. price of ¥4.89 (40.5% below fair value)
Industry Position: 40% below the Software median (#2161 of 2737)
No single metric tells the full story. See the SHSE:600289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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