Fortune Ng Fung Food (hebei) Co (SHSE:600965) Piotroski F-Score: 5 (As of Sep. 08, 2026) — Near Median

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SHSE:600965 Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
49 GF Score
Price ¥2.97
GF Value ¥5.31
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fortune Ng Fung Food (hebei) Co Piotroski F-Score?

Fortune Ng Fung Food (hebei) Co SHSE:600965 +1.71% 49 Piotroski F-Score is 5 as of Sep. 08, 2026, which is at its 10-year median of 5.00. GuruFocus rates SHSE:600965 with a GF Score™ of 49/100 and a GF Value™ of ¥5.31 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,944 Consumer Packaged Goods companies, Fortune Ng Fung Food (hebei) Co ranks better than 52.83% 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

Fortune Ng Fung Food (hebei) Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Fortune Ng Fung Food (hebei) Co's Piotroski F-Score or its related term are showing as below:

SHSE:600965' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Fortune Ng Fung Food (hebei) Co was 8. The lowest was 3. And the median was 5.

Fortune Ng Fung Food (hebei) Co  (SHSE:600965) 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.

Fortune Ng Fung Food (hebei) Co Piotroski F-Score Related Terms

Fortune Ng Fung Food (hebei) Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) Co Piotroski F-Score Chart

Fortune Ng Fung Food (hebei) 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 3.00 4.00 4.00 7.00

Fortune Ng Fung Food (hebei) Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 7.00 7.00 5.00

SHSE:600965 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's Piotroski F-Score falls into.


SHSE:600965
49GF Score
Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 18.206 + 3.155 + 21.505 + -3.314 = ¥40 Mil.
Cash Flow from Operations was 35.059 + 142.136 + -3.895 + -19.902 = ¥153 Mil.
Revenue was 256.376 + 374.027 + 268.146 + 300.596 = ¥1,199 Mil.
Gross Profit was 59.629 + 59.785 + 67.611 + 44.21 = ¥231 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2613.026 + 2666.755 + 2644.554 + 2736.275 + 2674.38) / 5 = ¥2666.998 Mil.
Total Assets at the begining of this year (Jun25) was ¥2,613 Mil.
Long-Term Debt & Capital Lease Obligation was ¥93 Mil.
Total Current Assets was ¥1,473 Mil.
Total Current Liabilities was ¥306 Mil.		 Net Income was -1.796 + 22.762 + 23.973 + 11.607 = ¥57 Mil.

Revenue was 248.184 + 313.442 + 264.741 + 267.393 = ¥1,094 Mil.
Gross Profit was 48.909 + 76.229 + 73.452 + 63.114 = ¥262 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2536.908 + 2611.838 + 2601.047 + 2621.682 + 2613.026) / 5 = ¥2596.9002 Mil.
Total Assets at the begining of last year (Jun24) was ¥2,537 Mil.
Long-Term Debt & Capital Lease Obligation was ¥29 Mil.
Total Current Assets was ¥1,214 Mil.
Total Current Liabilities was ¥356 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.

Fortune Ng Fung Food (hebei) Co's current Net Income (TTM) was 40. ==> 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.

Fortune Ng Fung Food (hebei) Co's current Cash Flow from Operations (TTM) was 153. ==> 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 (Jun25)
=39.552/2613.026
=0.01513647

ROA (Last Year)=Net Income/Total Assets (Jun24)
=56.546/2536.908
=0.02228934

Fortune Ng Fung Food (hebei) Co's return on assets of this year was 0.01513647. Fortune Ng Fung Food (hebei) Co's return on assets of last year was 0.02228934. ==> 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.

Fortune Ng Fung Food (hebei) Co's current Net Income (TTM) was 40. Fortune Ng Fung Food (hebei) Co's current Cash Flow from Operations (TTM) was 153. ==> 153 > 40 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=93.41/2666.998
=0.0350244

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=28.685/2596.9002
=0.01104586

Fortune Ng Fung Food (hebei) Co's gearing of this year was 0.0350244. Fortune Ng Fung Food (hebei) Co's gearing of last year was 0.01104586. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1472.805/305.775
=4.81662987

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1214.262/355.615
=3.41454101

Fortune Ng Fung Food (hebei) Co's current ratio of this year was 4.81662987. Fortune Ng Fung Food (hebei) Co's current ratio of last year was 3.41454101. ==> 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.

Fortune Ng Fung Food (hebei) Co's number of shares in issue this year was 1102.292. Fortune Ng Fung Food (hebei) Co's number of shares in issue last year was 979.929. ==> 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
=231.235/1199.145
=0.19283323

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=261.704/1093.76
=0.23927004

Fortune Ng Fung Food (hebei) Co's gross margin of this year was 0.19283323. Fortune Ng Fung Food (hebei) Co's gross margin of last year was 0.23927004. ==> 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 (Jun25)
=1199.145/2613.026
=0.45891047

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1093.76/2536.908
=0.43113901

Fortune Ng Fung Food (hebei) Co's asset turnover of this year was 0.45891047. Fortune Ng Fung Food (hebei) Co's asset turnover of last year was 0.43113901. ==> 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+0+1+0+1+0+0+1
=5

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

Fortune Ng Fung Food (hebei) Co has an F-score of 5 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 5 mean?
Fortune Ng Fung Food (hebei) Co (SHSE:600965) has a Piotroski F-Score of 5 as of Sep. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fortune Ng Fung Food (hebei) Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Fortune Ng Fung Food (hebei) Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #917 out of 1944 companies in the Consumer Packaged Goods industry, placing it in the top 47.2%.
Is Fortune Ng Fung Food (hebei) Co's Piotroski F-Score too high?
Fortune Ng Fung Food (hebei) Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Fortune Ng Fung Food (hebei) Co's value of 5 is 0% at this industry median. Based on the distribution chart, Fortune Ng Fung Food (hebei) Co ranks #917 out of 1944 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fortune Ng Fung Food (hebei) Co has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fortune Ng Fung Food (hebei) Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Fortune Ng Fung Food (hebei) Co ranks #917 out of 1944 companies for Piotroski F-Score. This puts Fortune Ng Fung Food (hebei) Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Fortune Ng Fung Food (hebei) Co's value of 5 is 0% at this benchmark. Historically, Fortune Ng Fung Food (hebei) 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 5.00 vs. the industry median of 5.00, Fortune Ng Fung Food (hebei) 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,944 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. Fortune Ng Fung Food (hebei) Co's current Piotroski F-Score of 5 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 Fortune Ng Fung Food (hebei) Co and its competitors. For the Consumer Packaged Goods 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. Fortune Ng Fung Food (hebei) Co's current Piotroski F-Score is 5, which is near 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 Fortune Ng Fung Food (hebei) Co stock overvalued right now?
Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co (SHSE:600965) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.31, compared to a current price of ¥2.97 — trading 44.1% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Fortune Ng Fung Food (hebei) Co's overall GF Score™ is 49/100 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965), the current Piotroski F-Score is 5 as of Sep. 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 Fortune Ng Fung Food (hebei) Co (SHSE:600965) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co stock appears to be undervalued. The current stock price of ¥2.97 is trading 44.1% below its estimated GF Value™ of ¥5.31. GuruFocus considers Fortune Ng Fung Food (hebei) Co to be Possible Value Trap.

Key valuation signals for SHSE:600965:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ¥5.31 vs. price of ¥2.97 (44.1% below fair value)
  • GF Score™: 49/100 with 4 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#917 of 1944)

No single metric tells the full story. See the SHSE:600965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortune Ng Fung Food (hebei) Co Business Description

Address Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
49GF Score

Get the complete analysis for SHSE:600965

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

¥2.97
Price
¥5.31
GF Value