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CECEP Wind PowerSHSE:601016 -1.18%73 Piotroski F-Score is 5 as of Aug. 31, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates SHSE:601016 with a GF Score™ of 73/100 and a GF Value™ of ¥2.72 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 428 Utilities - Independent Power Producers companies, CECEP Wind Power ranks better than 62.15% 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
CECEP Wind Power 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 CECEP Wind Power's Piotroski F-Score or its related term are showing as below:
SHSE:601016'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of CECEP Wind Power was 8. The lowest was 3. And the median was 6.
CECEP Wind Power (SHSE:601016) 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.
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.
CECEP Wind Power Piotroski F-Score Related Terms
CECEP Wind Power Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CECEP Wind Power'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.
CECEP Wind Power Piotroski F-Score Competitor Comparison
For the Utilities - Renewable subindustry, CECEP Wind Power'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.
CECEP Wind Power Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, CECEP Wind Power's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CECEP Wind Power'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 119.699 + -64.586 + 203.993 + 160.482 = ¥420 Mil. Cash Flow from Operations was 1730.461 + 774.568 + 596.731 + 817.683 = ¥3,919 Mil. Revenue was 966.077 + 1085.129 + 1121.869 + 1066.482 = ¥4,240 Mil. Gross Profit was 307.521 + 398.713 + 466.035 + 404.44 = ¥1,577 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(44457.936 + 44968.029 + 44393.551 + 46004.036 + 45678.405) / 5 = ¥45100.3914 Mil. Total Assets at the begining of this year (Jun25) was ¥44,458 Mil. Long-Term Debt & Capital Lease Obligation was ¥17,623 Mil. Total Current Assets was ¥11,944 Mil. Total Current Liabilities was ¥7,840 Mil.
Net Income was 306.566 + 149.392 + 391.792 + 238.798 = ¥1,087 Mil.
Revenue was 1167.502 + 1216.447 + 1307.516 + 1136.718 = ¥4,828 Mil. Gross Profit was 537.509 + 508.026 + 664.39 + 487.827 = ¥2,198 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(42982.338 + 43896.658 + 44065.669 + 44494.187 + 44457.936) / 5 = ¥43979.3576 Mil. Total Assets at the begining of last year (Jun24) was ¥42,982 Mil. Long-Term Debt & Capital Lease Obligation was ¥20,943 Mil. Total Current Assets was ¥11,074 Mil. Total Current Liabilities was ¥4,739 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.
CECEP Wind Power's current Net Income (TTM) was 420.
==> 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.
CECEP Wind Power's return on assets of this year was 0.00943787. CECEP Wind Power's return on assets of last year was 0.02527894.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CECEP Wind Power's gearing of this year was 0.39075608. CECEP Wind Power's gearing of last year was 0.47619479.
==> 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
CECEP Wind Power's current ratio of this year was 1.52360489. CECEP Wind Power's current ratio of last year was 2.33668388.
==> 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.
CECEP Wind Power's number of shares in issue this year was 6436.542. CECEP Wind Power's number of shares in issue last year was 6661.772.
==> 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.
CECEP Wind Power's gross margin of this year was 0.37190419. CECEP Wind Power's gross margin of last year was 0.45519236.
==> 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
CECEP Wind Power's asset turnover of this year was 0.09536108. CECEP Wind Power's asset turnover of last year was 0.11232946.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CECEP Wind Power has an F-score of 5 indicating the company's financial situation is typical for a stable company.
CECEP Wind Power (SHSE:601016) has a Piotroski F-Score of 5 as of Aug. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CECEP Wind Power and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, CECEP Wind Power's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, CECEP Wind Power ranks #162 out of 428 companies in the Utilities - Independent Power Producers industry, placing it in the top 37.9%.
Is CECEP Wind Power's Piotroski F-Score too high?
CECEP Wind Power's current Piotroski F-Score of 5 is 17% below 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 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. CECEP Wind Power's value of 5 is 0% at this industry median. Based on the distribution chart, CECEP Wind Power ranks #162 out of 428 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, CECEP Wind Power has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CECEP Wind Power's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, CECEP Wind Power ranks #162 out of 428 companies for Piotroski F-Score. This puts CECEP Wind Power in the upper half of its industry. The industry median Piotroski F-Score is 5.00. CECEP Wind Power's value of 5 is 0% at this benchmark. Historically, CECEP Wind Power'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 6.00 vs. the industry median of 5.00, CECEP Wind Power 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 428 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. CECEP Wind Power'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 CECEP Wind Power and its competitors. For the Utilities - Independent Power Producers 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. CECEP Wind Power's current Piotroski F-Score is 5, which is 17% below 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 CECEP Wind Power stock overvalued right now?
Based on GuruFocus' analysis, CECEP Wind Power (SHSE:601016) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥2.72, compared to a current price of ¥3.35 — trading 23.2% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Utilities - Independent Power Producers industry median of 5.00. CECEP Wind Power's overall GF Score™ is 73/100 with 9 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 CECEP Wind Power (SHSE:601016), the current Piotroski F-Score is 5 as of Aug. 31, 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 CECEP Wind Power (SHSE:601016) Overvalued in 2026?
Based on GuruFocus' analysis, CECEP Wind Power stock appears to be overvalued.
The current stock price of ¥3.35 is trading 23.2% above its estimated GF Value™ of ¥2.72.
GuruFocus considers CECEP Wind Power to be Modestly Overvalued.
Key valuation signals for SHSE:601016:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ¥2.72 vs. price of ¥3.35 (23.2% above fair value)
Industry Position: 0% at the Utilities - Independent Power Producers median (#162 of 428)
No single metric tells the full story. See the SHSE:601016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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