JHT Design Co (SHSE:603061) Piotroski F-Score: 7 (As of Aug. 14, 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SHSE:603061 JHT Design Co Ltd SHSE:603061
74 GF Score
Price ¥333.22
GF Value ¥141.85
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is JHT Design Co Piotroski F-Score?

JHT Design Co SHSE:603061 -1.41% 74 Piotroski F-Score is 7 as of Aug. 14, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates SHSE:603061 with a GF Score™ of 74/100 and a GF Value™ of ¥141.85 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 978 Semiconductors companies, JHT Design Co ranks better than 92.43% 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

JHT Design 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 JHT Design Co's Piotroski F-Score or its related term are showing as below:

SHSE:603061' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of JHT Design Co was 7. The lowest was 3. And the median was 5.

JHT Design Co  (SHSE:603061) 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.


JHT Design Co Piotroski F-Score Related Terms


JHT Design Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for JHT Design 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.

JHT Design Co Piotroski F-Score Chart

JHT Design Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 3.00 3.00 5.00

JHT Design Co Quarterly Data
Dec20 Jun21 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 7.00 5.00 5.00 5.00 7.00

SHSE:603061 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, JHT Design 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.


JHT Design Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, JHT Design Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where JHT Design Co's Piotroski F-Score falls into.


SHSE:603061
74GF Score
JHT Design Co Ltd SHSE:603061
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 50.347 + 48.976 + 51.544 + 82.502 = ¥233.4 Mil.
Cash Flow from Operations was 10.593 + 33.374 + 77.858 + 101.832 = ¥223.7 Mil.
Revenue was 178.81 + 174.18 + 216.58 + 283.92 = ¥853.5 Mil.
Gross Profit was 95.901 + 92.225 + 114.304 + 150.36 = ¥452.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1664.324 + 1789.761 + 1956.34 + 2149.652 + 2356.851) / 5 = ¥1983.3856 Mil.
Total Assets at the begining of this year (Mar25) was ¥1,664.3 Mil.
Long-Term Debt & Capital Lease Obligation was ¥6.7 Mil.
Total Current Assets was ¥1,770.4 Mil.
Total Current Liabilities was ¥607.2 Mil.
Net Income was 24.784 + 5.252 + 33.553 + 25.659 = ¥89.2 Mil.

Revenue was 94.573 + 73.194 + 150.335 + 128.606 = ¥446.7 Mil.
Gross Profit was 47.014 + 36.612 + 68.095 + 62.066 = ¥213.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1418.537 + 1499.587 + 1498.379 + 1598.566 + 1664.324) / 5 = ¥1535.8786 Mil.
Total Assets at the begining of last year (Mar24) was ¥1,418.5 Mil.
Long-Term Debt & Capital Lease Obligation was ¥12.2 Mil.
Total Current Assets was ¥1,230.0 Mil.
Total Current Liabilities was ¥288.0 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.

JHT Design Co's current Net Income (TTM) was 233.4. ==> 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.

JHT Design Co's current Cash Flow from Operations (TTM) was 223.7. ==> 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)
=233.369/1664.324
=0.14021849

ROA (Last Year)=Net Income/Total Assets (Mar24)
=89.248/1418.537
=0.06291552

JHT Design Co's return on assets of this year was 0.14021849. JHT Design Co's return on assets of last year was 0.06291552. ==> 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.

JHT Design Co's current Net Income (TTM) was 233.4. JHT Design Co's current Cash Flow from Operations (TTM) was 223.7. ==> 223.7 <= 233.4 ==> CFROA <= ROA ==> Score 0.

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
=6.67/1983.3856
=0.00336294

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=12.234/1535.8786
=0.00796547

JHT Design Co's gearing of this year was 0.00336294. JHT Design Co's gearing of last year was 0.00796547. ==> 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
=1770.43/607.23
=2.91558388

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1230.02/287.977
=4.27124388

JHT Design Co's current ratio of this year was 2.91558388. JHT Design Co's current ratio of last year was 4.27124388. ==> 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.

JHT Design Co's number of shares in issue this year was 58.512. JHT Design Co's number of shares in issue last year was 82.677. ==> 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
=452.79/853.49
=0.53051588

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=213.787/446.708
=0.47858333

JHT Design Co's gross margin of this year was 0.53051588. JHT Design Co's gross margin of last year was 0.47858333. ==> 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)
=853.49/1664.324
=0.51281481

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=446.708/1418.537
=0.31490754

JHT Design Co's asset turnover of this year was 0.51281481. JHT Design Co's asset turnover of last year was 0.31490754. ==> 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+1+0+1+0+1+1+1
=7

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

JHT Design 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?
JHT Design Co (SHSE:603061) has a Piotroski F-Score of 7 as of Aug. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on JHT Design Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, JHT Design Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, JHT Design Co ranks #74 out of 978 companies in the Semiconductors industry, placing it in the top 7.6%.
Is JHT Design Co's Piotroski F-Score too high?
JHT Design Co's current Piotroski F-Score of 7 is 40% above 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 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. JHT Design Co's value of 7 is 40% above this industry median. Based on the distribution chart, JHT Design Co ranks #74 out of 978 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, JHT Design Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JHT Design Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, JHT Design Co ranks #74 out of 978 companies for Piotroski F-Score. This places JHT Design Co in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. JHT Design Co's value of 7 is 40% above this benchmark. Historically, JHT Design Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, JHT Design 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 978 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. JHT Design 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 JHT Design Co and its competitors. For the Semiconductors 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. JHT Design Co's current Piotroski F-Score is 7, which is 40% 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 JHT Design Co stock overvalued right now?
Based on GuruFocus' analysis, JHT Design Co (SHSE:603061) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥141.85, compared to a current price of ¥333.22 — trading 134.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Semiconductors industry median of 5.00. JHT Design Co's overall GF Score™ is 74/100 with 3 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 JHT Design Co (SHSE:603061), the current Piotroski F-Score is 7 as of Aug. 14, 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 JHT Design Co (SHSE:603061) Overvalued in 2026?

Based on GuruFocus' analysis, JHT Design Co stock appears to be overvalued. The current stock price of ¥333.22 is trading 134.9% above its estimated GF Value™ of ¥141.85. GuruFocus considers JHT Design Co to be Significantly Overvalued.

Key valuation signals for SHSE:603061:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: ¥141.85 vs. price of ¥333.22 (134.9% above fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 40% above the Semiconductors median (#74 of 978)

No single metric tells the full story. See the SHSE:603061 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JHT Design Co Business Description

Address A106, No. 8 Wuhua Road, Huayuan Industrial Zone, Tianjin, CHN, 300384
JHT Design Co Ltd is engaged in the research and development, production and sales of semiconductor chip testing equipment.
74GF Score

Get the complete analysis for SHSE:603061

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

¥333.22
Price
¥141.85
GF Value