Goneo Group Co (SHSE:603195) Piotroski F-Score: 5 (As of Aug. 02, 2026) — 25% Above Median

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SHSE:603195 Goneo Group Co Ltd SHSE:603195
95 GF Score
Price ¥41.73
GF Value ¥51.27
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Goneo Group Co Piotroski F-Score?

Goneo Group Co SHSE:603195 -1.28% 95 Piotroski F-Score is 5 as of Aug. 02, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates SHSE:603195 with a GF Score™ of 95/100 and a GF Value™ of ¥51.27 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,959 Industrial Products companies, Goneo Group Co ranks better than 56.3% 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

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

SHSE:603195' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 9
Current: 5

During the past 11 years, the highest Piotroski F-Score of Goneo Group Co was 9. The lowest was 3. And the median was 4.

Goneo Group Co  (SHSE:603195) 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.


Goneo Group Co Piotroski F-Score Related Terms


Goneo Group Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Goneo Group 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.

Goneo Group Co Piotroski F-Score Chart

Goneo Group 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 4.00 6.00 8.00 4.00 4.00

Goneo Group Co 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 3.00 3.00 4.00 5.00

SHSE:603195 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Goneo Group 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.


Goneo Group Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goneo Group Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:603195
95GF Score
Goneo Group Co Ltd SHSE:603195
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 1084.711 + 919.195 + 1091.81 + 1058.244 = ¥4,154 Mil.
Cash Flow from Operations was 965.367 + 1243.684 + 1122.205 + 1699.188 = ¥5,030 Mil.
Revenue was 4245.634 + 4029.755 + 3828.631 + 4060.221 = ¥16,164 Mil.
Gross Profit was 1847.324 + 1679.731 + 1776.202 + 1735.329 = ¥7,039 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(21892.363 + 20194.374 + 21273.829 + 22556.243 + 24376.117) / 5 = ¥22058.5852 Mil.
Total Assets at the begining of this year (Mar25) was ¥21,892 Mil.
Long-Term Debt & Capital Lease Obligation was ¥235 Mil.
Total Current Assets was ¥20,106 Mil.
Total Current Liabilities was ¥6,091 Mil.
Net Income was 1309.467 + 1024.666 + 1008.802 + 974.916 = ¥4,318 Mil.

Revenue was 4583.408 + 4216.85 + 4227.498 + 3922.293 = ¥16,950 Mil.
Gross Profit was 1998.103 + 1833.123 + 1844.162 + 1609.869 = ¥7,285 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(21296.751 + 19049.016 + 19338.847 + 20494.034 + 21892.363) / 5 = ¥20414.2022 Mil.
Total Assets at the begining of last year (Mar24) was ¥21,297 Mil.
Long-Term Debt & Capital Lease Obligation was ¥15 Mil.
Total Current Assets was ¥17,758 Mil.
Total Current Liabilities was ¥4,781 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.

Goneo Group Co's current Net Income (TTM) was 4,154. ==> 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.

Goneo Group Co's current Cash Flow from Operations (TTM) was 5,030. ==> 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)
=4153.96/21892.363
=0.18974471

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4317.851/21296.751
=0.20274694

Goneo Group Co's return on assets of this year was 0.18974471. Goneo Group Co's return on assets of last year was 0.20274694. ==> 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.

Goneo Group Co's current Net Income (TTM) was 4,154. Goneo Group Co's current Cash Flow from Operations (TTM) was 5,030. ==> 5,030 > 4,154 ==> 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
=234.872/22058.5852
=0.01064765

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=15.31/20414.2022
=0.00074997

Goneo Group Co's gearing of this year was 0.01064765. Goneo Group Co's gearing of last year was 0.00074997. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=20105.837/6090.755
=3.30104182

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=17757.631/4780.863
=3.71431497

Goneo Group Co's current ratio of this year was 3.30104182. Goneo Group Co's current ratio of last year was 3.71431497. ==> 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.

Goneo Group Co's number of shares in issue this year was 1793.634. Goneo Group Co's number of shares in issue last year was 1805.401. ==> 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
=7038.586/16164.241
=0.43544179

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7285.257/16950.049
=0.42980743

Goneo Group Co's gross margin of this year was 0.43544179. Goneo Group Co's gross margin of last year was 0.42980743. ==> 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)
=16164.241/21892.363
=0.73835068

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=16950.049/21296.751
=0.79589835

Goneo Group Co's asset turnover of this year was 0.73835068. Goneo Group Co's asset turnover of last year was 0.79589835. ==> 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+0+0+1+1+0
=5

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

Goneo Group 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?
Goneo Group Co (SHSE:603195) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Goneo Group Co and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Goneo Group Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Goneo Group Co ranks #1293 out of 2959 companies in the Industrial Products industry, placing it in the top 43.7%.
Is Goneo Group Co's Piotroski F-Score too high?
Goneo Group Co's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Goneo Group Co's value of 5 is 0% at this industry median. Based on the distribution chart, Goneo Group Co ranks #1293 out of 2959 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Goneo Group Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goneo Group Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Goneo Group Co ranks #1293 out of 2959 companies for Piotroski F-Score. This puts Goneo Group Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Goneo Group Co's value of 5 is 0% at this benchmark. Historically, Goneo Group Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Goneo Group 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,959 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. Goneo Group 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 Goneo Group Co and its competitors. For the Industrial Products 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. Goneo Group Co's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goneo Group Co stock overvalued right now?
Based on GuruFocus' analysis, Goneo Group Co (SHSE:603195) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥51.27, compared to a current price of ¥41.73 — trading 18.6% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Industrial Products industry median of 5.00. Goneo Group Co's overall GF Score™ is 95/100 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 Goneo Group Co (SHSE:603195), the current Piotroski F-Score is 5 as of Aug. 02, 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 Goneo Group Co (SHSE:603195) Overvalued in 2026?

Based on GuruFocus' analysis, Goneo Group Co stock appears to be undervalued. The current stock price of ¥41.73 is trading 18.6% below its estimated GF Value™ of ¥51.27. GuruFocus considers Goneo Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:603195:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: ¥51.27 vs. price of ¥41.73 (18.6% below fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 0% at the Industrial Products median (#1293 of 2959)

No single metric tells the full story. See the SHSE:603195 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Goneo Group Co Business Description

Address No. 3888, Yingang East Road, Tower A7, Qingpu District, Shanghai, CHN, 201703
Goneo Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.
95GF Score

Get the complete analysis for SHSE:603195

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

¥41.73
Price
¥51.27
GF Value