Solbar Ningbo Protein Technology CoSHSE:603231 +1.74%33 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates SHSE:603231 with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 1,909 Consumer Packaged Goods companies, Solbar Ningbo Protein Technology Co ranks better than 97.64% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Solbar Ningbo Protein Technology Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
SHSE:603231'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 8
During the past 7 years, the highest Piotroski F-Score of Solbar Ningbo Protein Technology Co was 8. The lowest was 3. And the median was 5.
Solbar Ningbo Protein Technology Co (SHSE:603231) 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.
Solbar Ningbo Protein Technology Co Piotroski F-Score Related Terms
Solbar Ningbo Protein Technology Co 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.
Solbar Ningbo Protein Technology Co Piotroski F-Score Chart
SHSE:603231 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Solbar Ningbo Protein Technology 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.
Solbar Ningbo Protein Technology Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Solbar Ningbo Protein Technology Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Solbar Ningbo Protein Technology Co'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.
Solbar Ningbo Protein Technology Co's current Net Income (TTM) was 177.
==> 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.
Solbar Ningbo Protein Technology Co's current Cash Flow from Operations (TTM) was 379.
==> 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.
Solbar Ningbo Protein Technology Co's return on assets of this year was 0.08281707. Solbar Ningbo Protein Technology Co's return on assets of last year was 0.06073507.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Solbar Ningbo Protein Technology Co's gearing of this year was 0. Solbar Ningbo Protein Technology Co's gearing of last year was 0.
==> 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
Solbar Ningbo Protein Technology Co's current ratio of this year was 6.22180332. Solbar Ningbo Protein Technology Co's current ratio of last year was 6.696259.
==> 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.
Solbar Ningbo Protein Technology Co's number of shares in issue this year was 186.947. Solbar Ningbo Protein Technology Co's number of shares in issue last year was 193.374.
==> 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.
Solbar Ningbo Protein Technology Co's gross margin of this year was 0.15275332. Solbar Ningbo Protein Technology Co's gross margin of last year was 0.13343756.
==> 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
Solbar Ningbo Protein Technology Co's asset turnover of this year was 0.86264616. Solbar Ningbo Protein Technology Co's asset turnover of last year was 0.72998036.
==> 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
Solbar Ningbo Protein Technology Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Solbar Ningbo Protein Technology Co (SHSE:603231) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Solbar Ningbo Protein Technology Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Solbar Ningbo Protein Technology Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Solbar Ningbo Protein Technology Co ranks #45 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Solbar Ningbo Protein Technology Co's Piotroski F-Score too high?
Solbar Ningbo Protein Technology Co's current Piotroski F-Score of 8 is 60% 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Solbar Ningbo Protein Technology Co's value of 8 is 60% above this industry median. Based on the distribution chart, Solbar Ningbo Protein Technology Co ranks #45 out of 1909 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Solbar Ningbo Protein Technology Co has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Solbar Ningbo Protein Technology Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Solbar Ningbo Protein Technology Co ranks #45 out of 1909 companies for Piotroski F-Score. This places Solbar Ningbo Protein Technology Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Solbar Ningbo Protein Technology Co's value of 8 is 60% above this benchmark. Historically, Solbar Ningbo Protein Technology 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, Solbar Ningbo Protein Technology 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Solbar Ningbo Protein Technology Co's current Piotroski F-Score of 8 is 60% 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 Solbar Ningbo Protein Technology 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. Solbar Ningbo Protein Technology Co's current Piotroski F-Score is 8, which is 60% 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 Solbar Ningbo Protein Technology Co stock overvalued right now?
Solbar Ningbo Protein Technology Co (SHSE:603231) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Consumer Packaged Goods industry median of 5.00. Solbar Ningbo Protein Technology Co's overall GF Score™ is 33/100 with 1 warning sign 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 Solbar Ningbo Protein Technology Co (SHSE:603231), the current Piotroski F-Score is 8 as of Jul. 03, 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.
Solbar Ningbo Protein Technology Co Business Description
Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.
33GF Score
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