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.
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.
UE Furniture CoSHSE:603600 +0.10%79 Piotroski F-Score is 6 as of Aug. 04, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SHSE:603600 with a GF Score™ of 79/100 and a GF Value™ of ¥13.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, UE Furniture Co ranks better than 77.93% 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
UE Furniture Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for UE Furniture Co's Piotroski F-Score or its related term are showing as below:
SHSE:603600'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of UE Furniture Co was 7. The lowest was 2. And the median was 5.
UE Furniture Co (SHSE:603600) 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.
UE Furniture Co Piotroski F-Score Related Terms
UE Furniture Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for UE Furniture 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.
SHSE:603600 vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, UE Furniture 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.
UE Furniture Co Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, UE Furniture Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where UE Furniture 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.
UE Furniture Co's current Net Income (TTM) was 247.
==> 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.
UE Furniture Co's return on assets of this year was 0.05761641. UE Furniture Co's return on assets of last year was 0.08834383.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
UE Furniture Co's gearing of this year was 0.00446226. UE Furniture Co's gearing of last year was 0.01855585.
==> 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
UE Furniture Co's current ratio of this year was 1.3433181. UE Furniture Co's current ratio of last year was 1.32478083.
==> 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.
UE Furniture Co's number of shares in issue this year was 327.475. UE Furniture Co's number of shares in issue last year was 338.551.
==> 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.
UE Furniture Co's gross margin of this year was 0.20725709. UE Furniture Co's gross margin of last year was 0.21347879.
==> 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
UE Furniture Co's asset turnover of this year was 1.16817733. UE Furniture Co's asset turnover of last year was 1.39243304.
==> 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
+
1
+
1
+
1
+
0
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
UE Furniture Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
UE Furniture Co (SHSE:603600) has a Piotroski F-Score of 6 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on UE Furniture Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, UE Furniture Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, UE Furniture Co ranks #94 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 22.1%.
Is UE Furniture Co's Piotroski F-Score too high?
UE Furniture Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. UE Furniture Co's value of 6 is 20% above this industry median. Based on the distribution chart, UE Furniture Co ranks #94 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, UE Furniture Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UE Furniture Co's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, UE Furniture Co ranks #94 out of 426 companies for Piotroski F-Score. This places UE Furniture Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. UE Furniture Co's value of 6 is 20% above this benchmark. Historically, UE Furniture Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, UE Furniture 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 426 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. UE Furniture Co's current Piotroski F-Score of 6 is 20% 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 UE Furniture Co and its competitors. For the Furnishings, Fixtures & Appliances 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. UE Furniture Co's current Piotroski F-Score is 6, which is 20% 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 UE Furniture Co stock overvalued right now?
Based on GuruFocus' analysis, UE Furniture Co (SHSE:603600) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.39, compared to a current price of ¥9.64 — trading 28% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Furnishings, Fixtures & Appliances industry median of 5.00. UE Furniture Co's overall GF Score™ is 79/100 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 UE Furniture Co (SHSE:603600), the current Piotroski F-Score is 6 as of Aug. 04, 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 UE Furniture Co (SHSE:603600) Overvalued in 2026?
Based on GuruFocus' analysis, UE Furniture Co stock appears to be undervalued.
The current stock price of ¥9.64 is trading 28% below its estimated GF Value™ of ¥13.39.
GuruFocus considers UE Furniture Co to be Modestly Undervalued.
Key valuation signals for SHSE:603600:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ¥13.39 vs. price of ¥9.64 (28% below fair value)
Industry Position: 20% above the Furnishings, Fixtures & Appliances median (#94 of 426)
No single metric tells the full story. See the SHSE:603600 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UE Furniture Co Ltd is specialized in the research, development, production, and sales of seats. Its products involve office chairs and training, Training chairs, massage chairs, leisure chairs, children's chairs, partly functional seating metal parts sofas and functional seat accessories.
79GF Score
Get the complete analysis for SHSE:603600
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603600 has been successfully added to your 
