Keeson Technology (SHSE:603610) Piotroski F-Score: 5 (As of Jul. 26, 2026) — Near Median

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SHSE:603610 Keeson Technology Corp Ltd SHSE:603610
78 GF Score
Price ¥12.53
GF Value ¥13.79
Valuation Fairly Valued
! 5 Warning Signs
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What is Keeson Technology Piotroski F-Score?

Keeson Technology SHSE:603610 -2.94% 78 Piotroski F-Score is 5 as of Jul. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates SHSE:603610 with a GF Score™ of 78/100 and a GF Value™ of ¥13.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 424 Furnishings, Fixtures & Appliances companies, Keeson Technology ranks better than 59.2% 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

Keeson Technology 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 Keeson Technology's Piotroski F-Score or its related term are showing as below:

SHSE:603610' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 11 years, the highest Piotroski F-Score of Keeson Technology was 8. The lowest was 2. And the median was 5.

Keeson Technology  (SHSE:603610) 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.


Keeson Technology Piotroski F-Score Related Terms


Keeson Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Keeson Technology'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.

Keeson Technology Piotroski F-Score Chart

Keeson Technology 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 5.00 4.00 7.00 3.00 4.00

Keeson Technology 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 3.00 7.00 5.00 4.00 5.00

SHSE:603610 vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Keeson Technology'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.


Keeson Technology Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Keeson Technology's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Keeson Technology's Piotroski F-Score falls into.


SHSE:603610
78GF Score
Keeson Technology Corp Ltd SHSE:603610
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 61.184 + 41.334 + -42.056 + 33.717 = ¥94 Mil.
Cash Flow from Operations was 214.939 + 189.53 + 124.916 + 38.304 = ¥568 Mil.
Revenue was 672.781 + 764.43 + 805.929 + 868.189 = ¥3,111 Mil.
Gross Profit was 231.342 + 246.715 + 274.277 + 275.785 = ¥1,028 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4778.654 + 4636.095 + 4618.808 + 4946.861 + 4938.278) / 5 = ¥4783.7392 Mil.
Total Assets at the begining of this year (Mar25) was ¥4,779 Mil.
Long-Term Debt & Capital Lease Obligation was ¥673 Mil.
Total Current Assets was ¥2,203 Mil.
Total Current Liabilities was ¥1,060 Mil.
Net Income was 40.158 + 66.044 + 4.906 + 44.478 = ¥156 Mil.

Revenue was 702.399 + 763.667 + 736.056 + 786.622 = ¥2,989 Mil.
Gross Profit was 230.969 + 265.059 + 288.529 + 261.724 = ¥1,046 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5078.932 + 4523.417 + 4660.552 + 4736.56 + 4778.654) / 5 = ¥4755.623 Mil.
Total Assets at the begining of last year (Mar24) was ¥5,079 Mil.
Long-Term Debt & Capital Lease Obligation was ¥557 Mil.
Total Current Assets was ¥2,412 Mil.
Total Current Liabilities was ¥1,011 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.

Keeson Technology's current Net Income (TTM) was 94. ==> 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.

Keeson Technology's current Cash Flow from Operations (TTM) was 568. ==> 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)
=94.179/4778.654
=0.01970827

ROA (Last Year)=Net Income/Total Assets (Mar24)
=155.586/5078.932
=0.03063361

Keeson Technology's return on assets of this year was 0.01970827. Keeson Technology's return on assets of last year was 0.03063361. ==> 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.

Keeson Technology's current Net Income (TTM) was 94. Keeson Technology's current Cash Flow from Operations (TTM) was 568. ==> 568 > 94 ==> 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
=673.496/4783.7392
=0.14078861

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=556.999/4755.623
=0.1171243

Keeson Technology's gearing of this year was 0.14078861. Keeson Technology's gearing of last year was 0.1171243. ==> 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
=2203.261/1059.937
=2.07867166

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2412.281/1010.71
=2.38671924

Keeson Technology's current ratio of this year was 2.07867166. Keeson Technology's current ratio of last year was 2.38671924. ==> 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.

Keeson Technology's number of shares in issue this year was 337.173. Keeson Technology's number of shares in issue last year was 342.142. ==> 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
=1028.119/3111.329
=0.33044368

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1046.281/2988.744
=0.35007381

Keeson Technology's gross margin of this year was 0.33044368. Keeson Technology's gross margin of last year was 0.35007381. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3111.329/4778.654
=0.65108899

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2988.744/5078.932
=0.58845915

Keeson Technology's asset turnover of this year was 0.65108899. Keeson Technology's asset turnover of last year was 0.58845915. ==> 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+0+1+0+0+1+0+1
=5

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

Keeson Technology 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?
Keeson Technology (SHSE:603610) has a Piotroski F-Score of 5 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Keeson Technology and its competitors. This is near median its historical median of 5.00. Over the past decade, Keeson Technology's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Keeson Technology ranks #173 out of 424 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.8%.
Is Keeson Technology's Piotroski F-Score too high?
Keeson Technology's current Piotroski F-Score of 5 is near 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 8.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Keeson Technology's value of 5 is 0% at this industry median. Based on the distribution chart, Keeson Technology ranks #173 out of 424 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Keeson Technology has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keeson Technology's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Keeson Technology ranks #173 out of 424 companies for Piotroski F-Score. This puts Keeson Technology in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Keeson Technology's value of 5 is 0% at this benchmark. Historically, Keeson Technology's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Keeson Technology 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 a Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 424 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. Keeson Technology'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 Keeson Technology 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. Keeson Technology's current Piotroski F-Score is 5, which is near 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 Keeson Technology stock overvalued right now?
Based on GuruFocus' analysis, Keeson Technology (SHSE:603610) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.79, compared to a current price of ¥12.53 — trading 9.1% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Furnishings, Fixtures & Appliances industry median of 5.00. Keeson Technology's overall GF Score™ is 78/100 with 5 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 Keeson Technology (SHSE:603610), the current Piotroski F-Score is 5 as of Jul. 26, 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 Keeson Technology (SHSE:603610) Overvalued in 2026?

Based on GuruFocus' analysis, Keeson Technology stock appears to be undervalued. The current stock price of ¥12.53 is trading 9.1% below its estimated GF Value™ of ¥13.79. GuruFocus considers Keeson Technology to be Fairly Valued.

Key valuation signals for SHSE:603610:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ¥13.79 vs. price of ¥12.53 (9.1% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 0% at the Furnishings, Fixtures & Appliances median (#173 of 424)

No single metric tells the full story. See the SHSE:603610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keeson Technology Business Description

Address No. 158 Qiumao Road, Wangjiangyu Town, Xiuzhou District, Zhejiang Province, Jiaxing, CHN, 314016
Keeson Technology Corp Ltd is engaged in the Research, design, production and sales of intelligent electric beds and related products.
78GF Score

Get the complete analysis for SHSE:603610

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

¥12.53
Price
¥13.79
GF Value