Lafang China Co (SHSE:603630) Piotroski F-Score: 4 (As of Aug. 04, 2026) — 20% Below Median

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SHSE:603630 Lafang China Co Ltd SHSE:603630
64 GF Score
Price ¥15.19
GF Value ¥17.32
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Lafang China Co Piotroski F-Score?

Lafang China Co SHSE:603630 +2.64% 64 Piotroski F-Score is 4 as of Aug. 04, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SHSE:603630 with a GF Score™ of 64/100 and a GF Value™ of ¥17.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Lafang China Co ranks worse than 67.69% 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

Lafang China Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Lafang China Co's Piotroski F-Score or its related term are showing as below:

SHSE:603630' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Lafang China Co was 8. The lowest was 3. And the median was 5.

Lafang China Co  (SHSE:603630) 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.


Lafang China Co Piotroski F-Score Related Terms


Lafang China Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lafang China 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.

Lafang China Co Piotroski F-Score Chart

Lafang China 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 5.00 3.00 7.00 7.00 3.00

Lafang China 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 5.00 3.00 4.00 3.00 4.00

SHSE:603630 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Lafang China 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.


Lafang China Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lafang China Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:603630
64GF Score
Lafang China Co Ltd SHSE:603630
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 -6.687 + 6.197 + -43.712 + 21.461 = ¥-22.7 Mil.
Cash Flow from Operations was -12.676 + 57.136 + -8.252 + 35.387 = ¥71.6 Mil.
Revenue was 199.852 + 216.922 + 191.339 + 223.255 = ¥831.4 Mil.
Gross Profit was 101.358 + 102.013 + 97.903 + 116.251 = ¥417.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2192.18 + 2158.98 + 2173.929 + 2121.611 + 2179.493) / 5 = ¥2165.2386 Mil.
Total Assets at the begining of this year (Mar25) was ¥2,192.2 Mil.
Long-Term Debt & Capital Lease Obligation was ¥2.0 Mil.
Total Current Assets was ¥1,202.9 Mil.
Total Current Liabilities was ¥271.7 Mil.
Net Income was 9.24 + 17.456 + -13.269 + 13.049 = ¥26.5 Mil.

Revenue was 204.086 + 241.244 + 219.128 + 210.193 = ¥874.7 Mil.
Gross Profit was 101.917 + 113.239 + 108.121 + 100.633 = ¥423.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2231.374 + 2174.467 + 2218.402 + 2146.427 + 2192.18) / 5 = ¥2192.57 Mil.
Total Assets at the begining of last year (Mar24) was ¥2,231.4 Mil.
Long-Term Debt & Capital Lease Obligation was ¥0.0 Mil.
Total Current Assets was ¥1,416.1 Mil.
Total Current Liabilities was ¥242.7 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.

Lafang China Co's current Net Income (TTM) was -22.7. ==> Negative ==> Score 0.

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.

Lafang China Co's current Cash Flow from Operations (TTM) was 71.6. ==> 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)
=-22.741/2192.18
=-0.01037369

ROA (Last Year)=Net Income/Total Assets (Mar24)
=26.476/2231.374
=0.01186533

Lafang China Co's return on assets of this year was -0.01037369. Lafang China Co's return on assets of last year was 0.01186533. ==> 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.

Lafang China Co's current Net Income (TTM) was -22.7. Lafang China Co's current Cash Flow from Operations (TTM) was 71.6. ==> 71.6 > -22.7 ==> 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
=2.026/2165.2386
=0.00093569

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/2192.57
=0

Lafang China Co's gearing of this year was 0.00093569. Lafang China Co's gearing of last year was 0. ==> 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
=1202.873/271.74
=4.42655848

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1416.077/242.681
=5.83513749

Lafang China Co's current ratio of this year was 4.42655848. Lafang China Co's current ratio of last year was 5.83513749. ==> 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.

Lafang China Co's number of shares in issue this year was 214.614. Lafang China Co's number of shares in issue last year was 217.48. ==> 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
=417.525/831.368
=0.50221442

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=423.91/874.651
=0.48466188

Lafang China Co's gross margin of this year was 0.50221442. Lafang China Co's gross margin of last year was 0.48466188. ==> 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)
=831.368/2192.18
=0.37924258

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=874.651/2231.374
=0.39197866

Lafang China Co's asset turnover of this year was 0.37924258. Lafang China Co's asset turnover of last year was 0.39197866. ==> 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
=0+1+0+1+0+0+1+1+0
=4

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

Lafang China Co has an F-score of 4 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 4 mean?
Lafang China Co (SHSE:603630) has a Piotroski F-Score of 4 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lafang China Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Lafang China Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Lafang China Co ranks #1295 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 67.7%.
Is Lafang China Co's Piotroski F-Score too high?
Lafang China Co's current Piotroski F-Score of 4 is 20% below 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. Lafang China Co's value of 4 is 20% below this industry median. Based on the distribution chart, Lafang China Co ranks #1295 out of 1913 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Lafang China Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lafang China Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Lafang China Co ranks #1295 out of 1913 companies for Piotroski F-Score. This places Lafang China Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Lafang China Co's value of 4 is 20% below this benchmark. Historically, Lafang China 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, Lafang China Co has consistently been below 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 1,913 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. Lafang China Co's current Piotroski F-Score of 4 is 20% below 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 Lafang China 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. Lafang China Co's current Piotroski F-Score is 4, which is 20% below 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 Lafang China Co stock overvalued right now?
Based on GuruFocus' analysis, Lafang China Co (SHSE:603630) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥17.32, compared to a current price of ¥15.19 — trading 12.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Lafang China Co's overall GF Score™ is 64/100 with 2 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 Lafang China Co (SHSE:603630), the current Piotroski F-Score is 4 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 Lafang China Co (SHSE:603630) Overvalued in 2026?

Based on GuruFocus' analysis, Lafang China Co stock appears to be undervalued. The current stock price of ¥15.19 is trading 12.3% below its estimated GF Value™ of ¥17.32. GuruFocus considers Lafang China Co to be Modestly Undervalued.

Key valuation signals for SHSE:603630:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ¥17.32 vs. price of ¥15.19 (12.3% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1295 of 1913)

No single metric tells the full story. See the SHSE:603630 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lafang China Co Business Description

Address Longjiang Road, Lafang Building, Wanji Industrial Zone, Guangdong Province, Chaonan District, Shantou, CHN, 515041
Lafang China Co Ltd research and development, production and sales of daily chemical products.
64GF Score

Get the complete analysis for SHSE:603630

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

¥15.19
Price
¥17.32
GF Value