Bomin Electronics Co (SHSE:603936) Piotroski F-Score: 6 (As of Aug. 05, 2026) — 20% Above Median

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SHSE:603936 Bomin Electronics Co Ltd SHSE:603936
52 GF Score
Price ¥13.90
GF Value ¥10.83
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Bomin Electronics Co Piotroski F-Score?

Bomin Electronics Co SHSE:603936 +3.42% 52 Piotroski F-Score is 6 as of Aug. 05, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SHSE:603936 with a GF Score™ of 52/100 and a GF Value™ of ¥10.83 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 2,417 Hardware companies, Bomin Electronics Co ranks better than 79.15% 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

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

SHSE:603936' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bomin Electronics Co was 9. The lowest was 2. And the median was 5.

Bomin Electronics Co  (SHSE:603936) 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.


Bomin Electronics Co Piotroski F-Score Related Terms


Bomin Electronics Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bomin Electronics 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.

Bomin Electronics Co Piotroski F-Score Chart

Bomin Electronics 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 6.00 4.00 3.00 4.00 5.00

Bomin Electronics 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 4.00 4.00 5.00 6.00

SHSE:603936 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Bomin Electronics 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.


Bomin Electronics Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Bomin Electronics Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:603936
52GF Score
Bomin Electronics Co Ltd SHSE:603936
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 10.567 + 2.235 + -33.517 + -10.854 = ¥-32 Mil.
Cash Flow from Operations was 117.954 + 28.519 + 235.518 + -274.68 = ¥107 Mil.
Revenue was 882.091 + 887.332 + 1019.77 + 817.939 = ¥3,607 Mil.
Gross Profit was 117.261 + 138.448 + 158.275 + 126.81 = ¥541 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9310.909 + 9633.209 + 9920.53 + 10160.549 + 10452.688) / 5 = ¥9895.577 Mil.
Total Assets at the begining of this year (Mar25) was ¥9,311 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,723 Mil.
Total Current Assets was ¥3,796 Mil.
Total Current Liabilities was ¥4,012 Mil.
Net Income was 29.081 + -4.259 + -286.933 + 27.327 = ¥-235 Mil.

Revenue was 793.306 + 825.459 + 928.102 + 822.855 = ¥3,370 Mil.
Gross Profit was 125.473 + 97.192 + -46.753 + 108.619 = ¥285 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(8265.255 + 8525.186 + 8646.086 + 9043.075 + 9310.909) / 5 = ¥8758.1022 Mil.
Total Assets at the begining of last year (Mar24) was ¥8,265 Mil.
Long-Term Debt & Capital Lease Obligation was ¥1,593 Mil.
Total Current Assets was ¥3,513 Mil.
Total Current Liabilities was ¥3,168 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.

Bomin Electronics Co's current Net Income (TTM) was -32. ==> 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.

Bomin Electronics Co's current Cash Flow from Operations (TTM) was 107. ==> 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)
=-31.569/9310.909
=-0.00339054

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-234.784/8265.255
=-0.02840614

Bomin Electronics Co's return on assets of this year was -0.00339054. Bomin Electronics Co's return on assets of last year was -0.02840614. ==> This year is higher. ==> Score 1.

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.

Bomin Electronics Co's current Net Income (TTM) was -32. Bomin Electronics Co's current Cash Flow from Operations (TTM) was 107. ==> 107 > -32 ==> 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
=1723.351/9895.577
=0.17415366

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1592.524/8758.1022
=0.18183437

Bomin Electronics Co's gearing of this year was 0.17415366. Bomin Electronics Co's gearing of last year was 0.18183437. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=3795.803/4012.064
=0.94609732

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3513.115/3167.842
=1.10899313

Bomin Electronics Co's current ratio of this year was 0.94609732. Bomin Electronics Co's current ratio of last year was 1.10899313. ==> 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.

Bomin Electronics Co's number of shares in issue this year was 542.719. Bomin Electronics Co's number of shares in issue last year was 683.173. ==> 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
=540.794/3607.132
=0.14992354

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=284.531/3369.722
=0.08443753

Bomin Electronics Co's gross margin of this year was 0.14992354. Bomin Electronics Co's gross margin of last year was 0.08443753. ==> 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)
=3607.132/9310.909
=0.38740922

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3369.722/8265.255
=0.40769728

Bomin Electronics Co's asset turnover of this year was 0.38740922. Bomin Electronics Co's asset turnover of last year was 0.40769728. ==> 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+1+1+1+0+1+1+0
=6

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

Bomin Electronics Co has an F-score of 6 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 6 mean?
Bomin Electronics Co (SHSE:603936) has a Piotroski F-Score of 6 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bomin Electronics Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Bomin Electronics Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Bomin Electronics Co ranks #504 out of 2417 companies in the Hardware industry, placing it in the top 20.9%.
Is Bomin Electronics Co's Piotroski F-Score too high?
Bomin Electronics 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 9.00. The Hardware industry median Piotroski F-Score is 5.00. Bomin Electronics Co's value of 6 is 20% above this industry median. Based on the distribution chart, Bomin Electronics Co ranks #504 out of 2417 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Bomin Electronics Co has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bomin Electronics Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Bomin Electronics Co ranks #504 out of 2417 companies for Piotroski F-Score. This places Bomin Electronics Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bomin Electronics Co's value of 6 is 20% above this benchmark. Historically, Bomin Electronics Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Bomin Electronics 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,417 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. Bomin Electronics 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 Bomin Electronics Co and its competitors. For the Hardware 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. Bomin Electronics 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 Bomin Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Bomin Electronics Co (SHSE:603936) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.83, compared to a current price of ¥13.90 — trading 28.3% above 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 Hardware industry median of 5.00. Bomin Electronics Co's overall GF Score™ is 52/100 with 10 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 Bomin Electronics Co (SHSE:603936), the current Piotroski F-Score is 6 as of Aug. 05, 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 Bomin Electronics Co (SHSE:603936) Overvalued in 2026?

Based on GuruFocus' analysis, Bomin Electronics Co stock appears to be overvalued. The current stock price of ¥13.90 is trading 28.3% above its estimated GF Value™ of ¥10.83. GuruFocus considers Bomin Electronics Co to be Modestly Overvalued.

Key valuation signals for SHSE:603936:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ¥10.83 vs. price of ¥13.90 (28.3% above fair value)
  • GF Score™: 52/100 with 10 warning signs
  • Industry Position: 20% above the Hardware median (#504 of 2417)

No single metric tells the full story. See the SHSE:603936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bomin Electronics Co Business Description

Address Intersection of Baohua Road and Haitian Road, 28th Floor, Block C, Baozhong Excellence Times Square, Baoan District, Shenzhen, CHN
Bomin Electronics Co Ltd is a PCB manufacturer. The company is engaged in the production of high-end printed circuit boards, integrating design, processing, sales, and foreign trade. The company products include HDI (high-density interconnect) board, ordinary double-sided, multi-layer, microwave high frequency, thick copper, metal, and soft board, soft and hard board. The products are used in communication equipment, medical equipment high-tech fields such as military high-tech products, inspection systems, aerospace, and home electronics.
52GF Score

Get the complete analysis for SHSE:603936

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

¥13.90
Price
¥10.83
GF Value