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Hangzhou Lion Microelectronics Co (SHSE:605358) 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.
Hangzhou Lion Microelectronics Co Piotroski F-Score Related Terms
Hangzhou Lion Microelectronics 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.
Hangzhou Lion Microelectronics Co Piotroski F-Score Chart
SHSE:605358 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, Hangzhou Lion Microelectronics 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.
Hangzhou Lion Microelectronics Co Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hangzhou Lion Microelectronics Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hangzhou Lion Microelectronics 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.
Hangzhou Lion Microelectronics Co's current Net Income (TTM) was 69.
==> 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.
Hangzhou Lion Microelectronics Co's current Cash Flow from Operations (TTM) was 865.
==> 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.
Hangzhou Lion Microelectronics Co's return on assets of this year was 0.00355566. Hangzhou Lion Microelectronics Co's return on assets of last year was -0.01726465.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hangzhou Lion Microelectronics Co's gearing of this year was 0.10983798. Hangzhou Lion Microelectronics Co's gearing of last year was 0.2848213.
==> 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
Hangzhou Lion Microelectronics Co's current ratio of this year was 1.65223171. Hangzhou Lion Microelectronics Co's current ratio of last year was 1.43833668.
==> 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.
Hangzhou Lion Microelectronics Co's number of shares in issue this year was 677.083. Hangzhou Lion Microelectronics Co's number of shares in issue last year was 661.809.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Hangzhou Lion Microelectronics Co's gross margin of this year was 0.11188433. Hangzhou Lion Microelectronics Co's gross margin of last year was 0.08345414.
==> 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
Hangzhou Lion Microelectronics Co's asset turnover of this year was 0.2084727. Hangzhou Lion Microelectronics Co's asset turnover of last year was 0.17476415.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hangzhou Lion Microelectronics Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Hangzhou Lion Microelectronics Co (SHSE:605358) has a Piotroski F-Score of 8 as of Sep. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hangzhou Lion Microelectronics Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Hangzhou Lion Microelectronics Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Hangzhou Lion Microelectronics Co ranks #8 out of 1007 companies in the Semiconductors industry, placing it in the top 0.8%.
Is Hangzhou Lion Microelectronics Co's Piotroski F-Score too high?
Hangzhou Lion Microelectronics 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 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. Hangzhou Lion Microelectronics Co's value of 8 is 60% above this industry median. Based on the distribution chart, Hangzhou Lion Microelectronics Co ranks #8 out of 1007 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Hangzhou Lion Microelectronics Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Lion Microelectronics Co's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Hangzhou Lion Microelectronics Co ranks #8 out of 1007 companies for Piotroski F-Score. This places Hangzhou Lion Microelectronics Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hangzhou Lion Microelectronics Co's value of 8 is 60% above this benchmark. Historically, Hangzhou Lion Microelectronics Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hangzhou Lion Microelectronics 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 1,007 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. Hangzhou Lion Microelectronics 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 Hangzhou Lion Microelectronics Co and its competitors. For the Semiconductors 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. Hangzhou Lion Microelectronics 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 Hangzhou Lion Microelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Lion Microelectronics Co (SHSE:605358) is currently considered Fairly Valued. The stock's GF Value™ is ¥36.49, compared to a current price of ¥40.15 — trading 10% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Semiconductors industry median of 5.00. Hangzhou Lion Microelectronics Co's overall GF Score™ is 76/100 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 Hangzhou Lion Microelectronics Co (SHSE:605358), the current Piotroski F-Score is 8 as of Sep. 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 Hangzhou Lion Microelectronics Co (SHSE:605358) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Lion Microelectronics Co stock appears to be overvalued.
The current stock price of ¥40.15 is trading 10% above its estimated GF Value™ of ¥36.49.
GuruFocus considers Hangzhou Lion Microelectronics Co to be Fairly Valued.
Key valuation signals for SHSE:605358:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: ¥36.49 vs. price of ¥40.15 (10% above fair value)
Industry Position: 60% above the Semiconductors median (#8 of 1007)
No single metric tells the full story. See the SHSE:605358 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou Lion Microelectronics Co Ltd is engaged in research and development, production and sales of semiconductor silicon wafers and semiconductor discrete device chips, as well as the production and sales of finished semiconductor discrete devices.
76GF Score
Get the complete analysis for SHSE:605358
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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