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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Railway Signalmmunication 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 China Railway Signalmmunication's Piotroski F-Score or its related term are showing as below:
SHSE:688009'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 8
Current: 5
During the past 12 years, the highest Piotroski F-Score of China Railway Signalmmunication was 8. The lowest was 1. And the median was 3.
China Railway Signalmmunication (SHSE:688009) 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.
China Railway Signalmmunication Piotroski F-Score Related Terms
China Railway Signalmmunication 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.
China Railway Signalmmunication Piotroski F-Score Chart
SHSE:688009 vs UNP, CSX, NSC: Piotroski F-Score Comparison
For the Railroads subindustry, China Railway Signalmmunication'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.
China Railway Signalmmunication Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, China Railway Signalmmunication's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where China Railway Signalmmunication'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.
Net Income was 911.243 + 604.491 + 994.573 + 759.533 = ¥3,270 Mil.
Revenue was 12375.488 + 6509.427 + 7740.882 + 6563.845 = ¥33,190 Mil. Gross Profit was 3242.388 + 1784.267 + 2385.815 + 2087.554 = ¥9,500 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(117288.274 + 118990.488 + 118076.302 + 118548.74 + 117882.255) / 5 = ¥118157.2118 Mil. Total Assets at the begining of last year (Sep23) was ¥117,288 Mil. Long-Term Debt & Capital Lease Obligation was ¥3,087 Mil. Total Current Assets was ¥91,342 Mil. Total Current Liabilities was ¥64,575 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.
China Railway Signalmmunication's current Net Income (TTM) was 3,202.
==> 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.
China Railway Signalmmunication's current Cash Flow from Operations (TTM) was 4,947.
==> 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.
China Railway Signalmmunication's return on assets of this year was 0.02716295. China Railway Signalmmunication's return on assets of last year was 0.02787866.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
China Railway Signalmmunication's gearing of this year was 0.06506185. China Railway Signalmmunication's gearing of last year was 0.02613011.
==> 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
China Railway Signalmmunication's current ratio of this year was 1.56055073. China Railway Signalmmunication's current ratio of last year was 1.41450815.
==> 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.
China Railway Signalmmunication's number of shares in issue this year was 10589.819. China Railway Signalmmunication's number of shares in issue last year was 10720.897.
==> 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.
China Railway Signalmmunication's gross margin of this year was 0.2850194. China Railway Signalmmunication's gross margin of last year was 0.2862346.
==> 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
China Railway Signalmmunication's asset turnover of this year was 0.26761434. China Railway Signalmmunication's asset turnover of last year was 0.28297494.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
China Railway Signalmmunication has an F-score of 5 indicating the company's financial situation is typical for a stable company.
China Railway Signalmmunication (SHSE:688009) has a Piotroski F-Score of 5 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Railway Signalmmunication and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, China Railway Signalmmunication's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, China Railway Signalmmunication ranks #515 out of 978 companies in the Transportation industry, placing it in the top 52.7%.
Is China Railway Signalmmunication's Piotroski F-Score too high?
China Railway Signalmmunication's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. China Railway Signalmmunication's value of 5 is 16.7% below this industry median. Based on the distribution chart, China Railway Signalmmunication ranks #515 out of 978 companies in the Transportation industry, which is below the industry midpoint. Overall, China Railway Signalmmunication has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Railway Signalmmunication's Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, China Railway Signalmmunication ranks #515 out of 978 companies for Piotroski F-Score. This places China Railway Signalmmunication in the lower half of its industry. The industry median Piotroski F-Score is 6.00. China Railway Signalmmunication's value of 5 is 16.7% below this benchmark. Historically, China Railway Signalmmunication's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, China Railway Signalmmunication 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. China Railway Signalmmunication's current Piotroski F-Score of 5 is 16.7% 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 China Railway Signalmmunication and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Railway Signalmmunication's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Railway Signalmmunication stock overvalued right now?
Based on GuruFocus' analysis, China Railway Signalmmunication (SHSE:688009) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.65, compared to a current price of ¥5.30 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 16.7% below the Transportation industry median of 6.00. China Railway Signalmmunication's overall GF Score™ is 76/100 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 China Railway Signalmmunication (SHSE:688009), the current Piotroski F-Score is 5 as of Jul. 29, 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 China Railway Signalmmunication (SHSE:688009) Overvalued in 2026?
Based on GuruFocus' analysis, China Railway Signalmmunication stock appears to be undervalued.
The current stock price of ¥5.30 is trading 6.2% below its estimated GF Value™ of ¥5.65.
GuruFocus considers China Railway Signalmmunication to be Fairly Valued.
Key valuation signals for SHSE:688009:
Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
GF Value™: ¥5.65 vs. price of ¥5.30 (6.2% below fair value)
Industry Position: 16.7% below the Transportation median (#515 of 978)
No single metric tells the full story. See the SHSE:688009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Railway Signalmmunication Business Description
China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the Rail transportation control system segment, which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems; the General engineering contracting segment engages in the provision of services relating to municipal and other construction projects; and other segments mainly engage in trading. The firm generates a majority of its revenue from the Rail transportation control system segment.
76GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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