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Darbond Technology CoSHSE:688035 +10.65%87 Piotroski F-Score is 2 as of Jul. 21, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates SHSE:688035 with a GF Score™ of 87/100 and a GF Value™ of ¥63.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,563 Chemicals companies, Darbond Technology Co ranks worse than 93.99% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Darbond Technology Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Darbond Technology Co's Piotroski F-Score or its related term are showing as below:
SHSE:688035'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 8 years, the highest Piotroski F-Score of Darbond Technology Co was 7. The lowest was 2. And the median was 5.
Darbond Technology Co (SHSE:688035) 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.
Darbond Technology Co Piotroski F-Score Related Terms
Darbond Technology Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Darbond Technology 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.
For the Chemicals subindustry, Darbond Technology 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.
Darbond Technology Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Darbond Technology Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Darbond Technology 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.
Darbond Technology Co's current Net Income (TTM) was 115.
==> 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.
Darbond Technology Co's return on assets of this year was 0.03802391. Darbond Technology Co's return on assets of last year was 0.04008813.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Darbond Technology Co's gearing of this year was 0.04920328. Darbond Technology Co's gearing of last year was 0.0011928.
==> 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
Darbond Technology Co's current ratio of this year was 2.43941055. Darbond Technology Co's current ratio of last year was 2.72316481.
==> 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.
Darbond Technology Co's number of shares in issue this year was 143.389. Darbond Technology Co's number of shares in issue last year was 142.859.
==> 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.
Darbond Technology Co's gross margin of this year was 0.27485398. Darbond Technology Co's gross margin of last year was 0.27830555.
==> 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
Darbond Technology Co's asset turnover of this year was 0.54194523. Darbond Technology Co's asset turnover of last year was 0.4631363.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Darbond Technology Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Darbond Technology Co (SHSE:688035) has a Piotroski F-Score of 2 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Darbond Technology Co and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Darbond Technology Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Darbond Technology Co ranks #1469 out of 1563 companies in the Chemicals industry, placing it in the top 94%.
Is Darbond Technology Co's Piotroski F-Score too high?
Darbond Technology Co's current Piotroski F-Score of 2 is 60% below 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 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Darbond Technology Co's value of 2 is 60% below this industry median. Based on the distribution chart, Darbond Technology Co ranks #1469 out of 1563 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Darbond Technology Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Darbond Technology Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Darbond Technology Co ranks #1469 out of 1563 companies for Piotroski F-Score. This places Darbond Technology Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Darbond Technology Co's value of 2 is 60% below this benchmark. Historically, Darbond Technology Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Darbond Technology 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Darbond Technology Co's current Piotroski F-Score of 2 is 60% 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 Darbond Technology Co and its competitors. For the Chemicals 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. Darbond Technology Co's current Piotroski F-Score is 2, which is 60% 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 Darbond Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Darbond Technology Co (SHSE:688035) is currently considered Fairly Valued. The stock's GF Value™ is ¥63.41, compared to a current price of ¥64.29 — trading 1.4% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Chemicals industry median of 5.00. Darbond Technology Co's overall GF Score™ is 87/100 with 7 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 Darbond Technology Co (SHSE:688035), the current Piotroski F-Score is 2 as of Jul. 21, 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 Darbond Technology Co (SHSE:688035) Overvalued in 2026?
Based on GuruFocus' analysis, Darbond Technology Co stock appears to be overvalued.
The current stock price of ¥64.29 is trading 1.4% above its estimated GF Value™ of ¥63.41.
GuruFocus considers Darbond Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688035:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: ¥63.41 vs. price of ¥64.29 (1.4% above fair value)
Industry Position: 60% below the Chemicals median (#1469 of 1563)
No single metric tells the full story. See the SHSE:688035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Darbond Technology Co Ltd is engaged in the research and development of high-end electronic packaging materials. It is mainly engaged in electronic packaging materials, thermal conductive materials, conductive materials, wafer dicing films, thin film and other more than 400 kinds of products.
87GF Score
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