JinGuan Electric Co (SHSE:688517) Piotroski F-Score: 5 (As of Jul. 23, 2026) — Near Median

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SHSE:688517 JinGuan Electric Co Ltd SHSE:688517
83 GF Score
Price ¥14.64
GF Value ¥16.33
Valuation Fairly Valued
! 3 Warning Signs
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What is JinGuan Electric Co Piotroski F-Score?

JinGuan Electric Co SHSE:688517 -2.07% 83 Piotroski F-Score is 5 as of Jul. 23, 2026, which is at its 10-year median of 5.00. GuruFocus rates SHSE:688517 with a GF Score™ of 83/100 and a GF Value™ of ¥16.33 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,970 Industrial Products companies, JinGuan Electric Co ranks better than 56.33% 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

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

SHSE:688517' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 9 years, the highest Piotroski F-Score of JinGuan Electric Co was 8. The lowest was 2. And the median was 5.

JinGuan Electric Co  (SHSE:688517) 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.


JinGuan Electric Co Piotroski F-Score Related Terms


JinGuan Electric Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for JinGuan Electric 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.

JinGuan Electric Co Piotroski F-Score Chart

JinGuan Electric Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 2.00 7.00 7.00 6.00

JinGuan Electric 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 6.00 5.00 4.00 6.00 5.00

SHSE:688517 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, JinGuan Electric 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.


JinGuan Electric Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, JinGuan Electric Co's Piotroski F-Score distribution charts can be found below:

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


SHSE:688517
83GF Score
JinGuan Electric Co Ltd SHSE:688517
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 23.244 + 16.823 + 21.685 + 14.287 = ¥76.0 Mil.
Cash Flow from Operations was 31.199 + 14.885 + 86.336 + -17.23 = ¥115.2 Mil.
Revenue was 201.047 + 184.227 + 205.729 + 125.231 = ¥716.2 Mil.
Gross Profit was 58.601 + 50.307 + 57.433 + 43.594 = ¥209.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1288.09 + 1364.411 + 1335.207 + 1352.497 + 1331.468) / 5 = ¥1334.3346 Mil.
Total Assets at the begining of this year (Mar25) was ¥1,288.1 Mil.
Long-Term Debt & Capital Lease Obligation was ¥29.8 Mil.
Total Current Assets was ¥982.3 Mil.
Total Current Liabilities was ¥492.1 Mil.
Net Income was 30.539 + 15.124 + 24.891 + 19.093 = ¥89.6 Mil.

Revenue was 187.314 + 153.134 + 188.697 + 139.482 = ¥668.6 Mil.
Gross Profit was 70.229 + 45.596 + 51.64 + 41.077 = ¥208.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1259.161 + 1255.059 + 1283.359 + 1281.15 + 1288.09) / 5 = ¥1273.3638 Mil.
Total Assets at the begining of last year (Mar24) was ¥1,259.2 Mil.
Long-Term Debt & Capital Lease Obligation was ¥30.0 Mil.
Total Current Assets was ¥996.5 Mil.
Total Current Liabilities was ¥422.3 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.

JinGuan Electric Co's current Net Income (TTM) was 76.0. ==> 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.

JinGuan Electric Co's current Cash Flow from Operations (TTM) was 115.2. ==> 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)
=76.039/1288.09
=0.05903237

ROA (Last Year)=Net Income/Total Assets (Mar24)
=89.647/1259.161
=0.07119582

JinGuan Electric Co's return on assets of this year was 0.05903237. JinGuan Electric Co's return on assets of last year was 0.07119582. ==> 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.

JinGuan Electric Co's current Net Income (TTM) was 76.0. JinGuan Electric Co's current Cash Flow from Operations (TTM) was 115.2. ==> 115.2 > 76.0 ==> 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
=29.839/1334.3346
=0.02236246

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=30/1273.3638
=0.02355965

JinGuan Electric Co's gearing of this year was 0.02236246. JinGuan Electric Co's gearing of last year was 0.02355965. ==> 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
=982.34/492.061
=1.9963785

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=996.535/422.317
=2.35968479

JinGuan Electric Co's current ratio of this year was 1.9963785. JinGuan Electric Co's current ratio of last year was 2.35968479. ==> 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.

JinGuan Electric Co's number of shares in issue this year was 142.867. JinGuan Electric Co's number of shares in issue last year was 136.38. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=209.935/716.234
=0.29310951

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=208.542/668.627
=0.31189587

JinGuan Electric Co's gross margin of this year was 0.29310951. JinGuan Electric Co's gross margin of last year was 0.31189587. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=716.234/1288.09
=0.55604344

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=668.627/1259.161
=0.53100993

JinGuan Electric Co's asset turnover of this year was 0.55604344. JinGuan Electric Co's asset turnover of last year was 0.53100993. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+0+0+1
=5

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

JinGuan Electric Co has an F-score of 5 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 5 mean?
JinGuan Electric Co (SHSE:688517) has a Piotroski F-Score of 5 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on JinGuan Electric Co and its competitors. This is near median its historical median of 5.00. Over the past decade, JinGuan Electric Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, JinGuan Electric Co ranks #1297 out of 2970 companies in the Industrial Products industry, placing it in the top 43.7%.
Is JinGuan Electric Co's Piotroski F-Score too high?
JinGuan Electric Co's current Piotroski F-Score of 5 is near 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 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. JinGuan Electric Co's value of 5 is 0% at this industry median. Based on the distribution chart, JinGuan Electric Co ranks #1297 out of 2970 companies in the Industrial Products industry, which is above the industry midpoint. Overall, JinGuan Electric Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JinGuan Electric Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, JinGuan Electric Co ranks #1297 out of 2970 companies for Piotroski F-Score. This puts JinGuan Electric Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. JinGuan Electric Co's value of 5 is 0% at this benchmark. Historically, JinGuan Electric Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, JinGuan Electric Co has consistently been at 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,970 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. JinGuan Electric Co's current Piotroski F-Score of 5 is 0% at 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 JinGuan Electric Co and its competitors. For the Industrial Products 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. JinGuan Electric Co's current Piotroski F-Score is 5, which is near 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 JinGuan Electric Co stock overvalued right now?
Based on GuruFocus' analysis, JinGuan Electric Co (SHSE:688517) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.33, compared to a current price of ¥14.64 — trading 10.3% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Industrial Products industry median of 5.00. JinGuan Electric Co's overall GF Score™ is 83/100 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 JinGuan Electric Co (SHSE:688517), the current Piotroski F-Score is 5 as of Jul. 23, 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 JinGuan Electric Co (SHSE:688517) Overvalued in 2026?

Based on GuruFocus' analysis, JinGuan Electric Co stock appears to be undervalued. The current stock price of ¥14.64 is trading 10.3% below its estimated GF Value™ of ¥16.33. GuruFocus considers JinGuan Electric Co to be Fairly Valued.

Key valuation signals for SHSE:688517:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ¥16.33 vs. price of ¥14.64 (10.3% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 0% at the Industrial Products median (#1297 of 2970)

No single metric tells the full story. See the SHSE:688517 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JinGuan Electric Co Business Description

Address Shuangyang Economic Development Zone, Jilin Province, Changchun, CHN, 473000
JinGuan Electric Co Ltd is engaged in research and development, manufacturing and sales of power transmission and distribution and control equipment.
83GF Score

Get the complete analysis for SHSE:688517

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

¥14.64
Price
¥16.33
GF Value