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Guizhou Zhenhua E-chemSHSE:688707 -3.24%51 Piotroski F-Score is 5 as of Jul. 22, 2026, which is at its 10-year median of 5.00. GuruFocus rates SHSE:688707 with a GF Score™ of 51/100 and a GF Value™ of ¥5.06 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,563 Chemicals companies, Guizhou Zhenhua E-chem ranks better than 55.21% 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
Guizhou Zhenhua E-chem 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 Guizhou Zhenhua E-chem's Piotroski F-Score or its related term are showing as below:
SHSE:688707'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 5
During the past 12 years, the highest Piotroski F-Score of Guizhou Zhenhua E-chem was 7. The lowest was 2. And the median was 5.
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.
Guizhou Zhenhua E-chem Piotroski F-Score Related Terms
Guizhou Zhenhua E-chem Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Guizhou Zhenhua E-chem'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, Guizhou Zhenhua E-chem'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.
Guizhou Zhenhua E-chem Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Guizhou Zhenhua E-chem's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Guizhou Zhenhua E-chem'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -119.744 + -115.436 + -99.517 + -95.612 = ¥-430 Mil. Cash Flow from Operations was -372.147 + -100.558 + 299.235 + -204.744 = ¥-378 Mil. Revenue was 441.167 + 353.931 + 361.725 + 183.01 = ¥1,340 Mil. Gross Profit was -43.872 + -57.67 + -22.614 + -37.499 = ¥-162 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7785.582 + 7266.903 + 6824.304 + 6567.279 + 6565.916) / 5 = ¥7001.9968 Mil. Total Assets at the begining of this year (Mar25) was ¥7,786 Mil. Long-Term Debt & Capital Lease Obligation was ¥1,042 Mil. Total Current Assets was ¥3,609 Mil. Total Current Liabilities was ¥1,585 Mil.
Net Income was -66.268 + -128.237 + -196.445 + -97.688 = ¥-489 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.
Guizhou Zhenhua E-chem's current Net Income (TTM) was -430.
==> 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.
Guizhou Zhenhua E-chem's current Cash Flow from Operations (TTM) was -378.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Guizhou Zhenhua E-chem's return on assets of this year was -0.05526998. Guizhou Zhenhua E-chem's return on assets of last year was -0.05120449.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Guizhou Zhenhua E-chem's gearing of this year was 0.14878399. Guizhou Zhenhua E-chem's gearing of last year was 0.06339644.
==> 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
Guizhou Zhenhua E-chem's current ratio of this year was 2.27689436. Guizhou Zhenhua E-chem's current ratio of last year was 1.57991291.
==> 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.
Guizhou Zhenhua E-chem's number of shares in issue this year was 503.223. Guizhou Zhenhua E-chem's number of shares in issue last year was 514.147.
==> 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.
Guizhou Zhenhua E-chem's gross margin of this year was -0.1206531. Guizhou Zhenhua E-chem's gross margin of last year was -0.14667116.
==> 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
Guizhou Zhenhua E-chem's asset turnover of this year was 0.17209157. Guizhou Zhenhua E-chem's asset turnover of last year was 0.16729153.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Guizhou Zhenhua E-chem has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Guizhou Zhenhua E-chem (SHSE:688707) has a Piotroski F-Score of 5 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Guizhou Zhenhua E-chem and its competitors. This is near median its historical median of 5.00. Over the past decade, Guizhou Zhenhua E-chem's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Guizhou Zhenhua E-chem ranks #700 out of 1563 companies in the Chemicals industry, placing it in the top 44.8%.
Is Guizhou Zhenhua E-chem's Piotroski F-Score too high?
Guizhou Zhenhua E-chem'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 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Guizhou Zhenhua E-chem's value of 5 is 0% at this industry median. Based on the distribution chart, Guizhou Zhenhua E-chem ranks #700 out of 1563 companies in the Chemicals industry, which is above the industry midpoint. Overall, Guizhou Zhenhua E-chem has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Zhenhua E-chem's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Guizhou Zhenhua E-chem ranks #700 out of 1563 companies for Piotroski F-Score. This puts Guizhou Zhenhua E-chem in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Guizhou Zhenhua E-chem's value of 5 is 0% at this benchmark. Historically, Guizhou Zhenhua E-chem'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, Guizhou Zhenhua E-chem 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 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. Guizhou Zhenhua E-chem'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 Guizhou Zhenhua E-chem 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. Guizhou Zhenhua E-chem'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 Guizhou Zhenhua E-chem stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Zhenhua E-chem (SHSE:688707) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.06, compared to a current price of ¥9.56 — trading 88.9% above 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 Chemicals industry median of 5.00. Guizhou Zhenhua E-chem's overall GF Score™ is 51/100 with 2 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 Guizhou Zhenhua E-chem (SHSE:688707), the current Piotroski F-Score is 5 as of Jul. 22, 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 Guizhou Zhenhua E-chem (SHSE:688707) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Zhenhua E-chem stock appears to be overvalued.
The current stock price of ¥9.56 is trading 88.9% above its estimated GF Value™ of ¥5.06.
GuruFocus considers Guizhou Zhenhua E-chem to be Significantly Overvalued.
Key valuation signals for SHSE:688707:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ¥5.06 vs. price of ¥9.56 (88.9% above fair value)
Industry Position: 0% at the Chemicals median (#700 of 1563)
No single metric tells the full story. See the SHSE:688707 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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