Gelex Group JSCSTC:GEX +0.67%73 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates STC:GEX with a GF Score™ of 73/100 and a GF Value™ of ₫20,881.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,972 Industrial Products companies, Gelex Group JSC ranks worse than 65.21% 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
Gelex Group JSC has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Gelex Group JSC's Piotroski F-Score or its related term are showing as below:
STC:GEX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 4
During the past 10 years, the highest Piotroski F-Score of Gelex Group JSC was 8. The lowest was 4. And the median was 6.
Gelex Group JSC (STC:GEX) 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.
Gelex Group JSC Piotroski F-Score Related Terms
Gelex Group JSC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Gelex Group JSC'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.
STC:GEX vs VRT, BE, NVT: Piotroski F-Score Comparison
For the Electrical Equipment & Parts subindustry, Gelex Group JSC'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.
Gelex Group JSC Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gelex Group JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gelex Group JSC'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 665361.303 + 621931.709 + 16600.177 + 245633.005 = ₫1,549,526 Mil. Cash Flow from Operations was 2000958.962 + -2759950.793 + 2500594.818 + -2856708.736 = ₫-1,115,106 Mil. Revenue was 10130591.181 + 9841133.305 + 11642439.689 + 10721709.076 = ₫42,335,873 Mil. Gross Profit was 2333627.397 + 1831629.249 + 2660568.66 + 2001820.351 = ₫8,827,646 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(56517726.006 + 59261205.673 + 65251034.075 + 73592590.904 + 87015108.842) / 5 = ₫68327533.1 Mil. Total Assets at the begining of this year (Mar25) was ₫56,517,726 Mil. Long-Term Debt & Capital Lease Obligation was ₫21,594,016 Mil. Total Current Assets was ₫48,969,753 Mil. Total Current Liabilities was ₫26,440,469 Mil.
Net Income was 849410.459 + 98863.823 + 574473.871 + 233741.873 = ₫1,756,490 Mil.
Revenue was 8248282.333 + 8708567.348 + 10135454.504 + 7916356.897 = ₫35,008,661 Mil. Gross Profit was 1495823.575 + 1660183.414 + 2406554.927 + 1598238.463 = ₫7,160,800 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(53893336.448 + 52442894.695 + 53616967.576 + 53782318.219 + 56517726.006) / 5 = ₫54050648.5888 Mil. Total Assets at the begining of last year (Mar24) was ₫53,893,336 Mil. Long-Term Debt & Capital Lease Obligation was ₫9,820,505 Mil. Total Current Assets was ₫25,588,183 Mil. Total Current Liabilities was ₫16,737,645 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.
Gelex Group JSC's current Net Income (TTM) was 1,549,526.
==> 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.
Gelex Group JSC's return on assets of this year was 0.02741664. Gelex Group JSC's return on assets of last year was 0.03259197.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Gelex Group JSC's gearing of this year was 0.31603682. Gelex Group JSC's gearing of last year was 0.18169078.
==> 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
Gelex Group JSC's current ratio of this year was 1.85207582. Gelex Group JSC's current ratio of last year was 1.52878032.
==> 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.
Gelex Group JSC's number of shares in issue this year was 1353.598. Gelex Group JSC's number of shares in issue last year was 1277.244.
==> 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.
Gelex Group JSC's gross margin of this year was 0.20851455. Gelex Group JSC's gross margin of last year was 0.20454368.
==> 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
Gelex Group JSC's asset turnover of this year was 0.74907248. Gelex Group JSC's asset turnover of last year was 0.64959165.
==> 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
Gelex Group JSC has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Gelex Group JSC (STC:GEX) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gelex Group JSC and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Gelex Group JSC's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Gelex Group JSC ranks #1938 out of 2972 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Gelex Group JSC's Piotroski F-Score too high?
Gelex Group JSC's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Gelex Group JSC's value of 4 is 20% below this industry median. Based on the distribution chart, Gelex Group JSC ranks #1938 out of 2972 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Gelex Group JSC has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gelex Group JSC's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Gelex Group JSC ranks #1938 out of 2972 companies for Piotroski F-Score. This places Gelex Group JSC in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Gelex Group JSC's value of 4 is 20% below this benchmark. Historically, Gelex Group JSC's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Gelex Group JSC 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Gelex Group JSC's current Piotroski F-Score of 4 is 20% 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 Gelex Group JSC 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. Gelex Group JSC's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gelex Group JSC stock overvalued right now?
Based on GuruFocus' analysis, Gelex Group JSC (STC:GEX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫20,881.16, compared to a current price of ₫30,150.00 — trading 44.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Industrial Products industry median of 5.00. Gelex Group JSC's overall GF Score™ is 73/100 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 Gelex Group JSC (STC:GEX), the current Piotroski F-Score is 4 as of Jun. 28, 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 Gelex Group JSC (STC:GEX) Overvalued in 2026?
Based on GuruFocus' analysis, Gelex Group JSC stock appears to be overvalued.
The current stock price of ₫30,150.00 is trading 44.4% above its estimated GF Value™ of ₫20,881.16.
GuruFocus considers Gelex Group JSC to be Significantly Overvalued.
Key valuation signals for STC:GEX:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ₫20,881.16 vs. price of ₫30,150.00 (44.4% above fair value)
Industry Position: 20% below the Industrial Products median (#1938 of 2972)
No single metric tells the full story. See the STC:GEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gelex Group JSC operates in the industrial production and infrastructure industry. The Industrial production of the company is engaged in manufacturing and supplying of electrical equipment like electric cables, transformers, electric motors and, other electrical equipment; and the Infrastructure consists of production and trade in construction materials, real estate and construction business; production, transmission and distribution of electricity including hydropower, solar power and wind power; exploitation, treatment and supply of clean water; hotel, tourism and office leasing services, houses, and other factories.
73GF Score
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