Shenzhen Investment (STU:SHS) Piotroski F-Score: 5 (As of Aug. 12, 2026) — 25% Above Median

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STU:SHS Shenzhen Investment Ltd STU:SHS
56 GF Score
Price €0.06
GF Value €0.21
! 7 Warning Signs
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What is Shenzhen Investment Piotroski F-Score?

Shenzhen Investment STU:SHS -2.33% 56 Piotroski F-Score is 5 as of Aug. 12, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates STU:SHS with a GF Score™ of 56/100 and a GF Value™ of €0.21. The stock has 7 warning signs investors should review. Among 1,749 Real Estate companies, Shenzhen Investment ranks better than 59.81% 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

Shenzhen Investment 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 Shenzhen Investment's Piotroski F-Score or its related term are showing as below:

STU:SHS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Shenzhen Investment was 7. The lowest was 2. And the median was 4.

Shenzhen Investment  (STU:SHS) 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.


Shenzhen Investment Piotroski F-Score Related Terms


Shenzhen Investment Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shenzhen Investment'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.

Shenzhen Investment Piotroski F-Score Chart

Shenzhen Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 4.00 2.00 5.00

Shenzhen Investment Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.00 0.00 2.00 0.00 5.00

Shenzhen Investment Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Shenzhen Investment'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.


Shenzhen Investment Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Investment's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Shenzhen Investment's Piotroski F-Score falls into.


STU:SHS
56GF Score
Shenzhen Investment Ltd STU:SHS
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €-479 Mil.
Cash Flow from Operations was €968 Mil.
Revenue was €4,430 Mil.
Gross Profit was €720 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (21029.02 + 15870.916) / 2 = €18449.968 Mil.
Total Assets at the begining of this year (Dec24) was €21,029 Mil.
Long-Term Debt & Capital Lease Obligation was €2,879 Mil.
Total Current Assets was €9,654 Mil.
Total Current Liabilities was €7,140 Mil.
Net Income was €-224 Mil.

Revenue was €1,913 Mil.
Gross Profit was €545 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (20479.02 + 21029.02) / 2 = €20754.02 Mil.
Total Assets at the begining of last year (Dec23) was €20,479 Mil.
Long-Term Debt & Capital Lease Obligation was €2,833 Mil.
Total Current Assets was €14,278 Mil.
Total Current Liabilities was €11,661 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.

Shenzhen Investment's current Net Income (TTM) was -479. ==> 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.

Shenzhen Investment's current Cash Flow from Operations (TTM) was 968. ==> 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 (Dec24)
=-479.199/21029.02
=-0.02278751

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-223.913/20479.02
=-0.01093378

Shenzhen Investment's return on assets of this year was -0.02278751. Shenzhen Investment's return on assets of last year was -0.01093378. ==> 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.

Shenzhen Investment's current Net Income (TTM) was -479. Shenzhen Investment's current Cash Flow from Operations (TTM) was 968. ==> 968 > -479 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=2878.593/18449.968
=0.15602157

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2832.633/20754.02
=0.13648599

Shenzhen Investment's gearing of this year was 0.15602157. Shenzhen Investment's gearing of last year was 0.13648599. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=9653.855/7139.942
=1.35209152

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=14277.864/11660.959
=1.22441593

Shenzhen Investment's current ratio of this year was 1.35209152. Shenzhen Investment's current ratio of last year was 1.22441593. ==> 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.

Shenzhen Investment's number of shares in issue this year was 8898.793. Shenzhen Investment's number of shares in issue last year was 8898.793. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=719.582/4430.197
=0.16242664

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=545.366/1912.539
=0.28515288

Shenzhen Investment's gross margin of this year was 0.16242664. Shenzhen Investment's gross margin of last year was 0.28515288. ==> 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 (Dec24)
=4430.197/21029.02
=0.21067064

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1912.539/20479.02
=0.09339016

Shenzhen Investment's asset turnover of this year was 0.21067064. Shenzhen Investment's asset turnover of last year was 0.09339016. ==> 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
=0+1+0+1+0+1+1+0+1
=5

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

Shenzhen Investment 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?
Shenzhen Investment (STU:SHS) has a Piotroski F-Score of 5 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shenzhen Investment and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Shenzhen Investment's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Shenzhen Investment ranks #703 out of 1749 companies in the Real Estate industry, placing it in the top 40.2%.
Is Shenzhen Investment's Piotroski F-Score too high?
Shenzhen Investment's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Shenzhen Investment's value of 5 is 0% at this industry median. Based on the distribution chart, Shenzhen Investment ranks #703 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Shenzhen Investment has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Investment's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Shenzhen Investment ranks #703 out of 1749 companies for Piotroski F-Score. This puts Shenzhen Investment in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shenzhen Investment's value of 5 is 0% at this benchmark. Historically, Shenzhen Investment'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 4.00 vs. the industry median of 5.00, Shenzhen Investment 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,749 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. Shenzhen Investment'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 Shenzhen Investment and its competitors. For the Real Estate 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. Shenzhen Investment's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Investment stock overvalued right now?
Shenzhen Investment (STU:SHS) has a current Piotroski F-Score of 5. The stock's GF Value™ is €0.21, compared to a current price of €0.06 — trading 70% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Real Estate industry median of 5.00. Shenzhen Investment's overall GF Score™ is 56/100 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 Shenzhen Investment (STU:SHS), the current Piotroski F-Score is 5 as of Aug. 12, 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 Shenzhen Investment (STU:SHS) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Investment stock appears to be undervalued. The current stock price of €0.06 is trading 70% below its estimated GF Value™ of €0.21.

Key valuation signals for STU:SHS:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: €0.21 vs. price of €0.06 (70% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 0% at the Real Estate median (#703 of 1749)

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


Shenzhen Investment Business Description

Other Exchanges 00604:Hong KongSHS:Germany
Address 9 Science Museum Road, 8th Floor, New East Ocean Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Shenzhen Investment Ltd is a general real estate company. The company reports five core segments: property development, property investment, property management, manufacture, and others. The company generates the vast majority of its revenue from its property development operations, followed by property management. The property development segment develops residential, industrial, and commercial properties. The company generates all of its revenue in Mainland China.
56GF Score

Get the complete analysis for STU:SHS

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

€0.06
Price
€0.21
GF Value