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Tianqi LithiumSZSE:002466 -3.35%91 Piotroski F-Score is 7 as of Sep. 06, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates SZSE:002466 with a GF Score™ of 91/100 and a GF Value™ of ¥43.62 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,586 Chemicals companies, Tianqi Lithium ranks better than 88.27% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tianqi Lithium has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Tianqi Lithium's Piotroski F-Score or its related term are showing as below:
SZSE:002466'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Tianqi Lithium was 8. 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.
Tianqi Lithium Piotroski F-Score Related Terms
Tianqi Lithium Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tianqi Lithium'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.
SZSE:002466 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 95.486 + 282.729 + 1876.028 + 2365.992 = ¥4,620 Mil. Cash Flow from Operations was 372.597 + 767.442 + 259.114 + 1952.953 = ¥3,352 Mil. Revenue was 2564.588 + 2949.096 + 5128.048 + 7114.196 = ¥17,756 Mil. Gross Profit was 963.479 + 1200.588 + 3213.033 + 4669.538 = ¥10,047 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(73600.662 + 73956.836 + 72109.978 + 79435.485 + 83105.339) / 5 = ¥76441.66 Mil. Total Assets at the begining of this year (Jun25) was ¥73,601 Mil. Long-Term Debt & Capital Lease Obligation was ¥12,606 Mil. Total Current Assets was ¥23,042 Mil. Total Current Liabilities was ¥8,070 Mil.
Net Income was -495.644 + -2203.167 + 104.275 + -19.864 = ¥-2,614 Mil.
Revenue was 3646.16 + 2998.738 + 2584.203 + 2248.478 = ¥11,478 Mil. Gross Profit was 1608.882 + 1084.31 + 1145.18 + 774.809 = ¥4,613 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(69263.522 + 70355.035 + 68677.872 + 71931.626 + 73600.662) / 5 = ¥70765.7434 Mil. Total Assets at the begining of last year (Jun24) was ¥69,264 Mil. Long-Term Debt & Capital Lease Obligation was ¥14,976 Mil. Total Current Assets was ¥14,868 Mil. Total Current Liabilities was ¥5,437 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.
Tianqi Lithium's current Net Income (TTM) was 4,620.
==> 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.
Tianqi Lithium's return on assets of this year was 0.06277437. Tianqi Lithium's return on assets of last year was -0.0377457.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tianqi Lithium's gearing of this year was 0.1649111. Tianqi Lithium's gearing of last year was 0.2116215.
==> 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
Tianqi Lithium's current ratio of this year was 2.85528154. Tianqi Lithium's current ratio of last year was 2.73446152.
==> 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.
Tianqi Lithium's number of shares in issue this year was 1743.317. Tianqi Lithium's number of shares in issue last year was 1638.514.
==> 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.
Tianqi Lithium's gross margin of this year was 0.56581881. Tianqi Lithium's gross margin of last year was 0.4019298.
==> 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
Tianqi Lithium's asset turnover of this year was 0.24124685. Tianqi Lithium's asset turnover of last year was 0.16570886.
==> 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
Tianqi Lithium has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Tianqi Lithium (SZSE:002466) has a Piotroski F-Score of 7 as of Sep. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tianqi Lithium and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Tianqi Lithium's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Tianqi Lithium ranks #186 out of 1586 companies in the Chemicals industry, placing it in the top 11.7%.
Is Tianqi Lithium's Piotroski F-Score too high?
Tianqi Lithium's current Piotroski F-Score of 7 is 40% above 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 Chemicals industry median Piotroski F-Score is 5.00. Tianqi Lithium's value of 7 is 40% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #186 out of 1586 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Tianqi Lithium has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #186 out of 1586 companies for Piotroski F-Score. This places Tianqi Lithium in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tianqi Lithium's value of 7 is 40% above this benchmark. Historically, Tianqi Lithium'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, Tianqi Lithium has consistently been above 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 1,586 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. Tianqi Lithium's current Piotroski F-Score of 7 is 40% above 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 Tianqi Lithium 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. Tianqi Lithium's current Piotroski F-Score is 7, which is 40% above 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 Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (SZSE:002466) is currently considered Fairly Valued. The stock's GF Value™ is ¥43.62, compared to a current price of ¥45.35 — trading 4% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Chemicals industry median of 5.00. Tianqi Lithium's overall GF Score™ is 91/100 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 Tianqi Lithium (SZSE:002466), the current Piotroski F-Score is 7 as of Sep. 06, 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 Tianqi Lithium (SZSE:002466) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of ¥45.35 is trading 4% above its estimated GF Value™ of ¥43.62.
GuruFocus considers Tianqi Lithium to be Fairly Valued.
Key valuation signals for SZSE:002466:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: ¥43.62 vs. price of ¥45.35 (4% above fair value)
Industry Position: 40% above the Chemicals median (#186 of 1586)
No single metric tells the full story. See the SZSE:002466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
91GF Score
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