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Zhejiang Xinchai CoSZSE:301032 -0.19%74 Piotroski F-Score is 7 as of Sep. 05, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SZSE:301032 with a GF Score™ of 74/100 and a GF Value™ of ¥10.65 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,013 Industrial Products companies, Zhejiang Xinchai Co ranks better than 90.77% 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
Zhejiang Xinchai Co 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 Zhejiang Xinchai Co's Piotroski F-Score or its related term are showing as below:
SZSE:301032'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 7
During the past 9 years, the highest Piotroski F-Score of Zhejiang Xinchai Co was 9. The lowest was 2. And the median was 6.
Zhejiang Xinchai Co (SZSE:301032) 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.
Zhejiang Xinchai Co Piotroski F-Score Related Terms
Zhejiang Xinchai Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zhejiang Xinchai 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.
SZSE:301032 vs GEV, ETN, PH: Piotroski F-Score Comparison
For the Specialty Industrial Machinery subindustry, Zhejiang Xinchai 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.
Zhejiang Xinchai Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Xinchai Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zhejiang Xinchai Co'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.
*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.
Zhejiang Xinchai Co's current Net Income (TTM) was 113.
==> 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.
Zhejiang Xinchai Co's return on assets of this year was 0.03961003. Zhejiang Xinchai Co's return on assets of last year was 0.03034178.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zhejiang Xinchai Co's gearing of this year was 0.00064021. Zhejiang Xinchai Co's gearing of last year was 0.
==> 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
Zhejiang Xinchai Co's current ratio of this year was 1.48031104. Zhejiang Xinchai Co's current ratio of last year was 1.43790369.
==> 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.
Zhejiang Xinchai Co's number of shares in issue this year was 241.107. Zhejiang Xinchai Co's number of shares in issue last year was 241.203.
==> 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.
Zhejiang Xinchai Co's gross margin of this year was 0.11080046. Zhejiang Xinchai Co's gross margin of last year was 0.10126211.
==> 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
Zhejiang Xinchai Co's asset turnover of this year was 0.82382586. Zhejiang Xinchai Co's asset turnover of last year was 0.85507116.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zhejiang Xinchai Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Zhejiang Xinchai Co (SZSE:301032) has a Piotroski F-Score of 7 as of Sep. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zhejiang Xinchai Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Zhejiang Xinchai Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Zhejiang Xinchai Co ranks #278 out of 3013 companies in the Industrial Products industry, placing it in the top 9.2%.
Is Zhejiang Xinchai Co's Piotroski F-Score too high?
Zhejiang Xinchai Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Zhejiang Xinchai Co's value of 7 is 40% above this industry median. Based on the distribution chart, Zhejiang Xinchai Co ranks #278 out of 3013 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Xinchai Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinchai Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Xinchai Co ranks #278 out of 3013 companies for Piotroski F-Score. This places Zhejiang Xinchai Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Zhejiang Xinchai Co's value of 7 is 40% above this benchmark. Historically, Zhejiang Xinchai Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Zhejiang Xinchai Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 3,013 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. Zhejiang Xinchai Co'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 Zhejiang Xinchai 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. Zhejiang Xinchai Co's current Piotroski F-Score is 7, which is 17% above 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 Zhejiang Xinchai Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinchai Co (SZSE:301032) is currently considered Fairly Valued. The stock's GF Value™ is ¥10.65, compared to a current price of ¥10.24 — trading 3.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Industrial Products industry median of 5.00. Zhejiang Xinchai Co's overall GF Score™ is 74/100 with 4 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 Zhejiang Xinchai Co (SZSE:301032), the current Piotroski F-Score is 7 as of Sep. 05, 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 Zhejiang Xinchai Co (SZSE:301032) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinchai Co stock appears to be undervalued.
The current stock price of ¥10.24 is trading 3.8% below its estimated GF Value™ of ¥10.65.
GuruFocus considers Zhejiang Xinchai Co to be Fairly Valued.
Key valuation signals for SZSE:301032:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ¥10.65 vs. price of ¥10.24 (3.8% below fair value)
Industry Position: 40% above the Industrial Products median (#278 of 3013)
No single metric tells the full story. See the SZSE:301032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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