TQLCF (Tianqi Lithium) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 40% Above Median


TQLCF Tianqi Lithium Corp TQLCF
57 GF Score
Price $8.75
GF Value $3.95
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tianqi Lithium Piotroski F-Score?

Tianqi Lithium TQLCF 57 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TQLCF with a GF Score™ of 57/100 and a GF Value™ of $3.95 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,566 Chemicals companies, Tianqi Lithium ranks better than 90.23% 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 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Tianqi Lithium's Piotroski F-Score or its related term are showing as below:

TQLCF' 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.

Tianqi Lithium  (OTCPK:TQLCF) 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.


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.

Tianqi Lithium Piotroski F-Score Chart

Tianqi Lithium 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 8.00 7.00 5.00 2.00 5.00

Tianqi Lithium Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.00 3.00 5.00 5.00 7.00

TQLCF 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.


TQLCF
57GF Score
Tianqi Lithium Corp TQLCF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -2.766 + 13.404 + 40.142 + 272.2 = $323 Mil.
Cash Flow from Operations was 120.994 + 52.305 + 108.962 + 37.596 = $320 Mil.
Revenue was 313.141 + 360.018 + 418.715 + 744.047 = $1,836 Mil.
Gross Profit was 107.906 + 135.254 + 170.461 + 466.191 = $880 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9922.562 + 10250.218 + 10382.093 + 10238.241 + 11525.585) / 5 = $10463.7398 Mil.
Total Assets at the begining of this year (Mar25) was $9,923 Mil.
Long-Term Debt & Capital Lease Obligation was $1,756 Mil.
Total Current Assets was $2,761 Mil.
Total Current Liabilities was $1,099 Mil.
Net Income was -180.433 + -70.046 + -302.604 + 14.384 = $-539 Mil.

Revenue was 528.477 + 515.285 + 411.875 + 356.476 = $1,812 Mil.
Gross Profit was 286.02 + 227.372 + 148.929 + 157.971 = $820 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(9713.042 + 9547.4 + 9942.769 + 9432.867 + 9922.562) / 5 = $9711.728 Mil.
Total Assets at the begining of last year (Mar24) was $9,713 Mil.
Long-Term Debt & Capital Lease Obligation was $1,962 Mil.
Total Current Assets was $2,069 Mil.
Total Current Liabilities was $820 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 323. ==> 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.

Score 1 if positive, 0 if negative.

Tianqi Lithium's current Cash Flow from Operations (TTM) was 320. ==> 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 (Mar25)
=322.98/9922.562
=0.03255006

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-538.699/9713.042
=-0.05546141

Tianqi Lithium's return on assets of this year was 0.03255006. Tianqi Lithium's return on assets of last year was -0.05546141. ==> This year is higher. ==> Score 1.

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.

Tianqi Lithium's current Net Income (TTM) was 323. Tianqi Lithium's current Cash Flow from Operations (TTM) was 320. ==> 320 <= 323 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1755.788/10463.7398
=0.16779737

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1962.21/9711.728
=0.2020454

Tianqi Lithium's gearing of this year was 0.16779737. Tianqi Lithium's gearing of last year was 0.2020454. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2761.071/1099.364
=2.51151666

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2069.229/820.093
=2.52316384

Tianqi Lithium's current ratio of this year was 2.51151666. Tianqi Lithium's current ratio of last year was 2.52316384. ==> Last year's current ratio is higher ==> Score 0.

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 1705.48. Tianqi Lithium's number of shares in issue last year was 1737.91. ==> 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
=879.812/1835.921
=0.47922106

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=820.292/1812.113
=0.45267155

Tianqi Lithium's gross margin of this year was 0.47922106. Tianqi Lithium's gross margin of last year was 0.45267155. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1835.921/9922.562
=0.1850249

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1812.113/9713.042
=0.18656493

Tianqi Lithium's asset turnover of this year was 0.1850249. Tianqi Lithium's asset turnover of last year was 0.18656493. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+1+1+0
=6

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

Tianqi Lithium has an F-score of 6 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 7 mean?
Tianqi Lithium (TQLCF) has a Piotroski F-Score of 7 as of Jun. 24, 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 #153 out of 1566 companies in the Chemicals industry, placing it in the top 9.8%.
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 #153 out of 1566 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 57/100 and is considered Significantly Overvalued, 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 #153 out of 1566 companies for Piotroski F-Score. This places Tianqi Lithium in the top 10% 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 1,566 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 (TQLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.95, compared to a current price of $8.75 — trading 121.5% 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 57/100 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 (TQLCF), the current Piotroski F-Score is 7 as of Jun. 24, 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 (TQLCF) Overvalued in 2026?

Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued. The current stock price of $8.75 is trading 121.5% above its estimated GF Value™ of $3.95. GuruFocus considers Tianqi Lithium to be Significantly Overvalued.

Key valuation signals for TQLCF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $3.95 vs. price of $8.75 (121.5% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 40% above the Chemicals median (#153 of 1566)

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


Tianqi Lithium Business Description

Address No. 166, Hongliang West 1st Street, Tianfu New District, Sichuan Province, Chengdu, CHN, 610299
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.
57GF Score

Get the complete analysis for TQLCF

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

$8.75
Price
$3.95
GF Value