WSIOF (Wasion Holdings) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


WSIOF Wasion Holdings Ltd WSIOF
62 GF Score
Price $3.31
GF Value $1.58
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Wasion Holdings Piotroski F-Score?

Wasion Holdings WSIOF 62 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates WSIOF with a GF Score™ of 62/100 and a GF Value™ of $1.58 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,979 Industrial Products companies, Wasion Holdings ranks better than 90.8% 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

Wasion Holdings 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 Wasion Holdings's Piotroski F-Score or its related term are showing as below:

WSIOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wasion Holdings was 8. The lowest was 4. And the median was 6.

Wasion Holdings  (OTCPK:WSIOF) 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.


Wasion Holdings Piotroski F-Score Related Terms


Wasion Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wasion Holdings'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.

Wasion Holdings Piotroski F-Score Chart

Wasion Holdings 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 5.00 5.00 8.00 6.00 7.00

Wasion Holdings 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 8.00 0.00 6.00 0.00 7.00

WSIOF vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Wasion Holdings'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.


Wasion Holdings Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wasion Holdings's Piotroski F-Score distribution charts can be found below:

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


WSIOF
62GF Score
Wasion Holdings Ltd WSIOF
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 $150 Mil.
Cash Flow from Operations was $200 Mil.
Revenue was $1,430 Mil.
Gross Profit was $511 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2160.08 + 2496.438) / 2 = $2328.259 Mil.
Total Assets at the begining of this year (Dec24) was $2,160 Mil.
Long-Term Debt & Capital Lease Obligation was $156 Mil.
Total Current Assets was $1,891 Mil.
Total Current Liabilities was $1,149 Mil.
Net Income was $97 Mil.

Revenue was $1,197 Mil.
Gross Profit was $417 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1943.94 + 2160.08) / 2 = $2052.01 Mil.
Total Assets at the begining of last year (Dec23) was $1,944 Mil.
Long-Term Debt & Capital Lease Obligation was $136 Mil.
Total Current Assets was $1,617 Mil.
Total Current Liabilities was $1,010 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.

Wasion Holdings's current Net Income (TTM) was 150. ==> 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.

Wasion Holdings's current Cash Flow from Operations (TTM) was 200. ==> 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)
=150.251/2160.08
=0.06955807

ROA (Last Year)=Net Income/Total Assets (Dec23)
=96.915/1943.94
=0.04985493

Wasion Holdings's return on assets of this year was 0.06955807. Wasion Holdings's return on assets of last year was 0.04985493. ==> 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.

Wasion Holdings's current Net Income (TTM) was 150. Wasion Holdings's current Cash Flow from Operations (TTM) was 200. ==> 200 > 150 ==> 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
=156.022/2328.259
=0.0670123

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=136.112/2052.01
=0.06633106

Wasion Holdings's gearing of this year was 0.0670123. Wasion Holdings's gearing of last year was 0.06633106. ==> 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
=1891.018/1149.391
=1.64523474

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1617.161/1009.773
=1.60150945

Wasion Holdings's current ratio of this year was 1.64523474. Wasion Holdings's current ratio of last year was 1.60150945. ==> 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.

Wasion Holdings's number of shares in issue this year was 992.25. Wasion Holdings's number of shares in issue last year was 988.217. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=510.694/1430.248
=0.35706675

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=416.874/1197.212
=0.34820399

Wasion Holdings's gross margin of this year was 0.35706675. Wasion Holdings's gross margin of last year was 0.34820399. ==> 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 (Dec24)
=1430.248/2160.08
=0.66212733

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1197.212/1943.94
=0.6158688

Wasion Holdings's asset turnover of this year was 0.66212733. Wasion Holdings's asset turnover of last year was 0.6158688. ==> 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
=1+1+1+1+0+1+0+1+1
=7

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

Wasion Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Wasion Holdings (WSIOF) 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 Wasion Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Wasion Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Wasion Holdings ranks #274 out of 2979 companies in the Industrial Products industry, placing it in the top 9.2%.
Is Wasion Holdings' Piotroski F-Score too high?
Wasion Holdings' 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 4.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Wasion Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Wasion Holdings ranks #274 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Wasion Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wasion Holdings' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Wasion Holdings ranks #274 out of 2979 companies for Piotroski F-Score. This places Wasion Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wasion Holdings' value of 7 is 40% above this benchmark. Historically, Wasion Holdings' 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, Wasion Holdings 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 2,979 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. Wasion Holdings'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 Wasion Holdings 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. Wasion Holdings'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 Wasion Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wasion Holdings (WSIOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.58, compared to a current price of $3.31 — trading 109.2% above 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. Wasion Holdings' overall GF Score™ is 62/100 with 1 warning sign 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 Wasion Holdings (WSIOF), 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 Wasion Holdings (WSIOF) Overvalued in 2026?

Based on GuruFocus' analysis, Wasion Holdings stock appears to be overvalued. The current stock price of $3.31 is trading 109.2% above its estimated GF Value™ of $1.58. GuruFocus considers Wasion Holdings to be Significantly Overvalued.

Key valuation signals for WSIOF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $1.58 vs. price of $3.31 (109.2% above fair value)
  • GF Score™: 62/100 with 1 warning sign
  • Industry Position: 40% above the Industrial Products median (#274 of 2979)

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


Wasion Holdings Business Description

Other Exchanges 03393:Hong KongW1U:Germany
Address 39 Gloucester Road, Units 706 - 7, 7th Floor, Harcourt House, Wanchai, Hong Kong, HKG
Wasion Holdings Ltd supplies energy metering products. The firm has three segments: AI-integrated energy efficiency solutions infrastructure segment, which engages in the development, manufacture, and sale of communication terminals and water, gas, and heat metering products; Smart grid solutions segment develops, manufactures, and sells smart power meters and provides respective system solutions; Digital energy services segment is engaged in the manufacture and sale of smart power distribution devices and providing smart power distribution solutions and energy efficiency solutions. Its geographical segments are China, America, Africa, Asia (except PRC), Europe, and Others, of which the majority of its revenue comes from China.
62GF Score

Get the complete analysis for WSIOF

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

$3.31
Price
$1.58
GF Value