Qisda (LUX:QISDA) Piotroski F-Score: 5 (As of Aug. 27, 2026) — 17% Below Median

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LUX:QISDA Qisda Corp LUX:QISDA
70 GF Score
Price $7.26
GF Value $10.88
! 8 Warning Signs
View Full Analysis

What is Qisda Piotroski F-Score?

Qisda LUX:QISDA 70 Piotroski F-Score is 5 as of Aug. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates LUX:QISDA with a GF Score™ of 70/100 and a GF Value™ of $10.88. The stock has 8 warning signs investors should review. Among 2,441 Hardware companies, Qisda ranks better than 57.97% 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

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

LUX:QISDA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Qisda was 8. The lowest was 2. And the median was 6.

Qisda  (LUX:QISDA) 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.


Qisda Piotroski F-Score Related Terms


Qisda Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Qisda'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.

Qisda Piotroski F-Score Chart

Qisda 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 6.00 4.00 5.00 6.00 5.00

Qisda Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 7.00 5.00 5.00 5.00

LUX:QISDA vs DELL, ANET, SNDK: Piotroski F-Score Comparison

For the Computer Hardware subindustry, Qisda'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.


Qisda Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Qisda's Piotroski F-Score distribution charts can be found below:

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


LUX:QISDA
70GF Score
Qisda Corp LUX:QISDA
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 8.273 + 1.664 + 9.963 + 18.783 = $39 Mil.
Cash Flow from Operations was 94.48 + 93.614 + -141.929 + 71.738 = $118 Mil.
Revenue was 1729.772 + 1663.713 + 1617.242 + 1667.65 = $6,678 Mil.
Gross Profit was 292.23 + 283.777 + 269.623 + 288.055 = $1,134 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(6644.031 + 6552.573 + 6544.657 + 6659.637 + 7291.349) / 5 = $6738.4494 Mil.
Total Assets at the begining of this year (Jun25) was $6,644 Mil.
Long-Term Debt & Capital Lease Obligation was $1,272 Mil.
Total Current Assets was $4,171 Mil.
Total Current Liabilities was $3,614 Mil.
Net Income was 32.95 + 5.862 + 14.644 + 12.026 = $65 Mil.

Revenue was 1589.495 + 1660.834 + 1508.445 + 1804.812 = $6,564 Mil.
Gross Profit was 266.353 + 271.386 + 261.423 + 291.241 = $1,090 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(6048.254 + 6234.87 + 6336.422 + 6224.936 + 6644.031) / 5 = $6297.7026 Mil.
Total Assets at the begining of last year (Jun24) was $6,048 Mil.
Long-Term Debt & Capital Lease Obligation was $1,297 Mil.
Total Current Assets was $3,844 Mil.
Total Current Liabilities was $3,257 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.

Qisda's current Net Income (TTM) was 39. ==> 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.

Qisda's current Cash Flow from Operations (TTM) was 118. ==> 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 (Jun25)
=38.683/6644.031
=0.00582222

ROA (Last Year)=Net Income/Total Assets (Jun24)
=65.482/6048.254
=0.0108266

Qisda's return on assets of this year was 0.00582222. Qisda's return on assets of last year was 0.0108266. ==> 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.

Qisda's current Net Income (TTM) was 39. Qisda's current Cash Flow from Operations (TTM) was 118. ==> 118 > 39 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1272.188/6738.4494
=0.18879536

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1296.668/6297.7026
=0.2058954

Qisda's gearing of this year was 0.18879536. Qisda's gearing of last year was 0.2058954. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=4170.927/3613.888
=1.15413842

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=3843.516/3257.193
=1.18000868

Qisda's current ratio of this year was 1.15413842. Qisda's current ratio of last year was 1.18000868. ==> 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.

Qisda's number of shares in issue this year was 0. Qisda's number of shares in issue last year was 324.576. ==> 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
=1133.685/6678.377
=0.16975457

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1090.403/6563.586
=0.16612916

Qisda's gross margin of this year was 0.16975457. Qisda's gross margin of last year was 0.16612916. ==> 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 (Jun25)
=6678.377/6644.031
=1.00516945

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=6563.586/6048.254
=1.08520343

Qisda's asset turnover of this year was 1.00516945. Qisda's asset turnover of last year was 1.08520343. ==> 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+0+1+1+0+1+1+0
=6

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

Qisda 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 5 mean?
Qisda (LUX:QISDA) has a Piotroski F-Score of 5 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Qisda and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Qisda's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Qisda ranks #1026 out of 2441 companies in the Hardware industry, placing it in the top 42%.
Is Qisda's Piotroski F-Score too high?
Qisda's current Piotroski F-Score of 5 is 17% below 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 8.00. The Hardware industry median Piotroski F-Score is 5.00. Qisda's value of 5 is 0% at this industry median. Based on the distribution chart, Qisda ranks #1026 out of 2441 companies in the Hardware industry, which is above the industry midpoint. Overall, Qisda has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Qisda's Piotroski F-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Qisda ranks #1026 out of 2441 companies for Piotroski F-Score. This puts Qisda in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Qisda's value of 5 is 0% at this benchmark. Historically, Qisda'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 6.00 vs. the industry median of 5.00, Qisda 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,441 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. Qisda'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 Qisda and its competitors. For the Hardware 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. Qisda's current Piotroski F-Score is 5, which is 17% below 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 Qisda stock overvalued right now?
Qisda (LUX:QISDA) has a current Piotroski F-Score of 5. The stock's GF Value™ is $10.88, compared to a current price of $7.26 — trading 33.3% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Hardware industry median of 5.00. Qisda's overall GF Score™ is 70/100 with 8 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 Qisda (LUX:QISDA), the current Piotroski F-Score is 5 as of Aug. 27, 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 Qisda (LUX:QISDA) Overvalued in 2026?

Based on GuruFocus' analysis, Qisda stock appears to be undervalued. The current stock price of $7.26 is trading 33.3% below its estimated GF Value™ of $10.88.

Key valuation signals for LUX:QISDA:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $10.88 vs. price of $7.26 (33.3% below fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 0% at the Hardware median (#1026 of 2441)

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


Qisda Business Description

Other Exchanges 2352:Taiwan
Address No. 157, Shan-Ying Road, Gueishan District, Taoyuan, Taoyuan, TWN, 333
Qisda Corp is engaged in the manufacturing, sales, and services of high-end monitors and opto-mechatronics products. The company's segments include DMS engaging in the design, research, manufacturing, and sale of electronic products; Brand engaging in the design, research, marketing and sale of brand-name products; Material engaging in the research, manufacturing, and sale of optoelectronics film; Medical offering medical services; Networks engaging in the design, research, manufacturing, and sale of broadband products, wireless network products and computer network system equipment. The majority of the revenue is derived from the DMS segment. Geographically, its operations are spread across Asia, Europe, the Americas, and Others.
70GF Score

Get the complete analysis for LUX:QISDA

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

$7.26
Price
$10.88
GF Value