Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
United Alloy-Tech CoROCO:3162 -1.29%67 Piotroski F-Score is 5 as of Aug. 23, 2026, which is at its 10-year median of 5.00. GuruFocus rates ROCO:3162 with a GF Score™ of 67/100 and a GF Value™ of NT$72.37 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 2,976 Industrial Products companies, United Alloy-Tech Co ranks better than 55.11% 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
United Alloy-Tech Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for United Alloy-Tech Co's Piotroski F-Score or its related term are showing as below:
ROCO:3162'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of United Alloy-Tech Co was 8. The lowest was 1. And the median was 5.
United Alloy-Tech Co (ROCO:3162) 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.
United Alloy-Tech Co Piotroski F-Score Related Terms
United Alloy-Tech Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for United Alloy-Tech 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.
ROCO:3162 vs CRS, ATI, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, United Alloy-Tech 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.
United Alloy-Tech Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, United Alloy-Tech Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where United Alloy-Tech 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 67.613 + 30.161 + 59.529 + 3.532 = NT$161 Mil. Cash Flow from Operations was 371.42 + 157.454 + 235.451 + 157.604 = NT$922 Mil. Revenue was 1809.36 + 1940.729 + 2109.756 + 1956.307 = NT$7,816 Mil. Gross Profit was 263.1 + 207.979 + 244.441 + 203.692 = NT$919 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9271.634 + 8696.236 + 9785.395 + 10359.209 + 10978.392) / 5 = NT$9818.1732 Mil. Total Assets at the begining of this year (Mar25) was NT$9,272 Mil. Long-Term Debt & Capital Lease Obligation was NT$771 Mil. Total Current Assets was NT$5,713 Mil. Total Current Liabilities was NT$5,941 Mil.
Net Income was -33.542 + 31.751 + 155.552 + 65.108 = NT$219 Mil.
Revenue was 949.734 + 1304.38 + 1706.492 + 1839.002 = NT$5,800 Mil. Gross Profit was 118.493 + 162.266 + 240.289 + 247.792 = NT$769 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6312.494 + 6554.899 + 7037.283 + 7748.23 + 9271.634) / 5 = NT$7384.908 Mil. Total Assets at the begining of last year (Mar24) was NT$6,312 Mil. Long-Term Debt & Capital Lease Obligation was NT$607 Mil. Total Current Assets was NT$5,429 Mil. Total Current Liabilities was NT$5,681 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.
United Alloy-Tech Co's current Net Income (TTM) was 161.
==> 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.
United Alloy-Tech Co's return on assets of this year was 0.017347. United Alloy-Tech Co's return on assets of last year was 0.03467235.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
United Alloy-Tech Co's gearing of this year was 0.07854587. United Alloy-Tech Co's gearing of last year was 0.0821975.
==> 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
United Alloy-Tech Co's current ratio of this year was 0.96160602. United Alloy-Tech Co's current ratio of last year was 0.95576463.
==> 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.
United Alloy-Tech Co's number of shares in issue this year was 176.6. United Alloy-Tech Co's number of shares in issue last year was 130.216.
==> 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.
United Alloy-Tech Co's gross margin of this year was 0.11760416. United Alloy-Tech Co's gross margin of last year was 0.13256758.
==> Last year's gross margin is higher ==> Score 0.
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
United Alloy-Tech Co's asset turnover of this year was 0.84301775. United Alloy-Tech Co's asset turnover of last year was 0.91875066.
==> 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
+
1
+
0
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
United Alloy-Tech Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
United Alloy-Tech Co (ROCO:3162) has a Piotroski F-Score of 5 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Alloy-Tech Co and its competitors. This is near median its historical median of 5.00. Over the past decade, United Alloy-Tech Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, United Alloy-Tech Co ranks #1336 out of 2976 companies in the Industrial Products industry, placing it in the top 44.9%.
Is United Alloy-Tech Co's Piotroski F-Score too high?
United Alloy-Tech Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. United Alloy-Tech Co's value of 5 is 0% at this industry median. Based on the distribution chart, United Alloy-Tech Co ranks #1336 out of 2976 companies in the Industrial Products industry, which is above the industry midpoint. Overall, United Alloy-Tech Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Alloy-Tech Co's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, United Alloy-Tech Co ranks #1336 out of 2976 companies for Piotroski F-Score. This puts United Alloy-Tech Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. United Alloy-Tech Co's value of 5 is 0% at this benchmark. Historically, United Alloy-Tech Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, United Alloy-Tech Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. United Alloy-Tech Co'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 United Alloy-Tech 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. United Alloy-Tech Co's current Piotroski F-Score is 5, which is near 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 United Alloy-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, United Alloy-Tech Co (ROCO:3162) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$72.37, compared to a current price of NT$61.40 — trading 15.2% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Industrial Products industry median of 5.00. United Alloy-Tech Co's overall GF Score™ is 67/100 with 9 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 United Alloy-Tech Co (ROCO:3162), the current Piotroski F-Score is 5 as of Aug. 23, 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 United Alloy-Tech Co (ROCO:3162) Overvalued in 2026?
Based on GuruFocus' analysis, United Alloy-Tech Co stock appears to be undervalued.
The current stock price of NT$61.40 is trading 15.2% below its estimated GF Value™ of NT$72.37.
GuruFocus considers United Alloy-Tech Co to be Modestly Undervalued.
Key valuation signals for ROCO:3162:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: NT$72.37 vs. price of NT$61.40 (15.2% below fair value)
Industry Position: 0% at the Industrial Products median (#1336 of 2976)
No single metric tells the full story. See the ROCO:3162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Alloy-Tech Co Ltd mainly engages in the forging of aluminum alloys, die-casting, the production and processing of molds, and the production and sales business of auto parts. The company has two segments: the Aluminum alloy materials division and the Foam tapes division. Its product pipeline includes Aluminum Alloy 2-7 series, Front Fork End and Crown, Dropout, Riching Dropout, Mountain Bike Dropout, Yoke, Motor Mount, Hanger, and others. Geographically, the company generates the majority of its revenue from China and the rest of Asia, and also has its presence in Taiwan, Europe, and the U.S.
67GF Score
Get the complete analysis for ROCO:3162
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3162 has been successfully added to your 
