ABC Taiwan ElectronicsROCO:3236 -7.11%44 Piotroski F-Score is 8 as of Jun. 29, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ROCO:3236 with a GF Score™ of 44/100 and a GF Value™ of NT$19.86 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 2,432 Hardware companies, ABC Taiwan Electronics ranks better than 98.64% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
ABC Taiwan Electronics has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for ABC Taiwan Electronics's Piotroski F-Score or its related term are showing as below:
ROCO:3236'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of ABC Taiwan Electronics was 8. The lowest was 4. And the median was 6.
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.
ABC Taiwan Electronics Piotroski F-Score Related Terms
ABC Taiwan Electronics Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for ABC Taiwan Electronics'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:3236 vs APH, GLW: Piotroski F-Score Comparison
For the Electronic Components subindustry, ABC Taiwan Electronics'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.
ABC Taiwan Electronics Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, ABC Taiwan Electronics's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ABC Taiwan Electronics'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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was -0.018 + -20.196 + 32.949 + 21.026 = NT$34 Mil. Cash Flow from Operations was -28.658 + 10.702 + 67.534 + 118.65 = NT$168 Mil. Revenue was 449.986 + 527.463 + 551.156 + 538.997 = NT$2,068 Mil. Gross Profit was 106.358 + 118.718 + 157.701 + 140.319 = NT$523 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(3106.819 + 3105.228 + 2992.579 + 3056.912 + 3127.571) / 5 = NT$3077.8218 Mil. Total Assets at the begining of this year (Dec24) was NT$3,107 Mil. Long-Term Debt & Capital Lease Obligation was NT$626 Mil. Total Current Assets was NT$1,426 Mil. Total Current Liabilities was NT$838 Mil.
Net Income was -15.435 + 13.584 + -6.202 + 12.499 = NT$4 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.
ABC Taiwan Electronics's current Net Income (TTM) was 34.
==> 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.
ABC Taiwan Electronics's return on assets of this year was 0.01086674. ABC Taiwan Electronics's return on assets of last year was 0.00141396.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
ABC Taiwan Electronics's gearing of this year was 0.20352413. ABC Taiwan Electronics's gearing of last year was 0.19927736.
==> 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
ABC Taiwan Electronics's current ratio of this year was 1.70106565. ABC Taiwan Electronics's current ratio of last year was 1.62653186.
==> 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.
ABC Taiwan Electronics's number of shares in issue this year was 105.528. ABC Taiwan Electronics's number of shares in issue last year was 105.537.
==> 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.
ABC Taiwan Electronics's gross margin of this year was 0.25299647. ABC Taiwan Electronics's gross margin of last year was 0.21988876.
==> 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
ABC Taiwan Electronics's asset turnover of this year was 0.66550449. ABC Taiwan Electronics's asset turnover of last year was 0.59286267.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ABC Taiwan Electronics has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
ABC Taiwan Electronics (ROCO:3236) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ABC Taiwan Electronics and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, ABC Taiwan Electronics' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, ABC Taiwan Electronics ranks #33 out of 2432 companies in the Hardware industry, placing it in the top 1.4%.
Is ABC Taiwan Electronics' Piotroski F-Score too high?
ABC Taiwan Electronics' current Piotroski F-Score of 8 is 33% 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 Hardware industry median Piotroski F-Score is 5.00. ABC Taiwan Electronics' value of 8 is 60% above this industry median. Based on the distribution chart, ABC Taiwan Electronics ranks #33 out of 2432 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, ABC Taiwan Electronics has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ABC Taiwan Electronics' Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, ABC Taiwan Electronics ranks #33 out of 2432 companies for Piotroski F-Score. This places ABC Taiwan Electronics in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ABC Taiwan Electronics' value of 8 is 60% above this benchmark. Historically, ABC Taiwan Electronics' 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, ABC Taiwan Electronics 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. ABC Taiwan Electronics's current Piotroski F-Score of 8 is 60% 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 ABC Taiwan Electronics 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. ABC Taiwan Electronics's current Piotroski F-Score is 8, which is 33% 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 ABC Taiwan Electronics stock overvalued right now?
Based on GuruFocus' analysis, ABC Taiwan Electronics (ROCO:3236) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.86, compared to a current price of NT$62.70 — trading 215.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Hardware industry median of 5.00. ABC Taiwan Electronics' overall GF Score™ is 44/100 with 10 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 ABC Taiwan Electronics (ROCO:3236), the current Piotroski F-Score is 8 as of Jun. 29, 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 ABC Taiwan Electronics (ROCO:3236) Overvalued in 2026?
Based on GuruFocus' analysis, ABC Taiwan Electronics stock appears to be overvalued.
The current stock price of NT$62.70 is trading 215.7% above its estimated GF Value™ of NT$19.86.
GuruFocus considers ABC Taiwan Electronics to be Significantly Overvalued.
Key valuation signals for ROCO:3236:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: NT$19.86 vs. price of NT$62.70 (215.7% above fair value)
Industry Position: 60% above the Hardware median (#33 of 2432)
No single metric tells the full story. See the ROCO:3236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ABC Taiwan Electronics Corp is a manufacturer of electronic components. It offers chip inductors, power inductors, filter inductive components, transformers, micro-porous ceramic (MPC) heat sinks, precision metal stamping parts, LED lighting fixtures, and other associated products used in various electronic products, communication electronic products, computer and peripheral equipment, industrial electronic equipment, etc. The Group's reportable units are Inductors and Others, out of which the Inductors business generates the maximum revenue. Geographically, it derives maximum revenue from the USA, and the rest from Germany, China, Taiwan, and other markets.
44GF Score
Get the complete analysis for ROCO:3236
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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