Forcera Materials CoROCO:3467 -1.28%40 Piotroski F-Score is 6 as of Jun. 30, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ROCO:3467 with a GF Score™ of 40/100. The stock has 3 warning signs investors should review. Among 989 Semiconductors companies, Forcera Materials Co ranks better than 80.18% 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
Forcera Materials Co 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 Forcera Materials Co's Piotroski F-Score or its related term are showing as below:
ROCO:3467'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 8
Current: 6
During the past 6 years, the highest Piotroski F-Score of Forcera Materials Co was 8. The lowest was 6. And the median was 7.
Forcera Materials Co (ROCO:3467) 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.
Forcera Materials Co Piotroski F-Score Related Terms
Forcera Materials Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Forcera Materials 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:3467 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Forcera Materials 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.
Forcera Materials Co Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Forcera Materials Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Forcera Materials 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.
*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.
Forcera Materials Co's current Net Income (TTM) was 17.8.
==> 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.
Forcera Materials Co's return on assets of this year was 0.02449142. Forcera Materials Co's return on assets of last year was 0.0410013.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Forcera Materials Co's gearing of this year was 0.09051035. Forcera Materials Co's gearing of last year was 0.1440384.
==> 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
Forcera Materials Co's current ratio of this year was 2.8120693. Forcera Materials Co's current ratio of last year was 2.36288601.
==> 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.
Forcera Materials Co's number of shares in issue this year was 33.989. Forcera Materials Co's number of shares in issue last year was 28.648.
==> 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.
Forcera Materials Co's gross margin of this year was 0.19508674. Forcera Materials Co's gross margin of last year was 0.18376078.
==> 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
Forcera Materials Co's asset turnover of this year was 0.84668516. Forcera Materials Co's asset turnover of last year was 0.87725047.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Forcera Materials Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Forcera Materials Co (ROCO:3467) has a Piotroski F-Score of 6 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Forcera Materials Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Forcera Materials Co's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Forcera Materials Co ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Forcera Materials Co's Piotroski F-Score too high?
Forcera Materials Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Forcera Materials Co's value of 6 is 20% above this industry median. Based on the distribution chart, Forcera Materials Co ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Forcera Materials Co has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Forcera Materials Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Forcera Materials Co ranks #196 out of 989 companies for Piotroski F-Score. This places Forcera Materials Co in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Forcera Materials Co's value of 6 is 20% above this benchmark. Historically, Forcera Materials Co's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Forcera Materials Co 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Forcera Materials Co's current Piotroski F-Score of 6 is 20% 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 Forcera Materials Co and its competitors. For the Semiconductors 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. Forcera Materials Co's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forcera Materials Co stock overvalued right now?
Forcera Materials Co (ROCO:3467) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Semiconductors industry median of 5.00. Forcera Materials Co's overall GF Score™ is 40/100 with 3 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 Forcera Materials Co (ROCO:3467), the current Piotroski F-Score is 6 as of Jun. 30, 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.
Forcera Materials Co Ltd is a company mainly engaged in the high-purity consumable components required in the semiconductor front-end manufacturing process. The newly completed factory of Taiwan Fine Materials is mainly a complex factory with an automated processing and manufacturing line of consumables and components. The materials processed include ceramics, quartz, silicon, etc. Its scale and output have reached the highest level in Asia.
40GF Score
Get the complete analysis for ROCO:3467
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