EPS Bio Technology (ROCO:4183) Piotroski F-Score: 5 (As of Jul. 13, 2026) — 17% Below Median


ROCO:4183 EPS Bio Technology Corp ROCO:4183
63 GF Score
Price NT$14.00
GF Value NT$22.94
Valuation Significantly Undervalued
! 2 Warning Signs
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What is EPS Bio Technology Piotroski F-Score?

EPS Bio Technology ROCO:4183 63 Piotroski F-Score is 5 as of Jul. 13, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates ROCO:4183 with a GF Score™ of 63/100 and a GF Value™ of NT$22.94 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 803 Medical Devices & Instruments companies, EPS Bio Technology ranks better than 65.01% 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

EPS Bio Technology 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 EPS Bio Technology's Piotroski F-Score or its related term are showing as below:

ROCO:4183' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of EPS Bio Technology was 7. The lowest was 3. And the median was 6.

EPS Bio Technology  (ROCO:4183) 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.


EPS Bio Technology Piotroski F-Score Related Terms


EPS Bio Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for EPS Bio Technology'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.

EPS Bio Technology Piotroski F-Score Chart

EPS Bio Technology 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 4.00 6.00 6.00 3.00 5.00

EPS Bio Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 3.00 3.00 3.00 3.00 5.00

ROCO:4183 vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, EPS Bio Technology'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.


EPS Bio Technology Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, EPS Bio Technology's Piotroski F-Score distribution charts can be found below:

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


ROCO:4183
63GF Score
EPS Bio Technology Corp ROCO:4183
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 1.179 + -12.956 + 6.449 + -2.538 = NT$-7.9 Mil.
Cash Flow from Operations was 6.591 + 3.222 + 6.843 + -16.053 = NT$0.6 Mil.
Revenue was 119.647 + 130.282 + 130.565 + 119.21 = NT$499.7 Mil.
Gross Profit was 20.376 + 27.295 + 23.08 + 16.292 = NT$87.0 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(541.895 + 550.186 + 543.722 + 524.484 + 533.247) / 5 = NT$538.7068 Mil.
Total Assets at the begining of this year (Dec24) was NT$541.9 Mil.
Long-Term Debt & Capital Lease Obligation was NT$95.0 Mil.
Total Current Assets was NT$355.5 Mil.
Total Current Liabilities was NT$154.6 Mil.
Net Income was 11.789 + 7.984 + 6.442 + -8.908 = NT$17.3 Mil.

Revenue was 97.901 + 133.648 + 102.84 + 116.695 = NT$451.1 Mil.
Gross Profit was 27.264 + 29.774 + 34.42 + 4.808 = NT$96.3 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(543.164 + 530.014 + 576.248 + 565.086 + 541.895) / 5 = NT$551.2814 Mil.
Total Assets at the begining of last year (Dec23) was NT$543.2 Mil.
Long-Term Debt & Capital Lease Obligation was NT$104.4 Mil.
Total Current Assets was NT$368.0 Mil.
Total Current Liabilities was NT$129.8 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.

EPS Bio Technology's current Net Income (TTM) was -7.9. ==> Negative ==> Score 0.

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.

EPS Bio Technology's current Cash Flow from Operations (TTM) was 0.6. ==> 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)
=-7.866/541.895
=-0.01451573

ROA (Last Year)=Net Income/Total Assets (Dec23)
=17.307/543.164
=0.0318633

EPS Bio Technology's return on assets of this year was -0.01451573. EPS Bio Technology's return on assets of last year was 0.0318633. ==> 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.

EPS Bio Technology's current Net Income (TTM) was -7.9. EPS Bio Technology's current Cash Flow from Operations (TTM) was 0.6. ==> 0.6 > -7.9 ==> 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
=95.021/538.7068
=0.17638723

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=104.39/551.2814
=0.18935883

EPS Bio Technology's gearing of this year was 0.17638723. EPS Bio Technology's gearing of last year was 0.18935883. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=355.472/154.616
=2.29906349

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=367.998/129.849
=2.8340457

EPS Bio Technology's current ratio of this year was 2.29906349. EPS Bio Technology's current ratio of last year was 2.8340457. ==> 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.

EPS Bio Technology's number of shares in issue this year was 23.8. EPS Bio Technology's number of shares in issue last year was 23.8. ==> 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
=87.043/499.704
=0.17418912

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=96.266/451.084
=0.21341036

EPS Bio Technology's gross margin of this year was 0.17418912. EPS Bio Technology's gross margin of last year was 0.21341036. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=499.704/541.895
=0.92214174

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=451.084/543.164
=0.83047477

EPS Bio Technology's asset turnover of this year was 0.92214174. EPS Bio Technology's asset turnover of last year was 0.83047477. ==> 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
=0+1+0+1+1+0+1+0+1
=5

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

EPS Bio Technology has an F-score of 5 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?
EPS Bio Technology (ROCO:4183) has a Piotroski F-Score of 5 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on EPS Bio Technology and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, EPS Bio Technology's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, EPS Bio Technology ranks #281 out of 803 companies in the Medical Devices & Instruments industry, placing it in the top 35%.
Is EPS Bio Technology's Piotroski F-Score too high?
EPS Bio Technology'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 3.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. EPS Bio Technology's value of 5 is 0% at this industry median. Based on the distribution chart, EPS Bio Technology ranks #281 out of 803 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, EPS Bio Technology has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPS Bio Technology's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, EPS Bio Technology ranks #281 out of 803 companies for Piotroski F-Score. This puts EPS Bio Technology in the upper half of its industry. The industry median Piotroski F-Score is 5.00. EPS Bio Technology's value of 5 is 0% at this benchmark. Historically, EPS Bio Technology's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, EPS Bio Technology 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 803 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. EPS Bio Technology'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 EPS Bio Technology and its competitors. For the Medical Devices & Instruments 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. EPS Bio Technology'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 EPS Bio Technology stock overvalued right now?
Based on GuruFocus' analysis, EPS Bio Technology (ROCO:4183) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$22.94, compared to a current price of NT$14.00 — trading 39% 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 Medical Devices & Instruments industry median of 5.00. EPS Bio Technology's overall GF Score™ is 63/100 with 2 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 EPS Bio Technology (ROCO:4183), the current Piotroski F-Score is 5 as of Jul. 13, 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 EPS Bio Technology (ROCO:4183) Overvalued in 2026?

Based on GuruFocus' analysis, EPS Bio Technology stock appears to be undervalued. The current stock price of NT$14.00 is trading 39% below its estimated GF Value™ of NT$22.94. GuruFocus considers EPS Bio Technology to be Significantly Undervalued.

Key valuation signals for ROCO:4183:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: NT$22.94 vs. price of NT$14.00 (39% below fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#281 of 803)

No single metric tells the full story. See the ROCO:4183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EPS Bio Technology Business Description

Address No. 8, R&D 3rd Road, Hsinchu Science Park, Hsinchu, TWN, 30076
EPS Bio Technology Corp operates in medical equipment manufacturing, international trade, intellectual property, and research, design, development, manufacture and sale of blood glucose measuring system and cirrhosis testing system. Its products include Test sheet and Glucose machine. Geographically it operates in Germany, Iran, Kingdom of Saudi Arabia, Switzerland, Las Vegas, and Others with majority of the revenue deriving from Germany.
63GF Score

Get the complete analysis for ROCO:4183

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

NT$14.00
Price
NT$22.94
GF Value