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Taiw Fructose CoROCO:4207 78 Piotroski F-Score is 7 as of Aug. 16, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ROCO:4207 with a GF Score™ of 78/100 and a GF Value™ of NT$15.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Taiw Fructose Co ranks better than 88.38% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Taiw Fructose Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Taiw Fructose Co's Piotroski F-Score or its related term are showing as below:
ROCO:4207'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Taiw Fructose Co was 8. The lowest was 2. And the median was 6.
Taiw Fructose Co (ROCO:4207) 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.
Taiw Fructose Co Piotroski F-Score Related Terms
Taiw Fructose Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Taiw Fructose 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:4207 vs MDLZ, HSY, TR: Piotroski F-Score Comparison
For the Confectioners subindustry, Taiw Fructose 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.
Taiw Fructose Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Taiw Fructose Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Taiw Fructose 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 108.102 + 97.266 + 88.822 + 97.185 = NT$391 Mil. Cash Flow from Operations was 381.096 + 181.606 + 139.104 + 90.306 = NT$792 Mil. Revenue was 1312.499 + 1222.802 + 1271.846 + 1396.098 = NT$5,203 Mil. Gross Profit was 273.383 + 267.643 + 263.108 + 280.186 = NT$1,084 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6176.513 + 5875.823 + 6048.339 + 6301.487 + 6743.877) / 5 = NT$6229.2078 Mil. Total Assets at the begining of this year (Mar25) was NT$6,177 Mil. Long-Term Debt & Capital Lease Obligation was NT$941 Mil. Total Current Assets was NT$3,372 Mil. Total Current Liabilities was NT$1,490 Mil.
Net Income was 71.562 + 30.651 + 63.208 + 55.156 = NT$221 Mil.
Revenue was 1498.09 + 1379.025 + 1339.637 + 1357.295 = NT$5,574 Mil. Gross Profit was 206.38 + 177.964 + 196.562 + 205.48 = NT$786 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5823.446 + 6028.793 + 6264.847 + 6194.662 + 6176.513) / 5 = NT$6097.6522 Mil. Total Assets at the begining of last year (Mar24) was NT$5,823 Mil. Long-Term Debt & Capital Lease Obligation was NT$819 Mil. Total Current Assets was NT$2,953 Mil. Total Current Liabilities was NT$1,319 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.
Taiw Fructose Co's current Net Income (TTM) was 391.
==> 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.
Taiw Fructose Co's return on assets of this year was 0.06336504. Taiw Fructose Co's return on assets of last year was 0.0378774.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Taiw Fructose Co's gearing of this year was 0.1510961. Taiw Fructose Co's gearing of last year was 0.13435286.
==> 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
Taiw Fructose Co's current ratio of this year was 2.26334833. Taiw Fructose Co's current ratio of last year was 2.23852421.
==> 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.
Taiw Fructose Co's number of shares in issue this year was 198.337. Taiw Fructose Co's number of shares in issue last year was 198.885.
==> 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.
Taiw Fructose Co's gross margin of this year was 0.20839303. Taiw Fructose Co's gross margin of last year was 0.1410799.
==> 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
Taiw Fructose Co's asset turnover of this year was 0.84242436. Taiw Fructose Co's asset turnover of last year was 0.9571733.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Taiw Fructose Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Taiw Fructose Co (ROCO:4207) has a Piotroski F-Score of 7 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taiw Fructose Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Taiw Fructose Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Taiw Fructose Co ranks #222 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is Taiw Fructose Co's Piotroski F-Score too high?
Taiw Fructose Co's current Piotroski F-Score of 7 is 17% above 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Taiw Fructose Co's value of 7 is 40% above this industry median. Based on the distribution chart, Taiw Fructose Co ranks #222 out of 1910 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Taiw Fructose Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiw Fructose Co's Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Taiw Fructose Co ranks #222 out of 1910 companies for Piotroski F-Score. This places Taiw Fructose Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Taiw Fructose Co's value of 7 is 40% above this benchmark. Historically, Taiw Fructose Co'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, Taiw Fructose 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Taiw Fructose Co's current Piotroski F-Score of 7 is 40% 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 Taiw Fructose Co and its competitors. For the Consumer Packaged Goods 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. Taiw Fructose Co's current Piotroski F-Score is 7, which is 17% 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 Taiw Fructose Co stock overvalued right now?
Based on GuruFocus' analysis, Taiw Fructose Co (ROCO:4207) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.82, compared to a current price of NT$20.95 — trading 32.4% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Taiw Fructose Co's overall GF Score™ is 78/100 with 5 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 Taiw Fructose Co (ROCO:4207), the current Piotroski F-Score is 7 as of Aug. 16, 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 Taiw Fructose Co (ROCO:4207) Overvalued in 2026?
Based on GuruFocus' analysis, Taiw Fructose Co stock appears to be overvalued.
The current stock price of NT$20.95 is trading 32.4% above its estimated GF Value™ of NT$15.82.
GuruFocus considers Taiw Fructose Co to be Significantly Overvalued.
Key valuation signals for ROCO:4207:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: NT$15.82 vs. price of NT$20.95 (32.4% above fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1910)
No single metric tells the full story. See the ROCO:4207 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiw Fructose Co Ltd is a Taiwan-based company engaged in the processing and manufacturing of fructose, maltose, glucose, starch, as well as the trading of tinplate. Its main products include Fructose, maltose, isomaltoligosaccharide, maltodextrin, and functional oligosaccharides. These products are marketed and supplied to beverage, juice, and ice cream factories in China. The company's segments include the Fructose segment and the Tinplate segment. The majority of revenue is derived from the Fructose segment.
78GF Score
Get the complete analysis for ROCO:4207
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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