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Gold Rain EnterprisesROCO:4503 -6.98%64 Piotroski F-Score is 8 as of Jul. 17, 2026, which is 100% above its 10-year median of 4.00. GuruFocus rates ROCO:4503 with a GF Score™ of 64/100 and a GF Value™ of NT$95.22 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,969 Industrial Products companies, Gold Rain Enterprises ranks better than 97.88% 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
Gold Rain Enterprises 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 Gold Rain Enterprises's Piotroski F-Score or its related term are showing as below:
ROCO:4503'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Gold Rain Enterprises was 8. The lowest was 1. And the median was 4.
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.
Gold Rain Enterprises Piotroski F-Score Related Terms
Gold Rain Enterprises Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Gold Rain Enterprises'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.
For the Business Equipment & Supplies subindustry, Gold Rain Enterprises'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.
Gold Rain Enterprises Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gold Rain Enterprises's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gold Rain Enterprises'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 0.327 + -5.448 + 68.579 + 43.995 = NT$107.5 Mil. Cash Flow from Operations was -24.228 + -2.063 + 65.157 + 99.224 = NT$138.1 Mil. Revenue was 119.613 + 181.03 + 224.382 + 139.628 = NT$664.7 Mil. Gross Profit was 11.535 + 52.264 + 68.289 + 12.502 = NT$144.6 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(1705.806 + 1664.052 + 1657.892 + 1732.906 + 1743.549) / 5 = NT$1700.841 Mil. Total Assets at the begining of this year (Dec24) was NT$1,705.8 Mil. Long-Term Debt & Capital Lease Obligation was NT$7.5 Mil. Total Current Assets was NT$1,243.5 Mil. Total Current Liabilities was NT$104.2 Mil.
Net Income was -18.026 + -3.507 + -17.918 + -39.384 = NT$-78.8 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.
Gold Rain Enterprises's current Net Income (TTM) was 107.5.
==> 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.
Score 1 if positive, 0 if negative.
Gold Rain Enterprises's current Cash Flow from Operations (TTM) was 138.1.
==> 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.
Gold Rain Enterprises's return on assets of this year was 0.06299251. Gold Rain Enterprises's return on assets of last year was -0.0795573.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Gold Rain Enterprises's gearing of this year was 0.00441664. Gold Rain Enterprises's gearing of last year was 0.02143193.
==> 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
Gold Rain Enterprises's current ratio of this year was 11.92978568. Gold Rain Enterprises's current ratio of last year was 8.17908017.
==> 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.
Gold Rain Enterprises's number of shares in issue this year was 78.313. Gold Rain Enterprises's number of shares in issue last year was 66.823.
==> 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.
Gold Rain Enterprises's gross margin of this year was 0.21754209. Gold Rain Enterprises's gross margin of last year was -0.05295193.
==> 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
Gold Rain Enterprises's asset turnover of this year was 0.38964161. Gold Rain Enterprises's asset turnover of last year was 0.34933461.
==> 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
Gold Rain Enterprises has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Gold Rain Enterprises (ROCO:4503) has a Piotroski F-Score of 8 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gold Rain Enterprises and its competitors. This is 100% above median its historical median of 4.00. Over the past decade, Gold Rain Enterprises' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Gold Rain Enterprises ranks #63 out of 2969 companies in the Industrial Products industry, placing it in the top 2.1%.
Is Gold Rain Enterprises' Piotroski F-Score too high?
Gold Rain Enterprises' current Piotroski F-Score of 8 is 100% above median its 10-year median of 4.00. 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. Gold Rain Enterprises' value of 8 is 60% above this industry median. Based on the distribution chart, Gold Rain Enterprises ranks #63 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Gold Rain Enterprises has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gold Rain Enterprises' Piotroski F-Score compare to competitors?
According to the Industrial Products industry distribution chart, Gold Rain Enterprises ranks #63 out of 2969 companies for Piotroski F-Score. This places Gold Rain Enterprises in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Gold Rain Enterprises' value of 8 is 60% above this benchmark. Historically, Gold Rain Enterprises' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Gold Rain Enterprises 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,969 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. Gold Rain Enterprises'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 Gold Rain Enterprises 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. Gold Rain Enterprises's current Piotroski F-Score is 8, which is 100% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Rain Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Gold Rain Enterprises (ROCO:4503) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$95.22, compared to a current price of NT$36.00 — trading 62.2% below its estimated fair value. The current Piotroski F-Score is 8, which is 100% above median its 10-year median of 4.00 and 60% above the Industrial Products industry median of 5.00. Gold Rain Enterprises' overall GF Score™ is 64/100 with 1 warning sign 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 Gold Rain Enterprises (ROCO:4503), the current Piotroski F-Score is 8 as of Jul. 17, 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 Gold Rain Enterprises (ROCO:4503) Overvalued in 2026?
Based on GuruFocus' analysis, Gold Rain Enterprises stock appears to be undervalued.
The current stock price of NT$36.00 is trading 62.2% below its estimated GF Value™ of NT$95.22.
GuruFocus considers Gold Rain Enterprises to be Significantly Undervalued.
Key valuation signals for ROCO:4503:
Piotroski F-Score: 8 (100% above median its 10-year median of 4.00)
GF Value™: NT$95.22 vs. price of NT$36.00 (62.2% below fair value)
Industry Position: 60% above the Industrial Products median (#63 of 2969)
No single metric tells the full story. See the ROCO:4503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gold Rain Enterprises Corp is a Taiwan-based manufacturer of vending machines. It offers various service machines comprising digital vending machines, post machines, digital photo printers, knocking gamers, lottery machines, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with full production line tools, such as various types of molds, punching beds, laser cutting, painting, welding, and assembly lines. Geographically, the company generates maximum revenue from Taiwan and the rest from other parts of Asia.
64GF Score
Get the complete analysis for ROCO:4503
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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