Jason Co (ROCO:4570) Piotroski F-Score: 4 (As of Jul. 15, 2026) — 20% Below Median

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ROCO:4570 Jason Co Ltd ROCO:4570
90 GF Score
Price NT$70.90
GF Value NT$56.47
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Jason Co Piotroski F-Score?

Jason Co ROCO:4570 +4.11% 90 Piotroski F-Score is 4 as of Jul. 15, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates ROCO:4570 with a GF Score™ of 90/100 and a GF Value™ of NT$56.47 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Jason Co ranks worse than 70.51% 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

Jason Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Jason Co's Piotroski F-Score or its related term are showing as below:

ROCO:4570' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 4

During the past 9 years, the highest Piotroski F-Score of Jason Co was 9. The lowest was 3. And the median was 5.

Jason Co  (ROCO:4570) 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.


Jason Co Piotroski F-Score Related Terms


Jason Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jason 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.

Jason Co Piotroski F-Score Chart

Jason Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 9.00 8.00 5.00 4.00

Jason Co Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 8.00 0.00 5.00 0.00 4.00

ROCO:4570 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Jason 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.


Jason Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jason Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Jason Co's Piotroski F-Score falls into.


ROCO:4570
90GF Score
Jason Co Ltd ROCO:4570
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 NT$114 Mil.
Cash Flow from Operations was NT$132 Mil.
Revenue was NT$1,346 Mil.
Gross Profit was NT$529 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2477.544 + 2581.013) / 2 = NT$2529.2785 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,478 Mil.
Long-Term Debt & Capital Lease Obligation was NT$68 Mil.
Total Current Assets was NT$2,028 Mil.
Total Current Liabilities was NT$281 Mil.
Net Income was NT$194 Mil.

Revenue was NT$1,543 Mil.
Gross Profit was NT$614 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2613.453 + 2477.544) / 2 = NT$2545.4985 Mil.
Total Assets at the begining of last year (Dec23) was NT$2,613 Mil.
Long-Term Debt & Capital Lease Obligation was NT$9 Mil.
Total Current Assets was NT$1,973 Mil.
Total Current Liabilities was NT$262 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.

Jason Co's current Net Income (TTM) was 114. ==> 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.

Jason Co's current Cash Flow from Operations (TTM) was 132. ==> 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)
=113.69/2477.544
=0.04588819

ROA (Last Year)=Net Income/Total Assets (Dec23)
=194.197/2613.453
=0.07430667

Jason Co's return on assets of this year was 0.04588819. Jason Co's return on assets of last year was 0.07430667. ==> 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.

Jason Co's current Net Income (TTM) was 114. Jason Co's current Cash Flow from Operations (TTM) was 132. ==> 132 > 114 ==> 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
=67.721/2529.2785
=0.02677483

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9.045/2545.4985
=0.00355333

Jason Co's gearing of this year was 0.02677483. Jason Co's gearing of last year was 0.00355333. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=2028.213/280.842
=7.22190057

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1972.922/261.553
=7.54310599

Jason Co's current ratio of this year was 7.22190057. Jason Co's current ratio of last year was 7.54310599. ==> 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.

Jason Co's number of shares in issue this year was 44.057. Jason Co's number of shares in issue last year was 44.064. ==> 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
=529.114/1345.547
=0.39323338

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=614.173/1542.503
=0.39816649

Jason Co's gross margin of this year was 0.39323338. Jason Co's gross margin of last year was 0.39816649. ==> 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)
=1345.547/2477.544
=0.54309712

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1542.503/2613.453
=0.59021647

Jason Co's asset turnover of this year was 0.54309712. Jason Co's asset turnover of last year was 0.59021647. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+0
=4

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

Jason Co has an F-score of 4 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 4 mean?
Jason Co (ROCO:4570) has a Piotroski F-Score of 4 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jason Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Jason Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Jason Co ranks #906 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 70.5%.
Is Jason Co's Piotroski F-Score too high?
Jason Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Jason Co's value of 4 is 20% below this industry median. Based on the distribution chart, Jason Co ranks #906 out of 1285 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Jason Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jason Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Jason Co ranks #906 out of 1285 companies for Piotroski F-Score. This places Jason Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Jason Co's value of 4 is 20% below this benchmark. Historically, Jason Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Jason Co has consistently been below 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,285 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. Jason Co's current Piotroski F-Score of 4 is 20% below 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 Jason Co and its competitors. For the Vehicles & Parts 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. Jason Co's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jason Co stock overvalued right now?
Based on GuruFocus' analysis, Jason Co (ROCO:4570) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$56.47, compared to a current price of NT$70.90 — trading 25.6% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Vehicles & Parts industry median of 5.00. Jason Co's overall GF Score™ is 90/100 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 Jason Co (ROCO:4570), the current Piotroski F-Score is 4 as of Jul. 15, 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 Jason Co (ROCO:4570) Overvalued in 2026?

Based on GuruFocus' analysis, Jason Co stock appears to be overvalued. The current stock price of NT$70.90 is trading 25.6% above its estimated GF Value™ of NT$56.47. GuruFocus considers Jason Co to be Modestly Overvalued.

Key valuation signals for ROCO:4570:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: NT$56.47 vs. price of NT$70.90 (25.6% above fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 20% below the Vehicles & Parts median (#906 of 1285)

No single metric tells the full story. See the ROCO:4570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jason Co Business Description

Address No. 3-35 Zhonghe Road, Zhonghe Village, Ligang Township, Pingtung County, Zhonghe, TWN, 905
Jason Co Ltd is a Taiwan-based automobile parts company. It is engaged in the manufacturing of steering and suspension products.
90GF Score

Get the complete analysis for ROCO:4570

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

NT$70.90
Price
NT$56.47
GF Value