LNC Technology Co (ROCO:4587) Piotroski F-Score: 3 (As of Jul. 12, 2026) — Near Median


ROCO:4587 LNC Technology Co Ltd ROCO:4587
44 GF Score
Price NT$49.65
GF Value NT$31.28
Valuation Significantly Overvalued
! 7 Warning Signs
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What is LNC Technology Co Piotroski F-Score?

LNC Technology Co ROCO:4587 44 Piotroski F-Score is 3 as of Jul. 12, 2026, which is at its 10-year median of 3.00. GuruFocus rates ROCO:4587 with a GF Score™ of 44/100 and a GF Value™ of NT$31.28 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,972 Industrial Products companies, LNC Technology Co ranks worse than 82.47% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

LNC Technology Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ROCO:4587' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 5
Current: 3

During the past 7 years, the highest Piotroski F-Score of LNC Technology Co was 5. The lowest was 3. And the median was 3.

LNC Technology Co  (ROCO:4587) 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.


LNC Technology Co Piotroski F-Score Related Terms


LNC Technology Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LNC Technology 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.

LNC Technology Co Piotroski F-Score Chart

LNC Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 3.00 5.00 3.00 3.00

LNC Technology Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 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 5.00 0.00 3.00 0.00 3.00

ROCO:4587 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, LNC Technology 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.


LNC Technology Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, LNC Technology Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:4587
44GF Score
LNC Technology Co Ltd ROCO:4587
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$-65.6 Mil.
Cash Flow from Operations was NT$25.0 Mil.
Revenue was NT$907.9 Mil.
Gross Profit was NT$286.5 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (895.416 + 917.437) / 2 = NT$906.4265 Mil.
Total Assets at the begining of this year (Dec24) was NT$895.4 Mil.
Long-Term Debt & Capital Lease Obligation was NT$212.4 Mil.
Total Current Assets was NT$645.0 Mil.
Total Current Liabilities was NT$503.7 Mil.
Net Income was NT$-44.3 Mil.

Revenue was NT$906.3 Mil.
Gross Profit was NT$278.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (810.102 + 895.416) / 2 = NT$852.759 Mil.
Total Assets at the begining of last year (Dec23) was NT$810.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$174.6 Mil.
Total Current Assets was NT$644.5 Mil.
Total Current Liabilities was NT$400.8 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.

LNC Technology Co's current Net Income (TTM) was -65.6. ==> 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.

LNC Technology Co's current Cash Flow from Operations (TTM) was 25.0. ==> 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)
=-65.613/895.416
=-0.07327656

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-44.333/810.102
=-0.05472521

LNC Technology Co's return on assets of this year was -0.07327656. LNC Technology Co's return on assets of last year was -0.05472521. ==> 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.

LNC Technology Co's current Net Income (TTM) was -65.6. LNC Technology Co's current Cash Flow from Operations (TTM) was 25.0. ==> 25.0 > -65.6 ==> 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
=212.362/906.4265
=0.23428485

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=174.567/852.759
=0.20470848

LNC Technology Co's gearing of this year was 0.23428485. LNC Technology Co's gearing of last year was 0.20470848. ==> 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
=645.046/503.735
=1.28052647

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=644.508/400.842
=1.6078854

LNC Technology Co's current ratio of this year was 1.28052647. LNC Technology Co's current ratio of last year was 1.6078854. ==> 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.

LNC Technology Co's number of shares in issue this year was 33. LNC Technology Co's number of shares in issue last year was 30.475. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=286.466/907.933
=0.31551447

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=278.205/906.329
=0.30695807

LNC Technology Co's gross margin of this year was 0.31551447. LNC Technology Co's gross margin of last year was 0.30695807. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=907.933/895.416
=1.01397898

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=906.329/810.102
=1.11878381

LNC Technology Co's asset turnover of this year was 1.01397898. LNC Technology Co's asset turnover of last year was 1.11878381. ==> 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
=0+1+0+1+0+0+0+1+0
=3

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

LNC Technology Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
LNC Technology Co (ROCO:4587) has a Piotroski F-Score of 3 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LNC Technology Co and its competitors. This is near median its historical median of 3.00. Over the past decade, LNC Technology Co's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, LNC Technology Co ranks #2451 out of 2972 companies in the Industrial Products industry, placing it in the top 82.5%.
Is LNC Technology Co's Piotroski F-Score too high?
LNC Technology Co's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. LNC Technology Co's value of 3 is 40% below this industry median. Based on the distribution chart, LNC Technology Co ranks #2451 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, LNC Technology Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LNC Technology Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, LNC Technology Co ranks #2451 out of 2972 companies for Piotroski F-Score. This places LNC Technology Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. LNC Technology Co's value of 3 is 40% below this benchmark. Historically, LNC Technology Co's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, LNC Technology 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. LNC Technology Co's current Piotroski F-Score of 3 is 40% 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 LNC Technology Co 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. LNC Technology Co's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LNC Technology Co stock overvalued right now?
Based on GuruFocus' analysis, LNC Technology Co (ROCO:4587) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$31.28, compared to a current price of NT$49.65 — trading 58.7% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Industrial Products industry median of 5.00. LNC Technology Co's overall GF Score™ is 44/100 with 7 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 LNC Technology Co (ROCO:4587), the current Piotroski F-Score is 3 as of Jul. 12, 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 LNC Technology Co (ROCO:4587) Overvalued in 2026?

Based on GuruFocus' analysis, LNC Technology Co stock appears to be overvalued. The current stock price of NT$49.65 is trading 58.7% above its estimated GF Value™ of NT$31.28. GuruFocus considers LNC Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:4587:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: NT$31.28 vs. price of NT$49.65 (58.7% above fair value)
  • GF Score™: 44/100 with 7 warning signs
  • Industry Position: 40% below the Industrial Products median (#2451 of 2972)

No single metric tells the full story. See the ROCO:4587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LNC Technology Co Business Description

Address No.633, Sec. 2, Taiwan Boulevard, 6th Floor, Xitun District, Taichung City, TWN, 40764
LNC Technology Co Ltd engages in developing and manufacturing a variety of equipment control systems and provides clients with professional solutions. Its products apply to all kinds of processing procedures in modern factories, such as molds processing, cutting, stamping, grinding, and injection to robot operation. The company's products comprise gantry robot controllers, joint robot controllers, machine controllers, smart production lines, and others.
44GF Score

Get the complete analysis for ROCO:4587

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

NT$49.65
Price
NT$31.28
GF Value