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Parade TechnologiesROCO:4966 -0.17%84 Piotroski F-Score is 6 as of Sep. 02, 2026, which is at its 10-year median of 6.00. GuruFocus rates ROCO:4966 with a GF Score™ of 84/100 and a GF Value™ of NT$789.46 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,007 Semiconductors companies, Parade Technologies ranks better than 76.76% 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
Parade Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Parade Technologies's Piotroski F-Score or its related term are showing as below:
ROCO:4966'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Parade Technologies was 8. The lowest was 3. And the median was 6.
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.
Parade Technologies Piotroski F-Score Related Terms
Parade Technologies Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Parade Technologies'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:4966 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, Parade Technologies'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.
Parade Technologies Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Parade Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Parade Technologies'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 815.92 + 544.376 + 529.16 + 593.369 = NT$2,483 Mil. Cash Flow from Operations was 1035.245 + 871.874 + 538.702 + 245.745 = NT$2,692 Mil. Revenue was 4377.025 + 3887.99 + 3989.734 + 4249.422 = NT$16,504 Mil. Gross Profit was 1860.254 + 1634.038 + 1607.773 + 1708.307 = NT$6,810 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(23160.096 + 24426.209 + 25956.086 + 25891.716 + 25939.462) / 5 = NT$25074.7138 Mil. Total Assets at the begining of this year (Jun25) was NT$23,160 Mil. Long-Term Debt & Capital Lease Obligation was NT$228 Mil. Total Current Assets was NT$17,024 Mil. Total Current Liabilities was NT$3,561 Mil.
Net Income was 761.701 + 688.967 + 664.101 + 702.316 = NT$2,817 Mil.
Revenue was 4400.736 + 4120.533 + 4151.599 + 4114.434 = NT$16,787 Mil. Gross Profit was 1871.677 + 1738.638 + 1766.917 + 1773.527 = NT$7,151 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(25888.932 + 24715.881 + 26204.611 + 25191.831 + 23160.096) / 5 = NT$25032.2702 Mil. Total Assets at the begining of last year (Jun24) was NT$25,889 Mil. Long-Term Debt & Capital Lease Obligation was NT$137 Mil. Total Current Assets was NT$14,692 Mil. Total Current Liabilities was NT$3,286 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.
Parade Technologies's current Net Income (TTM) was 2,483.
==> 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.
Parade Technologies's return on assets of this year was 0.10720271. Parade Technologies's return on assets of last year was 0.10881426.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Parade Technologies's gearing of this year was 0.00909984. Parade Technologies's gearing of last year was 0.00549075.
==> 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
Parade Technologies's current ratio of this year was 4.78031017. Parade Technologies's current ratio of last year was 4.47159412.
==> 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.
Parade Technologies's number of shares in issue this year was 77.666. Parade Technologies's number of shares in issue last year was 78.735.
==> 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.
Parade Technologies's gross margin of this year was 0.41264551. Parade Technologies's gross margin of last year was 0.42596237.
==> 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
Parade Technologies's asset turnover of this year was 0.71261237. Parade Technologies's asset turnover of last year was 0.64843548.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Parade Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Parade Technologies (ROCO:4966) has a Piotroski F-Score of 6 as of Sep. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Parade Technologies and its competitors. This is near median its historical median of 6.00. Over the past decade, Parade Technologies' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Parade Technologies ranks #234 out of 1007 companies in the Semiconductors industry, placing it in the top 23.2%.
Is Parade Technologies' Piotroski F-Score too high?
Parade Technologies' current Piotroski F-Score of 6 is near 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 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Parade Technologies' value of 6 is 20% above this industry median. Based on the distribution chart, Parade Technologies ranks #234 out of 1007 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Parade Technologies has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Parade Technologies' Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Parade Technologies ranks #234 out of 1007 companies for Piotroski F-Score. This places Parade Technologies in the top 23% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Parade Technologies' value of 6 is 20% above this benchmark. Historically, Parade Technologies' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Parade Technologies 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 1,007 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. Parade Technologies's current Piotroski F-Score of 6 is 20% 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 Parade Technologies and its competitors. For the Semiconductors 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. Parade Technologies's current Piotroski F-Score is 6, which is near 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 Parade Technologies stock overvalued right now?
Based on GuruFocus' analysis, Parade Technologies (ROCO:4966) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$789.46, compared to a current price of NT$579.00 — trading 26.7% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Semiconductors industry median of 5.00. Parade Technologies' overall GF Score™ is 84/100 with 3 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 Parade Technologies (ROCO:4966), the current Piotroski F-Score is 6 as of Sep. 02, 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 Parade Technologies (ROCO:4966) Overvalued in 2026?
Based on GuruFocus' analysis, Parade Technologies stock appears to be undervalued.
The current stock price of NT$579.00 is trading 26.7% below its estimated GF Value™ of NT$789.46.
GuruFocus considers Parade Technologies to be Modestly Undervalued.
Key valuation signals for ROCO:4966:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: NT$789.46 vs. price of NT$579.00 (26.7% below fair value)
Industry Position: 20% above the Semiconductors median (#234 of 1007)
No single metric tells the full story. See the ROCO:4966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Parade Technologies Ltd supplies mixed-signal integrated circuits for a variety of display and high-speed interface standards used in computers, consumer electronics, and display panels. The company's host of products serves customers with needs for display, storage, and interface applications. As a fabless semiconductor company, Parade manufactures and designs its integrated circuits, but outsources the fabrication of silicon wafers for semiconductors. Geographically, the company generates revenue from Taiwan, China, South Korea, Japan, and Others. Its products include Serial products of DisplayPort, Source Driver, Serial products of TrueTouch, and High-speed interfacing chips, which derive maximum revenue.
84GF Score
Get the complete analysis for ROCO:4966
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