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OFCO IndustrialROCO:5011 -2.26%52 Piotroski F-Score is 6 as of Aug. 19, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates ROCO:5011 with a GF Score™ of 52/100 and a GF Value™ of NT$21.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,958 Industrial Products companies, OFCO Industrial ranks better than 75.66% 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
OFCO Industrial 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 OFCO Industrial's Piotroski F-Score or its related term are showing as below:
ROCO:5011'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of OFCO Industrial 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.
OFCO Industrial Piotroski F-Score Related Terms
OFCO Industrial Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for OFCO Industrial'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:5011 vs SNA, RBC, SWK: Piotroski F-Score Comparison
For the Tools & Accessories subindustry, OFCO Industrial'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.
OFCO Industrial Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, OFCO Industrial's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where OFCO Industrial'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 -47.827 + -36.911 + 52.535 + -5.758 = NT$-38 Mil. Cash Flow from Operations was 122.239 + -43.748 + 105.443 + 75.256 = NT$259 Mil. Revenue was 1318.468 + 1013.548 + 1168.014 + 1008.913 = NT$4,509 Mil. Gross Profit was -21.159 + -64.295 + 73.533 + 63.765 = NT$52 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(5744.356 + 5794.429 + 5374.587 + 5666.623 + 5571.682) / 5 = NT$5630.3354 Mil. Total Assets at the begining of this year (Jun25) was NT$5,744 Mil. Long-Term Debt & Capital Lease Obligation was NT$691 Mil. Total Current Assets was NT$1,976 Mil. Total Current Liabilities was NT$2,186 Mil.
Net Income was -24.168 + -82.319 + -27.653 + -49.591 = NT$-184 Mil.
Revenue was 1128.229 + 1078.017 + 1405.156 + 1324.862 = NT$4,936 Mil. Gross Profit was -9.701 + -100.393 + -47.632 + -32.145 = NT$-190 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(5898.339 + 5614.214 + 5677.027 + 5808.045 + 5744.356) / 5 = NT$5748.3962 Mil. Total Assets at the begining of last year (Jun24) was NT$5,898 Mil. Long-Term Debt & Capital Lease Obligation was NT$1,131 Mil. Total Current Assets was NT$2,171 Mil. Total Current Liabilities was NT$2,166 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.
OFCO Industrial's current Net Income (TTM) was -38.
==> 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.
OFCO Industrial's return on assets of this year was -0.0066084. OFCO Industrial's return on assets of last year was -0.03114962.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
OFCO Industrial's gearing of this year was 0.12269393. OFCO Industrial's gearing of last year was 0.19667138.
==> 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
OFCO Industrial's current ratio of this year was 0.90404951. OFCO Industrial's current ratio of last year was 1.00200434.
==> 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.
OFCO Industrial's number of shares in issue this year was 95.967. OFCO Industrial's number of shares in issue last year was 101.206.
==> 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.
OFCO Industrial's gross margin of this year was 0.01149804. OFCO Industrial's gross margin of last year was -0.03846451.
==> 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
OFCO Industrial's asset turnover of this year was 0.78493446. OFCO Industrial's asset turnover of last year was 0.83689052.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
OFCO Industrial has an F-score of 6 indicating the company's financial situation is typical for a stable company.
OFCO Industrial (ROCO:5011) has a Piotroski F-Score of 6 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OFCO Industrial and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, OFCO Industrial's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, OFCO Industrial ranks #720 out of 2958 companies in the Industrial Products industry, placing it in the top 24.3%.
Is OFCO Industrial's Piotroski F-Score too high?
OFCO Industrial's current Piotroski F-Score of 6 is 50% 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. OFCO Industrial's value of 6 is 20% above this industry median. Based on the distribution chart, OFCO Industrial ranks #720 out of 2958 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, OFCO Industrial has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OFCO Industrial's Piotroski F-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, OFCO Industrial ranks #720 out of 2958 companies for Piotroski F-Score. This places OFCO Industrial in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. OFCO Industrial's value of 6 is 20% above this benchmark. Historically, OFCO Industrial's 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, OFCO Industrial 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 2,958 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. OFCO Industrial'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 OFCO Industrial 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. OFCO Industrial's current Piotroski F-Score is 6, which is 50% 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 OFCO Industrial stock overvalued right now?
Based on GuruFocus' analysis, OFCO Industrial (ROCO:5011) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$21.08, compared to a current price of NT$17.30 — trading 17.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Industrial Products industry median of 5.00. OFCO Industrial's overall GF Score™ is 52/100 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 OFCO Industrial (ROCO:5011), the current Piotroski F-Score is 6 as of Aug. 19, 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 OFCO Industrial (ROCO:5011) Overvalued in 2026?
Based on GuruFocus' analysis, OFCO Industrial stock appears to be undervalued.
The current stock price of NT$17.30 is trading 17.9% below its estimated GF Value™ of NT$21.08.
GuruFocus considers OFCO Industrial to be Modestly Undervalued.
Key valuation signals for ROCO:5011:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: NT$21.08 vs. price of NT$17.30 (17.9% below fair value)
Industry Position: 20% above the Industrial Products median (#720 of 2958)
No single metric tells the full story. See the ROCO:5011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OFCO Industrial Corp is engaged in the manufacture of fastener screws and related products, metal heat treatment OEM and trading. Its segments include Screws department, Transportation department, and Environmental Business department. Geographically, its operations are spread across Taiwan, Germany, USA, and Other Countries with majority of the revenue generating from Taiwan.
52GF Score
Get the complete analysis for ROCO:5011
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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