ProbeLeader Co (ROCO:5246) Piotroski F-Score: 6 (As of Jun. 30, 2026) — 20% Above Median


ROCO:5246 ProbeLeader Co Ltd ROCO:5246
46 GF Score
Price NT$152.00
GF Value NT$17.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ProbeLeader Co Piotroski F-Score?

ProbeLeader Co ROCO:5246 -5.88% 46 Piotroski F-Score is 6 as of Jun. 30, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ROCO:5246 with a GF Score™ of 46/100 and a GF Value™ of NT$17.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 989 Semiconductors companies, ProbeLeader Co ranks better than 80.18% 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

ProbeLeader Co 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 ProbeLeader Co's Piotroski F-Score or its related term are showing as below:

ROCO:5246' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 8 years, the highest Piotroski F-Score of ProbeLeader Co was 7. The lowest was 2. And the median was 5.

ProbeLeader Co  (ROCO:5246) 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.


ProbeLeader Co Piotroski F-Score Related Terms


ProbeLeader Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ProbeLeader 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.

ProbeLeader Co Piotroski F-Score Chart

ProbeLeader Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 4.00 2.00 3.00 6.00

ProbeLeader Co Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 0.00 3.00 0.00 6.00

ROCO:5246 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, ProbeLeader 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.


ProbeLeader Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ProbeLeader Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:5246
46GF Score
ProbeLeader Co Ltd ROCO:5246
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$-68 Mil.
Cash Flow from Operations was NT$24 Mil.
Revenue was NT$1,027 Mil.
Gross Profit was NT$201 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1164.721 + 1134.826) / 2 = NT$1149.7735 Mil.
Total Assets at the begining of this year (Dec24) was NT$1,165 Mil.
Long-Term Debt & Capital Lease Obligation was NT$83 Mil.
Total Current Assets was NT$882 Mil.
Total Current Liabilities was NT$677 Mil.
Net Income was NT$-100 Mil.

Revenue was NT$964 Mil.
Gross Profit was NT$177 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1154.364 + 1164.721) / 2 = NT$1159.5425 Mil.
Total Assets at the begining of last year (Dec23) was NT$1,154 Mil.
Long-Term Debt & Capital Lease Obligation was NT$106 Mil.
Total Current Assets was NT$976 Mil.
Total Current Liabilities was NT$685 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.

ProbeLeader Co's current Net Income (TTM) was -68. ==> 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.

ProbeLeader Co's current Cash Flow from Operations (TTM) was 24. ==> 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)
=-67.717/1164.721
=-0.0581401

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-99.527/1154.364
=-0.08621804

ProbeLeader Co's return on assets of this year was -0.0581401. ProbeLeader Co's return on assets of last year was -0.08621804. ==> This year is higher. ==> Score 1.

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.

ProbeLeader Co's current Net Income (TTM) was -68. ProbeLeader Co's current Cash Flow from Operations (TTM) was 24. ==> 24 > -68 ==> 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
=82.782/1149.7735
=0.07199853

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=105.767/1159.5425
=0.09121442

ProbeLeader Co's gearing of this year was 0.07199853. ProbeLeader Co's gearing of last year was 0.09121442. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=882.323/677.477
=1.30236598

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=976.157/684.792
=1.42547956

ProbeLeader Co's current ratio of this year was 1.30236598. ProbeLeader Co's current ratio of last year was 1.42547956. ==> 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.

ProbeLeader Co's number of shares in issue this year was 38.674. ProbeLeader Co's number of shares in issue last year was 34.894. ==> 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
=200.831/1026.526
=0.19564142

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=177.206/964.342
=0.18375846

ProbeLeader Co's gross margin of this year was 0.19564142. ProbeLeader Co's gross margin of last year was 0.18375846. ==> 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)
=1026.526/1164.721
=0.88134927

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=964.342/1154.364
=0.83538814

ProbeLeader Co's asset turnover of this year was 0.88134927. ProbeLeader Co's asset turnover of last year was 0.83538814. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

ProbeLeader Co has an F-score of 6 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 6 mean?
ProbeLeader Co (ROCO:5246) has a Piotroski F-Score of 6 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ProbeLeader Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, ProbeLeader Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, ProbeLeader Co ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is ProbeLeader Co's Piotroski F-Score too high?
ProbeLeader Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. ProbeLeader Co's value of 6 is 20% above this industry median. Based on the distribution chart, ProbeLeader Co ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, ProbeLeader Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ProbeLeader Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ProbeLeader Co ranks #196 out of 989 companies for Piotroski F-Score. This places ProbeLeader Co in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ProbeLeader Co's value of 6 is 20% above this benchmark. Historically, ProbeLeader Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, ProbeLeader Co 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 989 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. ProbeLeader Co'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 ProbeLeader Co 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. ProbeLeader Co's current Piotroski F-Score is 6, which is 20% above 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 ProbeLeader Co stock overvalued right now?
Based on GuruFocus' analysis, ProbeLeader Co (ROCO:5246) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.94, compared to a current price of NT$152.00 — trading 747.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Semiconductors industry median of 5.00. ProbeLeader Co's overall GF Score™ is 46/100 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 ProbeLeader Co (ROCO:5246), the current Piotroski F-Score is 6 as of Jun. 30, 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 ProbeLeader Co (ROCO:5246) Overvalued in 2026?

Based on GuruFocus' analysis, ProbeLeader Co stock appears to be overvalued. The current stock price of NT$152.00 is trading 747.3% above its estimated GF Value™ of NT$17.94. GuruFocus considers ProbeLeader Co to be Significantly Overvalued.

Key valuation signals for ROCO:5246:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: NT$17.94 vs. price of NT$152.00 (747.3% above fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 20% above the Semiconductors median (#196 of 989)

No single metric tells the full story. See the ROCO:5246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ProbeLeader Co Business Description

Address No.16, Jinshui Street, Xiangshan District, Hsinchu, TWN, 30090
ProbeLeader Co Ltd is engaged in designing and manufacturing of testing solutions for semiconductor and LCD panel industries. Its products include probe cards, Load-Boards, IC sockets for logic & DRAM ICs. Other than providing testing solutions for semiconductor and LCD panel industries, the company has also extended its business to testing solutions for optoelectronics and passive components. It does not only design, manufactures customized testing tools but also deal with sales, relocation, refurbishment and after-services of used-equipments.
46GF Score

Get the complete analysis for ROCO:5246

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

NT$152.00
Price
NT$17.94
GF Value