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Aspeed TechnologyROCO:5274 +0.04%82 Piotroski F-Score is 6 as of Jul. 17, 2026, which is at its 10-year median of 6.00. GuruFocus rates ROCO:5274 with a GF Score™ of 82/100 and a GF Value™ of NT$8,252.78 (Significantly Overvalued). Among 989 Semiconductors companies, Aspeed Technology 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
Aspeed Technology 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 Aspeed Technology's Piotroski F-Score or its related term are showing as below:
ROCO:5274'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Aspeed Technology was 8. The lowest was 5. 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.
Aspeed Technology Piotroski F-Score Related Terms
Aspeed Technology Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Aspeed Technology'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:5274 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, Aspeed Technology'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.
Aspeed Technology Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aspeed Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Aspeed Technology'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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was 886.77 + 629.097 + 1214.205 + 1197.735 = NT$3,928 Mil. Cash Flow from Operations was 1352.271 + 739.955 + 1079.728 + 1323.946 = NT$4,496 Mil. Revenue was 2065.118 + 2246.547 + 2330.084 + 2443.126 = NT$9,085 Mil. Gross Profit was 1367.763 + 1524.869 + 1613.721 + 1672.352 = NT$6,179 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(7726.346 + 8578.927 + 9023.229 + 9353.151 + 10333.655) / 5 = NT$9003.0616 Mil. Total Assets at the begining of this year (Dec24) was NT$7,726 Mil. Long-Term Debt & Capital Lease Obligation was NT$280 Mil. Total Current Assets was NT$8,408 Mil. Total Current Liabilities was NT$2,444 Mil.
Net Income was 391.35 + 507.796 + 729.32 + 942.842 = NT$2,571 Mil.
Revenue was 1013.473 + 1356.045 + 1986.435 + 2103.713 = NT$6,460 Mil. Gross Profit was 640.916 + 859.222 + 1276.807 + 1376.853 = NT$4,154 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(4544.469 + 4989.016 + 5810.462 + 6964.647 + 7726.346) / 5 = NT$6006.988 Mil. Total Assets at the begining of last year (Dec23) was NT$4,544 Mil. Long-Term Debt & Capital Lease Obligation was NT$172 Mil. Total Current Assets was NT$5,987 Mil. Total Current Liabilities was NT$1,883 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.
Aspeed Technology's current Net Income (TTM) was 3,928.
==> 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.
Aspeed Technology's return on assets of this year was 0.5083654. Aspeed Technology's return on assets of last year was 0.56581044.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Aspeed Technology's gearing of this year was 0.03110353. Aspeed Technology's gearing of last year was 0.02871606.
==> 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
Aspeed Technology's current ratio of this year was 3.44093525. Aspeed Technology's current ratio of last year was 3.17980633.
==> 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.
Aspeed Technology's number of shares in issue this year was 41.583. Aspeed Technology's number of shares in issue last year was 41.846.
==> 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.
Aspeed Technology's gross margin of this year was 0.68010897. Aspeed Technology's gross margin of last year was 0.64303603.
==> 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
Aspeed Technology's asset turnover of this year was 1.17583072. Aspeed Technology's asset turnover of last year was 1.42143472.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Aspeed Technology has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Aspeed Technology (ROCO:5274) has a Piotroski F-Score of 6 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aspeed Technology and its competitors. This is near median its historical median of 6.00. Over the past decade, Aspeed Technology's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Aspeed Technology ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Aspeed Technology's Piotroski F-Score too high?
Aspeed Technology's 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 5.00 to a high of 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Aspeed Technology's value of 6 is 20% above this industry median. Based on the distribution chart, Aspeed Technology ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Aspeed Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Aspeed Technology ranks #196 out of 989 companies for Piotroski F-Score. This places Aspeed Technology in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aspeed Technology's value of 6 is 20% above this benchmark. Historically, Aspeed Technology's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Aspeed Technology 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. Aspeed Technology'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 Aspeed Technology 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. Aspeed Technology'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 Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8,252.78, compared to a current price of NT$13,905.00 — trading 68.5% above 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. Aspeed Technology's overall GF Score™ is 82/100. 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 Aspeed Technology (ROCO:5274), the current Piotroski F-Score is 6 as of Jul. 17, 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?
Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued.
The current stock price of NT$13,905.00 is trading 68.5% above its estimated GF Value™ of NT$8,252.78.
GuruFocus considers Aspeed Technology to be Significantly Overvalued.
Key valuation signals for ROCO:5274:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: NT$8,252.78 vs. price of NT$13,905.00 (68.5% above fair value)
Industry Position: 20% above the Semiconductors median (#196 of 989)
No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
82GF Score
Get the complete analysis for ROCO:5274
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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