3S Silicon Tech (ROCO:5297) Piotroski F-Score: 3 (As of Jul. 26, 2026) — 50% Below Median

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ROCO:5297 3S Silicon Tech Inc ROCO:5297
68 GF Score
Price NT$69.50
GF Value NT$26.90
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is 3S Silicon Tech Piotroski F-Score?

3S Silicon Tech ROCO:5297 -0.71% 68 Piotroski F-Score is 3 as of Jul. 26, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates ROCO:5297 with a GF Score™ of 68/100 and a GF Value™ of NT$26.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 989 Semiconductors companies, 3S Silicon Tech ranks worse than 78.56% 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

3S Silicon Tech 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 3S Silicon Tech's Piotroski F-Score or its related term are showing as below:

ROCO:5297' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of 3S Silicon Tech was 7. The lowest was 3. And the median was 6.

3S Silicon Tech  (ROCO:5297) 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.


3S Silicon Tech Piotroski F-Score Related Terms


3S Silicon Tech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for 3S Silicon Tech'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.

3S Silicon Tech Piotroski F-Score Chart

3S Silicon Tech Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 6.00 6.00 3.00

3S Silicon Tech Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 6.00 0.00 3.00

ROCO:5297 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, 3S Silicon Tech'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.


3S Silicon Tech Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, 3S Silicon Tech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where 3S Silicon Tech's Piotroski F-Score falls into.


ROCO:5297
68GF Score
3S Silicon Tech Inc ROCO:5297
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$15.4 Mil.
Cash Flow from Operations was NT$-14.8 Mil.
Revenue was NT$336.7 Mil.
Gross Profit was NT$155.8 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (664.072 + 664.122) / 2 = NT$664.097 Mil.
Total Assets at the begining of this year (Dec24) was NT$664.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$7.4 Mil.
Total Current Assets was NT$566.1 Mil.
Total Current Liabilities was NT$197.5 Mil.
Net Income was NT$42.7 Mil.

Revenue was NT$325.3 Mil.
Gross Profit was NT$171.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (627.869 + 664.072) / 2 = NT$645.9705 Mil.
Total Assets at the begining of last year (Dec23) was NT$627.9 Mil.
Long-Term Debt & Capital Lease Obligation was NT$8.4 Mil.
Total Current Assets was NT$586.3 Mil.
Total Current Liabilities was NT$178.3 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.

3S Silicon Tech's current Net Income (TTM) was 15.4. ==> 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.

Score 1 if positive, 0 if negative.

3S Silicon Tech's current Cash Flow from Operations (TTM) was -14.8. ==> Negative ==> Score 0.

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)
=15.355/664.072
=0.02312249

ROA (Last Year)=Net Income/Total Assets (Dec23)
=42.714/627.869
=0.06803011

3S Silicon Tech's return on assets of this year was 0.02312249. 3S Silicon Tech's return on assets of last year was 0.06803011. ==> 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.

3S Silicon Tech's current Net Income (TTM) was 15.4. 3S Silicon Tech's current Cash Flow from Operations (TTM) was -14.8. ==> -14.8 <= 15.4 ==> CFROA <= ROA ==> Score 0.

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
=7.435/664.097
=0.01119565

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=8.424/645.9705
=0.01304084

3S Silicon Tech's gearing of this year was 0.01119565. 3S Silicon Tech's gearing of last year was 0.01304084. ==> 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
=566.097/197.479
=2.86661873

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=586.274/178.309
=3.2879664

3S Silicon Tech's current ratio of this year was 2.86661873. 3S Silicon Tech's current ratio of last year was 3.2879664. ==> 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.

3S Silicon Tech's number of shares in issue this year was 37.272. 3S Silicon Tech's number of shares in issue last year was 37.385. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=155.779/336.7
=0.46266409

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=171.122/325.296
=0.52605012

3S Silicon Tech's gross margin of this year was 0.46266409. 3S Silicon Tech's gross margin of last year was 0.52605012. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=336.7/664.072
=0.50702333

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=325.296/627.869
=0.51809534

3S Silicon Tech's asset turnover of this year was 0.50702333. 3S Silicon Tech's asset turnover of last year was 0.51809534. ==> 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
=1+0+0+0+1+0+1+0+0
=3

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

3S Silicon Tech 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?
3S Silicon Tech (ROCO:5297) has a Piotroski F-Score of 3 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on 3S Silicon Tech and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, 3S Silicon Tech's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, 3S Silicon Tech ranks #777 out of 989 companies in the Semiconductors industry, placing it in the top 78.6%.
Is 3S Silicon Tech's Piotroski F-Score too high?
3S Silicon Tech's current Piotroski F-Score of 3 is 50% below 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 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. 3S Silicon Tech's value of 3 is 40% below this industry median. Based on the distribution chart, 3S Silicon Tech ranks #777 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, 3S Silicon Tech has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3S Silicon Tech's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, 3S Silicon Tech ranks #777 out of 989 companies for Piotroski F-Score. This places 3S Silicon Tech in the lower half of its industry. The industry median Piotroski F-Score is 5.00. 3S Silicon Tech's value of 3 is 40% below this benchmark. Historically, 3S Silicon Tech's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 3S Silicon Tech 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 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. 3S Silicon Tech'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 3S Silicon Tech 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. 3S Silicon Tech's current Piotroski F-Score is 3, which is 50% below 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 3S Silicon Tech stock overvalued right now?
Based on GuruFocus' analysis, 3S Silicon Tech (ROCO:5297) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.90, compared to a current price of NT$69.50 — trading 158.4% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Semiconductors industry median of 5.00. 3S Silicon Tech's overall GF Score™ is 68/100 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 3S Silicon Tech (ROCO:5297), the current Piotroski F-Score is 3 as of Jul. 26, 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 3S Silicon Tech (ROCO:5297) Overvalued in 2026?

Based on GuruFocus' analysis, 3S Silicon Tech stock appears to be overvalued. The current stock price of NT$69.50 is trading 158.4% above its estimated GF Value™ of NT$26.90. GuruFocus considers 3S Silicon Tech to be Significantly Overvalued.

Key valuation signals for ROCO:5297:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: NT$26.90 vs. price of NT$69.50 (158.4% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 40% below the Semiconductors median (#777 of 989)

No single metric tells the full story. See the ROCO:5297 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


3S Silicon Tech Business Description

Address No. 169-2, Section 1, Kangle Road, 3rd Floor, Xinfeng Township, Hsinchu, TWN, 304
3S Silicon Tech Inc. is a Taiwan-based company that offers die bonding for discrete power devices. Its products include clip-die bonders for power devices, snap ovens, customized equipment, and an open lab platform. 3S also provides intelligent automatic assembly machine systems, focusing on the packaging technology of discrete power semiconductors, supported by solutions and services. The company's systems include die-attach machines, stencil printers, copper strip die bonders, vacuum reflow ovens, and formic acid vacuum reflow ovens.
68GF Score

Get the complete analysis for ROCO:5297

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

NT$69.50
Price
NT$26.90
GF Value