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Vate TechnologyROCO:5344 +0.37%71 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates ROCO:5344 with a GF Score™ of 71/100 and a GF Value™ of NT$18.25 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 997 Semiconductors companies, Vate Technology ranks better than 57.47% 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
Vate Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Vate Technology's Piotroski F-Score or its related term are showing as below:
ROCO:5344'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Vate Technology was 9. The lowest was 2. 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.
Vate Technology Piotroski F-Score Related Terms
Vate Technology Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Vate 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:5344 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, Vate 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.
Vate Technology Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Vate Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vate 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.
*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.
Vate Technology's current Net Income (TTM) was -3.3.
==> 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.
Vate Technology's return on assets of this year was -0.00545834. Vate Technology's return on assets of last year was -0.00959956.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vate Technology's gearing of this year was 0.06760752. Vate Technology's gearing of last year was 0.04989343.
==> 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
Vate Technology's current ratio of this year was 3.48623797. Vate Technology's current ratio of last year was 3.92710535.
==> 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.
Vate Technology's number of shares in issue this year was 71.8. Vate Technology's number of shares in issue last year was 81.361.
==> 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.
Vate Technology's gross margin of this year was 0.09382051. Vate Technology's gross margin of last year was 0.13251152.
==> 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
Vate Technology's asset turnover of this year was 0.59553231. Vate Technology's asset turnover of last year was 0.54078065.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vate Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Vate Technology (ROCO:5344) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vate Technology and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Vate Technology's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Vate Technology ranks #424 out of 997 companies in the Semiconductors industry, placing it in the top 42.5%.
Is Vate Technology's Piotroski F-Score too high?
Vate Technology's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. Vate Technology's value of 5 is 0% at this industry median. Based on the distribution chart, Vate Technology ranks #424 out of 997 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Vate Technology has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vate Technology's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Vate Technology ranks #424 out of 997 companies for Piotroski F-Score. This puts Vate Technology in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Vate Technology's value of 5 is 0% at this benchmark. Historically, Vate Technology's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Vate Technology has consistently been at 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 997 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. Vate Technology's current Piotroski F-Score of 5 is 0% at 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 Vate 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. Vate Technology's current Piotroski F-Score is 5, which is 17% 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 Vate Technology stock overvalued right now?
Based on GuruFocus' analysis, Vate Technology (ROCO:5344) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.25, compared to a current price of NT$13.55 — trading 25.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Semiconductors industry median of 5.00. Vate Technology's overall GF Score™ is 71/100 with 1 warning sign 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 Vate Technology (ROCO:5344), the current Piotroski F-Score is 5 as of Aug. 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 Vate Technology (ROCO:5344) Overvalued in 2026?
Based on GuruFocus' analysis, Vate Technology stock appears to be undervalued.
The current stock price of NT$13.55 is trading 25.8% below its estimated GF Value™ of NT$18.25.
GuruFocus considers Vate Technology to be Modestly Undervalued.
Key valuation signals for ROCO:5344:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: NT$18.25 vs. price of NT$13.55 (25.8% below fair value)
Industry Position: 0% at the Semiconductors median (#424 of 997)
No single metric tells the full story. See the ROCO:5344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vate Technology Corp Ltd is engaged in providing integrated circuit chip testing services and the trading of lighting equipment and fixtures. The company's services include CP testing service, FT Testing Service, SLT Testing Service, CIS Testing Service, and Back End Service. It operates in single segment of testing and processing of electronic components and the sales of lighting fixtures, using testing equipment to provide IC and wafer testing services and LED lighting fixture sales and installation services. Geographically it operates in Taiwan.
71GF Score
Get the complete analysis for ROCO:5344
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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