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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Soft-World International has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Soft-World International's Piotroski F-Score or its related term are showing as below:
ROCO:5478'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Soft-World International was 7. The lowest was 4. And the median was 6.
Soft-World International (ROCO:5478) 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.
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.
Soft-World International Piotroski F-Score Related Terms
Soft-World International Piotroski F-Score Historical Data
* 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:5478 vs NTES, EA, TTWO: Piotroski F-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Soft-World International'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.
Soft-World International Piotroski F-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Soft-World International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Soft-World International'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 220.54 + 401.316 + 253.855 + 312.488 = NT$1,188 Mil. Cash Flow from Operations was 389.848 + 664.63 + -101.34 + 1183.155 = NT$2,136 Mil. Revenue was 1612.046 + 1556.424 + 1600.501 + 1749.591 = NT$6,519 Mil. Gross Profit was 846.181 + 855.889 + 838.137 + 941.386 = NT$3,482 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(19473.735 + 19386.005 + 18394.481 + 18203.503 + 19683.666) / 5 = NT$19028.278 Mil. Total Assets at the begining of this year (Dec24) was NT$19,474 Mil. Long-Term Debt & Capital Lease Obligation was NT$26 Mil. Total Current Assets was NT$15,670 Mil. Total Current Liabilities was NT$9,199 Mil.
Net Income was 256.072 + 393.995 + 275.53 + 213.835 = NT$1,139 Mil.
Revenue was 1724.632 + 1652.47 + 1818.101 + 1579.139 = NT$6,774 Mil. Gross Profit was 940.02 + 925.158 + 927.318 + 805.794 = NT$3,598 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(16925.677 + 21417.511 + 20387.288 + 19797.246 + 19473.735) / 5 = NT$19600.2914 Mil. Total Assets at the begining of last year (Dec23) was NT$16,926 Mil. Long-Term Debt & Capital Lease Obligation was NT$21 Mil. Total Current Assets was NT$14,551 Mil. Total Current Liabilities was NT$8,186 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.
Soft-World International's current Net Income (TTM) was 1,188.
==> 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.
Soft-World International's current Cash Flow from Operations (TTM) was 2,136.
==> 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.
Soft-World International's return on assets of this year was 0.06101547. Soft-World International's return on assets of last year was 0.06731973.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Soft-World International's gearing of this year was 0.00139172. Soft-World International's gearing of last year was 0.00109029.
==> 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
Soft-World International's current ratio of this year was 1.70337515. Soft-World International's current ratio of last year was 1.77741745.
==> 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.
Soft-World International's number of shares in issue this year was 151.362. Soft-World International's number of shares in issue last year was 150.604.
==> 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.
Soft-World International's gross margin of this year was 0.53410445. Soft-World International's gross margin of last year was 0.5311645.
==> 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
Soft-World International's asset turnover of this year was 0.33473609. Soft-World International's asset turnover of last year was 0.40024053.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Soft-World International has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Soft-World International (ROCO:5478) has a Piotroski F-Score of 4 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Soft-World International and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Soft-World International's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Soft-World International ranks #338 out of 550 companies in the Interactive Media industry, placing it in the top 61.5%.
Is Soft-World International's Piotroski F-Score too high?
Soft-World International's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Interactive Media industry median Piotroski F-Score is 5.00. Soft-World International's value of 4 is 20% below this industry median. Based on the distribution chart, Soft-World International ranks #338 out of 550 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Soft-World International has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Soft-World International's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Soft-World International ranks #338 out of 550 companies for Piotroski F-Score. This places Soft-World International in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Soft-World International's value of 4 is 20% below this benchmark. Historically, Soft-World International's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Soft-World International 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Soft-World International's current Piotroski F-Score of 4 is 20% 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 Soft-World International and its competitors. For the Interactive Media 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. Soft-World International's current Piotroski F-Score is 4, which is 33% 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 Soft-World International stock overvalued right now?
Based on GuruFocus' analysis, Soft-World International (ROCO:5478) is currently considered Fairly Valued. The stock's GF Value™ is NT$101.04, compared to a current price of NT$100.50 — trading 0.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Interactive Media industry median of 5.00. Soft-World International's overall GF Score™ is 77/100 with 3 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 Soft-World International (ROCO:5478), the current Piotroski F-Score is 4 as of Jul. 16, 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 Soft-World International (ROCO:5478) Overvalued in 2026?
Based on GuruFocus' analysis, Soft-World International stock appears to be undervalued.
The current stock price of NT$100.50 is trading 0.5% below its estimated GF Value™ of NT$101.04.
GuruFocus considers Soft-World International to be Fairly Valued.
Key valuation signals for ROCO:5478:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: NT$101.04 vs. price of NT$100.50 (0.5% below fair value)
Industry Position: 20% below the Interactive Media median (#338 of 550)
No single metric tells the full story. See the ROCO:5478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soft-World International Corp is engaged in the digital content point service platforms, production and publication of computer game magazines, commercial advertising services and the retail sale of entertainment products and accessories for game software. The Corporation also acts as an agent for games and commercial software. Its segments include Soft-World; Chinese Gamer International Corporation; Game Flier International Corporation; Neweb Technologies; Efun Corporation; and Others. It operates in China, Taiwan and other countries. The company derives maximum revenue from Soft-World International Corporation segment.
77GF Score
Get the complete analysis for ROCO:5478
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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