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Grand Fortune Securities CoROCO:6026 74 Piotroski F-Score is 6 as of Sep. 11, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ROCO:6026 with a GF Score™ of 74/100 and a GF Value™ of NT$20.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 787 Capital Markets companies, Grand Fortune Securities Co ranks better than 82.85% 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
Grand Fortune Securities 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 Grand Fortune Securities Co's Piotroski F-Score or its related term are showing as below:
ROCO:6026'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Grand Fortune Securities Co was 8. The lowest was 3. And the median was 5.
Grand Fortune Securities Co (ROCO:6026) 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.
Grand Fortune Securities Co Piotroski F-Score Related Terms
Grand Fortune Securities Co 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.
Grand Fortune Securities Co Piotroski F-Score Chart
ROCO:6026 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Grand Fortune Securities 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.
Grand Fortune Securities Co Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Grand Fortune Securities Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grand Fortune Securities Co'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 260.104 + 407.466 + 27.618 + 399.618 = NT$1,095 Mil. Cash Flow from Operations was 274.742 + -20.58 + 588.558 + -261.722 = NT$581 Mil. Revenue was 377.785 + 383.985 + 416.579 + 467.044 = NT$1,645 Mil. Gross Profit was 375.532 + 381.632 + 413.445 + 462.588 = NT$1,633 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(12220.612 + 13383.119 + 14821.699 + 14570.077 + 17386.05) / 5 = NT$14476.3114 Mil. Total Assets at the begining of this year (Jun25) was NT$12,221 Mil. Long-Term Debt & Capital Lease Obligation was NT$106 Mil. Total Current Assets was NT$15,137 Mil. Total Current Liabilities was NT$10,978 Mil.
Net Income was -0.737 + 40.983 + 36.552 + -21.152 = NT$56 Mil.
Revenue was 349.748 + 263.534 + 184.311 + 105.223 = NT$903 Mil. Gross Profit was 347.501 + 261.881 + 182.779 + 103.739 = NT$896 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(13274.775 + 12457.57 + 12453.694 + 13671.601 + 12220.612) / 5 = NT$12815.6504 Mil. Total Assets at the begining of last year (Jun24) was NT$13,275 Mil. Long-Term Debt & Capital Lease Obligation was NT$6 Mil. Total Current Assets was NT$10,889 Mil. Total Current Liabilities was NT$6,904 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.
Grand Fortune Securities Co's current Net Income (TTM) was 1,095.
==> 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.
Grand Fortune Securities Co's current Cash Flow from Operations (TTM) was 581.
==> 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.
Grand Fortune Securities Co's return on assets of this year was 0.08958684. Grand Fortune Securities Co's return on assets of last year was 0.00419186.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grand Fortune Securities Co's gearing of this year was 0.00733529. Grand Fortune Securities Co's gearing of last year was 0.00043665.
==> 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
Grand Fortune Securities Co's current ratio of this year was 1.37883101. Grand Fortune Securities Co's current ratio of last year was 1.57714757.
==> 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.
Grand Fortune Securities Co's number of shares in issue this year was 395.661. Grand Fortune Securities Co's number of shares in issue last year was 423.04.
==> 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.
Grand Fortune Securities Co's gross margin of this year was 0.99258779. Grand Fortune Securities Co's gross margin of last year was 0.99233952.
==> 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
Grand Fortune Securities Co's asset turnover of this year was 0.1346408. Grand Fortune Securities Co's asset turnover of last year was 0.06800989.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Grand Fortune Securities Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Grand Fortune Securities Co (ROCO:6026) has a Piotroski F-Score of 6 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grand Fortune Securities Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Grand Fortune Securities Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Grand Fortune Securities Co ranks #135 out of 787 companies in the Capital Markets industry, placing it in the top 17.2%.
Is Grand Fortune Securities Co's Piotroski F-Score too high?
Grand Fortune Securities 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 3.00 to a high of 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Grand Fortune Securities Co's value of 6 is 20% above this industry median. Based on the distribution chart, Grand Fortune Securities Co ranks #135 out of 787 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Fortune Securities Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grand Fortune Securities Co's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Grand Fortune Securities Co ranks #135 out of 787 companies for Piotroski F-Score. This places Grand Fortune Securities Co in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Grand Fortune Securities Co's value of 6 is 20% above this benchmark. Historically, Grand Fortune Securities Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Grand Fortune Securities 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 787 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. Grand Fortune Securities 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 Grand Fortune Securities Co and its competitors. For the Capital Markets 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. Grand Fortune Securities 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 Grand Fortune Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Grand Fortune Securities Co (ROCO:6026) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$20.64, compared to a current price of NT$15.20 — trading 26.4% below 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 Capital Markets industry median of 5.00. Grand Fortune Securities Co's overall GF Score™ is 74/100 with 4 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 Grand Fortune Securities Co (ROCO:6026), the current Piotroski F-Score is 6 as of Sep. 11, 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 Grand Fortune Securities Co (ROCO:6026) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Fortune Securities Co stock appears to be undervalued.
The current stock price of NT$15.20 is trading 26.4% below its estimated GF Value™ of NT$20.64.
GuruFocus considers Grand Fortune Securities Co to be Modestly Undervalued.
Key valuation signals for ROCO:6026:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: NT$20.64 vs. price of NT$15.20 (26.4% below fair value)
Industry Position: 20% above the Capital Markets median (#135 of 787)
No single metric tells the full story. See the ROCO:6026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Fortune Securities Co Ltd is a Taiwan-based integrated securities house that runs businesses of the underwriting of marketable securities, proprietary trading, brokerage of marketable securities, stock registrar, and other securities-related businesses approved by the regulators. The company's segment consists of the Brokerage Department, Underwriting Department, Proprietary Trading Department, and Others. The company derives the majority of its revenue from the Proprietary Trading Department and the Underwriting Department.
74GF Score
Get the complete analysis for ROCO:6026
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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