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Piotroski F-Score of 2 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
Wanshih Electronics Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Wanshih Electronics Co's Piotroski F-Score or its related term are showing as below:
ROCO:6134'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Wanshih Electronics Co was 8. The lowest was 2. And the median was 5.
Wanshih Electronics Co (ROCO:6134) 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.
Wanshih Electronics Co Piotroski F-Score Related Terms
Wanshih Electronics Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Wanshih Electronics Co'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:6134 vs CSCO, CIEN, MSI: Piotroski F-Score Comparison
For the Communication Equipment subindustry, Wanshih Electronics 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.
Wanshih Electronics Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Wanshih Electronics Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Wanshih Electronics 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.
*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.
Wanshih Electronics Co's current Net Income (TTM) was 9.
==> 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.
Wanshih Electronics Co's return on assets of this year was 0.00527073. Wanshih Electronics Co's return on assets of last year was 0.01187706.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Wanshih Electronics Co's gearing of this year was 0.01542918. Wanshih Electronics Co's gearing of last year was 0.01511101.
==> 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
Wanshih Electronics Co's current ratio of this year was 1.53840084. Wanshih Electronics Co's current ratio of last year was 2.10280523.
==> 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.
Wanshih Electronics Co's number of shares in issue this year was 81.961. Wanshih Electronics Co's number of shares in issue last year was 78.297.
==> 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.
Wanshih Electronics Co's gross margin of this year was 0.23551932. Wanshih Electronics Co's gross margin of last year was 0.245966.
==> 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
Wanshih Electronics Co's asset turnover of this year was 1.06264057. Wanshih Electronics Co's asset turnover of last year was 1.05685696.
==> 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
Wanshih Electronics Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Wanshih Electronics Co (ROCO:6134) has a Piotroski F-Score of 2 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wanshih Electronics Co and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Wanshih Electronics Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Wanshih Electronics Co ranks #2269 out of 2428 companies in the Hardware industry, placing it in the top 93.5%.
Is Wanshih Electronics Co's Piotroski F-Score too high?
Wanshih Electronics Co's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Wanshih Electronics Co's value of 2 is 60% below this industry median. Based on the distribution chart, Wanshih Electronics Co ranks #2269 out of 2428 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Wanshih Electronics Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wanshih Electronics Co's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Wanshih Electronics Co ranks #2269 out of 2428 companies for Piotroski F-Score. This places Wanshih Electronics Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Wanshih Electronics Co's value of 2 is 60% below this benchmark. Historically, Wanshih Electronics Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Wanshih Electronics Co 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. Wanshih Electronics Co's current Piotroski F-Score of 2 is 60% 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 Wanshih Electronics Co and its competitors. For the Hardware 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. Wanshih Electronics Co's current Piotroski F-Score is 2, which is 60% below 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 Wanshih Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Wanshih Electronics Co (ROCO:6134) is currently considered Fairly Valued. The stock's GF Value™ is NT$28.93, compared to a current price of NT$26.20 — trading 9.4% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Hardware industry median of 5.00. Wanshih Electronics Co's overall GF Score™ is 63/100 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 Wanshih Electronics Co (ROCO:6134), the current Piotroski F-Score is 2 as of Jul. 21, 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 Wanshih Electronics Co (ROCO:6134) Overvalued in 2026?
Based on GuruFocus' analysis, Wanshih Electronics Co stock appears to be undervalued.
The current stock price of NT$26.20 is trading 9.4% below its estimated GF Value™ of NT$28.93.
GuruFocus considers Wanshih Electronics Co to be Fairly Valued.
Key valuation signals for ROCO:6134:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: NT$28.93 vs. price of NT$26.20 (9.4% below fair value)
Industry Position: 60% below the Hardware median (#2269 of 2428)
No single metric tells the full story. See the ROCO:6134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wanshih Electronics Co Ltd is mainly engaged in the sales of electronic components, computer and peripheral products, and the production and sale of mini coaxial cables. The Group operates in three segments, which are Wire Harness Division, Suzhou Wanshih, and Others. Its Wire Harness Division mainly manufactures wire harnesses and external cables for electronic products, medical cables, and automobile cables. The Suzhou Wanshih segment, which generates maximum revenue, is engaged in the manufacturing and selling of mini coaxial cable (main products are antenna, medical cable, automotive cable, electronic wire harness, and external cable, as well as SMT module). Geographically, the Group generates maximum revenue from China, and the rest from Taiwan, the USA, Japan, and other markets.
63GF Score
Get the complete analysis for ROCO:6134
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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