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Anpec ElectronicsROCO:6138 +3.10%75 Piotroski F-Score is 8 as of Jul. 26, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates ROCO:6138 with a GF Score™ of 75/100 and a GF Value™ of NT$233.33 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 989 Semiconductors companies, Anpec Electronics ranks better than 98.89% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Anpec Electronics has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Anpec Electronics's Piotroski F-Score or its related term are showing as below:
ROCO:6138'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Anpec Electronics was 8. The lowest was 4. And the median was 7.
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.
Anpec Electronics Piotroski F-Score Related Terms
Anpec Electronics Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Anpec Electronics'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:6138 vs NVDA, AVGO, MU: Piotroski F-Score Comparison
For the Semiconductors subindustry, Anpec Electronics'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.
Anpec Electronics Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Anpec Electronics's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Anpec Electronics'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 190.003 + 196.591 + 289.272 + 275.37 = NT$951 Mil. Cash Flow from Operations was 520.355 + 306.764 + 187.091 + 519.532 = NT$1,534 Mil. Revenue was 1775.798 + 1819.671 + 1962.224 + 1925.996 = NT$7,484 Mil. Gross Profit was 605.222 + 625.157 + 719.172 + 745.472 = NT$2,695 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(6065.824 + 6424.439 + 6659.189 + 6324.912 + 6787.37) / 5 = NT$6452.3468 Mil. Total Assets at the begining of this year (Dec24) was NT$6,066 Mil. Long-Term Debt & Capital Lease Obligation was NT$108 Mil. Total Current Assets was NT$5,305 Mil. Total Current Liabilities was NT$1,636 Mil.
Net Income was 170.178 + 179.815 + 196.418 + 173.682 = NT$720 Mil.
Revenue was 1513.842 + 1460.15 + 1607.188 + 1508.324 = NT$6,090 Mil. Gross Profit was 519.03 + 534.199 + 578.423 + 532.618 = NT$2,164 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(5997.565 + 6168.821 + 6287.25 + 5808.569 + 6065.824) / 5 = NT$6065.6058 Mil. Total Assets at the begining of last year (Dec23) was NT$5,998 Mil. Long-Term Debt & Capital Lease Obligation was NT$116 Mil. Total Current Assets was NT$4,559 Mil. Total Current Liabilities was NT$1,336 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.
Anpec Electronics's current Net Income (TTM) was 951.
==> 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.
Anpec Electronics's return on assets of this year was 0.15681893. Anpec Electronics's return on assets of last year was 0.12006423.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Anpec Electronics's gearing of this year was 0.0167787. Anpec Electronics's gearing of last year was 0.01911647.
==> 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
Anpec Electronics's current ratio of this year was 3.24197815. Anpec Electronics's current ratio of last year was 3.41132985.
==> 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.
Anpec Electronics's number of shares in issue this year was 75.095. Anpec Electronics's number of shares in issue last year was 75.452.
==> 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.
Anpec Electronics's gross margin of this year was 0.36011959. Anpec Electronics's gross margin of last year was 0.3554099.
==> 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
Anpec Electronics's asset turnover of this year was 1.23374648. Anpec Electronics's asset turnover of last year was 1.01532939.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Anpec Electronics has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Anpec Electronics (ROCO:6138) has a Piotroski F-Score of 8 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anpec Electronics and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Anpec Electronics' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Anpec Electronics ranks #11 out of 989 companies in the Semiconductors industry, placing it in the top 1.1%.
Is Anpec Electronics' Piotroski F-Score too high?
Anpec Electronics' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Anpec Electronics' value of 8 is 60% above this industry median. Based on the distribution chart, Anpec Electronics ranks #11 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Anpec Electronics has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anpec Electronics' Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Anpec Electronics ranks #11 out of 989 companies for Piotroski F-Score. This places Anpec Electronics in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Anpec Electronics' value of 8 is 60% above this benchmark. Historically, Anpec Electronics' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Anpec Electronics 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 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. Anpec Electronics's current Piotroski F-Score of 8 is 60% 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 Anpec Electronics 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. Anpec Electronics's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anpec Electronics stock overvalued right now?
Based on GuruFocus' analysis, Anpec Electronics (ROCO:6138) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$233.33, compared to a current price of NT$333.00 — trading 42.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Semiconductors industry median of 5.00. Anpec Electronics' overall GF Score™ is 75/100 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 Anpec Electronics (ROCO:6138), the current Piotroski F-Score is 8 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 Anpec Electronics (ROCO:6138) Overvalued in 2026?
Based on GuruFocus' analysis, Anpec Electronics stock appears to be overvalued.
The current stock price of NT$333.00 is trading 42.7% above its estimated GF Value™ of NT$233.33.
GuruFocus considers Anpec Electronics to be Significantly Overvalued.
Key valuation signals for ROCO:6138:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: NT$233.33 vs. price of NT$333.00 (42.7% above fair value)
Industry Position: 60% above the Semiconductors median (#11 of 989)
No single metric tells the full story. See the ROCO:6138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anpec Electronics Corp is developing technologies across various application fields, delivering high-quality and high-performance products that enhance the added value of customer's end products. The company has expanded into diverse technology areas, including Power and Battery Management, Fan and Motor Drivers, High-Speed Signal Processing, and Sensors. Its main application domains are broad, covering Personal Computers, Servers and Data Centers, Memory and Storage Devices, Networking and Communications, Power Supplies, Security Surveillance, Cooling Fans, Motors, Home Appliances, Industrial Applications, and Automotive Electronics.
75GF Score
Get the complete analysis for ROCO:6138
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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