Antec (ROCO:6276) Piotroski F-Score: 7 (As of Jul. 01, 2026) — 17% Above Median


ROCO:6276 Antec Inc ROCO:6276
43 GF Score
Price NT$21.90
GF Value NT$56.43
Valuation Possible Value Trap
! 5 Warning Signs
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What is Antec Piotroski F-Score?

Antec ROCO:6276 -4.78% 43 Piotroski F-Score is 7 as of Jul. 01, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ROCO:6276 with a GF Score™ of 43/100 and a GF Value™ of NT$56.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,429 Hardware companies, Antec ranks better than 91.03% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Antec has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Antec's Piotroski F-Score or its related term are showing as below:

ROCO:6276' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Antec was 9. The lowest was 2. And the median was 6.

Antec  (ROCO:6276) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Antec Piotroski F-Score Related Terms


Antec Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Antec'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.

Antec Piotroski F-Score Chart

Antec Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 6.00 7.00 2.00

Antec Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 2.00 2.00 4.00 7.00

ROCO:6276 vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, Antec'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.


Antec Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Antec's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Antec's Piotroski F-Score falls into.


ROCO:6276
43GF Score
Antec Inc ROCO:6276
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 3.863 + 20.184 + -11.196 + 5.638 = NT$18 Mil.
Cash Flow from Operations was 35.772 + -0.309 + -14.501 + -13.521 = NT$7 Mil.
Revenue was 338.622 + 403.355 + 379.28 + 323.426 = NT$1,445 Mil.
Gross Profit was 88.58 + 93.398 + 79.881 + 69.756 = NT$332 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(571.19 + 668.93 + 690.174 + 612.411 + 602.649) / 5 = NT$629.0708 Mil.
Total Assets at the begining of this year (Sep24) was NT$571 Mil.
Long-Term Debt & Capital Lease Obligation was NT$28 Mil.
Total Current Assets was NT$527 Mil.
Total Current Liabilities was NT$344 Mil.
Net Income was -18.909 + -6.855 + -14.292 + -30.313 = NT$-70 Mil.

Revenue was 256.35 + 240.387 + 310.267 + 308.011 = NT$1,115 Mil.
Gross Profit was 66.133 + 60.497 + 68.649 + 49.921 = NT$245 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(608.918 + 536.504 + 615.406 + 658.005 + 571.19) / 5 = NT$598.0046 Mil.
Total Assets at the begining of last year (Sep23) was NT$609 Mil.
Long-Term Debt & Capital Lease Obligation was NT$61 Mil.
Total Current Assets was NT$505 Mil.
Total Current Liabilities was NT$304 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.

Antec's current Net Income (TTM) was 18. ==> 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.

Antec's current Cash Flow from Operations (TTM) was 7. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep24)
=18.489/571.19
=0.03236926

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-70.369/608.918
=-0.115564

Antec's return on assets of this year was 0.03236926. Antec's return on assets of last year was -0.115564. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Antec's current Net Income (TTM) was 18. Antec's current Cash Flow from Operations (TTM) was 7. ==> 7 <= 18 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=27.982/629.0708
=0.04448148

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=60.675/598.0046
=0.10146243

Antec's gearing of this year was 0.04448148. Antec's gearing of last year was 0.10146243. ==> 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

Current Ratio (This Year: Sep25)=Total Current Assets/Total Current Liabilities
=527.475/344.291
=1.53206154

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=505.009/304.491
=1.65853506

Antec's current ratio of this year was 1.53206154. Antec's current ratio of last year was 1.65853506. ==> 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.

Antec's number of shares in issue this year was 21.685. Antec's number of shares in issue last year was 22.126. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=331.615/1444.683
=0.22954171

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=245.2/1115.015
=0.21990736

Antec's gross margin of this year was 0.22954171. Antec's gross margin of last year was 0.21990736. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep24)
=1444.683/571.19
=2.52925121

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=1115.015/608.918
=1.83114147

Antec's asset turnover of this year was 2.52925121. Antec's asset turnover of last year was 1.83114147. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Antec has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Antec (ROCO:6276) has a Piotroski F-Score of 7 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Antec and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Antec's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Antec ranks #218 out of 2429 companies in the Hardware industry, placing it in the top 9%.
Is Antec's Piotroski F-Score too high?
Antec's current Piotroski F-Score of 7 is 17% above 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 Hardware industry median Piotroski F-Score is 5.00. Antec's value of 7 is 40% above this industry median. Based on the distribution chart, Antec ranks #218 out of 2429 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Antec has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Antec's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Antec ranks #218 out of 2429 companies for Piotroski F-Score. This places Antec in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Antec's value of 7 is 40% above this benchmark. Historically, Antec'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, Antec 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,429 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. Antec's current Piotroski F-Score of 7 is 40% 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 Antec 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. Antec's current Piotroski F-Score is 7, which is 17% above 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 Antec stock overvalued right now?
Based on GuruFocus' analysis, Antec (ROCO:6276) is currently considered Possible Value Trap. The stock's GF Value™ is NT$56.43, compared to a current price of NT$21.90 — trading 61.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Hardware industry median of 5.00. Antec's overall GF Score™ is 43/100 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 Antec (ROCO:6276), the current Piotroski F-Score is 7 as of Jul. 01, 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 Antec (ROCO:6276) Overvalued in 2026?

Based on GuruFocus' analysis, Antec stock appears to be undervalued. The current stock price of NT$21.90 is trading 61.2% below its estimated GF Value™ of NT$56.43. GuruFocus considers Antec to be Possible Value Trap.

Key valuation signals for ROCO:6276:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: NT$56.43 vs. price of NT$21.90 (61.2% below fair value)
  • GF Score™: 43/100 with 5 warning signs
  • Industry Position: 40% above the Hardware median (#218 of 2429)

No single metric tells the full story. See the ROCO:6276 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Antec Business Description

Address No. 107 Zhouzi Street, 8th Floor, Neihu District, Taipei, TWN, 114
Antec Inc. is engaged in designing and manufacturing of various electronic products and components worldwide. It offers power supplies, computer cases, radiator modules, cooling fans, and other products.
43GF Score

Get the complete analysis for ROCO:6276

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$21.90
Price
NT$56.43
GF Value