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Mutual-Tek Industries CoROCO:6407 -2.09%66 Piotroski F-Score is 5 as of Jul. 17, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates ROCO:6407 with a GF Score™ of 66/100 and a GF Value™ of NT$23.19 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,431 Hardware companies, Mutual-Tek Industries Co ranks better than 59.28% 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
Mutual-Tek Industries Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Mutual-Tek Industries Co's Piotroski F-Score or its related term are showing as below:
ROCO:6407'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Mutual-Tek Industries Co was 8. The lowest was 4. And the median was 7.
Mutual-Tek Industries Co (ROCO:6407) 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.
Mutual-Tek Industries Co Piotroski F-Score Related Terms
Mutual-Tek Industries 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.
ROCO:6407 vs APH, GLW: Piotroski F-Score Comparison
For the Electronic Components subindustry, Mutual-Tek Industries 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.
Mutual-Tek Industries Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Mutual-Tek Industries Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mutual-Tek Industries 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.
Mutual-Tek Industries Co's current Net Income (TTM) was 114.
==> 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.
Mutual-Tek Industries Co's current Cash Flow from Operations (TTM) was 225.
==> 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.
Mutual-Tek Industries Co's return on assets of this year was 0.03894293. Mutual-Tek Industries Co's return on assets of last year was 0.03808308.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mutual-Tek Industries Co's gearing of this year was 0.00497657. Mutual-Tek Industries Co's gearing of last year was 0.01144111.
==> 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
Mutual-Tek Industries Co's current ratio of this year was 1.36219665. Mutual-Tek Industries Co's current ratio of last year was 1.45126015.
==> 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.
Mutual-Tek Industries Co's number of shares in issue this year was 75.44. Mutual-Tek Industries Co's number of shares in issue last year was 75.323.
==> 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.
Mutual-Tek Industries Co's gross margin of this year was 0.1380512. Mutual-Tek Industries Co's gross margin of last year was 0.13848549.
==> 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
Mutual-Tek Industries Co's asset turnover of this year was 1.07566278. Mutual-Tek Industries Co's asset turnover of last year was 1.0893805.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mutual-Tek Industries Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Mutual-Tek Industries Co (ROCO:6407) has a Piotroski F-Score of 5 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mutual-Tek Industries Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Mutual-Tek Industries Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Mutual-Tek Industries Co ranks #990 out of 2431 companies in the Hardware industry, placing it in the top 40.7%.
Is Mutual-Tek Industries Co's Piotroski F-Score too high?
Mutual-Tek Industries Co's current Piotroski F-Score of 5 is 29% below 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 Hardware industry median Piotroski F-Score is 5.00. Mutual-Tek Industries Co's value of 5 is 0% at this industry median. Based on the distribution chart, Mutual-Tek Industries Co ranks #990 out of 2431 companies in the Hardware industry, which is above the industry midpoint. Overall, Mutual-Tek Industries Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual-Tek Industries Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Mutual-Tek Industries Co ranks #990 out of 2431 companies for Piotroski F-Score. This puts Mutual-Tek Industries Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mutual-Tek Industries Co's value of 5 is 0% at this benchmark. Historically, Mutual-Tek Industries Co's 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, Mutual-Tek Industries Co has consistently been at 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 2,431 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. Mutual-Tek Industries Co's current Piotroski F-Score of 5 is 0% at 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 Mutual-Tek Industries 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. Mutual-Tek Industries Co's current Piotroski F-Score is 5, which is 29% below 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 Mutual-Tek Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Mutual-Tek Industries Co (ROCO:6407) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.19, compared to a current price of NT$25.80 — trading 11.3% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Hardware industry median of 5.00. Mutual-Tek Industries Co's overall GF Score™ is 66/100 with 2 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 Mutual-Tek Industries Co (ROCO:6407), the current Piotroski F-Score is 5 as of Jul. 17, 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 Mutual-Tek Industries Co (ROCO:6407) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual-Tek Industries Co stock appears to be overvalued.
The current stock price of NT$25.80 is trading 11.3% above its estimated GF Value™ of NT$23.19.
GuruFocus considers Mutual-Tek Industries Co to be Modestly Overvalued.
Key valuation signals for ROCO:6407:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: NT$23.19 vs. price of NT$25.80 (11.3% above fair value)
Industry Position: 0% at the Hardware median (#990 of 2431)
No single metric tells the full story. See the ROCO:6407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual-Tek Industries Co Ltd is involved in manufacturing multi-layer and double-sided printed circuit boards (PCBs). Its product offerings include Rigid-Flex Board, High-Density Interconnect PCB, High Layer count, and Ultra-Thin PCB among others.
66GF Score
Get the complete analysis for ROCO:6407
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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