Taho Pharmaceuticals (ROCO:6467) Piotroski F-Score: 6 (As of Jul. 19, 2026) — 50% Above Median

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ROCO:6467 Taho Pharmaceuticals Ltd ROCO:6467
35 GF Score
Price NT$113.50
! 2 Warning Signs
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What is Taho Pharmaceuticals Piotroski F-Score?

Taho Pharmaceuticals ROCO:6467 -4.22% 35 Piotroski F-Score is 6 as of Jul. 19, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates ROCO:6467 with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 980 Drug Manufacturers companies, Taho Pharmaceuticals ranks better than 78.98% 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

Taho Pharmaceuticals 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 Taho Pharmaceuticals's Piotroski F-Score or its related term are showing as below:

ROCO:6467' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 6

During the past 9 years, the highest Piotroski F-Score of Taho Pharmaceuticals was 6. The lowest was 3. And the median was 4.

Taho Pharmaceuticals  (ROCO:6467) 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.


Taho Pharmaceuticals Piotroski F-Score Related Terms


Taho Pharmaceuticals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taho Pharmaceuticals'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.

Taho Pharmaceuticals Piotroski F-Score Chart

Taho Pharmaceuticals Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 3.00 3.00 4.00 6.00

Taho Pharmaceuticals Semi-Annual Data
Dec12 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.00 0.00 4.00 0.00 6.00

ROCO:6467 vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Taho Pharmaceuticals'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.


Taho Pharmaceuticals Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Taho Pharmaceuticals's Piotroski F-Score distribution charts can be found below:

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


ROCO:6467
35GF Score
Taho Pharmaceuticals Ltd ROCO:6467
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was NT$-214.40 Mil.
Cash Flow from Operations was NT$-203.73 Mil.
Revenue was NT$8.41 Mil.
Gross Profit was NT$5.41 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (560.696 + 455.595) / 2 = NT$508.1455 Mil.
Total Assets at the begining of this year (Dec24) was NT$560.70 Mil.
Long-Term Debt & Capital Lease Obligation was NT$5.77 Mil.
Total Current Assets was NT$393.62 Mil.
Total Current Liabilities was NT$26.04 Mil.
Net Income was NT$-167.44 Mil.

Revenue was NT$0.00 Mil.
Gross Profit was NT$0.00 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (283.196 + 560.696) / 2 = NT$421.946 Mil.
Total Assets at the begining of last year (Dec23) was NT$283.20 Mil.
Long-Term Debt & Capital Lease Obligation was NT$11.31 Mil.
Total Current Assets was NT$498.92 Mil.
Total Current Liabilities was NT$33.06 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.

Taho Pharmaceuticals's current Net Income (TTM) was -214.40. ==> Negative ==> Score 0.

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.

Taho Pharmaceuticals's current Cash Flow from Operations (TTM) was -203.73. ==> Negative ==> Score 0.

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 (Dec24)
=-214.398/560.696
=-0.38237833

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-167.438/283.196
=-0.59124423

Taho Pharmaceuticals's return on assets of this year was -0.38237833. Taho Pharmaceuticals's return on assets of last year was -0.59124423. ==> 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.

Taho Pharmaceuticals's current Net Income (TTM) was -214.40. Taho Pharmaceuticals's current Cash Flow from Operations (TTM) was -203.73. ==> -203.73 > -214.40 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=5.765/508.1455
=0.01134518

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=11.313/421.946
=0.02681149

Taho Pharmaceuticals's gearing of this year was 0.01134518. Taho Pharmaceuticals's gearing of last year was 0.02681149. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=393.624/26.042
=15.11496813

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=498.92/33.063
=15.08997974

Taho Pharmaceuticals's current ratio of this year was 15.11496813. Taho Pharmaceuticals's current ratio of last year was 15.08997974. ==> This year's current ratio is higher. ==> Score 1.

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.

Taho Pharmaceuticals's number of shares in issue this year was 51.477. Taho Pharmaceuticals's number of shares in issue last year was 45.396. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5.407/8.41
=0.64292509

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Taho Pharmaceuticals's gross margin of this year was 0.64292509. Taho Pharmaceuticals's gross margin of last year was . ==> 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 (Dec24)
=8.41/560.696
=0.01499922

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0/283.196
=0

Taho Pharmaceuticals's asset turnover of this year was 0.01499922. Taho Pharmaceuticals's asset turnover of last year was 0. ==> 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
=0+0+1+1+1+1+0+1+1
=6

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

Taho Pharmaceuticals has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Taho Pharmaceuticals (ROCO:6467) has a Piotroski F-Score of 6 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taho Pharmaceuticals and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Taho Pharmaceuticals' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Taho Pharmaceuticals ranks #206 out of 980 companies in the Drug Manufacturers industry, placing it in the top 21%.
Is Taho Pharmaceuticals' Piotroski F-Score too high?
Taho Pharmaceuticals' current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Taho Pharmaceuticals' value of 6 is 20% above this industry median. Based on the distribution chart, Taho Pharmaceuticals ranks #206 out of 980 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Taho Pharmaceuticals has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Taho Pharmaceuticals' Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Taho Pharmaceuticals ranks #206 out of 980 companies for Piotroski F-Score. This places Taho Pharmaceuticals in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Taho Pharmaceuticals' value of 6 is 20% above this benchmark. Historically, Taho Pharmaceuticals' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Taho Pharmaceuticals 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 980 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. Taho Pharmaceuticals'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 Taho Pharmaceuticals and its competitors. For the Drug Manufacturers 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. Taho Pharmaceuticals's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taho Pharmaceuticals stock overvalued right now?
Taho Pharmaceuticals (ROCO:6467) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Drug Manufacturers industry median of 5.00. Taho Pharmaceuticals' overall GF Score™ is 35/100 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 Taho Pharmaceuticals (ROCO:6467), the current Piotroski F-Score is 6 as of Jul. 19, 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.

Taho Pharmaceuticals Business Description

Address No. 550, Ruiguang Road, 3rd Floor, Neihu District, Taipei, TWN
Taho Pharmaceuticals Ltd is a Taiwan based company focused on identifying and developing new products that offer therapeutic options to patient populations that may be under served. It offers a transdermal delivery platform that allows the active ingredient to be absorbed by the skin and distributed through the bloodstream. Its transmucosal delivery system delivers the drug as a thin film, an evolution from tablets or capsules. The company is conducting research and development of multiple new drugs using two different drug delivery platform technologies: transdermal and transmucosal.
35GF Score

Get the complete analysis for ROCO:6467

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

NT$113.50
Price