Powertip Image (ROCO:6498) Piotroski F-Score: 3 (As of Aug. 30, 2026) — Near Median

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ROCO:6498 Powertip Image Corp ROCO:6498
86 GF Score
Price NT$75.90
GF Value NT$113.34
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Powertip Image Piotroski F-Score?

Powertip Image ROCO:6498 -3.56% 86 Piotroski F-Score is 3 as of Aug. 30, 2026, which is at its 10-year median of 3.00. GuruFocus rates ROCO:6498 with a GF Score™ of 86/100 and a GF Value™ of NT$113.34 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,445 Hardware companies, Powertip Image ranks worse than 81.19% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Powertip Image has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ROCO:6498' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Powertip Image was 8. The lowest was 1. And the median was 3.

Powertip Image  (ROCO:6498) 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.


Powertip Image Piotroski F-Score Related Terms


Powertip Image Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Powertip Image'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.

Powertip Image Piotroski F-Score Chart

Powertip Image Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 1.00 6.00 8.00 7.00

Powertip Image Quarterly Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 N/A 7.00 N/A 3.00

ROCO:6498 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Powertip Image'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.


Powertip Image Piotroski F-Score vs Hardware Industry

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

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


ROCO:6498
86GF Score
Powertip Image Corp ROCO:6498
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 98.621 + 88.544 + 82.761 + 87.105 = NT$357 Mil.
Cash Flow from Operations was 94.618 + 110.201 + 172.955 + 41.6 = NT$419 Mil.
Revenue was 348.291 + 328.126 + 345.005 + 378.772 = NT$1,400 Mil.
Gross Profit was 168.51 + 152.702 + 157.689 + 166.659 = NT$646 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2060.725 + 2219.151 + 2421.565 + 2581.647 + 2660.469) / 5 = NT$2388.7114 Mil.
Total Assets at the begining of this year (Jun25) was NT$2,061 Mil.
Long-Term Debt & Capital Lease Obligation was NT$6 Mil.
Total Current Assets was NT$2,152 Mil.
Total Current Liabilities was NT$921 Mil.
Net Income was 75.384 + 85.988 + 61.915 + 42.861 = NT$266 Mil.

Revenue was 299.115 + 292.515 + 256.099 + 303.288 = NT$1,151 Mil.
Gross Profit was 152.171 + 136.515 + 126.107 + 143.872 = NT$559 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1353.738 + 1530.974 + 1643.761 + 1771.044 + 2060.725) / 5 = NT$1672.0484 Mil.
Total Assets at the begining of last year (Jun24) was NT$1,354 Mil.
Long-Term Debt & Capital Lease Obligation was NT$2 Mil.
Total Current Assets was NT$1,773 Mil.
Total Current Liabilities was NT$637 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.

Powertip Image's current Net Income (TTM) was 357. ==> 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.

Powertip Image's current Cash Flow from Operations (TTM) was 419. ==> 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 (Jun25)
=357.031/2060.725
=0.17325504

ROA (Last Year)=Net Income/Total Assets (Jun24)
=266.148/1353.738
=0.1966023

Powertip Image's return on assets of this year was 0.17325504. Powertip Image's return on assets of last year was 0.1966023. ==> Last year is higher ==> Score 0.

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.

Powertip Image's current Net Income (TTM) was 357. Powertip Image's current Cash Flow from Operations (TTM) was 419. ==> 419 > 357 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=6.449/2388.7114
=0.00269978

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1.722/1672.0484
=0.00102987

Powertip Image's gearing of this year was 0.00269978. Powertip Image's gearing of last year was 0.00102987. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=2151.731/920.548
=2.33744574

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1772.524/637.456
=2.78062172

Powertip Image's current ratio of this year was 2.33744574. Powertip Image's current ratio of last year was 2.78062172. ==> 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.

Powertip Image's number of shares in issue this year was 47.598. Powertip Image's number of shares in issue last year was 44.647. ==> 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
=645.56/1400.194
=0.4610504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=558.665/1151.017
=0.48536642

Powertip Image's gross margin of this year was 0.4610504. Powertip Image's gross margin of last year was 0.48536642. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=1400.194/2060.725
=0.67946669

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1151.017/1353.738
=0.85025093

Powertip Image's asset turnover of this year was 0.67946669. Powertip Image's asset turnover of last year was 0.85025093. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Powertip Image has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Powertip Image (ROCO:6498) has a Piotroski F-Score of 3 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Powertip Image and its competitors. This is near median its historical median of 3.00. Over the past decade, Powertip Image's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Powertip Image ranks #1985 out of 2445 companies in the Hardware industry, placing it in the top 81.2%.
Is Powertip Image's Piotroski F-Score too high?
Powertip Image's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Powertip Image's value of 3 is 40% below this industry median. Based on the distribution chart, Powertip Image ranks #1985 out of 2445 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Powertip Image has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Powertip Image's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Powertip Image ranks #1985 out of 2445 companies for Piotroski F-Score. This places Powertip Image in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Powertip Image's value of 3 is 40% below this benchmark. Historically, Powertip Image's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Powertip Image 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 2,445 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. Powertip Image's current Piotroski F-Score of 3 is 40% 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 Powertip Image 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. Powertip Image's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powertip Image stock overvalued right now?
Based on GuruFocus' analysis, Powertip Image (ROCO:6498) is currently considered Possible Value Trap. The stock's GF Value™ is NT$113.34, compared to a current price of NT$75.90 — trading 33% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Hardware industry median of 5.00. Powertip Image's overall GF Score™ is 86/100 with 3 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 Powertip Image (ROCO:6498), the current Piotroski F-Score is 3 as of Aug. 30, 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 Powertip Image (ROCO:6498) Overvalued in 2026?

Based on GuruFocus' analysis, Powertip Image stock appears to be undervalued. The current stock price of NT$75.90 is trading 33% below its estimated GF Value™ of NT$113.34. GuruFocus considers Powertip Image to be Possible Value Trap.

Key valuation signals for ROCO:6498:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: NT$113.34 vs. price of NT$75.90 (33% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 40% below the Hardware median (#1985 of 2445)

No single metric tells the full story. See the ROCO:6498 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Powertip Image Business Description

Address 3rd Floor, No.8, Gongyequ 6th Road, Xitun District, Taichung, TWN, 40755
Powertip Image Corp is a manufacturer of small to mid-size full-color TFT and monochrome displays as well as resistive and capacitive touch panels. The company's product lines include Embedded solutions, Evaluation board, EM Touch, VATN/PBT LCD Modules and Graphic LCD Modules among others. It earns revenue from sales of lens products.
86GF Score

Get the complete analysis for ROCO:6498

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

NT$75.90
Price
NT$113.34
GF Value