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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
O'Pay Electronic Payment Co 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 O'Pay Electronic Payment Co's Piotroski F-Score or its related term are showing as below:
ROCO:6878'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 5
Current: 3
During the past 8 years, the highest Piotroski F-Score of O'Pay Electronic Payment Co was 5. The lowest was 3. And the median was 4.
O'Pay Electronic Payment Co (ROCO:6878) 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.
O'Pay Electronic Payment Co Piotroski F-Score Related Terms
O'Pay Electronic Payment 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.
O'Pay Electronic Payment Co Piotroski F-Score Chart
ROCO:6878 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison
For the Software - Infrastructure subindustry, O'Pay Electronic Payment 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.
O'Pay Electronic Payment Co Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, O'Pay Electronic Payment Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where O'Pay Electronic Payment 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.
O'Pay Electronic Payment Co's current Net Income (TTM) was -78.20.
==> 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.
O'Pay Electronic Payment Co's current Cash Flow from Operations (TTM) was -65.75.
==> 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.
O'Pay Electronic Payment Co's return on assets of this year was -0.10270461. O'Pay Electronic Payment Co's return on assets of last year was -0.06762119.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
O'Pay Electronic Payment Co's gearing of this year was 0.07621161. O'Pay Electronic Payment Co's gearing of last year was 0.
==> 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
O'Pay Electronic Payment Co's current ratio of this year was 3.22404008. O'Pay Electronic Payment Co's current ratio of last year was 3.82370222.
==> 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.
O'Pay Electronic Payment Co's number of shares in issue this year was 72.641. O'Pay Electronic Payment Co's number of shares in issue last year was 72.641.
==> 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.
O'Pay Electronic Payment Co's gross margin of this year was -2.29105323. O'Pay Electronic Payment Co's gross margin of last year was -1.61448793.
==> 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
O'Pay Electronic Payment Co's asset turnover of this year was 0.01043779. O'Pay Electronic Payment Co's asset turnover of last year was 0.01018875.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
O'Pay Electronic Payment Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
O'Pay Electronic Payment Co (ROCO:6878) has a Piotroski F-Score of 3 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on O'Pay Electronic Payment Co and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, O'Pay Electronic Payment Co's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, O'Pay Electronic Payment Co ranks #2164 out of 2740 companies in the Software industry, placing it in the top 79%.
Is O'Pay Electronic Payment Co's Piotroski F-Score too high?
O'Pay Electronic Payment Co's current Piotroski F-Score of 3 is 25% below 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 5.00. The Software industry median Piotroski F-Score is 5.00. O'Pay Electronic Payment Co's value of 3 is 40% below this industry median. Based on the distribution chart, O'Pay Electronic Payment Co ranks #2164 out of 2740 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, O'Pay Electronic Payment Co has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does O'Pay Electronic Payment Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, O'Pay Electronic Payment Co ranks #2164 out of 2740 companies for Piotroski F-Score. This places O'Pay Electronic Payment Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. O'Pay Electronic Payment Co's value of 3 is 40% below this benchmark. Historically, O'Pay Electronic Payment Co's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, O'Pay Electronic Payment Co 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. O'Pay Electronic Payment Co'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 O'Pay Electronic Payment Co and its competitors. For the Software 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. O'Pay Electronic Payment Co's current Piotroski F-Score is 3, which is 25% below 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 O'Pay Electronic Payment Co stock overvalued right now?
Based on GuruFocus' analysis, O'Pay Electronic Payment Co (ROCO:6878) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$13.23, compared to a current price of NT$19.00 — trading 43.6% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Software industry median of 5.00. O'Pay Electronic Payment Co's overall GF Score™ is 40/100 with 6 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 O'Pay Electronic Payment Co (ROCO:6878), the current Piotroski F-Score is 3 as of Jul. 20, 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 O'Pay Electronic Payment Co (ROCO:6878) Overvalued in 2026?
Based on GuruFocus' analysis, O'Pay Electronic Payment Co stock appears to be overvalued.
The current stock price of NT$19.00 is trading 43.6% above its estimated GF Value™ of NT$13.23.
GuruFocus considers O'Pay Electronic Payment Co to be Significantly Overvalued.
Key valuation signals for ROCO:6878:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: NT$13.23 vs. price of NT$19.00 (43.6% above fair value)
Industry Position: 40% below the Software median (#2164 of 2740)
No single metric tells the full story. See the ROCO:6878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
O'Pay Electronic Payment Co Ltd is an open electronic payment platform that has been engaged in the cash flow payment industry. Its business content includes providing customers with payment agency services for inward or outward remittance of cross-border network actual transaction prices and providing payment services.
40GF Score
Get the complete analysis for ROCO:6878
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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