Locus Cell Co (ROCO:6891) Piotroski F-Score: 2 (As of Aug. 13, 2026) — 50% Below Median

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ROCO:6891 Locus Cell Co Ltd ROCO:6891
22 GF Score
Price NT$38.65
GF Value NT$778.63
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Locus Cell Co Piotroski F-Score?

Locus Cell Co ROCO:6891 -2.89% 22 Piotroski F-Score is 2 as of Aug. 13, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates ROCO:6891 with a GF Score™ of 22/100 and a GF Value™ of NT$778.63 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,320 Biotechnology companies, Locus Cell Co ranks worse than 72.95% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Locus Cell Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

ROCO:6891' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 2

During the past 6 years, the highest Piotroski F-Score of Locus Cell Co was 5. The lowest was 2. And the median was 4.

Locus Cell Co  (ROCO:6891) 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.


Locus Cell Co Piotroski F-Score Related Terms


Locus Cell Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Locus Cell Co'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.

Locus Cell Co Piotroski F-Score Chart

Locus Cell Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 3.00 5.00 2.00

Locus Cell Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.00 3.00 5.00 5.00 2.00

ROCO:6891 vs VRTX, REGN, RVMD: Piotroski F-Score Comparison

For the Biotechnology subindustry, Locus Cell 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.


Locus Cell Co Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Locus Cell Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:6891
22GF Score
Locus Cell Co Ltd ROCO:6891
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$-181.54 Mil.
Cash Flow from Operations was NT$-168.82 Mil.
Revenue was NT$12.74 Mil.
Gross Profit was NT$6.27 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1819.004 + 1896.12) / 2 = NT$1857.562 Mil.
Total Assets at the begining of this year (Dec24) was NT$1,819.00 Mil.
Long-Term Debt & Capital Lease Obligation was NT$283.72 Mil.
Total Current Assets was NT$835.92 Mil.
Total Current Liabilities was NT$61.56 Mil.
Net Income was NT$-113.02 Mil.

Revenue was NT$2.36 Mil.
Gross Profit was NT$1.67 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1915.337 + 1819.004) / 2 = NT$1867.1705 Mil.
Total Assets at the begining of last year (Dec23) was NT$1,915.34 Mil.
Long-Term Debt & Capital Lease Obligation was NT$58.10 Mil.
Total Current Assets was NT$1,187.62 Mil.
Total Current Liabilities was NT$38.30 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.

Locus Cell Co's current Net Income (TTM) was -181.54. ==> 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.

Locus Cell Co's current Cash Flow from Operations (TTM) was -168.82. ==> 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)
=-181.542/1819.004
=-0.09980297

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-113.017/1915.337
=-0.05900633

Locus Cell Co's return on assets of this year was -0.09980297. Locus Cell Co's return on assets of last year was -0.05900633. ==> 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.

Locus Cell Co's current Net Income (TTM) was -181.54. Locus Cell Co's current Cash Flow from Operations (TTM) was -168.82. ==> -168.82 > -181.54 ==> 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
=283.723/1857.562
=0.15273945

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=58.099/1867.1705
=0.03111607

Locus Cell Co's gearing of this year was 0.15273945. Locus Cell Co's gearing of last year was 0.03111607. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=835.922/61.557
=13.57964163

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1187.622/38.299
=31.00921695

Locus Cell Co's current ratio of this year was 13.57964163. Locus Cell Co's current ratio of last year was 31.00921695. ==> 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.

Locus Cell Co's number of shares in issue this year was 200.01. Locus Cell Co's number of shares in issue last year was 200. ==> 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
=6.274/12.738
=0.492542

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.67/2.356
=0.70882852

Locus Cell Co's gross margin of this year was 0.492542. Locus Cell Co's gross margin of last year was 0.70882852. ==> 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 (Dec24)
=12.738/1819.004
=0.00700273

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2.356/1915.337
=0.00123007

Locus Cell Co's asset turnover of this year was 0.00700273. Locus Cell Co's asset turnover of last year was 0.00123007. ==> 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+0+1+0+0+0+0+1
=2

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

Locus Cell Co has an F-score of 2. 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 2 mean?
Locus Cell Co (ROCO:6891) has a Piotroski F-Score of 2 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Locus Cell Co and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Locus Cell Co's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Locus Cell Co ranks #963 out of 1320 companies in the Biotechnology industry, placing it in the top 73%.
Is Locus Cell Co's Piotroski F-Score too high?
Locus Cell Co's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. Locus Cell Co's value of 2 is 33.3% below this industry median. Based on the distribution chart, Locus Cell Co ranks #963 out of 1320 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Locus Cell Co has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Locus Cell Co's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Locus Cell Co ranks #963 out of 1320 companies for Piotroski F-Score. This places Locus Cell Co in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Locus Cell Co's value of 2 is 33.3% below this benchmark. Historically, Locus Cell Co's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Locus Cell 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,320 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. Locus Cell Co's current Piotroski F-Score of 2 is 33.3% 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 Locus Cell Co and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Locus Cell Co's current Piotroski F-Score is 2, which is 50% 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 Locus Cell Co stock overvalued right now?
Based on GuruFocus' analysis, Locus Cell Co (ROCO:6891) is currently considered Possible Value Trap. The stock's GF Value™ is NT$778.63, compared to a current price of NT$38.65 — trading 95% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 33.3% below the Biotechnology industry median of 3.00. Locus Cell Co's overall GF Score™ is 22/100 with 4 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 Locus Cell Co (ROCO:6891), the current Piotroski F-Score is 2 as of Aug. 13, 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 Locus Cell Co (ROCO:6891) Overvalued in 2026?

Based on GuruFocus' analysis, Locus Cell Co stock appears to be undervalued. The current stock price of NT$38.65 is trading 95% below its estimated GF Value™ of NT$778.63. GuruFocus considers Locus Cell Co to be Possible Value Trap.

Key valuation signals for ROCO:6891:

  • Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
  • GF Value™: NT$778.63 vs. price of NT$38.65 (95% below fair value)
  • GF Score™: 22/100 with 4 warning signs
  • Industry Position: 33.3% below the Biotechnology median (#963 of 1320)

No single metric tells the full story. See the ROCO:6891 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Locus Cell Co Business Description

Address Xintai 5th Road, 19th FLoor.-12, No.97, Section 1, Xizhi District, New Taipei, TWN
Locus Cell Co Ltd focuses on contract development and manufacturing services for cell therapy-related products.
22GF Score

Get the complete analysis for ROCO:6891

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

NT$38.65
Price
NT$778.63
GF Value