U-Neuron Biomedical (ROCO:6973) Piotroski F-Score: 3 (As of Jul. 12, 2026) — Near Median


ROCO:6973 U-Neuron Biomedical Inc ROCO:6973
12 GF Score
Price NT$33.75
! 2 Warning Signs
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What is U-Neuron Biomedical Piotroski F-Score?

U-Neuron Biomedical ROCO:6973 12 Piotroski F-Score is 3 as of Jul. 12, 2026, which is at its 10-year median of 3.00. GuruFocus rates ROCO:6973 with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 1,333 Biotechnology companies, U-Neuron Biomedical ranks better than 54.69% 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

U-Neuron Biomedical 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 U-Neuron Biomedical's Piotroski F-Score or its related term are showing as below:

ROCO:6973' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 3

During the past 6 years, the highest Piotroski F-Score of U-Neuron Biomedical was 5. The lowest was 2. And the median was 3.

U-Neuron Biomedical  (ROCO:6973) 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.


U-Neuron Biomedical Piotroski F-Score Related Terms


U-Neuron Biomedical Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for U-Neuron Biomedical'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.

U-Neuron Biomedical Piotroski F-Score Chart

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

U-Neuron Biomedical Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 0.00 5.00 0.00 3.00

ROCO:6973 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, U-Neuron Biomedical'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.


U-Neuron Biomedical Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, U-Neuron Biomedical's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where U-Neuron Biomedical's Piotroski F-Score falls into.


ROCO:6973
12GF Score
U-Neuron Biomedical Inc ROCO:6973
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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$-55.29 Mil.
Cash Flow from Operations was NT$-41.36 Mil.
Revenue was NT$82.66 Mil.
Gross Profit was NT$55.39 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (846.674 + 763.514) / 2 = NT$805.094 Mil.
Total Assets at the begining of this year (Dec24) was NT$846.67 Mil.
Long-Term Debt & Capital Lease Obligation was NT$12.44 Mil.
Total Current Assets was NT$644.59 Mil.
Total Current Liabilities was NT$39.12 Mil.
Net Income was NT$-59.97 Mil.

Revenue was NT$46.21 Mil.
Gross Profit was NT$37.93 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (523.169 + 846.674) / 2 = NT$684.9215 Mil.
Total Assets at the begining of last year (Dec23) was NT$523.17 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0.00 Mil.
Total Current Assets was NT$774.76 Mil.
Total Current Liabilities was NT$34.53 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.

U-Neuron Biomedical's current Net Income (TTM) was -55.29. ==> 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.

U-Neuron Biomedical's current Cash Flow from Operations (TTM) was -41.36. ==> 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)
=-55.294/846.674
=-0.06530731

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-59.967/523.169
=-0.11462262

U-Neuron Biomedical's return on assets of this year was -0.06530731. U-Neuron Biomedical's return on assets of last year was -0.11462262. ==> 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.

U-Neuron Biomedical's current Net Income (TTM) was -55.29. U-Neuron Biomedical's current Cash Flow from Operations (TTM) was -41.36. ==> -41.36 > -55.29 ==> 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
=12.438/805.094
=0.01544913

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/684.9215
=0

U-Neuron Biomedical's gearing of this year was 0.01544913. U-Neuron Biomedical'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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=644.594/39.117
=16.47861544

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=774.763/34.526
=22.43998726

U-Neuron Biomedical's current ratio of this year was 16.47861544. U-Neuron Biomedical's current ratio of last year was 22.43998726. ==> 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.

U-Neuron Biomedical's number of shares in issue this year was 38.863. U-Neuron Biomedical's number of shares in issue last year was 34.003. ==> 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
=55.388/82.663
=0.67004585

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=37.927/46.209
=0.82077085

U-Neuron Biomedical's gross margin of this year was 0.67004585. U-Neuron Biomedical's gross margin of last year was 0.82077085. ==> 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)
=82.663/846.674
=0.09763262

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=46.209/523.169
=0.08832519

U-Neuron Biomedical's asset turnover of this year was 0.09763262. U-Neuron Biomedical's asset turnover of last year was 0.08832519. ==> 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+0+0+0+0+1
=3

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

U-Neuron Biomedical 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?
U-Neuron Biomedical (ROCO:6973) has a Piotroski F-Score of 3 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on U-Neuron Biomedical and its competitors. This is near median its historical median of 3.00. Over the past decade, U-Neuron Biomedical's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, U-Neuron Biomedical ranks #604 out of 1333 companies in the Biotechnology industry, placing it in the top 45.3%.
Is U-Neuron Biomedical's Piotroski F-Score too high?
U-Neuron Biomedical'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 2.00 to a high of 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. U-Neuron Biomedical's value of 3 is 0% at this industry median. Based on the distribution chart, U-Neuron Biomedical ranks #604 out of 1333 companies in the Biotechnology industry, which is above the industry midpoint. Overall, U-Neuron Biomedical has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does U-Neuron Biomedical's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, U-Neuron Biomedical ranks #604 out of 1333 companies for Piotroski F-Score. This puts U-Neuron Biomedical in the upper half of its industry. The industry median Piotroski F-Score is 3.00. U-Neuron Biomedical's value of 3 is 0% at this benchmark. Historically, U-Neuron Biomedical'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 3.00 vs. the industry median of 3.00, U-Neuron Biomedical 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,333 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. U-Neuron Biomedical's current Piotroski F-Score of 3 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 U-Neuron Biomedical 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. U-Neuron Biomedical'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 U-Neuron Biomedical stock overvalued right now?
U-Neuron Biomedical (ROCO:6973) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Biotechnology industry median of 3.00. U-Neuron Biomedical's overall GF Score™ is 12/100 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 U-Neuron Biomedical (ROCO:6973), the current Piotroski F-Score is 3 as of Jul. 12, 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.

U-Neuron Biomedical Business Description

Address Xintai 5th Road, 18th Floor-5, No. 99, Section. 1, Xizhi District, New Taipei City, TWN, 22175
U-Neuron Biomedical Inc is engaged in research and development of stem cell storage & separation technology, and treatment application technology. It has patent on the Technology of Culture and Isolation of Amniotic Fluid Stem Cell.
12GF Score

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

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