Honor Seiki Co (ROCO:7709) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 14% Below Median


ROCO:7709 Honor Seiki Co Ltd ROCO:7709
47 GF Score
Price NT$84.70
! 5 Warning Signs
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What is Honor Seiki Co Piotroski F-Score?

Honor Seiki Co ROCO:7709 -2.19% 47 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ROCO:7709 with a GF Score™ of 47/100. The stock has 5 warning signs investors should review. Among 2,971 Industrial Products companies, Honor Seiki Co ranks better than 75.43% 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

Honor Seiki Co 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 Honor Seiki Co's Piotroski F-Score or its related term are showing as below:

ROCO:7709' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of Honor Seiki Co was 7. The lowest was 6. And the median was 7.

Honor Seiki Co  (ROCO:7709) 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.


Honor Seiki Co Piotroski F-Score Related Terms


Honor Seiki Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Honor Seiki 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.

Honor Seiki Co Piotroski F-Score Chart

Honor Seiki Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 7.00 6.00

Honor Seiki Co Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 7.00 N/A 7.00 N/A 6.00

ROCO:7709 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Honor Seiki 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.


Honor Seiki Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Honor Seiki Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:7709
47GF Score
Honor Seiki Co Ltd ROCO:7709
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 30.762 + -13.993 + 18.097 + 60.433 = NT$95 Mil.
Cash Flow from Operations was 108.668 + 66.813 + -0.683 + 97.045 = NT$272 Mil.
Revenue was 172.071 + 277.887 + 200.019 + 352.601 = NT$1,003 Mil.
Gross Profit was 46.732 + 83.485 + 48.576 + 106.798 = NT$286 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2273.101 + 2287.273 + 2303.647 + 2255.168 + 2306.009) / 5 = NT$2285.0396 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,273 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1 Mil.
Total Current Assets was NT$1,482 Mil.
Total Current Liabilities was NT$607 Mil.
Net Income was 33.145 + 45.729 + 46.903 + 53.281 = NT$179 Mil.

Revenue was 225.225 + 383.09 + 433.502 + 414.597 = NT$1,456 Mil.
Gross Profit was 52.042 + 97.207 + 90.864 + 117.162 = NT$357 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(2433.516 + 0 + 2357.964 + 2278.085 + 2273.101) / 5 = NT$2335.6665 Mil.
Total Assets at the begining of last year (Dec23) was NT$2,434 Mil.
Long-Term Debt & Capital Lease Obligation was NT$188 Mil.
Total Current Assets was NT$1,443 Mil.
Total Current Liabilities was NT$625 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.

Honor Seiki Co's current Net Income (TTM) was 95. ==> 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.

Honor Seiki Co's current Cash Flow from Operations (TTM) was 272. ==> 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 (Dec24)
=95.299/2273.101
=0.04192467

ROA (Last Year)=Net Income/Total Assets (Dec23)
=179.058/2433.516
=0.07357996

Honor Seiki Co's return on assets of this year was 0.04192467. Honor Seiki Co's return on assets of last year was 0.07357996. ==> 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.

Honor Seiki Co's current Net Income (TTM) was 95. Honor Seiki Co's current Cash Flow from Operations (TTM) was 272. ==> 272 > 95 ==> 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
=1.037/2285.0396
=0.00045382

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=187.686/2335.6665
=0.08035651

Honor Seiki Co's gearing of this year was 0.00045382. Honor Seiki Co's gearing of last year was 0.08035651. ==> 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
=1482.445/606.887
=2.4427035

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1442.656/624.67
=2.309469

Honor Seiki Co's current ratio of this year was 2.4427035. Honor Seiki Co's current ratio of last year was 2.309469. ==> 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.

Honor Seiki Co's number of shares in issue this year was 40.138. Honor Seiki Co's number of shares in issue last year was 34.502. ==> 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
=285.591/1002.578
=0.28485664

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=357.275/1456.414
=0.24531143

Honor Seiki Co's gross margin of this year was 0.28485664. Honor Seiki Co's gross margin of last year was 0.24531143. ==> 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)
=1002.578/2273.101
=0.44106179

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1456.414/2433.516
=0.59848137

Honor Seiki Co's asset turnover of this year was 0.44106179. Honor Seiki Co's asset turnover of last year was 0.59848137. ==> 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+1+1+0+1+0
=6

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

Honor Seiki Co 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?
Honor Seiki Co (ROCO:7709) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Honor Seiki Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Honor Seiki Co's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Honor Seiki Co ranks #730 out of 2971 companies in the Industrial Products industry, placing it in the top 24.6%.
Is Honor Seiki Co's Piotroski F-Score too high?
Honor Seiki Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Honor Seiki Co's value of 6 is 20% above this industry median. Based on the distribution chart, Honor Seiki Co ranks #730 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Honor Seiki Co has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Honor Seiki Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Honor Seiki Co ranks #730 out of 2971 companies for Piotroski F-Score. This places Honor Seiki Co in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Honor Seiki Co's value of 6 is 20% above this benchmark. Historically, Honor Seiki Co's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Honor Seiki Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,971 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. Honor Seiki Co'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 Honor Seiki Co and its competitors. For the Industrial Products 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. Honor Seiki Co's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honor Seiki Co stock overvalued right now?
Honor Seiki Co (ROCO:7709) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Industrial Products industry median of 5.00. Honor Seiki Co's overall GF Score™ is 47/100 with 5 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 Honor Seiki Co (ROCO:7709), the current Piotroski F-Score is 6 as of Jun. 29, 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.

Honor Seiki Co Business Description

Address No. 6, Zhongshan Road, Section II, Hunei District, Kaohsiung, TWN
Honor Seiki Co Ltd is engaged in the business of manufacturing, trading, designing, and installing various hardware and mechanical products. It mainly focuses on the production of Vertical lathes, and its main product offerings are CNC Vertical Lathe, CNC Vertical Turning Center and, CNC Vertical Grinding Machine, CNC Planar Turning/Milling/Grinding Center, and CNC special-purpose machines.
47GF Score

Get the complete analysis for ROCO:7709

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

NT$84.70
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