FullHope Biomedical Co (ROCO:7773) Piotroski F-Score: 5 (As of Jul. 12, 2026) — 25% Above Median


ROCO:7773 FullHope Biomedical Co Ltd ROCO:7773
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What is FullHope Biomedical Co Piotroski F-Score?

FullHope Biomedical Co ROCO:7773 14 Piotroski F-Score is 5 as of Jul. 12, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates ROCO:7773 with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 1,333 Biotechnology companies, FullHope Biomedical Co ranks better than 84.77% 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

FullHope Biomedical Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

ROCO:7773' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of FullHope Biomedical Co was 5. The lowest was 3. And the median was 4.

FullHope Biomedical Co  (ROCO:7773) 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.


FullHope Biomedical Co Piotroski F-Score Related Terms


FullHope Biomedical Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FullHope Biomedical 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.

FullHope Biomedical Co Piotroski F-Score Chart

FullHope Biomedical Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 3.00 5.00

FullHope Biomedical Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 4.00 0.00 3.00 0.00 5.00

ROCO:7773 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, FullHope Biomedical 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.


FullHope Biomedical Co Piotroski F-Score vs Biotechnology Industry

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

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


ROCO:7773
14GF Score
FullHope Biomedical Co Ltd ROCO:7773
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$-38.95 Mil.
Cash Flow from Operations was NT$-23.70 Mil.
Revenue was NT$43.60 Mil.
Gross Profit was NT$33.05 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (610.908 + 571.447) / 2 = NT$591.1775 Mil.
Total Assets at the begining of this year (Dec24) was NT$610.91 Mil.
Long-Term Debt & Capital Lease Obligation was NT$3.08 Mil.
Total Current Assets was NT$343.30 Mil.
Total Current Liabilities was NT$17.23 Mil.
Net Income was NT$-55.91 Mil.

Revenue was NT$20.51 Mil.
Gross Profit was NT$13.51 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (604.124 + 610.908) / 2 = NT$607.516 Mil.
Total Assets at the begining of last year (Dec23) was NT$604.12 Mil.
Long-Term Debt & Capital Lease Obligation was NT$7.57 Mil.
Total Current Assets was NT$572.53 Mil.
Total Current Liabilities was NT$18.19 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.

FullHope Biomedical Co's current Net Income (TTM) was -38.95. ==> 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.

FullHope Biomedical Co's current Cash Flow from Operations (TTM) was -23.70. ==> 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)
=-38.946/610.908
=-0.06375101

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-55.906/604.124
=-0.0925406

FullHope Biomedical Co's return on assets of this year was -0.06375101. FullHope Biomedical Co's return on assets of last year was -0.0925406. ==> 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.

FullHope Biomedical Co's current Net Income (TTM) was -38.95. FullHope Biomedical Co's current Cash Flow from Operations (TTM) was -23.70. ==> -23.70 > -38.95 ==> 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
=3.08/591.1775
=0.00520994

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=7.565/607.516
=0.01245235

FullHope Biomedical Co's gearing of this year was 0.00520994. FullHope Biomedical Co's gearing of last year was 0.01245235. ==> 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
=343.302/17.229
=19.92582274

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=572.531/18.194
=31.46812136

FullHope Biomedical Co's current ratio of this year was 19.92582274. FullHope Biomedical Co's current ratio of last year was 31.46812136. ==> 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.

FullHope Biomedical Co's number of shares in issue this year was 39.911. FullHope Biomedical Co's number of shares in issue last year was 39.188. ==> 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
=33.048/43.6
=0.75798165

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.514/20.505
=0.65905877

FullHope Biomedical Co's gross margin of this year was 0.75798165. FullHope Biomedical Co's gross margin of last year was 0.65905877. ==> 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)
=43.6/610.908
=0.07136918

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=20.505/604.124
=0.03394171

FullHope Biomedical Co's asset turnover of this year was 0.07136918. FullHope Biomedical Co's asset turnover of last year was 0.03394171. ==> 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+1+0+0+1+1
=5

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

FullHope Biomedical Co has an F-score of 5 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 5 mean?
FullHope Biomedical Co (ROCO:7773) has a Piotroski F-Score of 5 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FullHope Biomedical Co and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, FullHope Biomedical Co's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, FullHope Biomedical Co ranks #203 out of 1333 companies in the Biotechnology industry, placing it in the top 15.2%.
Is FullHope Biomedical Co's Piotroski F-Score too high?
FullHope Biomedical Co's current Piotroski F-Score of 5 is 25% above 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 Biotechnology industry median Piotroski F-Score is 3.00. FullHope Biomedical Co's value of 5 is 66.7% above this industry median. Based on the distribution chart, FullHope Biomedical Co ranks #203 out of 1333 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, FullHope Biomedical Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does FullHope Biomedical Co's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, FullHope Biomedical Co ranks #203 out of 1333 companies for Piotroski F-Score. This places FullHope Biomedical Co in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. FullHope Biomedical Co's value of 5 is 66.7% above this benchmark. Historically, FullHope Biomedical 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 3.00, FullHope Biomedical 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 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. FullHope Biomedical Co's current Piotroski F-Score of 5 is 66.7% 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 FullHope Biomedical 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. FullHope Biomedical Co's current Piotroski F-Score is 5, which is 25% above 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 FullHope Biomedical Co stock overvalued right now?
FullHope Biomedical Co (ROCO:7773) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 66.7% above the Biotechnology industry median of 3.00. FullHope Biomedical Co's overall GF Score™ is 14/100 with 1 warning sign 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 FullHope Biomedical Co (ROCO:7773), the current Piotroski F-Score is 5 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.

FullHope Biomedical Co Business Description

Address Lane 609, Sector. 5, Chongxin Road, 10th Floor, No. 10, Sanchong District, New Taipei City, TWN
FullHope Biomedical Co Ltd focuses on immune system-related services and innovative R&D. It establishes cell-based immunotherapies for cancers and autoimmune disorders. Its services are, Immunoprofiling, Circulating Tumor Cells Testing, Regulation of Cell Therapy, Contracting Immune Cell Manufacturing, Immune Cell Bank, Contract Research Organization, and Endotoxin and Mycoplasma Detection Service.
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