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Her Chee Industrial CoROCO:8937 +7.37%45 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates ROCO:8937 with a GF Score™ of 45/100 and a GF Value™ of NT$60.28 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,291 Vehicles & Parts companies, Her Chee Industrial Co ranks better than 50.66% 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
Her Chee Industrial 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 Her Chee Industrial Co's Piotroski F-Score or its related term are showing as below:
ROCO:8937'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Her Chee Industrial Co was 8. The lowest was 1. And the median was 4.
Her Chee Industrial Co (ROCO:8937) 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.
Her Chee Industrial Co Piotroski F-Score Related Terms
Her Chee Industrial Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Her Chee Industrial 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.
ROCO:8937 vs BC, PII, THO: Piotroski F-Score Comparison
For the Recreational Vehicles subindustry, Her Chee Industrial 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.
Her Chee Industrial Co Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Her Chee Industrial Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Her Chee Industrial 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 22.725 + 92.239 + -29.371 + -59.394 = NT$26.2 Mil. Cash Flow from Operations was -31.397 + -42.168 + -38.859 + -155.775 = NT$-268.2 Mil. Revenue was 12.976 + 12.342 + 172.762 + 230.761 = NT$428.8 Mil. Gross Profit was -12.407 + -12.324 + 43.861 + 48.779 = NT$67.9 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2677.434 + 4597.995 + 4741.39 + 5271.514 + 6038.347) / 5 = NT$4665.336 Mil. Total Assets at the begining of this year (Jun25) was NT$2,677.4 Mil. Long-Term Debt & Capital Lease Obligation was NT$126.9 Mil. Total Current Assets was NT$590.1 Mil. Total Current Liabilities was NT$3,127.4 Mil.
Net Income was -28.804 + 12.575 + -7.543 + -181.397 = NT$-205.2 Mil.
Revenue was 36.244 + 22.414 + 22.207 + 18.143 = NT$99.0 Mil. Gross Profit was -1.487 + -0.056 + -4.556 + -8.975 = NT$-15.1 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1478.315 + 1568.556 + 1558.844 + 2875.93 + 2677.434) / 5 = NT$2031.8158 Mil. Total Assets at the begining of last year (Jun24) was NT$1,478.3 Mil. Long-Term Debt & Capital Lease Obligation was NT$270.5 Mil. Total Current Assets was NT$1,530.0 Mil. Total Current Liabilities was NT$442.6 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.
Her Chee Industrial Co's current Net Income (TTM) was 26.2.
==> 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.
Her Chee Industrial Co's current Cash Flow from Operations (TTM) was -268.2.
==> 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.
Her Chee Industrial Co's return on assets of this year was 0.00978512. Her Chee Industrial Co's return on assets of last year was -0.13878571.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Her Chee Industrial Co's gearing of this year was 0.02720812. Her Chee Industrial Co's gearing of last year was 0.13315626.
==> 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
Her Chee Industrial Co's current ratio of this year was 0.18869986. Her Chee Industrial Co's current ratio of last year was 3.45670302.
==> 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.
Her Chee Industrial Co's number of shares in issue this year was 424.243. Her Chee Industrial Co's number of shares in issue last year was 403.104.
==> 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.
Her Chee Industrial Co's gross margin of this year was 0.15835473. Her Chee Industrial Co's gross margin of last year was -0.15225032.
==> 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
Her Chee Industrial Co's asset turnover of this year was 0.16016865. Her Chee Industrial Co's asset turnover of last year was 0.06697355.
==> 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
Her Chee Industrial Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Her Chee Industrial Co (ROCO:8937) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Her Chee Industrial Co and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Her Chee Industrial Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Her Chee Industrial Co ranks #637 out of 1291 companies in the Vehicles & Parts industry, placing it in the top 49.3%.
Is Her Chee Industrial Co's Piotroski F-Score too high?
Her Chee Industrial 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 1.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Her Chee Industrial Co's value of 5 is 0% at this industry median. Based on the distribution chart, Her Chee Industrial Co ranks #637 out of 1291 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Her Chee Industrial Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Her Chee Industrial Co's Piotroski F-Score compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Her Chee Industrial Co ranks #637 out of 1291 companies for Piotroski F-Score. This puts Her Chee Industrial Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Her Chee Industrial Co's value of 5 is 0% at this benchmark. Historically, Her Chee Industrial Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Her Chee Industrial Co 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,291 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. Her Chee Industrial Co's current Piotroski F-Score of 5 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 Her Chee Industrial Co and its competitors. For the Vehicles & Parts 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. Her Chee Industrial 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 Her Chee Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Her Chee Industrial Co (ROCO:8937) is currently considered Possible Value Trap. The stock's GF Value™ is NT$60.28, compared to a current price of NT$28.40 — trading 52.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Vehicles & Parts industry median of 5.00. Her Chee Industrial Co's overall GF Score™ is 45/100 with 8 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 Her Chee Industrial Co (ROCO:8937), the current Piotroski F-Score is 5 as of Aug. 30, 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 Her Chee Industrial Co (ROCO:8937) Overvalued in 2026?
Based on GuruFocus' analysis, Her Chee Industrial Co stock appears to be undervalued.
The current stock price of NT$28.40 is trading 52.9% below its estimated GF Value™ of NT$60.28.
GuruFocus considers Her Chee Industrial Co to be Possible Value Trap.
Key valuation signals for ROCO:8937:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: NT$60.28 vs. price of NT$28.40 (52.9% below fair value)
Industry Position: 0% at the Vehicles & Parts median (#637 of 1291)
No single metric tells the full story. See the ROCO:8937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Her Chee Industrial Co Ltd is mainly engaged in the production of locomotives, locomotive leads, electric locomotives, and other means of transportation, as well as the sale and purchase of parts, and international trade.
45GF Score
Get the complete analysis for ROCO:8937
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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