Tittot Co (ROCO:9949) Piotroski F-Score: 5 (As of Jul. 05, 2026) — Near Median


ROCO:9949 Tittot Co Ltd ROCO:9949
56 GF Score
Price NT$26.80
GF Value NT$14.82
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tittot Co Piotroski F-Score?

Tittot Co ROCO:9949 -1.47% 56 Piotroski F-Score is 5 as of Jul. 05, 2026, which is at its 10-year median of 5.00. GuruFocus rates ROCO:9949 with a GF Score™ of 56/100 and a GF Value™ of NT$14.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Tittot Co ranks better than 52.01% 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

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

ROCO:9949' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Tittot Co was 7. The lowest was 2. And the median was 5.

Tittot Co  (ROCO:9949) 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.


Tittot Co Piotroski F-Score Related Terms


Tittot Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tittot 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.

Tittot Co Piotroski F-Score Chart

Tittot Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 5.00 2.00 5.00

Tittot Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 1.00 2.00 3.00 5.00

ROCO:9949 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Tittot 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.


Tittot Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tittot Co's Piotroski F-Score distribution charts can be found below:

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


ROCO:9949
56GF Score
Tittot Co Ltd ROCO:9949
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 -10.636 + -35.583 + 288.388 + -9.385 = NT$232.8 Mil.
Cash Flow from Operations was -48.221 + -31.969 + 6.335 + 5.352 = NT$-68.5 Mil.
Revenue was 35.831 + 29.271 + 29.937 + 45.633 = NT$140.7 Mil.
Gross Profit was 20.704 + 17.11 + 22.661 + 29.59 = NT$90.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(813.094 + 772.425 + 704.934 + 660.381 + 675.507) / 5 = NT$725.2682 Mil.
Total Assets at the begining of this year (Dec24) was NT$813.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$18.7 Mil.
Total Current Assets was NT$553.7 Mil.
Total Current Liabilities was NT$80.7 Mil.
Net Income was -4.562 + -5.794 + -10.522 + -31.337 = NT$-52.2 Mil.

Revenue was 42.747 + 41.976 + 32.657 + 52.105 = NT$169.5 Mil.
Gross Profit was 28.196 + 27.549 + 21.003 + 9.481 = NT$86.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(451.397 + 442.481 + 447.531 + 496.132 + 813.094) / 5 = NT$530.127 Mil.
Total Assets at the begining of last year (Dec23) was NT$451.4 Mil.
Long-Term Debt & Capital Lease Obligation was NT$34.3 Mil.
Total Current Assets was NT$596.6 Mil.
Total Current Liabilities was NT$451.9 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.

Tittot Co's current Net Income (TTM) was 232.8. ==> 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.

Tittot Co's current Cash Flow from Operations (TTM) was -68.5. ==> 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)
=232.784/813.094
=0.28629408

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-52.215/451.397
=-0.11567423

Tittot Co's return on assets of this year was 0.28629408. Tittot Co's return on assets of last year was -0.11567423. ==> 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.

Tittot Co's current Net Income (TTM) was 232.8. Tittot Co's current Cash Flow from Operations (TTM) was -68.5. ==> -68.5 <= 232.8 ==> CFROA <= ROA ==> Score 0.

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
=18.712/725.2682
=0.02580011

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=34.278/530.127
=0.06465998

Tittot Co's gearing of this year was 0.02580011. Tittot Co's gearing of last year was 0.06465998. ==> 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
=553.746/80.725
=6.85965934

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=596.569/451.885
=1.32017881

Tittot Co's current ratio of this year was 6.85965934. Tittot Co's current ratio of last year was 1.32017881. ==> 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.

Tittot Co's number of shares in issue this year was 46.306. Tittot Co's number of shares in issue last year was 44.033. ==> 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
=90.065/140.672
=0.64024824

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=86.229/169.485
=0.50877069

Tittot Co's gross margin of this year was 0.64024824. Tittot Co's gross margin of last year was 0.50877069. ==> 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)
=140.672/813.094
=0.17300829

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=169.485/451.397
=0.37546771

Tittot Co's asset turnover of this year was 0.17300829. Tittot Co's asset turnover of last year was 0.37546771. ==> 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+0+1+0+1+1+0+1+0
=5

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

Tittot 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?
Tittot Co (ROCO:9949) has a Piotroski F-Score of 5 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tittot Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Tittot Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Tittot Co ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Tittot Co's Piotroski F-Score too high?
Tittot Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Tittot Co's value of 5 is 0% at this industry median. Based on the distribution chart, Tittot Co ranks #918 out of 1913 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Tittot Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tittot Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Tittot Co ranks #918 out of 1913 companies for Piotroski F-Score. This puts Tittot Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tittot Co's value of 5 is 0% at this benchmark. Historically, Tittot Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tittot 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,913 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. Tittot 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 Tittot Co and its competitors. For the Consumer Packaged Goods 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. Tittot Co's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tittot Co stock overvalued right now?
Based on GuruFocus' analysis, Tittot Co (ROCO:9949) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.82, compared to a current price of NT$26.80 — trading 80.8% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Tittot Co's overall GF Score™ is 56/100 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 Tittot Co (ROCO:9949), the current Piotroski F-Score is 5 as of Jul. 05, 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 Tittot Co (ROCO:9949) Overvalued in 2026?

Based on GuruFocus' analysis, Tittot Co stock appears to be overvalued. The current stock price of NT$26.80 is trading 80.8% above its estimated GF Value™ of NT$14.82. GuruFocus considers Tittot Co to be Significantly Overvalued.

Key valuation signals for ROCO:9949:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: NT$14.82 vs. price of NT$26.80 (80.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1913)

No single metric tells the full story. See the ROCO:9949 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tittot Co Business Description

Address No.80, Section 1, Chenggong Road, 22nd Floor, Yonghe District, New Taipei City, TWN, 23452
Tittot Co Ltd is engaged in the design, processing and manufacturing of crystal glass, plaster, wax and other arts and crafts, as well as books, Trading business of video tapes, art exhibition industry and exhibition service industry, etc.
56GF Score

Get the complete analysis for ROCO:9949

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

NT$26.80
Price
NT$14.82
GF Value