SELXF (Semilux International) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Above Median


What is Semilux International Piotroski F-Score?

Semilux International SELXF -16.51% Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% above its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 2,425 Hardware companies, Semilux International ranks worse than 62.31% 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

Semilux International has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

SELXF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 4

During the past 4 years, the highest Piotroski F-Score of Semilux International was 4. The lowest was 2. And the median was 3.

Semilux International  (OTCPK:SELXF) 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.


Semilux International Piotroski F-Score Related Terms


Semilux International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Semilux International'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.

Semilux International Piotroski F-Score Chart

Semilux International Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 2.00 4.00

Semilux International Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25
Piotroski F-Score Get a 7-Day Free Trial N/A 2.00 0.00 4.00 N/A

SELXF vs MSAI, MTEK, GAUZ: Piotroski F-Score Comparison

For the Electronic Components subindustry, Semilux International'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.


Semilux International Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Semilux International's Piotroski F-Score distribution charts can be found below:

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


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was $-3.70 Mil.
Cash Flow from Operations was $0.07 Mil.
Revenue was $3.69 Mil.
Gross Profit was $-0.87 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (14.365 + 9.675) / 2 = $12.02 Mil.
Total Assets at the begining of this year (Dec23) was $14.37 Mil.
Long-Term Debt & Capital Lease Obligation was $1.36 Mil.
Total Current Assets was $7.40 Mil.
Total Current Liabilities was $6.91 Mil.
Net Income was $-1.60 Mil.

Revenue was $1.05 Mil.
Gross Profit was $-0.49 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (17.847 + 14.365) / 2 = $16.106 Mil.
Total Assets at the begining of last year (Dec22) was $17.85 Mil.
Long-Term Debt & Capital Lease Obligation was $1.38 Mil.
Total Current Assets was $11.36 Mil.
Total Current Liabilities was $3.93 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.

Semilux International's current Net Income (TTM) was -3.70. ==> 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.

Semilux International's current Cash Flow from Operations (TTM) was 0.07. ==> 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 (Dec23)
=-3.703/14.365
=-0.25777932

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-1.601/17.847
=-0.08970695

Semilux International's return on assets of this year was -0.25777932. Semilux International's return on assets of last year was -0.08970695. ==> 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.

Semilux International's current Net Income (TTM) was -3.70. Semilux International's current Cash Flow from Operations (TTM) was 0.07. ==> 0.07 > -3.70 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.358/12.02
=0.11297837

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1.381/16.106
=0.08574444

Semilux International's gearing of this year was 0.11297837. Semilux International's gearing of last year was 0.08574444. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=7.404/6.913
=1.0710256

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=11.355/3.93
=2.88931298

Semilux International's current ratio of this year was 1.0710256. Semilux International's current ratio of last year was 2.88931298. ==> 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.

Semilux International's number of shares in issue this year was 37.595. Semilux International's number of shares in issue last year was 30.16. ==> 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
=-0.874/3.691
=-0.2367922

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.487/1.051
=-0.46336822

Semilux International's gross margin of this year was -0.2367922. Semilux International's gross margin of last year was -0.46336822. ==> 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 (Dec23)
=3.691/14.365
=0.25694396

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1.051/17.847
=0.05888945

Semilux International's asset turnover of this year was 0.25694396. Semilux International's asset turnover of last year was 0.05888945. ==> 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+1+0+1+0+0+0+1+1
=4

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

Semilux International has an F-score of 4 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 4 mean?
Semilux International (SELXF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Semilux International and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Semilux International's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Semilux International ranks #1511 out of 2425 companies in the Hardware industry, placing it in the top 62.3%.
Is Semilux International's Piotroski F-Score too high?
Semilux International's current Piotroski F-Score of 4 is 33% above 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 4.00. The Hardware industry median Piotroski F-Score is 5.00. Semilux International's value of 4 is 20% below this industry median. Based on the distribution chart, Semilux International ranks #1511 out of 2425 companies in the Hardware industry, which is below the industry midpoint.
How does Semilux International's Piotroski F-Score compare to MSAI and MTEK?
According to the Hardware industry distribution chart, Semilux International ranks #1511 out of 2425 companies for Piotroski F-Score. This places Semilux International in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Semilux International's value of 4 is 20% below this benchmark. Historically, Semilux International's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Semilux International has consistently been below 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,425 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. Semilux International's current Piotroski F-Score of 4 is 20% below 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 Semilux International and its competitors. For the Hardware 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. Semilux International's current Piotroski F-Score is 4, which is 33% above 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 Semilux International stock overvalued right now?
Semilux International (SELXF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Hardware industry median of 5.00. 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 Semilux International (SELXF), the current Piotroski F-Score is 4 as of Jun. 24, 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.

Semilux International Business Description

Address No. 32, Keya Road, 4th Floor, Daya District, Central Taiwan Science Park, Taichung, TWN, 42881
Semilux International Ltd is a company that operates through its subsidiaries which is an optical and 3D sensing technology company that is involved in the customization, design and supply of optical components and integrated chip for various industries including autonomous driving, intelligent lighting, as well as unmanned aerial vehicles. In collaboration with clients, TCO conceptualizes and produces high precision optics and sensing modules that are specifically customized to clients' needs for ease of integration in overall design and production. Applications for TCO's products include automotive laser headlight systems, adaptive driving beams (ADB) as well as light detection and autonomous driving systems (LiDAR).