Fwusow Industry Co (TPE:1219) Piotroski F-Score: 6 (As of Jul. 11, 2026) — Near Median


TPE:1219 Fwusow Industry Co Ltd TPE:1219
67 GF Score
Price NT$12.20
GF Value NT$15.63
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Fwusow Industry Co Piotroski F-Score?

Fwusow Industry Co TPE:1219 67 Piotroski F-Score is 6 as of Jul. 11, 2026, which is at its 10-year median of 6.00. GuruFocus rates TPE:1219 with a GF Score™ of 67/100 and a GF Value™ of NT$15.63 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Fwusow Industry Co ranks better than 73.21% 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

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

TPE:1219' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Fwusow Industry Co was 8. The lowest was 2. And the median was 6.

Fwusow Industry Co  (TPE:1219) 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.


Fwusow Industry Co Piotroski F-Score Related Terms


Fwusow Industry Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fwusow Industry 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.

Fwusow Industry Co Piotroski F-Score Chart

Fwusow Industry 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 4.00 4.00 7.00 6.00 6.00

Fwusow Industry 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 6.00 5.00 5.00 4.00 6.00

TPE:1219 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Fwusow Industry 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.


Fwusow Industry Co Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


TPE:1219
67GF Score
Fwusow Industry Co Ltd TPE:1219
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 33 + -12.188 + 64.693 + 69.628 = NT$155 Mil.
Cash Flow from Operations was 532.28 + -9.885 + 164.603 + 202.253 = NT$889 Mil.
Revenue was 3632.935 + 3494.948 + 3468.963 + 3785.148 = NT$14,382 Mil.
Gross Profit was 322.782 + 217.181 + 318.62 + 379.533 = NT$1,238 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(10006.34 + 9654.653 + 9523.031 + 9585.169 + 9645.55) / 5 = NT$9682.9486 Mil.
Total Assets at the begining of this year (Dec24) was NT$10,006 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,466 Mil.
Total Current Assets was NT$4,884 Mil.
Total Current Liabilities was NT$3,164 Mil.
Net Income was 48.681 + 59.971 + 13.121 + 59.566 = NT$181 Mil.

Revenue was 3564.395 + 3469.973 + 3524.649 + 3770.733 = NT$14,330 Mil.
Gross Profit was 330.436 + 318.893 + 307.112 + 376.977 = NT$1,333 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(10185.478 + 9862.263 + 10237.124 + 9875.607 + 10006.34) / 5 = NT$10033.3624 Mil.
Total Assets at the begining of last year (Dec23) was NT$10,185 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,772 Mil.
Total Current Assets was NT$5,422 Mil.
Total Current Liabilities was NT$3,199 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.

Fwusow Industry Co's current Net Income (TTM) was 155. ==> 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.

Fwusow Industry Co's current Cash Flow from Operations (TTM) was 889. ==> 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)
=155.133/10006.34
=0.01550347

ROA (Last Year)=Net Income/Total Assets (Dec23)
=181.339/10185.478
=0.01780368

Fwusow Industry Co's return on assets of this year was 0.01550347. Fwusow Industry Co's return on assets of last year was 0.01780368. ==> 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.

Fwusow Industry Co's current Net Income (TTM) was 155. Fwusow Industry Co's current Cash Flow from Operations (TTM) was 889. ==> 889 > 155 ==> 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
=1466.018/9682.9486
=0.15140202

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1772.472/10033.3624
=0.17665783

Fwusow Industry Co's gearing of this year was 0.15140202. Fwusow Industry Co's gearing of last year was 0.17665783. ==> 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
=4884.046/3164.098
=1.5435824

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=5422.434/3198.773
=1.69516061

Fwusow Industry Co's current ratio of this year was 1.5435824. Fwusow Industry Co's current ratio of last year was 1.69516061. ==> 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.

Fwusow Industry Co's number of shares in issue this year was 341.238. Fwusow Industry Co's number of shares in issue last year was 341.238. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=1238.116/14381.994
=0.08608792

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1333.418/14329.75
=0.09305243

Fwusow Industry Co's gross margin of this year was 0.08608792. Fwusow Industry Co's gross margin of last year was 0.09305243. ==> Last year's gross margin is higher ==> Score 0.

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)
=14381.994/10006.34
=1.43728816

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=14329.75/10185.478
=1.40688046

Fwusow Industry Co's asset turnover of this year was 1.43728816. Fwusow Industry Co's asset turnover of last year was 1.40688046. ==> 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
=1+1+0+1+1+0+1+0+1
=6

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

Fwusow Industry 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?
Fwusow Industry Co (TPE:1219) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fwusow Industry Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Fwusow Industry Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Fwusow Industry Co ranks #512 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.8%.
Is Fwusow Industry Co's Piotroski F-Score too high?
Fwusow Industry Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Fwusow Industry Co's value of 6 is 20% above this industry median. Based on the distribution chart, Fwusow Industry Co ranks #512 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fwusow Industry Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fwusow Industry Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fwusow Industry Co ranks #512 out of 1911 companies for Piotroski F-Score. This puts Fwusow Industry Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Fwusow Industry Co's value of 6 is 20% above this benchmark. Historically, Fwusow Industry Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fwusow Industry 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Fwusow Industry 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 Fwusow Industry 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. Fwusow Industry Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fwusow Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Fwusow Industry Co (TPE:1219) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.63, compared to a current price of NT$12.20 — trading 21.9% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Fwusow Industry Co's overall GF Score™ is 67/100 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 Fwusow Industry Co (TPE:1219), the current Piotroski F-Score is 6 as of Jul. 11, 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 Fwusow Industry Co (TPE:1219) Overvalued in 2026?

Based on GuruFocus' analysis, Fwusow Industry Co stock appears to be undervalued. The current stock price of NT$12.20 is trading 21.9% below its estimated GF Value™ of NT$15.63. GuruFocus considers Fwusow Industry Co to be Modestly Undervalued.

Key valuation signals for TPE:1219:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: NT$15.63 vs. price of NT$12.20 (21.9% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#512 of 1911)

No single metric tells the full story. See the TPE:1219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fwusow Industry Co Business Description

Address No. 45, Shatian Road, Shalu District, Taichung, TWN, 433
Fwusow Industry Co Ltd is engaged in the manufacturing and distribution of food products, feedstuffs, and fertilizers. The company's products include edible oils and fats, cereal foods, aquatic products, pet foods, compound feed, organic fertilizers, and other products. It also engaged in the breeding and processing business of livestock and poultry, warehousing, and the meat slaughter industry. Canned food, frozen food, beverages, condiments (bonito flavor, chicken flavor), dairy products (except goat milk), sugar and sugar products, and other food manufacturing, processing, and trading businesses, and many other business activities.
67GF Score

Get the complete analysis for TPE:1219

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

NT$12.20
Price
NT$15.63
GF Value