Sun Yad Construction Co (TPE:1316) Piotroski F-Score: 3 (As of Aug. 24, 2026) — Near Median

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TPE:1316 Sun Yad Construction Co Ltd TPE:1316
57 GF Score
Price NT$11.20
GF Value NT$39.24
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Sun Yad Construction Co Piotroski F-Score?

Sun Yad Construction Co TPE:1316 +5.16% 57 Piotroski F-Score is 3 as of Aug. 24, 2026, which is at its 10-year median of 3.00. GuruFocus rates TPE:1316 with a GF Score™ of 57/100 and a GF Value™ of NT$39.24 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,752 Real Estate companies, Sun Yad Construction Co ranks worse than 82.02% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Sun Yad Construction Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TPE:1316' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of Sun Yad Construction Co was 9. The lowest was 1. And the median was 3.

Sun Yad Construction Co  (TPE:1316) 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.


Sun Yad Construction Co Piotroski F-Score Related Terms


Sun Yad Construction Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Yad Construction 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.

Sun Yad Construction Co Piotroski F-Score Chart

Sun Yad Construction 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 1.00 5.00 1.00 3.00 5.00

Sun Yad Construction Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.00 2.00 3.00 5.00 3.00

TPE:1316 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Sun Yad Construction 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.


Sun Yad Construction Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sun Yad Construction Co's Piotroski F-Score distribution charts can be found below:

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


TPE:1316
57GF Score
Sun Yad Construction Co Ltd TPE:1316
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -91.304 + -43.985 + 61.38 + -63.701 = NT$-138 Mil.
Cash Flow from Operations was -19.872 + 118.038 + -14.568 + -566.493 = NT$-483 Mil.
Revenue was 948.788 + 1111.23 + 1582.982 + 1897.267 = NT$5,540 Mil.
Gross Profit was 388.724 + 527.64 + 485.161 + 610.043 = NT$2,012 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(19779.444 + 19609.159 + 21539.156 + 24819.796 + 26109.463) / 5 = NT$22371.4036 Mil.
Total Assets at the begining of this year (Mar25) was NT$19,779 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,240 Mil.
Total Current Assets was NT$17,988 Mil.
Total Current Liabilities was NT$10,662 Mil.
Net Income was 13.575 + -32.006 + -117.251 + -106.558 = NT$-242 Mil.

Revenue was 372.961 + 363.009 + 526.332 + 761.254 = NT$2,024 Mil.
Gross Profit was 138.496 + 90.164 + 184.019 + 415.67 = NT$828 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(12957.621 + 14283.016 + 16136.718 + 18033.1 + 19779.444) / 5 = NT$16237.9798 Mil.
Total Assets at the begining of last year (Mar24) was NT$12,958 Mil.
Long-Term Debt & Capital Lease Obligation was NT$978 Mil.
Total Current Assets was NT$15,101 Mil.
Total Current Liabilities was NT$8,586 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.

Sun Yad Construction Co's current Net Income (TTM) was -138. ==> 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.

Sun Yad Construction Co's current Cash Flow from Operations (TTM) was -483. ==> 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 (Mar25)
=-137.61/19779.444
=-0.00695722

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-242.24/12957.621
=-0.01869479

Sun Yad Construction Co's return on assets of this year was -0.00695722. Sun Yad Construction Co's return on assets of last year was -0.01869479. ==> 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.

Sun Yad Construction Co's current Net Income (TTM) was -138. Sun Yad Construction Co's current Cash Flow from Operations (TTM) was -483. ==> -483 <= -138 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1240.303/22371.4036
=0.05544145

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=978.137/16237.9798
=0.0602376

Sun Yad Construction Co's gearing of this year was 0.05544145. Sun Yad Construction Co's gearing of last year was 0.0602376. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=17988.375/10662.365
=1.68709053

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15101.163/8586.111
=1.75878963

Sun Yad Construction Co's current ratio of this year was 1.68709053. Sun Yad Construction Co's current ratio of last year was 1.75878963. ==> 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.

Sun Yad Construction Co's number of shares in issue this year was 335.268. Sun Yad Construction Co's number of shares in issue last year was 313.406. ==> 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
=2011.568/5540.267
=0.36308142

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=828.349/2023.556
=0.40935314

Sun Yad Construction Co's gross margin of this year was 0.36308142. Sun Yad Construction Co's gross margin of last year was 0.40935314. ==> 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 (Mar25)
=5540.267/19779.444
=0.28010226

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2023.556/12957.621
=0.15616725

Sun Yad Construction Co's asset turnover of this year was 0.28010226. Sun Yad Construction Co's asset turnover of last year was 0.15616725. ==> 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+0+1+0+0+0+1
=3

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

Sun Yad Construction Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Sun Yad Construction Co (TPE:1316) has a Piotroski F-Score of 3 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Yad Construction Co and its competitors. This is near median its historical median of 3.00. Over the past decade, Sun Yad Construction Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Sun Yad Construction Co ranks #1437 out of 1752 companies in the Real Estate industry, placing it in the top 82%.
Is Sun Yad Construction Co's Piotroski F-Score too high?
Sun Yad Construction Co's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Real Estate industry median Piotroski F-Score is 5.00. Sun Yad Construction Co's value of 3 is 40% below this industry median. Based on the distribution chart, Sun Yad Construction Co ranks #1437 out of 1752 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sun Yad Construction Co has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sun Yad Construction Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Sun Yad Construction Co ranks #1437 out of 1752 companies for Piotroski F-Score. This places Sun Yad Construction Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sun Yad Construction Co's value of 3 is 40% below this benchmark. Historically, Sun Yad Construction Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Sun Yad Construction Co 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,752 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. Sun Yad Construction Co's current Piotroski F-Score of 3 is 40% 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 Sun Yad Construction Co and its competitors. For the Real Estate 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. Sun Yad Construction Co's current Piotroski F-Score is 3, which is near 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 Sun Yad Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Yad Construction Co (TPE:1316) is currently considered Possible Value Trap. The stock's GF Value™ is NT$39.24, compared to a current price of NT$11.20 — trading 71.5% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Real Estate industry median of 5.00. Sun Yad Construction Co's overall GF Score™ is 57/100 with 9 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 Sun Yad Construction Co (TPE:1316), the current Piotroski F-Score is 3 as of Aug. 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.

Is Sun Yad Construction Co (TPE:1316) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Yad Construction Co stock appears to be undervalued. The current stock price of NT$11.20 is trading 71.5% below its estimated GF Value™ of NT$39.24. GuruFocus considers Sun Yad Construction Co to be Possible Value Trap.

Key valuation signals for TPE:1316:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: NT$39.24 vs. price of NT$11.20 (71.5% below fair value)
  • GF Score™: 57/100 with 9 warning signs
  • Industry Position: 40% below the Real Estate median (#1437 of 1752)

No single metric tells the full story. See the TPE:1316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun Yad Construction Co Business Description

Address Sec. 2, Yong Hua Road, 20-6 Floor, No. 248, Anping District, Tainan, TWN
Sun Yad Construction Co Ltd is engaged in housing and building development and rental. The company's segment includes SUN YAD; U-BEST; FEEI; HSIN-LI; Shangyu; BOROMI; MYSON CENTURY, INC, Pony Leather Corporation and others. It generates Key revenue from U-BEST. Geographically, it derives a majority of its revenue from Taiwan.
57GF Score

Get the complete analysis for TPE:1316

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

NT$11.20
Price
NT$39.24
GF Value