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Kwong Fong IndustriesTPE:1416 +1.36%65 Piotroski F-Score is 4 as of Jul. 15, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TPE:1416 with a GF Score™ of 65/100 and a GF Value™ of NT$15.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,735 Software companies, Kwong Fong Industries ranks worse than 60.37% 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
Kwong Fong Industries 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 Kwong Fong Industries's Piotroski F-Score or its related term are showing as below:
TPE:1416'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Kwong Fong Industries was 8. The lowest was 3. And the median was 6.
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.
Kwong Fong Industries Piotroski F-Score Related Terms
Kwong Fong Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kwong Fong Industries'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.
TPE:1416 vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Kwong Fong Industries'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.
Kwong Fong Industries Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Kwong Fong Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kwong Fong Industries'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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was 22.85 + 23.925 + 72.871 + 30.954 = NT$150.6 Mil. Cash Flow from Operations was 13.916 + 31.122 + 73.378 + 60.618 = NT$179.0 Mil. Revenue was 82.193 + 80.628 + 86.293 + 111.038 = NT$360.2 Mil. Gross Profit was 27.29 + 26.764 + 29.073 + 47.876 = NT$131.0 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(5734.701 + 6037.736 + 5729.833 + 5815.514 + 6096.889) / 5 = NT$5882.9346 Mil. Total Assets at the begining of this year (Dec24) was NT$5,734.7 Mil. Long-Term Debt & Capital Lease Obligation was NT$832.5 Mil. Total Current Assets was NT$1,210.2 Mil. Total Current Liabilities was NT$540.2 Mil.
Net Income was 27.915 + 51.555 + 42.163 + 25.297 = NT$146.9 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.
Kwong Fong Industries's current Net Income (TTM) was 150.6.
==> 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.
Kwong Fong Industries's current Cash Flow from Operations (TTM) was 179.0.
==> 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.
Kwong Fong Industries's return on assets of this year was 0.02626118. Kwong Fong Industries's return on assets of last year was 0.03198691.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kwong Fong Industries's gearing of this year was 0.14150523. Kwong Fong Industries's gearing of last year was 0.12720774.
==> 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
Kwong Fong Industries's current ratio of this year was 2.24003776. Kwong Fong Industries's current ratio of last year was 2.2358464.
==> 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.
Kwong Fong Industries's number of shares in issue this year was 185.462. Kwong Fong Industries's number of shares in issue last year was 185.424.
==> 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.
Kwong Fong Industries's gross margin of this year was 0.36374364. Kwong Fong Industries's gross margin of last year was 0.36510369.
==> 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
Kwong Fong Industries's asset turnover of this year was 0.06280223. Kwong Fong Industries's asset turnover of last year was 0.07260525.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kwong Fong Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Kwong Fong Industries (TPE:1416) has a Piotroski F-Score of 4 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kwong Fong Industries and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Kwong Fong Industries' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kwong Fong Industries ranks #1651 out of 2735 companies in the Software industry, placing it in the top 60.4%.
Is Kwong Fong Industries' Piotroski F-Score too high?
Kwong Fong Industries' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Kwong Fong Industries' value of 4 is 20% below this industry median. Based on the distribution chart, Kwong Fong Industries ranks #1651 out of 2735 companies in the Software industry, which is below the industry midpoint. Overall, Kwong Fong Industries has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwong Fong Industries' Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Kwong Fong Industries ranks #1651 out of 2735 companies for Piotroski F-Score. This places Kwong Fong Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kwong Fong Industries' value of 4 is 20% below this benchmark. Historically, Kwong Fong Industries' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kwong Fong Industries 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,735 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. Kwong Fong Industries'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 Kwong Fong Industries and its competitors. For the Software 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. Kwong Fong Industries's current Piotroski F-Score is 4, which is 33% below 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 Kwong Fong Industries stock overvalued right now?
Based on GuruFocus' analysis, Kwong Fong Industries (TPE:1416) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.42, compared to a current price of NT$11.20 — trading 27.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Software industry median of 5.00. Kwong Fong Industries' overall GF Score™ is 65/100 with 6 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 Kwong Fong Industries (TPE:1416), the current Piotroski F-Score is 4 as of Jul. 15, 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 Kwong Fong Industries (TPE:1416) Overvalued in 2026?
Based on GuruFocus' analysis, Kwong Fong Industries stock appears to be undervalued.
The current stock price of NT$11.20 is trading 27.4% below its estimated GF Value™ of NT$15.42.
GuruFocus considers Kwong Fong Industries to be Modestly Undervalued.
Key valuation signals for TPE:1416:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: NT$15.42 vs. price of NT$11.20 (27.4% below fair value)
Industry Position: 20% below the Software median (#1651 of 2735)
No single metric tells the full story. See the TPE:1416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwong Fong Industries Corp main business items include housing and building development and rental, real estate business, mall management, information software services, and electronic information supply services. The company's segment includes the Kwong Fong Department, the Pao Fong Asset Management Department, the Kwong Fong Holdings Department, and the Digital Technology Department. The company generates the majority of its revenue from the Digital Technology Department, which is engaged in Information Software Services. The company generates all of its revenue from Taiwan. The company's revenue is derived from information services, software sales, and real estate sales.
65GF Score
Get the complete analysis for TPE:1416
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