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GTM HoldingsTPE:1437 -0.15%82 Piotroski F-Score is 8 as of Aug. 24, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates TPE:1437 with a GF Score™ of 82/100 and a GF Value™ of NT$35.32 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,752 Real Estate companies, GTM Holdings ranks better than 98.86% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
GTM Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for GTM Holdings's Piotroski F-Score or its related term are showing as below:
TPE:1437'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of GTM Holdings was 8. The lowest was 3. And the median was 5.
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.
GTM Holdings Piotroski F-Score Related Terms
GTM Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for GTM Holdings'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:1437 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, GTM Holdings'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.
GTM Holdings Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GTM Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where GTM Holdings'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 292.988 + 164.606 + 138.012 + 276.485 = NT$872.1 Mil. Cash Flow from Operations was 155.999 + 82.896 + 41.278 + -19.745 = NT$260.4 Mil. Revenue was 303.739 + 233.334 + 173.801 + 236.084 = NT$947.0 Mil. Gross Profit was 193.173 + 108.705 + 106.736 + 160.403 = NT$569.0 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(13688.788 + 13709.082 + 13696.468 + 13727.13 + 14109.816) / 5 = NT$13786.2568 Mil. Total Assets at the begining of this year (Jun25) was NT$13,688.8 Mil. Long-Term Debt & Capital Lease Obligation was NT$3,400.0 Mil. Total Current Assets was NT$2,566.5 Mil. Total Current Liabilities was NT$1,379.3 Mil.
Net Income was 178.143 + 102.083 + 68.787 + -37.084 = NT$311.9 Mil.
Revenue was 269.351 + 207.513 + 191.092 + 198.545 = NT$866.5 Mil. Gross Profit was 175.414 + 103.119 + 98.124 + 105.111 = NT$481.8 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(13548.735 + 13395.619 + 13748.007 + 13975.017 + 13688.788) / 5 = NT$13671.2332 Mil. Total Assets at the begining of last year (Jun24) was NT$13,548.7 Mil. Long-Term Debt & Capital Lease Obligation was NT$3,510.8 Mil. Total Current Assets was NT$2,390.9 Mil. Total Current Liabilities was NT$1,346.0 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.
GTM Holdings's current Net Income (TTM) was 872.1.
==> 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.
GTM Holdings's return on assets of this year was 0.06370842. GTM Holdings's return on assets of last year was 0.02302274.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
GTM Holdings's gearing of this year was 0.24662242. GTM Holdings's gearing of last year was 0.25680127.
==> 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
GTM Holdings's current ratio of this year was 1.86075602. GTM Holdings's current ratio of last year was 1.77631021.
==> 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.
GTM Holdings's number of shares in issue this year was 201.814. GTM Holdings's number of shares in issue last year was 206.022.
==> 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.
GTM Holdings's gross margin of this year was 0.60088937. GTM Holdings's gross margin of last year was 0.55599243.
==> 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
GTM Holdings's asset turnover of this year was 0.06917764. GTM Holdings's asset turnover of last year was 0.06395438.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
GTM Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
GTM Holdings (TPE:1437) has a Piotroski F-Score of 8 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GTM Holdings and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, GTM Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, GTM Holdings ranks #20 out of 1752 companies in the Real Estate industry, placing it in the top 1.1%.
Is GTM Holdings' Piotroski F-Score too high?
GTM Holdings' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. GTM Holdings' value of 8 is 60% above this industry median. Based on the distribution chart, GTM Holdings ranks #20 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, GTM Holdings has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GTM Holdings' Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GTM Holdings ranks #20 out of 1752 companies for Piotroski F-Score. This places GTM Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. GTM Holdings' value of 8 is 60% above this benchmark. Historically, GTM Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, GTM Holdings 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 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. GTM Holdings's current Piotroski F-Score of 8 is 60% 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 GTM Holdings 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. GTM Holdings's current Piotroski F-Score is 8, which is 60% above 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 GTM Holdings stock overvalued right now?
Based on GuruFocus' analysis, GTM Holdings (TPE:1437) is currently considered Fairly Valued. The stock's GF Value™ is NT$35.32, compared to a current price of NT$32.35 — trading 8.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Real Estate industry median of 5.00. GTM Holdings' overall GF Score™ is 82/100 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 GTM Holdings (TPE:1437), the current Piotroski F-Score is 8 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 GTM Holdings (TPE:1437) Overvalued in 2026?
Based on GuruFocus' analysis, GTM Holdings stock appears to be undervalued.
The current stock price of NT$32.35 is trading 8.4% below its estimated GF Value™ of NT$35.32.
GuruFocus considers GTM Holdings to be Fairly Valued.
Key valuation signals for TPE:1437:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: NT$35.32 vs. price of NT$32.35 (8.4% below fair value)
Industry Position: 60% above the Real Estate median (#20 of 1752)
No single metric tells the full story. See the TPE:1437 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GTM Holdings Corp is mainly engaged in the manufacturing and trading of textiles, knitwear, wool quilts, suits, electronic components, and electronic materials, as well as the commissioning of construction companies for building construction, residential rentals, and sales. The Company operates through the Textile Business Department, Real Estate Business Department and Other Departments. The Textile Business Department manufactures and sells textile products, while the Real Estate Business Department engages in the rental of real estate and other activities. The Company generates the majority of its revenue from the Real Estate Business Department and from Taiwan.
82GF Score
Get the complete analysis for TPE:1437
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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