Jung Shing Wire CoTPE:1617 73 Piotroski F-Score is 4 as of Jul. 10, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TPE:1617 with a GF Score™ of 73/100 and a GF Value™ of NT$17.05 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,974 Industrial Products companies, Jung Shing Wire Co ranks worse than 65.2% 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
Jung Shing Wire Co 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 Jung Shing Wire Co's Piotroski F-Score or its related term are showing as below:
TPE:1617'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of Jung Shing Wire Co was 6. The lowest was 4. And the median was 6.
Jung Shing Wire Co (TPE:1617) 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.
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.
Jung Shing Wire Co Piotroski F-Score Related Terms
Jung Shing Wire Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Jung Shing Wire 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.
For the Electrical Equipment & Parts subindustry, Jung Shing Wire 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.
Jung Shing Wire Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jung Shing Wire Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Jung Shing Wire Co'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 -20.487 + -58.752 + 15.237 + 179.39 = NT$115 Mil. Cash Flow from Operations was -10.665 + -36.903 + -23.827 + -33.998 = NT$-105 Mil. Revenue was 769.549 + 834.333 + 849.409 + 909.86 = NT$3,363 Mil. Gross Profit was 63.93 + 58.521 + 59.275 + 61.281 = NT$243 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(3733.922 + 3770.694 + 3439.885 + 3391.572 + 3369.903) / 5 = NT$3541.1952 Mil. Total Assets at the begining of this year (Dec24) was NT$3,734 Mil. Long-Term Debt & Capital Lease Obligation was NT$0 Mil. Total Current Assets was NT$2,231 Mil. Total Current Liabilities was NT$954 Mil.
Net Income was 22.905 + 44.827 + -18.569 + 40.577 = NT$90 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.
Jung Shing Wire Co's current Net Income (TTM) was 115.
==> 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.
Jung Shing Wire Co's return on assets of this year was 0.03090263. Jung Shing Wire Co's return on assets of last year was 0.02773592.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Jung Shing Wire Co's gearing of this year was 0. Jung Shing Wire Co's gearing of last year was 0.
==> 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
Jung Shing Wire Co's current ratio of this year was 2.33942201. Jung Shing Wire Co's current ratio of last year was 1.89723799.
==> 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.
Jung Shing Wire Co's number of shares in issue this year was 169.843. Jung Shing Wire Co's number of shares in issue last year was 169.571.
==> 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.
Jung Shing Wire Co's gross margin of this year was 0.07225575. Jung Shing Wire Co's gross margin of last year was 0.09123899.
==> 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
Jung Shing Wire Co's asset turnover of this year was 0.900702. Jung Shing Wire Co's asset turnover of last year was 1.04945673.
==> 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
Jung Shing Wire Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Jung Shing Wire Co (TPE:1617) has a Piotroski F-Score of 4 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jung Shing Wire Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Jung Shing Wire Co's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Jung Shing Wire Co ranks #1939 out of 2974 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Jung Shing Wire Co's Piotroski F-Score too high?
Jung Shing Wire Co's 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 4.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Jung Shing Wire Co's value of 4 is 20% below this industry median. Based on the distribution chart, Jung Shing Wire Co ranks #1939 out of 2974 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Jung Shing Wire Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jung Shing Wire Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jung Shing Wire Co ranks #1939 out of 2974 companies for Piotroski F-Score. This places Jung Shing Wire Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Jung Shing Wire Co's value of 4 is 20% below this benchmark. Historically, Jung Shing Wire Co's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Jung Shing Wire 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,974 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. Jung Shing Wire Co'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 Jung Shing Wire Co and its competitors. For the Industrial Products 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. Jung Shing Wire Co'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 Jung Shing Wire Co stock overvalued right now?
Based on GuruFocus' analysis, Jung Shing Wire Co (TPE:1617) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$17.05, compared to a current price of NT$23.50 — trading 37.8% above 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 Industrial Products industry median of 5.00. Jung Shing Wire Co's overall GF Score™ is 73/100 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 Jung Shing Wire Co (TPE:1617), the current Piotroski F-Score is 4 as of Jul. 10, 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 Jung Shing Wire Co (TPE:1617) Overvalued in 2026?
Based on GuruFocus' analysis, Jung Shing Wire Co stock appears to be overvalued.
The current stock price of NT$23.50 is trading 37.8% above its estimated GF Value™ of NT$17.05.
GuruFocus considers Jung Shing Wire Co to be Significantly Overvalued.
Key valuation signals for TPE:1617:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: NT$17.05 vs. price of NT$23.50 (37.8% above fair value)
Industry Position: 20% below the Industrial Products median (#1939 of 2974)
No single metric tells the full story. See the TPE:1617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jung Shing Wire Co Ltd is engaged in the manufacturing and processing of enameled wires and downstream products, and the trading of related machinery and equipment. Its product portfolio comprises general enameled wire, self-melting enameled wire, and special enameled wire. The group has a reporting segment: the wire department, which manufactures various kinds of degaussing rings, enameled wire, and Litz wire. Geographically, the company generates maximum revenue from Mainland China, followed by Taiwan, Vietnam, the Philippines, Japan, and other countries.
73GF Score
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