Ta Tun Electric Wire & Cable Co (TPE:1623) Piotroski F-Score: 4 (As of Jul. 09, 2026) — Near Median


TPE:1623 Ta Tun Electric Wire & Cable Co Ltd TPE:1623
17 GF Score
Price NT$226.50
! 4 Warning Signs
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What is Ta Tun Electric Wire & Cable Co Piotroski F-Score?

Ta Tun Electric Wire & Cable Co TPE:1623 -1.95% 17 Piotroski F-Score is 4 as of Jul. 09, 2026, which is at its 10-year median of 4.00. GuruFocus rates TPE:1623 with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 2,975 Industrial Products companies, Ta Tun Electric Wire & Cable Co ranks worse than 65.18% 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

Ta Tun Electric Wire & Cable 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 Ta Tun Electric Wire & Cable Co's Piotroski F-Score or its related term are showing as below:

TPE:1623' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 4
Current: 4

During the past 4 years, the highest Piotroski F-Score of Ta Tun Electric Wire & Cable Co was 4. The lowest was 4. And the median was 4.

Ta Tun Electric Wire & Cable Co  (TPE:1623) 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.


Ta Tun Electric Wire & Cable Co Piotroski F-Score Related Terms


Ta Tun Electric Wire & Cable Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ta Tun Electric Wire & Cable 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.

Ta Tun Electric Wire & Cable Co Piotroski F-Score Chart

Ta Tun Electric Wire & Cable Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 4.00

Ta Tun Electric Wire & Cable Co Quarterly Data
Dec22 Sep23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A 4.00

TPE:1623 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Ta Tun Electric Wire & Cable 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.


Ta Tun Electric Wire & Cable Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ta Tun Electric Wire & Cable Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ta Tun Electric Wire & Cable Co's Piotroski F-Score falls into.


TPE:1623
17GF Score
Ta Tun Electric Wire & Cable Co Ltd TPE:1623
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 (Sep24) TTM:
Net Income was 146.785 + 0 + 174.763 + 251.491 = NT$573 Mil.
Cash Flow from Operations was 506.227 + 0 + -82.16 + 103.796 = NT$528 Mil.
Revenue was 1567.84 + 0 + 1598.189 + 1770.241 = NT$4,936 Mil.
Gross Profit was 238.6 + 0 + 237.623 + 376.823 = NT$853 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Dec25) was
(6729.727 + 6402.107 + 7393.62 + 7327.989 + 7118.829) / 5 = NT$6994.4544 Mil.
Total Assets at the begining of this year (Sep24) was NT$6,730 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,133 Mil.
Total Current Assets was NT$5,521 Mil.
Total Current Liabilities was NT$3,028 Mil.
Net Income was 174.232 + 68.484 + 0 + 224.812 = NT$468 Mil.

Revenue was 1182.135 + 1033.941 + 0 + 1440.289 = NT$3,656 Mil.
Gross Profit was 196.565 + 171.648 + 0 + 252.17 = NT$620 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Sep24) was
(4779.38 + 0 + 5371.33 + 6187.5 + 6729.727) / 5 = NT$5766.98425 Mil.
Total Assets at the begining of last year (Dec22) was NT$4,779 Mil.
Long-Term Debt & Capital Lease Obligation was NT$775 Mil.
Total Current Assets was NT$5,255 Mil.
Total Current Liabilities was NT$3,431 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.

Ta Tun Electric Wire & Cable Co's current Net Income (TTM) was 573. ==> 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.

Ta Tun Electric Wire & Cable Co's current Cash Flow from Operations (TTM) was 528. ==> 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 (Sep24)
=573.039/6729.727
=0.08515041

ROA (Last Year)=Net Income/Total Assets (Dec22)
=467.528/4779.38
=0.09782189

Ta Tun Electric Wire & Cable Co's return on assets of this year was 0.08515041. Ta Tun Electric Wire & Cable Co's return on assets of last year was 0.09782189. ==> 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.

Ta Tun Electric Wire & Cable Co's current Net Income (TTM) was 573. Ta Tun Electric Wire & Cable Co's current Cash Flow from Operations (TTM) was 528. ==> 528 <= 573 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Dec25
=1133.493/6994.4544
=0.16205596

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Sep24
=775.342/5766.98425
=0.13444497

Ta Tun Electric Wire & Cable Co's gearing of this year was 0.16205596. Ta Tun Electric Wire & Cable Co's gearing of last year was 0.13444497. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=5520.83/3027.703
=1.82343843

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=5255.145/3430.987
=1.5316715

Ta Tun Electric Wire & Cable Co's current ratio of this year was 1.82343843. Ta Tun Electric Wire & Cable Co's current ratio of last year was 1.5316715. ==> 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.

Ta Tun Electric Wire & Cable Co's number of shares in issue this year was 60.106. Ta Tun Electric Wire & Cable Co's number of shares in issue last year was 59.95. ==> 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
=853.046/4936.27
=0.17281186

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=620.383/3656.365
=0.16967207

Ta Tun Electric Wire & Cable Co's gross margin of this year was 0.17281186. Ta Tun Electric Wire & Cable Co's gross margin of last year was 0.16967207. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep24)
=4936.27/6729.727
=0.73350227

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=3656.365/4779.38
=0.76502915

Ta Tun Electric Wire & Cable Co's asset turnover of this year was 0.73350227. Ta Tun Electric Wire & Cable Co's asset turnover of last year was 0.76502915. ==> Last year's asset turnover is higher ==> Score 0.

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+0+0+1+0+1+0
=4

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

Ta Tun Electric Wire & Cable Co has an F-score of 4 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 4 mean?
Ta Tun Electric Wire & Cable Co (TPE:1623) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ta Tun Electric Wire & Cable Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Ta Tun Electric Wire & Cable Co's Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, Ta Tun Electric Wire & Cable Co ranks #1939 out of 2975 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Ta Tun Electric Wire & Cable Co's Piotroski F-Score too high?
Ta Tun Electric Wire & Cable Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 4.00. The Industrial Products industry median Piotroski F-Score is 5.00. Ta Tun Electric Wire & Cable Co's value of 4 is 20% below this industry median. Based on the distribution chart, Ta Tun Electric Wire & Cable Co ranks #1939 out of 2975 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ta Tun Electric Wire & Cable Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ta Tun Electric Wire & Cable Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ta Tun Electric Wire & Cable Co ranks #1939 out of 2975 companies for Piotroski F-Score. This places Ta Tun Electric Wire & Cable Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ta Tun Electric Wire & Cable Co's value of 4 is 20% below this benchmark. Historically, Ta Tun Electric Wire & Cable Co's own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Ta Tun Electric Wire & Cable 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 2,975 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. Ta Tun Electric Wire & Cable 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 Ta Tun Electric Wire & Cable 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. Ta Tun Electric Wire & Cable Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta Tun Electric Wire & Cable Co stock overvalued right now?
Ta Tun Electric Wire & Cable Co (TPE:1623) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Industrial Products industry median of 5.00. Ta Tun Electric Wire & Cable Co's overall GF Score™ is 17/100 with 4 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 Ta Tun Electric Wire & Cable Co (TPE:1623), the current Piotroski F-Score is 4 as of Jul. 09, 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.

Ta Tun Electric Wire & Cable Co Business Description

Address Meishi Road, No. 3, Lane 349, Section 2, Yangmei District, Taoyuan, TWN, 326014
Ta Tun Electric Wire & Cable Co Ltd is engaged in the manufacturing processing, trading, and installation of wires and cables. Its products include rubber cable, PVC, Hypalon, Welding wire, etc. Geographically, the company derives majority of its revenue from Taiwan.
17GF Score

Get the complete analysis for TPE:1623

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

NT$226.50
Price