Sanitar CoTPE:1817 +0.26%83 Piotroski F-Score is 6 as of Jul. 02, 2026, which is at its 10-year median of 6.00. GuruFocus rates TPE:1817 with a GF Score™ of 83/100 and a GF Value™ of NT$38.21 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Sanitar Co ranks better than 73.34% 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
Sanitar Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Sanitar Co's Piotroski F-Score or its related term are showing as below:
TPE:1817'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sanitar Co was 8. The lowest was 3. And the median was 6.
Sanitar Co (TPE:1817) 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.
Sanitar Co Piotroski F-Score Related Terms
Sanitar Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sanitar 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.
TPE:1817 vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, Sanitar 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.
Sanitar Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Sanitar Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sanitar 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 45.502 + 66.323 + 88.078 + 62.307 = NT$262 Mil. Cash Flow from Operations was 104.555 + 202.219 + 49.104 + 111.4 = NT$467 Mil. Revenue was 616.813 + 671.391 + 657.945 + 672.146 = NT$2,618 Mil. Gross Profit was 218.468 + 243.688 + 240.153 + 261.825 = NT$964 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2848.288 + 2947.331 + 2866.098 + 2940.581 + 2929.346) / 5 = NT$2906.3288 Mil. Total Assets at the begining of this year (Dec24) was NT$2,848 Mil. Long-Term Debt & Capital Lease Obligation was NT$62 Mil. Total Current Assets was NT$1,822 Mil. Total Current Liabilities was NT$380 Mil.
Net Income was 66.984 + 80.87 + 72.632 + 94.747 = NT$315 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.
Sanitar Co's current Net Income (TTM) was 262.
==> 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.
Sanitar Co's return on assets of this year was 0.09205881. Sanitar Co's return on assets of last year was 0.116606.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sanitar Co's gearing of this year was 0.02120923. Sanitar Co's gearing of last year was 0.02693255.
==> 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
Sanitar Co's current ratio of this year was 4.79671276. Sanitar Co's current ratio of last year was 5.80471782.
==> 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.
Sanitar Co's number of shares in issue this year was 72.849. Sanitar Co's number of shares in issue last year was 73.537.
==> 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.
Sanitar Co's gross margin of this year was 0.36822971. Sanitar Co's gross margin of last year was 0.35461066.
==> 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
Sanitar Co's asset turnover of this year was 0.9192522. Sanitar Co's asset turnover of last year was 1.03215281.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sanitar Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sanitar Co (TPE:1817) has a Piotroski F-Score of 6 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanitar Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Sanitar Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sanitar Co ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Sanitar Co's Piotroski F-Score too high?
Sanitar Co's current Piotroski F-Score of 6 is near 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Sanitar Co's value of 6 is 20% above this industry median. Based on the distribution chart, Sanitar Co ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sanitar Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanitar Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Sanitar Co ranks #509 out of 1909 companies for Piotroski F-Score. This puts Sanitar Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sanitar Co's value of 6 is 20% above this benchmark. Historically, Sanitar Co's 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, Sanitar Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Sanitar Co's current Piotroski F-Score of 6 is 20% 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 Sanitar Co and its competitors. For the Consumer Packaged Goods 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. Sanitar Co's current Piotroski F-Score is 6, which is near 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 Sanitar Co stock overvalued right now?
Based on GuruFocus' analysis, Sanitar Co (TPE:1817) is currently considered Fairly Valued. The stock's GF Value™ is NT$38.21, compared to a current price of NT$38.60 — trading 1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Sanitar Co's overall GF Score™ is 83/100 with 2 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 Sanitar Co (TPE:1817), the current Piotroski F-Score is 6 as of Jul. 02, 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 Sanitar Co (TPE:1817) Overvalued in 2026?
Based on GuruFocus' analysis, Sanitar Co stock appears to be overvalued.
The current stock price of NT$38.60 is trading 1% above its estimated GF Value™ of NT$38.21.
GuruFocus considers Sanitar Co to be Fairly Valued.
Key valuation signals for TPE:1817:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: NT$38.21 vs. price of NT$38.60 (1% above fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#509 of 1909)
No single metric tells the full story. See the TPE:1817 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanitar Co Ltd is engaged in the design, manufacturing, and sale of sanitary porcelain and water outlet products. Its product portfolio includes toilet goods, lavatories, washbasins, faucets, bathtubs, and related accessories. The group operates through two reportable segments: the Taiwan sanitary porcelain segment and the Vietnam sanitary porcelain segment. Both segments are involved in manufacturing and trading sanitary porcelain and water outlet products, and are managed separately due to their distinct business strategies. The company derives the majority of its revenue from Taiwan.
83GF Score
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