Ampoc Far-East Co (TPE:2493) Piotroski F-Score: 4 (As of Aug. 08, 2026) — 33% Below Median

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TPE:2493 Ampoc Far-East Co Ltd TPE:2493
79 GF Score
Price NT$215.00
GF Value NT$91.09
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ampoc Far-East Co Piotroski F-Score?

Ampoc Far-East Co TPE:2493 -2.27% 79 Piotroski F-Score is 4 as of Aug. 08, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TPE:2493 with a GF Score™ of 79/100 and a GF Value™ of NT$91.09 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 981 Semiconductors companies, Ampoc Far-East Co ranks worse than 59.02% 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

Ampoc Far-East 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 Ampoc Far-East Co's Piotroski F-Score or its related term are showing as below:

TPE:2493' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Ampoc Far-East Co was 9. The lowest was 4. And the median was 6.

Ampoc Far-East Co  (TPE:2493) 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.


Ampoc Far-East Co Piotroski F-Score Related Terms


Ampoc Far-East Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ampoc Far-East 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.

Ampoc Far-East Co Piotroski F-Score Chart

Ampoc Far-East Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 5.00 5.00 6.00

Ampoc Far-East Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 5.00 6.00 4.00

TPE:2493 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Ampoc Far-East 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.


Ampoc Far-East Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ampoc Far-East Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ampoc Far-East Co's Piotroski F-Score falls into.


TPE:2493
79GF Score
Ampoc Far-East Co Ltd TPE:2493
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 51.533 + 173.295 + 151.654 + 159.484 = NT$536 Mil.
Cash Flow from Operations was 223.826 + 134.035 + 345.045 + 86.325 = NT$789 Mil.
Revenue was 911.907 + 938.242 + 992.569 + 937.502 = NT$3,780 Mil.
Gross Profit was 286.903 + 286.518 + 290.164 + 273.627 = NT$1,137 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4696.161 + 4863.682 + 5111.647 + 5391.176 + 5991.089) / 5 = NT$5210.751 Mil.
Total Assets at the begining of this year (Mar25) was NT$4,696 Mil.
Long-Term Debt & Capital Lease Obligation was NT$18 Mil.
Total Current Assets was NT$4,686 Mil.
Total Current Liabilities was NT$2,917 Mil.
Net Income was 185.679 + 181.987 + 160.908 + 176.289 = NT$705 Mil.

Revenue was 903.239 + 969.28 + 925.835 + 925.991 = NT$3,724 Mil.
Gross Profit was 330.874 + 316.343 + 291.499 + 279.945 = NT$1,219 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4837.037 + 4964.379 + 4260.81 + 4424.01 + 4696.161) / 5 = NT$4636.4794 Mil.
Total Assets at the begining of last year (Mar24) was NT$4,837 Mil.
Long-Term Debt & Capital Lease Obligation was NT$6 Mil.
Total Current Assets was NT$3,554 Mil.
Total Current Liabilities was NT$1,697 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.

Ampoc Far-East Co's current Net Income (TTM) was 536. ==> 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.

Ampoc Far-East Co's current Cash Flow from Operations (TTM) was 789. ==> 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 (Mar25)
=535.966/4696.161
=0.11412854

ROA (Last Year)=Net Income/Total Assets (Mar24)
=704.863/4837.037
=0.14572206

Ampoc Far-East Co's return on assets of this year was 0.11412854. Ampoc Far-East Co's return on assets of last year was 0.14572206. ==> 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.

Ampoc Far-East Co's current Net Income (TTM) was 536. Ampoc Far-East Co's current Cash Flow from Operations (TTM) was 789. ==> 789 > 536 ==> CFROA > ROA ==> Score 1.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=17.536/5210.751
=0.00336535

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=6.183/4636.4794
=0.00133355

Ampoc Far-East Co's gearing of this year was 0.00336535. Ampoc Far-East Co's gearing of last year was 0.00133355. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=4686.325/2916.731
=1.60670456

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3553.621/1696.861
=2.09423223

Ampoc Far-East Co's current ratio of this year was 1.60670456. Ampoc Far-East Co's current ratio of last year was 2.09423223. ==> 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.

Ampoc Far-East Co's number of shares in issue this year was 127.252. Ampoc Far-East Co's number of shares in issue last year was 115. ==> 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
=1137.212/3780.22
=0.30083223

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1218.661/3724.345
=0.32721485

Ampoc Far-East Co's gross margin of this year was 0.30083223. Ampoc Far-East Co's gross margin of last year was 0.32721485. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3780.22/4696.161
=0.80495963

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3724.345/4837.037
=0.76996413

Ampoc Far-East Co's asset turnover of this year was 0.80495963. Ampoc Far-East Co's asset turnover of last year was 0.76996413. ==> This year's asset turnover is higher. ==> Score 1.

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

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

Ampoc Far-East 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?
Ampoc Far-East Co (TPE:2493) has a Piotroski F-Score of 4 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ampoc Far-East Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Ampoc Far-East Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Ampoc Far-East Co ranks #579 out of 981 companies in the Semiconductors industry, placing it in the top 59%.
Is Ampoc Far-East Co's Piotroski F-Score too high?
Ampoc Far-East 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 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. Ampoc Far-East Co's value of 4 is 20% below this industry median. Based on the distribution chart, Ampoc Far-East Co ranks #579 out of 981 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Ampoc Far-East Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ampoc Far-East Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Ampoc Far-East Co ranks #579 out of 981 companies for Piotroski F-Score. This places Ampoc Far-East Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ampoc Far-East Co's value of 4 is 20% below this benchmark. Historically, Ampoc Far-East Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ampoc Far-East 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 a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 981 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. Ampoc Far-East 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 Ampoc Far-East Co and its competitors. For the Semiconductors 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. Ampoc Far-East 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 Ampoc Far-East Co stock overvalued right now?
Based on GuruFocus' analysis, Ampoc Far-East Co (TPE:2493) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$91.09, compared to a current price of NT$215.00 — trading 136% 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 Semiconductors industry median of 5.00. Ampoc Far-East Co's overall GF Score™ is 79/100 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 Ampoc Far-East Co (TPE:2493), the current Piotroski F-Score is 4 as of Aug. 08, 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 Ampoc Far-East Co (TPE:2493) Overvalued in 2026?

Based on GuruFocus' analysis, Ampoc Far-East Co stock appears to be overvalued. The current stock price of NT$215.00 is trading 136% above its estimated GF Value™ of NT$91.09. GuruFocus considers Ampoc Far-East Co to be Significantly Overvalued.

Key valuation signals for TPE:2493:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: NT$91.09 vs. price of NT$215.00 (136% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 20% below the Semiconductors median (#579 of 981)

No single metric tells the full story. See the TPE:2493 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ampoc Far-East Co Business Description

Address 17th floor Number 171, Sung-Teh Road, Taipei, TWN
Ampoc Far-East Co Ltd manufactures and markets Equipments, Instruments & Materials to PCB, LCD, IC, FAB and IC Packaging Industries. The Company derives revenue from the manufacture and sales of machinery and equipment as well as the agency and sales of electronic and chemical related products. Its product portfolio includes semiconductors, IC packaging, PCB's, flat panel display and MEMS, IC wafer semiconductor process application. The company Geographically operates in Taiwan and China(including Hong Kong).
79GF Score

Get the complete analysis for TPE:2493

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

NT$215.00
Price
NT$91.09
GF Value