Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Action Electronics CoTPE:3024 +2.11%84 Piotroski F-Score is 4 as of Aug. 03, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TPE:3024 with a GF Score™ of 84/100 and a GF Value™ of NT$13.78 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,419 Hardware companies, Action Electronics Co ranks worse than 61.26% 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
Action Electronics 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 Action Electronics Co's Piotroski F-Score or its related term are showing as below:
TPE:3024'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Action Electronics Co was 8. The lowest was 2. And the median was 5.
Action Electronics Co (TPE:3024) 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.
Action Electronics Co Piotroski F-Score Related Terms
Action Electronics Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Action Electronics 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 Consumer Electronics subindustry, Action Electronics 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.
Action Electronics Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Action Electronics Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Action Electronics 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 24.871 + 9.333 + -14.389 + 5.995 = NT$26 Mil. Cash Flow from Operations was -217.682 + -25.299 + -179.934 + -166.645 = NT$-590 Mil. Revenue was 492.914 + 326.332 + 264.942 + 257.621 = NT$1,342 Mil. Gross Profit was 113.879 + 87.189 + 65.53 + 66.335 = NT$333 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4627.706 + 4242.277 + 4437.944 + 4748.429 + 4904.392) / 5 = NT$4592.1496 Mil. Total Assets at the begining of this year (Mar25) was NT$4,628 Mil. Long-Term Debt & Capital Lease Obligation was NT$15 Mil. Total Current Assets was NT$2,490 Mil. Total Current Liabilities was NT$1,764 Mil.
Net Income was 26.565 + 5.714 + 129.104 + 56.415 = NT$218 Mil.
Revenue was 421.754 + 380.029 + 1345.307 + 627.783 = NT$2,775 Mil. Gross Profit was 113.811 + 108.353 + 263.635 + 152.881 = NT$639 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5348.694 + 5423.649 + 5681.405 + 4643.833 + 4627.706) / 5 = NT$5145.0574 Mil. Total Assets at the begining of last year (Mar24) was NT$5,349 Mil. Long-Term Debt & Capital Lease Obligation was NT$225 Mil. Total Current Assets was NT$2,443 Mil. Total Current Liabilities was NT$1,216 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.
Action Electronics Co's current Net Income (TTM) was 26.
==> 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.
Action Electronics Co's return on assets of this year was 0.00557728. Action Electronics Co's return on assets of last year was 0.04071985.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Action Electronics Co's gearing of this year was 0.00322812. Action Electronics Co's gearing of last year was 0.04370913.
==> 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
Action Electronics Co's current ratio of this year was 1.4113523. Action Electronics Co's current ratio of last year was 2.00949673.
==> 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.
Action Electronics Co's number of shares in issue this year was 277.371. Action Electronics Co's number of shares in issue last year was 277.418.
==> 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.
Action Electronics Co's gross margin of this year was 0.2481225. Action Electronics Co's gross margin of last year was 0.23016549.
==> 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
Action Electronics Co's asset turnover of this year was 0.28995122. Action Electronics Co's asset turnover of last year was 0.51879449.
==> 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
+
0
+
0
+
0
+
1
+
0
+
1
+
1
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Action Electronics Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Action Electronics Co (TPE:3024) has a Piotroski F-Score of 4 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Action Electronics Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Action Electronics Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Action Electronics Co ranks #1482 out of 2419 companies in the Hardware industry, placing it in the top 61.3%.
Is Action Electronics Co's Piotroski F-Score too high?
Action Electronics Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Action Electronics Co's value of 4 is 20% below this industry median. Based on the distribution chart, Action Electronics Co ranks #1482 out of 2419 companies in the Hardware industry, which is below the industry midpoint. Overall, Action Electronics Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Action Electronics Co's Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Action Electronics Co ranks #1482 out of 2419 companies for Piotroski F-Score. This places Action Electronics Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Action Electronics Co's value of 4 is 20% below this benchmark. Historically, Action Electronics Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Action Electronics 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,419 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. Action Electronics 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 Action Electronics Co and its competitors. For the Hardware 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. Action Electronics Co's current Piotroski F-Score is 4, which is 20% below 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 Action Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Action Electronics Co (TPE:3024) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$13.78, compared to a current price of NT$12.10 — trading 12.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Hardware industry median of 5.00. Action Electronics Co's overall GF Score™ is 84/100 with 7 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 Action Electronics Co (TPE:3024), the current Piotroski F-Score is 4 as of Aug. 03, 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 Action Electronics Co (TPE:3024) Overvalued in 2026?
Based on GuruFocus' analysis, Action Electronics Co stock appears to be undervalued.
The current stock price of NT$12.10 is trading 12.2% below its estimated GF Value™ of NT$13.78.
GuruFocus considers Action Electronics Co to be Modestly Undervalued.
Key valuation signals for TPE:3024:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: NT$13.78 vs. price of NT$12.10 (12.2% below fair value)
Industry Position: 20% below the Hardware median (#1482 of 2419)
No single metric tells the full story. See the TPE:3024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Action Electronics Co Ltd is engaged in the trade of audio-visual electronic products, various home appliances, and other related products, housing and building development and rental, etc. The company's products include portable multimedia players, LCD digital TVs, mobile entertainment devices, mobile internet devices, and solar applications. Its operating segments include ACTION ASIA LTD. group (AAL), ALMOND GARDEN CORP. group (AGC) , and Taiwan segment. The company generates a majority of its revenue from the Taiwan segment. Geographically, the company derives maximum revenue from Taiwan, Mainland China, the United States, and other regions.
84GF Score
Get the complete analysis for TPE:3024
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3024 has been successfully added to your 
