Silicon Optronics (TPE:3530) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 20% Above Median


TPE:3530 Silicon Optronics Inc TPE:3530
72 GF Score
Price NT$73.20
GF Value NT$83.84
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Silicon Optronics Piotroski F-Score?

Silicon Optronics TPE:3530 -0.54% 72 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TPE:3530 with a GF Score™ of 72/100 and a GF Value™ of NT$83.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 989 Semiconductors companies, Silicon Optronics ranks better than 80.18% 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

Silicon Optronics 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 Silicon Optronics's Piotroski F-Score or its related term are showing as below:

TPE:3530' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Silicon Optronics was 7. The lowest was 1. And the median was 5.

Silicon Optronics  (TPE:3530) 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.


Silicon Optronics Piotroski F-Score Related Terms


Silicon Optronics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Silicon Optronics'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.

Silicon Optronics Piotroski F-Score Chart

Silicon Optronics 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 5.00 3.00 5.00 7.00 6.00

Silicon Optronics Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 7.00 4.00 6.00

TPE:3530 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, Silicon Optronics'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.


Silicon Optronics Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Silicon Optronics's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Silicon Optronics's Piotroski F-Score falls into.


TPE:3530
72GF Score
Silicon Optronics Inc TPE:3530
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec24) TTM:
Net Income was 12.054 + -33.771 + 57.889 + 98.834 = NT$135 Mil.
Cash Flow from Operations was 59.912 + 127.447 + 104.068 + 172.853 = NT$464 Mil.
Revenue was 346.515 + 458.684 + 465.514 + 574.63 = NT$1,845 Mil.
Gross Profit was 89.402 + 97.097 + 125.57 + 183.554 = NT$496 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2584.286 + 2587.493 + 2497.293 + 2590.01 + 2775.893) / 5 = NT$2606.995 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,584 Mil.
Long-Term Debt & Capital Lease Obligation was NT$7 Mil.
Total Current Assets was NT$2,378 Mil.
Total Current Liabilities was NT$314 Mil.
Net Income was -13.769 + -6.91 + 94.597 + -176.698 = NT$-103 Mil.

Revenue was 346.792 + 426.937 + 569.6 + 387.702 = NT$1,731 Mil.
Gross Profit was 21.176 + 42.853 + 199.894 + -139.384 = NT$125 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(3128.598 + 2984.296 + 2998.716 + 3065.7 + 2584.286) / 5 = NT$2952.3192 Mil.
Total Assets at the begining of last year (Dec23) was NT$3,129 Mil.
Long-Term Debt & Capital Lease Obligation was NT$5 Mil.
Total Current Assets was NT$2,187 Mil.
Total Current Liabilities was NT$266 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.

Silicon Optronics's current Net Income (TTM) was 135. ==> 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.

Silicon Optronics's current Cash Flow from Operations (TTM) was 464. ==> 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 (Dec24)
=135.006/2584.286
=0.05224112

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-102.78/3128.598
=-0.03285178

Silicon Optronics's return on assets of this year was 0.05224112. Silicon Optronics's return on assets of last year was -0.03285178. ==> This year is higher. ==> Score 1.

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.

Silicon Optronics's current Net Income (TTM) was 135. Silicon Optronics's current Cash Flow from Operations (TTM) was 464. ==> 464 > 135 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=7.036/2606.995
=0.00269889

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5.002/2952.3192
=0.00169426

Silicon Optronics's gearing of this year was 0.00269889. Silicon Optronics's gearing of last year was 0.00169426. ==> 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
=2377.566/314.316
=7.56425381

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2186.92/265.732
=8.22979543

Silicon Optronics's current ratio of this year was 7.56425381. Silicon Optronics's current ratio of last year was 8.22979543. ==> 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.

Silicon Optronics's number of shares in issue this year was 78. Silicon Optronics's number of shares in issue last year was 77.478. ==> 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
=495.623/1845.343
=0.26858042

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=124.539/1731.031
=0.07194499

Silicon Optronics's gross margin of this year was 0.26858042. Silicon Optronics's gross margin of last year was 0.07194499. ==> 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 (Dec24)
=1845.343/2584.286
=0.71406299

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1731.031/3128.598
=0.55329288

Silicon Optronics's asset turnover of this year was 0.71406299. Silicon Optronics's asset turnover of last year was 0.55329288. ==> 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+1+1+0+0+0+1+1
=6

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

Silicon Optronics has an F-score of 6 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 6 mean?
Silicon Optronics (TPE:3530) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Silicon Optronics and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Silicon Optronics' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Silicon Optronics ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Silicon Optronics' Piotroski F-Score too high?
Silicon Optronics' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Silicon Optronics' value of 6 is 20% above this industry median. Based on the distribution chart, Silicon Optronics ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Silicon Optronics has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Silicon Optronics' Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Silicon Optronics ranks #196 out of 989 companies for Piotroski F-Score. This places Silicon Optronics in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Silicon Optronics' value of 6 is 20% above this benchmark. Historically, Silicon Optronics' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Silicon Optronics 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Silicon Optronics'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 Silicon Optronics 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. Silicon Optronics's current Piotroski F-Score is 6, which is 20% above 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 Silicon Optronics stock overvalued right now?
Based on GuruFocus' analysis, Silicon Optronics (TPE:3530) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$83.84, compared to a current price of NT$73.20 — trading 12.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Semiconductors industry median of 5.00. Silicon Optronics' overall GF Score™ is 72/100 with 5 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 Silicon Optronics (TPE:3530), the current Piotroski F-Score is 6 as of Jun. 24, 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 Silicon Optronics (TPE:3530) Overvalued in 2026?

Based on GuruFocus' analysis, Silicon Optronics stock appears to be undervalued. The current stock price of NT$73.20 is trading 12.7% below its estimated GF Value™ of NT$83.84. GuruFocus considers Silicon Optronics to be Modestly Undervalued.

Key valuation signals for TPE:3530:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: NT$83.84 vs. price of NT$73.20 (12.7% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 20% above the Semiconductors median (#196 of 989)

No single metric tells the full story. See the TPE:3530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Silicon Optronics Business Description

Address Li Hsin 1st Road, 10-2, 4th Floor, East District, Hsin-Chu, TWN, 300
Silicon Optronics Inc is engaged in the design, development, and sale of complementary metal-oxide semiconductors. Its products include image sensors and shutters. The company derives revenue from complementary metal-oxide semiconductors. Geographically, it operates in Hong Kong, the United States, Taiwan, and other countries, with the majority of revenue deriving from Hong Kong.
72GF Score

Get the complete analysis for TPE:3530

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

NT$73.20
Price
NT$83.84
GF Value