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.
Fic GlobalTPE:3701 +1.09%79 Piotroski F-Score is 3 as of Aug. 28, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates TPE:3701 with a GF Score™ of 79/100 and a GF Value™ of NT$33.10 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,441 Hardware companies, Fic Global ranks worse than 81.89% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fic Global has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Fic Global's Piotroski F-Score or its related term are showing as below:
TPE:3701'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Fic Global was 8. The lowest was 3. And the median was 5.
Fic Global (TPE:3701) 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.
Fic Global Piotroski F-Score Related Terms
Fic Global Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Fic Global'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:3701 vs DELL, ANET, SNDK: Piotroski F-Score Comparison
For the Computer Hardware subindustry, Fic Global'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.
Fic Global Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Fic Global's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fic Global'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 37.146 + -350.255 + -138.695 + -164.82 = NT$-617 Mil. Cash Flow from Operations was 451.594 + 574.69 + 214.026 + -284.666 = NT$956 Mil. Revenue was 2293.7 + 2159.016 + 1960.24 + 2095.614 = NT$8,509 Mil. Gross Profit was 413.798 + 324.51 + 279.968 + 206.113 = NT$1,224 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(14724.96 + 14313.72 + 13334.115 + 13290.949 + 14825.249) / 5 = NT$14097.7986 Mil. Total Assets at the begining of this year (Jun25) was NT$14,725 Mil. Long-Term Debt & Capital Lease Obligation was NT$372 Mil. Total Current Assets was NT$10,643 Mil. Total Current Liabilities was NT$5,244 Mil.
Net Income was -23.88 + -20.658 + 157.697 + 66.543 = NT$180 Mil.
Revenue was 3414.535 + 2946.848 + 2761.9 + 2618.582 = NT$11,742 Mil. Gross Profit was 441.694 + 446.831 + 446.187 + 532.974 = NT$1,868 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(13331.964 + 14077.656 + 14245.762 + 15259.35 + 14724.96) / 5 = NT$14327.9384 Mil. Total Assets at the begining of last year (Jun24) was NT$13,332 Mil. Long-Term Debt & Capital Lease Obligation was NT$262 Mil. Total Current Assets was NT$11,822 Mil. Total Current Liabilities was NT$5,420 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.
Fic Global's current Net Income (TTM) was -617.
==> Negative ==> Score 0.
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.
Fic Global's return on assets of this year was -0.04187611. Fic Global's return on assets of last year was 0.01347903.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fic Global's current ratio of this year was 2.02951279. Fic Global's current ratio of last year was 2.18122178.
==> 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.
Fic Global's number of shares in issue this year was 235.457. Fic Global's number of shares in issue last year was 237.654.
==> 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.
Fic Global's gross margin of this year was 0.14390068. Fic Global's gross margin of last year was 0.15906213.
==> 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
Fic Global's asset turnover of this year was 0.57783315. Fic Global's asset turnover of last year was 0.88073033.
==> 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
=
0
+
1
+
0
+
1
+
0
+
0
+
1
+
0
+
0
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fic Global has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Fic Global (TPE:3701) has a Piotroski F-Score of 3 as of Aug. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fic Global and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Fic Global's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Fic Global ranks #1999 out of 2441 companies in the Hardware industry, placing it in the top 81.9%.
Is Fic Global's Piotroski F-Score too high?
Fic Global's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Fic Global's value of 3 is 40% below this industry median. Based on the distribution chart, Fic Global ranks #1999 out of 2441 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Fic Global has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fic Global's Piotroski F-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Fic Global ranks #1999 out of 2441 companies for Piotroski F-Score. This places Fic Global in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Fic Global's value of 3 is 40% below this benchmark. Historically, Fic Global'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 5.00 vs. the industry median of 5.00, Fic Global 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 2,441 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. Fic Global's current Piotroski F-Score of 3 is 40% 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 Fic Global 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. Fic Global's current Piotroski F-Score is 3, which is 40% 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 Fic Global stock overvalued right now?
Based on GuruFocus' analysis, Fic Global (TPE:3701) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$33.10, compared to a current price of NT$41.90 — trading 26.6% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Hardware industry median of 5.00. Fic Global's overall GF Score™ is 79/100 with 3 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 Fic Global (TPE:3701), the current Piotroski F-Score is 3 as of Aug. 28, 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 Fic Global (TPE:3701) Overvalued in 2026?
Based on GuruFocus' analysis, Fic Global stock appears to be overvalued.
The current stock price of NT$41.90 is trading 26.6% above its estimated GF Value™ of NT$33.10.
GuruFocus considers Fic Global to be Modestly Overvalued.
Key valuation signals for TPE:3701:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: NT$33.10 vs. price of NT$41.90 (26.6% above fair value)
Industry Position: 40% below the Hardware median (#1999 of 2441)
No single metric tells the full story. See the TPE:3701 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fic Global Incis engaged in research and development, manufacturing and sales of optical communication, automobile products, monitoring products, industrial computers and touch screen; electronics manufacturing services for computers and servers; and leases of property. Its segments include 3CEMS and its subsidiaries, Ubiqconn and its subsidiaries, FIC Inc. and its subsidiaries, and Other companies. It derives the majority of revenue from 3CEMS and its subsidiaries segment. Geographically it derives majority of revenue from China with operations spread across Taiwan, USA, Malaysia, and Other.
79GF Score
Get the complete analysis for TPE:3701
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:3701 has been successfully added to your 
