Strong H Machinery Technology Co (TPE:4560) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 14% Above Median


TPE:4560 Strong H Machinery Technology Co TPE:4560
85 GF Score
Price NT$32.40
GF Value NT$40.31
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Strong H Machinery Technology Co Piotroski F-Score?

Strong H Machinery Technology Co TPE:4560 -1.67% 85 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TPE:4560 with a GF Score™ of 85/100 and a GF Value™ of NT$40.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,979 Industrial Products companies, Strong H Machinery Technology Co ranks better than 97.95% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Strong H Machinery Technology Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Strong H Machinery Technology Co's Piotroski F-Score or its related term are showing as below:

TPE:4560' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 8

During the past 12 years, the highest Piotroski F-Score of Strong H Machinery Technology Co was 9. The lowest was 4. And the median was 7.

Strong H Machinery Technology Co  (TPE:4560) 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.


Strong H Machinery Technology Co Piotroski F-Score Related Terms


Strong H Machinery Technology Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Strong H Machinery Technology 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.

Strong H Machinery Technology Co Piotroski F-Score Chart

Strong H Machinery Technology 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 9.00 6.00 9.00 8.00

Strong H Machinery Technology Co 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 9.00 8.00 8.00 9.00 8.00

TPE:4560 vs SNA, RBC, LECO: Piotroski F-Score Comparison

For the Tools & Accessories subindustry, Strong H Machinery Technology 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.


Strong H Machinery Technology Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Strong H Machinery Technology Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Strong H Machinery Technology Co's Piotroski F-Score falls into.


TPE:4560
85GF Score
Strong H Machinery Technology Co TPE:4560
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 62.474 + 37.754 + 46.939 + 58.531 = NT$206 Mil.
Cash Flow from Operations was 66.473 + 69.135 + 82.556 + 95.486 = NT$314 Mil.
Revenue was 438.403 + 415.529 + 405.902 + 458.595 = NT$1,718 Mil.
Gross Profit was 166.209 + 156.865 + 135.716 + 154.766 = NT$614 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2349.874 + 2411.881 + 2202.269 + 2260.424 + 2469.648) / 5 = NT$2338.8192 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,350 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Total Current Assets was NT$1,668 Mil.
Total Current Liabilities was NT$451 Mil.
Net Income was 17.273 + 35.506 + 38.806 + 47.092 = NT$139 Mil.

Revenue was 338.462 + 407.772 + 411.456 + 449.583 = NT$1,607 Mil.
Gross Profit was 114.437 + 130.407 + 129.757 + 148.32 = NT$523 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(2242.132 + 2286.71 + 2331.777 + 2267.224 + 2349.874) / 5 = NT$2295.5434 Mil.
Total Assets at the begining of last year (Dec23) was NT$2,242 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Total Current Assets was NT$1,510 Mil.
Total Current Liabilities was NT$461 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.

Strong H Machinery Technology Co's current Net Income (TTM) was 206. ==> 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.

Strong H Machinery Technology Co's current Cash Flow from Operations (TTM) was 314. ==> 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)
=205.698/2349.874
=0.08753576

ROA (Last Year)=Net Income/Total Assets (Dec23)
=138.677/2242.132
=0.06185051

Strong H Machinery Technology Co's return on assets of this year was 0.08753576. Strong H Machinery Technology Co's return on assets of last year was 0.06185051. ==> 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.

Strong H Machinery Technology Co's current Net Income (TTM) was 206. Strong H Machinery Technology Co's current Cash Flow from Operations (TTM) was 314. ==> 314 > 206 ==> 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
=0/2338.8192
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/2295.5434
=0

Strong H Machinery Technology Co's gearing of this year was 0. Strong H Machinery Technology Co's gearing of last year was 0. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=1667.667/451.385
=3.69455565

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1509.807/461.076
=3.27452958

Strong H Machinery Technology Co's current ratio of this year was 3.69455565. Strong H Machinery Technology Co's current ratio of last year was 3.27452958. ==> This year's current ratio is higher. ==> Score 1.

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.

Strong H Machinery Technology Co's number of shares in issue this year was 68.187. Strong H Machinery Technology Co's number of shares in issue last year was 68.097. ==> 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
=613.556/1718.429
=0.35704472

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=522.921/1607.273
=0.32534672

Strong H Machinery Technology Co's gross margin of this year was 0.35704472. Strong H Machinery Technology Co's gross margin of last year was 0.32534672. ==> 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)
=1718.429/2349.874
=0.73128559

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1607.273/2242.132
=0.7168503

Strong H Machinery Technology Co's asset turnover of this year was 0.73128559. Strong H Machinery Technology Co's asset turnover of last year was 0.7168503. ==> 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+1+1+0+1+1
=8

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

Strong H Machinery Technology Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Strong H Machinery Technology Co (TPE:4560) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Strong H Machinery Technology Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Strong H Machinery Technology Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Strong H Machinery Technology Co ranks #61 out of 2979 companies in the Industrial Products industry, placing it in the top 2%.
Is Strong H Machinery Technology Co's Piotroski F-Score too high?
Strong H Machinery Technology Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Strong H Machinery Technology Co's value of 8 is 60% above this industry median. Based on the distribution chart, Strong H Machinery Technology Co ranks #61 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Strong H Machinery Technology Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Strong H Machinery Technology Co's Piotroski F-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Strong H Machinery Technology Co ranks #61 out of 2979 companies for Piotroski F-Score. This places Strong H Machinery Technology Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Strong H Machinery Technology Co's value of 8 is 60% above this benchmark. Historically, Strong H Machinery Technology 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 7.00 vs. the industry median of 5.00, Strong H Machinery Technology 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Strong H Machinery Technology Co's current Piotroski F-Score of 8 is 60% 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 Strong H Machinery Technology Co and its competitors. For the Industrial Products 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. Strong H Machinery Technology Co's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strong H Machinery Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Strong H Machinery Technology Co (TPE:4560) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$40.31, compared to a current price of NT$32.40 — trading 19.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Industrial Products industry median of 5.00. Strong H Machinery Technology Co's overall GF Score™ is 85/100 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 Strong H Machinery Technology Co (TPE:4560), the current Piotroski F-Score is 8 as of Jun. 27, 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 Strong H Machinery Technology Co (TPE:4560) Overvalued in 2026?

Based on GuruFocus' analysis, Strong H Machinery Technology Co stock appears to be undervalued. The current stock price of NT$32.40 is trading 19.6% below its estimated GF Value™ of NT$40.31. GuruFocus considers Strong H Machinery Technology Co to be Modestly Undervalued.

Key valuation signals for TPE:4560:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: NT$40.31 vs. price of NT$32.40 (19.6% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 60% above the Industrial Products median (#61 of 2979)

No single metric tells the full story. See the TPE:4560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Strong H Machinery Technology Co Business Description

Address No. 1699, open road, Development zone, Shandong Province, Laizhou City, CHN
Strong H Machinery Technology Co is a professional precision machining manufacturer. The company mainly produces and sells industrial sewing machine parts for assembly by machine manufacturers and repair by end users. It offers various types of industrial sewing machine knives to customers, including needle plates, teeth, presser feet, and needle embroidery machine knives. Its products include industrial sewing machine knives, straight knives, round knives, gauge sets, needle plate shear lines, and computerized embroidery machine parts. The Group's only reportable segment is the sewing machine spare parts segment, as the Group's main activities are manufacturing and selling sewing machine spare parts. The company operates in China and Taiwan, with the majority of revenue coming from China.
85GF Score

Get the complete analysis for TPE:4560

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

NT$32.40
Price
NT$40.31
GF Value