Lemtech Holdings CoTPE:4912 78 Piotroski F-Score is 3 as of Jul. 12, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates TPE:4912 with a GF Score™ of 78/100 and a GF Value™ of NT$126.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,972 Industrial Products companies, Lemtech Holdings Co ranks worse than 82.47% 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
Lemtech Holdings Co 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 Lemtech Holdings Co's Piotroski F-Score or its related term are showing as below:
TPE:4912'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of Lemtech Holdings Co was 7. The lowest was 3. And the median was 5.
Lemtech Holdings Co (TPE:4912) 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.
Lemtech Holdings Co Piotroski F-Score Related Terms
Lemtech Holdings Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Lemtech Holdings 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.
TPE:4912 vs CRS, ATI, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, Lemtech Holdings 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.
Lemtech Holdings Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lemtech Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Lemtech Holdings 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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was 70.567 + 41.741 + 66.043 + -49.366 = NT$129 Mil. Cash Flow from Operations was 116.939 + 285.326 + -61.02 + -66.379 = NT$275 Mil. Revenue was 1528.666 + 1359.995 + 1489.202 + 1897.516 = NT$6,275 Mil. Gross Profit was 330.46 + 241.048 + 358.484 + 419.419 = NT$1,349 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(8414.526 + 8493.398 + 7729.973 + 8511.785 + 9080.493) / 5 = NT$8446.035 Mil. Total Assets at the begining of this year (Dec24) was NT$8,415 Mil. Long-Term Debt & Capital Lease Obligation was NT$1,186 Mil. Total Current Assets was NT$6,423 Mil. Total Current Liabilities was NT$3,567 Mil.
Net Income was 53.101 + 126.588 + 131.706 + 90.582 = NT$402 Mil.
Revenue was 1182.851 + 1538.541 + 1545.367 + 1415.417 = NT$5,682 Mil. Gross Profit was 259.413 + 368.865 + 406.486 + 269.952 = NT$1,305 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(7269.126 + 7471.858 + 7897.234 + 8023.216 + 8414.526) / 5 = NT$7815.192 Mil. Total Assets at the begining of last year (Dec23) was NT$7,269 Mil. Long-Term Debt & Capital Lease Obligation was NT$1,087 Mil. Total Current Assets was NT$5,936 Mil. Total Current Liabilities was NT$3,008 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.
Lemtech Holdings Co's current Net Income (TTM) was 129.
==> 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.
Lemtech Holdings Co's return on assets of this year was 0.01532885. Lemtech Holdings Co's return on assets of last year was 0.05529922.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Lemtech Holdings Co's gearing of this year was 0.14047538. Lemtech Holdings Co's gearing of last year was 0.13913286.
==> 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
Lemtech Holdings Co's current ratio of this year was 1.80068858. Lemtech Holdings Co's current ratio of last year was 1.97371879.
==> 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.
Lemtech Holdings Co's number of shares in issue this year was 66.28. Lemtech Holdings Co's number of shares in issue last year was 65.425.
==> 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.
Lemtech Holdings Co's gross margin of this year was 0.21503259. Lemtech Holdings Co's gross margin of last year was 0.22961556.
==> 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
Lemtech Holdings Co's asset turnover of this year was 0.74577926. Lemtech Holdings Co's asset turnover of last year was 0.78168627.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Lemtech Holdings Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Lemtech Holdings Co (TPE:4912) has a Piotroski F-Score of 3 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lemtech Holdings Co and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Lemtech Holdings Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Lemtech Holdings Co ranks #2451 out of 2972 companies in the Industrial Products industry, placing it in the top 82.5%.
Is Lemtech Holdings Co's Piotroski F-Score too high?
Lemtech Holdings Co'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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Lemtech Holdings Co's value of 3 is 40% below this industry median. Based on the distribution chart, Lemtech Holdings Co ranks #2451 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Lemtech Holdings Co has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lemtech Holdings Co's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Lemtech Holdings Co ranks #2451 out of 2972 companies for Piotroski F-Score. This places Lemtech Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Lemtech Holdings Co's value of 3 is 40% below this benchmark. Historically, Lemtech Holdings Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Lemtech Holdings 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Lemtech Holdings Co'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 Lemtech Holdings 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. Lemtech Holdings Co'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 Lemtech Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Lemtech Holdings Co (TPE:4912) is currently considered Possible Value Trap. The stock's GF Value™ is NT$126.74, compared to a current price of NT$86.50 — trading 31.8% below 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 Industrial Products industry median of 5.00. Lemtech Holdings Co's overall GF Score™ is 78/100 with 4 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 Lemtech Holdings Co (TPE:4912), the current Piotroski F-Score is 3 as of Jul. 12, 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 Lemtech Holdings Co (TPE:4912) Overvalued in 2026?
Based on GuruFocus' analysis, Lemtech Holdings Co stock appears to be undervalued.
The current stock price of NT$86.50 is trading 31.8% below its estimated GF Value™ of NT$126.74.
GuruFocus considers Lemtech Holdings Co to be Possible Value Trap.
Key valuation signals for TPE:4912:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: NT$126.74 vs. price of NT$86.50 (31.8% below fair value)
Industry Position: 40% below the Industrial Products median (#2451 of 2972)
No single metric tells the full story. See the TPE:4912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lemtech Holdings Co Ltd focuses on the production and design of various new electronic components, such as fine blanking molds, die casting molds, non-metallic molds, computer connectors and computer heat dissipation modules, and sales of self-produced products. Its solutions consist of Precision Metal Stamping & Weldments, Overmolding, Precision Tooling, Heat Pipe & Vapor Chamber Heatsinks, Thermosiphon, Liquid Cooling/Cold Plate, Electromechanical Sub-Assemblies, Racks and Enclosures, and Slide Rail Kits. Its segments include Manufacturing Department in Taiwan, Manufacturing Department in China, Manufacturing Department in Europe, and Others. It derives the majority of revenue from Manufacturing Department in China.
78GF Score
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