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Daxin Materials CoTPE:5234 +3.16%83 Piotroski F-Score is 8 as of Jul. 15, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TPE:5234 with a GF Score™ of 83/100 and a GF Value™ of NT$194.53 (Significantly Overvalued). Among 1,562 Chemicals companies, Daxin Materials Co ranks better than 97.25% 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
Daxin Materials 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 Daxin Materials Co's Piotroski F-Score or its related term are showing as below:
TPE:5234'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Daxin Materials Co was 8. The lowest was 4. And the median was 7.
Daxin Materials Co (TPE:5234) 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.
Daxin Materials Co Piotroski F-Score Related Terms
Daxin Materials Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Daxin Materials 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:5234 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Daxin Materials 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.
Daxin Materials Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Daxin Materials Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Daxin Materials 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 192.841 + 159.363 + 195.754 + 208.997 = NT$757 Mil. Cash Flow from Operations was 197.297 + 121.762 + 226.868 + 434.893 = NT$981 Mil. Revenue was 1106.061 + 1151.078 + 1186.248 + 1186.392 = NT$4,630 Mil. Gross Profit was 452.711 + 466.548 + 470.647 + 489.59 = NT$1,879 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(4949.497 + 5050.026 + 4702.869 + 4837.096 + 5113.491) / 5 = NT$4930.5958 Mil. Total Assets at the begining of this year (Dec24) was NT$4,949 Mil. Long-Term Debt & Capital Lease Obligation was NT$224 Mil. Total Current Assets was NT$3,422 Mil. Total Current Liabilities was NT$1,360 Mil.
Net Income was 114.001 + 143.743 + 133.139 + 179.729 = NT$571 Mil.
Revenue was 948.762 + 1028.213 + 1073.46 + 1067.412 = NT$4,118 Mil. Gross Profit was 334.124 + 382.868 + 398.001 + 402.854 = NT$1,518 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(4642.061 + 4762.099 + 4762.716 + 4666.302 + 4949.497) / 5 = NT$4756.535 Mil. Total Assets at the begining of last year (Dec23) was NT$4,642 Mil. Long-Term Debt & Capital Lease Obligation was NT$397 Mil. Total Current Assets was NT$3,259 Mil. Total Current Liabilities was NT$1,266 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.
Daxin Materials Co's current Net Income (TTM) was 757.
==> 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.
Daxin Materials Co's return on assets of this year was 0.15293574. Daxin Materials Co's return on assets of last year was 0.12292212.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Daxin Materials Co's gearing of this year was 0.04546144. Daxin Materials Co's gearing of last year was 0.08355368.
==> 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
Daxin Materials Co's current ratio of this year was 2.51612018. Daxin Materials Co's current ratio of last year was 2.57473538.
==> 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.
Daxin Materials Co's number of shares in issue this year was 103.146. Daxin Materials Co's number of shares in issue last year was 103.386.
==> 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.
Daxin Materials Co's gross margin of this year was 0.40595804. Daxin Materials Co's gross margin of last year was 0.36860209.
==> 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
Daxin Materials Co's asset turnover of this year was 0.93540394. Daxin Materials Co's asset turnover of last year was 0.887073.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Daxin Materials Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Daxin Materials Co (TPE:5234) has a Piotroski F-Score of 8 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Daxin Materials Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Daxin Materials Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Daxin Materials Co ranks #43 out of 1562 companies in the Chemicals industry, placing it in the top 2.8%.
Is Daxin Materials Co's Piotroski F-Score too high?
Daxin Materials 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 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Daxin Materials Co's value of 8 is 60% above this industry median. Based on the distribution chart, Daxin Materials Co ranks #43 out of 1562 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Daxin Materials Co has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daxin Materials Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Daxin Materials Co ranks #43 out of 1562 companies for Piotroski F-Score. This places Daxin Materials Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Daxin Materials Co's value of 8 is 60% above this benchmark. Historically, Daxin Materials Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Daxin Materials 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 a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. Daxin Materials 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 Daxin Materials Co and its competitors. For the Chemicals 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. Daxin Materials 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 Daxin Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Daxin Materials Co (TPE:5234) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$194.53, compared to a current price of NT$376.00 — trading 93.3% above 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 Chemicals industry median of 5.00. Daxin Materials Co's overall GF Score™ is 83/100. 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 Daxin Materials Co (TPE:5234), the current Piotroski F-Score is 8 as of Jul. 15, 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 Daxin Materials Co (TPE:5234) Overvalued in 2026?
Based on GuruFocus' analysis, Daxin Materials Co stock appears to be overvalued.
The current stock price of NT$376.00 is trading 93.3% above its estimated GF Value™ of NT$194.53.
GuruFocus considers Daxin Materials Co to be Significantly Overvalued.
Key valuation signals for TPE:5234:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: NT$194.53 vs. price of NT$376.00 (93.3% above fair value)
Industry Position: 60% above the Chemicals median (#43 of 1562)
No single metric tells the full story. See the TPE:5234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daxin Materials Co Ltd is engaged in the research, design, manufacture, and sale of semiconductors and display-related fine chemicals. Its product portfolio consists of Semiconductor Materials which includes Laser Release Layer, Photosensitive Dielectric/Pass, High-Purity Specialty Chemical, and High-Purity Specialty Chemical; Display Materials include LCD materials, and touch panels materials; Key Raw Materials include functional monomer, and Specialty Polymer; and Instrument analysis includes analytical equipment. Geographically, it operates in Taiwan, China, and others, with Taiwan generating the majority of the revenue.
83GF Score
Get the complete analysis for TPE:5234
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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