Apogee Optocom CoTPE:6426 -9.81%54 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TPE:6426 with a GF Score™ of 54/100 and a GF Value™ of NT$88.88 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,426 Hardware companies, Apogee Optocom Co ranks better than 91.14% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Apogee Optocom Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Apogee Optocom Co's Piotroski F-Score or its related term are showing as below:
TPE:6426'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Apogee Optocom Co was 9. The lowest was 4. And the median was 6.
Apogee Optocom Co (TPE:6426) 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.
Apogee Optocom Co Piotroski F-Score Related Terms
Apogee Optocom Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Apogee Optocom 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:6426 vs CSCO, CIEN, MSI: Piotroski F-Score Comparison
For the Communication Equipment subindustry, Apogee Optocom 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.
Apogee Optocom Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Apogee Optocom Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Apogee Optocom 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 -21.699 + -46.83 + 27.004 + 11.539 = NT$-30.0 Mil. Cash Flow from Operations was -0.434 + -1.698 + 19.147 + 66.85 = NT$83.9 Mil. Revenue was 98.846 + 113.922 + 134.601 + 139.941 = NT$487.3 Mil. Gross Profit was 15.355 + 22.885 + 57.156 + 50.349 = NT$145.7 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(1062.653 + 1028.454 + 1003.493 + 998.879 + 1020.222) / 5 = NT$1022.7402 Mil. Total Assets at the begining of this year (Dec24) was NT$1,062.7 Mil. Long-Term Debt & Capital Lease Obligation was NT$2.7 Mil. Total Current Assets was NT$810.6 Mil. Total Current Liabilities was NT$113.1 Mil.
Net Income was -32.506 + -32.04 + -39.36 + -34.037 = NT$-137.9 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.
Apogee Optocom Co's current Net Income (TTM) was -30.0.
==> 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.
Apogee Optocom Co's return on assets of this year was -0.02821805. Apogee Optocom Co's return on assets of last year was -0.11060765.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Apogee Optocom Co's gearing of this year was 0.00264094. Apogee Optocom Co's gearing of last year was 0.01259716.
==> 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
Apogee Optocom Co's current ratio of this year was 7.16836464. Apogee Optocom Co's current ratio of last year was 8.12184934.
==> 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.
Apogee Optocom Co's number of shares in issue this year was 38.509. Apogee Optocom Co's number of shares in issue last year was 38.509.
==> 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.
Apogee Optocom Co's gross margin of this year was 0.29908067. Apogee Optocom Co's gross margin of last year was 0.00820974.
==> 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
Apogee Optocom Co's asset turnover of this year was 0.45857867. Apogee Optocom Co's asset turnover of last year was 0.26448717.
==> 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
Apogee Optocom Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Apogee Optocom Co (TPE:6426) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Apogee Optocom Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Apogee Optocom Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Apogee Optocom Co ranks #215 out of 2426 companies in the Hardware industry, placing it in the top 8.9%.
Is Apogee Optocom Co's Piotroski F-Score too high?
Apogee Optocom Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Apogee Optocom Co's value of 7 is 40% above this industry median. Based on the distribution chart, Apogee Optocom Co ranks #215 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Apogee Optocom Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apogee Optocom Co's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Apogee Optocom Co ranks #215 out of 2426 companies for Piotroski F-Score. This places Apogee Optocom Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Apogee Optocom Co's value of 7 is 40% above this benchmark. Historically, Apogee Optocom 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 6.00 vs. the industry median of 5.00, Apogee Optocom 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. Apogee Optocom Co's current Piotroski F-Score of 7 is 40% 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 Apogee Optocom Co 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. Apogee Optocom Co's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apogee Optocom Co stock overvalued right now?
Based on GuruFocus' analysis, Apogee Optocom Co (TPE:6426) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$88.88, compared to a current price of NT$193.00 — trading 117.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Hardware industry median of 5.00. Apogee Optocom Co's overall GF Score™ is 54/100 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 Apogee Optocom Co (TPE:6426), the current Piotroski F-Score is 7 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 Apogee Optocom Co (TPE:6426) Overvalued in 2026?
Based on GuruFocus' analysis, Apogee Optocom Co stock appears to be overvalued.
The current stock price of NT$193.00 is trading 117.1% above its estimated GF Value™ of NT$88.88.
GuruFocus considers Apogee Optocom Co to be Significantly Overvalued.
Key valuation signals for TPE:6426:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: NT$88.88 vs. price of NT$193.00 (117.1% above fair value)
Industry Position: 40% above the Hardware median (#215 of 2426)
No single metric tells the full story. See the TPE:6426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apogee Optocom Co Ltd is a communication component manufacturer based in Taiwan. Its product offerings mainly include thin-film filters for active optical communication components (E-PON, G-PON) and thin-film filters for passive optical communication components (CWDM, DWDM). Additionally, Group is involved in optical and functional thin film processing, and offers optical filters for 1.6T Gbps optical communication modules, co-packaged optics coating applications, and bandpass filters for mid-infrared (MIR) sensors. It also offers measurement instruments like white light interferometers, spectrometers, and mid and far-infrared spectrometers. The Group's reportable operating segments are: the parent company, which derives key revenue, and Subsidiary. Geographically, its key market is China.
54GF Score
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