Kim Forest Enterprise CoTPE:6645 -2.52%59 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 100% above its 10-year median of 2.00. GuruFocus rates TPE:6645 with a GF Score™ of 59/100 and a GF Value™ of NT$24.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 211 Medical Diagnostics & Research companies, Kim Forest Enterprise Co ranks worse than 51.18% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kim Forest Enterprise Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Kim Forest Enterprise Co's Piotroski F-Score or its related term are showing as below:
TPE:6645'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 2 Max: 4
Current: 4
During the past 13 years, the highest Piotroski F-Score of Kim Forest Enterprise Co was 4. The lowest was 1. And the median was 2.
Kim Forest Enterprise Co (TPE:6645) 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.
Kim Forest Enterprise Co Piotroski F-Score Related Terms
Kim Forest Enterprise Co Piotroski F-Score Historical Data
* 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:6645 vs TMO, DHR, IDXX: Piotroski F-Score Comparison
For the Diagnostics & Research subindustry, Kim Forest Enterprise 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.
Kim Forest Enterprise Co Piotroski F-Score vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Kim Forest Enterprise Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kim Forest Enterprise 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 -49.829 + -37.264 + -31.968 + -27.389 = NT$-146.5 Mil. Cash Flow from Operations was -42.192 + -30.395 + -4.643 + 20.063 = NT$-57.2 Mil. Revenue was 102.25 + 125.642 + 144.356 + 176.895 = NT$549.1 Mil. Gross Profit was 10.131 + 21.153 + 23.762 + 29.826 = NT$84.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(1139.259 + 980.409 + 986.621 + 1041.031 + 1017.719) / 5 = NT$1033.0078 Mil. Total Assets at the begining of this year (Dec24) was NT$1,139.3 Mil. Long-Term Debt & Capital Lease Obligation was NT$162.5 Mil. Total Current Assets was NT$417.7 Mil. Total Current Liabilities was NT$339.1 Mil.
Net Income was -39.138 + -40.521 + -35.657 + -44.562 = NT$-159.9 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.
Kim Forest Enterprise Co's current Net Income (TTM) was -146.5.
==> 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.
Score 1 if positive, 0 if negative.
Kim Forest Enterprise Co's current Cash Flow from Operations (TTM) was -57.2.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Kim Forest Enterprise Co's return on assets of this year was -0.12854847. Kim Forest Enterprise Co's return on assets of last year was -0.16480212.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kim Forest Enterprise Co's gearing of this year was 0.15733182. Kim Forest Enterprise Co's gearing of last year was 0.25690057.
==> 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
Kim Forest Enterprise Co's current ratio of this year was 1.23181409. Kim Forest Enterprise Co's current ratio of last year was 2.16374393.
==> 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.
Kim Forest Enterprise Co's number of shares in issue this year was 60.62. Kim Forest Enterprise Co's number of shares in issue last year was 54.489.
==> 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.
Kim Forest Enterprise Co's gross margin of this year was 0.15455355. Kim Forest Enterprise Co's gross margin of last year was 0.1121156.
==> 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
Kim Forest Enterprise Co's asset turnover of this year was 0.4820177. Kim Forest Enterprise Co's asset turnover of last year was 0.51697366.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kim Forest Enterprise Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Kim Forest Enterprise Co (TPE:6645) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kim Forest Enterprise Co and its competitors. This is 100% above median its historical median of 2.00. Over the past decade, Kim Forest Enterprise Co's Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Kim Forest Enterprise Co ranks #108 out of 211 companies in the Medical Diagnostics & Research industry, placing it in the top 51.2%.
Is Kim Forest Enterprise Co's Piotroski F-Score too high?
Kim Forest Enterprise Co's current Piotroski F-Score of 4 is 100% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Medical Diagnostics & Research industry median Piotroski F-Score is 5.00. Kim Forest Enterprise Co's value of 4 is 20% below this industry median. Based on the distribution chart, Kim Forest Enterprise Co ranks #108 out of 211 companies in the Medical Diagnostics & Research industry, which is below the industry midpoint. Overall, Kim Forest Enterprise Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kim Forest Enterprise Co's Piotroski F-Score compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Kim Forest Enterprise Co ranks #108 out of 211 companies for Piotroski F-Score. This places Kim Forest Enterprise Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kim Forest Enterprise Co's value of 4 is 20% below this benchmark. Historically, Kim Forest Enterprise Co's own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, Kim Forest Enterprise 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 a Medical Diagnostics & Research company?
The median Piotroski F-Score among Medical Diagnostics & Research companies is 5.00, based on 211 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. Kim Forest Enterprise Co's current Piotroski F-Score of 4 is 20% 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 Kim Forest Enterprise Co and its competitors. For the Medical Diagnostics & Research 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. Kim Forest Enterprise Co's current Piotroski F-Score is 4, which is 100% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kim Forest Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Kim Forest Enterprise Co (TPE:6645) is currently considered Possible Value Trap. The stock's GF Value™ is NT$24.71, compared to a current price of NT$15.50 — trading 37.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 100% above median its 10-year median of 2.00 and 20% below the Medical Diagnostics & Research industry median of 5.00. Kim Forest Enterprise Co's overall GF Score™ is 59/100 with 6 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 Kim Forest Enterprise Co (TPE:6645), the current Piotroski F-Score is 4 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 Kim Forest Enterprise Co (TPE:6645) Overvalued in 2026?
Based on GuruFocus' analysis, Kim Forest Enterprise Co stock appears to be undervalued.
The current stock price of NT$15.50 is trading 37.3% below its estimated GF Value™ of NT$24.71.
GuruFocus considers Kim Forest Enterprise Co to be Possible Value Trap.
Key valuation signals for TPE:6645:
Piotroski F-Score: 4 (100% above median its 10-year median of 2.00)
GF Value™: NT$24.71 vs. price of NT$15.50 (37.3% below fair value)
Industry Position: 20% below the Medical Diagnostics & Research median (#108 of 211)
No single metric tells the full story. See the TPE:6645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kim Forest Enterprise Co Ltd is engaged in providing clinical medical information, genetic testing services, and biological information. It manufactures medical equipment and also produces drug products. The company's equipment includes Desktop microcentrifuge, Desktop large capacity centrifuge, Filter-type absorption spectrometer, Multifunctional spectrometer, and many more. Its reportable segments are Biomedical products which generates key revenue, and the Precision medicine segment. Geographically, the company generates a majority of its revenue from Taiwan and the rest from the United States of America.
59GF Score
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