Msscorps Co (TPE:6830) Piotroski F-Score: 4 (As of Aug. 08, 2026) — Near Median

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TPE:6830 Msscorps Co Ltd TPE:6830
62 GF Score
Price NT$398.00
GF Value NT$185.04
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Msscorps Co Piotroski F-Score?

Msscorps Co TPE:6830 -6.35% 62 Piotroski F-Score is 4 as of Aug. 08, 2026, which is at its 10-year median of 4.00. GuruFocus rates TPE:6830 with a GF Score™ of 62/100 and a GF Value™ of NT$185.04 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 981 Semiconductors companies, Msscorps Co ranks worse than 59.02% 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

Msscorps 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 Msscorps Co's Piotroski F-Score or its related term are showing as below:

TPE:6830' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 4

During the past 8 years, the highest Piotroski F-Score of Msscorps Co was 7. The lowest was 3. And the median was 4.

Msscorps Co  (TPE:6830) 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.


Msscorps Co Piotroski F-Score Related Terms


Msscorps Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Msscorps 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.

Msscorps Co Piotroski F-Score Chart

Msscorps Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 4.00 4.00

Msscorps Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.00 3.00 3.00 4.00 4.00

TPE:6830 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Msscorps 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.


Msscorps Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Msscorps Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Msscorps Co's Piotroski F-Score falls into.


TPE:6830
62GF Score
Msscorps Co Ltd TPE:6830
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -14.675 + 30.526 + -3.66 + -31.853 = NT$-20 Mil.
Cash Flow from Operations was 215.25 + 207.048 + 216.212 + 139.647 = NT$778 Mil.
Revenue was 544.836 + 576.924 + 592.194 + 578.726 = NT$2,293 Mil.
Gross Profit was 139.968 + 145.922 + 169.248 + 124.911 = NT$580 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5902.366 + 5801.195 + 5973.21 + 6244.693 + 6462.425) / 5 = NT$6076.7778 Mil.
Total Assets at the begining of this year (Mar25) was NT$5,902 Mil.
Long-Term Debt & Capital Lease Obligation was NT$1,725 Mil.
Total Current Assets was NT$1,598 Mil.
Total Current Liabilities was NT$1,338 Mil.
Net Income was 40.741 + 13.561 + 20.224 + -48.865 = NT$26 Mil.

Revenue was 509.291 + 518.512 + 504.015 + 464.693 = NT$1,997 Mil.
Gross Profit was 160.312 + 140.265 + 114.279 + 61.123 = NT$476 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4657.461 + 5271.563 + 6010.967 + 5927.361 + 5902.366) / 5 = NT$5553.9436 Mil.
Total Assets at the begining of last year (Mar24) was NT$4,657 Mil.
Long-Term Debt & Capital Lease Obligation was NT$2,054 Mil.
Total Current Assets was NT$1,991 Mil.
Total Current Liabilities was NT$589 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.

Msscorps Co's current Net Income (TTM) was -20. ==> 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.

Msscorps Co's current Cash Flow from Operations (TTM) was 778. ==> 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 (Mar25)
=-19.662/5902.366
=-0.00333121

ROA (Last Year)=Net Income/Total Assets (Mar24)
=25.661/4657.461
=0.00550965

Msscorps Co's return on assets of this year was -0.00333121. Msscorps Co's return on assets of last year was 0.00550965. ==> Last year is higher ==> Score 0.

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.

Msscorps Co's current Net Income (TTM) was -20. Msscorps Co's current Cash Flow from Operations (TTM) was 778. ==> 778 > -20 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1724.983/6076.7778
=0.28386475

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2054.218/5553.9436
=0.36986656

Msscorps Co's gearing of this year was 0.28386475. Msscorps Co's gearing of last year was 0.36986656. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1597.883/1337.928
=1.1942967

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1991.486/588.571
=3.38359518

Msscorps Co's current ratio of this year was 1.1942967. Msscorps Co's current ratio of last year was 3.38359518. ==> 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.

Msscorps Co's number of shares in issue this year was 51.909. Msscorps Co's number of shares in issue last year was 51.782. ==> 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
=580.049/2292.68
=0.25300042

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=475.979/1996.511
=0.2384054

Msscorps Co's gross margin of this year was 0.25300042. Msscorps Co's gross margin of last year was 0.2384054. ==> 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 (Mar25)
=2292.68/5902.366
=0.38843406

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1996.511/4657.461
=0.4286694

Msscorps Co's asset turnover of this year was 0.38843406. Msscorps Co's asset turnover of last year was 0.4286694. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+1+0+0+1+0
=4

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

Msscorps Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Msscorps Co (TPE:6830) has a Piotroski F-Score of 4 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Msscorps Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Msscorps Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Msscorps Co ranks #579 out of 981 companies in the Semiconductors industry, placing it in the top 59%.
Is Msscorps Co's Piotroski F-Score too high?
Msscorps Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Msscorps Co's value of 4 is 20% below this industry median. Based on the distribution chart, Msscorps Co ranks #579 out of 981 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Msscorps Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Msscorps Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Msscorps Co ranks #579 out of 981 companies for Piotroski F-Score. This places Msscorps Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Msscorps Co's value of 4 is 20% below this benchmark. Historically, Msscorps 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 4.00 vs. the industry median of 5.00, Msscorps 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 981 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. Msscorps 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 Msscorps Co and its competitors. For the Semiconductors 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. Msscorps Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Msscorps Co stock overvalued right now?
Based on GuruFocus' analysis, Msscorps Co (TPE:6830) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$185.04, compared to a current price of NT$398.00 — trading 115.1% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Semiconductors industry median of 5.00. Msscorps Co's overall GF Score™ is 62/100 with 7 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 Msscorps Co (TPE:6830), the current Piotroski F-Score is 4 as of Aug. 08, 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 Msscorps Co (TPE:6830) Overvalued in 2026?

Based on GuruFocus' analysis, Msscorps Co stock appears to be overvalued. The current stock price of NT$398.00 is trading 115.1% above its estimated GF Value™ of NT$185.04. GuruFocus considers Msscorps Co to be Significantly Overvalued.

Key valuation signals for TPE:6830:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: NT$185.04 vs. price of NT$398.00 (115.1% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 20% below the Semiconductors median (#579 of 981)

No single metric tells the full story. See the TPE:6830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Msscorps Co Business Description

Address No.27, Puding Road, 1st Floor, East District, Hsinchu, TWN
Msscorps Co Ltd engages in the test and analysis of electronic materials, electronics components manufacturing, wholesale of electronic materials, retail sale of electronic materials, international trade, and product designing. The company provides semiconductor materials analysis, chemical engineering analysis, semiconductor device failure analysis services, and other services.
62GF Score

Get the complete analysis for TPE:6830

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

NT$398.00
Price
NT$185.04
GF Value