Ubiqconn Technology (TPE:6928) Piotroski F-Score: 5 (As of Aug. 13, 2026) — Near Median

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TPE:6928 Ubiqconn Technology Inc TPE:6928
50 GF Score
Price NT$48.40
GF Value NT$39.91
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ubiqconn Technology Piotroski F-Score?

Ubiqconn Technology TPE:6928 -0.21% 50 Piotroski F-Score is 5 as of Aug. 13, 2026, which is at its 10-year median of 5.00. GuruFocus rates TPE:6928 with a GF Score™ of 50/100 and a GF Value™ of NT$39.91 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,416 Hardware companies, Ubiqconn Technology ranks better than 60.1% 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

Ubiqconn Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Ubiqconn Technology's Piotroski F-Score or its related term are showing as below:

TPE:6928' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 7 years, the highest Piotroski F-Score of Ubiqconn Technology was 7. The lowest was 2. And the median was 5.

Ubiqconn Technology  (TPE:6928) 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.


Ubiqconn Technology Piotroski F-Score Related Terms


Ubiqconn Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ubiqconn Technology'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.

Ubiqconn Technology Piotroski F-Score Chart

Ubiqconn Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 5.00 5.00

Ubiqconn Technology Quarterly Data
Dec19 Dec20 Dec21 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 N/A 2.00 4.00 5.00 5.00

TPE:6928 vs DELL, ANET, SNDK: Piotroski F-Score Comparison

For the Computer Hardware subindustry, Ubiqconn Technology'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.


Ubiqconn Technology Piotroski F-Score vs Hardware Industry

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

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


TPE:6928
50GF Score
Ubiqconn Technology Inc TPE:6928
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 -8.324 + -19.62 + -54.187 + -3.353 = NT$-85 Mil.
Cash Flow from Operations was -56.697 + -4.368 + 30.54 + -8.828 = NT$-39 Mil.
Revenue was 536.037 + 482.257 + 340.677 + 547.857 = NT$1,907 Mil.
Gross Profit was 124.787 + 127.361 + 107.63 + 153.351 = NT$513 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2767.037 + 2750.302 + 2745.233 + 2649.398 + 2584.683) / 5 = NT$2699.3306 Mil.
Total Assets at the begining of this year (Mar25) was NT$2,767 Mil.
Long-Term Debt & Capital Lease Obligation was NT$34 Mil.
Total Current Assets was NT$2,200 Mil.
Total Current Liabilities was NT$477 Mil.
Net Income was -37.377 + -28.643 + -25.873 + 19.765 = NT$-72 Mil.

Revenue was 572.715 + 449.755 + 482.434 + 611.114 = NT$2,116 Mil.
Gross Profit was 122.656 + 80.753 + 121.128 + 160.018 = NT$485 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17763.639 + 3011.813 + 2751.44 + 2737.967 + 2767.037) / 5 = NT$5806.3792 Mil.
Total Assets at the begining of last year (Mar24) was NT$17,764 Mil.
Long-Term Debt & Capital Lease Obligation was NT$39 Mil.
Total Current Assets was NT$2,568 Mil.
Total Current Liabilities was NT$575 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.

Ubiqconn Technology's current Net Income (TTM) was -85. ==> 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.

Ubiqconn Technology's current Cash Flow from Operations (TTM) was -39. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-85.484/2767.037
=-0.0308937

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-72.128/17763.639
=-0.00406043

Ubiqconn Technology's return on assets of this year was -0.0308937. Ubiqconn Technology's return on assets of last year was -0.00406043. ==> 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.

Ubiqconn Technology's current Net Income (TTM) was -85. Ubiqconn Technology's current Cash Flow from Operations (TTM) was -39. ==> -39 > -85 ==> 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
=33.899/2699.3306
=0.0125583

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=39.428/5806.3792
=0.00679046

Ubiqconn Technology's gearing of this year was 0.0125583. Ubiqconn Technology's gearing of last year was 0.00679046. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2199.785/477.17
=4.6100656

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2567.75/574.772
=4.4674236

Ubiqconn Technology's current ratio of this year was 4.6100656. Ubiqconn Technology's current ratio of last year was 4.4674236. ==> This year's current ratio is higher. ==> Score 1.

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.

Ubiqconn Technology's number of shares in issue this year was 83.825. Ubiqconn Technology's number of shares in issue last year was 85.935. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=513.129/1906.828
=0.26910083

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=484.555/2116.018
=0.2289938

Ubiqconn Technology's gross margin of this year was 0.26910083. Ubiqconn Technology's gross margin of last year was 0.2289938. ==> 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)
=1906.828/2767.037
=0.6891227

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2116.018/17763.639
=0.11912075

Ubiqconn Technology's asset turnover of this year was 0.6891227. Ubiqconn Technology's asset turnover of last year was 0.11912075. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

Ubiqconn Technology has an F-score of 5 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 5 mean?
Ubiqconn Technology (TPE:6928) has a Piotroski F-Score of 5 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ubiqconn Technology and its competitors. This is near median its historical median of 5.00. Over the past decade, Ubiqconn Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Ubiqconn Technology ranks #964 out of 2416 companies in the Hardware industry, placing it in the top 39.9%.
Is Ubiqconn Technology's Piotroski F-Score too high?
Ubiqconn Technology's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. Ubiqconn Technology's value of 5 is 0% at this industry median. Based on the distribution chart, Ubiqconn Technology ranks #964 out of 2416 companies in the Hardware industry, which is above the industry midpoint. Overall, Ubiqconn Technology has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ubiqconn Technology's Piotroski F-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Ubiqconn Technology ranks #964 out of 2416 companies for Piotroski F-Score. This puts Ubiqconn Technology in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ubiqconn Technology's value of 5 is 0% at this benchmark. Historically, Ubiqconn Technology's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ubiqconn Technology has consistently been at 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 2,416 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. Ubiqconn Technology's current Piotroski F-Score of 5 is 0% at 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 Ubiqconn Technology 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. Ubiqconn Technology's current Piotroski F-Score is 5, which is near 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 Ubiqconn Technology stock overvalued right now?
Based on GuruFocus' analysis, Ubiqconn Technology (TPE:6928) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$39.91, compared to a current price of NT$48.40 — trading 21.3% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Hardware industry median of 5.00. Ubiqconn Technology's overall GF Score™ is 50/100 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 Ubiqconn Technology (TPE:6928), the current Piotroski F-Score is 5 as of Aug. 13, 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 Ubiqconn Technology (TPE:6928) Overvalued in 2026?

Based on GuruFocus' analysis, Ubiqconn Technology stock appears to be overvalued. The current stock price of NT$48.40 is trading 21.3% above its estimated GF Value™ of NT$39.91. GuruFocus considers Ubiqconn Technology to be Modestly Overvalued.

Key valuation signals for TPE:6928:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: NT$39.91 vs. price of NT$48.40 (21.3% above fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 0% at the Hardware median (#964 of 2416)

No single metric tells the full story. See the TPE:6928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ubiqconn Technology Business Description

Address No.300, Yangguang Street, 4th Floor, Neihu District, Taipei City, TWN, 11491
Ubiqconn Technology Inc is predominantly engaged in the manufacturing and trading of industrial computers, in-vehicle products, electronic components, and peripheral equipment. Geographically, the company generates a majority of its revenue from the United States, Netherlands, Brazil, Taiwan, Australia, and other regions.
50GF Score

Get the complete analysis for TPE:6928

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

NT$48.40
Price
NT$39.91
GF Value