Mega Union TechnologyTPE:6944 71 Piotroski F-Score is 7 as of Jul. 10, 2026, which is 13% below its 10-year median of 8.00. GuruFocus rates TPE:6944 with a GF Score™ of 71/100 and a GF Value™ of NT$688.78 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,974 Industrial Products companies, Mega Union Technology ranks better than 90.79% 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
Mega Union Technology 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 Mega Union Technology's Piotroski F-Score or its related term are showing as below:
TPE:6944'
s Piotroski F-Score Range Over the Past 10 Years
Min: 7 Med: 8 Max: 9
Current: 7
During the past 6 years, the highest Piotroski F-Score of Mega Union Technology was 9. The lowest was 7. And the median was 8.
Mega Union Technology (TPE:6944) 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.
Mega Union Technology Piotroski F-Score Related Terms
Mega Union Technology Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Mega Union 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.
TPE:6944 vs VLTO, ZWS, CECO: Piotroski F-Score Comparison
For the Pollution & Treatment Controls subindustry, Mega Union 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.
Mega Union Technology Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mega Union Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mega Union Technology'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 419.147 + 510.745 + 683.064 + 758.569 = NT$2,372 Mil. Cash Flow from Operations was 564.234 + -203.963 + 597.501 + 1986.973 = NT$2,945 Mil. Revenue was 3039.804 + 3731.742 + 4785.724 + 5355.651 = NT$16,913 Mil. Gross Profit was 669.221 + 783.367 + 1090.163 + 1280.64 = NT$3,823 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(9753.802 + 10312.521 + 13378.296 + 13627.811 + 15484.59) / 5 = NT$12511.404 Mil. Total Assets at the begining of this year (Dec24) was NT$9,754 Mil. Long-Term Debt & Capital Lease Obligation was NT$205 Mil. Total Current Assets was NT$13,110 Mil. Total Current Liabilities was NT$7,022 Mil.
Net Income was 331.456 + 365.408 + 331.048 + 484.176 = NT$1,512 Mil.
Revenue was 2184.314 + 2432.75 + 2597.882 + 3085.248 = NT$10,300 Mil. Gross Profit was 509.208 + 582.04 + 530.973 + 726.296 = NT$2,349 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(7958.249 + 0 + 8770.791 + 8232.769 + 9753.802) / 5 = NT$8678.90275 Mil. Total Assets at the begining of last year (Dec23) was NT$7,958 Mil. Long-Term Debt & Capital Lease Obligation was NT$441 Mil. Total Current Assets was NT$7,874 Mil. Total Current Liabilities was NT$4,747 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.
Mega Union Technology's current Net Income (TTM) was 2,372.
==> 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.
Score 1 if positive, 0 if negative.
Mega Union Technology's current Cash Flow from Operations (TTM) was 2,945.
==> 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.
Mega Union Technology's return on assets of this year was 0.24313852. Mega Union Technology's return on assets of last year was 0.1900026.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mega Union Technology's gearing of this year was 0.01638713. Mega Union Technology's gearing of last year was 0.05086795.
==> 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
Mega Union Technology's current ratio of this year was 1.8669358. Mega Union Technology's current ratio of last year was 1.65887053.
==> 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.
Mega Union Technology's number of shares in issue this year was 77.342. Mega Union Technology's number of shares in issue last year was 67.711.
==> 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.
Mega Union Technology's gross margin of this year was 0.22606332. Mega Union Technology's gross margin of last year was 0.22800706.
==> Last year's gross margin is higher ==> Score 0.
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
Mega Union Technology's asset turnover of this year was 1.7339824. Mega Union Technology's asset turnover of last year was 1.29427893.
==> 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
Mega Union Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Mega Union Technology (TPE:6944) has a Piotroski F-Score of 7 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mega Union Technology and its competitors. This is 13% below median its historical median of 8.00. Over the past decade, Mega Union Technology's Piotroski F-Score has ranged from 7.00 to 9.00. According to the industry distribution chart, Mega Union Technology ranks #274 out of 2974 companies in the Industrial Products industry, placing it in the top 9.2%.
Is Mega Union Technology's Piotroski F-Score too high?
Mega Union Technology's current Piotroski F-Score of 7 is 13% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Mega Union Technology's value of 7 is 40% above this industry median. Based on the distribution chart, Mega Union Technology ranks #274 out of 2974 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Mega Union Technology has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mega Union Technology's Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Mega Union Technology ranks #274 out of 2974 companies for Piotroski F-Score. This places Mega Union Technology in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mega Union Technology's value of 7 is 40% above this benchmark. Historically, Mega Union Technology's own Piotroski F-Score has ranged from 7.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Mega Union Technology 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,974 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. Mega Union Technology'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 Mega Union Technology and its competitors. For the Industrial Products 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. Mega Union Technology's current Piotroski F-Score is 7, which is 13% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega Union Technology stock overvalued right now?
Based on GuruFocus' analysis, Mega Union Technology (TPE:6944) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$688.78, compared to a current price of NT$998.00 — trading 44.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 13% below median its 10-year median of 8.00 and 40% above the Industrial Products industry median of 5.00. Mega Union Technology's overall GF Score™ is 71/100 with 4 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 Mega Union Technology (TPE:6944), the current Piotroski F-Score is 7 as of Jul. 10, 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 Mega Union Technology (TPE:6944) Overvalued in 2026?
Based on GuruFocus' analysis, Mega Union Technology stock appears to be overvalued.
The current stock price of NT$998.00 is trading 44.9% above its estimated GF Value™ of NT$688.78.
GuruFocus considers Mega Union Technology to be Significantly Overvalued.
Key valuation signals for TPE:6944:
Piotroski F-Score: 7 (13% below median its 10-year median of 8.00)
GF Value™: NT$688.78 vs. price of NT$998.00 (44.9% above fair value)
Industry Position: 40% above the Industrial Products median (#274 of 2974)
No single metric tells the full story. See the TPE:6944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega Union Technology Inc is engaged in the planning, design, and installation of ultrapure water and wastewater recycling systems. It focuses on water recovery and recycling, prolonging the cycle life of water, and reducing the depletion of water resources. It offers Seawater desalination/general industrial water/ultrapure water production systems; Wastewater Treatment Systems / Recycled Water Treatment Systems; and Chemical Recycling Manufacturing Systems. The company's operating segments include the Construction segment and Other segments.
71GF Score
Get the complete analysis for TPE:6944
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