King Shing Industrial Co (TPE:7732) Piotroski F-Score: 5 (As of Jul. 06, 2026) — 29% Below Median


TPE:7732 King Shing Industrial Co Ltd TPE:7732
40 GF Score
Price NT$35.45
! 5 Warning Signs
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What is King Shing Industrial Co Piotroski F-Score?

King Shing Industrial Co TPE:7732 -0.56% 40 Piotroski F-Score is 5 as of Jul. 06, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates TPE:7732 with a GF Score™ of 40/100. The stock has 5 warning signs investors should review. Among 2,976 Industrial Products companies, King Shing Industrial Co ranks better than 56.35% 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

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

TPE:7732' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 5

During the past 7 years, the highest Piotroski F-Score of King Shing Industrial Co was 8. The lowest was 5. And the median was 7.

King Shing Industrial Co  (TPE:7732) 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.


King Shing Industrial Co Piotroski F-Score Related Terms


King Shing Industrial Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for King Shing Industrial 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.

King Shing Industrial Co Piotroski F-Score Chart

King Shing Industrial Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 8.00 5.00

King Shing Industrial Co Quarterly Data
Dec19 Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 8.00 N/A 5.00 N/A 5.00

TPE:7732 vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, King Shing Industrial 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.


King Shing Industrial Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, King Shing Industrial Co's Piotroski F-Score distribution charts can be found below:

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


TPE:7732
40GF Score
King Shing Industrial Co Ltd TPE:7732
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 54.13 + 0.46 + 29.971 + 27.781 = NT$112 Mil.
Cash Flow from Operations was 17.283 + 32.314 + 84.314 + 24.734 = NT$159 Mil.
Revenue was 332.639 + 318.319 + 225.861 + 215.498 = NT$1,092 Mil.
Gross Profit was 99.627 + 96.711 + 65.253 + 62.06 = NT$324 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2028.847 + 2360.436 + 2121.538 + 2136.905 + 2240.725) / 5 = NT$2177.6902 Mil.
Total Assets at the begining of this year (Dec24) was NT$2,029 Mil.
Long-Term Debt & Capital Lease Obligation was NT$4 Mil.
Total Current Assets was NT$1,161 Mil.
Total Current Liabilities was NT$364 Mil.
Net Income was 65.771 + 65.954 + -6.05 + 40.326 = NT$166 Mil.

Revenue was 295.03 + 339.981 + 202.924 + 247.193 = NT$1,085 Mil.
Gross Profit was 104.002 + 123.026 + 53.314 + 68.559 = NT$349 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(1942.124 + 0 + 1998.586 + 1996.065 + 2028.847) / 5 = NT$1991.4055 Mil.
Total Assets at the begining of last year (Dec23) was NT$1,942 Mil.
Long-Term Debt & Capital Lease Obligation was NT$6 Mil.
Total Current Assets was NT$1,055 Mil.
Total Current Liabilities was NT$332 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.

King Shing Industrial Co's current Net Income (TTM) was 112. ==> 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.

King Shing Industrial Co's current Cash Flow from Operations (TTM) was 159. ==> 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 (Dec24)
=112.342/2028.847
=0.05537234

ROA (Last Year)=Net Income/Total Assets (Dec23)
=166.001/1942.124
=0.08547395

King Shing Industrial Co's return on assets of this year was 0.05537234. King Shing Industrial Co's return on assets of last year was 0.08547395. ==> 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.

King Shing Industrial Co's current Net Income (TTM) was 112. King Shing Industrial Co's current Cash Flow from Operations (TTM) was 159. ==> 159 > 112 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=3.723/2177.6902
=0.00170961

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5.556/1991.4055
=0.00278999

King Shing Industrial Co's gearing of this year was 0.00170961. King Shing Industrial Co's gearing of last year was 0.00278999. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1161.177/364.131
=3.18889905

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1054.852/331.801
=3.17917065

King Shing Industrial Co's current ratio of this year was 3.18889905. King Shing Industrial Co's current ratio of last year was 3.17917065. ==> 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.

King Shing Industrial Co's number of shares in issue this year was 64.57. King Shing Industrial Co's number of shares in issue last year was 60.071. ==> 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
=323.651/1092.317
=0.29629769

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=348.901/1085.128
=0.32152981

King Shing Industrial Co's gross margin of this year was 0.29629769. King Shing Industrial Co's gross margin of last year was 0.32152981. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=1092.317/2028.847
=0.53839299

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1085.128/1942.124
=0.5587326

King Shing Industrial Co's asset turnover of this year was 0.53839299. King Shing Industrial Co's asset turnover of last year was 0.5587326. ==> 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
=1+1+0+1+1+1+0+0+0
=5

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

King Shing Industrial Co 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?
King Shing Industrial Co (TPE:7732) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on King Shing Industrial Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, King Shing Industrial Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, King Shing Industrial Co ranks #1299 out of 2976 companies in the Industrial Products industry, placing it in the top 43.6%.
Is King Shing Industrial Co's Piotroski F-Score too high?
King Shing Industrial Co's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. King Shing Industrial Co's value of 5 is 0% at this industry median. Based on the distribution chart, King Shing Industrial Co ranks #1299 out of 2976 companies in the Industrial Products industry, which is above the industry midpoint. Overall, King Shing Industrial Co has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does King Shing Industrial Co's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, King Shing Industrial Co ranks #1299 out of 2976 companies for Piotroski F-Score. This puts King Shing Industrial Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. King Shing Industrial Co's value of 5 is 0% at this benchmark. Historically, King Shing Industrial Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, King Shing Industrial Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. King Shing Industrial Co'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 King Shing Industrial Co 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. King Shing Industrial Co's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King Shing Industrial Co stock overvalued right now?
King Shing Industrial Co (TPE:7732) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Industrial Products industry median of 5.00. King Shing Industrial Co's overall GF Score™ is 40/100 with 5 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 King Shing Industrial Co (TPE:7732), the current Piotroski F-Score is 5 as of Jul. 06, 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.

King Shing Industrial Co Business Description

Address No. 3, Gongye 1st Road, Yongfeng Village, Pingzhen District, Taoyuan, TWN, 32461
King Shing Industrial Co Ltd and its subsidiaries are mainly engaged in the research, development, manufacturing, and sales of automotive parts. The Company's main industries include fan assy, blower, timing cover, DC motor, PWM & LIN module, injection part, stamping part, molding design, and molding manufacture. Its products include fan assy, blower, blade, shroud, motor, timing cover, and brushless motor. The Company also provides solutions including product development, R&D test equipment, mold and tooling shop in Thailand, plastic injection molding, and others. Geographically, the Company generates the majority of its revenue from the USA.
40GF Score

Get the complete analysis for TPE:7732

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

NT$35.45
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