CHT Security Co (TPE:7765) Piotroski F-Score: 4 (As of Jul. 05, 2026) — Near Median


TPE:7765 CHT Security Co Ltd TPE:7765
26 GF Score
Price NT$222.00
! 1 Warning Sign
View Full Analysis

What is CHT Security Co Piotroski F-Score?

CHT Security Co TPE:7765 +0.23% 26 Piotroski F-Score is 4 as of Jul. 05, 2026, which is at its 10-year median of 4.00. GuruFocus rates TPE:7765 with a GF Score™ of 26/100. The stock has 1 warning sign investors should review. Among 2,739 Software companies, CHT Security Co ranks worse than 60.17% 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

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

TPE:7765' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 4
Current: 4

During the past 6 years, the highest Piotroski F-Score of CHT Security Co was 4. The lowest was 4. And the median was 4.

CHT Security Co  (TPE:7765) 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.


CHT Security Co Piotroski F-Score Related Terms


CHT Security Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CHT Security 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.

CHT Security Co Piotroski F-Score Chart

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

CHT Security Co Quarterly Data
Dec20 Dec21 Dec22 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 N/A N/A 6.00 N/A 4.00

TPE:7765 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, CHT Security 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.


CHT Security Co Piotroski F-Score vs Software Industry

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

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


TPE:7765
26GF Score
CHT Security Co Ltd TPE:7765
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 123.432 + 97.511 + 96.197 + 119.787 = NT$437 Mil.
Cash Flow from Operations was 85.443 + 109.435 + 73.966 + 147.854 = NT$417 Mil.
Revenue was 516.219 + 462.817 + 490.197 + 576.337 = NT$2,046 Mil.
Gross Profit was 246.737 + 216.025 + 218.755 + 278.833 = NT$960 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(1691.78 + 1682.397 + 1854.784 + 2632.254 + 2832.672) / 5 = NT$2138.7774 Mil.
Total Assets at the begining of this year (Dec24) was NT$1,692 Mil.
Long-Term Debt & Capital Lease Obligation was NT$17 Mil.
Total Current Assets was NT$2,481 Mil.
Total Current Liabilities was NT$747 Mil.
Net Income was 127.569 + 65.804 + 71.976 + 113.837 = NT$379 Mil.

Revenue was 499.131 + 356.792 + 462.553 + 655.183 = NT$1,974 Mil.
Gross Profit was 245.39 + 160.433 + 185.277 + 274.455 = NT$866 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(1368.876 + 0 + 1489.384 + 0 + 1691.78) / 5 = NT$1516.68 Mil.
Total Assets at the begining of last year (Dec23) was NT$1,369 Mil.
Long-Term Debt & Capital Lease Obligation was NT$0 Mil.
Total Current Assets was NT$1,403 Mil.
Total Current Liabilities was NT$745 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.

CHT Security Co's current Net Income (TTM) was 437. ==> 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.

CHT Security Co's current Cash Flow from Operations (TTM) was 417. ==> 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)
=436.927/1691.78
=0.25826467

ROA (Last Year)=Net Income/Total Assets (Dec23)
=379.186/1368.876
=0.27700537

CHT Security Co's return on assets of this year was 0.25826467. CHT Security Co's return on assets of last year was 0.27700537. ==> 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.

CHT Security Co's current Net Income (TTM) was 437. CHT Security Co's current Cash Flow from Operations (TTM) was 417. ==> 417 <= 437 ==> CFROA <= ROA ==> Score 0.

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
=16.924/2138.7774
=0.00791293

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.462/1516.68
=0.00030461

CHT Security Co's gearing of this year was 0.00791293. CHT Security Co's gearing of last year was 0.00030461. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=2481.143/746.544
=3.32350538

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1402.661/745.468
=1.88158445

CHT Security Co's current ratio of this year was 3.32350538. CHT Security Co's current ratio of last year was 1.88158445. ==> 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.

CHT Security Co's number of shares in issue this year was 40.893. CHT Security Co's number of shares in issue last year was 37.005. ==> 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
=960.35/2045.57
=0.46947795

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=865.555/1973.659
=0.43855347

CHT Security Co's gross margin of this year was 0.46947795. CHT Security Co's gross margin of last year was 0.43855347. ==> 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 (Dec24)
=2045.57/1691.78
=1.20912294

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1973.659/1368.876
=1.44180992

CHT Security Co's asset turnover of this year was 1.20912294. CHT Security Co's asset turnover of last year was 1.44180992. ==> 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+0+0+1+0+1+0
=4

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

CHT Security 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?
CHT Security Co (TPE:7765) has a Piotroski F-Score of 4 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CHT Security Co and its competitors. This is near median its historical median of 4.00. Over the past decade, CHT Security Co's Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, CHT Security Co ranks #1648 out of 2739 companies in the Software industry, placing it in the top 60.2%.
Is CHT Security Co's Piotroski F-Score too high?
CHT Security 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 4.00 to a high of 4.00. The Software industry median Piotroski F-Score is 5.00. CHT Security Co's value of 4 is 20% below this industry median. Based on the distribution chart, CHT Security Co ranks #1648 out of 2739 companies in the Software industry, which is below the industry midpoint. Overall, CHT Security Co has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does CHT Security Co's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, CHT Security Co ranks #1648 out of 2739 companies for Piotroski F-Score. This places CHT Security Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CHT Security Co's value of 4 is 20% below this benchmark. Historically, CHT Security Co's own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, CHT Security 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,739 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. CHT Security 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 CHT Security Co and its competitors. For the Software 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. CHT Security 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 CHT Security Co stock overvalued right now?
CHT Security Co (TPE:7765) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Software industry median of 5.00. CHT Security Co's overall GF Score™ is 26/100 with 1 warning sign 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 CHT Security Co (TPE:7765), the current Piotroski F-Score is 4 as of Jul. 05, 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.

CHT Security Co Business Description

Address Hangzhou South Road, 8th Floor, No. 26, Section 1, Zhongzheng District, Taipei, TWN, 100019
CHT Security Co Ltd is engaged in providing information security services. The company integrates research, development, practice, and technical capabilities to provide information security products and services. The products and services provided by the company include Government agency information security solutions, securities industry information security solutions, manufacturing information security solutions, and others.
26GF Score

Get the complete analysis for TPE:7765

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

NT$222.00
Price