Mitac Digital TechnologyTPE:7821 -0.35%20 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates TPE:7821 with a GF Score™ of 20/100. The stock has 2 warning signs investors should review. Among 2,424 Hardware companies, Mitac Digital Technology ranks better than 59.49% 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
Mitac Digital 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 Mitac Digital Technology's Piotroski F-Score or its related term are showing as below:
TPE:7821'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 5 Max: 5
Current: 5
During the past 4 years, the highest Piotroski F-Score of Mitac Digital Technology was 5. The lowest was 5. And the median was 5.
Mitac Digital Technology (TPE:7821) 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.
Mitac Digital Technology Piotroski F-Score Related Terms
Mitac Digital Technology Piotroski F-Score Historical Data
* 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:7821 vs CSCO, CIEN, MSI: Piotroski F-Score Comparison
For the Communication Equipment subindustry, Mitac Digital 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.
Mitac Digital Technology Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Mitac Digital Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mitac Digital 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.
*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.
Mitac Digital Technology's current Net Income (TTM) was 327.
==> 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.
Mitac Digital Technology's current Cash Flow from Operations (TTM) was 232.
==> 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.
Mitac Digital Technology's return on assets of this year was 0.04866366. Mitac Digital Technology's return on assets of last year was 0.03698513.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mitac Digital Technology's gearing of this year was 0.00787327. Mitac Digital Technology's gearing of last year was 0.0130851.
==> 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
Mitac Digital Technology's current ratio of this year was 1.43489537. Mitac Digital Technology's current ratio of last year was 1.37586648.
==> 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.
Mitac Digital Technology's number of shares in issue this year was 113.888. Mitac Digital Technology's number of shares in issue last year was 106.764.
==> 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.
Mitac Digital Technology's gross margin of this year was 0.24513487. Mitac Digital Technology's gross margin of last year was 0.2558832.
==> 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
Mitac Digital Technology's asset turnover of this year was 1.23866453. Mitac Digital Technology's asset turnover of last year was 1.50944785.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mitac Digital Technology has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Mitac Digital Technology (TPE:7821) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mitac Digital Technology and its competitors. This is near median its historical median of 5.00. Over the past decade, Mitac Digital Technology's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, Mitac Digital Technology ranks #982 out of 2424 companies in the Hardware industry, placing it in the top 40.5%.
Is Mitac Digital Technology's Piotroski F-Score too high?
Mitac Digital 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 5.00 to a high of 5.00. The Hardware industry median Piotroski F-Score is 5.00. Mitac Digital Technology's value of 5 is 0% at this industry median. Based on the distribution chart, Mitac Digital Technology ranks #982 out of 2424 companies in the Hardware industry, which is above the industry midpoint. Overall, Mitac Digital Technology has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Mitac Digital Technology's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Mitac Digital Technology ranks #982 out of 2424 companies for Piotroski F-Score. This puts Mitac Digital Technology in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mitac Digital Technology's value of 5 is 0% at this benchmark. Historically, Mitac Digital Technology's own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Mitac Digital 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 2,424 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. Mitac Digital 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 Mitac Digital 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. Mitac Digital 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 Mitac Digital Technology stock overvalued right now?
Mitac Digital Technology (TPE:7821) has a current Piotroski F-Score of 5. 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. Mitac Digital Technology's overall GF Score™ is 20/100 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 Mitac Digital Technology (TPE:7821), the current Piotroski F-Score is 5 as of Jun. 25, 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.
Mitac Digital Technology Corp is a holding company that is engaged in the development, design, manufacturing, and sales of automotive electronics, smart IoT, and industrial computer products. Geographically, the company generates maximum revenue from USA, while it also has its presence in Taiwan, Europe and Others.
20GF Score
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