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Bonny WorldwideTPE:8467 +0.11%74 Piotroski F-Score is 5 as of Sep. 09, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TPE:8467 with a GF Score™ of 74/100 and a GF Value™ of NT$167.56 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 828 Travel & Leisure companies, Bonny Worldwide ranks better than 51.21% 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
Bonny Worldwide 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 Bonny Worldwide's Piotroski F-Score or its related term are showing as below:
TPE:8467'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Bonny Worldwide was 8. The lowest was 3. And the median was 6.
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.
Bonny Worldwide Piotroski F-Score Related Terms
Bonny Worldwide Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bonny Worldwide'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:8467 vs AS, HAS, LTH: Piotroski F-Score Comparison
For the Leisure subindustry, Bonny Worldwide'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.
Bonny Worldwide Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bonny Worldwide's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bonny Worldwide'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 159.967 + 29.478 + 40.574 + 81.905 = NT$312 Mil. Cash Flow from Operations was 288.566 + 332.907 + -13.131 + -61.047 = NT$547 Mil. Revenue was 703.408 + 427.88 + 561.517 + 564.769 = NT$2,258 Mil. Gross Profit was 309.232 + 161.585 + 207.865 + 194.122 = NT$873 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(4198.207 + 4556.649 + 4666.784 + 4586.474 + 4872.848) / 5 = NT$4576.1924 Mil. Total Assets at the begining of this year (Jun25) was NT$4,198 Mil. Long-Term Debt & Capital Lease Obligation was NT$96 Mil. Total Current Assets was NT$2,962 Mil. Total Current Liabilities was NT$2,173 Mil.
Net Income was 144.499 + 178.792 + 134.595 + 186.417 = NT$644 Mil.
Revenue was 622.081 + 656.817 + 603.141 + 698.217 = NT$2,580 Mil. Gross Profit was 246.838 + 277.809 + 263.319 + 286.909 = NT$1,075 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3636.061 + 3921.798 + 4235.544 + 4562.718 + 4198.207) / 5 = NT$4110.8656 Mil. Total Assets at the begining of last year (Jun24) was NT$3,636 Mil. Long-Term Debt & Capital Lease Obligation was NT$624 Mil. Total Current Assets was NT$2,680 Mil. Total Current Liabilities was NT$969 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.
Bonny Worldwide's current Net Income (TTM) was 312.
==> 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.
Bonny Worldwide's return on assets of this year was 0.07429934. Bonny Worldwide's return on assets of last year was 0.17719807.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bonny Worldwide's gearing of this year was 0.02107757. Bonny Worldwide's gearing of last year was 0.15184345.
==> 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
Bonny Worldwide's current ratio of this year was 1.36298457. Bonny Worldwide's current ratio of last year was 2.76652618.
==> Last year's current ratio is higher ==> Score 0.
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.
Bonny Worldwide's number of shares in issue this year was 48.753. Bonny Worldwide's number of shares in issue last year was 52.218.
==> 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.
Bonny Worldwide's gross margin of this year was 0.38661147. Bonny Worldwide's gross margin of last year was 0.41657688.
==> 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
Bonny Worldwide's asset turnover of this year was 0.53774719. Bonny Worldwide's asset turnover of last year was 0.70962946.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bonny Worldwide has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Bonny Worldwide (TPE:8467) has a Piotroski F-Score of 5 as of Sep. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bonny Worldwide and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Bonny Worldwide's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Bonny Worldwide ranks #404 out of 828 companies in the Travel & Leisure industry, placing it in the top 48.8%.
Is Bonny Worldwide's Piotroski F-Score too high?
Bonny Worldwide's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Bonny Worldwide's value of 5 is 0% at this industry median. Based on the distribution chart, Bonny Worldwide ranks #404 out of 828 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Bonny Worldwide has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bonny Worldwide's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Bonny Worldwide ranks #404 out of 828 companies for Piotroski F-Score. This puts Bonny Worldwide in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bonny Worldwide's value of 5 is 0% at this benchmark. Historically, Bonny Worldwide's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Bonny Worldwide 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 828 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. Bonny Worldwide'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 Bonny Worldwide and its competitors. For the Travel & Leisure 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. Bonny Worldwide's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonny Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Bonny Worldwide (TPE:8467) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$167.56, compared to a current price of NT$90.40 — trading 46% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Travel & Leisure industry median of 5.00. Bonny Worldwide's overall GF Score™ is 74/100 with 3 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 Bonny Worldwide (TPE:8467), the current Piotroski F-Score is 5 as of Sep. 09, 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 Bonny Worldwide (TPE:8467) Overvalued in 2026?
Based on GuruFocus' analysis, Bonny Worldwide stock appears to be undervalued.
The current stock price of NT$90.40 is trading 46% below its estimated GF Value™ of NT$167.56.
GuruFocus considers Bonny Worldwide to be Significantly Undervalued.
Key valuation signals for TPE:8467:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: NT$167.56 vs. price of NT$90.40 (46% below fair value)
Industry Position: 0% at the Travel & Leisure median (#404 of 828)
No single metric tells the full story. See the TPE:8467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonny Worldwide Ltd is mainly engaged in the research, development, design, manufacture and sale of carbon fiber composite products. The company derives the majority of its revenue from North America, and the rest from Mainland China, Taiwan, and other geographical regions.
74GF Score
Get the complete analysis for TPE:8467
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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