Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tekscend PhotomaskTSE:429A +1.46%20 Piotroski F-Score is 7 as of Jul. 16, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:429A with a GF Score™ of 20/100. Among 989 Semiconductors companies, Tekscend Photomask ranks better than 93.02% 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
Tekscend Photomask 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 Tekscend Photomask's Piotroski F-Score or its related term are showing as below:
TSE:429A'
s Piotroski F-Score Range Over the Past 10 Years
Min: 7 Med: 7 Max: 7
Current: 7
During the past 5 years, the highest Piotroski F-Score of Tekscend Photomask was 7. The lowest was 7. And the median was 7.
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.
Tekscend Photomask Piotroski F-Score Related Terms
Tekscend Photomask Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tekscend Photomask'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.
TSE:429A vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Tekscend Photomask'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.
Tekscend Photomask Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tekscend Photomask's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tekscend Photomask'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.
Tekscend Photomask's current Net Income (TTM) was 24,947.
==> 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.
Tekscend Photomask's return on assets of this year was 0.14871358. Tekscend Photomask's return on assets of last year was 0.05525345.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tekscend Photomask's gearing of this year was 0. Tekscend Photomask's gearing of last year was 0.00232147.
==> 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
Tekscend Photomask's current ratio of this year was 2.81559771. Tekscend Photomask's current ratio of last year was 1.92357567.
==> 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.
Tekscend Photomask's number of shares in issue this year was 97.086. Tekscend Photomask's number of shares in issue last year was 95.48.
==> 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.
Tekscend Photomask's gross margin of this year was 0.33392758. Tekscend Photomask's gross margin of last year was 0.35664359.
==> 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
Tekscend Photomask's asset turnover of this year was 0.77242596. Tekscend Photomask's asset turnover of last year was 0.37677178.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
1
+
1
+
1
+
1
+
1
+
0
+
0
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tekscend Photomask has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Tekscend Photomask (TSE:429A) has a Piotroski F-Score of 7 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tekscend Photomask and its competitors. This is near median its historical median of 7.00. Over the past decade, Tekscend Photomask's Piotroski F-Score has ranged from 7.00 to 7.00. According to the industry distribution chart, Tekscend Photomask ranks #69 out of 989 companies in the Semiconductors industry, placing it in the top 7%.
Is Tekscend Photomask's Piotroski F-Score too high?
Tekscend Photomask's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Tekscend Photomask's value of 7 is 40% above this industry median. Based on the distribution chart, Tekscend Photomask ranks #69 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Tekscend Photomask has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Tekscend Photomask's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Tekscend Photomask ranks #69 out of 989 companies for Piotroski F-Score. This places Tekscend Photomask in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tekscend Photomask's value of 7 is 40% above this benchmark. Historically, Tekscend Photomask's own Piotroski F-Score has ranged from 7.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Tekscend Photomask 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 a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Tekscend Photomask'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 Tekscend Photomask and its competitors. For the Semiconductors 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. Tekscend Photomask's current Piotroski F-Score is 7, which is near 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 Tekscend Photomask stock overvalued right now?
Tekscend Photomask (TSE:429A) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Semiconductors industry median of 5.00. Tekscend Photomask's overall GF Score™ is 20/100. 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 Tekscend Photomask (TSE:429A), the current Piotroski F-Score is 7 as of Jul. 16, 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.
Tekscend Photomask Corp is engaged in the manufacturing and distribution of semiconductor photomasks. The company's products include Photomasks for Semiconductors, Molds for Nanoimprint, Photomasks for Various Applications, and Silicon Stencil Masks.
20GF Score
Get the complete analysis for TSE:429A
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:429A has been successfully added to your 
