Ushine Photonics (ROCO:3678) Moat Score: 0/10 (As of Jul. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ROCO:3678 Ushine Photonics Corp ROCO:3678
77 GF Score
Price NT$50.00
GF Value NT$57.68
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ushine Photonics Moat Score?

Ushine Photonics has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Ushine Photonics has

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Ushine Photonics might have No Moat - No discernible moat.

Ushine Photonics  (ROCO:3678) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Ushine Photonics Moat Score Related Terms

ROCO:3678
77GF Score
Ushine Photonics Corp ROCO:3678
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is Ushine Photonics (ROCO:3678) Overvalued in 2026?

Based on GuruFocus' analysis, Ushine Photonics stock appears to be undervalued. The current stock price of NT$50.00 is trading 13.3% below its estimated GF Value™ of NT$57.68. GuruFocus considers Ushine Photonics to be Modestly Undervalued.

Key valuation signals for ROCO:3678:

  • Moat Score: 0
  • GF Value™: NT$57.68 vs. price of NT$50.00 (13.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ushine Photonics Business Description

Address No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302
Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.
77GF Score

Get the complete analysis for ROCO:3678

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

NT$50.00
Price
NT$57.68
GF Value