Taoping Inc.

TAOP
About the company

Taoping Inc. provides cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information systems in China. It operates through Cloud-based Technology, Traditional Information Technology, and Smart Elevator segment.

Country: Virgin Islands, BritishPrice: $0.28Market Cap: $2.7M

Investment snapshot

24%positive consensus
Scored 1d ago

Positive

4

BUY / PASS

Neutral / negative

2 / 10

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Buffett, Lynch, Marks +1 more object

Key risk

No clean pass — all 13 investors flag at least one valuation criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #2760 (Top 89.1%)PASSFAILPASSFAILFAILFAILPASSPASSFAILFAILFAILNEUTRALNEUTRAL
Score
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Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-04-30

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage67% pass✓ 11✗ 4▾

    8 of 12 pass — Buffett, Lynch, Marks +1 more object

    LT Debt vs Net Current AssetsLT Debt $5.7M vs NCA $12.3M
    ✓GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.29, IC: -9.4x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.29
    ✓Lynch< 0.33
    Cash - Long-term Debt$-3.6M
    ✗LynchPositive preferred
    LT Debt / Total Assets Change16.51% -> 14.53%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.87
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.29
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.29
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-9.4x, D/EBITDA=N/A
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.29
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.2934; #1974/4210 (top 46.9%)
    ✗AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Valuation0% pass✓ 8✗ 20▾

    No clean pass — all 13 investors flag at least one valuation criterion

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.0x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-146.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-146.1%, ROC=-58.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Price / Book Value per Share0.0x
    ✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=-2730.1%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=-143.5%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=0.0x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($0.28)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-370.23%; #5848/6340 (top 92.2%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+7.1901; #229/6449 (top 3.6%)
    ✓AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share0.03x
    ✓SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.8194; #2010/5247 (top 38.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-143.52%; #4144/4519 (top 91.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-77.24%; #5789/6202 (top 93.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Cash Flow0% pass✓ 1✗ 11▾

    No clean pass — all 10 investors flag at least one cash flow criterion

    Free Cash Flow Proxy$-9.8M
    ✗BuffettPositive and growing
    FCF Positive and Growing$-3.9M
    ✗LynchPositive and growing
    Operating Cash Flow$-2.6M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-6.47%, ROA=-25.51%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=-143.5%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive2/16 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-1090.6%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency4/16 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-3.9M
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-143.52%; #4144/4519 (top 91.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability6% pass✓ 2✗ 33▾

    15 of 16 flag TAOP's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)2/17 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)4/17 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-38.7%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-414.6% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-9.8M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-51.5%
    ✗Lynch> 15%
    EBIT / Enterprise Value-146.1%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-146.1%, ROC=-58.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-25.51%
    ✗PiotroskiROA > 0
    ROA Change YoY-5.18% -> -25.51% (delta: -20.33%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-6.47%, ROA=-25.51%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY1111.7% -> 151.3%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue-449.9%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-51.5%
    ✗Dreman> 12%
    Margin of SafetyP/B=0.0x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-22.8% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency4/16 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-414.6%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-51.5%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-68.2% (2023) -> -414.6% (2025)
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 3052.5% -> 151.3%, operating margin -68.2% -> -414.6%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-370.23%; #5848/6340 (top 92.2%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+8.54%; #2903/3702 (top 78.4%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-51.49%; #4221/5226 (top 80.8%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0993; #3469/5884 (top 59.0%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years2/10 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Growth13% pass✓ 3✗ 10▾

    7 of 8 flag TAOP's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -87.5% vs Rev: 218.6%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$-4.36 (2013) -> $-7.88 (2025)
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency4/16 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth141.0%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency4/5 years with positive EPS growth
    ✓AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 3052.5% -> 151.3%, operating margin -68.2% -> -414.6%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-27.4%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Efficiency13% pass✓ 2✗ 9▾

    7 of 8 flag TAOP's efficiency — Graham, Buffett, Greenblatt +4 more

    Current Ratio1.87
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-21.2%
    ✗Buffett> 10%
    ROIC - WACC-31.2%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)-58.3%
    ✗Greenblatt> 25%
    Current Ratio Change YoY2.19 -> 1.87
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.02x -> 0.06x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities1.87
    ✓Dreman> 1.5
    Return on Invested Capital-28.9%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-0.7%; FY2024: ROIC=-5.9%; FY2025: ROIC=-28.9%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest -28.9%)
    ✗SleepROIC > 12% in a majority of years
  • Verdicts27% pass✓ 4✗ 11▾

    Split decision: 10 FAIL · 4 PASS · 2 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (2/9)✗BuffettFAIL (0/9)✗LynchFAIL (2/7)✗GreenblattRank #2760✓PiotroskiPASS (F-Score 4)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✓AckmanPASS (4/9)✓TempletonPASS (4/8)✗SleepFAIL (0/6)✗AsnessFAIL (Rank #2103/2370 (Top 88.7%))✗NeffFAIL (0/6)•SchlossNEUTRAL (4/7)•OshaughnessyNEUTRAL (Not ranked)

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services
Size: Micro Cap($2.7M)
Revenue: $2.2M+218.6% YoY
Net Income: $10.1M-453.0% YoY

Financial Snapshot

Operating Margin-414.6%
Return on Equity-51.5%
Debt / Equity0.29
Current Ratio1.87
EPS (Diluted)$-7.88

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Shareholder Return

Fiscal 2025

Share retirement not available for this company.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2025
Sources
  • 20-F · 2026-04-30
FY 2024
Sources
  • 20-F · 2025-04-29
FY 2023
Sources
  • 20-F · 2024-04-25
FY 2022
Sources
  • 20-F · 2023-04-25
FY 2021
Sources
  • 20-F · 2022-05-02
Market Cap$2.7Mcurrent$53.6Mest.$92.8Mest.$3.5Best.$7.3Best.
Revenue$2.2M↑219%$699.0K↑141%$290.0K↓99%$24.2M↑25%$19.4M
Operating Income-$9.2M↓474%-$1.6M↓714%-$197.7K↑94%-$3.2M↑69%-$10.1M
Net Income-$10.1M↓453%-$1.8M↓161%-$697.9K↑90%-$7.1M↑29%-$9.9M
EPS (Diluted)$-7.88↓2617%$-0.29↑19%$-0.36↑20%$-0.45↑42%$-0.77
Gross Margin151.3%↓86%1111.7%↓64%3052.5%↑10131%29.8%↓13%34.4%
Operating Margin-414.6%↓80%-230.1%↓238%-68.2%↓422%-13.1%↑75%-52.3%
ROE-51.5%↓349%-11.5%↓110%-5.5%↑93%-73.6%↓43%-51.6%
Total Debt$5.7M↓1%$5.8M↓32%$8.5M↑19%$7.2M↑839%$767.5K
Shareholders' Equity$19.5M↑23%$15.9M↑24%$12.8M↑33%$9.6M↓50%$19.3M
Current Ratio1.87↓15%2.19↑74%1.26↑27%0.99↓13%1.14
Debt / Equity0.29↓20%0.37↓45%0.67↓11%0.75↑1779%0.04
Operating Cash Flow-$2.6M↓7%-$2.4M↓3%-$2.3M↑69%-$7.5M↑53%-$16.1M
Free Cash Flow-$3.9M↓13%-$3.4M↑3%-$3.5M↑62%-$9.3M↑66%-$27.4M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Business Services

TAOP vs Peers — Financial Grading

Revenue$2.2MBottom 25%
Net Income$10.1MMedian
ROE-51.5%Bottom 25%
D/E0.29Top 25%
Op. Margin-414.6%Bottom 25%
Curr. Ratio1.87Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
AUTOMATIC DATA PROCESSING INCADP$122.3B$309.93$21.9B$4.4B73.2%0.8224.2%1.054/95/93/70/3F-Score 65/11
ELECTRONIC ARTS INC.EA$52.9B$209.70$7.5B$887.0M13.1%0.2215.4%1.051/94/94/70/3F-Score 66/11
Rubrik, Inc.RBRK$22.6B$109.88$1.3B$348.8M67.1%—-26.2%1.691/90/92/70/3F-Score 62/11
AECOMACM$9.1B$70.50$16.1B$561.8M22.5%1.096.4%1.141/93/93/71/3F-Score 82/11
COMMVAULT SYSTEMS INCCVLT$6.2B$152.07$1.2B$70.7M942.8%—6.3%1.951/92/94/70/3F-Score 66/11
WPP plcWPP$6.0B$27.79$18.2B$289.5M-8.5%1.942.8%0.891/92/91/70/3F-Score 32/11
VARONIS SYSTEMS INCVRNS$5.6B$48.94$623.5M$129.3M-21.6%0.76-23.5%1.971/90/91/70/3F-Score 51/11
ROBERT HALF INC.RHI$4.3B$42.00$5.4B$133.0M10.4%—1.4%1.532/95/91/70/3F-Score 52/11