Disco (DSCSY) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Below Median


DSCSY Disco Corp DSCSY
95 GF Score
Price $51.94
GF Value $36.14
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Disco Piotroski F-Score?

Disco DSCSY +5.70% 95 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates DSCSY with a GF Score™ of 95/100 and a GF Value™ of $36.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 989 Semiconductors companies, Disco ranks worse than 60.36% 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

Disco has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Disco's Piotroski F-Score or its related term are showing as below:

DSCSY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Disco was 7. The lowest was 4. And the median was 6.

Disco  (OTCPK:DSCSY) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Disco Piotroski F-Score Related Terms


Disco Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Disco'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.

Disco Piotroski F-Score Chart

Disco Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 7.00 4.00

Disco Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 0.00 0.00 4.00

DSCSY vs LRCX, AMAT, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Disco'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.


Disco Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Disco's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Disco's Piotroski F-Score falls into.


DSCSY
95GF Score
Disco Corp DSCSY
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was $854 Mil.
Cash Flow from Operations was $842 Mil.
Revenue was $2,753 Mil.
Gross Profit was $1,931 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4388.149 + 4684.884) / 2 = $4536.5165 Mil.
Total Assets at the begining of this year (Mar25) was $4,388 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $3,117 Mil.
Total Current Liabilities was $973 Mil.
Net Income was $831 Mil.

Revenue was $2,639 Mil.
Gross Profit was $1,862 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (3711.542 + 4388.149) / 2 = $4049.8455 Mil.
Total Assets at the begining of last year (Mar24) was $3,712 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $2,848 Mil.
Total Current Liabilities was $1,076 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.

Disco's current Net Income (TTM) was 854. ==> 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.

Disco's current Cash Flow from Operations (TTM) was 842. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=854.038/4388.149
=0.19462375

ROA (Last Year)=Net Income/Total Assets (Mar24)
=831.162/3711.542
=0.22393981

Disco's return on assets of this year was 0.19462375. Disco's return on assets of last year was 0.22393981. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Disco's current Net Income (TTM) was 854. Disco's current Cash Flow from Operations (TTM) was 842. ==> 842 <= 854 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/4536.5165
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/4049.8455
=0

Disco's gearing of this year was 0. Disco's gearing of last year was 0. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=3116.735/973.376
=3.20198464

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2847.906/1076.04
=2.6466544

Disco's current ratio of this year was 3.20198464. Disco's current ratio of last year was 2.6466544. ==> 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.

Disco's number of shares in issue this year was 1087.736. Disco's number of shares in issue last year was 1087.67. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1931.383/2753.224
=0.70149868

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1862.166/2638.665
=0.70572278

Disco's gross margin of this year was 0.70149868. Disco's gross margin of last year was 0.70572278. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2753.224/4388.149
=0.62742263

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2638.665/3711.542
=0.71093497

Disco's asset turnover of this year was 0.62742263. Disco's asset turnover of last year was 0.71093497. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+1+0+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Disco has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Disco (DSCSY) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Disco and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Disco's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Disco ranks #597 out of 989 companies in the Semiconductors industry, placing it in the top 60.4%.
Is Disco's Piotroski F-Score too high?
Disco's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Disco's value of 4 is 20% below this industry median. Based on the distribution chart, Disco ranks #597 out of 989 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Disco has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Disco's Piotroski F-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Disco ranks #597 out of 989 companies for Piotroski F-Score. This places Disco in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Disco's value of 4 is 20% below this benchmark. Historically, Disco's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Disco has consistently been below 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. Disco's current Piotroski F-Score of 4 is 20% below 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 Disco 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. Disco's current Piotroski F-Score is 4, which is 33% 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 Disco stock overvalued right now?
Based on GuruFocus' analysis, Disco (DSCSY) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.14, compared to a current price of $51.94 — trading 43.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Semiconductors industry median of 5.00. Disco's overall GF Score™ is 95/100 with 5 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 Disco (DSCSY), the current Piotroski F-Score is 4 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.

Is Disco (DSCSY) Overvalued in 2026?

Based on GuruFocus' analysis, Disco stock appears to be overvalued. The current stock price of $51.94 is trading 43.7% above its estimated GF Value™ of $36.14. GuruFocus considers Disco to be Significantly Overvalued.

Key valuation signals for DSCSY:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $36.14 vs. price of $51.94 (43.7% above fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 20% below the Semiconductors median (#597 of 989)

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


Disco Business Description

Address 2-13-11 Omorikita, Ota-ku, Tokyo, JPN, 143-8580
Disco is a Japan-based semiconductor production equipment manufacturer. Founded in 1937, the company manufactures diamond, water, and laser saws, as well as grinders and polishers, used mainly in back-end processes of semiconductor manufacturing, which involves treating processed silicon during the front-end process by thinning and dicing the wafers into bare dies for packaging.It is the world's largest manufacturer of semiconductor-grade saws and grinders, with an estimated 60%-70% market share in the semiconductor dicing and grinding industry as of 2025. The company operates three main factories, all located in Hiroshima and Nagano, Japan.
95GF Score

Get the complete analysis for DSCSY

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

$51.94
Price
$36.14
GF Value