FJTSY (Fujitsu) Piotroski F-Score: 8 (As of Jul. 31, 2026) — 14% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

FJTSY Fujitsu Ltd FJTSY
73 GF Score
Price $22.83
GF Value $19.04
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Fujitsu Piotroski F-Score?

Fujitsu FJTSY -2.04% 73 Piotroski F-Score is 8 as of Jul. 31, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates FJTSY with a GF Score™ of 73/100 and a GF Value™ of $19.04 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,734 Software companies, Fujitsu ranks better than 98.68% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Fujitsu 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 Fujitsu's Piotroski F-Score or its related term are showing as below:

FJTSY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Fujitsu was 9. The lowest was 5. And the median was 7.

Fujitsu  (OTCPK:FJTSY) 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.


Fujitsu Piotroski F-Score Related Terms


Fujitsu Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fujitsu'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.

Fujitsu Piotroski F-Score Chart

Fujitsu 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 7.00 7.00 7.00 7.00

Fujitsu Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 8.00 7.00 7.00 8.00

FJTSY vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Fujitsu'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.


Fujitsu Piotroski F-Score vs Software Industry

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

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


FJTSY
73GF Score
Fujitsu Ltd FJTSY
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 610.302 + 523.946 + 666.204 + 249.636 = $2,050 Mil.
Cash Flow from Operations was -400.195 + 150.088 + 926.894 + 1409.803 = $2,087 Mil.
Revenue was 5523.245 + 5673.874 + 6628.24 + 4847.776 = $22,673 Mil.
Gross Profit was 1940.013 + 2028.002 + 2485.4 + 1630.416 = $8,084 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(22014.618 + 22000.211 + 20607.132 + 21424.799 + 20579.312) / 5 = $21325.2144 Mil.
Total Assets at the begining of this year (Jun25) was $22,015 Mil.
Long-Term Debt & Capital Lease Obligation was $569 Mil.
Total Current Assets was $11,309 Mil.
Total Current Liabilities was $6,181 Mil.
Net Income was 131.231 + 340.775 + 883.92 + 1188.793 = $2,545 Mil.

Revenue was 5051.639 + 6951.564 + 6230.37 + 5189.928 = $23,424 Mil.
Gross Profit was 1728.269 + 2120.245 + 2358.605 + 1726.322 = $7,933 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(21932.694 + 23659.128 + 22507.966 + 23466.15 + 22014.618) / 5 = $22716.1112 Mil.
Total Assets at the begining of last year (Jun24) was $21,933 Mil.
Long-Term Debt & Capital Lease Obligation was $671 Mil.
Total Current Assets was $12,911 Mil.
Total Current Liabilities was $7,138 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.

Fujitsu's current Net Income (TTM) was 2,050. ==> 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.

Fujitsu's current Cash Flow from Operations (TTM) was 2,087. ==> 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 (Jun25)
=2050.088/22014.618
=0.09312394

ROA (Last Year)=Net Income/Total Assets (Jun24)
=2544.719/21932.694
=0.11602401

Fujitsu's return on assets of this year was 0.09312394. Fujitsu's return on assets of last year was 0.11602401. ==> 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.

Fujitsu's current Net Income (TTM) was 2,050. Fujitsu's current Cash Flow from Operations (TTM) was 2,087. ==> 2,087 > 2,050 ==> CFROA > ROA ==> Score 1.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=568.968/21325.2144
=0.02668053

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=670.672/22716.1112
=0.02952407

Fujitsu's gearing of this year was 0.02668053. Fujitsu's gearing of last year was 0.02952407. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=11308.832/6180.749
=1.82968634

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=12911.253/7138.372
=1.80871115

Fujitsu's current ratio of this year was 1.82968634. Fujitsu's current ratio of last year was 1.80871115. ==> 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.

Fujitsu's number of shares in issue this year was 1740.416. Fujitsu's number of shares in issue last year was 1781.753. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=8083.831/22673.135
=0.35653786

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7933.441/23423.501
=0.33869578

Fujitsu's gross margin of this year was 0.35653786. Fujitsu's gross margin of last year was 0.33869578. ==> This year's gross margin is higher. ==> Score 1.

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 (Jun25)
=22673.135/22014.618
=1.02991272

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=23423.501/21932.694
=1.06797191

Fujitsu's asset turnover of this year was 1.02991272. Fujitsu's asset turnover of last year was 1.06797191. ==> 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+1+1+1+1+1+0
=7

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

Fujitsu has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Fujitsu (FJTSY) has a Piotroski F-Score of 8 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fujitsu and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Fujitsu's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Fujitsu ranks #36 out of 2734 companies in the Software industry, placing it in the top 1.3%.
Is Fujitsu's Piotroski F-Score too high?
Fujitsu's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Fujitsu's value of 8 is 60% above this industry median. Based on the distribution chart, Fujitsu ranks #36 out of 2734 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fujitsu has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujitsu's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Fujitsu ranks #36 out of 2734 companies for Piotroski F-Score. This places Fujitsu in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fujitsu's value of 8 is 60% above this benchmark. Historically, Fujitsu's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Fujitsu 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,734 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. Fujitsu's current Piotroski F-Score of 8 is 60% 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 Fujitsu and its competitors. For the Software 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. Fujitsu's current Piotroski F-Score is 8, which is 14% above 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 Fujitsu stock overvalued right now?
Based on GuruFocus' analysis, Fujitsu (FJTSY) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.04, compared to a current price of $22.83 — trading 19.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Software industry median of 5.00. Fujitsu's overall GF Score™ is 73/100 with 1 warning sign 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 Fujitsu (FJTSY), the current Piotroski F-Score is 8 as of Jul. 31, 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 Fujitsu (FJTSY) Overvalued in 2026?

Based on GuruFocus' analysis, Fujitsu stock appears to be overvalued. The current stock price of $22.83 is trading 19.9% above its estimated GF Value™ of $19.04. GuruFocus considers Fujitsu to be Modestly Overvalued.

Key valuation signals for FJTSY:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: $19.04 vs. price of $22.83 (19.9% above fair value)
  • GF Score™: 73/100 with 1 warning sign
  • Industry Position: 60% above the Software median (#36 of 2734)

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


Fujitsu Business Description

Address 4-1-1 Kamikodanaka, Nakahara-ku, Kawasaki-shi, Kanagawa Prefecture, Tokyo, JPN, 211-8588
Fujitsu Ltd delivers total solutions in the field of information and communication technology. The company provides solutions/system integration services focused on information system consulting and construction, and infrastructure services centered on outsourcing services. The company operates in three segments. The Hardware Solution segment covers system products such as servers, storage systems, and network equipment, including mobile base stations and optical transmission systems. Service Solution consists of global services centered on Fujitsu Uvance, along with Japan and overseas region-specific businesses. Ubiquitous Solution focuses on client computing devices such as personal computers. It generates the majority of its revenue from the Service Solution segment.
73GF Score

Get the complete analysis for FJTSY

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

$22.83
Price
$19.04
GF Value