The Japan Steel WorksFRA:J9R -2.88%82 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates FRA:J9R with a GF Score™ of 82/100 and a GF Value™ of €33.49 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,971 Industrial Products companies, The Japan Steel Works ranks worse than 82.36% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Japan Steel Works has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for The Japan Steel Works's Piotroski F-Score or its related term are showing as below:
FRA:J9R'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of The Japan Steel Works was 8. The lowest was 3. And the median was 5.
The Japan Steel Works (FRA:J9R) 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.
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.
The Japan Steel Works Piotroski F-Score Related Terms
The Japan Steel Works Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for The Japan Steel Works'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.
FRA:J9R vs GEV, ETN, PH: Piotroski F-Score Comparison
For the Specialty Industrial Machinery subindustry, The Japan Steel Works'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.
The Japan Steel Works Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Japan Steel Works's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Japan Steel Works'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.
The Japan Steel Works's current Net Income (TTM) was 105.
==> 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.
The Japan Steel Works's return on assets of this year was 0.04244866. The Japan Steel Works's return on assets of last year was 0.0494877.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Japan Steel Works's gearing of this year was 0.17156461. The Japan Steel Works's gearing of last year was 0.05366169.
==> Last year is lower than this year ==> Score 0.
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
The Japan Steel Works's current ratio of this year was 2.4145241. The Japan Steel Works's current ratio of last year was 1.76330509.
==> 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.
The Japan Steel Works's number of shares in issue this year was 73.609. The Japan Steel Works's number of shares in issue last year was 73.602.
==> 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.
The Japan Steel Works's gross margin of this year was 0.2337948. The Japan Steel Works's gross margin of last year was 0.245389.
==> 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
The Japan Steel Works's asset turnover of this year was 0.60643129. The Japan Steel Works's asset turnover of last year was 0.68484161.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Japan Steel Works has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The Japan Steel Works (FRA:J9R) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Japan Steel Works and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, The Japan Steel Works' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, The Japan Steel Works ranks #2447 out of 2971 companies in the Industrial Products industry, placing it in the top 82.4%.
Is The Japan Steel Works' Piotroski F-Score too high?
The Japan Steel Works' current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. The Japan Steel Works' value of 3 is 40% below this industry median. Based on the distribution chart, The Japan Steel Works ranks #2447 out of 2971 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, The Japan Steel Works has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Japan Steel Works' Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, The Japan Steel Works ranks #2447 out of 2971 companies for Piotroski F-Score. This places The Japan Steel Works in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Japan Steel Works' value of 3 is 40% below this benchmark. Historically, The Japan Steel Works' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, The Japan Steel Works 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,971 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. The Japan Steel Works's current Piotroski F-Score of 3 is 40% 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 The Japan Steel Works and its competitors. For the Industrial Products 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. The Japan Steel Works's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Japan Steel Works stock overvalued right now?
Based on GuruFocus' analysis, The Japan Steel Works (FRA:J9R) is currently considered Modestly Overvalued. The stock's GF Value™ is €33.49, compared to a current price of €41.47 — trading 23.8% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Industrial Products industry median of 5.00. The Japan Steel Works' overall GF Score™ is 82/100 with 2 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 The Japan Steel Works (FRA:J9R), the current Piotroski F-Score is 3 as of Jun. 29, 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 The Japan Steel Works (FRA:J9R) Overvalued in 2026?
Based on GuruFocus' analysis, The Japan Steel Works stock appears to be overvalued.
The current stock price of €41.47 is trading 23.8% above its estimated GF Value™ of €33.49.
GuruFocus considers The Japan Steel Works to be Modestly Overvalued.
Key valuation signals for FRA:J9R:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: €33.49 vs. price of €41.47 (23.8% above fair value)
Industry Position: 40% below the Industrial Products median (#2447 of 2971)
No single metric tells the full story. See the FRA:J9R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Japan Steel Works Ltd provides industrial machinery as well as materials and engineering solutions in Japan and internationally. The company operates through two segments. The Industrial Machinery segment provides resin manufacturing and processing machinery, molding machines, defense-related equipment, and other industrial machinery. The Materials and Engineering segment covers raw material products and engineering operations. The Other segment includes the film deposition business, crystal business, and related activities. It generates the majority of its revenue from the Industrial machinery business segment.
82GF Score
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