Japan Cash Machine Co (FRA:JCM) Piotroski F-Score: 7 (As of Jun. 27, 2026) — Near Median


FRA:JCM Japan Cash Machine Co Ltd FRA:JCM
76 GF Score
Price €5.20
GF Value €5.59
! 2 Warning Signs
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What is Japan Cash Machine Co Piotroski F-Score?

Japan Cash Machine Co FRA:JCM -1.89% 76 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:JCM with a GF Score™ of 76/100 and a GF Value™ of €5.59. The stock has 2 warning signs investors should review. Among 2,979 Industrial Products companies, Japan Cash Machine Co ranks better than 90.77% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Japan Cash Machine Co 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 Japan Cash Machine Co's Piotroski F-Score or its related term are showing as below:

FRA:JCM' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Japan Cash Machine Co was 9. The lowest was 1. And the median was 7.

Japan Cash Machine Co  (FRA:JCM) 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.


Japan Cash Machine Co Piotroski F-Score Related Terms


Japan Cash Machine Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Cash Machine Co'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.

Japan Cash Machine Co Piotroski F-Score Chart

Japan Cash Machine Co 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 8.00 5.00 5.00 7.00 7.00

Japan Cash Machine Co 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 6.00 6.00 6.00 7.00

Japan Cash Machine Co Piotroski F-Score Competitor Comparison

For the Business Equipment & Supplies subindustry, Japan Cash Machine Co'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.


Japan Cash Machine Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Japan Cash Machine Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Japan Cash Machine Co's Piotroski F-Score falls into.


FRA:JCM
76GF Score
Japan Cash Machine Co Ltd FRA:JCM
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 0.459 + 18.508 + 9.246 + -1.551 = €26.7 Mil.
Cash Flow from Operations was 11.732 + 5.806 + 7.069 + 8.848 = €33.5 Mil.
Revenue was 45.678 + 41.268 + 47.414 + 44.299 = €178.7 Mil.
Gross Profit was 17.612 + 17.149 + 21.449 + 16.605 = €72.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(306.466 + 285.888 + 286.463 + 275.182 + 284.672) / 5 = €287.7342 Mil.
Total Assets at the begining of this year (Mar25) was €306.5 Mil.
Long-Term Debt & Capital Lease Obligation was €44.9 Mil.
Total Current Assets was €236.1 Mil.
Total Current Liabilities was €41.1 Mil.
Net Income was 11.794 + 3.063 + 9.971 + -1.773 = €23.1 Mil.

Revenue was 59.464 + 70.27 + 56.353 + 46.455 = €232.5 Mil.
Gross Profit was 26.775 + 28.475 + 21.352 + 17.59 = €94.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(292.903 + 288.782 + 323.542 + 299.841 + 306.466) / 5 = €302.3068 Mil.
Total Assets at the begining of last year (Mar24) was €292.9 Mil.
Long-Term Debt & Capital Lease Obligation was €57.3 Mil.
Total Current Assets was €257.3 Mil.
Total Current Liabilities was €50.1 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.

Japan Cash Machine Co's current Net Income (TTM) was 26.7. ==> 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.

Japan Cash Machine Co's current Cash Flow from Operations (TTM) was 33.5. ==> 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)
=26.662/306.466
=0.08699823

ROA (Last Year)=Net Income/Total Assets (Mar24)
=23.055/292.903
=0.07871207

Japan Cash Machine Co's return on assets of this year was 0.08699823. Japan Cash Machine Co's return on assets of last year was 0.07871207. ==> This year is higher. ==> Score 1.

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.

Japan Cash Machine Co's current Net Income (TTM) was 26.7. Japan Cash Machine Co's current Cash Flow from Operations (TTM) was 33.5. ==> 33.5 > 26.7 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=44.927/287.7342
=0.15614063

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=57.33/302.3068
=0.18964178

Japan Cash Machine Co's gearing of this year was 0.15614063. Japan Cash Machine Co's gearing of last year was 0.18964178. ==> 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
=236.135/41.134
=5.74062819

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=257.323/50.07
=5.13926503

Japan Cash Machine Co's current ratio of this year was 5.74062819. Japan Cash Machine Co's current ratio of last year was 5.13926503. ==> 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.

Japan Cash Machine Co's number of shares in issue this year was 27.102. Japan Cash Machine Co's number of shares in issue last year was 27.029. ==> 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
=72.815/178.659
=0.40756413

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=94.192/232.542
=0.40505371

Japan Cash Machine Co's gross margin of this year was 0.40756413. Japan Cash Machine Co's gross margin of last year was 0.40505371. ==> 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 (Mar25)
=178.659/306.466
=0.58296516

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=232.542/292.903
=0.79392154

Japan Cash Machine Co's asset turnover of this year was 0.58296516. Japan Cash Machine Co's asset turnover of last year was 0.79392154. ==> 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+1+1+1+1+0+1+0
=7

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

Japan Cash Machine Co 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 7 mean?
Japan Cash Machine Co (FRA:JCM) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Cash Machine Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Japan Cash Machine Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Japan Cash Machine Co ranks #275 out of 2979 companies in the Industrial Products industry, placing it in the top 9.2%.
Is Japan Cash Machine Co's Piotroski F-Score too high?
Japan Cash Machine Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Japan Cash Machine Co's value of 7 is 40% above this industry median. Based on the distribution chart, Japan Cash Machine Co ranks #275 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Cash Machine Co has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Japan Cash Machine Co's Piotroski F-Score compare to competitors?
According to the Industrial Products industry distribution chart, Japan Cash Machine Co ranks #275 out of 2979 companies for Piotroski F-Score. This places Japan Cash Machine Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Japan Cash Machine Co's value of 7 is 40% above this benchmark. Historically, Japan Cash Machine Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Japan Cash Machine Co 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Japan Cash Machine Co's current Piotroski F-Score of 7 is 40% 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 Japan Cash Machine Co 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. Japan Cash Machine Co's current Piotroski F-Score is 7, which is near 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 Japan Cash Machine Co stock overvalued right now?
Japan Cash Machine Co (FRA:JCM) has a current Piotroski F-Score of 7. The stock's GF Value™ is €5.59, compared to a current price of €5.20 — trading 7% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Industrial Products industry median of 5.00. Japan Cash Machine Co's overall GF Score™ is 76/100 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 Japan Cash Machine Co (FRA:JCM), the current Piotroski F-Score is 7 as of Jun. 27, 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 Japan Cash Machine Co (FRA:JCM) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Cash Machine Co stock appears to be undervalued. The current stock price of €5.20 is trading 7% below its estimated GF Value™ of €5.59.

Key valuation signals for FRA:JCM:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €5.59 vs. price of €5.20 (7% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 40% above the Industrial Products median (#275 of 2979)

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


Japan Cash Machine Co Business Description

Other Exchanges 6418:Japan
Address 2-3-15 Nishiwaki, Hirano-ku, Osaka, JPN, 547-0035
Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.
76GF Score

Get the complete analysis for FRA:JCM

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

€5.20
Price
€5.59
GF Value