Higashimaru Co (FSE:2058) Piotroski F-Score: 5 (As of Jul. 20, 2026) — Near Median

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FSE:2058 Higashimaru Co Ltd FSE:2058
57 GF Score
Price 円991.00
GF Value 円1,012.11
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Higashimaru Co Piotroski F-Score?

Higashimaru Co FSE:2058 -1.39% 57 Piotroski F-Score is 5 as of Jul. 20, 2026, which is at its 10-year median of 5.00. GuruFocus rates FSE:2058 with a GF Score™ of 57/100 and a GF Value™ of 円1,012.11 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Higashimaru Co ranks better than 51.78% 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

Higashimaru Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

FSE:2058' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Higashimaru Co was 8. The lowest was 1. And the median was 5.

Higashimaru Co  (FSE:2058) 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.


Higashimaru Co Piotroski F-Score Related Terms


Higashimaru Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Higashimaru 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.

Higashimaru Co Piotroski F-Score Chart

Higashimaru 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 5.00 1.00 3.00 7.00 5.00

Higashimaru Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.00 0.00 7.00 0.00 5.00

FSE:2058 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Higashimaru 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.


Higashimaru Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Higashimaru Co's Piotroski F-Score distribution charts can be found below:

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


FSE:2058
57GF Score
Higashimaru Co Ltd FSE:2058
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 円-713 Mil.
Cash Flow from Operations was 円929 Mil.
Revenue was 円13,332 Mil.
Gross Profit was 円2,745 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (14226 + 12129) / 2 = 円13177.5 Mil.
Total Assets at the begining of this year (Mar25) was 円14,226 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,866 Mil.
Total Current Assets was 円6,129 Mil.
Total Current Liabilities was 円4,513 Mil.
Net Income was 円80 Mil.

Revenue was 円14,126 Mil.
Gross Profit was 円2,478 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (14700 + 14226) / 2 = 円14463 Mil.
Total Assets at the begining of last year (Mar24) was 円14,700 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,182 Mil.
Total Current Assets was 円6,756 Mil.
Total Current Liabilities was 円5,413 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.

Higashimaru Co's current Net Income (TTM) was -713. ==> Negative ==> Score 0.

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.

Higashimaru Co's current Cash Flow from Operations (TTM) was 929. ==> 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)
=-713/14226
=-0.0501195

ROA (Last Year)=Net Income/Total Assets (Mar24)
=80/14700
=0.00544218

Higashimaru Co's return on assets of this year was -0.0501195. Higashimaru Co's return on assets of last year was 0.00544218. ==> 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.

Higashimaru Co's current Net Income (TTM) was -713. Higashimaru Co's current Cash Flow from Operations (TTM) was 929. ==> 929 > -713 ==> 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
=2866/13177.5
=0.21749194

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3182/14463
=0.22000968

Higashimaru Co's gearing of this year was 0.21749194. Higashimaru Co's gearing of last year was 0.22000968. ==> 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
=6129/4513
=1.35807667

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6756/5413
=1.24810641

Higashimaru Co's current ratio of this year was 1.35807667. Higashimaru Co's current ratio of last year was 1.24810641. ==> 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.

Higashimaru Co's number of shares in issue this year was 3.961. Higashimaru Co's number of shares in issue last year was 3.952. ==> 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
=2745/13332
=0.20589559

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2478/14126
=0.17542121

Higashimaru Co's gross margin of this year was 0.20589559. Higashimaru Co's gross margin of last year was 0.17542121. ==> 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)
=13332/14226
=0.93715732

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=14126/14700
=0.96095238

Higashimaru Co's asset turnover of this year was 0.93715732. Higashimaru Co's asset turnover of last year was 0.96095238. ==> 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
=0+1+0+1+1+1+0+1+0
=5

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

Higashimaru Co has an F-score of 5 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 5 mean?
Higashimaru Co (FSE:2058) has a Piotroski F-Score of 5 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Higashimaru Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Higashimaru Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Higashimaru Co ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 48.2%.
Is Higashimaru Co's Piotroski F-Score too high?
Higashimaru Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Higashimaru Co's value of 5 is 0% at this industry median. Based on the distribution chart, Higashimaru Co ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Higashimaru Co has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Higashimaru Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Higashimaru Co ranks #923 out of 1914 companies for Piotroski F-Score. This puts Higashimaru Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Higashimaru Co's value of 5 is 0% at this benchmark. Historically, Higashimaru Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Higashimaru Co has consistently been at 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Higashimaru Co's current Piotroski F-Score of 5 is 0% at 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 Higashimaru Co and its competitors. For the Consumer Packaged Goods 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. Higashimaru Co's current Piotroski F-Score is 5, which is near 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 Higashimaru Co stock overvalued right now?
Based on GuruFocus' analysis, Higashimaru Co (FSE:2058) is currently considered Fairly Valued. The stock's GF Value™ is 円1,012.11, compared to a current price of 円991.00 — trading 2.1% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Higashimaru Co's overall GF Score™ is 57/100 with 4 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 Higashimaru Co (FSE:2058), the current Piotroski F-Score is 5 as of Jul. 20, 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 Higashimaru Co (FSE:2058) Overvalued in 2026?

Based on GuruFocus' analysis, Higashimaru Co stock appears to be undervalued. The current stock price of 円991.00 is trading 2.1% below its estimated GF Value™ of 円1,012.11. GuruFocus considers Higashimaru Co to be Fairly Valued.

Key valuation signals for FSE:2058:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円1,012.11 vs. price of 円991.00 (2.1% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#923 of 1914)

No single metric tells the full story. See the FSE:2058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Higashimaru Co Business Description

Address 20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594
Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.
57GF Score

Get the complete analysis for FSE:2058

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

円991.00
Price
円1,012.11
GF Value