Marutongyo Co (FSE:7894) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 14% Above Median


FSE:7894 Maruto Sangyo Co Ltd FSE:7894
64 GF Score
Price 円2,127.00
GF Value 円2,040.36
Valuation Fairly Valued
! 4 Warning Signs
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What is Marutongyo Co Piotroski F-Score?

Marutongyo Co FSE:7894 +2.41% 64 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates FSE:7894 with a GF Score™ of 64/100 and a GF Value™ of 円2,040.36 (Fairly Valued). The stock has 4 warning signs investors should review. Among 386 Packaging & Containers companies, Marutongyo Co ranks better than 98.45% 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

Marutongyo Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FSE:7894' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Marutongyo Co was 8. The lowest was 5. And the median was 7.

Marutongyo Co  (FSE:7894) 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.


Marutongyo Co Piotroski F-Score Related Terms


Marutongyo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Marutongyo 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.

Marutongyo Co Piotroski F-Score Chart

Marutongyo Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 8.00

Marutongyo Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 5.00 0.00 5.00 0.00 8.00

FSE:7894 vs SW, PKG, AMCR: Piotroski F-Score Comparison

For the Packaging & Containers subindustry, Marutongyo 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.


Marutongyo Co Piotroski F-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Marutongyo Co's Piotroski F-Score distribution charts can be found below:

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


FSE:7894
64GF Score
Maruto Sangyo Co Ltd FSE:7894
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円639 Mil.
Cash Flow from Operations was 円651 Mil.
Revenue was 円18,775 Mil.
Gross Profit was 円2,787 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (18409.675 + 18642.965) / 2 = 円18526.32 Mil.
Total Assets at the begining of this year (Feb25) was 円18,410 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,494 Mil.
Total Current Assets was 円10,960 Mil.
Total Current Liabilities was 円6,780 Mil.
Net Income was 円296 Mil.

Revenue was 円18,046 Mil.
Gross Profit was 円2,703 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (18152.677 + 18409.675) / 2 = 円18281.176 Mil.
Total Assets at the begining of last year (Feb24) was 円18,153 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,052 Mil.
Total Current Assets was 円10,269 Mil.
Total Current Liabilities was 円6,508 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.

Marutongyo Co's current Net Income (TTM) was 639. ==> 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.

Marutongyo Co's current Cash Flow from Operations (TTM) was 651. ==> 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 (Feb25)
=638.902/18409.675
=0.03470469

ROA (Last Year)=Net Income/Total Assets (Feb24)
=296.189/18152.677
=0.01631655

Marutongyo Co's return on assets of this year was 0.03470469. Marutongyo Co's return on assets of last year was 0.01631655. ==> 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.

Marutongyo Co's current Net Income (TTM) was 639. Marutongyo Co's current Cash Flow from Operations (TTM) was 651. ==> 651 > 639 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=1493.795/18526.32
=0.08063096

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=2051.724/18281.176
=0.11223151

Marutongyo Co's gearing of this year was 0.08063096. Marutongyo Co's gearing of last year was 0.11223151. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=10960.238/6780.453
=1.61644628

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=10268.607/6507.953
=1.57785513

Marutongyo Co's current ratio of this year was 1.61644628. Marutongyo Co's current ratio of last year was 1.57785513. ==> 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.

Marutongyo Co's number of shares in issue this year was 1.587. Marutongyo Co's number of shares in issue last year was 1.587. ==> 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
=2786.815/18775.003
=0.1484322

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2703.111/18046.107
=0.14978915

Marutongyo Co's gross margin of this year was 0.1484322. Marutongyo Co's gross margin of last year was 0.14978915. ==> 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 (Feb25)
=18775.003/18409.675
=1.01984435

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=18046.107/18152.677
=0.99412924

Marutongyo Co's asset turnover of this year was 1.01984435. Marutongyo Co's asset turnover of last year was 0.99412924. ==> This year's asset turnover is higher. ==> Score 1.

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+1+0+1
=8

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

Marutongyo Co has an F-score of 8. 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?
Marutongyo Co (FSE:7894) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Marutongyo Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Marutongyo Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Marutongyo Co ranks #6 out of 386 companies in the Packaging & Containers industry, placing it in the top 1.6%.
Is Marutongyo Co's Piotroski F-Score too high?
Marutongyo Co'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 8.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Marutongyo Co's value of 8 is 60% above this industry median. Based on the distribution chart, Marutongyo Co ranks #6 out of 386 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Marutongyo Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marutongyo Co's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Marutongyo Co ranks #6 out of 386 companies for Piotroski F-Score. This places Marutongyo Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Marutongyo Co's value of 8 is 60% above this benchmark. Historically, Marutongyo Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Marutongyo 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 a Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 386 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. Marutongyo Co'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 Marutongyo Co and its competitors. For the Packaging & Containers 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. Marutongyo Co'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 Marutongyo Co stock overvalued right now?
Based on GuruFocus' analysis, Marutongyo Co (FSE:7894) is currently considered Fairly Valued. The stock's GF Value™ is 円2,040.36, compared to a current price of 円2,127.00 — trading 4.2% 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 Packaging & Containers industry median of 5.00. Marutongyo Co's overall GF Score™ is 64/100 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 Marutongyo Co (FSE:7894), the current Piotroski F-Score is 8 as of Jun. 28, 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 Marutongyo Co (FSE:7894) Overvalued in 2026?

Based on GuruFocus' analysis, Marutongyo Co stock appears to be overvalued. The current stock price of 円2,127.00 is trading 4.2% above its estimated GF Value™ of 円2,040.36. GuruFocus considers Marutongyo Co to be Fairly Valued.

Key valuation signals for FSE:7894:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円2,040.36 vs. price of 円2,127.00 (4.2% above fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 60% above the Packaging & Containers median (#6 of 386)

No single metric tells the full story. See the FSE:7894 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marutongyo Co Business Description

Address 892-1 Hikata, Fukuoka, Ogori, JPN, 838-0112
Maruto Sangyo Co Ltd produces and sells laminated films and paper products for the packaging companies in Japan. It is also engaged in photogravure printing and bag-making, photogravure cylinder making, sales of paper packaging, packing paper, and label stickers, plastic molding products, and packing materials. It also sells packaging machinery and industrial machinery, agricultural-related materials, and horticultural equipment.
64GF Score

Get the complete analysis for FSE:7894

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

円2,127.00
Price
円2,040.36
GF Value