HRSEF (Hirose Electric Co) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


HRSEF Hirose Electric Co Ltd HRSEF
88 GF Score
Price $131.95
GF Value $100.74
! 6 Warning Signs
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What is Hirose Electric Co Piotroski F-Score?

Hirose Electric Co HRSEF 88 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HRSEF with a GF Score™ of 88/100 and a GF Value™ of $100.74. The stock has 6 warning signs investors should review. Among 2,424 Hardware companies, Hirose Electric Co ranks better than 59.49% 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

Hirose Electric 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 Hirose Electric Co's Piotroski F-Score or its related term are showing as below:

HRSEF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Hirose Electric Co was 8. The lowest was 5. And the median was 6.

Hirose Electric Co  (OTCPK:HRSEF) 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.


Hirose Electric Co Piotroski F-Score Related Terms


Hirose Electric Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hirose Electric 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.

Hirose Electric Co Piotroski F-Score Chart

Hirose Electric 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 7.00 7.00 5.00 8.00 5.00

Hirose Electric 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 8.00 N/A 6.00 5.00 5.00

HRSEF vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Hirose Electric 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.


Hirose Electric Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Hirose Electric Co's Piotroski F-Score distribution charts can be found below:

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


HRSEF
88GF Score
Hirose Electric Co Ltd HRSEF
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 50.02 + 56.106 + 59.577 + 52.495 = $218 Mil.
Cash Flow from Operations was 81.94 + 73.656 + 67.607 + 79.442 = $303 Mil.
Revenue was 338.945 + 358.799 + 349.703 + 344.808 = $1,392 Mil.
Gross Profit was 143.663 + 149.862 + 150.287 + 142.725 = $587 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2796.677 + 2910.152 + 2887.452 + 2743.976 + 2717.228) / 5 = $2811.097 Mil.
Total Assets at the begining of this year (Mar25) was $2,797 Mil.
Long-Term Debt & Capital Lease Obligation was $33 Mil.
Total Current Assets was $1,473 Mil.
Total Current Liabilities was $207 Mil.
Net Income was 53.237 + 63.846 + 65.352 + 36.563 = $219 Mil.

Revenue was 284.246 + 347.301 + 324.437 + 301.883 = $1,258 Mil.
Gross Profit was 127.942 + 158.03 + 150.298 + 130.594 = $567 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2692.923 + 0 + 2901.038 + 2745.473 + 2796.677) / 5 = $2784.02775 Mil.
Total Assets at the begining of last year (Mar24) was $2,693 Mil.
Long-Term Debt & Capital Lease Obligation was $28 Mil.
Total Current Assets was $1,669 Mil.
Total Current Liabilities was $195 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.

Hirose Electric Co's current Net Income (TTM) was 218. ==> 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.

Hirose Electric Co's current Cash Flow from Operations (TTM) was 303. ==> 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)
=218.198/2796.677
=0.07802045

ROA (Last Year)=Net Income/Total Assets (Mar24)
=218.998/2692.923
=0.08132353

Hirose Electric Co's return on assets of this year was 0.07802045. Hirose Electric Co's return on assets of last year was 0.08132353. ==> 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.

Hirose Electric Co's current Net Income (TTM) was 218. Hirose Electric Co's current Cash Flow from Operations (TTM) was 303. ==> 303 > 218 ==> 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
=32.637/2811.097
=0.01161006

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=27.862/2784.02775
=0.0100078

Hirose Electric Co's gearing of this year was 0.01161006. Hirose Electric Co's gearing of last year was 0.0100078. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1473.336/206.708
=7.12761964

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1668.992/194.985
=8.55959176

Hirose Electric Co's current ratio of this year was 7.12761964. Hirose Electric Co's current ratio of last year was 8.55959176. ==> Last year's current ratio is higher ==> Score 0.

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.

Hirose Electric Co's number of shares in issue this year was 33.412. Hirose Electric Co's number of shares in issue last year was 33.834. ==> 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
=586.537/1392.255
=0.42128561

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=566.864/1257.867
=0.45065496

Hirose Electric Co's gross margin of this year was 0.42128561. Hirose Electric Co's gross margin of last year was 0.45065496. ==> 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 (Mar25)
=1392.255/2796.677
=0.49782474

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1257.867/2692.923
=0.46710099

Hirose Electric Co's asset turnover of this year was 0.49782474. Hirose Electric Co's asset turnover of last year was 0.46710099. ==> 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+0+1+0+0+1+0+1
=5

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

Hirose Electric 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?
Hirose Electric Co (HRSEF) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hirose Electric Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Hirose Electric Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Hirose Electric Co ranks #982 out of 2424 companies in the Hardware industry, placing it in the top 40.5%.
Is Hirose Electric Co's Piotroski F-Score too high?
Hirose Electric Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Hirose Electric Co's value of 5 is 0% at this industry median. Based on the distribution chart, Hirose Electric Co ranks #982 out of 2424 companies in the Hardware industry, which is above the industry midpoint. Overall, Hirose Electric Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Hirose Electric Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Hirose Electric Co ranks #982 out of 2424 companies for Piotroski F-Score. This puts Hirose Electric Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hirose Electric Co's value of 5 is 0% at this benchmark. Historically, Hirose Electric 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 6.00 vs. the industry median of 5.00, Hirose Electric 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,424 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. Hirose Electric 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 Hirose Electric Co and its competitors. For the Hardware 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. Hirose Electric Co's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hirose Electric Co stock overvalued right now?
Hirose Electric Co (HRSEF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $100.74, compared to a current price of $131.95 — trading 31% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Hardware industry median of 5.00. Hirose Electric Co's overall GF Score™ is 88/100 with 6 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 Hirose Electric Co (HRSEF), the current Piotroski F-Score is 5 as of Jun. 25, 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 Hirose Electric Co (HRSEF) Overvalued in 2026?

Based on GuruFocus' analysis, Hirose Electric Co stock appears to be overvalued. The current stock price of $131.95 is trading 31% above its estimated GF Value™ of $100.74.

Key valuation signals for HRSEF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $100.74 vs. price of $131.95 (31% above fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 0% at the Hardware median (#982 of 2424)

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


Hirose Electric Co Business Description

Other Exchanges HROEY:USA6806:Japan
Address 2-6-3 Nakagawa Chuoh, Tsuzuki-ku, Kanagawa Prefecture, Yokohama, JPN, 224-8540
Hirose Electric Co Ltd is engaged in the production and sale of connectors and related products. The company's operations are organized into two reportable segments: Multipole connectors and Coaxial connectors. Multipole connectors include circular, rectangular, ribbon cable, printed circuit board, and flexible printed circuit connectors, while Coaxial connectors are high-performance connectors for high-frequency and optical signal transmission. It generates the majority of its revenue from the Multipole connector segment.
88GF Score

Get the complete analysis for HRSEF

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

$131.95
Price
$100.74
GF Value