MEJHY (Meiji Holdings Co) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 17% Above Median


MEJHY Meiji Holdings Co Ltd MEJHY
70 GF Score
Price $11.21
GF Value $11.12
Valuation Fairly Valued
! 9 Warning Signs
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What is Meiji Holdings Co Piotroski F-Score?

Meiji Holdings Co MEJHY 70 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEJHY with a GF Score™ of 70/100 and a GF Value™ of $11.12 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Meiji Holdings Co ranks better than 88.53% 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

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

MEJHY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Meiji Holdings Co was 7. The lowest was 2. And the median was 6.

Meiji Holdings Co  (OTCPK:MEJHY) 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.


Meiji Holdings Co Piotroski F-Score Related Terms


Meiji Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Meiji Holdings 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.

Meiji Holdings Co Piotroski F-Score Chart

Meiji Holdings 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 6.00 7.00 6.00 6.00 7.00

Meiji Holdings 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 6.00 5.00 5.00 6.00 7.00

MEJHY vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Meiji Holdings 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.


Meiji Holdings Co Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


MEJHY
70GF Score
Meiji Holdings Co Ltd MEJHY
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 69.87 + 76.977 + 111.227 + -23.588 = $234 Mil.
Cash Flow from Operations was -35.693 + -29.101 + 88.042 + 329.305 = $353 Mil.
Revenue was 1893.427 + 2037.807 + 1971.856 + 1836.123 = $7,739 Mil.
Gross Profit was 553.641 + 641.506 + 606.645 + 564.699 = $2,366 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7946.405 + 8309.378 + 8344.974 + 8375.224 + 7951.459) / 5 = $8185.488 Mil.
Total Assets at the begining of this year (Mar25) was $7,946 Mil.
Long-Term Debt & Capital Lease Obligation was $424 Mil.
Total Current Assets was $3,689 Mil.
Total Current Liabilities was $1,974 Mil.
Net Income was 88.363 + 90.365 + 108.943 + 48.142 = $336 Mil.

Revenue was 1765.514 + 2030.737 + 1989.542 + 1872.082 = $7,658 Mil.
Gross Profit was 519.397 + 625.53 + 561.164 + 545.903 = $2,252 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(8044.982 + 7618.801 + 8224.779 + 7914.706 + 7946.405) / 5 = $7949.9346 Mil.
Total Assets at the begining of last year (Mar24) was $8,045 Mil.
Long-Term Debt & Capital Lease Obligation was $150 Mil.
Total Current Assets was $3,628 Mil.
Total Current Liabilities was $2,060 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.

Meiji Holdings Co's current Net Income (TTM) was 234. ==> 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.

Meiji Holdings Co's current Cash Flow from Operations (TTM) was 353. ==> 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)
=234.486/7946.405
=0.02950844

ROA (Last Year)=Net Income/Total Assets (Mar24)
=335.813/8044.982
=0.04174192

Meiji Holdings Co's return on assets of this year was 0.02950844. Meiji Holdings Co's return on assets of last year was 0.04174192. ==> 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.

Meiji Holdings Co's current Net Income (TTM) was 234. Meiji Holdings Co's current Cash Flow from Operations (TTM) was 353. ==> 353 > 234 ==> 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
=423.909/8185.488
=0.05178787

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=150.432/7949.9346
=0.01892242

Meiji Holdings Co's gearing of this year was 0.05178787. Meiji Holdings Co's gearing of last year was 0.01892242. ==> 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
=3688.877/1974.198
=1.86854459

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3627.893/2060.123
=1.76100796

Meiji Holdings Co's current ratio of this year was 1.86854459. Meiji Holdings Co's current ratio of last year was 1.76100796. ==> 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.

Meiji Holdings Co's number of shares in issue this year was 542.038. Meiji Holdings Co's number of shares in issue last year was 546.004. ==> 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
=2366.491/7739.213
=0.30577928

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2251.994/7657.875
=0.29407558

Meiji Holdings Co's gross margin of this year was 0.30577928. Meiji Holdings Co's gross margin of last year was 0.29407558. ==> 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)
=7739.213/7946.405
=0.97392632

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7657.875/8044.982
=0.95188218

Meiji Holdings Co's asset turnover of this year was 0.97392632. Meiji Holdings Co's asset turnover of last year was 0.95188218. ==> 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+1+1+1+1
=7

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

Meiji Holdings 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?
Meiji Holdings Co (MEJHY) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Meiji Holdings Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Meiji Holdings Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Meiji Holdings Co ranks #219 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Meiji Holdings Co's Piotroski F-Score too high?
Meiji Holdings Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Meiji Holdings Co's value of 7 is 40% above this industry median. Based on the distribution chart, Meiji Holdings Co ranks #219 out of 1910 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Meiji Holdings Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #219 out of 1910 companies for Piotroski F-Score. This places Meiji Holdings Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Meiji Holdings Co's value of 7 is 40% above this benchmark. Historically, Meiji Holdings Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Meiji Holdings 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Meiji Holdings 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 Meiji Holdings 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. Meiji Holdings Co's current Piotroski F-Score is 7, which is 17% above 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 Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (MEJHY) is currently considered Fairly Valued. The stock's GF Value™ is $11.12, compared to a current price of $11.21 — trading 0.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Meiji Holdings Co's overall GF Score™ is 70/100 with 9 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 Meiji Holdings Co (MEJHY), the current Piotroski F-Score is 7 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 Meiji Holdings Co (MEJHY) Overvalued in 2026?

Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be overvalued. The current stock price of $11.21 is trading 0.8% above its estimated GF Value™ of $11.12. GuruFocus considers Meiji Holdings Co to be Fairly Valued.

Key valuation signals for MEJHY:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $11.12 vs. price of $11.21 (0.8% above fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#219 of 1910)

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


Meiji Holdings Co Business Description

Other Exchanges 2269:Japan3M0:Germany
Address 2-4-16 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
70GF Score

Get the complete analysis for MEJHY

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

$11.21
Price
$11.12
GF Value