Akatsuki (MEX:3932N) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


MEX:3932N Akatsuki Inc MEX:3932N
82 GF Score
Price MXN653.00
GF Value MXN621.28
! 3 Warning Signs
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What is Akatsuki Piotroski F-Score?

Akatsuki MEX:3932N 82 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates MEX:3932N with a GF Score™ of 82/100 and a GF Value™ of MXN621.28. The stock has 3 warning signs investors should review. Among 550 Interactive Media companies, Akatsuki ranks better than 78.73% 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

Akatsuki has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

MEX:3932N' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 12 years, the highest Piotroski F-Score of Akatsuki was 7. The lowest was 4. And the median was 5.

Akatsuki  (MEX:3932N) 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.


Akatsuki Piotroski F-Score Related Terms


Akatsuki Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Akatsuki'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.

Akatsuki Piotroski F-Score Chart

Akatsuki 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 4.00 4.00 7.00 6.00

Akatsuki 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 0.00 0.00 0.00 6.00

MEX:3932N vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Akatsuki'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.


Akatsuki Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Akatsuki's Piotroski F-Score distribution charts can be found below:

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


MEX:3932N
82GF Score
Akatsuki Inc MEX:3932N
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 MXN642 Mil.
Cash Flow from Operations was MXN306 Mil.
Revenue was MXN2,938 Mil.
Gross Profit was MXN1,594 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (7498.258 + 7082.612) / 2 = MXN7290.435 Mil.
Total Assets at the begining of this year (Mar25) was MXN7,498 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,245 Mil.
Total Current Assets was MXN5,051 Mil.
Total Current Liabilities was MXN616 Mil.
Net Income was MXN226 Mil.

Revenue was MXN3,246 Mil.
Gross Profit was MXN1,880 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5765.098 + 7498.258) / 2 = MXN6631.678 Mil.
Total Assets at the begining of last year (Mar24) was MXN5,765 Mil.
Long-Term Debt & Capital Lease Obligation was MXN700 Mil.
Total Current Assets was MXN5,662 Mil.
Total Current Liabilities was MXN1,013 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.

Akatsuki's current Net Income (TTM) was 642. ==> 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.

Akatsuki's current Cash Flow from Operations (TTM) was 306. ==> 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)
=642.293/7498.258
=0.08565896

ROA (Last Year)=Net Income/Total Assets (Mar24)
=225.914/5765.098
=0.0391865

Akatsuki's return on assets of this year was 0.08565896. Akatsuki's return on assets of last year was 0.0391865. ==> 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.

Akatsuki's current Net Income (TTM) was 642. Akatsuki's current Cash Flow from Operations (TTM) was 306. ==> 306 <= 642 ==> CFROA <= ROA ==> Score 0.

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
=1244.926/7290.435
=0.17076155

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=699.977/6631.678
=0.10555051

Akatsuki's gearing of this year was 0.17076155. Akatsuki's gearing of last year was 0.10555051. ==> 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
=5051.411/616.156
=8.19826635

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5661.849/1012.633
=5.59121518

Akatsuki's current ratio of this year was 8.19826635. Akatsuki's current ratio of last year was 5.59121518. ==> 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.

Akatsuki's number of shares in issue this year was 14.421. Akatsuki's number of shares in issue last year was 14.42. ==> 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
=1594.142/2938.276
=0.54254331

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1880.055/3246.244
=0.57914778

Akatsuki's gross margin of this year was 0.54254331. Akatsuki's gross margin of last year was 0.57914778. ==> 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)
=2938.276/7498.258
=0.39186115

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3246.244/5765.098
=0.56308566

Akatsuki's asset turnover of this year was 0.39186115. Akatsuki's asset turnover of last year was 0.56308566. ==> 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+0+0+1+0+0+0
=4

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

Akatsuki has an F-score of 4 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 6 mean?
Akatsuki (MEX:3932N) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Akatsuki and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Akatsuki's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Akatsuki ranks #117 out of 550 companies in the Interactive Media industry, placing it in the top 21.3%.
Is Akatsuki's Piotroski F-Score too high?
Akatsuki's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Interactive Media industry median Piotroski F-Score is 5.00. Akatsuki's value of 6 is 20% above this industry median. Based on the distribution chart, Akatsuki ranks #117 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Akatsuki has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Akatsuki's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Akatsuki ranks #117 out of 550 companies for Piotroski F-Score. This places Akatsuki in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Akatsuki's value of 6 is 20% above this benchmark. Historically, Akatsuki's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Akatsuki 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 Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Akatsuki's current Piotroski F-Score of 6 is 20% 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 Akatsuki and its competitors. For the Interactive Media 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. Akatsuki's current Piotroski F-Score is 6, which is 20% above 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 Akatsuki stock overvalued right now?
Akatsuki (MEX:3932N) has a current Piotroski F-Score of 6. The stock's GF Value™ is MXN621.28, compared to a current price of MXN653.00 — trading 5.1% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Interactive Media industry median of 5.00. Akatsuki's overall GF Score™ is 82/100 with 3 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 Akatsuki (MEX:3932N), the current Piotroski F-Score is 6 as of Jun. 26, 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 Akatsuki (MEX:3932N) Overvalued in 2026?

Based on GuruFocus' analysis, Akatsuki stock appears to be overvalued. The current stock price of MXN653.00 is trading 5.1% above its estimated GF Value™ of MXN621.28.

Key valuation signals for MEX:3932N:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: MXN621.28 vs. price of MXN653.00 (5.1% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 20% above the Interactive Media median (#117 of 550)

No single metric tells the full story. See the MEX:3932N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Akatsuki Business Description

Other Exchanges 3932:Japan
Address 2-13-30 Kamiosaki, 8F oak meguro, Shinagawa-ku, Tokyo, JPN, 141-0021
Website http://aktsk.jp
Akatsuki Inc is engaged in smartphone service and social network application development. It offers MobileSocialGame services.
82GF Score

Get the complete analysis for MEX:3932N

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

MXN653.00
Price
MXN621.28
GF Value