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Tokyo ElectronMEX:8035N 91 Piotroski F-Score is 6 as of Aug. 10, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates MEX:8035N with a GF Score™ of 91/100 and a GF Value™ of MXN2,071.59. The stock has 2 warning signs investors should review. Among 977 Semiconductors companies, Tokyo Electron ranks better than 79.84% 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
Tokyo Electron 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 Tokyo Electron's Piotroski F-Score or its related term are showing as below:
MEX:8035N'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tokyo Electron was 8. The lowest was 2. And the median was 5.
Tokyo Electron (MEX:8035N) 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.
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.
Tokyo Electron Piotroski F-Score Related Terms
Tokyo Electron Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tokyo Electron'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.
MEX:8035N vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Tokyo Electron'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.
Tokyo Electron Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tokyo Electron's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tokyo Electron's Piotroski F-Score falls into.
* 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 15362.005 + 13689.252 + 24351.913 + 17836.575 = MXN71,240 Mil. Cash Flow from Operations was 21821.677 + 0 + 0 + 12887.862 = MXN34,710 Mil. Revenue was 78169.373 + 63752.639 + 80890.988 + 79488.948 = MXN302,302 Mil. Gross Profit was 35344.211 + 27234.726 + 37863.48 + 37195.88 = MXN137,638 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(327017.41 + 330876.305 + 304302.277 + 325123.663 + 320761.721) / 5 = MXN321616.2752 Mil. Total Assets at the begining of this year (Jun25) was MXN327,017 Mil. Long-Term Debt & Capital Lease Obligation was MXN0 Mil. Total Current Assets was MXN195,689 Mil. Total Current Liabilities was MXN74,332 Mil.
Net Income was 16213.775 + 21323.445 + 19622.126 + 15351.916 = MXN72,511 Mil.
Revenue was 78036.557 + 88749.16 + 89954.12 + 71622.467 = MXN328,362 Mil. Gross Profit was 35803.801 + 42269.814 + 42626.923 + 33097.564 = MXN153,798 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(289614.647 + 346806.108 + 339237.27 + 360416.674 + 327017.41) / 5 = MXN332618.4218 Mil. Total Assets at the begining of last year (Jun24) was MXN289,615 Mil. Long-Term Debt & Capital Lease Obligation was MXN0 Mil. Total Current Assets was MXN207,631 Mil. Total Current Liabilities was MXN69,884 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.
Tokyo Electron's current Net Income (TTM) was 71,240.
==> 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.
Tokyo Electron's return on assets of this year was 0.21784695. Tokyo Electron's return on assets of last year was 0.25037153.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tokyo Electron's current ratio of this year was 2.63263023. Tokyo Electron's current ratio of last year was 2.97107485.
==> 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.
Tokyo Electron's number of shares in issue this year was 456.313. Tokyo Electron's number of shares in issue last year was 459.281.
==> 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.
Tokyo Electron's gross margin of this year was 0.45530073. Tokyo Electron's gross margin of last year was 0.46837929.
==> 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
Tokyo Electron's asset turnover of this year was 0.92442157. Tokyo Electron's asset turnover of last year was 1.13379039.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tokyo Electron has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Tokyo Electron (MEX:8035N) has a Piotroski F-Score of 6 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tokyo Electron and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tokyo Electron's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Tokyo Electron ranks #197 out of 977 companies in the Semiconductors industry, placing it in the top 20.2%.
Is Tokyo Electron's Piotroski F-Score too high?
Tokyo Electron'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 2.00 to a high of 8.00. The Semiconductors industry median Piotroski F-Score is 5.00. Tokyo Electron's value of 6 is 20% above this industry median. Based on the distribution chart, Tokyo Electron ranks #197 out of 977 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Electron has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Tokyo Electron ranks #197 out of 977 companies for Piotroski F-Score. This places Tokyo Electron in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tokyo Electron's value of 6 is 20% above this benchmark. Historically, Tokyo Electron's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tokyo Electron 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 977 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. Tokyo Electron'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 Tokyo Electron and its competitors. For the Semiconductors 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. Tokyo Electron'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 Tokyo Electron stock overvalued right now?
Tokyo Electron (MEX:8035N) has a current Piotroski F-Score of 6. The stock's GF Value™ is MXN2,071.59, compared to a current price of MXN3,182.35 — trading 53.6% 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 Semiconductors industry median of 5.00. Tokyo Electron's overall GF Score™ is 91/100 with 2 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 Tokyo Electron (MEX:8035N), the current Piotroski F-Score is 6 as of Aug. 10, 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 Tokyo Electron (MEX:8035N) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron stock appears to be overvalued.
The current stock price of MXN3,182.35 is trading 53.6% above its estimated GF Value™ of MXN2,071.59.
Key valuation signals for MEX:8035N:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: MXN2,071.59 vs. price of MXN3,182.35 (53.6% above fair value)
Industry Position: 20% above the Semiconductors median (#197 of 977)
No single metric tells the full story. See the MEX:8035N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix.
91GF Score
Get the complete analysis for MEX:8035N
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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