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Marusan Securities CoMRSZF 82 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MRSZF with a GF Score™ of 82/100 and a GF Value™ of $10.41. The stock has 4 warning signs investors should review. Among 785 Capital Markets companies, Marusan Securities Co ranks better than 91.85% 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
Marusan Securities 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 Marusan Securities Co's Piotroski F-Score or its related term are showing as below:
MRSZF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Marusan Securities Co was 7. The lowest was 4. And the median was 6.
Marusan Securities Co (OTCPK:MRSZF) 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.
Marusan Securities Co Piotroski F-Score Related Terms
Marusan Securities Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Marusan Securities 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.
MRSZF vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Marusan Securities 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.
Marusan Securities Co Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Marusan Securities Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Marusan Securities Co'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.
*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.
Marusan Securities Co's current Net Income (TTM) was 31.6.
==> 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.
Marusan Securities Co's return on assets of this year was 0.06573063. Marusan Securities Co's return on assets of last year was 0.05403623.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Marusan Securities Co's gearing of this year was 0. Marusan Securities Co's gearing of last year was 0.
==> 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
Marusan Securities Co's current ratio of this year was 2.07704811. Marusan Securities Co's current ratio of last year was 2.7565873.
==> 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.
Marusan Securities Co's number of shares in issue this year was 66.34. Marusan Securities Co's number of shares in issue last year was 66.285.
==> 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.
Marusan Securities Co's gross margin of this year was 0.99774281. Marusan Securities Co's gross margin of last year was 0.99718461.
==> 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
Marusan Securities Co's asset turnover of this year was 0.28500762. Marusan Securities Co's asset turnover of last year was 0.22532561.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Marusan Securities Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Marusan Securities Co (MRSZF) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Marusan Securities Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Marusan Securities Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Marusan Securities Co ranks #64 out of 785 companies in the Capital Markets industry, placing it in the top 8.2%.
Is Marusan Securities Co's Piotroski F-Score too high?
Marusan Securities 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 4.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Marusan Securities Co's value of 7 is 40% above this industry median. Based on the distribution chart, Marusan Securities Co ranks #64 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Marusan Securities Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Marusan Securities Co's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Marusan Securities Co ranks #64 out of 785 companies for Piotroski F-Score. This places Marusan Securities Co in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Marusan Securities Co's value of 7 is 40% above this benchmark. Historically, Marusan Securities Co'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 6.00 vs. the industry median of 5.00, Marusan Securities 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. Marusan Securities 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 Marusan Securities Co and its competitors. For the Capital Markets 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. Marusan Securities 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 Marusan Securities Co stock overvalued right now?
Marusan Securities Co (MRSZF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $10.41, compared to a current price of $10.07 — trading 3.3% below 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 Capital Markets industry median of 5.00. Marusan Securities Co's overall GF Score™ is 82/100 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 Marusan Securities Co (MRSZF), the current Piotroski F-Score is 7 as of Jul. 14, 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 Marusan Securities Co (MRSZF) Overvalued in 2026?
Based on GuruFocus' analysis, Marusan Securities Co stock appears to be undervalued.
The current stock price of $10.07 is trading 3.3% below its estimated GF Value™ of $10.41.
Key valuation signals for MRSZF:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: $10.41 vs. price of $10.07 (3.3% below fair value)
Industry Position: 40% above the Capital Markets median (#64 of 785)
No single metric tells the full story. See the MRSZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marusan Securities Co Ltd trades financial securities and derivatives. The company is headquartered in Japan and generates all revenue domestically. Securities services offered by the company include mediation of buying and selling securities, brokerage, trading, exchange-market activities, underwriting, private placement, agency of bond payments, and investment trust services. The company also provides banking services such as loans on collateral, buying and selling yen-denominated bank acceptances, buying and selling gold bullion, safety deposits, business loans, and insurance including property, casualty, and life.
82GF Score
Get the complete analysis for MRSZF
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