Toyota Boshoku (NGO:3116) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


NGO:3116 Toyota Boshoku Corp NGO:3116
82 GF Score
Price 円2,564.50
GF Value 円2,997.94
! 4 Warning Signs
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What is Toyota Boshoku Piotroski F-Score?

Toyota Boshoku NGO:3116 82 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates NGO:3116 with a GF Score™ of 82/100 and a GF Value™ of 円2,997.94. The stock has 4 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Toyota Boshoku ranks better than 52.33% 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

Toyota Boshoku 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 Toyota Boshoku's Piotroski F-Score or its related term are showing as below:

NGO:3116' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Toyota Boshoku was 8. The lowest was 4. And the median was 5.

Toyota Boshoku  (NGO:3116) 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.


Toyota Boshoku Piotroski F-Score Related Terms


Toyota Boshoku Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Toyota Boshoku'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.

Toyota Boshoku Piotroski F-Score Chart

Toyota Boshoku 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 8.00 4.00 8.00 5.00 5.00

Toyota Boshoku 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 5.00 N/A 6.00 6.00 5.00

NGO:3116 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Toyota Boshoku'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.


Toyota Boshoku Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Boshoku's Piotroski F-Score distribution charts can be found below:

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


NGO:3116
82GF Score
Toyota Boshoku Corp NGO:3116
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 10801 + 6622 + 11207 + -5359 = 円23,271 Mil.
Cash Flow from Operations was 39750 + 16956 + 63787 + 22472 = 円142,965 Mil.
Revenue was 479693 + 492586 + 533957 + 530827 = 円2,037,063 Mil.
Gross Profit was 49916 + 52202 + 54944 + 50343 = 円207,405 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1094831 + 1072508 + 1101960 + 1143546 + 1182385) / 5 = 円1119046 Mil.
Total Assets at the begining of this year (Mar25) was 円1,094,831 Mil.
Long-Term Debt & Capital Lease Obligation was 円155,000 Mil.
Total Current Assets was 円723,387 Mil.
Total Current Liabilities was 円428,128 Mil.
Net Income was 8696 + 4810 + 14777 + -11564 = 円16,719 Mil.

Revenue was 488000 + 460165 + 498534 + 507517 = 円1,954,216 Mil.
Gross Profit was 50357 + 47880 + 52247 + 58722 = 円209,206 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1128491 + 0 + 1092851 + 1115624 + 1094831) / 5 = 円1107949.25 Mil.
Total Assets at the begining of last year (Mar24) was 円1,128,491 Mil.
Long-Term Debt & Capital Lease Obligation was 円146,531 Mil.
Total Current Assets was 円668,631 Mil.
Total Current Liabilities was 円387,452 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.

Toyota Boshoku's current Net Income (TTM) was 23,271. ==> 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.

Toyota Boshoku's current Cash Flow from Operations (TTM) was 142,965. ==> 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)
=23271/1094831
=0.02125534

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16719/1128491
=0.01481536

Toyota Boshoku's return on assets of this year was 0.02125534. Toyota Boshoku's return on assets of last year was 0.01481536. ==> 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.

Toyota Boshoku's current Net Income (TTM) was 23,271. Toyota Boshoku's current Cash Flow from Operations (TTM) was 142,965. ==> 142,965 > 23,271 ==> 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
=155000/1119046
=0.13851084

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=146531/1107949.25
=0.13225425

Toyota Boshoku's gearing of this year was 0.13851084. Toyota Boshoku's gearing of last year was 0.13225425. ==> 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
=723387/428128
=1.68965123

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=668631/387452
=1.72571312

Toyota Boshoku's current ratio of this year was 1.68965123. Toyota Boshoku's current ratio of last year was 1.72571312. ==> 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.

Toyota Boshoku's number of shares in issue this year was 178.637. Toyota Boshoku's number of shares in issue last year was 178.562. ==> 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
=207405/2037063
=0.1018157

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209206/1954216
=0.10705367

Toyota Boshoku's gross margin of this year was 0.1018157. Toyota Boshoku's gross margin of last year was 0.10705367. ==> 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)
=2037063/1094831
=1.86061867

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1954216/1128491
=1.73170721

Toyota Boshoku's asset turnover of this year was 1.86061867. Toyota Boshoku's asset turnover of last year was 1.73170721. ==> 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+1+1+0+0+0+0+1
=5

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

Toyota Boshoku 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?
Toyota Boshoku (NGO:3116) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Toyota Boshoku and its competitors. This is near median its historical median of 5.00. Over the past decade, Toyota Boshoku's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Toyota Boshoku ranks #613 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 47.7%.
Is Toyota Boshoku's Piotroski F-Score too high?
Toyota Boshoku's current Piotroski F-Score of 5 is near 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 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Toyota Boshoku's value of 5 is 0% at this industry median. Based on the distribution chart, Toyota Boshoku ranks #613 out of 1286 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Toyota Boshoku has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Toyota Boshoku's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Toyota Boshoku ranks #613 out of 1286 companies for Piotroski F-Score. This puts Toyota Boshoku in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Toyota Boshoku's value of 5 is 0% at this benchmark. Historically, Toyota Boshoku's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Toyota Boshoku 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Toyota Boshoku'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 Toyota Boshoku and its competitors. For the Vehicles & Parts 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. Toyota Boshoku's current Piotroski F-Score is 5, which is near 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 Toyota Boshoku stock overvalued right now?
Toyota Boshoku (NGO:3116) has a current Piotroski F-Score of 5. The stock's GF Value™ is 円2,997.94, compared to a current price of 円2,564.50 — trading 14.5% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Vehicles & Parts industry median of 5.00. Toyota Boshoku'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 Toyota Boshoku (NGO:3116), the current Piotroski F-Score is 5 as of Jun. 28, 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 Toyota Boshoku (NGO:3116) Overvalued in 2026?

Based on GuruFocus' analysis, Toyota Boshoku stock appears to be undervalued. The current stock price of 円2,564.50 is trading 14.5% below its estimated GF Value™ of 円2,997.94.

Key valuation signals for NGO:3116:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円2,997.94 vs. price of 円2,564.50 (14.5% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 0% at the Vehicles & Parts median (#613 of 1286)

No single metric tells the full story. See the NGO:3116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toyota Boshoku Business Description

Other Exchanges 3116:JapanTY7:Germany
Address 1-1 Toyoda cho, Kariya Aichi, JPN, 448-8651
Toyota Boshoku Corp is a manufacturer of automobile parts. The company produces seats, seat frames, door trims, floor carpets, silencers, air induction systems, air and oil filters, seat belts, seat fabrics, fender liners, and airbags for automobiles. Toyota Boshoku also produces aircraft seats and railway seats. The company generates the majority of its revenue in Japan.
82GF Score

Get the complete analysis for NGO:3116

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

円2,564.50
Price
円2,997.94
GF Value