TOUMEI Co (NGO:4439) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 50% Above Median


NGO:4439 TOUMEI Co Ltd NGO:4439
83 GF Score
Price 円906.00
GF Value 円1,412.56
! 1 Warning Sign
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What is TOUMEI Co Piotroski F-Score?

TOUMEI Co NGO:4439 83 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates NGO:4439 with a GF Score™ of 83/100 and a GF Value™ of 円1,412.56. The stock has 1 warning sign investors should review. Among 555 Conglomerates companies, TOUMEI Co ranks better than 72.07% 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

TOUMEI Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NGO:4439' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 6

During the past 9 years, the highest Piotroski F-Score of TOUMEI Co was 6. The lowest was 2. And the median was 4.

TOUMEI Co  (NGO:4439) 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.


TOUMEI Co Piotroski F-Score Related Terms


TOUMEI Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TOUMEI 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.

TOUMEI Co Piotroski F-Score Chart

TOUMEI Co Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 4.00 6.00 6.00 6.00

TOUMEI Co Semi-Annual Data
Aug17 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 6.00 0.00 6.00 0.00

NGO:4439 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, TOUMEI 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.


TOUMEI Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, TOUMEI Co's Piotroski F-Score distribution charts can be found below:

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


NGO:4439
83GF Score
TOUMEI Co Ltd NGO:4439
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 (Aug25) TTM:Last Year (Aug24) TTM:
Net Income was 円2,433 Mil.
Cash Flow from Operations was 円2,418 Mil.
Revenue was 円29,070 Mil.
Gross Profit was 円9,835 Mil.
Average Total Assets from the begining of this year (Aug24)
to the end of this year (Aug25) was (14172.599 + 16583.949) / 2 = 円15378.274 Mil.
Total Assets at the begining of this year (Aug24) was 円14,173 Mil.
Long-Term Debt & Capital Lease Obligation was 円11 Mil.
Total Current Assets was 円14,712 Mil.
Total Current Liabilities was 円6,645 Mil.
Net Income was 円1,553 Mil.

Revenue was 円23,919 Mil.
Gross Profit was 円7,831 Mil.
Average Total Assets from the begining of last year (Aug23)
to the end of last year (Aug24) was (11533.295 + 14172.599) / 2 = 円12852.947 Mil.
Total Assets at the begining of last year (Aug23) was 円11,533 Mil.
Long-Term Debt & Capital Lease Obligation was 円322 Mil.
Total Current Assets was 円12,653 Mil.
Total Current Liabilities was 円6,126 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.

TOUMEI Co's current Net Income (TTM) was 2,433. ==> 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.

TOUMEI Co's current Cash Flow from Operations (TTM) was 2,418. ==> 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 (Aug24)
=2432.598/14172.599
=0.17164092

ROA (Last Year)=Net Income/Total Assets (Aug23)
=1552.954/11533.295
=0.13464964

TOUMEI Co's return on assets of this year was 0.17164092. TOUMEI Co's return on assets of last year was 0.13464964. ==> 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.

TOUMEI Co's current Net Income (TTM) was 2,433. TOUMEI Co's current Cash Flow from Operations (TTM) was 2,418. ==> 2,418 <= 2,433 ==> 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: Aug25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug24 to Aug25
=10.976/15378.274
=0.00071373

Gearing (Last Year: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=321.56/12852.947
=0.02501839

TOUMEI Co's gearing of this year was 0.00071373. TOUMEI Co's gearing of last year was 0.02501839. ==> 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

Current Ratio (This Year: Aug25)=Total Current Assets/Total Current Liabilities
=14711.856/6644.963
=2.21398614

Current Ratio (Last Year: Aug24)=Total Current Assets/Total Current Liabilities
=12653.484/6125.826
=2.06559638

TOUMEI Co's current ratio of this year was 2.21398614. TOUMEI Co's current ratio of last year was 2.06559638. ==> 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.

TOUMEI Co's number of shares in issue this year was 30.434. TOUMEI Co's number of shares in issue last year was 30.355. ==> 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
=9835.281/29070.434
=0.33832591

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7830.661/23918.591
=0.32738806

TOUMEI Co's gross margin of this year was 0.33832591. TOUMEI Co's gross margin of last year was 0.32738806. ==> 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 (Aug24)
=29070.434/14172.599
=2.0511717

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug23)
=23918.591/11533.295
=2.07387316

TOUMEI Co's asset turnover of this year was 2.0511717. TOUMEI Co's asset turnover of last year was 2.07387316. ==> 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+1+1+0+1+0
=6

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

TOUMEI Co has an F-score of 6 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?
TOUMEI Co (NGO:4439) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TOUMEI Co and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, TOUMEI Co's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, TOUMEI Co ranks #155 out of 555 companies in the Conglomerates industry, placing it in the top 27.9%.
Is TOUMEI Co's Piotroski F-Score too high?
TOUMEI Co's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Conglomerates industry median Piotroski F-Score is 5.00. TOUMEI Co's value of 6 is 20% above this industry median. Based on the distribution chart, TOUMEI Co ranks #155 out of 555 companies in the Conglomerates industry, which is above the industry midpoint. Overall, TOUMEI Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does TOUMEI Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, TOUMEI Co ranks #155 out of 555 companies for Piotroski F-Score. This puts TOUMEI Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. TOUMEI Co's value of 6 is 20% above this benchmark. Historically, TOUMEI Co's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, TOUMEI 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. TOUMEI Co'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 TOUMEI Co and its competitors. For the Conglomerates 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. TOUMEI Co's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOUMEI Co stock overvalued right now?
TOUMEI Co (NGO:4439) has a current Piotroski F-Score of 6. The stock's GF Value™ is 円1,412.56, compared to a current price of 円906.00 — trading 35.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Conglomerates industry median of 5.00. TOUMEI Co's overall GF Score™ is 83/100 with 1 warning sign 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 TOUMEI Co (NGO:4439), the current Piotroski F-Score is 6 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 TOUMEI Co (NGO:4439) Overvalued in 2026?

Based on GuruFocus' analysis, TOUMEI Co stock appears to be undervalued. The current stock price of 円906.00 is trading 35.9% below its estimated GF Value™ of 円1,412.56.

Key valuation signals for NGO:4439:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: 円1,412.56 vs. price of 円906.00 (35.9% below fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 20% above the Conglomerates median (#155 of 555)

No single metric tells the full story. See the NGO:4439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOUMEI Co Business Description

Other Exchanges 4439:Japan
Address 2-1-39, Hatta chome, Mie Prefecture, Yokkaichi, JPN, 510-0001
TOUMEI Co Ltd is engaged in Office light 119 business, Office solution business, and Financial Planning Business. The company's services include provision of fiber-optic services and ancillary services, sales of information and communications equipment and environmental products, and provision of web services. It also offers insurance brokerage services.
83GF Score

Get the complete analysis for NGO:4439

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

円906.00
Price
円1,412.56
GF Value