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Tsuruya CoNGO:5386 -0.26%66 Piotroski F-Score is 7 as of Aug. 12, 2026, which is 13% below its 10-year median of 8.00. GuruFocus rates NGO:5386 with a GF Score™ of 66/100 and a GF Value™ of 円417.47 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,736 Construction companies, Tsuruya Co ranks better than 89.23% 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
Tsuruya 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 Tsuruya Co's Piotroski F-Score or its related term are showing as below:
NGO:5386'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 8 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Tsuruya Co was 9. The lowest was 2. And the median was 8.
Tsuruya Co (NGO:5386) 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.
Tsuruya Co Piotroski F-Score Related Terms
Tsuruya Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tsuruya 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.
NGO:5386 vs TT, JCI, CARR: Piotroski F-Score Comparison
For the Building Products & Equipment subindustry, Tsuruya 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.
Tsuruya Co Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Tsuruya Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tsuruya 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 208.519 + 84.684 + 13.701 + 164.461 = 円471 Mil. Cash Flow from Operations was -50.426 + 272.725 + -331.318 + 375.749 = 円267 Mil. Revenue was 1624.364 + 1699.268 + 1561.864 + 2090.555 = 円6,976 Mil. Gross Profit was 396.789 + 482.906 + 360.026 + 587.647 = 円1,827 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(15541.148 + 15397.35 + 15461.582 + 14840.32 + 15210.412) / 5 = 円15290.1624 Mil. Total Assets at the begining of this year (Jun25) was 円15,541 Mil. Long-Term Debt & Capital Lease Obligation was 円0 Mil. Total Current Assets was 円4,695 Mil. Total Current Liabilities was 円2,364 Mil.
Net Income was 184.221 + 56.721 + 0 + 67.026 = 円308 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.
Tsuruya Co's current Net Income (TTM) was 471.
==> 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.
Tsuruya Co's return on assets of this year was 0.03033013. Tsuruya Co's return on assets of last year was 0.01943788.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tsuruya Co's current ratio of this year was 1.98546745. Tsuruya Co's current ratio of last year was 1.36047791.
==> 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.
Tsuruya Co's number of shares in issue this year was 7.138. Tsuruya Co's number of shares in issue last year was 7.523.
==> 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.
Tsuruya Co's gross margin of this year was 0.26194877. Tsuruya Co's gross margin of last year was 0.27232277.
==> 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
Tsuruya Co's asset turnover of this year was 0.44887617. Tsuruya Co's asset turnover of last year was 0.32883617.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tsuruya Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Tsuruya Co (NGO:5386) has a Piotroski F-Score of 7 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tsuruya Co and its competitors. This is 13% below median its historical median of 8.00. Over the past decade, Tsuruya Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Tsuruya Co ranks #187 out of 1736 companies in the Construction industry, placing it in the top 10.8%.
Is Tsuruya Co's Piotroski F-Score too high?
Tsuruya Co's current Piotroski F-Score of 7 is 13% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Tsuruya Co's value of 7 is 40% above this industry median. Based on the distribution chart, Tsuruya Co ranks #187 out of 1736 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Tsuruya Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tsuruya Co's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Tsuruya Co ranks #187 out of 1736 companies for Piotroski F-Score. This places Tsuruya Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tsuruya Co's value of 7 is 40% above this benchmark. Historically, Tsuruya Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Tsuruya 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,736 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. Tsuruya 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 Tsuruya Co and its competitors. For the Construction 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. Tsuruya Co's current Piotroski F-Score is 7, which is 13% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuruya Co stock overvalued right now?
Based on GuruFocus' analysis, Tsuruya Co (NGO:5386) is currently considered Fairly Valued. The stock's GF Value™ is 円417.47, compared to a current price of 円379.00 — trading 9.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 13% below median its 10-year median of 8.00 and 40% above the Construction industry median of 5.00. Tsuruya Co's overall GF Score™ is 66/100 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 Tsuruya Co (NGO:5386), the current Piotroski F-Score is 7 as of Aug. 12, 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 Tsuruya Co (NGO:5386) Overvalued in 2026?
Based on GuruFocus' analysis, Tsuruya Co stock appears to be undervalued.
The current stock price of 円379.00 is trading 9.2% below its estimated GF Value™ of 円417.47.
GuruFocus considers Tsuruya Co to be Fairly Valued.
Key valuation signals for NGO:5386:
Piotroski F-Score: 7 (13% below median its 10-year median of 8.00)
GF Value™: 円417.47 vs. price of 円379.00 (9.2% below fair value)
Industry Position: 40% above the Construction median (#187 of 1736)
No single metric tells the full story. See the NGO:5386 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsuruya Co Ltd is a Japan-based building material manufacturer. The company is mainly engaged in the production and sale of clay tiles, ceramic wall material, and the contracting of roof construction.
66GF Score
Get the complete analysis for NGO:5386
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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