Aichi SteelNGO:5482 76 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates NGO:5482 with a GF Score™ of 76/100 and a GF Value™ of 円957.21. The stock has 1 warning sign investors should review. Among 624 Steel companies, Aichi Steel ranks better than 98.08% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Aichi Steel has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Aichi Steel's Piotroski F-Score or its related term are showing as below:
NGO:5482'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Aichi Steel was 8. The lowest was 2. And the median was 6.
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.
Aichi Steel Piotroski F-Score Related Terms
Aichi Steel Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Aichi Steel'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:5482 vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Aichi Steel'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.
Aichi Steel Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Aichi Steel's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Aichi Steel'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.
Aichi Steel's current Net Income (TTM) was 11,248.
==> 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.
Aichi Steel's return on assets of this year was 0.02811557. Aichi Steel's return on assets of last year was 0.01765032.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Aichi Steel's gearing of this year was 0.05730982. Aichi Steel's gearing of last year was 0.10889583.
==> 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
Aichi Steel's current ratio of this year was 1.72714725. Aichi Steel's current ratio of last year was 2.26249982.
==> 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.
Aichi Steel's number of shares in issue this year was 65.947. Aichi Steel's number of shares in issue last year was 78.592.
==> 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.
Aichi Steel's gross margin of this year was 0.15226013. Aichi Steel's gross margin of last year was 0.13345384.
==> 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
Aichi Steel's asset turnover of this year was 0.76073268. Aichi Steel's asset turnover of last year was 0.67542676.
==> 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
Aichi Steel has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Aichi Steel (NGO:5482) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aichi Steel and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Aichi Steel's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Aichi Steel ranks #12 out of 624 companies in the Steel industry, placing it in the top 1.9%.
Is Aichi Steel's Piotroski F-Score too high?
Aichi Steel's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Aichi Steel's value of 8 is 60% above this industry median. Based on the distribution chart, Aichi Steel ranks #12 out of 624 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Aichi Steel has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Aichi Steel's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Aichi Steel ranks #12 out of 624 companies for Piotroski F-Score. This places Aichi Steel in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aichi Steel's value of 8 is 60% above this benchmark. Historically, Aichi Steel'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 6.00 vs. the industry median of 5.00, Aichi Steel 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 624 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. Aichi Steel's current Piotroski F-Score of 8 is 60% 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 Aichi Steel and its competitors. For the Steel 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. Aichi Steel's current Piotroski F-Score is 8, which is 33% 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 Aichi Steel stock overvalued right now?
Aichi Steel (NGO:5482) has a current Piotroski F-Score of 8. The stock's GF Value™ is 円957.21, compared to a current price of 円1,965.00 — trading 105.3% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Steel industry median of 5.00. Aichi Steel's overall GF Score™ is 76/100 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 Aichi Steel (NGO:5482), the current Piotroski F-Score is 8 as of Jun. 26, 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 Aichi Steel (NGO:5482) Overvalued in 2026?
Based on GuruFocus' analysis, Aichi Steel stock appears to be overvalued.
The current stock price of 円1,965.00 is trading 105.3% above its estimated GF Value™ of 円957.21.
Key valuation signals for NGO:5482:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: 円957.21 vs. price of 円1,965.00 (105.3% above fair value)
Industry Position: 60% above the Steel median (#12 of 624)
No single metric tells the full story. See the NGO:5482 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.
76GF Score
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