Taiho Transportation (NGO:9040) Piotroski F-Score: 7 (As of Jun. 27, 2026) — Near Median


NGO:9040 Taiho Transportation NGO:9040
65 GF Score
Price 円4,250.00
GF Value 円3,931.36
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Taiho Transportation Piotroski F-Score?

Taiho Transportation NGO:9040 +1.07% 65 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates NGO:9040 with a GF Score™ of 65/100 and a GF Value™ of 円3,931.36 (Fairly Valued). The stock has 4 warning signs investors should review. Among 979 Transportation companies, Taiho Transportation ranks better than 86.93% 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

Taiho Transportation 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 Taiho Transportation's Piotroski F-Score or its related term are showing as below:

NGO:9040' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Taiho Transportation was 9. The lowest was 4. And the median was 7.

Taiho Transportation  (NGO:9040) 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.


Taiho Transportation Piotroski F-Score Related Terms


Taiho Transportation Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taiho Transportation'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.

Taiho Transportation Piotroski F-Score Chart

Taiho Transportation 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 7.00 7.00 9.00 7.00

Taiho Transportation Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.00 0.00 9.00 0.00 7.00

NGO:9040 vs ODFL, XPO, SAIA: Piotroski F-Score Comparison

For the Trucking subindustry, Taiho Transportation'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.


Taiho Transportation Piotroski F-Score vs Transportation Industry

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

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


NGO:9040
65GF Score
Taiho Transportation NGO:9040
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円204 Mil.
Cash Flow from Operations was 円493 Mil.
Revenue was 円8,085 Mil.
Gross Profit was 円819 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (9653.528 + 9854.175) / 2 = 円9753.8515 Mil.
Total Assets at the begining of this year (Mar25) was 円9,654 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,529 Mil.
Total Current Assets was 円3,937 Mil.
Total Current Liabilities was 円1,273 Mil.
Net Income was 円305 Mil.

Revenue was 円7,758 Mil.
Gross Profit was 円690 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (9742.37 + 9653.528) / 2 = 円9697.949 Mil.
Total Assets at the begining of last year (Mar24) was 円9,742 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,709 Mil.
Total Current Assets was 円3,723 Mil.
Total Current Liabilities was 円1,144 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.

Taiho Transportation's current Net Income (TTM) was 204. ==> 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.

Taiho Transportation's current Cash Flow from Operations (TTM) was 493. ==> 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)
=204.338/9653.528
=0.02116718

ROA (Last Year)=Net Income/Total Assets (Mar24)
=305.133/9742.37
=0.0313202

Taiho Transportation's return on assets of this year was 0.02116718. Taiho Transportation's return on assets of last year was 0.0313202. ==> Last year is higher ==> Score 0.

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.

Taiho Transportation's current Net Income (TTM) was 204. Taiho Transportation's current Cash Flow from Operations (TTM) was 493. ==> 493 > 204 ==> 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
=1528.607/9753.8515
=0.1567183

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1709.147/9697.949
=0.17623799

Taiho Transportation's gearing of this year was 0.1567183. Taiho Transportation's gearing of last year was 0.17623799. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=3937.132/1273.195
=3.09232443

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3722.927/1144.239
=3.25362708

Taiho Transportation's current ratio of this year was 3.09232443. Taiho Transportation's current ratio of last year was 3.25362708. ==> 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.

Taiho Transportation's number of shares in issue this year was 0.746. Taiho Transportation's number of shares in issue last year was 0.746. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=818.584/8084.61
=0.10125213

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=690.289/7758.23
=0.08897506

Taiho Transportation's gross margin of this year was 0.10125213. Taiho Transportation's gross margin of last year was 0.08897506. ==> 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 (Mar25)
=8084.61/9653.528
=0.83747724

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7758.23/9742.37
=0.79633908

Taiho Transportation's asset turnover of this year was 0.83747724. Taiho Transportation's asset turnover of last year was 0.79633908. ==> 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+0+1+1+0+1+1+1
=7

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

Taiho Transportation has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Taiho Transportation (NGO:9040) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taiho Transportation and its competitors. This is near median its historical median of 7.00. Over the past decade, Taiho Transportation's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Taiho Transportation ranks #128 out of 979 companies in the Transportation industry, placing it in the top 13.1%.
Is Taiho Transportation's Piotroski F-Score too high?
Taiho Transportation's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Taiho Transportation's value of 7 is 16.7% above this industry median. Based on the distribution chart, Taiho Transportation ranks #128 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Taiho Transportation has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiho Transportation's Piotroski F-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Taiho Transportation ranks #128 out of 979 companies for Piotroski F-Score. This places Taiho Transportation in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Taiho Transportation's value of 7 is 16.7% above this benchmark. Historically, Taiho Transportation's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Taiho Transportation 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Taiho Transportation's current Piotroski F-Score of 7 is 16.7% 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 Taiho Transportation and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiho Transportation's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiho Transportation stock overvalued right now?
Based on GuruFocus' analysis, Taiho Transportation (NGO:9040) is currently considered Fairly Valued. The stock's GF Value™ is 円3,931.36, compared to a current price of 円4,250.00 — trading 8.1% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Transportation industry median of 6.00. Taiho Transportation's overall GF Score™ is 65/100 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 Taiho Transportation (NGO:9040), the current Piotroski F-Score is 7 as of Jun. 27, 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 Taiho Transportation (NGO:9040) Overvalued in 2026?

Based on GuruFocus' analysis, Taiho Transportation stock appears to be overvalued. The current stock price of 円4,250.00 is trading 8.1% above its estimated GF Value™ of 円3,931.36. GuruFocus considers Taiho Transportation to be Fairly Valued.

Key valuation signals for NGO:9040:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円3,931.36 vs. price of 円4,250.00 (8.1% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 979)

No single metric tells the full story. See the NGO:9040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiho Transportation Business Description

Address 5 - 3, 17 Kanayama Naka-ku, Nagoya, JPN, 460-0022
Taiho Transportation is a Japanese company engaged in the general cargo transportation business. It provides general freight handling, automobile maintenance, buying and selling of new and used vehicles, used vehicle parts insurance agency and various vehicle leasing services. The company is also engaged in the general worker and specified worker dispatching business.
65GF Score

Get the complete analysis for NGO:9040

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

円4,250.00
Price
円3,931.36
GF Value