Japan Transcity (NGO:9310) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 40% Above Median


NGO:9310 Japan Transcity Corp NGO:9310
75 GF Score
Price 円878.00
GF Value 円740.98
! 3 Warning Signs
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What is Japan Transcity Piotroski F-Score?

Japan Transcity NGO:9310 75 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates NGO:9310 with a GF Score™ of 75/100 and a GF Value™ of 円740.98. The stock has 3 warning signs investors should review. Among 973 Transportation companies, Japan Transcity ranks better than 86.84% 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

Japan Transcity 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 Japan Transcity's Piotroski F-Score or its related term are showing as below:

NGO:9310' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Japan Transcity was 8. The lowest was 2. And the median was 5.

Japan Transcity  (NGO:9310) 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.


Japan Transcity Piotroski F-Score Related Terms


Japan Transcity Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Transcity'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.

Japan Transcity Piotroski F-Score Chart

Japan Transcity 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 5.00 6.00 4.00 8.00 7.00

Japan Transcity 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 8.00 N/A 7.00 7.00 7.00

NGO:9310 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Japan Transcity'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.


Japan Transcity Piotroski F-Score vs Transportation Industry

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

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


NGO:9310
75GF Score
Japan Transcity Corp NGO:9310
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 1632 + 1581 + 1932 + 1450 = 円6,595 Mil.
Cash Flow from Operations was 1583 + 3373 + 902 + 3436 = 円9,294 Mil.
Revenue was 31002 + 31115 + 32373 + 31027 = 円125,517 Mil.
Gross Profit was 3957 + 3929 + 4106 + 3784 = 円15,776 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(165411 + 163662 + 166566 + 170137 + 174722) / 5 = 円168099.6 Mil.
Total Assets at the begining of this year (Mar25) was 円165,411 Mil.
Long-Term Debt & Capital Lease Obligation was 円26,299 Mil.
Total Current Assets was 円44,936 Mil.
Total Current Liabilities was 円24,110 Mil.
Net Income was 1634 + 1559 + 1873 + 975 = 円6,041 Mil.

Revenue was 30282 + 31343 + 32529 + 30611 = 円124,765 Mil.
Gross Profit was 3728 + 3959 + 4081 + 3310 = 円15,078 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(160323 + 0 + 163147 + 163532 + 165411) / 5 = 円163103.25 Mil.
Total Assets at the begining of last year (Mar24) was 円160,323 Mil.
Long-Term Debt & Capital Lease Obligation was 円35,253 Mil.
Total Current Assets was 円46,825 Mil.
Total Current Liabilities was 円19,314 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.

Japan Transcity's current Net Income (TTM) was 6,595. ==> 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.

Japan Transcity's current Cash Flow from Operations (TTM) was 9,294. ==> 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)
=6595/165411
=0.03987038

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6041/160323
=0.03768018

Japan Transcity's return on assets of this year was 0.03987038. Japan Transcity's return on assets of last year was 0.03768018. ==> 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.

Japan Transcity's current Net Income (TTM) was 6,595. Japan Transcity's current Cash Flow from Operations (TTM) was 9,294. ==> 9,294 > 6,595 ==> 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
=26299/168099.6
=0.15644891

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=35253/163103.25
=0.21613916

Japan Transcity's gearing of this year was 0.15644891. Japan Transcity's gearing of last year was 0.21613916. ==> 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
=44936/24110
=1.86379096

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=46825/19314
=2.42440717

Japan Transcity's current ratio of this year was 1.86379096. Japan Transcity's current ratio of last year was 2.42440717. ==> 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.

Japan Transcity's number of shares in issue this year was 62.508. Japan Transcity's number of shares in issue last year was 63.096. ==> 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
=15776/125517
=0.12568815

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15078/124765
=0.1208512

Japan Transcity's gross margin of this year was 0.12568815. Japan Transcity's gross margin of last year was 0.1208512. ==> 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)
=125517/165411
=0.75881894

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=124765/160323
=0.77821024

Japan Transcity's asset turnover of this year was 0.75881894. Japan Transcity's asset turnover of last year was 0.77821024. ==> 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+1+1+0+1+1+0
=7

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

Japan Transcity 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?
Japan Transcity (NGO:9310) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Transcity and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Japan Transcity's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Japan Transcity ranks #128 out of 973 companies in the Transportation industry, placing it in the top 13.2%.
Is Japan Transcity's Piotroski F-Score too high?
Japan Transcity's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Japan Transcity's value of 7 is 16.7% above this industry median. Based on the distribution chart, Japan Transcity ranks #128 out of 973 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Transcity has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Japan Transcity's Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Japan Transcity ranks #128 out of 973 companies for Piotroski F-Score. This places Japan Transcity in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Japan Transcity's value of 7 is 16.7% above this benchmark. Historically, Japan Transcity'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 5.00 vs. the industry median of 6.00, Japan Transcity 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 973 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. Japan Transcity'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 Japan Transcity 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. Japan Transcity's current Piotroski F-Score is 7, which is 40% above 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 Japan Transcity stock overvalued right now?
Japan Transcity (NGO:9310) has a current Piotroski F-Score of 7. The stock's GF Value™ is 円740.98, compared to a current price of 円878.00 — trading 18.5% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Transportation industry median of 6.00. Japan Transcity's overall GF Score™ is 75/100 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 Japan Transcity (NGO:9310), the current Piotroski F-Score is 7 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 Japan Transcity (NGO:9310) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Transcity stock appears to be overvalued. The current stock price of 円878.00 is trading 18.5% above its estimated GF Value™ of 円740.98.

Key valuation signals for NGO:9310:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円740.98 vs. price of 円878.00 (18.5% above fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 973)

No single metric tells the full story. See the NGO:9310 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Transcity Business Description

Other Exchanges 9310:Japan
Address 1-1 2-CHOME, Yokkaichi, JPN, 510-8651
Japan Transcity Corp is a Japan-based integrated logistics company. It offers various logistics services including warehousing, domestic transportation, international freight forwarding, overseas logistics, logistics consulting and vehicle maintenance. The company's network covers all of Japan from Kanto, Chubu, Kansai, Hokkaido, and Kyushu, and expands to the U.S., Thailand, Singapore, China, and across the world.
75GF Score

Get the complete analysis for NGO:9310

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

円878.00
Price
円740.98
GF Value