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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Panasonic Manufacturing PhilippinesPHS:PMPC 84 Piotroski F-Score is 5 as of Aug. 10, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates PHS:PMPC with a GF Score™ of 84/100 and a GF Value™ of ₱5.99 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,419 Hardware companies, Panasonic Manufacturing Philippines ranks better than 60.19% 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
Panasonic Manufacturing Philippines has an F-score of 5 indicating the company's financial situation is typical for a stable company.
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.
Panasonic Manufacturing Philippines Piotroski F-Score Related Terms
Panasonic Manufacturing Philippines Piotroski F-Score Historical Data
* 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.
For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.
Panasonic Manufacturing Philippines Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Panasonic Manufacturing Philippines'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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 394.33 + 150.576 + 35.962 + -109.019 = ₱472 Mil. Cash Flow from Operations was 1022.761 + 642.699 + -166.086 + -146.637 = ₱1,353 Mil. Revenue was 4543.888 + 3811.508 + 3705.739 + 4549.056 = ₱16,610 Mil. Gross Profit was 679.354 + 804.888 + 925.307 + 1387.897 = ₱3,797 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9571.477 + 9752.856 + 9740.903 + 9380.207 + 9588.879) / 5 = ₱9606.8644 Mil. Total Assets at the begining of this year (Mar25) was ₱9,571 Mil. Long-Term Debt & Capital Lease Obligation was ₱9 Mil. Total Current Assets was ₱7,894 Mil. Total Current Liabilities was ₱3,732 Mil.
Net Income was 98.287 + 54.28 + 292.79 + 75.34 = ₱521 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.
Panasonic Manufacturing Philippines's current Net Income (TTM) was 472.
==> 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.
Panasonic Manufacturing Philippines's current Cash Flow from Operations (TTM) was 1,353.
==> 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.
Panasonic Manufacturing Philippines's return on assets of this year was 0.04929741. Panasonic Manufacturing Philippines's return on assets of last year was 0.06016167.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Panasonic Manufacturing Philippines's gearing of this year was 0.00095234. Panasonic Manufacturing Philippines's gearing of last year was 0.00050206.
==> Last year is lower than this year ==> Score 0.
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
Panasonic Manufacturing Philippines's current ratio of this year was 2.11502502. Panasonic Manufacturing Philippines's current ratio of last year was 2.18100767.
==> 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.
Panasonic Manufacturing Philippines's number of shares in issue this year was 422.718. Panasonic Manufacturing Philippines's number of shares in issue last year was 430.15.
==> 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.
Panasonic Manufacturing Philippines's gross margin of this year was 0.22862145. Panasonic Manufacturing Philippines's gross margin of last year was 0.18773178.
==> 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
Panasonic Manufacturing Philippines's asset turnover of this year was 1.73538431. Panasonic Manufacturing Philippines's asset turnover of last year was 1.95287339.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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Que. 2
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Panasonic Manufacturing Philippines has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Panasonic Manufacturing Philippines (PHS:PMPC) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Panasonic Manufacturing Philippines and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Panasonic Manufacturing Philippines' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Panasonic Manufacturing Philippines ranks #963 out of 2419 companies in the Hardware industry, placing it in the top 39.8%.
Is Panasonic Manufacturing Philippines' Piotroski F-Score too high?
Panasonic Manufacturing Philippines' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Panasonic Manufacturing Philippines' value of 5 is 0% at this industry median. Based on the distribution chart, Panasonic Manufacturing Philippines ranks #963 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, Panasonic Manufacturing Philippines has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Panasonic Manufacturing Philippines' Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Panasonic Manufacturing Philippines ranks #963 out of 2419 companies for Piotroski F-Score. This puts Panasonic Manufacturing Philippines in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Panasonic Manufacturing Philippines' value of 5 is 0% at this benchmark. Historically, Panasonic Manufacturing Philippines' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Panasonic Manufacturing Philippines has consistently been at 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,419 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. Panasonic Manufacturing Philippines's current Piotroski F-Score of 5 is 0% at 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 Panasonic Manufacturing Philippines and its competitors. For the Hardware 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. Panasonic Manufacturing Philippines's current Piotroski F-Score is 5, which is 17% below 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 Panasonic Manufacturing Philippines stock overvalued right now?
Based on GuruFocus' analysis, Panasonic Manufacturing Philippines (PHS:PMPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱5.99, compared to a current price of ₱7.33 — trading 22.4% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Hardware industry median of 5.00. Panasonic Manufacturing Philippines' overall GF Score™ is 84/100 with 2 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 Panasonic Manufacturing Philippines (PHS:PMPC), the current Piotroski F-Score is 5 as of Aug. 10, 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 Panasonic Manufacturing Philippines (PHS:PMPC) Overvalued in 2026?
Based on GuruFocus' analysis, Panasonic Manufacturing Philippines stock appears to be overvalued.
The current stock price of ₱7.33 is trading 22.4% above its estimated GF Value™ of ₱5.99.
GuruFocus considers Panasonic Manufacturing Philippines to be Modestly Overvalued.
Key valuation signals for PHS:PMPC:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ₱5.99 vs. price of ₱7.33 (22.4% above fair value)
Industry Position: 0% at the Hardware median (#963 of 2419)
No single metric tells the full story. See the PHS:PMPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panasonic Manufacturing Philippines Corp is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Electric Works (EW) includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hong Kong, and Taiwan.
84GF Score
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