Ibiden Co (STU:IBI) Piotroski F-Score: 9 (As of Jul. 02, 2026) — 29% Above Median


STU:IBI Ibiden Co Ltd STU:IBI
70 GF Score
Price €136.00
GF Value €21.04
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Ibiden Co Piotroski F-Score?

Ibiden Co STU:IBI +4.62% 70 Piotroski F-Score is 9 as of Jul. 02, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates STU:IBI with a GF Score™ of 70/100 and a GF Value™ of €21.04 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,428 Hardware companies, Ibiden Co ranks better than 99.96% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Ibiden Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Ibiden Co's Piotroski F-Score or its related term are showing as below:

STU:IBI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Ibiden Co was 9. The lowest was 3. And the median was 7.

Ibiden Co  (STU:IBI) 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.


Ibiden Co Piotroski F-Score Related Terms


Ibiden Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ibiden 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.

Ibiden Co Piotroski F-Score Chart

Ibiden Co 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 9.00 5.00 3.00 6.00 9.00

Ibiden Co 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 6.00 7.00 7.00 7.00 9.00

STU:IBI vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, Ibiden 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.


Ibiden Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Ibiden Co's Piotroski F-Score distribution charts can be found below:

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


STU:IBI
70GF Score
Ibiden Co Ltd STU:IBI
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 76.377 + 53.824 + 48.918 + 178.323 = €357 Mil.
Cash Flow from Operations was 57.379 + 156.354 + 197.146 + 183.796 = €595 Mil.
Revenue was 584.851 + 564.806 + 564.911 + 640.944 = €2,356 Mil.
Gross Profit was 210.456 + 189.233 + 153.749 + 194.524 = €748 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6712.557 + 6478.814 + 5980.697 + 5773.766 + 5235.401) / 5 = €6036.247 Mil.
Total Assets at the begining of this year (Mar25) was €6,713 Mil.
Long-Term Debt & Capital Lease Obligation was €968 Mil.
Total Current Assets was €2,538 Mil.
Total Current Liabilities was €1,208 Mil.
Net Income was 51.882 + 73.811 + 26.536 + 55.249 = €207 Mil.

Revenue was 519.171 + 588.454 + 551.042 + 614.974 = €2,274 Mil.
Gross Profit was 150.737 + 206.446 + 146.54 + 194.591 = €698 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6939.003 + 6754.223 + 6933.018 + 6864.942 + 6712.557) / 5 = €6840.7486 Mil.
Total Assets at the begining of last year (Mar24) was €6,939 Mil.
Long-Term Debt & Capital Lease Obligation was €1,570 Mil.
Total Current Assets was €3,411 Mil.
Total Current Liabilities was €2,034 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.

Ibiden Co's current Net Income (TTM) was 357. ==> 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.

Ibiden Co's current Cash Flow from Operations (TTM) was 595. ==> 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)
=357.442/6712.557
=0.05324975

ROA (Last Year)=Net Income/Total Assets (Mar24)
=207.478/6939.003
=0.02990026

Ibiden Co's return on assets of this year was 0.05324975. Ibiden Co's return on assets of last year was 0.02990026. ==> 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.

Ibiden Co's current Net Income (TTM) was 357. Ibiden Co's current Cash Flow from Operations (TTM) was 595. ==> 595 > 357 ==> 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
=967.777/6036.247
=0.1603276

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1570.403/6840.7486
=0.22956596

Ibiden Co's gearing of this year was 0.1603276. Ibiden Co's gearing of last year was 0.22956596. ==> 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
=2537.724/1208.216
=2.10038933

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3410.504/2033.699
=1.67699546

Ibiden Co's current ratio of this year was 2.10038933. Ibiden Co's current ratio of last year was 1.67699546. ==> 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.

Ibiden Co's number of shares in issue this year was 296.464. Ibiden Co's number of shares in issue last year was 298.002. ==> 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
=747.962/2355.512
=0.31753691

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=698.314/2273.641
=0.30713468

Ibiden Co's gross margin of this year was 0.31753691. Ibiden Co's gross margin of last year was 0.30713468. ==> 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)
=2355.512/6712.557
=0.35091128

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2273.641/6939.003
=0.32766105

Ibiden Co's asset turnover of this year was 0.35091128. Ibiden Co's asset turnover of last year was 0.32766105. ==> 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+1+1+1+1+1+1+1
=9

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

Ibiden Co has an F-score of 9. 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 9 mean?
Ibiden Co (STU:IBI) has a Piotroski F-Score of 9 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ibiden Co and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Ibiden Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Ibiden Co ranks #1 out of 2428 companies in the Hardware industry, placing it in the top 0%.
Is Ibiden Co's Piotroski F-Score too high?
Ibiden Co's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Ibiden Co's value of 9 is 80% above this industry median. Based on the distribution chart, Ibiden Co ranks #1 out of 2428 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ibiden Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ibiden Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Ibiden Co ranks #1 out of 2428 companies for Piotroski F-Score. This places Ibiden Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ibiden Co's value of 9 is 80% above this benchmark. Historically, Ibiden Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Ibiden 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. Ibiden Co's current Piotroski F-Score of 9 is 80% 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 Ibiden Co 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. Ibiden Co's current Piotroski F-Score is 9, which is 29% above 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 Ibiden Co stock overvalued right now?
Based on GuruFocus' analysis, Ibiden Co (STU:IBI) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.04, compared to a current price of €136.00 — trading 546.4% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Hardware industry median of 5.00. Ibiden Co's overall GF Score™ is 70/100 with 7 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 Ibiden Co (STU:IBI), the current Piotroski F-Score is 9 as of Jul. 02, 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 Ibiden Co (STU:IBI) Overvalued in 2026?

Based on GuruFocus' analysis, Ibiden Co stock appears to be overvalued. The current stock price of €136.00 is trading 546.4% above its estimated GF Value™ of €21.04. GuruFocus considers Ibiden Co to be Significantly Overvalued.

Key valuation signals for STU:IBI:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: €21.04 vs. price of €136.00 (546.4% above fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 80% above the Hardware median (#1 of 2428)

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


Ibiden Co Business Description

Address 2-1 Kandacho, Gifu Prefecture, Ogaki, JPN, 503-8604
Ibiden Co Ltd is a provider of electronic and ceramic products. The company operates through three segments: Ceramic, Electron, and other. The Ceramic segment provides environment-related ceramics products, graphite and specialty products, ceramic fibre, and fine ceramics products. The Electron segment offers package substrates in computers, information technology infrastructure, mobile device wiring boards, mobile devices, and home appliances. The other segment includes the processing of agriculture, livestock, and fisheries, the sale of oil products, and synthetic resin production. It generates the majority of its revenue from the Electronic segment.
70GF Score

Get the complete analysis for STU:IBI

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

€136.00
Price
€21.04
GF Value