Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Fudo TetraTSE:1813 +0.44%81 Piotroski F-Score is 7 as of Jul. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:1813 with a GF Score™ of 81/100 and a GF Value™ of 円2,722.61 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,729 Construction companies, Fudo Tetra ranks better than 89.42% 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
Fudo Tetra 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 Fudo Tetra's Piotroski F-Score or its related term are showing as below:
TSE:1813'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Fudo Tetra was 9. The lowest was 3. 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.
Fudo Tetra Piotroski F-Score Related Terms
Fudo Tetra Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Fudo Tetra'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.
TSE:1813 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Fudo Tetra'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.
Fudo Tetra Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Fudo Tetra's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fudo Tetra'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.
Fudo Tetra's current Net Income (TTM) was 4,461.
==> 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.
Fudo Tetra's return on assets of this year was 0.06954231. Fudo Tetra's return on assets of last year was 0.03985737.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fudo Tetra's gearing of this year was 0.01177983. Fudo Tetra's gearing of last year was 0.02080489.
==> 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
Fudo Tetra's current ratio of this year was 1.69982238. Fudo Tetra's current ratio of last year was 1.59913572.
==> 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.
Fudo Tetra's number of shares in issue this year was 15.143. Fudo Tetra's number of shares in issue last year was 15.159.
==> 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.
Fudo Tetra's gross margin of this year was 0.19559603. Fudo Tetra's gross margin of last year was 0.17265225.
==> 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
Fudo Tetra's asset turnover of this year was 1.27360167. Fudo Tetra's asset turnover of last year was 1.25900049.
==> 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
+
0
+
1
+
0
+
1
+
1
+
1
+
1
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fudo Tetra has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Fudo Tetra (TSE:1813) has a Piotroski F-Score of 7 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fudo Tetra and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Fudo Tetra's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Fudo Tetra ranks #183 out of 1729 companies in the Construction industry, placing it in the top 10.6%.
Is Fudo Tetra's Piotroski F-Score too high?
Fudo Tetra's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Fudo Tetra's value of 7 is 40% above this industry median. Based on the distribution chart, Fudo Tetra ranks #183 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Fudo Tetra has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fudo Tetra's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Fudo Tetra ranks #183 out of 1729 companies for Piotroski F-Score. This places Fudo Tetra in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fudo Tetra's value of 7 is 40% above this benchmark. Historically, Fudo Tetra'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 6.00 vs. the industry median of 5.00, Fudo Tetra 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. Fudo Tetra's current Piotroski F-Score of 7 is 40% 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 Fudo Tetra and its competitors. For the Construction 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. Fudo Tetra's current Piotroski F-Score is 7, which is 17% 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 Fudo Tetra stock overvalued right now?
Based on GuruFocus' analysis, Fudo Tetra (TSE:1813) is currently considered Fairly Valued. The stock's GF Value™ is 円2,722.61, compared to a current price of 円2,748.00 — trading 0.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Fudo Tetra's overall GF Score™ is 81/100 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 Fudo Tetra (TSE:1813), the current Piotroski F-Score is 7 as of Jul. 24, 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 Fudo Tetra (TSE:1813) Overvalued in 2026?
Based on GuruFocus' analysis, Fudo Tetra stock appears to be overvalued.
The current stock price of 円2,748.00 is trading 0.9% above its estimated GF Value™ of 円2,722.61.
GuruFocus considers Fudo Tetra to be Fairly Valued.
Key valuation signals for TSE:1813:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: 円2,722.61 vs. price of 円2,748.00 (0.9% above fair value)
Industry Position: 40% above the Construction median (#183 of 1729)
No single metric tells the full story. See the TSE:1813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fudo Tetra Corp is engaged in the business of construction work. It operates through three businesses. Its Civil Engineering business is involved in the construction of civil engineering sectors such as roads, railways, dams and rivers, water and sewage, and energy facilities, as well as ports and airports, fishing harbors, coasts, and artificial islands. The Ground Improvement business specializes in ground development work. Its Block and Environment business consist of leasing products for wave-dissipating block and foot protection use.
81GF Score
Get the complete analysis for TSE:1813
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:1813 has been successfully added to your 
