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.
AsanumaTSE:1852 53 Piotroski F-Score is 5 as of Sep. 04, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:1852 with a GF Score™ of 53/100 and a GF Value™ of 円887.00 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,745 Construction companies, Asanuma ranks better than 54.27% 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
Asanuma has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Asanuma's Piotroski F-Score or its related term are showing as below:
TSE:1852'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Asanuma was 8. 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.
Asanuma Piotroski F-Score Related Terms
Asanuma Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asanuma'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:1852 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Asanuma'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.
Asanuma Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Asanuma's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asanuma'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.
Asanuma's current Net Income (TTM) was 5,181.
==> 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.
Asanuma's current ratio of this year was 1.93055501. Asanuma's current ratio of last year was 1.84672402.
==> 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.
Asanuma's number of shares in issue this year was 80.664. Asanuma's number of shares in issue last year was 80.606.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Asanuma's gross margin of this year was 0.11176652. Asanuma's gross margin of last year was 0.10772731.
==> 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
Asanuma's asset turnover of this year was 1.52112114. Asanuma's asset turnover of last year was 1.64941581.
==> 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
+
0
+
1
+
0
+
1
+
0
+
1
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asanuma has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Asanuma (TSE:1852) has a Piotroski F-Score of 5 as of Sep. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asanuma and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Asanuma's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Asanuma ranks #798 out of 1745 companies in the Construction industry, placing it in the top 45.7%.
Is Asanuma's Piotroski F-Score too high?
Asanuma's 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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Asanuma's value of 5 is 0% at this industry median. Based on the distribution chart, Asanuma ranks #798 out of 1745 companies in the Construction industry, which is above the industry midpoint. Overall, Asanuma has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asanuma's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Asanuma ranks #798 out of 1745 companies for Piotroski F-Score. This puts Asanuma in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Asanuma's value of 5 is 0% at this benchmark. Historically, Asanuma's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Asanuma 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,745 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. Asanuma'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 Asanuma 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. Asanuma'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 Asanuma stock overvalued right now?
Based on GuruFocus' analysis, Asanuma (TSE:1852) is currently considered Fairly Valued. The stock's GF Value™ is 円887.00, compared to a current price of 円897.00 — trading 1.1% 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 Construction industry median of 5.00. Asanuma's overall GF Score™ is 53/100 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 Asanuma (TSE:1852), the current Piotroski F-Score is 5 as of Sep. 04, 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 Asanuma (TSE:1852) Overvalued in 2026?
Based on GuruFocus' analysis, Asanuma stock appears to be overvalued.
The current stock price of 円897.00 is trading 1.1% above its estimated GF Value™ of 円887.00.
GuruFocus considers Asanuma to be Fairly Valued.
Key valuation signals for TSE:1852:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: 円887.00 vs. price of 円897.00 (1.1% above fair value)
Industry Position: 0% at the Construction median (#798 of 1745)
No single metric tells the full story. See the TSE:1852 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asanuma Corp is a Japan-based company operating in the engineering and construction sector. The firm is mainly engaged in the planning, design, supervision, contracting and consulting work of construction work. It undertakes projects related to regional development, urban development, ocean development, environmental improvement public office buildings, medical and social welfare facilities, education and research facilities, waste disposal facilities, roads, railroads, ports, and airports. The company is also engaged in the design, manufacture, sale, and rental of machine tools and machinery for construction work, and real estate business.
53GF Score
Get the complete analysis for TSE:1852
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:1852 has been successfully added to your 
