Tauns Laboratories (TSE:197A) Piotroski F-Score: 5 (As of Jul. 18, 2026) — 17% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:197A Tauns Laboratories Inc TSE:197A
14 GF Score
Price 円484.00
! 6 Warning Signs
View Full Analysis

What is Tauns Laboratories Piotroski F-Score?

Tauns Laboratories TSE:197A -0.82% 14 Piotroski F-Score is 5 as of Jul. 18, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:197A with a GF Score™ of 14/100. The stock has 6 warning signs investors should review. Among 804 Medical Devices & Instruments companies, Tauns Laboratories ranks better than 65.42% 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

Tauns Laboratories 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 Tauns Laboratories's Piotroski F-Score or its related term are showing as below:

TSE:197A' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of Tauns Laboratories was 7. The lowest was 5. And the median was 6.

Tauns Laboratories  (TSE:197A) 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.


Tauns Laboratories Piotroski F-Score Related Terms


Tauns Laboratories Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tauns Laboratories'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.

Tauns Laboratories Piotroski F-Score Chart

Tauns Laboratories Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 7.00 5.00

Tauns Laboratories Quarterly Data
Jun22 Jun23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.00 0.00 0.00 0.00

TSE:197A vs ISRG, BDX, MDLN: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Tauns Laboratories'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.


Tauns Laboratories Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tauns Laboratories's Piotroski F-Score distribution charts can be found below:

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


TSE:197A
14GF Score
Tauns Laboratories Inc TSE:197A
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円6,315 Mil.
Cash Flow from Operations was 円6,818 Mil.
Revenue was 円18,628 Mil.
Gross Profit was 円12,775 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (29261.325 + 36515.294) / 2 = 円32888.3095 Mil.
Total Assets at the begining of this year (Jun24) was 円29,261 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,809 Mil.
Total Current Assets was 円15,477 Mil.
Total Current Liabilities was 円9,530 Mil.
Net Income was 円5,774 Mil.

Revenue was 円18,435 Mil.
Gross Profit was 円12,498 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (18332.162 + 29261.325) / 2 = 円23796.7435 Mil.
Total Assets at the begining of last year (Jun23) was 円18,332 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,307 Mil.
Total Current Assets was 円16,916 Mil.
Total Current Liabilities was 円10,474 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.

Tauns Laboratories's current Net Income (TTM) was 6,315. ==> 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.

Tauns Laboratories's current Cash Flow from Operations (TTM) was 6,818. ==> 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 (Jun24)
=6315.407/29261.325
=0.21582779

ROA (Last Year)=Net Income/Total Assets (Jun23)
=5774.086/18332.162
=0.31497027

Tauns Laboratories's return on assets of this year was 0.21582779. Tauns Laboratories's return on assets of last year was 0.31497027. ==> Last year is higher ==> Score 0.

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.

Tauns Laboratories's current Net Income (TTM) was 6,315. Tauns Laboratories's current Cash Flow from Operations (TTM) was 6,818. ==> 6,818 > 6,315 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=8809.081/32888.3095
=0.2678484

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=4307/23796.7435
=0.18099115

Tauns Laboratories's gearing of this year was 0.2678484. Tauns Laboratories's gearing of last year was 0.18099115. ==> 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

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=15476.605/9529.874
=1.6240094

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=16915.714/10474.442
=1.61495133

Tauns Laboratories's current ratio of this year was 1.6240094. Tauns Laboratories's current ratio of last year was 1.61495133. ==> 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.

Tauns Laboratories's number of shares in issue this year was 107.223. Tauns Laboratories's number of shares in issue last year was 106.947. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=12774.997/18627.99
=0.68579578

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12498.332/18434.863
=0.6779726

Tauns Laboratories's gross margin of this year was 0.68579578. Tauns Laboratories's gross margin of last year was 0.6779726. ==> 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 (Jun24)
=18627.99/29261.325
=0.63660788

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=18434.863/18332.162
=1.00560223

Tauns Laboratories's asset turnover of this year was 0.63660788. Tauns Laboratories's asset turnover of last year was 1.00560223. ==> 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

Tauns Laboratories has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Tauns Laboratories (TSE:197A) has a Piotroski F-Score of 5 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tauns Laboratories and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Tauns Laboratories' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Tauns Laboratories ranks #278 out of 804 companies in the Medical Devices & Instruments industry, placing it in the top 34.6%.
Is Tauns Laboratories' Piotroski F-Score too high?
Tauns Laboratories' 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 5.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Tauns Laboratories' value of 5 is 0% at this industry median. Based on the distribution chart, Tauns Laboratories ranks #278 out of 804 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Tauns Laboratories has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Tauns Laboratories' Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Tauns Laboratories ranks #278 out of 804 companies for Piotroski F-Score. This puts Tauns Laboratories in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tauns Laboratories' value of 5 is 0% at this benchmark. Historically, Tauns Laboratories' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tauns Laboratories 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 804 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. Tauns Laboratories'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 Tauns Laboratories and its competitors. For the Medical Devices & Instruments 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. Tauns Laboratories'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 Tauns Laboratories stock overvalued right now?
Tauns Laboratories (TSE:197A) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Medical Devices & Instruments industry median of 5.00. Tauns Laboratories' overall GF Score™ is 14/100 with 6 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 Tauns Laboratories (TSE:197A), the current Piotroski F-Score is 5 as of Jul. 18, 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.

Tauns Laboratories Business Description

Address 761-1 Kamishima Izunokuni-shi, Shizuoka, JPN, 410-2325
Tauns Laboratories Inc is engaged in development, manufacture and sales of in vitro diagnostics and research reagents. Its product include Capilia Flu Neo, Capilia Adeno Neo, Capilia RSV Neo, Capilia hMPV, etc.
14GF Score

Get the complete analysis for TSE:197A

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

円484.00
Price