The Torigoe Co (TSE:2009) Piotroski F-Score: 6 (As of Jul. 15, 2026) — Near Median

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TSE:2009 The Torigoe Co Ltd TSE:2009
61 GF Score
Price 円1,084.00
GF Value 円705.08
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Torigoe Co Piotroski F-Score?

The Torigoe Co TSE:2009 +0.28% 61 Piotroski F-Score is 6 as of Jul. 15, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:2009 with a GF Score™ of 61/100 and a GF Value™ of 円705.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, The Torigoe Co ranks better than 73.14% 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

The Torigoe Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:2009' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of The Torigoe Co was 8. The lowest was 5. And the median was 6.

The Torigoe Co  (TSE:2009) 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.


The Torigoe Co Piotroski F-Score Related Terms


The Torigoe Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Torigoe 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.

The Torigoe Co Piotroski F-Score Chart

The Torigoe Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 5.00 5.00 6.00

The Torigoe Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 0.00 0.00 6.00 0.00

TSE:2009 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, The Torigoe 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.


The Torigoe Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Torigoe Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2009
61GF Score
The Torigoe Co Ltd TSE:2009
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円1,132 Mil.
Cash Flow from Operations was 円3,100 Mil.
Revenue was 円26,250 Mil.
Gross Profit was 円5,236 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (45396.149 + 46473.976) / 2 = 円45935.0625 Mil.
Total Assets at the begining of this year (Dec24) was 円45,396 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,258 Mil.
Total Current Assets was 円21,879 Mil.
Total Current Liabilities was 円4,525 Mil.
Net Income was 円950 Mil.

Revenue was 円26,168 Mil.
Gross Profit was 円4,867 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (42305.184 + 45396.149) / 2 = 円43850.6665 Mil.
Total Assets at the begining of last year (Dec23) was 円42,305 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,841 Mil.
Total Current Assets was 円23,541 Mil.
Total Current Liabilities was 円4,211 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.

The Torigoe Co's current Net Income (TTM) was 1,132. ==> 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.

The Torigoe Co's current Cash Flow from Operations (TTM) was 3,100. ==> 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 (Dec24)
=1132.163/45396.149
=0.02493963

ROA (Last Year)=Net Income/Total Assets (Dec23)
=950.007/42305.184
=0.02245604

The Torigoe Co's return on assets of this year was 0.02493963. The Torigoe Co's return on assets of last year was 0.02245604. ==> 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.

The Torigoe Co's current Net Income (TTM) was 1,132. The Torigoe Co's current Cash Flow from Operations (TTM) was 3,100. ==> 3,100 > 1,132 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1258.129/45935.0625
=0.0273893

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1841.069/43850.6665
=0.04198497

The Torigoe Co's gearing of this year was 0.0273893. The Torigoe Co's gearing of last year was 0.04198497. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=21879.27/4525.405
=4.83476507

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=23541.258/4210.946
=5.59049154

The Torigoe Co's current ratio of this year was 4.83476507. The Torigoe Co's current ratio of last year was 5.59049154. ==> 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.

The Torigoe Co's number of shares in issue this year was 23.286. The Torigoe Co's number of shares in issue last year was 23.279. ==> 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
=5235.852/26250.493
=0.19945728

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4867.105/26168.384
=0.18599181

The Torigoe Co's gross margin of this year was 0.19945728. The Torigoe Co's gross margin of last year was 0.18599181. ==> 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 (Dec24)
=26250.493/45396.149
=0.57825374

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=26168.384/42305.184
=0.61856211

The Torigoe Co's asset turnover of this year was 0.57825374. The Torigoe Co's asset turnover of last year was 0.61856211. ==> 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+1+1+1+0+0+1+0
=6

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

The Torigoe Co has an F-score of 6 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 6 mean?
The Torigoe Co (TSE:2009) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Torigoe Co and its competitors. This is near median its historical median of 6.00. Over the past decade, The Torigoe Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, The Torigoe Co ranks #513 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 26.9%.
Is The Torigoe Co's Piotroski F-Score too high?
The Torigoe Co's current Piotroski F-Score of 6 is near 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. The Torigoe Co's value of 6 is 20% above this industry median. Based on the distribution chart, The Torigoe Co ranks #513 out of 1910 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, The Torigoe Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Torigoe Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The Torigoe Co ranks #513 out of 1910 companies for Piotroski F-Score. This puts The Torigoe Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. The Torigoe Co's value of 6 is 20% above this benchmark. Historically, The Torigoe Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, The Torigoe 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. The Torigoe Co's current Piotroski F-Score of 6 is 20% 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 The Torigoe Co and its competitors. For the Consumer Packaged Goods 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. The Torigoe Co's current Piotroski F-Score is 6, which is near 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 The Torigoe Co stock overvalued right now?
Based on GuruFocus' analysis, The Torigoe Co (TSE:2009) is currently considered Significantly Overvalued. The stock's GF Value™ is 円705.08, compared to a current price of 円1,084.00 — trading 53.7% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. The Torigoe Co's overall GF Score™ is 61/100 with 5 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 The Torigoe Co (TSE:2009), the current Piotroski F-Score is 6 as of Jul. 15, 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 The Torigoe Co (TSE:2009) Overvalued in 2026?

Based on GuruFocus' analysis, The Torigoe Co stock appears to be overvalued. The current stock price of 円1,084.00 is trading 53.7% above its estimated GF Value™ of 円705.08. GuruFocus considers The Torigoe Co to be Significantly Overvalued.

Key valuation signals for TSE:2009:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円705.08 vs. price of 円1,084.00 (53.7% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#513 of 1910)

No single metric tells the full story. See the TSE:2009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Torigoe Co Business Description

Address 5-1, Hie-machi, Hakata-ku, Fukuoka-shi, JPN, 812-0014
The Torigoe Co Ltd is engaged in the manufacture and sale of flour products in Japan. The company offers flours(wheat, rye), wheat bran premixes, bakery ingredients, improvers, additives, frozen foods, functional food and health food products.
61GF Score

Get the complete analysis for TSE:2009

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

円1,084.00
Price
円705.08
GF Value