Amita Holdings Co (TSE:2195) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 33% Below Median


TSE:2195 Amita Holdings Co Ltd TSE:2195
55 GF Score
Price 円316.00
GF Value 円634.35
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Amita Holdings Co Piotroski F-Score?

Amita Holdings Co TSE:2195 -4.24% 55 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:2195 with a GF Score™ of 55/100 and a GF Value™ of 円634.35 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 239 Waste Management companies, Amita Holdings Co ranks worse than 58.16% 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

Amita Holdings Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:2195' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Amita Holdings Co was 8. The lowest was 4. And the median was 6.

Amita Holdings Co  (TSE:2195) 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.


Amita Holdings Co Piotroski F-Score Related Terms


Amita Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Amita Holdings 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.

Amita Holdings Co Piotroski F-Score Chart

Amita Holdings 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 6.00 6.00 6.00 4.00

Amita Holdings 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 4.00 0.00

TSE:2195 vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, Amita Holdings 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.


Amita Holdings Co Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Amita Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2195
55GF Score
Amita Holdings Co Ltd TSE:2195
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311 Mil.
Cash Flow from Operations was 円585 Mil.
Revenue was 円4,866 Mil.
Gross Profit was 円2,181 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6594.824 + 7681.891) / 2 = 円7138.3575 Mil.
Total Assets at the begining of this year (Dec24) was 円6,595 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,272 Mil.
Total Current Assets was 円4,324 Mil.
Total Current Liabilities was 円1,871 Mil.
Net Income was 円423 Mil.

Revenue was 円4,931 Mil.
Gross Profit was 円2,226 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (6175.708 + 6594.824) / 2 = 円6385.266 Mil.
Total Assets at the begining of last year (Dec23) was 円6,176 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,711 Mil.
Total Current Assets was 円3,853 Mil.
Total Current Liabilities was 円1,658 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.

Amita Holdings Co's current Net Income (TTM) was 311. ==> 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.

Amita Holdings Co's current Cash Flow from Operations (TTM) was 585. ==> 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)
=310.974/6594.824
=0.04715425

ROA (Last Year)=Net Income/Total Assets (Dec23)
=423.184/6175.708
=0.06852397

Amita Holdings Co's return on assets of this year was 0.04715425. Amita Holdings Co's return on assets of last year was 0.06852397. ==> 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.

Amita Holdings Co's current Net Income (TTM) was 311. Amita Holdings Co's current Cash Flow from Operations (TTM) was 585. ==> 585 > 311 ==> 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
=2271.774/7138.3575
=0.31824884

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1711.328/6385.266
=0.26801201

Amita Holdings Co's gearing of this year was 0.31824884. Amita Holdings Co's gearing of last year was 0.26801201. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=4323.754/1870.702
=2.31130025

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3853.197/1657.957
=2.32406329

Amita Holdings Co's current ratio of this year was 2.31130025. Amita Holdings Co's current ratio of last year was 2.32406329. ==> 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.

Amita Holdings Co's number of shares in issue this year was 17.552. Amita Holdings Co's number of shares in issue last year was 17.552. ==> 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
=2181.329/4865.635
=0.44831332

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2226.441/4931.476
=0.45147558

Amita Holdings Co's gross margin of this year was 0.44831332. Amita Holdings Co's gross margin of last year was 0.45147558. ==> Last year's gross margin is higher ==> Score 0.

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)
=4865.635/6594.824
=0.73779604

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=4931.476/6175.708
=0.79852804

Amita Holdings Co's asset turnover of this year was 0.73779604. Amita Holdings Co's asset turnover of last year was 0.79852804. ==> 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+0+1+0+0
=4

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

Amita Holdings Co has an F-score of 4 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 4 mean?
Amita Holdings Co (TSE:2195) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amita Holdings Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Amita Holdings Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Amita Holdings Co ranks #139 out of 239 companies in the Waste Management industry, placing it in the top 58.2%.
Is Amita Holdings Co's Piotroski F-Score too high?
Amita Holdings Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. Amita Holdings Co's value of 4 is 20% below this industry median. Based on the distribution chart, Amita Holdings Co ranks #139 out of 239 companies in the Waste Management industry, which is below the industry midpoint. Overall, Amita Holdings Co has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amita Holdings Co's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Amita Holdings Co ranks #139 out of 239 companies for Piotroski F-Score. This places Amita Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Amita Holdings Co's value of 4 is 20% below this benchmark. Historically, Amita Holdings Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Amita Holdings Co has consistently been below 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 239 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. Amita Holdings Co's current Piotroski F-Score of 4 is 20% below 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 Amita Holdings Co and its competitors. For the Waste Management 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. Amita Holdings Co's current Piotroski F-Score is 4, which is 33% 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 Amita Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Amita Holdings Co (TSE:2195) is currently considered Significantly Undervalued. The stock's GF Value™ is 円634.35, compared to a current price of 円316.00 — trading 50.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Waste Management industry median of 5.00. Amita Holdings Co's overall GF Score™ is 55/100 with 2 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 Amita Holdings Co (TSE:2195), the current Piotroski F-Score is 4 as of Jun. 28, 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 Amita Holdings Co (TSE:2195) Overvalued in 2026?

Based on GuruFocus' analysis, Amita Holdings Co stock appears to be undervalued. The current stock price of 円316.00 is trading 50.2% below its estimated GF Value™ of 円634.35. GuruFocus considers Amita Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:2195:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: 円634.35 vs. price of 円316.00 (50.2% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 20% below the Waste Management median (#139 of 239)

No single metric tells the full story. See the TSE:2195 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amita Holdings Co Business Description

Address 535 Akinono-cho, Oshikoji-agaru-Karasuma-dori, Nakagyo-ku, Kyoto, JPN, 604-0847
Amita Holdings Co Ltd is a Japanese firm. It provides recycling solution, corporate social responsibility, certification & consulting services. Its services include resource production, environmental consulting & certification, survey & research, ranching, among others. It offers planning of environmental strategy to the outsourcing of environmental management work, sustainable procurement, environmental risk consulting, environmental certification review, waste recycling.
55GF Score

Get the complete analysis for TSE:2195

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

円316.00
Price
円634.35
GF Value