Fukutome Meat Packers (TSE:2291) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 25% Below Median


TSE:2291 Fukutome Meat Packers Ltd TSE:2291
44 GF Score
Price 円478.00
GF Value 円1,393.03
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Fukutome Meat Packers Piotroski F-Score?

Fukutome Meat Packers TSE:2291 +1.92% 44 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates TSE:2291 with a GF Score™ of 44/100 and a GF Value™ of 円1,393.03 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Fukutome Meat Packers ranks worse than 84.82% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Fukutome Meat Packers has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TSE:2291' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Fukutome Meat Packers was 7. The lowest was 2. And the median was 4.

Fukutome Meat Packers  (TSE:2291) 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.


Fukutome Meat Packers Piotroski F-Score Related Terms


Fukutome Meat Packers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fukutome Meat Packers'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.

Fukutome Meat Packers Piotroski F-Score Chart

Fukutome Meat Packers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 6.00 3.00 0.00

Fukutome Meat Packers Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 6.00 0.00 3.00 0.00 0.00

TSE:2291 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Fukutome Meat Packers'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.


Fukutome Meat Packers Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fukutome Meat Packers's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fukutome Meat Packers's Piotroski F-Score falls into.


TSE:2291
44GF Score
Fukutome Meat Packers Ltd TSE:2291
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 円-640 Mil.
Cash Flow from Operations was 円-239 Mil.
Revenue was 円24,621 Mil.
Gross Profit was 円3,576 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (13567 + 12521) / 2 = 円13044 Mil.
Total Assets at the begining of this year (Mar24) was 円13,567 Mil.
Long-Term Debt & Capital Lease Obligation was 円870 Mil.
Total Current Assets was 円5,543 Mil.
Total Current Liabilities was 円8,041 Mil.
Net Income was 円150 Mil.

Revenue was 円25,193 Mil.
Gross Profit was 円3,835 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (13706 + 13567) / 2 = 円13636.5 Mil.
Total Assets at the begining of last year (Mar23) was 円13,706 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,682 Mil.
Total Current Assets was 円6,863 Mil.
Total Current Liabilities was 円7,529 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.

Fukutome Meat Packers's current Net Income (TTM) was -640. ==> Negative ==> Score 0.

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.

Fukutome Meat Packers's current Cash Flow from Operations (TTM) was -239. ==> Negative ==> Score 0.

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 (Mar24)
=-640/13567
=-0.04717329

ROA (Last Year)=Net Income/Total Assets (Mar23)
=150/13706
=0.01094411

Fukutome Meat Packers's return on assets of this year was -0.04717329. Fukutome Meat Packers's return on assets of last year was 0.01094411. ==> 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.

Fukutome Meat Packers's current Net Income (TTM) was -640. Fukutome Meat Packers's current Cash Flow from Operations (TTM) was -239. ==> -239 > -640 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=870/13044
=0.06669733

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1682/13636.5
=0.12334543

Fukutome Meat Packers's gearing of this year was 0.06669733. Fukutome Meat Packers's gearing of last year was 0.12334543. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=5543/8041
=0.68934212

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=6863/7529
=0.91154204

Fukutome Meat Packers's current ratio of this year was 0.68934212. Fukutome Meat Packers's current ratio of last year was 0.91154204. ==> 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.

Fukutome Meat Packers's number of shares in issue this year was 3.337. Fukutome Meat Packers's number of shares in issue last year was 3.337. ==> 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
=3576/24621
=0.14524187

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3835/25193
=0.15222482

Fukutome Meat Packers's gross margin of this year was 0.14524187. Fukutome Meat Packers's gross margin of last year was 0.15222482. ==> 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 (Mar24)
=24621/13567
=1.81477114

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=25193/13706
=1.8381001

Fukutome Meat Packers's asset turnover of this year was 1.81477114. Fukutome Meat Packers's asset turnover of last year was 1.8381001. ==> 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
=0+0+0+1+1+0+1+0+0
=3

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

Fukutome Meat Packers has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Fukutome Meat Packers (TSE:2291) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fukutome Meat Packers and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Fukutome Meat Packers' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Fukutome Meat Packers ranks #1620 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Fukutome Meat Packers' Piotroski F-Score too high?
Fukutome Meat Packers' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Fukutome Meat Packers' value of 3 is 40% below this industry median. Based on the distribution chart, Fukutome Meat Packers ranks #1620 out of 1910 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Fukutome Meat Packers has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fukutome Meat Packers' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fukutome Meat Packers ranks #1620 out of 1910 companies for Piotroski F-Score. This places Fukutome Meat Packers in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Fukutome Meat Packers' value of 3 is 40% below this benchmark. Historically, Fukutome Meat Packers' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Fukutome Meat Packers 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 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. Fukutome Meat Packers's current Piotroski F-Score of 3 is 40% 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 Fukutome Meat Packers 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. Fukutome Meat Packers's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukutome Meat Packers stock overvalued right now?
Based on GuruFocus' analysis, Fukutome Meat Packers (TSE:2291) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,393.03, compared to a current price of 円478.00 — trading 65.7% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Fukutome Meat Packers' overall GF Score™ is 44/100 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 Fukutome Meat Packers (TSE:2291), the current Piotroski F-Score is 3 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 Fukutome Meat Packers (TSE:2291) Overvalued in 2026?

Based on GuruFocus' analysis, Fukutome Meat Packers stock appears to be undervalued. The current stock price of 円478.00 is trading 65.7% below its estimated GF Value™ of 円1,393.03. GuruFocus considers Fukutome Meat Packers to be Possible Value Trap.

Key valuation signals for TSE:2291:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: 円1,393.03 vs. price of 円478.00 (65.7% below fair value)
  • GF Score™: 44/100 with 6 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1620 of 1910)

No single metric tells the full story. See the TSE:2291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukutome Meat Packers Business Description

Address Kusatsuminato 2-6-75, Hiroshima Nishi-ku, Kusatsu-ko chome, Hiroshima, JPN, 733-0832
Fukutome Meat Packers Ltd is a Japan-based company engaged in the purchase, processing, manufacture, and sale of meat products and other foodstuffs. The products of the company include ham, sausage, bacon, hana sausage, roast pork, roast beef, delica products, beef, and other related products.
44GF Score

Get the complete analysis for TSE:2291

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

円478.00
Price
円1,393.03
GF Value