Alsok Co (TSE:2331) Piotroski F-Score: 7 (As of Jun. 30, 2026) — Near Median


TSE:2331 Alsok Co Ltd TSE:2331
91 GF Score
Price 円1,068.00
GF Value 円1,167.70
Valuation Fairly Valued
! 4 Warning Signs
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What is Alsok Co Piotroski F-Score?

Alsok Co TSE:2331 -0.56% 91 Piotroski F-Score is 7 as of Jun. 30, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:2331 with a GF Score™ of 91/100 and a GF Value™ of 円1,167.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,063 Business Services companies, Alsok Co ranks better than 88.99% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Alsok Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:2331' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Alsok Co was 9. The lowest was 4. And the median was 7.

Alsok Co  (TSE:2331) 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.


Alsok Co Piotroski F-Score Related Terms


Alsok Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Alsok 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.

Alsok Co Piotroski F-Score Chart

Alsok Co 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 7.00 4.00 8.00 5.00 7.00

Alsok Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 5.00 7.00 8.00 8.00 7.00

TSE:2331 vs ALLE, MSA, ADT: Piotroski F-Score Comparison

For the Security & Protection Services subindustry, Alsok 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.


Alsok Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Alsok Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2331
91GF Score
Alsok Co Ltd TSE:2331
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 6435 + 8172 + 9066 + 9589 = 円33,262 Mil.
Cash Flow from Operations was 5717 + 15934 + 13850 + 18285 = 円53,786 Mil.
Revenue was 141154 + 150183 + 147803 + 157886 = 円597,026 Mil.
Gross Profit was 33920 + 35898 + 35238 + 38000 = 円143,056 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(572402 + 576620 + 580772 + 611996 + 675024) / 5 = 円603362.8 Mil.
Total Assets at the begining of this year (Mar25) was 円572,402 Mil.
Long-Term Debt & Capital Lease Obligation was 円48,038 Mil.
Total Current Assets was 円297,870 Mil.
Total Current Liabilities was 円139,510 Mil.
Net Income was 4288 + 5803 + 7069 + 9586 = 円26,746 Mil.

Revenue was 129011 + 134269 + 137221 + 151380 = 円551,881 Mil.
Gross Profit was 29586 + 31360 + 33074 + 36635 = 円130,655 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(567561 + 562557 + 565605 + 601163 + 572402) / 5 = 円573857.6 Mil.
Total Assets at the begining of last year (Mar24) was 円567,561 Mil.
Long-Term Debt & Capital Lease Obligation was 円36,163 Mil.
Total Current Assets was 円256,722 Mil.
Total Current Liabilities was 円108,892 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.

Alsok Co's current Net Income (TTM) was 33,262. ==> 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.

Alsok Co's current Cash Flow from Operations (TTM) was 53,786. ==> 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 (Mar25)
=33262/572402
=0.05810951

ROA (Last Year)=Net Income/Total Assets (Mar24)
=26746/567561
=0.04712445

Alsok Co's return on assets of this year was 0.05810951. Alsok Co's return on assets of last year was 0.04712445. ==> 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.

Alsok Co's current Net Income (TTM) was 33,262. Alsok Co's current Cash Flow from Operations (TTM) was 53,786. ==> 53,786 > 33,262 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=48038/603362.8
=0.07961711

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=36163/573857.6
=0.06301738

Alsok Co's gearing of this year was 0.07961711. Alsok Co's gearing of last year was 0.06301738. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=297870/139510
=2.13511576

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=256722/108892
=2.35758366

Alsok Co's current ratio of this year was 2.13511576. Alsok Co's current ratio of last year was 2.35758366. ==> 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.

Alsok Co's number of shares in issue this year was 485.662. Alsok Co's number of shares in issue last year was 489.214. ==> 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
=143056/597026
=0.23961436

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=130655/551881
=0.23674488

Alsok Co's gross margin of this year was 0.23961436. Alsok Co's gross margin of last year was 0.23674488. ==> 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 (Mar25)
=597026/572402
=1.04301872

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=551881/567561
=0.97237301

Alsok Co's asset turnover of this year was 1.04301872. Alsok Co's asset turnover of last year was 0.97237301. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+1+1+1
=7

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

Alsok Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Alsok Co (TSE:2331) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alsok Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Alsok Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Alsok Co ranks #117 out of 1063 companies in the Business Services industry, placing it in the top 11%.
Is Alsok Co's Piotroski F-Score too high?
Alsok Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Alsok Co's value of 7 is 40% above this industry median. Based on the distribution chart, Alsok Co ranks #117 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Alsok Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alsok Co's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Alsok Co ranks #117 out of 1063 companies for Piotroski F-Score. This places Alsok Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Alsok Co's value of 7 is 40% above this benchmark. Historically, Alsok Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Alsok 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Alsok Co's current Piotroski F-Score of 7 is 40% 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 Alsok Co and its competitors. For the Business Services 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. Alsok Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alsok Co stock overvalued right now?
Based on GuruFocus' analysis, Alsok Co (TSE:2331) is currently considered Fairly Valued. The stock's GF Value™ is 円1,167.70, compared to a current price of 円1,068.00 — trading 8.5% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. Alsok Co's overall GF Score™ is 91/100 with 4 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 Alsok Co (TSE:2331), the current Piotroski F-Score is 7 as of Jun. 30, 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 Alsok Co (TSE:2331) Overvalued in 2026?

Based on GuruFocus' analysis, Alsok Co stock appears to be undervalued. The current stock price of 円1,068.00 is trading 8.5% below its estimated GF Value™ of 円1,167.70. GuruFocus considers Alsok Co to be Fairly Valued.

Key valuation signals for TSE:2331:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円1,167.70 vs. price of 円1,068.00 (8.5% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 40% above the Business Services median (#117 of 1063)

No single metric tells the full story. See the TSE:2331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alsok Co Business Description

Address 1-6-6 Motoakasaka, Minato-ku, Tokyo, JPN, 107-8511
Alsok Co Ltd is a Japanese security services provider. The services and products offered include home security systems, personal security for senior citizens, children and women, life support such as housework contracting, listening-device inspection and long-term care, online security systems for corporations, electronic security systems with monitoring capabilities, ATM management systems, damage insurance, and housing complexes security services.
91GF Score

Get the complete analysis for TSE:2331

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

円1,068.00
Price
円1,167.70
GF Value