Transgenic Group (TSE:2342) Piotroski F-Score: 6 (As of Jun. 30, 2026) — 20% Above Median


TSE:2342 Transgenic Group Inc TSE:2342
59 GF Score
Price 円211.00
GF Value 円257.18
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Transgenic Group Piotroski F-Score?

Transgenic Group TSE:2342 +1.93% 59 Piotroski F-Score is 6 as of Jun. 30, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:2342 with a GF Score™ of 59/100 and a GF Value™ of 円257.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,339 Biotechnology companies, Transgenic Group ranks better than 92.01% 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

Transgenic Group 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 Transgenic Group's Piotroski F-Score or its related term are showing as below:

TSE:2342' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Transgenic Group was 7. The lowest was 1. And the median was 5.

Transgenic Group  (TSE:2342) 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.


Transgenic Group Piotroski F-Score Related Terms


Transgenic Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Transgenic Group'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.

Transgenic Group Piotroski F-Score Chart

Transgenic Group 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 1.00 5.00 4.00 6.00

Transgenic Group 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 5.00 0.00 4.00 0.00 6.00

TSE:2342 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Transgenic Group'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.


Transgenic Group Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Transgenic Group's Piotroski F-Score distribution charts can be found below:

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


TSE:2342
59GF Score
Transgenic Group Inc TSE:2342
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 円-77 Mil.
Cash Flow from Operations was 円26 Mil.
Revenue was 円13,174 Mil.
Gross Profit was 円2,434 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (9586.399 + 9735.359) / 2 = 円9660.879 Mil.
Total Assets at the begining of this year (Mar25) was 円9,586 Mil.
Long-Term Debt & Capital Lease Obligation was 円953 Mil.
Total Current Assets was 円6,709 Mil.
Total Current Liabilities was 円3,848 Mil.
Net Income was 円-1,090 Mil.

Revenue was 円13,005 Mil.
Gross Profit was 円2,167 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (9810.999 + 9586.399) / 2 = 円9698.699 Mil.
Total Assets at the begining of last year (Mar24) was 円9,811 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,356 Mil.
Total Current Assets was 円6,699 Mil.
Total Current Liabilities was 円3,272 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.

Transgenic Group's current Net Income (TTM) was -77. ==> 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.

Transgenic Group's current Cash Flow from Operations (TTM) was 26. ==> 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)
=-77.267/9586.399
=-0.00806007

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1089.641/9810.999
=-0.11106321

Transgenic Group's return on assets of this year was -0.00806007. Transgenic Group's return on assets of last year was -0.11106321. ==> 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.

Transgenic Group's current Net Income (TTM) was -77. Transgenic Group's current Cash Flow from Operations (TTM) was 26. ==> 26 > -77 ==> 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
=952.556/9660.879
=0.09859931

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1356.401/9698.699
=0.13985391

Transgenic Group's gearing of this year was 0.09859931. Transgenic Group's gearing of last year was 0.13985391. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=6708.698/3848.433
=1.74322848

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6698.896/3272.076
=2.0472923

Transgenic Group's current ratio of this year was 1.74322848. Transgenic Group's current ratio of last year was 2.0472923. ==> 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.

Transgenic Group's number of shares in issue this year was 16.653. Transgenic Group's number of shares in issue last year was 16.633. ==> 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
=2433.712/13174.425
=0.18473004

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2166.787/13005.126
=0.16661023

Transgenic Group's gross margin of this year was 0.18473004. Transgenic Group's gross margin of last year was 0.16661023. ==> 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)
=13174.425/9586.399
=1.37428298

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=13005.126/9810.999
=1.32556593

Transgenic Group's asset turnover of this year was 1.37428298. Transgenic Group's asset turnover of last year was 1.32556593. ==> 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
=0+1+1+1+1+0+0+1+1
=6

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

Transgenic Group 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?
Transgenic Group (TSE:2342) has a Piotroski F-Score of 6 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Transgenic Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Transgenic Group's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Transgenic Group ranks #107 out of 1339 companies in the Biotechnology industry, placing it in the top 8%.
Is Transgenic Group's Piotroski F-Score too high?
Transgenic Group's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Biotechnology industry median Piotroski F-Score is 3.00. Transgenic Group's value of 6 is 100% above this industry median. Based on the distribution chart, Transgenic Group ranks #107 out of 1339 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Transgenic Group has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transgenic Group's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Transgenic Group ranks #107 out of 1339 companies for Piotroski F-Score. This places Transgenic Group in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Transgenic Group's value of 6 is 100% above this benchmark. Historically, Transgenic Group's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Transgenic Group 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,339 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. Transgenic Group's current Piotroski F-Score of 6 is 100% 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 Transgenic Group and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transgenic Group's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transgenic Group stock overvalued right now?
Based on GuruFocus' analysis, Transgenic Group (TSE:2342) is currently considered Modestly Undervalued. The stock's GF Value™ is 円257.18, compared to a current price of 円211.00 — trading 18% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 100% above the Biotechnology industry median of 3.00. Transgenic Group's overall GF Score™ is 59/100 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 Transgenic Group (TSE:2342), the current Piotroski F-Score is 6 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 Transgenic Group (TSE:2342) Overvalued in 2026?

Based on GuruFocus' analysis, Transgenic Group stock appears to be undervalued. The current stock price of 円211.00 is trading 18% below its estimated GF Value™ of 円257.18. GuruFocus considers Transgenic Group to be Modestly Undervalued.

Key valuation signals for TSE:2342:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円257.18 vs. price of 円211.00 (18% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 100% above the Biotechnology median (#107 of 1339)

No single metric tells the full story. See the TSE:2342 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Transgenic Group Business Description

Address 2-3-36 Tenjin, Chuo-ku, Fukuoka Prefecture, Fukuoka, JPN
Transgenic Group Inc formerly Trans Genic Inc is engaged in offering assistance of non-clinical experiments using large animals and general rearing management work, and non-clinical trial service using large animals. The company has two segments: Drug discovery support business, and Investment and consulting business.
59GF Score

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

円211.00
Price
円257.18
GF Value