Tokyo Electron DeviceTSE:2760 +0.26%85 Piotroski F-Score is 5 as of Jul. 04, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:2760 with a GF Score™ of 85/100 and a GF Value™ of 円3,145.51 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 2,428 Hardware companies, Tokyo Electron Device ranks better than 59.56% 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
Tokyo Electron Device has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Tokyo Electron Device's Piotroski F-Score or its related term are showing as below:
TSE:2760'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Tokyo Electron Device was 8. The lowest was 3. And the median was 5.
Tokyo Electron Device (TSE:2760) 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.
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.
Tokyo Electron Device Piotroski F-Score Related Terms
Tokyo Electron Device Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tokyo Electron Device'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.
TSE:2760 vs APH, GLW: Piotroski F-Score Comparison
For the Electronic Components subindustry, Tokyo Electron Device'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.
Tokyo Electron Device Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Tokyo Electron Device's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tokyo Electron Device's Piotroski F-Score falls into.
* 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.
*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.
Tokyo Electron Device's current Net Income (TTM) was 7,842.
==> 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.
Tokyo Electron Device's current Cash Flow from Operations (TTM) was 15,684.
==> 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.
Tokyo Electron Device's return on assets of this year was 0.04999968. Tokyo Electron Device's return on assets of last year was 0.05458672.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tokyo Electron Device's gearing of this year was 0.09720142. Tokyo Electron Device's gearing of last year was 0.15241721.
==> 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
Tokyo Electron Device's current ratio of this year was 1.76867059. Tokyo Electron Device's current ratio of last year was 1.93265867.
==> 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.
Tokyo Electron Device's number of shares in issue this year was 29.494. Tokyo Electron Device's number of shares in issue last year was 30.01.
==> 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.
Tokyo Electron Device's gross margin of this year was 0.15480397. Tokyo Electron Device's gross margin of last year was 0.15589313.
==> 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
Tokyo Electron Device's asset turnover of this year was 1.29907358. Tokyo Electron Device's asset turnover of last year was 1.33101429.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tokyo Electron Device has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Tokyo Electron Device (TSE:2760) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tokyo Electron Device and its competitors. This is near median its historical median of 5.00. Over the past decade, Tokyo Electron Device's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Tokyo Electron Device ranks #982 out of 2428 companies in the Hardware industry, placing it in the top 40.4%.
Is Tokyo Electron Device's Piotroski F-Score too high?
Tokyo Electron Device's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Tokyo Electron Device's value of 5 is 0% at this industry median. Based on the distribution chart, Tokyo Electron Device ranks #982 out of 2428 companies in the Hardware industry, which is above the industry midpoint. Overall, Tokyo Electron Device has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Electron Device's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Tokyo Electron Device ranks #982 out of 2428 companies for Piotroski F-Score. This puts Tokyo Electron Device in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tokyo Electron Device's value of 5 is 0% at this benchmark. Historically, Tokyo Electron Device's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tokyo Electron Device has consistently been at 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. Tokyo Electron Device's current Piotroski F-Score of 5 is 0% at 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 Tokyo Electron Device and its competitors. For the Hardware 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. Tokyo Electron Device's current Piotroski F-Score is 5, which is near 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 Tokyo Electron Device stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Electron Device (TSE:2760) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,145.51, compared to a current price of 円3,875.00 — trading 23.2% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Hardware industry median of 5.00. Tokyo Electron Device's overall GF Score™ is 85/100 with 9 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 Tokyo Electron Device (TSE:2760), the current Piotroski F-Score is 5 as of Jul. 04, 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 Tokyo Electron Device (TSE:2760) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Electron Device stock appears to be overvalued.
The current stock price of 円3,875.00 is trading 23.2% above its estimated GF Value™ of 円3,145.51.
GuruFocus considers Tokyo Electron Device to be Modestly Overvalued.
Key valuation signals for TSE:2760:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: 円3,145.51 vs. price of 円3,875.00 (23.2% above fair value)
Industry Position: 0% at the Hardware median (#982 of 2428)
No single metric tells the full story. See the TSE:2760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Electron Device Ltd is engaged in the sales of semiconductor products, board computer products, software and other electronic components. It is also involved in the business of network and security solutions, storage solutions, and software solutions.
85GF Score
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