AOHATA (TSE:2830) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


TSE:2830 AOHATA Corp TSE:2830
50 GF Score
Price 円3,695.00
GF Value 円2,571.76
! 9 Warning Signs
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What is AOHATA Piotroski F-Score?

AOHATA TSE:2830 -3.90% 50 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:2830 with a GF Score™ of 50/100 and a GF Value™ of 円2,571.76. The stock has 9 warning signs investors should review.

The zones of discrimination were as such:

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

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

TSE:2830' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of AOHATA was 8. The lowest was 1. And the median was 6.

AOHATA  (TSE:2830) 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.


AOHATA Piotroski F-Score Related Terms


AOHATA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AOHATA'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.

AOHATA Piotroski F-Score Chart

AOHATA Annual Data
Trend Oct15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 4.00 6.00 6.00

AOHATA Semi-Annual Data
Oct15 Apr16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25
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 6.00 0.00 6.00 0.00

TSE:2830 vs KHC, K, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, AOHATA'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.


AOHATA Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


TSE:2830
50GF Score
AOHATA Corp TSE:2830
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 (Nov24) TTM:Last Year (Nov23) TTM:
Net Income was 円290 Mil.
Cash Flow from Operations was 円1,748 Mil.
Revenue was 円20,514 Mil.
Gross Profit was 円5,041 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Nov24) was (17062.165 + 17189.847) / 2 = 円17126.006 Mil.
Total Assets at the begining of this year (Nov23) was 円17,062 Mil.
Long-Term Debt & Capital Lease Obligation was 円500 Mil.
Total Current Assets was 円11,203 Mil.
Total Current Liabilities was 円3,014 Mil.
Net Income was 円223 Mil.

Revenue was 円20,287 Mil.
Gross Profit was 円5,083 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was (17685.074 + 17062.165) / 2 = 円17373.6195 Mil.
Total Assets at the begining of last year (Nov22) was 円17,685 Mil.
Long-Term Debt & Capital Lease Obligation was 円785 Mil.
Total Current Assets was 円10,391 Mil.
Total Current Liabilities was 円2,753 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.

AOHATA's current Net Income (TTM) was 290. ==> 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.

AOHATA's current Cash Flow from Operations (TTM) was 1,748. ==> 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 (Nov23)
=289.988/17062.165
=0.01699597

ROA (Last Year)=Net Income/Total Assets (Nov22)
=223.112/17685.074
=0.01261584

AOHATA's return on assets of this year was 0.01699597. AOHATA's return on assets of last year was 0.01261584. ==> 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.

AOHATA's current Net Income (TTM) was 290. AOHATA's current Cash Flow from Operations (TTM) was 1,748. ==> 1,748 > 290 ==> 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: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=500/17126.006
=0.02919537

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=784.888/17373.6195
=0.045177

AOHATA's gearing of this year was 0.02919537. AOHATA's gearing of last year was 0.045177. ==> 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: Nov24)=Total Current Assets/Total Current Liabilities
=11203.065/3013.964
=3.71705336

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=10390.593/2752.854
=3.77448023

AOHATA's current ratio of this year was 3.71705336. AOHATA's current ratio of last year was 3.77448023. ==> 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.

AOHATA's number of shares in issue this year was 8.254. AOHATA's number of shares in issue last year was 8.25. ==> 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
=5041.124/20513.627
=0.24574513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5082.551/20287.135
=0.25053074

AOHATA's gross margin of this year was 0.24574513. AOHATA's gross margin of last year was 0.25053074. ==> 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 (Nov23)
=20513.627/17062.165
=1.20228746

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=20287.135/17685.074
=1.14713317

AOHATA's asset turnover of this year was 1.20228746. AOHATA's asset turnover of last year was 1.14713317. ==> 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+1+0+0+0+1
=6

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

AOHATA 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?
AOHATA (TSE:2830) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AOHATA and its competitors. This is near median its historical median of 6.00. Over the past decade, AOHATA's Piotroski F-Score has ranged from 1.00 to 8.00.
Is AOHATA's Piotroski F-Score too high?
AOHATA's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. AOHATA's value of 6 is 20% above this industry median. Overall, AOHATA has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does AOHATA's Piotroski F-Score compare to KHC and K?
AOHATA's Piotroski F-Score of 6 can be compared against companies in the Consumer Packaged Goods industry. The industry median Piotroski F-Score is 5.00. AOHATA's value of 6 is 20% above this benchmark. Historically, AOHATA's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, AOHATA 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 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. AOHATA's current Piotroski F-Score of 6 is 20% 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 AOHATA 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. AOHATA's current Piotroski F-Score is 6, which is near 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 AOHATA stock overvalued right now?
AOHATA (TSE:2830) has a current Piotroski F-Score of 6. The stock's GF Value™ is 円2,571.76, compared to a current price of 円3,695.00 — trading 43.7% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. AOHATA's overall GF Score™ is 50/100 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 AOHATA (TSE:2830), the current Piotroski F-Score is 6 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 AOHATA (TSE:2830) Overvalued in 2026?

Based on GuruFocus' analysis, AOHATA stock appears to be overvalued. The current stock price of 円3,695.00 is trading 43.7% above its estimated GF Value™ of 円2,571.76.

Key valuation signals for TSE:2830:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円2,571.76 vs. price of 円3,695.00 (43.7% above fair value)
  • GF Score™: 50/100 with 9 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:2830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AOHATA Business Description

Address 1-1-25 Tadanouminaka-machi, Takehara-shi, Hiroshima, JPN, 729-2392
AOHATA Corp operates in the packaged food industry. The company specializes in producing low-sugar jams. The company in collaboration with Kewpie Corporation also offers pasta sauces, cooking sauces, and other food products. The product range includes orange marmalade, strawberry jam, blueberry jam and portion-pack jams of various kinds. The company serves dairy products, confectionery, and bakery industries.
50GF 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3,695.00
Price
円2,571.76
GF Value