Hagoromo Foods (TSE:2831) Piotroski F-Score: 7 (As of Jul. 01, 2026) — 17% Above Median


TSE:2831 Hagoromo Foods Corp TSE:2831
62 GF Score
Price 円3,470.00
GF Value 円3,311.42
Valuation Fairly Valued
! 6 Warning Signs
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What is Hagoromo Foods Piotroski F-Score?

Hagoromo Foods TSE:2831 -1.14% 62 Piotroski F-Score is 7 as of Jul. 01, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:2831 with a GF Score™ of 62/100 and a GF Value™ of 円3,311.42 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, Hagoromo Foods ranks better than 88.52% 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

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

TSE:2831' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Hagoromo Foods was 8. The lowest was 3. And the median was 6.

Hagoromo Foods  (TSE:2831) 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.


Hagoromo Foods Piotroski F-Score Related Terms


Hagoromo Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hagoromo Foods'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.

Hagoromo Foods Piotroski F-Score Chart

Hagoromo Foods 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 5.00 3.00 7.00 8.00 7.00

Hagoromo Foods 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 7.00 0.00 8.00 0.00 7.00

TSE:2831 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Hagoromo Foods'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.


Hagoromo Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


TSE:2831
62GF Score
Hagoromo Foods Corp TSE:2831
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2,637 Mil.
Cash Flow from Operations was 円4,804 Mil.
Revenue was 円75,078 Mil.
Gross Profit was 円16,138 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (68733.744 + 80393.266) / 2 = 円74563.505 Mil.
Total Assets at the begining of this year (Mar25) was 円68,734 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,285 Mil.
Total Current Assets was 円38,013 Mil.
Total Current Liabilities was 円18,930 Mil.
Net Income was 円2,460 Mil.

Revenue was 円74,651 Mil.
Gross Profit was 円15,966 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (66366.798 + 68733.744) / 2 = 円67550.271 Mil.
Total Assets at the begining of last year (Mar24) was 円66,367 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,543 Mil.
Total Current Assets was 円37,570 Mil.
Total Current Liabilities was 円20,225 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.

Hagoromo Foods's current Net Income (TTM) was 2,637. ==> 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.

Hagoromo Foods's current Cash Flow from Operations (TTM) was 4,804. ==> 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)
=2636.706/68733.744
=0.03836116

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2459.725/66366.798
=0.03706258

Hagoromo Foods's return on assets of this year was 0.03836116. Hagoromo Foods's return on assets of last year was 0.03706258. ==> 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.

Hagoromo Foods's current Net Income (TTM) was 2,637. Hagoromo Foods's current Cash Flow from Operations (TTM) was 4,804. ==> 4,804 > 2,637 ==> 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
=4285.019/74563.505
=0.05746805

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2543.223/67550.271
=0.03764934

Hagoromo Foods's gearing of this year was 0.05746805. Hagoromo Foods's gearing of last year was 0.03764934. ==> 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
=38013.431/18930.203
=2.00808364

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=37570.133/20225.257
=1.85758495

Hagoromo Foods's current ratio of this year was 2.00808364. Hagoromo Foods's current ratio of last year was 1.85758495. ==> This year's current ratio is higher. ==> Score 1.

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.

Hagoromo Foods's number of shares in issue this year was 9.411. Hagoromo Foods's number of shares in issue last year was 9.411. ==> 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
=16137.748/75078.037
=0.21494632

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15965.996/74650.697
=0.21387605

Hagoromo Foods's gross margin of this year was 0.21494632. Hagoromo Foods's gross margin of last year was 0.21387605. ==> 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)
=75078.037/68733.744
=1.09230245

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=74650.697/66366.798
=1.12481993

Hagoromo Foods's asset turnover of this year was 1.09230245. Hagoromo Foods's asset turnover of last year was 1.12481993. ==> 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
=1+1+1+1+0+1+1+1+0
=7

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

Hagoromo Foods 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?
Hagoromo Foods (TSE:2831) has a Piotroski F-Score of 7 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hagoromo Foods and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Hagoromo Foods' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Hagoromo Foods ranks #219 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Hagoromo Foods' Piotroski F-Score too high?
Hagoromo Foods' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Hagoromo Foods' value of 7 is 40% above this industry median. Based on the distribution chart, Hagoromo Foods ranks #219 out of 1908 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Hagoromo Foods has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hagoromo Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Hagoromo Foods ranks #219 out of 1908 companies for Piotroski F-Score. This places Hagoromo Foods in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hagoromo Foods' value of 7 is 40% above this benchmark. Historically, Hagoromo Foods' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Hagoromo Foods 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 1,908 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. Hagoromo Foods'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 Hagoromo Foods 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. Hagoromo Foods's current Piotroski F-Score is 7, which is 17% above 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 Hagoromo Foods stock overvalued right now?
Based on GuruFocus' analysis, Hagoromo Foods (TSE:2831) is currently considered Fairly Valued. The stock's GF Value™ is 円3,311.42, compared to a current price of 円3,470.00 — trading 4.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Hagoromo Foods' overall GF Score™ is 62/100 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 Hagoromo Foods (TSE:2831), the current Piotroski F-Score is 7 as of Jul. 01, 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 Hagoromo Foods (TSE:2831) Overvalued in 2026?

Based on GuruFocus' analysis, Hagoromo Foods stock appears to be overvalued. The current stock price of 円3,470.00 is trading 4.8% above its estimated GF Value™ of 円3,311.42. GuruFocus considers Hagoromo Foods to be Fairly Valued.

Key valuation signals for TSE:2831:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円3,311.42 vs. price of 円3,470.00 (4.8% above fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#219 of 1908)

No single metric tells the full story. See the TSE:2831 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hagoromo Foods Business Description

Address 11-1 Minamimachi, Suruga-ku, 3rd floor, Shizuoka Station South Building, Shizuoka Prefecture, Shizuoka, JPN
Hagoromo Foods Corp manufactures and sells a wide range of canned products including pasta, shrimp, corn, pasta, shavings, laver, sprinkling, and packaged rice.
62GF Score

Get the complete analysis for TSE:2831

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

円3,470.00
Price
円3,311.42
GF Value