Ishii Food Co (TSE:2894) Piotroski F-Score: 5 (As of Aug. 29, 2026) — 17% Below Median

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TSE:2894 Ishii Food Co Ltd TSE:2894
55 GF Score
Price 円351.00
GF Value 円326.35
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Ishii Food Co Piotroski F-Score?

Ishii Food Co TSE:2894 -0.28% 55 Piotroski F-Score is 5 as of Aug. 29, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:2894 with a GF Score™ of 55/100 and a GF Value™ of 円326.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,919 Consumer Packaged Goods companies, Ishii Food Co ranks better than 51.49% 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

Ishii Food Co 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 Ishii Food Co's Piotroski F-Score or its related term are showing as below:

TSE:2894' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ishii Food Co was 8. The lowest was 5. And the median was 6.

Ishii Food Co  (TSE:2894) 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.


Ishii Food Co Piotroski F-Score Related Terms


Ishii Food Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ishii Food 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.

Ishii Food Co Piotroski F-Score Chart

Ishii Food 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 8.00 7.00 6.00 5.00 5.00

Ishii Food Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.00 5.00 5.00 5.00 0.00

TSE:2894 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Ishii Food 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.


Ishii Food Co Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


TSE:2894
55GF Score
Ishii Food Co Ltd TSE:2894
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 75.357 + 76.485 + 107.192 + -383.813 = 円-125 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = 円0 Mil.
Revenue was 2728.875 + 2711.78 + 2960.141 + 2579.007 = 円10,980 Mil.
Gross Profit was 986.791 + 938.429 + 1058.881 + 578.36 = 円3,562 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7657.004 + 7962.727 + 7965.019 + 8709.635 + 8198.871) / 5 = 円8098.6512 Mil.
Total Assets at the begining of this year (Mar25) was 円7,657 Mil.
Long-Term Debt & Capital Lease Obligation was 円57 Mil.
Total Current Assets was 円3,966 Mil.
Total Current Liabilities was 円3,542 Mil.
Net Income was 165.359 + 15.216 + 19.324 + 0 = 円200 Mil.

Revenue was 2560.532 + 2718.058 + 2685.625 + 0 = 円7,964 Mil.
Gross Profit was 714.308 + 910.556 + 862.95 + 0 = 円2,488 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Mar25) was
(7736.573 + 8095.525 + 8196.818 + 7453.898 + 7657.004) / 5 = 円7827.9636 Mil.
Total Assets at the begining of last year (Dec23) was 円7,737 Mil.
Long-Term Debt & Capital Lease Obligation was 円73 Mil.
Total Current Assets was 円3,862 Mil.
Total Current Liabilities was 円3,191 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.

Ishii Food Co's current Net Income (TTM) was -125. ==> 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.

Ishii Food Co's current Cash Flow from Operations (TTM) was 0. ==> Negative ==> Score 0.

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)
=-124.779/7657.004
=-0.01629606

ROA (Last Year)=Net Income/Total Assets (Dec23)
=199.899/7736.573
=0.02583818

Ishii Food Co's return on assets of this year was -0.01629606. Ishii Food Co's return on assets of last year was 0.02583818. ==> Last year is higher ==> Score 0.

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.

Ishii Food Co's current Net Income (TTM) was -125. Ishii Food Co's current Cash Flow from Operations (TTM) was 0. ==> 0 > -125 ==> 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
=56.966/8098.6512
=0.00703401

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Mar25
=72.941/7827.9636
=0.009318

Ishii Food Co's gearing of this year was 0.00703401. Ishii Food Co's gearing of last year was 0.009318. ==> 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
=3965.548/3541.975
=1.11958667

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3862.495/3191.047
=1.21041621

Ishii Food Co's current ratio of this year was 1.11958667. Ishii Food Co's current ratio of last year was 1.21041621. ==> 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.

Ishii Food Co's number of shares in issue this year was 16.665. Ishii Food Co's number of shares in issue last year was 16.665. ==> 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
=3562.461/10979.803
=0.32445582

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2487.814/7964.215
=0.31237404

Ishii Food Co's gross margin of this year was 0.32445582. Ishii Food Co's gross margin of last year was 0.31237404. ==> 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)
=10979.803/7657.004
=1.4339555

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=7964.215/7736.573
=1.02942414

Ishii Food Co's asset turnover of this year was 1.4339555. Ishii Food Co's asset turnover of last year was 1.02942414. ==> 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+0+0+1+1+0+1+1+1
=5

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

Ishii Food Co has an F-score of 5 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 5 mean?
Ishii Food Co (TSE:2894) has a Piotroski F-Score of 5 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ishii Food Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Ishii Food Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Ishii Food Co ranks #931 out of 1919 companies in the Consumer Packaged Goods industry, placing it in the top 48.5%.
Is Ishii Food Co's Piotroski F-Score too high?
Ishii Food Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Ishii Food Co's value of 5 is 0% at this industry median. Based on the distribution chart, Ishii Food Co ranks #931 out of 1919 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ishii Food Co has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ishii Food Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ishii Food Co ranks #931 out of 1919 companies for Piotroski F-Score. This puts Ishii Food Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ishii Food Co's value of 5 is 0% at this benchmark. Historically, Ishii Food Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ishii Food Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,919 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. Ishii Food Co'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 Ishii Food Co 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. Ishii Food Co's current Piotroski F-Score is 5, which is 17% below 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 Ishii Food Co stock overvalued right now?
Based on GuruFocus' analysis, Ishii Food Co (TSE:2894) is currently considered Fairly Valued. The stock's GF Value™ is 円326.35, compared to a current price of 円351.00 — trading 7.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Ishii Food Co's overall GF Score™ is 55/100 with 5 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 Ishii Food Co (TSE:2894), the current Piotroski F-Score is 5 as of Aug. 29, 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 Ishii Food Co (TSE:2894) Overvalued in 2026?

Based on GuruFocus' analysis, Ishii Food Co stock appears to be overvalued. The current stock price of 円351.00 is trading 7.6% above its estimated GF Value™ of 円326.35. GuruFocus considers Ishii Food Co to be Fairly Valued.

Key valuation signals for TSE:2894:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円326.35 vs. price of 円351.00 (7.6% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#931 of 1919)

No single metric tells the full story. See the TSE:2894 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishii Food Co Business Description

Address 2-7-17 Honcho, Funabashi, JPN, 273-8690
Ishii Food Co Ltd is engaged in the production and sale of various food commodities. It produces seasoned hamburgers,c, Chinese cooking flavorings, delicatessen products, fresh fruits and vegetables in Japan.
55GF Score

Get the complete analysis for TSE:2894

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

円351.00
Price
円326.35
GF Value