Ifujingyo Co (TSE:2924) Piotroski F-Score: 5 (As of Jun. 30, 2026) — 29% Below Median


TSE:2924 Ifuji Sangyo Co Ltd TSE:2924
82 GF Score
Price 円2,012.00
GF Value 円2,267.71
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ifujingyo Co Piotroski F-Score?

Ifujingyo Co TSE:2924 -1.28% 82 Piotroski F-Score is 5 as of Jun. 30, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates TSE:2924 with a GF Score™ of 82/100 and a GF Value™ of 円2,267.71 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Ifujingyo Co ranks better than 51.91% 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

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

TSE:2924' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ifujingyo Co was 9. The lowest was 4. And the median was 7.

Ifujingyo Co  (TSE:2924) 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.


Ifujingyo Co Piotroski F-Score Related Terms


Ifujingyo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ifujingyo 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.

Ifujingyo Co Piotroski F-Score Chart

Ifujingyo 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 6.00 6.00 4.00 7.00 5.00

Ifujingyo Co 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 4.00 0.00 7.00 0.00 5.00

TSE:2924 vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Ifujingyo 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.


Ifujingyo Co Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


TSE:2924
82GF Score
Ifuji Sangyo Co Ltd TSE:2924
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2,003 Mil.
Cash Flow from Operations was 円1,174 Mil.
Revenue was 円32,572 Mil.
Gross Profit was 円5,903 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (16749 + 18925) / 2 = 円17837 Mil.
Total Assets at the begining of this year (Mar25) was 円16,749 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,386 Mil.
Total Current Assets was 円10,921 Mil.
Total Current Liabilities was 円4,833 Mil.
Net Income was 円2,102 Mil.

Revenue was 円25,557 Mil.
Gross Profit was 円6,069 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (14636 + 16749) / 2 = 円15692.5 Mil.
Total Assets at the begining of last year (Mar24) was 円14,636 Mil.
Long-Term Debt & Capital Lease Obligation was 円953 Mil.
Total Current Assets was 円9,967 Mil.
Total Current Liabilities was 円4,549 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.

Ifujingyo Co's current Net Income (TTM) was 2,003. ==> 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.

Ifujingyo Co's current Cash Flow from Operations (TTM) was 1,174. ==> 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)
=2003/16749
=0.11958923

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2102/14636
=0.14361847

Ifujingyo Co's return on assets of this year was 0.11958923. Ifujingyo Co's return on assets of last year was 0.14361847. ==> 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.

Ifujingyo Co's current Net Income (TTM) was 2,003. Ifujingyo Co's current Cash Flow from Operations (TTM) was 1,174. ==> 1,174 <= 2,003 ==> CFROA <= ROA ==> Score 0.

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
=1386/17837
=0.07770365

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=953/15692.5
=0.06072965

Ifujingyo Co's gearing of this year was 0.07770365. Ifujingyo Co's gearing of last year was 0.06072965. ==> 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
=10921/4833
=2.25967308

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=9967/4549
=2.191031

Ifujingyo Co's current ratio of this year was 2.25967308. Ifujingyo Co's current ratio of last year was 2.191031. ==> 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.

Ifujingyo Co's number of shares in issue this year was 8.146. Ifujingyo Co's number of shares in issue last year was 8.257. ==> 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
=5903/32572
=0.18122928

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6069/25557
=0.23746919

Ifujingyo Co's gross margin of this year was 0.18122928. Ifujingyo Co's gross margin of last year was 0.23746919. ==> 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 (Mar25)
=32572/16749
=1.94471312

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=25557/14636
=1.74617382

Ifujingyo Co's asset turnover of this year was 1.94471312. Ifujingyo Co's asset turnover of last year was 1.74617382. ==> 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+0+0+0+1+1+0+1
=5

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

Ifujingyo 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?
Ifujingyo Co (TSE:2924) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ifujingyo Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Ifujingyo Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Ifujingyo Co ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 48.1%.
Is Ifujingyo Co's Piotroski F-Score too high?
Ifujingyo Co's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Ifujingyo Co's value of 5 is 0% at this industry median. Based on the distribution chart, Ifujingyo Co ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ifujingyo Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ifujingyo Co's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Ifujingyo Co ranks #918 out of 1909 companies for Piotroski F-Score. This puts Ifujingyo Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ifujingyo Co's value of 5 is 0% at this benchmark. Historically, Ifujingyo Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Ifujingyo 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 1,909 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. Ifujingyo 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 Ifujingyo 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. Ifujingyo Co's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ifujingyo Co stock overvalued right now?
Based on GuruFocus' analysis, Ifujingyo Co (TSE:2924) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,267.71, compared to a current price of 円2,012.00 — trading 11.3% below its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Ifujingyo Co's overall GF Score™ is 82/100 with 2 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 Ifujingyo Co (TSE:2924), the current Piotroski F-Score is 5 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 Ifujingyo Co (TSE:2924) Overvalued in 2026?

Based on GuruFocus' analysis, Ifujingyo Co stock appears to be undervalued. The current stock price of 円2,012.00 is trading 11.3% below its estimated GF Value™ of 円2,267.71. GuruFocus considers Ifujingyo Co to be Modestly Undervalued.

Key valuation signals for TSE:2924:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: 円2,267.71 vs. price of 円2,012.00 (11.3% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1909)

No single metric tells the full story. See the TSE:2924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ifujingyo Co Business Description

Address 200-1 Oaza Tobarra, Kasuya Town, Fukuoka, JPN, 811-2312
Ifuji Sangyo Co Ltd is a Japan-based company engages in the production and sale of eggs products. Its products line include frozen, boiled, and liquid eggs as well as pot-steamed hotchpotch and egg tofu.
82GF Score

Get the complete analysis for TSE:2924

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

円2,012.00
Price
円2,267.71
GF Value