Asahi Co (TSE:3333) Piotroski F-Score: 7 (As of Jun. 25, 2026) — Near Median


TSE:3333 Asahi Co Ltd TSE:3333
72 GF Score
Price 円1,254.00
GF Value 円1,400.89
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Asahi Co Piotroski F-Score?

Asahi Co TSE:3333 -1.65% 72 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:3333 with a GF Score™ of 72/100 and a GF Value™ of 円1,400.89 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Asahi Co ranks better than 91.1% 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

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

TSE:3333' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

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

Asahi Co  (TSE:3333) 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.


Asahi Co Piotroski F-Score Related Terms


Asahi Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Asahi 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.

Asahi Co Piotroski F-Score Chart

Asahi Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 6.00 8.00 7.00

Asahi Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.00 0.00 7.00 0.00

TSE:3333 vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Asahi 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.


Asahi Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asahi Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3333
72GF Score
Asahi Co Ltd TSE:3333
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円2,269 Mil.
Cash Flow from Operations was 円6,300 Mil.
Revenue was 円81,375 Mil.
Gross Profit was 円38,791 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (54452.332 + 56077.872) / 2 = 円55265.102 Mil.
Total Assets at the begining of this year (Feb25) was 円54,452 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円32,680 Mil.
Total Current Liabilities was 円14,669 Mil.
Net Income was 円3,556 Mil.

Revenue was 円81,593 Mil.
Gross Profit was 円38,740 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (52553.873 + 54452.332) / 2 = 円53503.1025 Mil.
Total Assets at the begining of last year (Feb24) was 円52,554 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円30,561 Mil.
Total Current Liabilities was 円14,141 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.

Asahi Co's current Net Income (TTM) was 2,269. ==> 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.

Asahi Co's current Cash Flow from Operations (TTM) was 6,300. ==> 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 (Feb25)
=2268.821/54452.332
=0.04166619

ROA (Last Year)=Net Income/Total Assets (Feb24)
=3555.93/52553.873
=0.06766257

Asahi Co's return on assets of this year was 0.04166619. Asahi Co's return on assets of last year was 0.06766257. ==> 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.

Asahi Co's current Net Income (TTM) was 2,269. Asahi Co's current Cash Flow from Operations (TTM) was 6,300. ==> 6,300 > 2,269 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/55265.102
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/53503.1025
=0

Asahi Co's gearing of this year was 0. Asahi Co's gearing of last year was 0. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=32680.432/14669.201
=2.22782631

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=30561.34/14141.4
=2.16112549

Asahi Co's current ratio of this year was 2.22782631. Asahi Co's current ratio of last year was 2.16112549. ==> 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.

Asahi Co's number of shares in issue this year was 26.042. Asahi Co's number of shares in issue last year was 26.048. ==> 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
=38791.432/81374.883
=0.47670031

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38739.567/81593.454
=0.47478768

Asahi Co's gross margin of this year was 0.47670031. Asahi Co's gross margin of last year was 0.47478768. ==> 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 (Feb25)
=81374.883/54452.332
=1.49442421

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=81593.454/52553.873
=1.55256786

Asahi Co's asset turnover of this year was 1.49442421. Asahi Co's asset turnover of last year was 1.55256786. ==> 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+0+1+1+1+1+1+0
=7

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

Asahi Co 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?
Asahi Co (TSE:3333) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asahi Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Asahi Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Asahi Co ranks #98 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is Asahi Co's Piotroski F-Score too high?
Asahi Co's current Piotroski F-Score of 7 is near 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 Retail - Cyclical industry median Piotroski F-Score is 5.00. Asahi Co's value of 7 is 40% above this industry median. Based on the distribution chart, Asahi Co ranks #98 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Asahi Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Co's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asahi Co ranks #98 out of 1101 companies for Piotroski F-Score. This places Asahi Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Asahi Co's value of 7 is 40% above this benchmark. Historically, Asahi 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, Asahi Co 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Asahi Co'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 Asahi Co and its competitors. For the Retail - Cyclical 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. Asahi Co's current Piotroski F-Score is 7, which is near 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 Asahi Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Co (TSE:3333) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,400.89, compared to a current price of 円1,254.00 — trading 10.5% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Retail - Cyclical industry median of 5.00. Asahi Co's overall GF Score™ is 72/100 with 4 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 Asahi Co (TSE:3333), the current Piotroski F-Score is 7 as of Jun. 25, 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 Asahi Co (TSE:3333) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Co stock appears to be undervalued. The current stock price of 円1,254.00 is trading 10.5% below its estimated GF Value™ of 円1,400.89. GuruFocus considers Asahi Co to be Modestly Undervalued.

Key valuation signals for TSE:3333:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円1,400.89 vs. price of 円1,254.00 (10.5% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#98 of 1101)

No single metric tells the full story. See the TSE:3333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Co Business Description

Address 3-11-4 Takakura-cho, Miyakojima-ku, Osaka, JPN
Asahi Co Ltd is a Japan based company engages in the sale of bicycles, parts and accessories. It offers a range of bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles.
72GF Score

Get the complete analysis for TSE:3333

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

円1,254.00
Price
円1,400.89
GF Value