Asahi KaseiTSE:3407 76 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:3407 with a GF Score™ of 76/100 and a GF Value™ of 円1,184.61 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 555 Conglomerates companies, Asahi Kasei ranks better than 98.2% on this metric.
Good Sign:
Piotroski F-Score is 8, 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 Kasei has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Asahi Kasei's Piotroski F-Score or its related term are showing as below:
TSE:3407'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Asahi Kasei was 9. The lowest was 4. And the median was 7.
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.
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 Kasei Piotroski F-Score Related Terms
Asahi Kasei Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asahi Kasei'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.
TSE:3407 vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, Asahi Kasei'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 Kasei Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Asahi Kasei's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asahi Kasei's Piotroski F-Score falls into.
* 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.
*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 Kasei's current Net Income (TTM) was 158,794.
==> 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.
Asahi Kasei's return on assets of this year was 0.03954808. Asahi Kasei's return on assets of last year was 0.03685693.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asahi Kasei's gearing of this year was 0.21499446. Asahi Kasei's gearing of last year was 0.22680482.
==> 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
Asahi Kasei's current ratio of this year was 2.35185458. Asahi Kasei's current ratio of last year was 1.83437002.
==> 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 Kasei's number of shares in issue this year was 1357.526. Asahi Kasei's number of shares in issue last year was 1378.342.
==> 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.
Asahi Kasei's gross margin of this year was 0.32805021. Asahi Kasei's gross margin of last year was 0.31549607.
==> 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
Asahi Kasei's asset turnover of this year was 0.76571386. Asahi Kasei's asset turnover of last year was 0.82924813.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asahi Kasei has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Asahi Kasei (TSE:3407) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asahi Kasei and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Asahi Kasei's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Asahi Kasei ranks #10 out of 555 companies in the Conglomerates industry, placing it in the top 1.8%.
Is Asahi Kasei's Piotroski F-Score too high?
Asahi Kasei's current Piotroski F-Score of 8 is 14% above 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 Conglomerates industry median Piotroski F-Score is 5.00. Asahi Kasei's value of 8 is 60% above this industry median. Based on the distribution chart, Asahi Kasei ranks #10 out of 555 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Asahi Kasei has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kasei's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Asahi Kasei ranks #10 out of 555 companies for Piotroski F-Score. This places Asahi Kasei in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Asahi Kasei's value of 8 is 60% above this benchmark. Historically, Asahi Kasei'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 Kasei 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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 Kasei's current Piotroski F-Score of 8 is 60% 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 Kasei and its competitors. For the Conglomerates 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 Kasei's current Piotroski F-Score is 8, which is 14% above 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 Kasei stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kasei (TSE:3407) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,184.61, compared to a current price of 円1,794.00 — trading 51.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Conglomerates industry median of 5.00. Asahi Kasei's overall GF Score™ is 76/100 with 8 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 Kasei (TSE:3407), the current Piotroski F-Score is 8 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 Asahi Kasei (TSE:3407) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kasei stock appears to be overvalued.
The current stock price of 円1,794.00 is trading 51.4% above its estimated GF Value™ of 円1,184.61.
GuruFocus considers Asahi Kasei to be Significantly Overvalued.
Key valuation signals for TSE:3407:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: 円1,184.61 vs. price of 円1,794.00 (51.4% above fair value)
Industry Position: 60% above the Conglomerates median (#10 of 555)
No single metric tells the full story. See the TSE:3407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kasei Corp is a Japanese industrial conglomerate mainly engaged in materials, housing, and healthcare businesses. The Health Care segment covers pharmaceuticals, healthcare, and critical care. The Housing segment includes housing and building materials businesses. The Material segment consists of environmental solutions, mobility & industry, AL business, and life innovation, such as digital solutions and comfort life. The Others segment includes plant and environmental engineering, research and information services, as well as staffing and placement businesses. It generates the majority of its revenue from the Material segment.
76GF Score
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