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Asahi Printing CoTSE:3951 -0.91%66 Piotroski F-Score is 5 as of Jul. 19, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:3951 with a GF Score™ of 66/100 and a GF Value™ of 円978.66 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 389 Packaging & Containers companies, Asahi Printing Co ranks better than 53.98% 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
Asahi Printing 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 Asahi Printing Co's Piotroski F-Score or its related term are showing as below:
TSE:3951'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Asahi Printing Co was 7. The lowest was 4. And the median was 6.
Asahi Printing Co (TSE:3951) 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.
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 Printing Co Piotroski F-Score Related Terms
Asahi Printing Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asahi Printing 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.
TSE:3951 vs SW, PKG, IP: Piotroski F-Score Comparison
For the Packaging & Containers subindustry, Asahi Printing 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 Printing Co Piotroski F-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Asahi Printing Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asahi Printing Co'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 Printing Co's current Net Income (TTM) was 1,592.
==> 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 Printing Co's return on assets of this year was 0.02259374. Asahi Printing Co's return on assets of last year was 0.02480404.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asahi Printing Co's gearing of this year was 0.22498335. Asahi Printing Co's gearing of last year was 0.25321842.
==> 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 Printing Co's current ratio of this year was 1.84634283. Asahi Printing Co's current ratio of last year was 2.05132117.
==> 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.
Asahi Printing Co's number of shares in issue this year was 21.014. Asahi Printing Co's number of shares in issue last year was 21.239.
==> 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 Printing Co's gross margin of this year was 0.21800099. Asahi Printing Co's gross margin of last year was 0.22512231.
==> 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
Asahi Printing Co's asset turnover of this year was 0.63356135. Asahi Printing Co's asset turnover of last year was 0.63967922.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asahi Printing Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Asahi Printing Co (TSE:3951) has a Piotroski F-Score of 5 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asahi Printing Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Asahi Printing Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Asahi Printing Co ranks #179 out of 389 companies in the Packaging & Containers industry, placing it in the top 46%.
Is Asahi Printing Co's Piotroski F-Score too high?
Asahi Printing 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 4.00 to a high of 7.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Asahi Printing Co's value of 5 is 0% at this industry median. Based on the distribution chart, Asahi Printing Co ranks #179 out of 389 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Asahi Printing Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Printing Co's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Asahi Printing Co ranks #179 out of 389 companies for Piotroski F-Score. This puts Asahi Printing Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Asahi Printing Co's value of 5 is 0% at this benchmark. Historically, Asahi Printing Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Asahi Printing 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 389 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 Printing 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 Asahi Printing Co and its competitors. For the Packaging & Containers 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 Printing 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 Asahi Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Asahi Printing Co (TSE:3951) is currently considered Modestly Undervalued. The stock's GF Value™ is 円978.66, compared to a current price of 円867.00 — trading 11.4% below 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 Packaging & Containers industry median of 5.00. Asahi Printing Co's overall GF Score™ is 66/100 with 3 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 Printing Co (TSE:3951), the current Piotroski F-Score is 5 as of Jul. 19, 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 Printing Co (TSE:3951) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Printing Co stock appears to be undervalued.
The current stock price of 円867.00 is trading 11.4% below its estimated GF Value™ of 円978.66.
GuruFocus considers Asahi Printing Co to be Modestly Undervalued.
Key valuation signals for TSE:3951:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: 円978.66 vs. price of 円867.00 (11.4% below fair value)
Industry Position: 0% at the Packaging & Containers median (#179 of 389)
No single metric tells the full story. See the TSE:3951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Printing Co Ltd is engaged in the manufacture and sale of printing and packaging materials. In addition, the company also engages in the temporary staffing business. The company operates in three segments, which include the Printing and packaging business, the Packaging Systems Sales Business, and Others.
66GF Score
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