Riken Technos (TSE:4220) Piotroski F-Score: 8 (As of Jul. 01, 2026) — 14% Above Median


TSE:4220 Riken Technos Corp TSE:4220
89 GF Score
Price 円1,685.00
GF Value 円1,345.37
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Riken Technos Piotroski F-Score?

Riken Technos TSE:4220 -1.12% 89 Piotroski F-Score is 8 as of Jul. 01, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:4220 with a GF Score™ of 89/100 and a GF Value™ of 円1,345.37 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,564 Chemicals companies, Riken Technos ranks better than 97.31% 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

Riken Technos 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 Riken Technos's Piotroski F-Score or its related term are showing as below:

TSE:4220' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Riken Technos was 8. The lowest was 5. And the median was 7.

Riken Technos  (TSE:4220) 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.


Riken Technos Piotroski F-Score Related Terms


Riken Technos Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Riken Technos'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.

Riken Technos Piotroski F-Score Chart

Riken Technos 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 7.00 7.00 8.00

Riken Technos Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 7.00 0.00 0.00 0.00 8.00

TSE:4220 vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Riken Technos'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.


Riken Technos Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Riken Technos's Piotroski F-Score distribution charts can be found below:

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


TSE:4220
89GF Score
Riken Technos Corp TSE:4220
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7,570 Mil.
Cash Flow from Operations was 円13,400 Mil.
Revenue was 円131,377 Mil.
Gross Profit was 円25,611 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (116469.358 + 119103.818) / 2 = 円117786.588 Mil.
Total Assets at the begining of this year (Mar25) was 円116,469 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,219 Mil.
Total Current Assets was 円74,258 Mil.
Total Current Liabilities was 円32,485 Mil.
Net Income was 円7,371 Mil.

Revenue was 円128,141 Mil.
Gross Profit was 円24,321 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (115650.757 + 116469.358) / 2 = 円116060.0575 Mil.
Total Assets at the begining of last year (Mar24) was 円115,651 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,254 Mil.
Total Current Assets was 円74,323 Mil.
Total Current Liabilities was 円34,958 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.

Riken Technos's current Net Income (TTM) was 7,570. ==> 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.

Riken Technos's current Cash Flow from Operations (TTM) was 13,400. ==> 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)
=7569.553/116469.358
=0.0649918

ROA (Last Year)=Net Income/Total Assets (Mar24)
=7370.551/115650.757
=0.06373111

Riken Technos's return on assets of this year was 0.0649918. Riken Technos's return on assets of last year was 0.06373111. ==> This year is higher. ==> Score 1.

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.

Riken Technos's current Net Income (TTM) was 7,570. Riken Technos's current Cash Flow from Operations (TTM) was 13,400. ==> 13,400 > 7,570 ==> 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
=3218.897/117786.588
=0.02732821

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2253.505/116060.0575
=0.01941671

Riken Technos's gearing of this year was 0.02732821. Riken Technos's gearing of last year was 0.01941671. ==> 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
=74257.66/32485.175
=2.2858938

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=74322.947/34958.052
=2.12606089

Riken Technos's current ratio of this year was 2.2858938. Riken Technos's current ratio of last year was 2.12606089. ==> 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.

Riken Technos's number of shares in issue this year was 47.589. Riken Technos's number of shares in issue last year was 53.539. ==> 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
=25611.082/131377.381
=0.19494286

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24321.478/128141.144
=0.18980225

Riken Technos's gross margin of this year was 0.19494286. Riken Technos's gross margin of last year was 0.18980225. ==> 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)
=131377.381/116469.358
=1.12799953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=128141.144/115650.757
=1.10800091

Riken Technos's asset turnover of this year was 1.12799953. Riken Technos's asset turnover of last year was 1.10800091. ==> 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+1+1+0+1+1+1+1
=8

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

Riken Technos has an F-score of 8. 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 8 mean?
Riken Technos (TSE:4220) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Riken Technos and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Riken Technos' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Riken Technos ranks #42 out of 1564 companies in the Chemicals industry, placing it in the top 2.7%.
Is Riken Technos' Piotroski F-Score too high?
Riken Technos' 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 5.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Riken Technos' value of 8 is 60% above this industry median. Based on the distribution chart, Riken Technos ranks #42 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Riken Technos has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riken Technos' Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Riken Technos ranks #42 out of 1564 companies for Piotroski F-Score. This places Riken Technos in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Riken Technos' value of 8 is 60% above this benchmark. Historically, Riken Technos' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Riken Technos 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. Riken Technos'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 Riken Technos and its competitors. For the Chemicals 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. Riken Technos'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 Riken Technos stock overvalued right now?
Based on GuruFocus' analysis, Riken Technos (TSE:4220) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,345.37, compared to a current price of 円1,685.00 — trading 25.2% 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 Chemicals industry median of 5.00. Riken Technos' overall GF Score™ is 89/100 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 Riken Technos (TSE:4220), the current Piotroski F-Score is 8 as of Jul. 01, 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 Riken Technos (TSE:4220) Overvalued in 2026?

Based on GuruFocus' analysis, Riken Technos stock appears to be overvalued. The current stock price of 円1,685.00 is trading 25.2% above its estimated GF Value™ of 円1,345.37. GuruFocus considers Riken Technos to be Modestly Overvalued.

Key valuation signals for TSE:4220:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円1,345.37 vs. price of 円1,685.00 (25.2% above fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 60% above the Chemicals median (#42 of 1564)

No single metric tells the full story. See the TSE:4220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Riken Technos Business Description

Address 2-101, Kanda-Awajicho, Waterras Tower, Chiyoda-ku, Tokyo, JPN, 101-8336
Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.
89GF Score

Get the complete analysis for TSE:4220

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

円1,685.00
Price
円1,345.37
GF Value