Miraial Co (TSE:4238) Piotroski F-Score: 5 (As of Jul. 14, 2026) — 17% Below Median

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TSE:4238 Miraial Co Ltd TSE:4238
68 GF Score
Price 円1,810.00
GF Value 円1,285.91
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Miraial Co Piotroski F-Score?

Miraial Co TSE:4238 -0.66% 68 Piotroski F-Score is 5 as of Jul. 14, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:4238 with a GF Score™ of 68/100 and a GF Value™ of 円1,285.91 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 990 Semiconductors companies, Miraial Co ranks better than 61.01% 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

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

TSE:4238' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Miraial Co was 7. The lowest was 3. And the median was 6.

Miraial Co  (TSE:4238) 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.


Miraial Co Piotroski F-Score Related Terms


Miraial Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Miraial 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.

Miraial Co Piotroski F-Score Chart

Miraial Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 3.00 6.00 5.00

Miraial Co Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 5.00 0.00

TSE:4238 vs AMAT, LRCX, KLAC: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Miraial 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.


Miraial Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Miraial Co's Piotroski F-Score distribution charts can be found below:

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


TSE:4238
68GF Score
Miraial Co Ltd TSE:4238
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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was 円606 Mil.
Cash Flow from Operations was 円1,074 Mil.
Revenue was 円12,572 Mil.
Gross Profit was 円2,358 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was (28522.613 + 26829.299) / 2 = 円27675.956 Mil.
Total Assets at the begining of this year (Jan25) was 円28,523 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円10,604 Mil.
Total Current Liabilities was 円3,297 Mil.
Net Income was 円1,058 Mil.

Revenue was 円14,003 Mil.
Gross Profit was 円3,167 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was (26531.597 + 28522.613) / 2 = 円27527.105 Mil.
Total Assets at the begining of last year (Jan24) was 円26,532 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円12,930 Mil.
Total Current Liabilities was 円5,492 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.

Miraial Co's current Net Income (TTM) was 606. ==> 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.

Miraial Co's current Cash Flow from Operations (TTM) was 1,074. ==> 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 (Jan25)
=606.384/28522.613
=0.02125976

ROA (Last Year)=Net Income/Total Assets (Jan24)
=1058.189/26531.597
=0.0398841

Miraial Co's return on assets of this year was 0.02125976. Miraial Co's return on assets of last year was 0.0398841. ==> 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.

Miraial Co's current Net Income (TTM) was 606. Miraial Co's current Cash Flow from Operations (TTM) was 1,074. ==> 1,074 > 606 ==> 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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=0/27675.956
=0

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0/27527.105
=0

Miraial Co's gearing of this year was 0. Miraial 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: Jan26)=Total Current Assets/Total Current Liabilities
=10603.696/3296.501
=3.21665184

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=12929.673/5492.124
=2.35422088

Miraial Co's current ratio of this year was 3.21665184. Miraial Co's current ratio of last year was 2.35422088. ==> 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.

Miraial Co's number of shares in issue this year was 9.036. Miraial Co's number of shares in issue last year was 9.021. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=2357.747/12572.137
=0.18753749

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3167.27/14003.488
=0.22617722

Miraial Co's gross margin of this year was 0.18753749. Miraial Co's gross margin of last year was 0.22617722. ==> 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 (Jan25)
=12572.137/28522.613
=0.44077788

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=14003.488/26531.597
=0.52780419

Miraial Co's asset turnover of this year was 0.44077788. Miraial Co's asset turnover of last year was 0.52780419. ==> 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+0+0+0
=5

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

Miraial 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?
Miraial Co (TSE:4238) has a Piotroski F-Score of 5 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Miraial Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Miraial Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Miraial Co ranks #386 out of 990 companies in the Semiconductors industry, placing it in the top 39%.
Is Miraial Co's Piotroski F-Score too high?
Miraial 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 3.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Miraial Co's value of 5 is 0% at this industry median. Based on the distribution chart, Miraial Co ranks #386 out of 990 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Miraial Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Miraial Co's Piotroski F-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Miraial Co ranks #386 out of 990 companies for Piotroski F-Score. This puts Miraial Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Miraial Co's value of 5 is 0% at this benchmark. Historically, Miraial Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Miraial 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 990 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. Miraial 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 Miraial Co and its competitors. For the Semiconductors 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. Miraial 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 Miraial Co stock overvalued right now?
Based on GuruFocus' analysis, Miraial Co (TSE:4238) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,285.91, compared to a current price of 円1,810.00 — trading 40.8% above 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 Semiconductors industry median of 5.00. Miraial Co's overall GF Score™ is 68/100 with 7 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 Miraial Co (TSE:4238), the current Piotroski F-Score is 5 as of Jul. 14, 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 Miraial Co (TSE:4238) Overvalued in 2026?

Based on GuruFocus' analysis, Miraial Co stock appears to be overvalued. The current stock price of 円1,810.00 is trading 40.8% above its estimated GF Value™ of 円1,285.91. GuruFocus considers Miraial Co to be Significantly Overvalued.

Key valuation signals for TSE:4238:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円1,285.91 vs. price of 円1,810.00 (40.8% above fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 0% at the Semiconductors median (#386 of 990)

No single metric tells the full story. See the TSE:4238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Miraial Co Business Description

Address 1-24-1 Higashi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021
Miraial Co Ltd is a Japanese company engaged in the production and sale of products that are indispensable to the electronics materials and semiconductor industries. The company operates in two segments namely- Plastic molding business and Molding Machine Business. Miraial develops products mainly for the semiconductor industry based on the precision molding and processing technology for high-function plastics. Its products include Front Opening Unified Pod (FOUP), cassettes, boxes, shipping containers, handles, among others.
68GF Score

Get the complete analysis for TSE:4238

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

円1,810.00
Price
円1,285.91
GF Value