Moriroku Co (TSE:4249) Piotroski F-Score: 9 (As of Jun. 27, 2026) — 29% Above Median


TSE:4249 Moriroku Co Ltd TSE:4249
69 GF Score
Price 円2,340.00
GF Value 円2,323.05
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Moriroku Co Piotroski F-Score?

Moriroku Co TSE:4249 -0.13% 69 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:4249 with a GF Score™ of 69/100 and a GF Value™ of 円2,323.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,567 Chemicals companies, Moriroku Co ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Moriroku Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Moriroku Co's Piotroski F-Score or its related term are showing as below:

TSE:4249' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 9

During the past 11 years, the highest Piotroski F-Score of Moriroku Co was 9. The lowest was 4. And the median was 7.

Moriroku Co  (TSE:4249) 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.


Moriroku Co Piotroski F-Score Related Terms


Moriroku Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Moriroku 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.

Moriroku Co Piotroski F-Score Chart

Moriroku Co 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 7.00 7.00 8.00 4.00 9.00

Moriroku Co 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 4.00 0.00 0.00 0.00 9.00

TSE:4249 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Moriroku 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.


Moriroku Co Piotroski F-Score vs Chemicals Industry

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

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


TSE:4249
69GF Score
Moriroku Co Ltd TSE:4249
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2,447 Mil.
Cash Flow from Operations was 円7,721 Mil.
Revenue was 円133,871 Mil.
Gross Profit was 円24,188 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (124634 + 123733) / 2 = 円124183.5 Mil.
Total Assets at the begining of this year (Mar25) was 円124,634 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,581 Mil.
Total Current Assets was 円72,178 Mil.
Total Current Liabilities was 円49,289 Mil.
Net Income was 円-7,814 Mil.

Revenue was 円146,174 Mil.
Gross Profit was 円23,604 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (140556 + 124634) / 2 = 円132595 Mil.
Total Assets at the begining of last year (Mar24) was 円140,556 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,015 Mil.
Total Current Assets was 円72,793 Mil.
Total Current Liabilities was 円52,805 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.

Moriroku Co's current Net Income (TTM) was 2,447. ==> 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.

Moriroku Co's current Cash Flow from Operations (TTM) was 7,721. ==> 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)
=2447/124634
=0.01963349

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-7814/140556
=-0.0555935

Moriroku Co's return on assets of this year was 0.01963349. Moriroku Co's return on assets of last year was -0.0555935. ==> 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.

Moriroku Co's current Net Income (TTM) was 2,447. Moriroku Co's current Cash Flow from Operations (TTM) was 7,721. ==> 7,721 > 2,447 ==> 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
=3581/124183.5
=0.02883636

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4015/132595
=0.03028018

Moriroku Co's gearing of this year was 0.02883636. Moriroku Co's gearing of last year was 0.03028018. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=72178/49289
=1.46438353

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=72793/52805
=1.37852476

Moriroku Co's current ratio of this year was 1.46438353. Moriroku Co's current ratio of last year was 1.37852476. ==> 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.

Moriroku Co's number of shares in issue this year was 14.328. Moriroku Co's number of shares in issue last year was 14.678. ==> 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
=24188/133871
=0.1806814

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23604/146174
=0.16147879

Moriroku Co's gross margin of this year was 0.1806814. Moriroku Co's gross margin of last year was 0.16147879. ==> 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)
=133871/124634
=1.074113

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=146174/140556
=1.03996983

Moriroku Co's asset turnover of this year was 1.074113. Moriroku Co's asset turnover of last year was 1.03996983. ==> 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+1+1+1+1+1
=9

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

Moriroku Co has an F-score of 9. 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 9 mean?
Moriroku Co (TSE:4249) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Moriroku Co and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Moriroku Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Moriroku Co ranks #1 out of 1567 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Moriroku Co's Piotroski F-Score too high?
Moriroku Co's current Piotroski F-Score of 9 is 29% 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 Chemicals industry median Piotroski F-Score is 5.00. Moriroku Co's value of 9 is 80% above this industry median. Based on the distribution chart, Moriroku Co ranks #1 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Moriroku Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Moriroku Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Moriroku Co ranks #1 out of 1567 companies for Piotroski F-Score. This places Moriroku Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Moriroku Co's value of 9 is 80% above this benchmark. Historically, Moriroku 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, Moriroku 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Moriroku Co's current Piotroski F-Score of 9 is 80% 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 Moriroku Co 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. Moriroku Co's current Piotroski F-Score is 9, which is 29% 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 Moriroku Co stock overvalued right now?
Based on GuruFocus' analysis, Moriroku Co (TSE:4249) is currently considered Fairly Valued. The stock's GF Value™ is 円2,323.05, compared to a current price of 円2,340.00 — trading 0.7% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Chemicals industry median of 5.00. Moriroku Co's overall GF Score™ is 69/100 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 Moriroku Co (TSE:4249), the current Piotroski F-Score is 9 as of Jun. 27, 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 Moriroku Co (TSE:4249) Overvalued in 2026?

Based on GuruFocus' analysis, Moriroku Co stock appears to be overvalued. The current stock price of 円2,340.00 is trading 0.7% above its estimated GF Value™ of 円2,323.05. GuruFocus considers Moriroku Co to be Fairly Valued.

Key valuation signals for TSE:4249:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円2,323.05 vs. price of 円2,340.00 (0.7% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 80% above the Chemicals median (#1 of 1567)

No single metric tells the full story. See the TSE:4249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moriroku Co Business Description

Address Higashi-kan, 18th Floor, Shin-Aoyama Building 1-1-1, Minami-Aoyama, Minato-ku, Tokyo, JPN, 107-0062
Moriroku Co Ltd is a chemical company. Thecompany is engaged in trading of fertilizers, synthetic resins, paints, and pharmaceuticals.
69GF Score

Get the complete analysis for TSE:4249

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

円2,340.00
Price
円2,323.05
GF Value