Fuso Chemical CoTSE:4368 -3.63%84 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:4368 with a GF Score™ of 84/100 and a GF Value™ of 円1,740.32 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,563 Chemicals companies, Fuso Chemical Co ranks better than 97.38% 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
Fuso Chemical Co 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 Fuso Chemical Co's Piotroski F-Score or its related term are showing as below:
TSE:4368'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Fuso Chemical Co was 8. The lowest was 3. And the median was 7.
Fuso Chemical Co (TSE:4368) 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.
Fuso Chemical Co Piotroski F-Score Related Terms
Fuso Chemical Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Fuso Chemical 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.
For the Chemicals subindustry, Fuso Chemical 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.
Fuso Chemical Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Fuso Chemical Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fuso Chemical 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 3105.177 + 3774.747 + 3809.256 + 3622.402 = 円14,312 Mil. Cash Flow from Operations was 4260.917 + 7337.931 + 3578.133 + 9616.544 = 円24,794 Mil. Revenue was 18658.089 + 19047.799 + 20223.08 + 18997.055 = 円76,926 Mil. Gross Profit was 7213.909 + 7617.964 + 7488.059 + 6997.454 = 円29,317 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(141502.071 + 137154.249 + 144449.873 + 149422.695 + 152256.278) / 5 = 円144957.0332 Mil. Total Assets at the begining of this year (Mar25) was 円141,502 Mil. Long-Term Debt & Capital Lease Obligation was 円12,900 Mil. Total Current Assets was 円78,476 Mil. Total Current Liabilities was 円19,844 Mil.
Net Income was 2884.562 + 2723.751 + 3561.416 + 2453.056 = 円11,623 Mil.
Revenue was 17431.688 + 17324.665 + 17664.282 + 17080.892 = 円69,502 Mil. Gross Profit was 6242.79 + 6672.751 + 7061.495 + 5994.118 = 円25,971 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(133740.183 + 136171.723 + 134893.985 + 135224.342 + 141502.071) / 5 = 円136306.4608 Mil. Total Assets at the begining of last year (Mar24) was 円133,740 Mil. Long-Term Debt & Capital Lease Obligation was 円16,900 Mil. Total Current Assets was 円67,052 Mil. Total Current Liabilities was 円18,490 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.
Fuso Chemical Co's current Net Income (TTM) was 14,312.
==> 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.
Fuso Chemical Co's return on assets of this year was 0.10114044. Fuso Chemical Co's return on assets of last year was 0.08690571.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fuso Chemical Co's gearing of this year was 0.08899189. Fuso Chemical Co's gearing of last year was 0.12398532.
==> 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
Fuso Chemical Co's current ratio of this year was 3.954623. Fuso Chemical Co's current ratio of last year was 3.62649404.
==> 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.
Fuso Chemical Co's number of shares in issue this year was 105.787. Fuso Chemical Co's number of shares in issue last year was 105.763.
==> 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.
Fuso Chemical Co's gross margin of this year was 0.38111142. Fuso Chemical Co's gross margin of last year was 0.37367746.
==> 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
Fuso Chemical Co's asset turnover of this year was 0.54363885. Fuso Chemical Co's asset turnover of last year was 0.51967573.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fuso Chemical Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Fuso Chemical Co (TSE:4368) 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 Fuso Chemical Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Fuso Chemical Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Fuso Chemical Co ranks #41 out of 1563 companies in the Chemicals industry, placing it in the top 2.6%.
Is Fuso Chemical Co's Piotroski F-Score too high?
Fuso Chemical Co'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 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Fuso Chemical Co's value of 8 is 60% above this industry median. Based on the distribution chart, Fuso Chemical Co ranks #41 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Fuso Chemical Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuso Chemical Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Fuso Chemical Co ranks #41 out of 1563 companies for Piotroski F-Score. This places Fuso Chemical Co in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fuso Chemical Co's value of 8 is 60% above this benchmark. Historically, Fuso Chemical Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Fuso Chemical 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 1,563 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. Fuso Chemical Co'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 Fuso Chemical 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. Fuso Chemical Co'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 Fuso Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Fuso Chemical Co (TSE:4368) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,740.32, compared to a current price of 円4,640.00 — trading 166.6% 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. Fuso Chemical Co's overall GF Score™ is 84/100 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 Fuso Chemical Co (TSE:4368), 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 Fuso Chemical Co (TSE:4368) Overvalued in 2026?
Based on GuruFocus' analysis, Fuso Chemical Co stock appears to be overvalued.
The current stock price of 円4,640.00 is trading 166.6% above its estimated GF Value™ of 円1,740.32.
GuruFocus considers Fuso Chemical Co to be Significantly Overvalued.
Key valuation signals for TSE:4368:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: 円1,740.32 vs. price of 円4,640.00 (166.6% above fair value)
Industry Position: 60% above the Chemicals median (#41 of 1563)
No single metric tells the full story. See the TSE:4368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuso Chemical Co Ltd is a Japan-based company which is mainly engaged in the life science business and the electronic material and functional chemical business. It is involved in the manufacturing and selling of fruit acids, including apple acids, gluconic acid and citric acids, as well as application development products. It also provides electronic materials, including high-purity spherical silica; functional chemicals, including plastic, paint additives and resin additives, as well as fine chemicals.
84GF Score
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