Aitel Co (TSE:444A) Piotroski F-Score: 6 (As of Jul. 01, 2026) — Near Median


TSE:444A Aitel Co Ltd TSE:444A
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What is Aitel Co Piotroski F-Score?

Aitel Co TSE:444A 20 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:444A with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

The zones of discrimination were as such:

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

Aitel Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:444A' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 6
Current: 6

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

Aitel Co  (TSE:444A) 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.


Aitel Co Piotroski F-Score Related Terms


Aitel Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aitel 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.

Aitel Co Piotroski F-Score Chart

Aitel Co Annual Data
Trend Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00

Aitel Co Semi-Annual Data
Dec23 Dec24 Jun25 Dec25
Piotroski F-Score N/A N/A 0.00 6.00

TSE:444A vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, Aitel 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.


Aitel Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aitel Co's Piotroski F-Score distribution charts can be found below:

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


TSE:444A
20GF Score
Aitel Co Ltd TSE:444A
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円85 Mil.
Cash Flow from Operations was 円180 Mil.
Revenue was 円2,442 Mil.
Gross Profit was 円999 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1192.848 + 1299.785) / 2 = 円1246.3165 Mil.
Total Assets at the begining of this year (Dec24) was 円1,193 Mil.
Long-Term Debt & Capital Lease Obligation was 円300 Mil.
Total Current Assets was 円1,116 Mil.
Total Current Liabilities was 円395 Mil.
Net Income was 円2 Mil.

Revenue was 円2,294 Mil.
Gross Profit was 円854 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1089.573 + 1192.848) / 2 = 円1141.2105 Mil.
Total Assets at the begining of last year (Dec23) was 円1,090 Mil.
Long-Term Debt & Capital Lease Obligation was 円300 Mil.
Total Current Assets was 円1,061 Mil.
Total Current Liabilities was 円373 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.

Aitel Co's current Net Income (TTM) was 85. ==> 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.

Aitel Co's current Cash Flow from Operations (TTM) was 180. ==> 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 (Dec24)
=84.971/1192.848
=0.07123372

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1.744/1089.573
=0.00160063

Aitel Co's return on assets of this year was 0.07123372. Aitel Co's return on assets of last year was 0.00160063. ==> 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.

Aitel Co's current Net Income (TTM) was 85. Aitel Co's current Cash Flow from Operations (TTM) was 180. ==> 180 > 85 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=300.272/1246.3165
=0.24092757

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=300.476/1141.2105
=0.26329586

Aitel Co's gearing of this year was 0.24092757. Aitel Co's gearing of last year was 0.26329586. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1115.647/395.31
=2.82220789

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1061.077/372.91
=2.84539701

Aitel Co's current ratio of this year was 2.82220789. Aitel Co's current ratio of last year was 2.84539701. ==> 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.

Aitel Co's number of shares in issue this year was 0.277. Aitel Co's number of shares in issue last year was 0.276. ==> 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
=999.179/2442.365
=0.40910306

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=853.525/2293.73
=0.37211224

Aitel Co's gross margin of this year was 0.40910306. Aitel Co's gross margin of last year was 0.37211224. ==> 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 (Dec24)
=2442.365/1192.848
=2.04750731

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2293.73/1089.573
=2.10516413

Aitel Co's asset turnover of this year was 2.04750731. Aitel Co's asset turnover of last year was 2.10516413. ==> 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+1+1+1+0+0+1+0
=6

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

Aitel Co has an F-score of 6 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 6 mean?
Aitel Co (TSE:444A) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aitel Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Aitel Co's Piotroski F-Score has ranged from 6.00 to 6.00.
Is Aitel Co's Piotroski F-Score too high?
Aitel Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 6.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Aitel Co's value of 6 is 20% above this industry median. Overall, Aitel Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Aitel Co's Piotroski F-Score compare to ORLY and AZO?
Aitel Co's Piotroski F-Score of 6 can be compared against companies in the Vehicles & Parts industry. The industry median Piotroski F-Score is 5.00. Aitel Co's value of 6 is 20% above this benchmark. Historically, Aitel Co's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Aitel 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. Aitel Co's current Piotroski F-Score of 6 is 20% 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 Aitel Co and its competitors. For the Vehicles & Parts 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. Aitel Co's current Piotroski F-Score is 6, which is near 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 Aitel Co stock overvalued right now?
Aitel Co (TSE:444A) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Vehicles & Parts industry median of 5.00. Aitel Co's overall GF Score™ is 20/100 with 1 warning sign 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 Aitel Co (TSE:444A), the current Piotroski F-Score is 6 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.

Aitel Co Business Description

Address 4-3-12 Miyahara, 6th floor, Shin-Osaka Meiko Building, Yodogawa-ku Osaka-shi, Osaka, JPN, 532-0003
Aitel Co Ltd is engaged in the development, sales, and installation of automotive electrical equipment. Its main customers are the imported car dealers and car leasing companies.
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