Sanyo Chemical Industries (TSE:4471) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 14% Above Median


TSE:4471 Sanyo Chemical Industries Ltd TSE:4471
72 GF Score
Price 円5,000.00
GF Value 円3,371.35
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Sanyo Chemical Industries Piotroski F-Score?

Sanyo Chemical Industries TSE:4471 -0.40% 72 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:4471 with a GF Score™ of 72/100 and a GF Value™ of 円3,371.35 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,567 Chemicals companies, Sanyo Chemical Industries ranks better than 97.51% 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

Sanyo Chemical Industries 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 Sanyo Chemical Industries's Piotroski F-Score or its related term are showing as below:

TSE:4471' 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 Sanyo Chemical Industries was 8. The lowest was 3. And the median was 7.

Sanyo Chemical Industries  (TSE:4471) 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.


Sanyo Chemical Industries Piotroski F-Score Related Terms


Sanyo Chemical Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanyo Chemical Industries'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.

Sanyo Chemical Industries Piotroski F-Score Chart

Sanyo Chemical Industries 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 6.00 5.00 3.00 6.00 8.00

Sanyo Chemical Industries 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 6.00 6.00 6.00 6.00 8.00

TSE:4471 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Sanyo Chemical Industries'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.


Sanyo Chemical Industries Piotroski F-Score vs Chemicals Industry

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

* The bar in red indicates where Sanyo Chemical Industries's Piotroski F-Score falls into.


TSE:4471
72GF Score
Sanyo Chemical Industries Ltd TSE:4471
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 8992 + 1425 + 2390 + 2830 = 円15,637 Mil.
Cash Flow from Operations was 2935 + 6256 + 5868 + 5147 = 円20,206 Mil.
Revenue was 31987 + 31792 + 32821 + 31259 = 円127,859 Mil.
Gross Profit was 7640 + 8158 + 9129 + 8238 = 円33,165 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(176366 + 181206 + 186158 + 193209 + 195526) / 5 = 円186493 Mil.
Total Assets at the begining of this year (Mar25) was 円176,366 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,554 Mil.
Total Current Assets was 円91,395 Mil.
Total Current Liabilities was 円29,762 Mil.
Net Income was 2402 + -1462 + 2700 + 511 = 円4,151 Mil.

Revenue was 39654 + 37376 + 34078 + 31150 = 円142,258 Mil.
Gross Profit was 8272 + 8342 + 8255 + 7184 = 円32,053 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(205818 + 198817 + 187114 + 184295 + 176366) / 5 = 円190482 Mil.
Total Assets at the begining of last year (Mar24) was 円205,818 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,230 Mil.
Total Current Assets was 円84,942 Mil.
Total Current Liabilities was 円30,332 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.

Sanyo Chemical Industries's current Net Income (TTM) was 15,637. ==> 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.

Sanyo Chemical Industries's current Cash Flow from Operations (TTM) was 20,206. ==> 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)
=15637/176366
=0.08866221

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4151/205818
=0.0201683

Sanyo Chemical Industries's return on assets of this year was 0.08866221. Sanyo Chemical Industries's return on assets of last year was 0.0201683. ==> 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.

Sanyo Chemical Industries's current Net Income (TTM) was 15,637. Sanyo Chemical Industries's current Cash Flow from Operations (TTM) was 20,206. ==> 20,206 > 15,637 ==> 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
=1554/186493
=0.00833275

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2230/190482
=0.01170714

Sanyo Chemical Industries's gearing of this year was 0.00833275. Sanyo Chemical Industries's gearing of last year was 0.01170714. ==> 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
=91395/29762
=3.07086217

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=84942/30332
=2.80040881

Sanyo Chemical Industries's current ratio of this year was 3.07086217. Sanyo Chemical Industries's current ratio of last year was 2.80040881. ==> 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.

Sanyo Chemical Industries's number of shares in issue this year was 22.121. Sanyo Chemical Industries's number of shares in issue last year was 22.109. ==> 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
=33165/127859
=0.25938729

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32053/142258
=0.22531598

Sanyo Chemical Industries's gross margin of this year was 0.25938729. Sanyo Chemical Industries's gross margin of last year was 0.22531598. ==> 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)
=127859/176366
=0.724964

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=142258/205818
=0.69118347

Sanyo Chemical Industries's asset turnover of this year was 0.724964. Sanyo Chemical Industries's asset turnover of last year was 0.69118347. ==> 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+0+1+1
=8

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

Sanyo Chemical Industries 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?
Sanyo Chemical Industries (TSE:4471) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanyo Chemical Industries and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Sanyo Chemical Industries' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sanyo Chemical Industries ranks #39 out of 1567 companies in the Chemicals industry, placing it in the top 2.5%.
Is Sanyo Chemical Industries' Piotroski F-Score too high?
Sanyo Chemical Industries' 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. Sanyo Chemical Industries' value of 8 is 60% above this industry median. Based on the distribution chart, Sanyo Chemical Industries ranks #39 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Sanyo Chemical Industries has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanyo Chemical Industries' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sanyo Chemical Industries ranks #39 out of 1567 companies for Piotroski F-Score. This places Sanyo Chemical Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sanyo Chemical Industries' value of 8 is 60% above this benchmark. Historically, Sanyo Chemical Industries' 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, Sanyo Chemical Industries 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. Sanyo Chemical Industries'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 Sanyo Chemical Industries 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. Sanyo Chemical Industries'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 Sanyo Chemical Industries stock overvalued right now?
Based on GuruFocus' analysis, Sanyo Chemical Industries (TSE:4471) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,371.35, compared to a current price of 円5,000.00 — trading 48.3% 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. Sanyo Chemical Industries' overall GF Score™ is 72/100 with 4 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 Sanyo Chemical Industries (TSE:4471), the current Piotroski F-Score is 8 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 Sanyo Chemical Industries (TSE:4471) Overvalued in 2026?

Based on GuruFocus' analysis, Sanyo Chemical Industries stock appears to be overvalued. The current stock price of 円5,000.00 is trading 48.3% above its estimated GF Value™ of 円3,371.35. GuruFocus considers Sanyo Chemical Industries to be Significantly Overvalued.

Key valuation signals for TSE:4471:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円3,371.35 vs. price of 円5,000.00 (48.3% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 60% above the Chemicals median (#39 of 1567)

No single metric tells the full story. See the TSE:4471 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanyo Chemical Industries Business Description

Other Exchanges XSI:Germany
Address 11-1, Ikkyo Nomoto-cho, Higashiyama-ku, Kyoto, JPN, 605-0995
Sanyo Chemical Industries Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes its operations into four primary segments based on product type. The toiletries and health care segment, which generates the most revenue of any segment, sells disposable baby diapers, surfactants used to produce hair care products and detergents, and base materials for cosmetics and pharmaceuticals. The petroleum and automotives segment sells polyurethane used to produce automobile seats and interior components as well as fuel additives. The plastics and textiles and information and electronics segment sells a variety of plastic products for consumers as well as the transportation and electronics industries. The majority of revenue comes from Japan.
72GF Score

Get the complete analysis for TSE:4471

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

円5,000.00
Price
円3,371.35
GF Value