Morishita Jintan Co (TSE:4524) Piotroski F-Score: 6 (As of Jul. 15, 2026) — Near Median

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TSE:4524 Morishita Jintan Co Ltd TSE:4524
66 GF Score
Price 円2,171.00
GF Value 円2,222.64
Valuation Fairly Valued
! 5 Warning Signs
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What is Morishita Jintan Co Piotroski F-Score?

Morishita Jintan Co TSE:4524 66 Piotroski F-Score is 6 as of Jul. 15, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:4524 with a GF Score™ of 66/100 and a GF Value™ of 円2,222.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 979 Drug Manufacturers companies, Morishita Jintan Co ranks better than 78.75% 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

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

TSE:4524' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Morishita Jintan Co was 8. The lowest was 4. And the median was 6.

Morishita Jintan Co  (TSE:4524) 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.


Morishita Jintan Co Piotroski F-Score Related Terms


Morishita Jintan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Morishita Jintan 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.

Morishita Jintan Co Piotroski F-Score Chart

Morishita Jintan 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 6.00 5.00 4.00 6.00

Morishita Jintan Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.00 0.00 4.00 0.00 6.00

TSE:4524 vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Morishita Jintan 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.


Morishita Jintan Co Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Morishita Jintan Co's Piotroski F-Score distribution charts can be found below:

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


TSE:4524
66GF Score
Morishita Jintan Co Ltd TSE:4524
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628 Mil.
Cash Flow from Operations was 円1,150 Mil.
Revenue was 円12,688 Mil.
Gross Profit was 円6,094 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (17896 + 18623) / 2 = 円18259.5 Mil.
Total Assets at the begining of this year (Mar25) was 円17,896 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,405 Mil.
Total Current Assets was 円7,773 Mil.
Total Current Liabilities was 円2,577 Mil.
Net Income was 円547 Mil.

Revenue was 円12,766 Mil.
Gross Profit was 円5,973 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (17183 + 17896) / 2 = 円17539.5 Mil.
Total Assets at the begining of last year (Mar24) was 円17,183 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,298 Mil.
Total Current Assets was 円8,187 Mil.
Total Current Liabilities was 円2,836 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.

Morishita Jintan Co's current Net Income (TTM) was 628. ==> 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.

Morishita Jintan Co's current Cash Flow from Operations (TTM) was 1,150. ==> 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)
=628/17896
=0.03509164

ROA (Last Year)=Net Income/Total Assets (Mar24)
=547/17183
=0.03183379

Morishita Jintan Co's return on assets of this year was 0.03509164. Morishita Jintan Co's return on assets of last year was 0.03183379. ==> 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.

Morishita Jintan Co's current Net Income (TTM) was 628. Morishita Jintan Co's current Cash Flow from Operations (TTM) was 1,150. ==> 1,150 > 628 ==> 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
=1405/18259.5
=0.07694625

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1298/17539.5
=0.07400439

Morishita Jintan Co's gearing of this year was 0.07694625. Morishita Jintan Co's gearing of last year was 0.07400439. ==> Last year is lower than this year ==> Score 0.

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
=7773/2577
=3.01629802

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8187/2836
=2.88681241

Morishita Jintan Co's current ratio of this year was 3.01629802. Morishita Jintan Co's current ratio of last year was 2.88681241. ==> 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.

Morishita Jintan Co's number of shares in issue this year was 4.096. Morishita Jintan Co's number of shares in issue last year was 4.089. ==> 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
=6094/12688
=0.48029634

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5973/12766
=0.46788344

Morishita Jintan Co's gross margin of this year was 0.48029634. Morishita Jintan Co's gross margin of last year was 0.46788344. ==> 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)
=12688/17896
=0.70898525

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12766/17183
=0.74294361

Morishita Jintan Co's asset turnover of this year was 0.70898525. Morishita Jintan Co's asset turnover of last year was 0.74294361. ==> 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+0+1+0+1+0
=6

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

Morishita Jintan 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?
Morishita Jintan Co (TSE:4524) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Morishita Jintan Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Morishita Jintan Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Morishita Jintan Co ranks #208 out of 979 companies in the Drug Manufacturers industry, placing it in the top 21.2%.
Is Morishita Jintan Co's Piotroski F-Score too high?
Morishita Jintan 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 4.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Morishita Jintan Co's value of 6 is 20% above this industry median. Based on the distribution chart, Morishita Jintan Co ranks #208 out of 979 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Morishita Jintan Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Morishita Jintan Co's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Morishita Jintan Co ranks #208 out of 979 companies for Piotroski F-Score. This places Morishita Jintan Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Morishita Jintan Co's value of 6 is 20% above this benchmark. Historically, Morishita Jintan Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Morishita Jintan 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 979 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. Morishita Jintan 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 Morishita Jintan Co and its competitors. For the Drug Manufacturers 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. Morishita Jintan 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 Morishita Jintan Co stock overvalued right now?
Based on GuruFocus' analysis, Morishita Jintan Co (TSE:4524) is currently considered Fairly Valued. The stock's GF Value™ is 円2,222.64, compared to a current price of 円2,171.00 — trading 2.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Drug Manufacturers industry median of 5.00. Morishita Jintan Co's overall GF Score™ is 66/100 with 5 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 Morishita Jintan Co (TSE:4524), the current Piotroski F-Score is 6 as of Jul. 15, 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 Morishita Jintan Co (TSE:4524) Overvalued in 2026?

Based on GuruFocus' analysis, Morishita Jintan Co stock appears to be undervalued. The current stock price of 円2,171.00 is trading 2.3% below its estimated GF Value™ of 円2,222.64. GuruFocus considers Morishita Jintan Co to be Fairly Valued.

Key valuation signals for TSE:4524:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円2,222.64 vs. price of 円2,171.00 (2.3% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 20% above the Drug Manufacturers median (#208 of 979)

No single metric tells the full story. See the TSE:4524 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morishita Jintan Co Business Description

Address 1-2-40, Tamatsukuri, Chuo-Ku, Osaka-shi, Osaka, JPN, 540-8566
Morishita Jintan Co Ltd is engaged in the manufacturing and sale of pharmaceuticals, quasi-drugs, health foods, medical devices, and food. The company's product offerings include dietary supplements, food drinks, cosmetics, products for medical institutions, functional foods, and others.
66GF Score

Get the complete analysis for TSE:4524

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

円2,171.00
Price
円2,222.64
GF Value