Daito Pharmaceutical Co (TSE:4577) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


TSE:4577 Daito Pharmaceutical Co Ltd TSE:4577
72 GF Score
Price 円1,224.00
GF Value 円1,276.34
Valuation Fairly Valued
! 3 Warning Signs
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What is Daito Pharmaceutical Co Piotroski F-Score?

Daito Pharmaceutical Co TSE:4577 -1.37% 72 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:4577 with a GF Score™ of 72/100 and a GF Value™ of 円1,276.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 978 Drug Manufacturers companies, Daito Pharmaceutical Co ranks better than 61.66% 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

Daito Pharmaceutical Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:4577' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Daito Pharmaceutical Co was 9. The lowest was 2. And the median was 6.

Daito Pharmaceutical Co  (TSE:4577) 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.


Daito Pharmaceutical Co Piotroski F-Score Related Terms


Daito Pharmaceutical Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Daito Pharmaceutical 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.

Daito Pharmaceutical Co Piotroski F-Score Chart

Daito Pharmaceutical Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 3.00 4.00 5.00

Daito Pharmaceutical Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 5.00 0.00 0.00 0.00

TSE:4577 vs ZTS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Daito Pharmaceutical 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.


Daito Pharmaceutical Co Piotroski F-Score vs Drug Manufacturers Industry

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

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


TSE:4577
72GF Score
Daito Pharmaceutical Co Ltd TSE:4577
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 (May25) TTM:Last Year (May24) TTM:
Net Income was 円1,908 Mil.
Cash Flow from Operations was 円5,897 Mil.
Revenue was 円50,643 Mil.
Gross Profit was 円8,637 Mil.
Average Total Assets from the begining of this year (May24)
to the end of this year (May25) was (77708 + 78004) / 2 = 円77856 Mil.
Total Assets at the begining of this year (May24) was 円77,708 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,428 Mil.
Total Current Assets was 円41,708 Mil.
Total Current Liabilities was 円17,049 Mil.
Net Income was 円3,295 Mil.

Revenue was 円46,895 Mil.
Gross Profit was 円9,839 Mil.
Average Total Assets from the begining of last year (May23)
to the end of last year (May24) was (70552 + 77708) / 2 = 円74130 Mil.
Total Assets at the begining of last year (May23) was 円70,552 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,345 Mil.
Total Current Assets was 円41,460 Mil.
Total Current Liabilities was 円18,505 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.

Daito Pharmaceutical Co's current Net Income (TTM) was 1,908. ==> 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.

Daito Pharmaceutical Co's current Cash Flow from Operations (TTM) was 5,897. ==> 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 (May24)
=1908/77708
=0.02455346

ROA (Last Year)=Net Income/Total Assets (May23)
=3295/70552
=0.04670314

Daito Pharmaceutical Co's return on assets of this year was 0.02455346. Daito Pharmaceutical Co's return on assets of last year was 0.04670314. ==> Last year is higher ==> Score 0.

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.

Daito Pharmaceutical Co's current Net Income (TTM) was 1,908. Daito Pharmaceutical Co's current Cash Flow from Operations (TTM) was 5,897. ==> 5,897 > 1,908 ==> 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: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=8428/77856
=0.10825113

Gearing (Last Year: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=6345/74130
=0.08559288

Daito Pharmaceutical Co's gearing of this year was 0.10825113. Daito Pharmaceutical Co's gearing of last year was 0.08559288. ==> 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: May25)=Total Current Assets/Total Current Liabilities
=41708/17049
=2.44636049

Current Ratio (Last Year: May24)=Total Current Assets/Total Current Liabilities
=41460/18505
=2.24047555

Daito Pharmaceutical Co's current ratio of this year was 2.44636049. Daito Pharmaceutical Co's current ratio of last year was 2.24047555. ==> 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.

Daito Pharmaceutical Co's number of shares in issue this year was 30.411. Daito Pharmaceutical Co's number of shares in issue last year was 31.381. ==> 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
=8637/50643
=0.17054677

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9839/46895
=0.20980915

Daito Pharmaceutical Co's gross margin of this year was 0.17054677. Daito Pharmaceutical Co's gross margin of last year was 0.20980915. ==> Last year's gross margin is higher ==> Score 0.

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 (May24)
=50643/77708
=0.65170896

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May23)
=46895/70552
=0.66468704

Daito Pharmaceutical Co's asset turnover of this year was 0.65170896. Daito Pharmaceutical Co's asset turnover of last year was 0.66468704. ==> 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+0+1+0+1+1+0+0
=5

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

Daito Pharmaceutical Co has an F-score of 5 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 5 mean?
Daito Pharmaceutical Co (TSE:4577) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Daito Pharmaceutical Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Daito Pharmaceutical Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Daito Pharmaceutical Co ranks #375 out of 978 companies in the Drug Manufacturers industry, placing it in the top 38.3%.
Is Daito Pharmaceutical Co's Piotroski F-Score too high?
Daito Pharmaceutical Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Daito Pharmaceutical Co's value of 5 is 0% at this industry median. Based on the distribution chart, Daito Pharmaceutical Co ranks #375 out of 978 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Daito Pharmaceutical Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daito Pharmaceutical Co's Piotroski F-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Daito Pharmaceutical Co ranks #375 out of 978 companies for Piotroski F-Score. This puts Daito Pharmaceutical Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Daito Pharmaceutical Co's value of 5 is 0% at this benchmark. Historically, Daito Pharmaceutical Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Daito Pharmaceutical Co has consistently been at 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 978 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. Daito Pharmaceutical Co's current Piotroski F-Score of 5 is 0% at 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 Daito Pharmaceutical 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. Daito Pharmaceutical Co's current Piotroski F-Score is 5, which is 17% below 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 Daito Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Daito Pharmaceutical Co (TSE:4577) is currently considered Fairly Valued. The stock's GF Value™ is 円1,276.34, compared to a current price of 円1,224.00 — trading 4.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Drug Manufacturers industry median of 5.00. Daito Pharmaceutical Co's overall GF Score™ is 72/100 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 Daito Pharmaceutical Co (TSE:4577), the current Piotroski F-Score is 5 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 Daito Pharmaceutical Co (TSE:4577) Overvalued in 2026?

Based on GuruFocus' analysis, Daito Pharmaceutical Co stock appears to be undervalued. The current stock price of 円1,224.00 is trading 4.1% below its estimated GF Value™ of 円1,276.34. GuruFocus considers Daito Pharmaceutical Co to be Fairly Valued.

Key valuation signals for TSE:4577:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円1,276.34 vs. price of 円1,224.00 (4.1% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 0% at the Drug Manufacturers median (#375 of 978)

No single metric tells the full story. See the TSE:4577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daito Pharmaceutical Co Business Description

Address 326 Yokamachi, Toyama, JPN, 939-8567
Daito Pharmaceutical Co Ltd is engaged in the research and development of pharmaceutical products. The company also undertakes contract manufacturing.
72GF Score

Get the complete analysis for TSE:4577

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

円1,224.00
Price
円1,276.34
GF Value