Aisan Technology Co (TSE:4667) Piotroski F-Score: 7 (As of Jul. 27, 2026) — 17% Above Median

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TSE:4667 Aisan Technology Co Ltd TSE:4667
80 GF Score
Price 円1,919.00
GF Value 円2,349.06
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Aisan Technology Co Piotroski F-Score?

Aisan Technology Co TSE:4667 +2.57% 80 Piotroski F-Score is 7 as of Jul. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:4667 with a GF Score™ of 80/100 and a GF Value™ of 円2,349.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,740 Software companies, Aisan Technology Co ranks better than 91.79% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Aisan Technology Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:4667' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Aisan Technology Co was 7. The lowest was 3. And the median was 6.

Aisan Technology Co  (TSE:4667) 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.


Aisan Technology Co Piotroski F-Score Related Terms


Aisan Technology Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aisan Technology 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.

Aisan Technology Co Piotroski F-Score Chart

Aisan Technology 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 7.00 3.00 5.00 7.00

Aisan Technology Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 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 0.00 5.00 0.00 0.00 7.00

TSE:4667 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Aisan Technology 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.


Aisan Technology Co Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Aisan Technology Co's Piotroski F-Score distribution charts can be found below:

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


TSE:4667
80GF Score
Aisan Technology Co Ltd TSE:4667
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522 Mil.
Cash Flow from Operations was 円865 Mil.
Revenue was 円7,593 Mil.
Gross Profit was 円2,938 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (8671.633 + 10555.967) / 2 = 円9613.8 Mil.
Total Assets at the begining of this year (Mar25) was 円8,672 Mil.
Long-Term Debt & Capital Lease Obligation was 円285 Mil.
Total Current Assets was 円8,409 Mil.
Total Current Liabilities was 円3,198 Mil.
Net Income was 円286 Mil.

Revenue was 円6,221 Mil.
Gross Profit was 円2,328 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (8597.242 + 8671.633) / 2 = 円8634.4375 Mil.
Total Assets at the begining of last year (Mar24) was 円8,597 Mil.
Long-Term Debt & Capital Lease Obligation was 円176 Mil.
Total Current Assets was 円6,434 Mil.
Total Current Liabilities was 円1,825 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.

Aisan Technology Co's current Net Income (TTM) was 522. ==> 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.

Aisan Technology Co's current Cash Flow from Operations (TTM) was 865. ==> 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)
=522.016/8671.633
=0.06019812

ROA (Last Year)=Net Income/Total Assets (Mar24)
=286.207/8597.242
=0.03329056

Aisan Technology Co's return on assets of this year was 0.06019812. Aisan Technology Co's return on assets of last year was 0.03329056. ==> 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.

Aisan Technology Co's current Net Income (TTM) was 522. Aisan Technology Co's current Cash Flow from Operations (TTM) was 865. ==> 865 > 522 ==> 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
=285.385/9613.8
=0.02968493

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=175.659/8634.4375
=0.020344

Aisan Technology Co's gearing of this year was 0.02968493. Aisan Technology Co's gearing of last year was 0.020344. ==> 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
=8409.356/3197.702
=2.62981228

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6433.644/1825.144
=3.52500625

Aisan Technology Co's current ratio of this year was 2.62981228. Aisan Technology Co's current ratio of last year was 3.52500625. ==> 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.

Aisan Technology Co's number of shares in issue this year was 5.275. Aisan Technology Co's number of shares in issue last year was 5.393. ==> 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
=2937.745/7593.146
=0.38689431

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2328.313/6220.625
=0.37428924

Aisan Technology Co's gross margin of this year was 0.38689431. Aisan Technology Co's gross margin of last year was 0.37428924. ==> 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)
=7593.146/8671.633
=0.87563046

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6220.625/8597.242
=0.72356053

Aisan Technology Co's asset turnover of this year was 0.87563046. Aisan Technology Co's asset turnover of last year was 0.72356053. ==> 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+0+0+1+1+1
=7

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

Aisan Technology Co has an F-score of 7. 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 7 mean?
Aisan Technology Co (TSE:4667) has a Piotroski F-Score of 7 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aisan Technology Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Aisan Technology Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Aisan Technology Co ranks #225 out of 2740 companies in the Software industry, placing it in the top 8.2%.
Is Aisan Technology Co's Piotroski F-Score too high?
Aisan Technology Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Aisan Technology Co's value of 7 is 40% above this industry median. Based on the distribution chart, Aisan Technology Co ranks #225 out of 2740 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Aisan Technology Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aisan Technology Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Aisan Technology Co ranks #225 out of 2740 companies for Piotroski F-Score. This places Aisan Technology Co in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aisan Technology Co's value of 7 is 40% above this benchmark. Historically, Aisan Technology Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Aisan Technology 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. Aisan Technology Co's current Piotroski F-Score of 7 is 40% 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 Aisan Technology Co and its competitors. For the Software 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. Aisan Technology Co's current Piotroski F-Score is 7, which is 17% above 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 Aisan Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Aisan Technology Co (TSE:4667) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,349.06, compared to a current price of 円1,919.00 — trading 18.3% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Aisan Technology Co's overall GF Score™ is 80/100 with 2 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 Aisan Technology Co (TSE:4667), the current Piotroski F-Score is 7 as of Jul. 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 Aisan Technology Co (TSE:4667) Overvalued in 2026?

Based on GuruFocus' analysis, Aisan Technology Co stock appears to be undervalued. The current stock price of 円1,919.00 is trading 18.3% below its estimated GF Value™ of 円2,349.06. GuruFocus considers Aisan Technology Co to be Modestly Undervalued.

Key valuation signals for TSE:4667:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円2,349.06 vs. price of 円1,919.00 (18.3% below fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 40% above the Software median (#225 of 2740)

No single metric tells the full story. See the TSE:4667 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aisan Technology Co Business Description

Address AT Building Nishiki 3 - chome Naka - ku, Nagoya City, Naka-ku, JPN, 460-0003
Aisan Technology Co Ltd designs, develops sells and maintains CAD systems for surveying, civil engineering, construction surveying & public registration. The company also provides services like a Geodetic solution, Measuring instruments solution business, High precision 3D space information solution business, ITS solution business, Research and development activities, and others.
80GF Score

Get the complete analysis for TSE:4667

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

円1,919.00
Price
円2,349.06
GF Value