Asahi Rubber (TSE:5162) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 33% Above Median


TSE:5162 Asahi Rubber Inc TSE:5162
59 GF Score
Price 円819.00
GF Value 円611.74
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Asahi Rubber Piotroski F-Score?

Asahi Rubber TSE:5162 59 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:5162 with a GF Score™ of 59/100 and a GF Value™ of 円611.74 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Asahi Rubber ranks better than 97.74% 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

Asahi Rubber 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 Asahi Rubber's Piotroski F-Score or its related term are showing as below:

TSE:5162' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Asahi Rubber was 9. The lowest was 4. And the median was 6.

Asahi Rubber  (TSE:5162) 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.


Asahi Rubber Piotroski F-Score Related Terms


Asahi Rubber Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Asahi Rubber'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.

Asahi Rubber Piotroski F-Score Chart

Asahi Rubber 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 9.00 8.00 5.00 4.00 8.00

Asahi Rubber 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 8.00

TSE:5162 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Asahi Rubber'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.


Asahi Rubber Piotroski F-Score vs Vehicles & Parts Industry

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

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


TSE:5162
59GF Score
Asahi Rubber Inc TSE:5162
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159 Mil.
Cash Flow from Operations was 円836 Mil.
Revenue was 円7,852 Mil.
Gross Profit was 円1,855 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (9299.013 + 9731.779) / 2 = 円9515.396 Mil.
Total Assets at the begining of this year (Mar25) was 円9,299 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,146 Mil.
Total Current Assets was 円5,304 Mil.
Total Current Liabilities was 円2,618 Mil.
Net Income was 円-236 Mil.

Revenue was 円7,640 Mil.
Gross Profit was 円1,605 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (9414.344 + 9299.013) / 2 = 円9356.6785 Mil.
Total Assets at the begining of last year (Mar24) was 円9,414 Mil.
Long-Term Debt & Capital Lease Obligation was 円611 Mil.
Total Current Assets was 円5,074 Mil.
Total Current Liabilities was 円2,841 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.

Asahi Rubber's current Net Income (TTM) was 159. ==> 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.

Asahi Rubber's current Cash Flow from Operations (TTM) was 836. ==> 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)
=158.928/9299.013
=0.01709085

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-236.037/9414.344
=-0.02507206

Asahi Rubber's return on assets of this year was 0.01709085. Asahi Rubber's return on assets of last year was -0.02507206. ==> 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.

Asahi Rubber's current Net Income (TTM) was 159. Asahi Rubber's current Cash Flow from Operations (TTM) was 836. ==> 836 > 159 ==> 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
=1145.84/9515.396
=0.12041958

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=610.874/9356.6785
=0.06528748

Asahi Rubber's gearing of this year was 0.12041958. Asahi Rubber's gearing of last year was 0.06528748. ==> 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
=5304.493/2617.801
=2.02631636

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5073.948/2840.677
=1.78617562

Asahi Rubber's current ratio of this year was 2.02631636. Asahi Rubber's current ratio of last year was 1.78617562. ==> 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.

Asahi Rubber's number of shares in issue this year was 4.562. Asahi Rubber's number of shares in issue last year was 4.562. ==> 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
=1854.961/7852.091
=0.23623784

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1605.177/7639.596
=0.21011281

Asahi Rubber's gross margin of this year was 0.23623784. Asahi Rubber's gross margin of last year was 0.21011281. ==> 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)
=7852.091/9299.013
=0.84440048

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7639.596/9414.344
=0.81148469

Asahi Rubber's asset turnover of this year was 0.84440048. Asahi Rubber's asset turnover of last year was 0.81148469. ==> 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+1+1+1+1
=8

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

Asahi Rubber 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?
Asahi Rubber (TSE:5162) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asahi Rubber and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Asahi Rubber's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Asahi Rubber ranks #29 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 2.3%.
Is Asahi Rubber's Piotroski F-Score too high?
Asahi Rubber's current Piotroski F-Score of 8 is 33% above 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 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Asahi Rubber's value of 8 is 60% above this industry median. Based on the distribution chart, Asahi Rubber ranks #29 out of 1286 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Asahi Rubber has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Rubber's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Asahi Rubber ranks #29 out of 1286 companies for Piotroski F-Score. This places Asahi Rubber in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Asahi Rubber's value of 8 is 60% above this benchmark. Historically, Asahi Rubber's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Asahi Rubber 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 1,286 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. Asahi Rubber'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 Asahi Rubber 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. Asahi Rubber's current Piotroski F-Score is 8, which is 33% 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 Asahi Rubber stock overvalued right now?
Based on GuruFocus' analysis, Asahi Rubber (TSE:5162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円611.74, compared to a current price of 円819.00 — trading 33.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Vehicles & Parts industry median of 5.00. Asahi Rubber's overall GF Score™ is 59/100 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 Asahi Rubber (TSE:5162), the current Piotroski F-Score is 8 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 Asahi Rubber (TSE:5162) Overvalued in 2026?

Based on GuruFocus' analysis, Asahi Rubber stock appears to be overvalued. The current stock price of 円819.00 is trading 33.9% above its estimated GF Value™ of 円611.74. GuruFocus considers Asahi Rubber to be Significantly Overvalued.

Key valuation signals for TSE:5162:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: 円611.74 vs. price of 円819.00 (33.9% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#29 of 1286)

No single metric tells the full story. See the TSE:5162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asahi Rubber Business Description

Address Dotemachi 2-7-2, Omiya ward, Saitama-shi, Tokyo, JPN
Asahi Rubber Inc is engaged in manufacturing and selling small rubber parts for electrical equipment, vehicles, medical equipment, watches, and others. The segments of the company include Industrial Rubber Business and Medical and Hygienic Rubber Business.
59GF Score

Get the complete analysis for TSE:5162

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

円819.00
Price
円611.74
GF Value