Taiheiyo CementTSE:5233 -2.01%76 Piotroski F-Score is 6 as of Jul. 08, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:5233 with a GF Score™ of 76/100 and a GF Value™ of 円3,876.76 (Fairly Valued). The stock has 4 warning signs investors should review. Among 394 Building Materials companies, Taiheiyo Cement ranks better than 68.02% 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
Taiheiyo Cement 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 Taiheiyo Cement's Piotroski F-Score or its related term are showing as below:
TSE:5233'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Taiheiyo Cement was 8. The lowest was 4. And the median was 7.
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.
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.
Taiheiyo Cement Piotroski F-Score Related Terms
Taiheiyo Cement Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Taiheiyo Cement'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.
TSE:5233 vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Taiheiyo Cement'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.
Taiheiyo Cement Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Taiheiyo Cement's Piotroski F-Score falls into.
* 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.
*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.
Taiheiyo Cement's current Net Income (TTM) was 25,401.
==> 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.
Taiheiyo Cement's return on assets of this year was 0.0178416. Taiheiyo Cement's return on assets of last year was 0.04291273.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Taiheiyo Cement's gearing of this year was 0.14486853. Taiheiyo Cement's gearing of last year was 0.16969629.
==> 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
Taiheiyo Cement's current ratio of this year was 0.98968343. Taiheiyo Cement's current ratio of last year was 1.04474526.
==> 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.
Taiheiyo Cement's number of shares in issue this year was 111.474. Taiheiyo Cement's number of shares in issue last year was 114.289.
==> 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.
Taiheiyo Cement's gross margin of this year was 0.24850157. Taiheiyo Cement's gross margin of last year was 0.24220709.
==> 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
Taiheiyo Cement's asset turnover of this year was 0.63106283. Taiheiyo Cement's asset turnover of last year was 0.66975104.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Taiheiyo Cement has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Taiheiyo Cement (TSE:5233) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taiheiyo Cement and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Taiheiyo Cement's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Taiheiyo Cement ranks #126 out of 394 companies in the Building Materials industry, placing it in the top 32%.
Is Taiheiyo Cement's Piotroski F-Score too high?
Taiheiyo Cement's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Building Materials industry median Piotroski F-Score is 5.00. Taiheiyo Cement's value of 6 is 20% above this industry median. Based on the distribution chart, Taiheiyo Cement ranks #126 out of 394 companies in the Building Materials industry, which is above the industry midpoint. Overall, Taiheiyo Cement has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiheiyo Cement's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Taiheiyo Cement ranks #126 out of 394 companies for Piotroski F-Score. This puts Taiheiyo Cement in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Taiheiyo Cement's value of 6 is 20% above this benchmark. Historically, Taiheiyo Cement'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 7.00 vs. the industry median of 5.00, Taiheiyo Cement 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. Taiheiyo Cement'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 Taiheiyo Cement and its competitors. For the Building Materials 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. Taiheiyo Cement's current Piotroski F-Score is 6, which is 14% below 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 Taiheiyo Cement stock overvalued right now?
Based on GuruFocus' analysis, Taiheiyo Cement (TSE:5233) is currently considered Fairly Valued. The stock's GF Value™ is 円3,876.76, compared to a current price of 円4,090.00 — trading 5.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Building Materials industry median of 5.00. Taiheiyo Cement's overall GF Score™ is 76/100 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 Taiheiyo Cement (TSE:5233), the current Piotroski F-Score is 6 as of Jul. 08, 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 Taiheiyo Cement (TSE:5233) Overvalued in 2026?
Based on GuruFocus' analysis, Taiheiyo Cement stock appears to be overvalued.
The current stock price of 円4,090.00 is trading 5.5% above its estimated GF Value™ of 円3,876.76.
GuruFocus considers Taiheiyo Cement to be Fairly Valued.
Key valuation signals for TSE:5233:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: 円3,876.76 vs. price of 円4,090.00 (5.5% above fair value)
Industry Position: 20% above the Building Materials median (#126 of 394)
No single metric tells the full story. See the TSE:5233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiheiyo Cement Corp is a Japan-based company mainly engaged in the manufacture and sale of cement products. The company operates through four main segments. The Building Materials and Civil Engineering segment handles secondary concrete products and ALC (lightweight aerated concrete). The Cement segment covers various cement types and ready-mixed concrete. The Environmental Business focuses on waste recycling and desulfurization materials. The Resources segment deals with aggregates and limestone products. The Others segment includes real estate, engineering, information processing, finance, transportation, warehousing, chemical products, sports, and power supply. It generates the majority of its revenue from the Cement segment.
76GF Score
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