Godo Steel (TSE:5410) Piotroski F-Score: 6 (As of Jun. 30, 2026) — Near Median


TSE:5410 Godo Steel Ltd TSE:5410
55 GF Score
Price 円2,622.00
GF Value 円3,610.15
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Godo Steel Piotroski F-Score?

Godo Steel TSE:5410 +1.16% 55 Piotroski F-Score is 6 as of Jun. 30, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:5410 with a GF Score™ of 55/100 and a GF Value™ of 円3,610.15 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 622 Steel companies, Godo Steel ranks better than 78.62% 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

Godo Steel 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 Godo Steel's Piotroski F-Score or its related term are showing as below:

TSE:5410' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Godo Steel was 8. The lowest was 3. And the median was 6.

Godo Steel  (TSE:5410) 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.


Godo Steel Piotroski F-Score Related Terms


Godo Steel Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Godo Steel'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.

Godo Steel Piotroski F-Score Chart

Godo Steel 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 3.00 8.00 8.00 6.00 6.00

Godo Steel Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 6.00 0.00 0.00 0.00 6.00

TSE:5410 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, Godo Steel'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.


Godo Steel Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Godo Steel's Piotroski F-Score distribution charts can be found below:

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


TSE:5410
55GF Score
Godo Steel Ltd TSE:5410
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8,051 Mil.
Cash Flow from Operations was 円21,429 Mil.
Revenue was 円191,772 Mil.
Gross Profit was 円32,752 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (254159 + 255507) / 2 = 円254833 Mil.
Total Assets at the begining of this year (Mar25) was 円254,159 Mil.
Long-Term Debt & Capital Lease Obligation was 円27,919 Mil.
Total Current Assets was 円120,357 Mil.
Total Current Liabilities was 円66,437 Mil.
Net Income was 円11,322 Mil.

Revenue was 円205,199 Mil.
Gross Profit was 円36,240 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (270813 + 254159) / 2 = 円262486 Mil.
Total Assets at the begining of last year (Mar24) was 円270,813 Mil.
Long-Term Debt & Capital Lease Obligation was 円31,142 Mil.
Total Current Assets was 円129,800 Mil.
Total Current Liabilities was 円73,373 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.

Godo Steel's current Net Income (TTM) was 8,051. ==> 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.

Godo Steel's current Cash Flow from Operations (TTM) was 21,429. ==> 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)
=8051/254159
=0.03167702

ROA (Last Year)=Net Income/Total Assets (Mar24)
=11322/270813
=0.04180745

Godo Steel's return on assets of this year was 0.03167702. Godo Steel's return on assets of last year was 0.04180745. ==> 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.

Godo Steel's current Net Income (TTM) was 8,051. Godo Steel's current Cash Flow from Operations (TTM) was 21,429. ==> 21,429 > 8,051 ==> 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
=27919/254833
=0.10955802

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=31142/262486
=0.11864252

Godo Steel's gearing of this year was 0.10955802. Godo Steel's gearing of last year was 0.11864252. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=120357/66437
=1.81159595

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=129800/73373
=1.76904311

Godo Steel's current ratio of this year was 1.81159595. Godo Steel's current ratio of last year was 1.76904311. ==> 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.

Godo Steel's number of shares in issue this year was 14.624. Godo Steel's number of shares in issue last year was 14.625. ==> 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
=32752/191772
=0.17078614

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36240/205199
=0.17660905

Godo Steel's gross margin of this year was 0.17078614. Godo Steel's gross margin of last year was 0.17660905. ==> 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 (Mar25)
=191772/254159
=0.75453555

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=205199/270813
=0.75771473

Godo Steel's asset turnover of this year was 0.75453555. Godo Steel's asset turnover of last year was 0.75771473. ==> 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+1+1+1+0+0
=6

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

Godo Steel 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?
Godo Steel (TSE:5410) has a Piotroski F-Score of 6 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Godo Steel and its competitors. This is near median its historical median of 6.00. Over the past decade, Godo Steel's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Godo Steel ranks #133 out of 622 companies in the Steel industry, placing it in the top 21.4%.
Is Godo Steel's Piotroski F-Score too high?
Godo Steel'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 3.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Godo Steel's value of 6 is 20% above this industry median. Based on the distribution chart, Godo Steel ranks #133 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Godo Steel has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Godo Steel's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Godo Steel ranks #133 out of 622 companies for Piotroski F-Score. This places Godo Steel in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Godo Steel's value of 6 is 20% above this benchmark. Historically, Godo Steel's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Godo Steel 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 622 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. Godo Steel'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 Godo Steel and its competitors. For the Steel 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. Godo Steel'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 Godo Steel stock overvalued right now?
Based on GuruFocus' analysis, Godo Steel (TSE:5410) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,610.15, compared to a current price of 円2,622.00 — trading 27.4% 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 Steel industry median of 5.00. Godo Steel's overall GF Score™ is 55/100 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 Godo Steel (TSE:5410), the current Piotroski F-Score is 6 as of Jun. 30, 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 Godo Steel (TSE:5410) Overvalued in 2026?

Based on GuruFocus' analysis, Godo Steel stock appears to be undervalued. The current stock price of 円2,622.00 is trading 27.4% below its estimated GF Value™ of 円3,610.15. GuruFocus considers Godo Steel to be Modestly Undervalued.

Key valuation signals for TSE:5410:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円3,610.15 vs. price of 円2,622.00 (27.4% below fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 20% above the Steel median (#133 of 622)

No single metric tells the full story. See the TSE:5410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Godo Steel Business Description

Address Toyobo Building 8th Floor, 2-2-8Doujima-hama Kita-ku, Osaka-shi, Osaka, JPN, 5300004
Godo Steel Ltd manufactures and sells steel products in Japan and internationally. The company offers wire rods for tire chains, stapler needles, and fencing applications; large and middle shapes that are used in construction, civil engineering, and other sectors; structural bars, which are used as materials for making parts of construction and industrial machinery, ships, and other equipment; and rails. It also provides deformed bars that are used as construction and civil engineering materials; EG joints and anchor plates; and billets. In addition, the company offers reinforcing bars, wire products, firebricks, and ballasts; trucking services; and industrial waste disposal services.
55GF Score

Get the complete analysis for TSE:5410

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

円2,622.00
Price
円3,610.15
GF Value