TOKYO TEKKO Co (TSE:5445) Piotroski F-Score: 4 (As of Jul. 16, 2026) — 43% Below Median

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TSE:5445 TOKYO TEKKO Co Ltd TSE:5445
61 GF Score
Price 円1,939.00
GF Value 円1,679.58
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is TOKYO TEKKO Co Piotroski F-Score?

TOKYO TEKKO Co TSE:5445 +0.83% 61 Piotroski F-Score is 4 as of Jul. 16, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates TSE:5445 with a GF Score™ of 61/100 and a GF Value™ of 円1,679.58 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 622 Steel companies, TOKYO TEKKO Co ranks worse than 63.34% 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

TOKYO TEKKO Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:5445' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of TOKYO TEKKO Co was 8. The lowest was 1. And the median was 7.

TOKYO TEKKO Co  (TSE:5445) 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.


TOKYO TEKKO Co Piotroski F-Score Related Terms


TOKYO TEKKO Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TOKYO TEKKO 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.

TOKYO TEKKO Co Piotroski F-Score Chart

TOKYO TEKKO 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 1.00 8.00 8.00 7.00 4.00

TOKYO TEKKO Co 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 8.00 0.00 7.00 0.00 4.00

TSE:5445 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, TOKYO TEKKO 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.


TOKYO TEKKO Co Piotroski F-Score vs Steel Industry

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

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


TSE:5445
61GF Score
TOKYO TEKKO Co Ltd TSE:5445
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8,075 Mil.
Cash Flow from Operations was 円5,181 Mil.
Revenue was 円72,540 Mil.
Gross Profit was 円20,457 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (81247 + 80449) / 2 = 円80848 Mil.
Total Assets at the begining of this year (Mar25) was 円81,247 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,467 Mil.
Total Current Assets was 円36,783 Mil.
Total Current Liabilities was 円10,947 Mil.
Net Income was 円10,853 Mil.

Revenue was 円82,593 Mil.
Gross Profit was 円23,376 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (77903 + 81247) / 2 = 円79575 Mil.
Total Assets at the begining of last year (Mar24) was 円77,903 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,248 Mil.
Total Current Assets was 円40,591 Mil.
Total Current Liabilities was 円15,586 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.

TOKYO TEKKO Co's current Net Income (TTM) was 8,075. ==> 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.

TOKYO TEKKO Co's current Cash Flow from Operations (TTM) was 5,181. ==> 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)
=8075/81247
=0.09938829

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10853/77903
=0.13931428

TOKYO TEKKO Co's return on assets of this year was 0.09938829. TOKYO TEKKO Co's return on assets of last year was 0.13931428. ==> 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.

TOKYO TEKKO Co's current Net Income (TTM) was 8,075. TOKYO TEKKO Co's current Cash Flow from Operations (TTM) was 5,181. ==> 5,181 <= 8,075 ==> CFROA <= ROA ==> Score 0.

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
=3467/80848
=0.04288294

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3248/79575
=0.04081684

TOKYO TEKKO Co's gearing of this year was 0.04288294. TOKYO TEKKO Co's gearing of last year was 0.04081684. ==> 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
=36783/10947
=3.36009866

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=40591/15586
=2.60432439

TOKYO TEKKO Co's current ratio of this year was 3.36009866. TOKYO TEKKO Co's current ratio of last year was 2.60432439. ==> 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.

TOKYO TEKKO Co's number of shares in issue this year was 25.589. TOKYO TEKKO Co's number of shares in issue last year was 26.285. ==> 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
=20457/72540
=0.28200993

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23376/82593
=0.28302641

TOKYO TEKKO Co's gross margin of this year was 0.28200993. TOKYO TEKKO Co's gross margin of last year was 0.28302641. ==> 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)
=72540/81247
=0.89283297

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=82593/77903
=1.06020307

TOKYO TEKKO Co's asset turnover of this year was 0.89283297. TOKYO TEKKO Co's asset turnover of last year was 1.06020307. ==> 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+0+0+1+1+0+0
=4

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

TOKYO TEKKO Co has an F-score of 4 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 4 mean?
TOKYO TEKKO Co (TSE:5445) has a Piotroski F-Score of 4 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TOKYO TEKKO Co and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, TOKYO TEKKO Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, TOKYO TEKKO Co ranks #394 out of 622 companies in the Steel industry, placing it in the top 63.3%.
Is TOKYO TEKKO Co's Piotroski F-Score too high?
TOKYO TEKKO Co's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. TOKYO TEKKO Co's value of 4 is 20% below this industry median. Based on the distribution chart, TOKYO TEKKO Co ranks #394 out of 622 companies in the Steel industry, which is below the industry midpoint. Overall, TOKYO TEKKO Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOKYO TEKKO Co's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, TOKYO TEKKO Co ranks #394 out of 622 companies for Piotroski F-Score. This places TOKYO TEKKO Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. TOKYO TEKKO Co's value of 4 is 20% below this benchmark. Historically, TOKYO TEKKO Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, TOKYO TEKKO Co has consistently been below 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. TOKYO TEKKO Co's current Piotroski F-Score of 4 is 20% below 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 TOKYO TEKKO Co 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. TOKYO TEKKO Co's current Piotroski F-Score is 4, which is 43% 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 TOKYO TEKKO Co stock overvalued right now?
Based on GuruFocus' analysis, TOKYO TEKKO Co (TSE:5445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,679.58, compared to a current price of 円1,939.00 — trading 15.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Steel industry median of 5.00. TOKYO TEKKO Co's overall GF Score™ is 61/100 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 TOKYO TEKKO Co (TSE:5445), the current Piotroski F-Score is 4 as of Jul. 16, 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 TOKYO TEKKO Co (TSE:5445) Overvalued in 2026?

Based on GuruFocus' analysis, TOKYO TEKKO Co stock appears to be overvalued. The current stock price of 円1,939.00 is trading 15.4% above its estimated GF Value™ of 円1,679.58. GuruFocus considers TOKYO TEKKO Co to be Modestly Overvalued.

Key valuation signals for TSE:5445:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: 円1,679.58 vs. price of 円1,939.00 (15.4% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 20% below the Steel median (#394 of 622)

No single metric tells the full story. See the TSE:5445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOKYO TEKKO Co Business Description

Address 520 Yokokura Shinden, Tochigi, Oyama, JPN, 1620824
TOKYO TEKKO Co Ltd is engaged in the production and sale of steel bars and processed products. It operates through segments: Steel Business and Others segment. The firm's steel business provides reinforced concrete steel bars, mechanical joints, and steel reinforced products. Additionally, it is engaged in the provision of freight transportation and equipment maintenance services.
61GF Score

Get the complete analysis for TSE:5445

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

円1,939.00
Price
円1,679.58
GF Value