HOKUETSU METAL CoTSE:5446 61 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:5446 with a GF Score™ of 61/100 and a GF Value™ of 円1,100.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 624 Steel companies, HOKUETSU METAL Co ranks worse than 62.98% 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
HOKUETSU METAL 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 HOKUETSU METAL Co's Piotroski F-Score or its related term are showing as below:
TSE:5446'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of HOKUETSU METAL Co was 7. The lowest was 2. And the median was 5.
HOKUETSU METAL Co (TSE:5446) 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.
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.
HOKUETSU METAL Co Piotroski F-Score Related Terms
HOKUETSU METAL Co Piotroski F-Score Historical Data
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The historical data trend for HOKUETSU METAL 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.
TSE:5446 vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, HOKUETSU METAL 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.
HOKUETSU METAL Co Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, HOKUETSU METAL Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where HOKUETSU METAL Co'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.
HOKUETSU METAL Co's current Net Income (TTM) was -339.
==> Negative ==> Score 0.
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.
HOKUETSU METAL Co's return on assets of this year was -0.01271758. HOKUETSU METAL Co's return on assets of last year was 0.01989446.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
HOKUETSU METAL Co's gearing of this year was 0.02911685. HOKUETSU METAL Co's gearing of last year was 0.04027057.
==> 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
HOKUETSU METAL Co's current ratio of this year was 2.14727938. HOKUETSU METAL Co's current ratio of last year was 2.02480279.
==> 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.
HOKUETSU METAL Co's number of shares in issue this year was 3.856. HOKUETSU METAL Co's number of shares in issue last year was 3.85.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
HOKUETSU METAL Co's gross margin of this year was 0.11384252. HOKUETSU METAL Co's gross margin of last year was 0.13394939.
==> 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
HOKUETSU METAL Co's asset turnover of this year was 0.88420166. HOKUETSU METAL Co's asset turnover of last year was 0.99894437.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
HOKUETSU METAL Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
HOKUETSU METAL Co (TSE:5446) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HOKUETSU METAL Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, HOKUETSU METAL Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, HOKUETSU METAL Co ranks #393 out of 624 companies in the Steel industry, placing it in the top 63%.
Is HOKUETSU METAL Co's Piotroski F-Score too high?
HOKUETSU METAL Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Steel industry median Piotroski F-Score is 5.00. HOKUETSU METAL Co's value of 4 is 20% below this industry median. Based on the distribution chart, HOKUETSU METAL Co ranks #393 out of 624 companies in the Steel industry, which is below the industry midpoint. Overall, HOKUETSU METAL Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HOKUETSU METAL Co's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, HOKUETSU METAL Co ranks #393 out of 624 companies for Piotroski F-Score. This places HOKUETSU METAL Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. HOKUETSU METAL Co's value of 4 is 20% below this benchmark. Historically, HOKUETSU METAL Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, HOKUETSU METAL 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 624 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. HOKUETSU METAL 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 HOKUETSU METAL 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. HOKUETSU METAL Co's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HOKUETSU METAL Co stock overvalued right now?
Based on GuruFocus' analysis, HOKUETSU METAL Co (TSE:5446) is currently considered Fairly Valued. The stock's GF Value™ is 円1,100.70, compared to a current price of 円1,140.00 — trading 3.6% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Steel industry median of 5.00. HOKUETSU METAL Co's overall GF Score™ is 61/100 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 HOKUETSU METAL Co (TSE:5446), the current Piotroski F-Score is 4 as of Jul. 09, 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 HOKUETSU METAL Co (TSE:5446) Overvalued in 2026?
Based on GuruFocus' analysis, HOKUETSU METAL Co stock appears to be overvalued.
The current stock price of 円1,140.00 is trading 3.6% above its estimated GF Value™ of 円1,100.70.
GuruFocus considers HOKUETSU METAL Co to be Fairly Valued.
Key valuation signals for TSE:5446:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: 円1,100.70 vs. price of 円1,140.00 (3.6% above fair value)
Industry Position: 20% below the Steel median (#393 of 624)
No single metric tells the full story. See the TSE:5446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HOKUETSU METAL Co Ltd operates in the iron and steel industry. The principal business activities of the company include the manufacturing and processing of primary products such as steel, non-base metals and alloys, steel structures, and various other mechanical devices.
61GF Score
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