Mk Seiko Co (TSE:5906) Piotroski F-Score: 8 (As of Jul. 06, 2026) — 14% Above Median


TSE:5906 Mk Seiko Co Ltd TSE:5906
77 GF Score
Price 円807.00
GF Value 円483.35
Valuation Significantly Overvalued
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What is Mk Seiko Co Piotroski F-Score?

Mk Seiko Co TSE:5906 +2.67% 77 Piotroski F-Score is 8 as of Jul. 06, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:5906 with a GF Score™ of 77/100 and a GF Value™ of 円483.35 (Significantly Overvalued). Among 2,427 Hardware companies, Mk Seiko Co ranks better than 98.64% 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

Mk Seiko Co 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 Mk Seiko Co's Piotroski F-Score or its related term are showing as below:

TSE:5906' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Mk Seiko Co was 8. The lowest was 5. And the median was 7.

Mk Seiko Co  (TSE:5906) 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.


Mk Seiko Co Piotroski F-Score Related Terms


Mk Seiko Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mk Seiko 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.

Mk Seiko Co Piotroski F-Score Chart

Mk Seiko 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 5.00 7.00 7.00 5.00 8.00

Mk Seiko 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 7.00 0.00 5.00 0.00 8.00

TSE:5906 vs AAPL: Piotroski F-Score Comparison

For the Consumer Electronics subindustry, Mk Seiko 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.


Mk Seiko Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Mk Seiko Co's Piotroski F-Score distribution charts can be found below:

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


TSE:5906
77GF Score
Mk Seiko Co Ltd TSE:5906
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2,354 Mil.
Cash Flow from Operations was 円1,991 Mil.
Revenue was 円29,788 Mil.
Gross Profit was 円10,255 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (26284.781 + 28328.923) / 2 = 円27306.852 Mil.
Total Assets at the begining of this year (Mar25) was 円26,285 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,975 Mil.
Total Current Assets was 円17,517 Mil.
Total Current Liabilities was 円6,081 Mil.
Net Income was 円1,335 Mil.

Revenue was 円28,268 Mil.
Gross Profit was 円9,176 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (26777.493 + 26284.781) / 2 = 円26531.137 Mil.
Total Assets at the begining of last year (Mar24) was 円26,777 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,932 Mil.
Total Current Assets was 円16,844 Mil.
Total Current Liabilities was 円7,082 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.

Mk Seiko Co's current Net Income (TTM) was 2,354. ==> 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.

Mk Seiko Co's current Cash Flow from Operations (TTM) was 1,991. ==> 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)
=2354.276/26284.781
=0.08956803

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1334.649/26777.493
=0.04984219

Mk Seiko Co's return on assets of this year was 0.08956803. Mk Seiko Co's return on assets of last year was 0.04984219. ==> 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.

Mk Seiko Co's current Net Income (TTM) was 2,354. Mk Seiko Co's current Cash Flow from Operations (TTM) was 1,991. ==> 1,991 <= 2,354 ==> 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
=1974.785/27306.852
=0.0723183

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1931.549/26531.137
=0.0728031

Mk Seiko Co's gearing of this year was 0.0723183. Mk Seiko Co's gearing of last year was 0.0728031. ==> 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
=17516.685/6081.324
=2.88040647

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=16843.687/7081.761
=2.37846024

Mk Seiko Co's current ratio of this year was 2.88040647. Mk Seiko Co's current ratio of last year was 2.37846024. ==> 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.

Mk Seiko Co's number of shares in issue this year was 14.056. Mk Seiko Co's number of shares in issue last year was 14.704. ==> 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
=10254.969/29788.221
=0.34426255

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9175.64/28268.214
=0.32459214

Mk Seiko Co's gross margin of this year was 0.34426255. Mk Seiko Co's gross margin of last year was 0.32459214. ==> 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)
=29788.221/26284.781
=1.13328778

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=28268.214/26777.493
=1.05567067

Mk Seiko Co's asset turnover of this year was 1.13328778. Mk Seiko Co's asset turnover of last year was 1.05567067. ==> 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+0+1+1+1+1+1
=8

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

Mk Seiko Co 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?
Mk Seiko Co (TSE:5906) has a Piotroski F-Score of 8 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mk Seiko Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Mk Seiko Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Mk Seiko Co ranks #33 out of 2427 companies in the Hardware industry, placing it in the top 1.4%.
Is Mk Seiko Co's Piotroski F-Score too high?
Mk Seiko Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Mk Seiko Co's value of 8 is 60% above this industry median. Based on the distribution chart, Mk Seiko Co ranks #33 out of 2427 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Mk Seiko Co has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mk Seiko Co's Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Mk Seiko Co ranks #33 out of 2427 companies for Piotroski F-Score. This places Mk Seiko Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mk Seiko Co's value of 8 is 60% above this benchmark. Historically, Mk Seiko Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Mk Seiko Co 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. Mk Seiko Co'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 Mk Seiko Co and its competitors. For the Hardware 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. Mk Seiko Co's current Piotroski F-Score is 8, which is 14% above 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 Mk Seiko Co stock overvalued right now?
Based on GuruFocus' analysis, Mk Seiko Co (TSE:5906) is currently considered Significantly Overvalued. The stock's GF Value™ is 円483.35, compared to a current price of 円807.00 — trading 67% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Hardware industry median of 5.00. Mk Seiko Co's overall GF Score™ is 77/100. 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 Mk Seiko Co (TSE:5906), the current Piotroski F-Score is 8 as of Jul. 06, 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 Mk Seiko Co (TSE:5906) Overvalued in 2026?

Based on GuruFocus' analysis, Mk Seiko Co stock appears to be overvalued. The current stock price of 円807.00 is trading 67% above its estimated GF Value™ of 円483.35. GuruFocus considers Mk Seiko Co to be Significantly Overvalued.

Key valuation signals for TSE:5906:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円483.35 vs. price of 円807.00 (67% above fair value)
  • GF Score™: 77/100
  • Industry Position: 60% above the Hardware median (#33 of 2427)

No single metric tells the full story. See the TSE:5906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mk Seiko Co Business Description

Address 1825, Amenomiya, Nagano-ken, Chikuma, JPN, 387 8603
Mk Seiko Co Ltd is a Japanese manufacturer and seller of automotive service equipment, information equipment and household equipment. In automotive service equipment, the company offers car washing machines, freon cleaning and charging machines and others. It offers information equipment like large screen televisions for outside and auditoriums, road information equipment and color display equipment for shops. The household products offered by the company are low-temperature farm product storage, bread makers and oil supply pumps.
77GF Score

Get the complete analysis for TSE:5906

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

円807.00
Price
円483.35
GF Value