Tokyo Rope Mfg Co (TSE:5981) Piotroski F-Score: 8 (As of Aug. 19, 2026) — 14% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:5981 Tokyo Rope Mfg Co Ltd TSE:5981
71 GF Score
Price 円1,911.00
GF Value 円1,362.52
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Tokyo Rope Mfg Co Piotroski F-Score?

Tokyo Rope Mfg Co TSE:5981 -4.55% 71 Piotroski F-Score is 8 as of Aug. 19, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:5981 with a GF Score™ of 71/100 and a GF Value™ of 円1,362.52 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,958 Industrial Products companies, Tokyo Rope Mfg Co ranks better than 97.73% 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

Tokyo Rope Mfg 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 Tokyo Rope Mfg Co's Piotroski F-Score or its related term are showing as below:

TSE:5981' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Tokyo Rope Mfg Co was 8. The lowest was 4. And the median was 7.

Tokyo Rope Mfg Co  (TSE:5981) 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 Rope Mfg Co Piotroski F-Score Related Terms


Tokyo Rope Mfg Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tokyo Rope Mfg 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 Rope Mfg Co Piotroski F-Score Chart

Tokyo Rope Mfg 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 7.00 7.00 7.00 7.00 8.00

Tokyo Rope Mfg Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 8.00 0.00

TSE:5981 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Tokyo Rope Mfg 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 Rope Mfg Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tokyo Rope Mfg Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tokyo Rope Mfg Co's Piotroski F-Score falls into.


TSE:5981
71GF Score
Tokyo Rope Mfg Co Ltd TSE:5981
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3,481 Mil.
Cash Flow from Operations was 円5,385 Mil.
Revenue was 円64,094 Mil.
Gross Profit was 円15,341 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (87369 + 89071) / 2 = 円88220 Mil.
Total Assets at the begining of this year (Mar25) was 円87,369 Mil.
Long-Term Debt & Capital Lease Obligation was 円9,903 Mil.
Total Current Assets was 円41,585 Mil.
Total Current Liabilities was 円29,607 Mil.
Net Income was 円3,247 Mil.

Revenue was 円62,867 Mil.
Gross Profit was 円13,852 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (85844 + 87369) / 2 = 円86606.5 Mil.
Total Assets at the begining of last year (Mar24) was 円85,844 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,970 Mil.
Total Current Assets was 円40,509 Mil.
Total Current Liabilities was 円34,771 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 Rope Mfg Co's current Net Income (TTM) was 3,481. ==> 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 Rope Mfg Co's current Cash Flow from Operations (TTM) was 5,385. ==> 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)
=3481/87369
=0.03984251

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3247/85844
=0.03782443

Tokyo Rope Mfg Co's return on assets of this year was 0.03984251. Tokyo Rope Mfg Co's return on assets of last year was 0.03782443. ==> 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.

Tokyo Rope Mfg Co's current Net Income (TTM) was 3,481. Tokyo Rope Mfg Co's current Cash Flow from Operations (TTM) was 5,385. ==> 5,385 > 3,481 ==> 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
=9903/88220
=0.11225346

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5970/86606.5
=0.06893247

Tokyo Rope Mfg Co's gearing of this year was 0.11225346. Tokyo Rope Mfg Co's gearing of last year was 0.06893247. ==> 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
=41585/29607
=1.40456649

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=40509/34771
=1.16502258

Tokyo Rope Mfg Co's current ratio of this year was 1.40456649. Tokyo Rope Mfg Co's current ratio of last year was 1.16502258. ==> 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 Rope Mfg Co's number of shares in issue this year was 15.559. Tokyo Rope Mfg Co's number of shares in issue last year was 15.782. ==> 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
=15341/64094
=0.23935158

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13852/62867
=0.22033817

Tokyo Rope Mfg Co's gross margin of this year was 0.23935158. Tokyo Rope Mfg Co's gross margin of last year was 0.22033817. ==> 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)
=64094/87369
=0.73360116

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=62867/85844
=0.73234006

Tokyo Rope Mfg Co's asset turnover of this year was 0.73360116. Tokyo Rope Mfg Co's asset turnover of last year was 0.73234006. ==> 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+1+0+1+1+1+1
=8

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

Tokyo Rope Mfg 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?
Tokyo Rope Mfg Co (TSE:5981) has a Piotroski F-Score of 8 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tokyo Rope Mfg Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Tokyo Rope Mfg Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Tokyo Rope Mfg Co ranks #67 out of 2958 companies in the Industrial Products industry, placing it in the top 2.3%.
Is Tokyo Rope Mfg Co's Piotroski F-Score too high?
Tokyo Rope Mfg 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 4.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Tokyo Rope Mfg Co's value of 8 is 60% above this industry median. Based on the distribution chart, Tokyo Rope Mfg Co ranks #67 out of 2958 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tokyo Rope Mfg Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Rope Mfg Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Tokyo Rope Mfg Co ranks #67 out of 2958 companies for Piotroski F-Score. This places Tokyo Rope Mfg Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tokyo Rope Mfg Co's value of 8 is 60% above this benchmark. Historically, Tokyo Rope Mfg Co'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, Tokyo Rope Mfg 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,958 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 Rope Mfg 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 Tokyo Rope Mfg Co and its competitors. For the Industrial Products 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 Rope Mfg 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 Tokyo Rope Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Rope Mfg Co (TSE:5981) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,362.52, compared to a current price of 円1,911.00 — trading 40.3% 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 Industrial Products industry median of 5.00. Tokyo Rope Mfg Co's overall GF Score™ is 71/100 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 Tokyo Rope Mfg Co (TSE:5981), the current Piotroski F-Score is 8 as of Aug. 19, 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 Rope Mfg Co (TSE:5981) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Rope Mfg Co stock appears to be overvalued. The current stock price of 円1,911.00 is trading 40.3% above its estimated GF Value™ of 円1,362.52. GuruFocus considers Tokyo Rope Mfg Co to be Significantly Overvalued.

Key valuation signals for TSE:5981:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円1,362.52 vs. price of 円1,911.00 (40.3% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 60% above the Industrial Products median (#67 of 2958)

No single metric tells the full story. See the TSE:5981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Rope Mfg Co Business Description

Address 2-37-28 Eidai, Koto-ku, Tokyo, JPN, 1038306
Tokyo Rope Mfg Co Ltd is a Japan-based manufacturing company. Principally, it is involved in the design and construction of road safety devices such as rock fall prevention net, environment protection products including sound insulation walls, and bridges and cable-suspended bridges. It offers the various products such as wire rope for the use with the crane, elevators, forestry and fisheries and cableway, galvanized wire and strand, steel cord, bridge and structural cable product, carbon fiber composite cables, and many more. Additionally, it also produces and markets several industrial types of machinery and metal fiber.
71GF Score

Get the complete analysis for TSE:5981

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

円1,911.00
Price
円1,362.52
GF Value