Chuo Spring Co (TSE:5992) Piotroski F-Score: 7 (As of Jul. 05, 2026) — Near Median


TSE:5992 Chuo Spring Co Ltd TSE:5992
59 GF Score
Price 円3,860.00
GF Value 円1,389.60
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Chuo Spring Co Piotroski F-Score?

Chuo Spring Co TSE:5992 -0.39% 59 Piotroski F-Score is 7 as of Jul. 05, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:5992 with a GF Score™ of 59/100 and a GF Value™ of 円1,389.60 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,290 Vehicles & Parts companies, Chuo Spring Co ranks better than 89.22% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Chuo Spring Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:5992' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

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

Chuo Spring Co  (TSE:5992) 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.


Chuo Spring Co Piotroski F-Score Related Terms


Chuo Spring Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chuo Spring 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.

Chuo Spring Co Piotroski F-Score Chart

Chuo Spring 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 4.00 7.00 6.00 7.00

Chuo Spring Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 7.00

TSE:5992 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Chuo Spring 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.


Chuo Spring Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chuo Spring Co's Piotroski F-Score distribution charts can be found below:

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


TSE:5992
59GF Score
Chuo Spring Co Ltd TSE:5992
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12,420 Mil.
Cash Flow from Operations was 円6,886 Mil.
Revenue was 円110,869 Mil.
Gross Profit was 円12,964 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (142907.552 + 154908.571) / 2 = 円148908.0615 Mil.
Total Assets at the begining of this year (Mar25) was 円142,908 Mil.
Long-Term Debt & Capital Lease Obligation was 円20,386 Mil.
Total Current Assets was 円65,868 Mil.
Total Current Liabilities was 円28,438 Mil.
Net Income was 円1,855 Mil.

Revenue was 円110,157 Mil.
Gross Profit was 円14,083 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (153572.894 + 142907.552) / 2 = 円148240.223 Mil.
Total Assets at the begining of last year (Mar24) was 円153,573 Mil.
Long-Term Debt & Capital Lease Obligation was 円23,319 Mil.
Total Current Assets was 円55,984 Mil.
Total Current Liabilities was 円25,695 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.

Chuo Spring Co's current Net Income (TTM) was 12,420. ==> 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.

Chuo Spring Co's current Cash Flow from Operations (TTM) was 6,886. ==> 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)
=12420.284/142907.552
=0.08691132

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1855.455/153572.894
=0.01208192

Chuo Spring Co's return on assets of this year was 0.08691132. Chuo Spring Co's return on assets of last year was 0.01208192. ==> 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.

Chuo Spring Co's current Net Income (TTM) was 12,420. Chuo Spring Co's current Cash Flow from Operations (TTM) was 6,886. ==> 6,886 <= 12,420 ==> 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
=20385.841/148908.0615
=0.1369022

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23319.054/148240.223
=0.15730585

Chuo Spring Co's gearing of this year was 0.1369022. Chuo Spring Co's gearing of last year was 0.15730585. ==> 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
=65868.373/28438.106
=2.31620112

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=55983.645/25694.797
=2.17879305

Chuo Spring Co's current ratio of this year was 2.31620112. Chuo Spring Co's current ratio of last year was 2.17879305. ==> 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.

Chuo Spring Co's number of shares in issue this year was 25.228. Chuo Spring Co's number of shares in issue last year was 25.238. ==> 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
=12963.614/110868.647
=0.11692768

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14082.7/110157.232
=0.12784181

Chuo Spring Co's gross margin of this year was 0.11692768. Chuo Spring Co's gross margin of last year was 0.12784181. ==> 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)
=110868.647/142907.552
=0.77580677

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=110157.232/153572.894
=0.71729606

Chuo Spring Co's asset turnover of this year was 0.77580677. Chuo Spring Co's asset turnover of last year was 0.71729606. ==> 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+0+1
=7

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

Chuo Spring Co has an F-score of 7. 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 7 mean?
Chuo Spring Co (TSE:5992) has a Piotroski F-Score of 7 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chuo Spring Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Chuo Spring Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Chuo Spring Co ranks #139 out of 1290 companies in the Vehicles & Parts industry, placing it in the top 10.8%.
Is Chuo Spring Co's Piotroski F-Score too high?
Chuo Spring Co's current Piotroski F-Score of 7 is near 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Chuo Spring Co's value of 7 is 40% above this industry median. Based on the distribution chart, Chuo Spring Co ranks #139 out of 1290 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Chuo Spring Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chuo Spring Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chuo Spring Co ranks #139 out of 1290 companies for Piotroski F-Score. This places Chuo Spring Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chuo Spring Co's value of 7 is 40% above this benchmark. Historically, Chuo Spring 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, Chuo Spring 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,290 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. Chuo Spring Co's current Piotroski F-Score of 7 is 40% 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 Chuo Spring Co and its competitors. For the Vehicles & Parts 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. Chuo Spring Co's current Piotroski F-Score is 7, which is near 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 Chuo Spring Co stock overvalued right now?
Based on GuruFocus' analysis, Chuo Spring Co (TSE:5992) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,389.60, compared to a current price of 円3,860.00 — trading 177.8% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Vehicles & Parts industry median of 5.00. Chuo Spring Co's overall GF Score™ is 59/100 with 5 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 Chuo Spring Co (TSE:5992), the current Piotroski F-Score is 7 as of Jul. 05, 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 Chuo Spring Co (TSE:5992) Overvalued in 2026?

Based on GuruFocus' analysis, Chuo Spring Co stock appears to be overvalued. The current stock price of 円3,860.00 is trading 177.8% above its estimated GF Value™ of 円1,389.60. GuruFocus considers Chuo Spring Co to be Significantly Overvalued.

Key valuation signals for TSE:5992:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円1,389.60 vs. price of 円3,860.00 (177.8% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 40% above the Vehicles & Parts median (#139 of 1290)

No single metric tells the full story. See the TSE:5992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chuo Spring Co Business Description

Address 68 Kamishiota, Narumi-cho, Midori-ku, Nagoya, JPN, 458-8505
Chuo Spring Co Ltd engages in the manufacture and sale of springs, control cables, and automobile supplies. It provides chassis springs, precise springs, cables, gold-plating processing and automobile supplies, as well as design and development services for automobile supplies and reels. Its products include various springs for automobiles, industrial machines, precision machines and aircraft; automotive control cables; and control cable application to buildings, agricultural machines, ships, and housings.
59GF Score

Get the complete analysis for TSE:5992

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

円3,860.00
Price
円1,389.60
GF Value