Akasaka Diesels (TSE:6022) Piotroski F-Score: 6 (As of Jul. 16, 2026) — 20% Above Median

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TSE:6022 Akasaka Diesels Ltd TSE:6022
65 GF Score
Price 円2,514.00
GF Value 円2,571.81
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Akasaka Diesels Piotroski F-Score?

Akasaka Diesels TSE:6022 -1.45% 65 Piotroski F-Score is 6 as of Jul. 16, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:6022 with a GF Score™ of 65/100 and a GF Value™ of 円2,571.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 321 Aerospace & Defense companies, Akasaka Diesels ranks better than 73.83% 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

Akasaka Diesels has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:6022' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Akasaka Diesels was 6. The lowest was 3. And the median was 5.

Akasaka Diesels  (TSE:6022) 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.


Akasaka Diesels Piotroski F-Score Related Terms


Akasaka Diesels Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Akasaka Diesels'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.

Akasaka Diesels Piotroski F-Score Chart

Akasaka Diesels 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 6.00 6.00 6.00 3.00 6.00

Akasaka Diesels 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 6.00 0.00 3.00 0.00 6.00

TSE:6022 vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Akasaka Diesels'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.


Akasaka Diesels Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Akasaka Diesels's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Akasaka Diesels's Piotroski F-Score falls into.


TSE:6022
65GF Score
Akasaka Diesels Ltd TSE:6022
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186 Mil.
Cash Flow from Operations was 円312 Mil.
Revenue was 円8,334 Mil.
Gross Profit was 円1,328 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (14035.287 + 18217.676) / 2 = 円16126.4815 Mil.
Total Assets at the begining of this year (Mar25) was 円14,035 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,366 Mil.
Total Current Assets was 円8,332 Mil.
Total Current Liabilities was 円4,313 Mil.
Net Income was 円38 Mil.

Revenue was 円7,846 Mil.
Gross Profit was 円1,523 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (13831.053 + 14035.287) / 2 = 円13933.17 Mil.
Total Assets at the begining of last year (Mar24) was 円13,831 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,231 Mil.
Total Current Assets was 円6,739 Mil.
Total Current Liabilities was 円3,103 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.

Akasaka Diesels's current Net Income (TTM) was 186. ==> 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.

Akasaka Diesels's current Cash Flow from Operations (TTM) was 312. ==> 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)
=186.119/14035.287
=0.01326079

ROA (Last Year)=Net Income/Total Assets (Mar24)
=38.035/13831.053
=0.00274997

Akasaka Diesels's return on assets of this year was 0.01326079. Akasaka Diesels's return on assets of last year was 0.00274997. ==> 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.

Akasaka Diesels's current Net Income (TTM) was 186. Akasaka Diesels's current Cash Flow from Operations (TTM) was 312. ==> 312 > 186 ==> 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
=1365.962/16126.4815
=0.08470304

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1230.592/13933.17
=0.08832104

Akasaka Diesels's gearing of this year was 0.08470304. Akasaka Diesels's gearing of last year was 0.08832104. ==> 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
=8331.95/4313.22
=1.93172386

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6738.659/3102.526
=2.17199115

Akasaka Diesels's current ratio of this year was 1.93172386. Akasaka Diesels's current ratio of last year was 2.17199115. ==> Last year's current ratio is higher ==> Score 0.

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.

Akasaka Diesels's number of shares in issue this year was 1.339. Akasaka Diesels's number of shares in issue last year was 1.337. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1328.482/8333.678
=0.15941125

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1523.246/7845.996
=0.1941431

Akasaka Diesels's gross margin of this year was 0.15941125. Akasaka Diesels's gross margin of last year was 0.1941431. ==> 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)
=8333.678/14035.287
=0.59376613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7845.996/13831.053
=0.56727395

Akasaka Diesels's asset turnover of this year was 0.59376613. Akasaka Diesels's asset turnover of last year was 0.56727395. ==> 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+1+0+0+0+1
=6

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

Akasaka Diesels has an F-score of 6 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 6 mean?
Akasaka Diesels (TSE:6022) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Akasaka Diesels and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Akasaka Diesels' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Akasaka Diesels ranks #84 out of 321 companies in the Aerospace & Defense industry, placing it in the top 26.2%.
Is Akasaka Diesels' Piotroski F-Score too high?
Akasaka Diesels' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Akasaka Diesels' value of 6 is 20% above this industry median. Based on the distribution chart, Akasaka Diesels ranks #84 out of 321 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Akasaka Diesels has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akasaka Diesels' Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Akasaka Diesels ranks #84 out of 321 companies for Piotroski F-Score. This puts Akasaka Diesels in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Akasaka Diesels' value of 6 is 20% above this benchmark. Historically, Akasaka Diesels' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Akasaka Diesels 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 321 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. Akasaka Diesels's current Piotroski F-Score of 6 is 20% 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 Akasaka Diesels and its competitors. For the Aerospace & Defense 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. Akasaka Diesels's current Piotroski F-Score is 6, which is 20% above 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 Akasaka Diesels stock overvalued right now?
Based on GuruFocus' analysis, Akasaka Diesels (TSE:6022) is currently considered Fairly Valued. The stock's GF Value™ is 円2,571.81, compared to a current price of 円2,514.00 — trading 2.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Aerospace & Defense industry median of 5.00. Akasaka Diesels' overall GF Score™ is 65/100 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 Akasaka Diesels (TSE:6022), the current Piotroski F-Score is 6 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 Akasaka Diesels (TSE:6022) Overvalued in 2026?

Based on GuruFocus' analysis, Akasaka Diesels stock appears to be undervalued. The current stock price of 円2,514.00 is trading 2.2% below its estimated GF Value™ of 円2,571.81. GuruFocus considers Akasaka Diesels to be Fairly Valued.

Key valuation signals for TSE:6022:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円2,571.81 vs. price of 円2,514.00 (2.2% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 20% above the Aerospace & Defense median (#84 of 321)

No single metric tells the full story. See the TSE:6022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Akasaka Diesels Business Description

Address 3-4-1,Marunouchi, 4th floor, Shin-Kokusai Building, Chiyoda-Ku, Tokyo, JPN, 100-0005
Akasaka Diesels Ltd is a Japan-based machinery manufacturing company. It is mainly engaged in the design, manufacture, and sale of the marine diesel engine and other machinery and equipment. It offers marine and industrial machinery products including 4stroke engine, 2stroke engine, remote controller, institution monitoring equipment, vibration, and noise reduction technology, and air motor. The company is also engaged in selling and leasing of marine equipment, oceanographic instruments, environmental pollution control equipment, satellite utilization measuring equipment, astronomical observation equipment, castings, and forged steel products.
65GF Score

Get the complete analysis for TSE:6022

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

円2,514.00
Price
円2,571.81
GF Value