Tsugami (TSE:6101) Piotroski F-Score: 5 (As of Aug. 23, 2026) — 29% Below Median

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TSE:6101 Tsugami Corp TSE:6101
55 GF Score
Price 円5,410.00
GF Value 円412.09
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tsugami Piotroski F-Score?

Tsugami TSE:6101 -3.22% 55 Piotroski F-Score is 5 as of Aug. 23, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates TSE:6101 with a GF Score™ of 55/100 and a GF Value™ of 円412.09 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Tsugami ranks better than 55.11% 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

Tsugami has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:6101' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 5

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

Tsugami  (TSE:6101) 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.


Tsugami Piotroski F-Score Related Terms


Tsugami Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tsugami'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.

Tsugami Piotroski F-Score Chart

Tsugami 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 6.00 7.00 7.00 5.00

Tsugami Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 7.00 7.00 6.00 6.00 5.00

TSE:6101 vs SNA, RBC, SWK: Piotroski F-Score Comparison

For the Tools & Accessories subindustry, Tsugami'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.


Tsugami Piotroski F-Score vs Industrial Products Industry

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

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


TSE:6101
55GF Score
Tsugami Corp TSE:6101
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 4212 + 2933 + 4768 + -4949 = 円6,964 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = 円0 Mil.
Revenue was 31787 + 28267 + 34083 + -68576 = 円25,561 Mil.
Gross Profit was 11741 + 10082 + 13001 + -27170 = 円7,654 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(127306 + 127291 + 130122 + 144654 + 154055) / 5 = 円136685.6 Mil.
Total Assets at the begining of this year (Mar25) was 円127,306 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円126,496 Mil.
Total Current Liabilities was 円41,086 Mil.
Net Income was 2705 + 2108 + 2951 + -1119 = 円6,645 Mil.

Revenue was 25731 + 24064 + 25094 + -47674 = 円27,215 Mil.
Gross Profit was 8914 + 7830 + 8884 + -19977 = 円5,651 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(117714 + 126409 + 118399 + 126385 + 127306) / 5 = 円123242.6 Mil.
Total Assets at the begining of last year (Mar24) was 円117,714 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円102,799 Mil.
Total Current Liabilities was 円38,317 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.

Tsugami's current Net Income (TTM) was 6,964. ==> 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.

Tsugami's current Cash Flow from Operations (TTM) was 0. ==> Negative ==> Score 0.

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)
=6964/127306
=0.05470284

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6645/117714
=0.05645038

Tsugami's return on assets of this year was 0.05470284. Tsugami's return on assets of last year was 0.05645038. ==> Last year is higher ==> Score 0.

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.

Tsugami's current Net Income (TTM) was 6,964. Tsugami's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 6,964 ==> 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
=0/136685.6
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/123242.6
=0

Tsugami's gearing of this year was 0. Tsugami's gearing of last year was 0. ==> 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
=126496/41086
=3.0788103

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=102799/38317
=2.68285617

Tsugami's current ratio of this year was 3.0788103. Tsugami's current ratio of last year was 2.68285617. ==> 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.

Tsugami's number of shares in issue this year was 46.976. Tsugami's number of shares in issue last year was 47.7. ==> 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
=7654/25561
=0.29944055

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5651/27215
=0.20764284

Tsugami's gross margin of this year was 0.29944055. Tsugami's gross margin of last year was 0.20764284. ==> 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)
=25561/127306
=0.20078394

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=27215/117714
=0.23119595

Tsugami's asset turnover of this year was 0.20078394. Tsugami's asset turnover of last year was 0.23119595. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+1+1+1+0
=5

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

Tsugami has an F-score of 5 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 5 mean?
Tsugami (TSE:6101) has a Piotroski F-Score of 5 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tsugami and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Tsugami's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Tsugami ranks #1336 out of 2976 companies in the Industrial Products industry, placing it in the top 44.9%.
Is Tsugami's Piotroski F-Score too high?
Tsugami's current Piotroski F-Score of 5 is 29% below 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 Industrial Products industry median Piotroski F-Score is 5.00. Tsugami's value of 5 is 0% at this industry median. Based on the distribution chart, Tsugami ranks #1336 out of 2976 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tsugami has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsugami's Piotroski F-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Tsugami ranks #1336 out of 2976 companies for Piotroski F-Score. This puts Tsugami in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tsugami's value of 5 is 0% at this benchmark. Historically, Tsugami'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, Tsugami has consistently been at 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 2,976 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. Tsugami's current Piotroski F-Score of 5 is 0% at 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 Tsugami 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. Tsugami's current Piotroski F-Score is 5, which is 29% below 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 Tsugami stock overvalued right now?
Based on GuruFocus' analysis, Tsugami (TSE:6101) is currently considered Significantly Overvalued. The stock's GF Value™ is 円412.09, compared to a current price of 円5,410.00 — trading 1212.8% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Industrial Products industry median of 5.00. Tsugami's overall GF Score™ is 55/100 with 3 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 Tsugami (TSE:6101), the current Piotroski F-Score is 5 as of Aug. 23, 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 Tsugami (TSE:6101) Overvalued in 2026?

Based on GuruFocus' analysis, Tsugami stock appears to be overvalued. The current stock price of 円5,410.00 is trading 1212.8% above its estimated GF Value™ of 円412.09. GuruFocus considers Tsugami to be Significantly Overvalued.

Key valuation signals for TSE:6101:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: 円412.09 vs. price of 円5,410.00 (1212.8% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 0% at the Industrial Products median (#1336 of 2976)

No single metric tells the full story. See the TSE:6101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsugami Business Description

Address 1-9-10 Horidome chou Nihonbash, Chuo-ku, Tokyo, JPN, 103-0012
Tsugami Corp is engaged in the manufacture and sale of precision machine tools. The company's products consist of automatic lathes, grinding machines, machining centers, rolling machines and other working equipment. It operates in three geographical segments. The Japan and China segment manufactures and sells machine tools. Its South Korea segment is involved in the sale of the company's product.
55GF Score

Get the complete analysis for TSE:6101

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

円5,410.00
Price
円412.09
GF Value