Ishikawa Seisakusho (TSE:6208) Piotroski F-Score: 4 (As of Jun. 29, 2026) — 33% Below Median


TSE:6208 Ishikawa Seisakusho Ltd TSE:6208
73 GF Score
Price 円1,730.00
GF Value 円1,975.82
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Ishikawa Seisakusho Piotroski F-Score?

Ishikawa Seisakusho TSE:6208 +2.31% 73 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:6208 with a GF Score™ of 73/100 and a GF Value™ of 円1,975.82 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,971 Industrial Products companies, Ishikawa Seisakusho ranks worse than 65.2% 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

Ishikawa Seisakusho has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:6208' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Ishikawa Seisakusho was 8. The lowest was 4. And the median was 6.

Ishikawa Seisakusho  (TSE:6208) 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.


Ishikawa Seisakusho Piotroski F-Score Related Terms


Ishikawa Seisakusho Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ishikawa Seisakusho'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.

Ishikawa Seisakusho Piotroski F-Score Chart

Ishikawa Seisakusho 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 8.00 7.00 6.00 6.00 4.00

Ishikawa Seisakusho 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 6.00 0.00 4.00

TSE:6208 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Ishikawa Seisakusho'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.


Ishikawa Seisakusho Piotroski F-Score vs Industrial Products Industry

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

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


TSE:6208
73GF Score
Ishikawa Seisakusho Ltd TSE:6208
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638 Mil.
Cash Flow from Operations was 円-3,438 Mil.
Revenue was 円18,473 Mil.
Gross Profit was 円3,235 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (20839.172 + 27015.433) / 2 = 円23927.3025 Mil.
Total Assets at the begining of this year (Mar25) was 円20,839 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,657 Mil.
Total Current Assets was 円21,312 Mil.
Total Current Liabilities was 円17,743 Mil.
Net Income was 円424 Mil.

Revenue was 円16,204 Mil.
Gross Profit was 円2,497 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (16799.184 + 20839.172) / 2 = 円18819.178 Mil.
Total Assets at the begining of last year (Mar24) was 円16,799 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,178 Mil.
Total Current Assets was 円15,992 Mil.
Total Current Liabilities was 円13,136 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.

Ishikawa Seisakusho's current Net Income (TTM) was 638. ==> 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.

Ishikawa Seisakusho's current Cash Flow from Operations (TTM) was -3,438. ==> 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)
=637.75/20839.172
=0.03060342

ROA (Last Year)=Net Income/Total Assets (Mar24)
=423.589/16799.184
=0.02521486

Ishikawa Seisakusho's return on assets of this year was 0.03060342. Ishikawa Seisakusho's return on assets of last year was 0.02521486. ==> 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.

Ishikawa Seisakusho's current Net Income (TTM) was 638. Ishikawa Seisakusho's current Cash Flow from Operations (TTM) was -3,438. ==> -3,438 <= 638 ==> 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
=1657.458/23927.3025
=0.06927057

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1178.32/18819.178
=0.06261272

Ishikawa Seisakusho's gearing of this year was 0.06927057. Ishikawa Seisakusho's gearing of last year was 0.06261272. ==> 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
=21311.809/17743.316
=1.20111759

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15992.226/13136.089
=1.21742674

Ishikawa Seisakusho's current ratio of this year was 1.20111759. Ishikawa Seisakusho's current ratio of last year was 1.21742674. ==> 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.

Ishikawa Seisakusho's number of shares in issue this year was 6.237. Ishikawa Seisakusho's number of shares in issue last year was 6.379. ==> 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
=3235.339/18473.18
=0.17513709

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2497.243/16203.896
=0.15411374

Ishikawa Seisakusho's gross margin of this year was 0.17513709. Ishikawa Seisakusho's gross margin of last year was 0.15411374. ==> 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)
=18473.18/20839.172
=0.8864642

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=16203.896/16799.184
=0.96456447

Ishikawa Seisakusho's asset turnover of this year was 0.8864642. Ishikawa Seisakusho's asset turnover of last year was 0.96456447. ==> 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+1+0+0+0+1+1+0
=4

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

Ishikawa Seisakusho has an F-score of 4 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 4 mean?
Ishikawa Seisakusho (TSE:6208) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ishikawa Seisakusho and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Ishikawa Seisakusho's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Ishikawa Seisakusho ranks #1937 out of 2971 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Ishikawa Seisakusho's Piotroski F-Score too high?
Ishikawa Seisakusho's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. 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. Ishikawa Seisakusho's value of 4 is 20% below this industry median. Based on the distribution chart, Ishikawa Seisakusho ranks #1937 out of 2971 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ishikawa Seisakusho has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ishikawa Seisakusho's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ishikawa Seisakusho ranks #1937 out of 2971 companies for Piotroski F-Score. This places Ishikawa Seisakusho in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ishikawa Seisakusho's value of 4 is 20% below this benchmark. Historically, Ishikawa Seisakusho'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 6.00 vs. the industry median of 5.00, Ishikawa Seisakusho has consistently been below 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 2,971 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. Ishikawa Seisakusho's current Piotroski F-Score of 4 is 20% below 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 Ishikawa Seisakusho 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. Ishikawa Seisakusho's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ishikawa Seisakusho stock overvalued right now?
Based on GuruFocus' analysis, Ishikawa Seisakusho (TSE:6208) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,975.82, compared to a current price of 円1,730.00 — trading 12.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Industrial Products industry median of 5.00. Ishikawa Seisakusho's overall GF Score™ is 73/100 with 7 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 Ishikawa Seisakusho (TSE:6208), the current Piotroski F-Score is 4 as of Jun. 29, 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 Ishikawa Seisakusho (TSE:6208) Overvalued in 2026?

Based on GuruFocus' analysis, Ishikawa Seisakusho stock appears to be undervalued. The current stock price of 円1,730.00 is trading 12.4% below its estimated GF Value™ of 円1,975.82. GuruFocus considers Ishikawa Seisakusho to be Modestly Undervalued.

Key valuation signals for TSE:6208:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: 円1,975.82 vs. price of 円1,730.00 (12.4% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 20% below the Industrial Products median (#1937 of 2971)

No single metric tells the full story. See the TSE:6208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ishikawa Seisakusho Business Description

Address 200 Fukudome-cho, Ishikawa Prefecture, Hakusan City, JPN, 924-0051
Ishikawa Seisakusho Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the manufacturing and sale of various machines and equipment. Products offered by the company include a paper processing machine, cardboard box printing machine, textile machine system equipment, high-speed micro chip appearance inspection equipment, and defense equipment.
73GF Score

Get the complete analysis for TSE:6208

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

円1,730.00
Price
円1,975.82
GF Value