Okada Aiyon (TSE:6294) Piotroski F-Score: 2 (As of Jul. 11, 2026) — 60% Below Median


TSE:6294 Okada Aiyon Corp TSE:6294
85 GF Score
Price 円2,000.00
GF Value 円2,286.93
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Okada Aiyon Piotroski F-Score?

Okada Aiyon TSE:6294 +0.50% 85 Piotroski F-Score is 2 as of Jul. 11, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates TSE:6294 with a GF Score™ of 85/100 and a GF Value™ of 円2,286.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Okada Aiyon ranks worse than 95.67% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Okada Aiyon has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

TSE:6294' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 13 years, the highest Piotroski F-Score of Okada Aiyon was 7. The lowest was 2. And the median was 5.

Okada Aiyon  (TSE:6294) 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.


Okada Aiyon Piotroski F-Score Related Terms


Okada Aiyon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Okada Aiyon'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.

Okada Aiyon Piotroski F-Score Chart

Okada Aiyon 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 6.00 3.00 2.00

Okada Aiyon 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 2.00

TSE:6294 vs CAT, DE, PCAR: Piotroski F-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, Okada Aiyon'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.


Okada Aiyon Piotroski F-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Okada Aiyon's Piotroski F-Score distribution charts can be found below:

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


TSE:6294
85GF Score
Okada Aiyon Corp TSE:6294
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1,492 Mil.
Cash Flow from Operations was 円-191 Mil.
Revenue was 円26,991 Mil.
Gross Profit was 円7,993 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (35994.704 + 39984.449) / 2 = 円37989.5765 Mil.
Total Assets at the begining of this year (Mar25) was 円35,995 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,002 Mil.
Total Current Assets was 円25,382 Mil.
Total Current Liabilities was 円17,116 Mil.
Net Income was 円1,475 Mil.

Revenue was 円26,583 Mil.
Gross Profit was 円7,859 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (34008.285 + 35994.704) / 2 = 円35001.4945 Mil.
Total Assets at the begining of last year (Mar24) was 円34,008 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,332 Mil.
Total Current Assets was 円24,504 Mil.
Total Current Liabilities was 円15,682 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.

Okada Aiyon's current Net Income (TTM) was 1,492. ==> 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.

Okada Aiyon's current Cash Flow from Operations (TTM) was -191. ==> 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)
=1491.882/35994.704
=0.04144726

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1475.214/34008.285
=0.04337808

Okada Aiyon's return on assets of this year was 0.04144726. Okada Aiyon's return on assets of last year was 0.04337808. ==> 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.

Okada Aiyon's current Net Income (TTM) was 1,492. Okada Aiyon's current Cash Flow from Operations (TTM) was -191. ==> -191 <= 1,492 ==> 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
=4001.767/37989.5765
=0.10533855

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2332.154/35001.4945
=0.06663013

Okada Aiyon's gearing of this year was 0.10533855. Okada Aiyon's gearing of last year was 0.06663013. ==> 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
=25382.388/17116.229
=1.48294277

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=24503.714/15682.261
=1.56251155

Okada Aiyon's current ratio of this year was 1.48294277. Okada Aiyon's current ratio of last year was 1.56251155. ==> 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.

Okada Aiyon's number of shares in issue this year was 8.052. Okada Aiyon's number of shares in issue last year was 8.041. ==> 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
=7992.676/26991.439
=0.29611893

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7858.678/26582.659
=0.29563175

Okada Aiyon's gross margin of this year was 0.29611893. Okada Aiyon's gross margin of last year was 0.29563175. ==> 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)
=26991.439/35994.704
=0.74987251

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=26582.659/34008.285
=0.78165244

Okada Aiyon's asset turnover of this year was 0.74987251. Okada Aiyon's asset turnover of last year was 0.78165244. ==> 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+0+0+0+1+0
=2

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

Okada Aiyon has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Okada Aiyon (TSE:6294) has a Piotroski F-Score of 2 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Okada Aiyon and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Okada Aiyon's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Okada Aiyon ranks #199 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 95.7%.
Is Okada Aiyon's Piotroski F-Score too high?
Okada Aiyon's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Okada Aiyon's value of 2 is 60% below this industry median. Based on the distribution chart, Okada Aiyon ranks #199 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Okada Aiyon has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Okada Aiyon's Piotroski F-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Okada Aiyon ranks #199 out of 208 companies for Piotroski F-Score. This places Okada Aiyon in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Okada Aiyon's value of 2 is 60% below this benchmark. Historically, Okada Aiyon's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Okada Aiyon 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 a Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 208 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. Okada Aiyon's current Piotroski F-Score of 2 is 60% 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 Okada Aiyon and its competitors. For the Farm & Heavy Construction Machinery 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. Okada Aiyon's current Piotroski F-Score is 2, which is 60% below 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 Okada Aiyon stock overvalued right now?
Based on GuruFocus' analysis, Okada Aiyon (TSE:6294) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,286.93, compared to a current price of 円2,000.00 — trading 12.5% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Farm & Heavy Construction Machinery industry median of 5.00. Okada Aiyon's overall GF Score™ is 85/100 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 Okada Aiyon (TSE:6294), the current Piotroski F-Score is 2 as of Jul. 11, 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 Okada Aiyon (TSE:6294) Overvalued in 2026?

Based on GuruFocus' analysis, Okada Aiyon stock appears to be undervalued. The current stock price of 円2,000.00 is trading 12.5% below its estimated GF Value™ of 円2,286.93. GuruFocus considers Okada Aiyon to be Modestly Undervalued.

Key valuation signals for TSE:6294:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: 円2,286.93 vs. price of 円2,000.00 (12.5% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 60% below the Farm & Heavy Construction Machinery median (#199 of 208)

No single metric tells the full story. See the TSE:6294 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okada Aiyon Business Description

Address 4-1-18, Kaigan-dori, Minato-ku, Osaka, JPN, 5520022
Okada Aiyon Corp manufactures and sells demolition equipment principally in Japan. Its products include breakers, primary crushers, pulverizers, cutters, magnets, grapples, screens, wood smashers, attachments, and parts, as well as drills, recycling machines, and materials. Geographically, the company generates the majority of its revenue from the domestic market.
85GF Score

Get the complete analysis for TSE:6294

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

円2,000.00
Price
円2,286.93
GF Value