Maruyama MFG CoTSE:6316 -1.87%71 Piotroski F-Score is 6 as of Jul. 10, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:6316 with a GF Score™ of 71/100 and a GF Value™ of 円2,518.50 (Fairly Valued). The stock has 6 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Maruyama MFG Co ranks better than 77.88% 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
Maruyama MFG Co 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 Maruyama MFG Co's Piotroski F-Score or its related term are showing as below:
TSE:6316'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Maruyama MFG Co was 8. The lowest was 3. And the median was 6.
Maruyama MFG Co (TSE:6316) 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.
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.
Maruyama MFG Co Piotroski F-Score Related Terms
Maruyama MFG Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Maruyama MFG 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.
TSE:6316 vs CAT, DE, PCAR: Piotroski F-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Maruyama MFG 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.
Maruyama MFG Co Piotroski F-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Maruyama MFG Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Maruyama MFG Co's Piotroski F-Score falls into.
* 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.
*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.
Maruyama MFG Co's current Net Income (TTM) was 743.
==> 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.
Maruyama MFG Co's return on assets of this year was 0.01919599. Maruyama MFG Co's return on assets of last year was 0.01625242.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Maruyama MFG Co's gearing of this year was 0.03842842. Maruyama MFG Co's gearing of last year was 0.03637376.
==> 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
Maruyama MFG Co's current ratio of this year was 1.50630392. Maruyama MFG Co's current ratio of last year was 1.46111146.
==> 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.
Maruyama MFG Co's number of shares in issue this year was 4.032. Maruyama MFG Co's number of shares in issue last year was 4.226.
==> 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.
Maruyama MFG Co's gross margin of this year was 0.25737896. Maruyama MFG Co's gross margin of last year was 0.25773634.
==> 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
Maruyama MFG Co's asset turnover of this year was 1.06613962. Maruyama MFG Co's asset turnover of last year was 1.08910244.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Maruyama MFG Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Maruyama MFG Co (TSE:6316) has a Piotroski F-Score of 6 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Maruyama MFG Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Maruyama MFG Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Maruyama MFG Co ranks #46 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 22.1%.
Is Maruyama MFG Co's Piotroski F-Score too high?
Maruyama MFG Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Maruyama MFG Co's value of 6 is 20% above this industry median. Based on the distribution chart, Maruyama MFG Co ranks #46 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Maruyama MFG Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maruyama MFG Co's Piotroski F-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Maruyama MFG Co ranks #46 out of 208 companies for Piotroski F-Score. This places Maruyama MFG Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Maruyama MFG Co's value of 6 is 20% above this benchmark. Historically, Maruyama MFG Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Maruyama MFG 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 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. Maruyama MFG Co'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 Maruyama MFG Co 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. Maruyama MFG Co's current Piotroski F-Score is 6, which is near 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 Maruyama MFG Co stock overvalued right now?
Based on GuruFocus' analysis, Maruyama MFG Co (TSE:6316) is currently considered Fairly Valued. The stock's GF Value™ is 円2,518.50, compared to a current price of 円2,628.00 — trading 4.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Farm & Heavy Construction Machinery industry median of 5.00. Maruyama MFG Co's overall GF Score™ is 71/100 with 6 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 Maruyama MFG Co (TSE:6316), the current Piotroski F-Score is 6 as of Jul. 10, 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 Maruyama MFG Co (TSE:6316) Overvalued in 2026?
Based on GuruFocus' analysis, Maruyama MFG Co stock appears to be overvalued.
The current stock price of 円2,628.00 is trading 4.3% above its estimated GF Value™ of 円2,518.50.
GuruFocus considers Maruyama MFG Co to be Fairly Valued.
Key valuation signals for TSE:6316:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円2,518.50 vs. price of 円2,628.00 (4.3% above fair value)
Industry Position: 20% above the Farm & Heavy Construction Machinery median (#46 of 208)
No single metric tells the full story. See the TSE:6316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maruyama MFG Co Inc is a Japan-based company engaged in the manufacture and sale of agricultural machines and environmental sanitation machines. It also manufactures and sells firefighting equipment, industrial pumps, cleaning equipment, construction machinery, engines, cars and other vehicles used for agriculture. In addition, the group is also involved in the contracted design, construction of plumbing and fire-prevention equipment real estate and leasing business. The group conducts its business operations in Japan and internationally.
71GF Score
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