Toyo EngineeringTSE:6330 +0.20%46 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:6330 with a GF Score™ of 46/100 and a GF Value™ of 円656.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,731 Construction companies, Toyo Engineering ranks worse than 65.28% 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
Toyo Engineering 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 Toyo Engineering's Piotroski F-Score or its related term are showing as below:
TSE:6330'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Toyo Engineering was 7. The lowest was 2. And the median was 5.
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.
Toyo Engineering Piotroski F-Score Related Terms
Toyo Engineering Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Toyo Engineering'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:6330 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Toyo Engineering'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.
Toyo Engineering Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Toyo Engineering's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Toyo Engineering'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.
Toyo Engineering's current Net Income (TTM) was -14,944.
==> Negative ==> Score 0.
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.
Toyo Engineering's return on assets of this year was -0.05214272. Toyo Engineering's return on assets of last year was 0.00706304.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Toyo Engineering's gearing of this year was 0.0896663. Toyo Engineering's gearing of last year was 0.12031911.
==> 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
Toyo Engineering's current ratio of this year was 1.17340025. Toyo Engineering's current ratio of last year was 1.33712042.
==> 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.
Toyo Engineering's number of shares in issue this year was 58.599. Toyo Engineering's number of shares in issue last year was 58.599.
==> 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.
Toyo Engineering's gross margin of this year was 0.03524634. Toyo Engineering's gross margin of last year was 0.09381102.
==> 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
Toyo Engineering's asset turnover of this year was 0.63831918. Toyo Engineering's asset turnover of last year was 0.97235975.
==> 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
Toyo Engineering has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Toyo Engineering (TSE:6330) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Toyo Engineering and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Toyo Engineering's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Toyo Engineering ranks #1130 out of 1731 companies in the Construction industry, placing it in the top 65.3%.
Is Toyo Engineering's Piotroski F-Score too high?
Toyo Engineering's current Piotroski F-Score of 4 is 20% 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 Construction industry median Piotroski F-Score is 5.00. Toyo Engineering's value of 4 is 20% below this industry median. Based on the distribution chart, Toyo Engineering ranks #1130 out of 1731 companies in the Construction industry, which is below the industry midpoint. Overall, Toyo Engineering has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Engineering's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Toyo Engineering ranks #1130 out of 1731 companies for Piotroski F-Score. This places Toyo Engineering in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Toyo Engineering's value of 4 is 20% below this benchmark. Historically, Toyo Engineering'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, Toyo Engineering 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Toyo Engineering'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 Toyo Engineering and its competitors. For the Construction 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. Toyo Engineering's current Piotroski F-Score is 4, which is 20% 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 Toyo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Toyo Engineering (TSE:6330) is currently considered Significantly Overvalued. The stock's GF Value™ is 円656.69, compared to a current price of 円1,979.00 — trading 201.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Construction industry median of 5.00. Toyo Engineering's overall GF Score™ is 46/100 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 Toyo Engineering (TSE:6330), the current Piotroski F-Score is 4 as of Jul. 09, 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 Toyo Engineering (TSE:6330) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Engineering stock appears to be overvalued.
The current stock price of 円1,979.00 is trading 201.4% above its estimated GF Value™ of 円656.69.
GuruFocus considers Toyo Engineering to be Significantly Overvalued.
Key valuation signals for TSE:6330:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: 円656.69 vs. price of 円1,979.00 (201.4% above fair value)
Industry Position: 20% below the Construction median (#1130 of 1731)
No single metric tells the full story. See the TSE:6330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Engineering Corp provides engineering and construction services for industrial facilities. It designs, procures materials, builds, and offers technical assistance for oil and gas, petrochemicals, water treatment, transportation, power generation, and other industrial markets. Project management skills partnered with technological solutions allow the company to offer customized solutions and manufacture various power plants and infrastructure projects. Toyo operates three business groups: engineering, procurement, and construction (the majority of total revenue); IT; and real estate. A global network of employees gathers data from customers, and company locations are spread across Asia, North America, and South America to collect regional information.
46GF Score
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