Ogura Clutch Co (TSE:6408) Piotroski F-Score: 8 (As of Jul. 13, 2026) — 14% Above Median

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TSE:6408 Ogura Clutch Co Ltd TSE:6408
61 GF Score
Price 円4,015.00
GF Value 円3,120.84
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Ogura Clutch Co Piotroski F-Score?

Ogura Clutch Co TSE:6408 +0.63% 61 Piotroski F-Score is 8 as of Jul. 13, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:6408 with a GF Score™ of 61/100 and a GF Value™ of 円3,120.84 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,971 Industrial Products companies, Ogura Clutch Co ranks better than 97.91% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Ogura Clutch Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:6408' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Ogura Clutch Co was 9. The lowest was 3. And the median was 7.

Ogura Clutch Co  (TSE:6408) 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.


Ogura Clutch Co Piotroski F-Score Related Terms


Ogura Clutch Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ogura Clutch 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.

Ogura Clutch Co Piotroski F-Score Chart

Ogura Clutch Co 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 4.00 8.00 4.00 9.00 8.00

Ogura Clutch Co 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 4.00 0.00 9.00 0.00 8.00

TSE:6408 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Ogura Clutch 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.


Ogura Clutch Co Piotroski F-Score vs Industrial Products Industry

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

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


TSE:6408
61GF Score
Ogura Clutch Co Ltd TSE:6408
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1,502 Mil.
Cash Flow from Operations was 円1,614 Mil.
Revenue was 円41,664 Mil.
Gross Profit was 円7,310 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (47013 + 47286) / 2 = 円47149.5 Mil.
Total Assets at the begining of this year (Mar25) was 円47,013 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,858 Mil.
Total Current Assets was 円31,334 Mil.
Total Current Liabilities was 円20,752 Mil.
Net Income was 円1,162 Mil.

Revenue was 円43,907 Mil.
Gross Profit was 円6,747 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (48599 + 47013) / 2 = 円47806 Mil.
Total Assets at the begining of last year (Mar24) was 円48,599 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,402 Mil.
Total Current Assets was 円31,118 Mil.
Total Current Liabilities was 円22,087 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.

Ogura Clutch Co's current Net Income (TTM) was 1,502. ==> 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.

Ogura Clutch Co's current Cash Flow from Operations (TTM) was 1,614. ==> Positive ==> Score 1.

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)
=1502/47013
=0.03194861

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1162/48599
=0.02390996

Ogura Clutch Co's return on assets of this year was 0.03194861. Ogura Clutch Co's return on assets of last year was 0.02390996. ==> 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.

Ogura Clutch Co's current Net Income (TTM) was 1,502. Ogura Clutch Co's current Cash Flow from Operations (TTM) was 1,614. ==> 1,614 > 1,502 ==> CFROA > ROA ==> Score 1.

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
=4858/47149.5
=0.10303397

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5402/47806
=0.11299837

Ogura Clutch Co's gearing of this year was 0.10303397. Ogura Clutch Co's gearing of last year was 0.11299837. ==> 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
=31334/20752
=1.50992675

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=31118/22087
=1.40888305

Ogura Clutch Co's current ratio of this year was 1.50992675. Ogura Clutch Co's current ratio of last year was 1.40888305. ==> 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.

Ogura Clutch Co's number of shares in issue this year was 1.496. Ogura Clutch Co's number of shares in issue last year was 1.496. ==> 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
=7310/41664
=0.17545123

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6747/43907
=0.1536657

Ogura Clutch Co's gross margin of this year was 0.17545123. Ogura Clutch Co's gross margin of last year was 0.1536657. ==> 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)
=41664/47013
=0.88622296

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=43907/48599
=0.9034548

Ogura Clutch Co's asset turnover of this year was 0.88622296. Ogura Clutch Co's asset turnover of last year was 0.9034548. ==> 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+1+1+1+1+1+1+1+0
=8

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

Ogura Clutch Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Ogura Clutch Co (TSE:6408) has a Piotroski F-Score of 8 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ogura Clutch Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Ogura Clutch Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Ogura Clutch Co ranks #62 out of 2971 companies in the Industrial Products industry, placing it in the top 2.1%.
Is Ogura Clutch Co's Piotroski F-Score too high?
Ogura Clutch Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Ogura Clutch Co's value of 8 is 60% above this industry median. Based on the distribution chart, Ogura Clutch Co ranks #62 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ogura Clutch Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ogura Clutch Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ogura Clutch Co ranks #62 out of 2971 companies for Piotroski F-Score. This places Ogura Clutch Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ogura Clutch Co's value of 8 is 60% above this benchmark. Historically, Ogura Clutch Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Ogura Clutch 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 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. Ogura Clutch Co's current Piotroski F-Score of 8 is 60% 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 Ogura Clutch Co 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. Ogura Clutch Co's current Piotroski F-Score is 8, which is 14% above 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 Ogura Clutch Co stock overvalued right now?
Based on GuruFocus' analysis, Ogura Clutch Co (TSE:6408) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,120.84, compared to a current price of 円4,015.00 — trading 28.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Industrial Products industry median of 5.00. Ogura Clutch Co's overall GF Score™ is 61/100 with 4 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 Ogura Clutch Co (TSE:6408), the current Piotroski F-Score is 8 as of Jul. 13, 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 Ogura Clutch Co (TSE:6408) Overvalued in 2026?

Based on GuruFocus' analysis, Ogura Clutch Co stock appears to be overvalued. The current stock price of 円4,015.00 is trading 28.7% above its estimated GF Value™ of 円3,120.84. GuruFocus considers Ogura Clutch Co to be Modestly Overvalued.

Key valuation signals for TSE:6408:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円3,120.84 vs. price of 円4,015.00 (28.7% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 60% above the Industrial Products median (#62 of 2971)

No single metric tells the full story. See the TSE:6408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ogura Clutch Co Business Description

Address 2-678, Aioi-cho, Gumma Perfecture, Kiryu, JPN
Ogura Clutch Co Ltd. is engaged in manufacturing and selling of various types of clutch brakes for office machines, machine tools, construction machines and industrial machines, fiber tensioner, automotive A/C clutches, superchargers, power clutches, oil mist separators, high-pressure coolant systems, disaster prevention systems, among others.
61GF Score

Get the complete analysis for TSE:6408

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

円4,015.00
Price
円3,120.84
GF Value