THK Co (TSE:6481) Piotroski F-Score: 5 (As of Jul. 15, 2026) — Near Median

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TSE:6481 THK Co Ltd TSE:6481
55 GF Score
Price 円7,436.00
GF Value 円2,826.83
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is THK Co Piotroski F-Score?

THK Co TSE:6481 +2.96% 55 Piotroski F-Score is 5 as of Jul. 15, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:6481 with a GF Score™ of 55/100 and a GF Value™ of 円2,826.83 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,970 Industrial Products companies, THK Co ranks better than 56.46% 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

THK Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:6481' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of THK Co was 9. The lowest was 3. And the median was 5.

THK Co  (TSE:6481) 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.


THK Co Piotroski F-Score Related Terms


THK Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for THK 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.

THK Co Piotroski F-Score Chart

THK Co Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 5.00 6.00 4.00

THK Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 6.00 5.00 4.00 5.00

TSE:6481 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, THK 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.


THK Co Piotroski F-Score vs Industrial Products Industry

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

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


TSE:6481
55GF Score
THK Co Ltd TSE:6481
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 3408 + 1527 + -75145 + 4491 = 円-65,719 Mil.
Cash Flow from Operations was 13524 + 8344 + 0 + 2995 = 円24,863 Mil.
Revenue was 91300 + 91981 + -27783 + 69043 = 円224,541 Mil.
Gross Profit was 20936 + 20584 + 10483 + 22882 = 円74,885 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(514024 + 515511 + 525086 + 472992 + 480619) / 5 = 円501646.4 Mil.
Total Assets at the begining of this year (Mar25) was 円514,024 Mil.
Long-Term Debt & Capital Lease Obligation was 円80,000 Mil.
Total Current Assets was 円294,036 Mil.
Total Current Liabilities was 円131,221 Mil.
Net Income was 5252 + 1977 + 1249 + 319 = 円8,797 Mil.

Revenue was 94723 + 85279 + -42393 + 84946 = 円222,555 Mil.
Gross Profit was 21702 + 20623 + 7750 + 18492 = 円68,567 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(568225 + 586776 + 547172 + 567418 + 514024) / 5 = 円556723 Mil.
Total Assets at the begining of last year (Mar24) was 円568,225 Mil.
Long-Term Debt & Capital Lease Obligation was 円70,000 Mil.
Total Current Assets was 円281,320 Mil.
Total Current Liabilities was 円93,680 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.

THK Co's current Net Income (TTM) was -65,719. ==> 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.

Score 1 if positive, 0 if negative.

THK Co's current Cash Flow from Operations (TTM) was 24,863. ==> 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)
=-65719/514024
=-0.12785201

ROA (Last Year)=Net Income/Total Assets (Mar24)
=8797/568225
=0.01548154

THK Co's return on assets of this year was -0.12785201. THK Co's return on assets of last year was 0.01548154. ==> 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.

THK Co's current Net Income (TTM) was -65,719. THK Co's current Cash Flow from Operations (TTM) was 24,863. ==> 24,863 > -65,719 ==> 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
=80000/501646.4
=0.15947488

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=70000/556723
=0.12573578

THK Co's gearing of this year was 0.15947488. THK Co's gearing of last year was 0.12573578. ==> 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
=294036/131221
=2.24076939

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=281320/93680
=3.0029889

THK Co's current ratio of this year was 2.24076939. THK Co's current ratio of last year was 3.0029889. ==> 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.

THK Co's number of shares in issue this year was 112.023. THK Co's number of shares in issue last year was 116. ==> 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
=74885/224541
=0.33350257

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=68567/222555
=0.30809014

THK Co's gross margin of this year was 0.33350257. THK Co's gross margin of last year was 0.30809014. ==> 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)
=224541/514024
=0.4368298

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=222555/568225
=0.39166703

THK Co's asset turnover of this year was 0.4368298. THK Co's asset turnover of last year was 0.39166703. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+0+0+1+1+1
=5

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

THK Co has an F-score of 5 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 5 mean?
THK Co (TSE:6481) has a Piotroski F-Score of 5 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on THK Co and its competitors. This is near median its historical median of 5.00. Over the past decade, THK Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, THK Co ranks #1293 out of 2970 companies in the Industrial Products industry, placing it in the top 43.5%.
Is THK Co's Piotroski F-Score too high?
THK Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. 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. THK Co's value of 5 is 0% at this industry median. Based on the distribution chart, THK Co ranks #1293 out of 2970 companies in the Industrial Products industry, which is above the industry midpoint. Overall, THK Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does THK Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, THK Co ranks #1293 out of 2970 companies for Piotroski F-Score. This puts THK Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. THK Co's value of 5 is 0% at this benchmark. Historically, THK 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 5.00 vs. the industry median of 5.00, THK Co has consistently been at 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 2,970 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. THK Co's current Piotroski F-Score of 5 is 0% at 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 THK 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. THK Co's current Piotroski F-Score is 5, which is near 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 THK Co stock overvalued right now?
Based on GuruFocus' analysis, THK Co (TSE:6481) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,826.83, compared to a current price of 円7,436.00 — trading 163.1% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Industrial Products industry median of 5.00. THK Co's overall GF Score™ is 55/100 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 THK Co (TSE:6481), the current Piotroski F-Score is 5 as of Jul. 15, 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 THK Co (TSE:6481) Overvalued in 2026?

Based on GuruFocus' analysis, THK Co stock appears to be overvalued. The current stock price of 円7,436.00 is trading 163.1% above its estimated GF Value™ of 円2,826.83. GuruFocus considers THK Co to be Significantly Overvalued.

Key valuation signals for TSE:6481:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円2,826.83 vs. price of 円7,436.00 (163.1% above fair value)
  • GF Score™: 55/100 with 7 warning signs
  • Industry Position: 0% at the Industrial Products median (#1293 of 2970)

No single metric tells the full story. See the TSE:6481 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


THK Co Business Description

Other Exchanges THKLY:USA1TK:Germany
Address 2-12-10 Shibaura, Minato-ku, Tokyo, JPN, 108-8506
THK Co Ltd is a Japan-based company that manufactures and sells mechanical components such as LM guides, ball screws, and transportation equipment components, including link balls and suspension ball joints. The company operates through five reportable segments based on regional manufacturing and sales systems: Japan, Americas, Europe, China, and Other. It generates the majority of its revenue from Japan.
55GF Score

Get the complete analysis for TSE:6481

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

円7,436.00
Price
円2,826.83
GF Value