SUS Co (TSE:6554) Piotroski F-Score: 9 (As of Jul. 20, 2026) — 50% Above Median

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TSE:6554 SUS Co Ltd TSE:6554
95 GF Score
Price 円1,025.00
GF Value 円1,135.36
Valuation Modestly Undervalued
View Full Analysis

What is SUS Co Piotroski F-Score?

SUS Co TSE:6554 -0.58% 95 Piotroski F-Score is 9 as of Jul. 20, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates TSE:6554 with a GF Score™ of 95/100 and a GF Value™ of 円1,135.36 (Modestly Undervalued). Among 557 Conglomerates companies, SUS Co ranks better than 99.82% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

SUS Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:6554' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 9

During the past 11 years, the highest Piotroski F-Score of SUS Co was 9. The lowest was 5. And the median was 6.

SUS Co  (TSE:6554) 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.


SUS Co Piotroski F-Score Related Terms


SUS Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SUS 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.

SUS Co Piotroski F-Score Chart

SUS Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 5.00 7.00 9.00

SUS Co Semi-Annual Data
Sep15 Sep16 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 0.00 7.00 0.00 9.00 0.00

TSE:6554 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, SUS 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.


SUS Co Piotroski F-Score vs Conglomerates Industry

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

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


TSE:6554
95GF Score
SUS Co Ltd TSE:6554
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円915 Mil.
Cash Flow from Operations was 円1,062 Mil.
Revenue was 円15,015 Mil.
Gross Profit was 円3,914 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (5650 + 6715) / 2 = 円6182.5 Mil.
Total Assets at the begining of this year (Sep24) was 円5,650 Mil.
Long-Term Debt & Capital Lease Obligation was 円3 Mil.
Total Current Assets was 円5,570 Mil.
Total Current Liabilities was 円2,321 Mil.
Net Income was 円602 Mil.

Revenue was 円13,219 Mil.
Gross Profit was 円3,322 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (5008 + 5650) / 2 = 円5329 Mil.
Total Assets at the begining of last year (Sep23) was 円5,008 Mil.
Long-Term Debt & Capital Lease Obligation was 円5 Mil.
Total Current Assets was 円4,780 Mil.
Total Current Liabilities was 円2,035 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.

SUS Co's current Net Income (TTM) was 915. ==> 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.

SUS Co's current Cash Flow from Operations (TTM) was 1,062. ==> 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 (Sep24)
=915/5650
=0.1619469

ROA (Last Year)=Net Income/Total Assets (Sep23)
=602/5008
=0.12020767

SUS Co's return on assets of this year was 0.1619469. SUS Co's return on assets of last year was 0.12020767. ==> 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.

SUS Co's current Net Income (TTM) was 915. SUS Co's current Cash Flow from Operations (TTM) was 1,062. ==> 1,062 > 915 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=3/6182.5
=0.00048524

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=5/5329
=0.00093826

SUS Co's gearing of this year was 0.00048524. SUS Co's gearing of last year was 0.00093826. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=5570/2321
=2.39982766

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=4780/2035
=2.34889435

SUS Co's current ratio of this year was 2.39982766. SUS Co's current ratio of last year was 2.34889435. ==> 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.

SUS Co's number of shares in issue this year was 8.988. SUS Co's number of shares in issue last year was 9.085. ==> 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
=3914/15015
=0.26067266

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3322/13219
=0.25130494

SUS Co's gross margin of this year was 0.26067266. SUS Co's gross margin of last year was 0.25130494. ==> 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 (Sep24)
=15015/5650
=2.65752212

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=13219/5008
=2.63957668

SUS Co's asset turnover of this year was 2.65752212. SUS Co's asset turnover of last year was 2.63957668. ==> 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
=1+1+1+1+1+1+1+1+1
=9

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

SUS Co has an F-score of 9. 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 9 mean?
SUS Co (TSE:6554) has a Piotroski F-Score of 9 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SUS Co and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, SUS Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, SUS Co ranks #1 out of 557 companies in the Conglomerates industry, placing it in the top 0.2%.
Is SUS Co's Piotroski F-Score too high?
SUS Co's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. SUS Co's value of 9 is 80% above this industry median. Based on the distribution chart, SUS Co ranks #1 out of 557 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, SUS Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SUS Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, SUS Co ranks #1 out of 557 companies for Piotroski F-Score. This places SUS Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SUS Co's value of 9 is 80% above this benchmark. Historically, SUS Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, SUS 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 557 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. SUS Co's current Piotroski F-Score of 9 is 80% 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 SUS Co and its competitors. For the Conglomerates 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. SUS Co's current Piotroski F-Score is 9, which is 50% above 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 SUS Co stock overvalued right now?
Based on GuruFocus' analysis, SUS Co (TSE:6554) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,135.36, compared to a current price of 円1,025.00 — trading 9.7% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Conglomerates industry median of 5.00. SUS Co's overall GF Score™ is 95/100. 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 SUS Co (TSE:6554), the current Piotroski F-Score is 9 as of Jul. 20, 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 SUS Co (TSE:6554) Overvalued in 2026?

Based on GuruFocus' analysis, SUS Co stock appears to be undervalued. The current stock price of 円1,025.00 is trading 9.7% below its estimated GF Value™ of 円1,135.36. GuruFocus considers SUS Co to be Modestly Undervalued.

Key valuation signals for TSE:6554:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: 円1,135.36 vs. price of 円1,025.00 (9.7% below fair value)
  • GF Score™: 95/100
  • Industry Position: 80% above the Conglomerates median (#1 of 557)

No single metric tells the full story. See the TSE:6554 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SUS Co Business Description

Address 8, Naginatabokocho, Kyoto Mitsui Building, 5th Floor, ShijoKarasuma Higashiiru, Shimogyo-ku, Kyoto, JPN, 600-8008
SUS Co Ltd provides engineering outsourcing services in the fields of machinery, electricity, electronics, software, chemistry, and biotechnology. The reportable segments are the Solution Business, Consulting Business, and AR/VR Business. The Solutions Business engages in the dispatch of development and design engineers and other laborers, as well as business outsourcing. The Consulting Business provides consulting, implementation support, operation, maintenance, etc., using ERP software packages. The AR/VR Business develops AR/VR content and platforms that companies and educational institutions require.
95GF Score

Get the complete analysis for TSE:6554

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

円1,025.00
Price
円1,135.36
GF Value