Shikino High Tech Co (TSE:6614) Piotroski F-Score: 3 (As of Jul. 17, 2026) — 50% Below Median

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TSE:6614 Shikino High Tech Co Ltd TSE:6614
61 GF Score
Price 円930.00
GF Value 円1,223.00
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Shikino High Tech Co Piotroski F-Score?

Shikino High Tech Co TSE:6614 -6.81% 61 Piotroski F-Score is 3 as of Jul. 17, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TSE:6614 with a GF Score™ of 61/100 and a GF Value™ of 円1,223.00 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 989 Semiconductors companies, Shikino High Tech Co ranks worse than 78.67% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Shikino High Tech Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TSE:6614' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 8 years, the highest Piotroski F-Score of Shikino High Tech Co was 8. The lowest was 3. And the median was 6.

Shikino High Tech Co  (TSE:6614) 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.


Shikino High Tech Co Piotroski F-Score Related Terms


Shikino High Tech Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shikino High Tech 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.

Shikino High Tech Co Piotroski F-Score Chart

Shikino High Tech Co Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 6.00 5.00 4.00 3.00

Shikino High Tech Co Semi-Annual Data
Mar19 Mar20 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 5.00 0.00 4.00 0.00 3.00

TSE:6614 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, Shikino High Tech 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.


Shikino High Tech Co Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Shikino High Tech Co's Piotroski F-Score distribution charts can be found below:

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


TSE:6614
61GF Score
Shikino High Tech Co Ltd TSE:6614
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-110 Mil.
Cash Flow from Operations was 円-961 Mil.
Revenue was 円6,486 Mil.
Gross Profit was 円961 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5412.535 + 5765.61) / 2 = 円5589.0725 Mil.
Total Assets at the begining of this year (Mar25) was 円5,413 Mil.
Long-Term Debt & Capital Lease Obligation was 円212 Mil.
Total Current Assets was 円3,961 Mil.
Total Current Liabilities was 円2,219 Mil.
Net Income was 円-15 Mil.

Revenue was 円6,516 Mil.
Gross Profit was 円1,296 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5754.517 + 5412.535) / 2 = 円5583.526 Mil.
Total Assets at the begining of last year (Mar24) was 円5,755 Mil.
Long-Term Debt & Capital Lease Obligation was 円339 Mil.
Total Current Assets was 円3,547 Mil.
Total Current Liabilities was 円1,569 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.

Shikino High Tech Co's current Net Income (TTM) was -110. ==> 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.

Shikino High Tech Co's current Cash Flow from Operations (TTM) was -961. ==> Negative ==> Score 0.

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)
=-109.665/5412.535
=-0.0202613

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-14.584/5754.517
=-0.00253436

Shikino High Tech Co's return on assets of this year was -0.0202613. Shikino High Tech Co's return on assets of last year was -0.00253436. ==> 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.

Shikino High Tech Co's current Net Income (TTM) was -110. Shikino High Tech Co's current Cash Flow from Operations (TTM) was -961. ==> -961 <= -110 ==> CFROA <= ROA ==> Score 0.

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
=212.358/5589.0725
=0.03799521

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=338.856/5583.526
=0.06068853

Shikino High Tech Co's gearing of this year was 0.03799521. Shikino High Tech Co's gearing of last year was 0.06068853. ==> 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
=3961.084/2219.389
=1.78476328

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3546.848/1568.518
=2.26127338

Shikino High Tech Co's current ratio of this year was 1.78476328. Shikino High Tech Co's current ratio of last year was 2.26127338. ==> 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.

Shikino High Tech Co's number of shares in issue this year was 4.399. Shikino High Tech Co's number of shares in issue last year was 4.424. ==> 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
=961.257/6485.529
=0.14821567

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1295.893/6516.011
=0.19887827

Shikino High Tech Co's gross margin of this year was 0.14821567. Shikino High Tech Co's gross margin of last year was 0.19887827. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=6485.529/5412.535
=1.19824241

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6516.011/5754.517
=1.13232979

Shikino High Tech Co's asset turnover of this year was 1.19824241. Shikino High Tech Co's asset turnover of last year was 1.13232979. ==> 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+0+0+0+1+0+1+0+1
=3

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

Shikino High Tech Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Shikino High Tech Co (TSE:6614) has a Piotroski F-Score of 3 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shikino High Tech Co and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Shikino High Tech Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Shikino High Tech Co ranks #778 out of 989 companies in the Semiconductors industry, placing it in the top 78.7%.
Is Shikino High Tech Co's Piotroski F-Score too high?
Shikino High Tech Co's current Piotroski F-Score of 3 is 50% below 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 Semiconductors industry median Piotroski F-Score is 5.00. Shikino High Tech Co's value of 3 is 40% below this industry median. Based on the distribution chart, Shikino High Tech Co ranks #778 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Shikino High Tech Co has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shikino High Tech Co's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shikino High Tech Co ranks #778 out of 989 companies for Piotroski F-Score. This places Shikino High Tech Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shikino High Tech Co's value of 3 is 40% below this benchmark. Historically, Shikino High Tech 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, Shikino High Tech Co 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Shikino High Tech Co's current Piotroski F-Score of 3 is 40% 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 Shikino High Tech Co and its competitors. For the Semiconductors 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. Shikino High Tech Co's current Piotroski F-Score is 3, which is 50% below 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 Shikino High Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shikino High Tech Co (TSE:6614) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,223.00, compared to a current price of 円930.00 — trading 24% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Semiconductors industry median of 5.00. Shikino High Tech Co's overall GF Score™ is 61/100 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 Shikino High Tech Co (TSE:6614), the current Piotroski F-Score is 3 as of Jul. 17, 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 Shikino High Tech Co (TSE:6614) Overvalued in 2026?

Based on GuruFocus' analysis, Shikino High Tech Co stock appears to be undervalued. The current stock price of 円930.00 is trading 24% below its estimated GF Value™ of 円1,223.00. GuruFocus considers Shikino High Tech Co to be Modestly Undervalued.

Key valuation signals for TSE:6614:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: 円1,223.00 vs. price of 円930.00 (24% below fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 40% below the Semiconductors median (#778 of 989)

No single metric tells the full story. See the TSE:6614 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shikino High Tech Co Business Description

Address 829 Kichijima, Toyama Prefecture, Uozu-shi, JPN, 937-0041
Shikino High Tech Co Ltd is engaged in the electronics system business, microelectronics business and product development business which include the camera business.
61GF Score

Get the complete analysis for TSE:6614

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

円930.00
Price
円1,223.00
GF Value