Foster Electric Co (TSE:6794) Piotroski F-Score: 6 (As of Jul. 25, 2026) — Near Median

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TSE:6794 Foster Electric Co Ltd TSE:6794
68 GF Score
Price 円2,833.00
GF Value 円1,588.96
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Foster Electric Co Piotroski F-Score?

Foster Electric Co TSE:6794 -0.81% 68 Piotroski F-Score is 6 as of Jul. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:6794 with a GF Score™ of 68/100 and a GF Value™ of 円1,588.96 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,427 Hardware companies, Foster Electric Co ranks better than 77.92% 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

Foster Electric Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:6794' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Foster Electric Co was 9. The lowest was 3. And the median was 6.

Foster Electric Co  (TSE:6794) 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.


Foster Electric Co Piotroski F-Score Related Terms


Foster Electric Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Foster Electric 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.

Foster Electric Co Piotroski F-Score Chart

Foster Electric 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 3.00 8.00 6.00 7.00 6.00

Foster Electric 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 6.00 6.00 7.00 0.00 6.00

TSE:6794 vs AAPL: Piotroski F-Score Comparison

For the Consumer Electronics subindustry, Foster Electric 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.


Foster Electric Co Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Foster Electric Co's Piotroski F-Score distribution charts can be found below:

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


TSE:6794
68GF Score
Foster Electric Co Ltd TSE:6794
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4,951 Mil.
Cash Flow from Operations was 円6,936 Mil.
Revenue was 円134,910 Mil.
Gross Profit was 円23,645 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (106826 + 112244) / 2 = 円109535 Mil.
Total Assets at the begining of this year (Mar25) was 円106,826 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,074 Mil.
Total Current Assets was 円83,529 Mil.
Total Current Liabilities was 円31,675 Mil.
Net Income was 円3,902 Mil.

Revenue was 円137,607 Mil.
Gross Profit was 円24,123 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (102747 + 106826) / 2 = 円104786.5 Mil.
Total Assets at the begining of last year (Mar24) was 円102,747 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,583 Mil.
Total Current Assets was 円83,045 Mil.
Total Current Liabilities was 円33,886 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.

Foster Electric Co's current Net Income (TTM) was 4,951. ==> 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.

Foster Electric Co's current Cash Flow from Operations (TTM) was 6,936. ==> 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)
=4951/106826
=0.0463464

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3902/102747
=0.03797678

Foster Electric Co's return on assets of this year was 0.0463464. Foster Electric Co's return on assets of last year was 0.03797678. ==> 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.

Foster Electric Co's current Net Income (TTM) was 4,951. Foster Electric Co's current Cash Flow from Operations (TTM) was 6,936. ==> 6,936 > 4,951 ==> 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
=2074/109535
=0.01893459

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2583/104786.5
=0.02465012

Foster Electric Co's gearing of this year was 0.01893459. Foster Electric Co's gearing of last year was 0.02465012. ==> 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
=83529/31675
=2.63706393

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=83045/33886
=2.45071711

Foster Electric Co's current ratio of this year was 2.63706393. Foster Electric Co's current ratio of last year was 2.45071711. ==> 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.

Foster Electric Co's number of shares in issue this year was 22.4. Foster Electric Co's number of shares in issue last year was 22.303. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=23645/134910
=0.17526499

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24123/137607
=0.17530358

Foster Electric Co's gross margin of this year was 0.17526499. Foster Electric Co's gross margin of last year was 0.17530358. ==> 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)
=134910/106826
=1.2628948

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=137607/102747
=1.33927998

Foster Electric Co's asset turnover of this year was 1.2628948. Foster Electric Co's asset turnover of last year was 1.33927998. ==> 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+0+0+0
=6

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

Foster Electric Co has an F-score of 6 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 6 mean?
Foster Electric Co (TSE:6794) has a Piotroski F-Score of 6 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Foster Electric Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Foster Electric Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Foster Electric Co ranks #536 out of 2427 companies in the Hardware industry, placing it in the top 22.1%.
Is Foster Electric Co's Piotroski F-Score too high?
Foster Electric Co's current Piotroski F-Score of 6 is near 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 9.00. The Hardware industry median Piotroski F-Score is 5.00. Foster Electric Co's value of 6 is 20% above this industry median. Based on the distribution chart, Foster Electric Co ranks #536 out of 2427 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Foster Electric Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Foster Electric Co's Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Foster Electric Co ranks #536 out of 2427 companies for Piotroski F-Score. This places Foster Electric Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Foster Electric Co's value of 6 is 20% above this benchmark. Historically, Foster Electric 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 6.00 vs. the industry median of 5.00, Foster Electric 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. Foster Electric Co's current Piotroski F-Score of 6 is 20% 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 Foster Electric Co and its competitors. For the Hardware 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. Foster Electric Co's current Piotroski F-Score is 6, which is near 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 Foster Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Foster Electric Co (TSE:6794) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,588.96, compared to a current price of 円2,833.00 — trading 78.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Hardware industry median of 5.00. Foster Electric Co's overall GF Score™ is 68/100 with 1 warning sign 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 Foster Electric Co (TSE:6794), the current Piotroski F-Score is 6 as of Jul. 25, 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 Foster Electric Co (TSE:6794) Overvalued in 2026?

Based on GuruFocus' analysis, Foster Electric Co stock appears to be overvalued. The current stock price of 円2,833.00 is trading 78.3% above its estimated GF Value™ of 円1,588.96. GuruFocus considers Foster Electric Co to be Significantly Overvalued.

Key valuation signals for TSE:6794:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円1,588.96 vs. price of 円2,833.00 (78.3% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 20% above the Hardware median (#536 of 2427)

No single metric tells the full story. See the TSE:6794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Foster Electric Co Business Description

Address 1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550
Foster Electric Co Ltd is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.
68GF Score

Get the complete analysis for TSE:6794

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

円2,833.00
Price
円1,588.96
GF Value