TEAC (TSE:6803) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 40% Above Median


TSE:6803 TEAC Corp TSE:6803
66 GF Score
Price 円96.00
GF Value 円98.31
Valuation Fairly Valued
! 3 Warning Signs
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What is TEAC Piotroski F-Score?

TEAC TSE:6803 +1.05% 66 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSE:6803 with a GF Score™ of 66/100 and a GF Value™ of 円98.31 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,432 Hardware companies, TEAC ranks better than 91.12% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

TEAC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:6803' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of TEAC was 7. The lowest was 3. And the median was 5.

TEAC  (TSE:6803) 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.


TEAC Piotroski F-Score Related Terms


TEAC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TEAC'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.

TEAC Piotroski F-Score Chart

TEAC 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 6.00 5.00 5.00 6.00 7.00

TEAC 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 5.00 6.00 6.00 0.00 7.00

TSE:6803 vs DELL, SNDK, ANET: Piotroski F-Score Comparison

For the Computer Hardware subindustry, TEAC'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.


TEAC Piotroski F-Score vs Hardware Industry

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

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


TSE:6803
66GF Score
TEAC Corp TSE:6803
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578 Mil.
Cash Flow from Operations was 円1,610 Mil.
Revenue was 円15,943 Mil.
Gross Profit was 円6,843 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (10815 + 10593) / 2 = 円10704 Mil.
Total Assets at the begining of this year (Mar25) was 円10,815 Mil.
Long-Term Debt & Capital Lease Obligation was 円704 Mil.
Total Current Assets was 円8,447 Mil.
Total Current Liabilities was 円5,526 Mil.
Net Income was 円81 Mil.

Revenue was 円15,668 Mil.
Gross Profit was 円6,796 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (11871 + 10815) / 2 = 円11343 Mil.
Total Assets at the begining of last year (Mar24) was 円11,871 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,274 Mil.
Total Current Assets was 円8,568 Mil.
Total Current Liabilities was 円5,557 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.

TEAC's current Net Income (TTM) was 578. ==> 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.

TEAC's current Cash Flow from Operations (TTM) was 1,610. ==> 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)
=578/10815
=0.05344429

ROA (Last Year)=Net Income/Total Assets (Mar24)
=81/11871
=0.00682335

TEAC's return on assets of this year was 0.05344429. TEAC's return on assets of last year was 0.00682335. ==> 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.

TEAC's current Net Income (TTM) was 578. TEAC's current Cash Flow from Operations (TTM) was 1,610. ==> 1,610 > 578 ==> 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
=704/10704
=0.06576981

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1274/11343
=0.11231597

TEAC's gearing of this year was 0.06576981. TEAC's gearing of last year was 0.11231597. ==> 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
=8447/5526
=1.52859211

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8568/5557
=1.54183912

TEAC's current ratio of this year was 1.52859211. TEAC's current ratio of last year was 1.54183912. ==> 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.

TEAC's number of shares in issue this year was 28.802. TEAC's number of shares in issue last year was 28.804. ==> 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
=6843/15943
=0.42921658

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6796/15668
=0.43375032

TEAC's gross margin of this year was 0.42921658. TEAC's gross margin of last year was 0.43375032. ==> 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)
=15943/10815
=1.47415626

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=15668/11871
=1.31985511

TEAC's asset turnover of this year was 1.47415626. TEAC's asset turnover of last year was 1.31985511. ==> 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+0+1+0+1
=7

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

TEAC has an F-score of 7. 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 7 mean?
TEAC (TSE:6803) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TEAC and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, TEAC's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, TEAC ranks #216 out of 2432 companies in the Hardware industry, placing it in the top 8.9%.
Is TEAC's Piotroski F-Score too high?
TEAC's current Piotroski F-Score of 7 is 40% above 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 7.00. The Hardware industry median Piotroski F-Score is 5.00. TEAC's value of 7 is 40% above this industry median. Based on the distribution chart, TEAC ranks #216 out of 2432 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, TEAC has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TEAC's Piotroski F-Score compare to DELL and SNDK?
According to the Hardware industry distribution chart, TEAC ranks #216 out of 2432 companies for Piotroski F-Score. This places TEAC in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. TEAC's value of 7 is 40% above this benchmark. Historically, TEAC's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, TEAC 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 2,432 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. TEAC's current Piotroski F-Score of 7 is 40% 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 TEAC 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. TEAC's current Piotroski F-Score is 7, which is 40% above 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 TEAC stock overvalued right now?
Based on GuruFocus' analysis, TEAC (TSE:6803) is currently considered Fairly Valued. The stock's GF Value™ is 円98.31, compared to a current price of 円96.00 — trading 2.3% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Hardware industry median of 5.00. TEAC's overall GF Score™ is 66/100 with 3 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 TEAC (TSE:6803), the current Piotroski F-Score is 7 as of Jun. 28, 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 TEAC (TSE:6803) Overvalued in 2026?

Based on GuruFocus' analysis, TEAC stock appears to be undervalued. The current stock price of 円96.00 is trading 2.3% below its estimated GF Value™ of 円98.31. GuruFocus considers TEAC to be Fairly Valued.

Key valuation signals for TSE:6803:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円98.31 vs. price of 円96.00 (2.3% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 40% above the Hardware median (#216 of 2432)

No single metric tells the full story. See the TSE:6803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TEAC Business Description

Address 47 Ochiai 1-chome, Tama-shi, Tokyo, JPN, 206-8530
TEAC Corp is a Japanese based electronic company. It is engaged in manufacturing and sale of audio and information equipment. It operates in two business divisions including Audio products business and Information products business. Its Audio products business offers high-end audio products, general audio products, audio equipment for, music production and professional audio products. Information products business offers recording and reproducing equipment for aircraft, medical image recording and reproducing products, supporting systems for individual nursing care, measurement products (transducers, data recorders), and optical drives for the industrial market.
66GF Score

Get the complete analysis for TSE:6803

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

円96.00
Price
円98.31
GF Value