Furuno Electric CoTSE:6814 -1.41%79 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:6814 with a GF Score™ of 79/100 and a GF Value™ of 円2,797.38 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,429 Hardware companies, Furuno Electric Co ranks better than 77.93% 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
Furuno 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 Furuno Electric Co's Piotroski F-Score or its related term are showing as below:
TSE:6814'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Furuno Electric Co was 8. The lowest was 3. And the median was 6.
Furuno Electric Co (TSE:6814) 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.
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.
Furuno Electric Co Piotroski F-Score Related Terms
Furuno Electric Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Furuno 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.
TSE:6814 vs COHR, KEYS, GRMN: Piotroski F-Score Comparison
For the Scientific & Technical Instruments subindustry, Furuno 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.
Furuno Electric Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Furuno Electric Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Furuno Electric Co's Piotroski F-Score falls into.
* 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.
*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.
Furuno Electric Co's current Net Income (TTM) was 16,735.
==> 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.
Furuno Electric Co's return on assets of this year was 0.13548523. Furuno Electric Co's return on assets of last year was 0.10014072.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Furuno Electric Co's gearing of this year was 0.09537796. Furuno Electric Co's gearing of last year was 0.09027101.
==> 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
Furuno Electric Co's current ratio of this year was 2.98648019. Furuno Electric Co's current ratio of last year was 2.56668535.
==> 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.
Furuno Electric Co's number of shares in issue this year was 31.605. Furuno Electric Co's number of shares in issue last year was 31.595.
==> 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.
Furuno Electric Co's gross margin of this year was 0.41487455. Furuno Electric Co's gross margin of last year was 0.41723315.
==> 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
Furuno Electric Co's asset turnover of this year was 1.13841595. Furuno Electric Co's asset turnover of last year was 1.10964172.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Furuno Electric Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Furuno Electric Co (TSE:6814) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Furuno Electric Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Furuno Electric Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Furuno Electric Co ranks #536 out of 2429 companies in the Hardware industry, placing it in the top 22.1%.
Is Furuno Electric Co's Piotroski F-Score too high?
Furuno 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 8.00. The Hardware industry median Piotroski F-Score is 5.00. Furuno Electric Co's value of 6 is 20% above this industry median. Based on the distribution chart, Furuno Electric Co ranks #536 out of 2429 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Furuno Electric Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Furuno Electric Co's Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, Furuno Electric Co ranks #536 out of 2429 companies for Piotroski F-Score. This places Furuno Electric Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Furuno Electric Co's value of 6 is 20% above this benchmark. Historically, Furuno Electric 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, Furuno 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 2,429 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. Furuno 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 Furuno 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. Furuno 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 Furuno Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Furuno Electric Co (TSE:6814) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,797.38, compared to a current price of 円5,610.00 — trading 100.5% 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. Furuno Electric Co's overall GF Score™ is 79/100 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 Furuno Electric Co (TSE:6814), the current Piotroski F-Score is 6 as of Jul. 01, 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 Furuno Electric Co (TSE:6814) Overvalued in 2026?
Based on GuruFocus' analysis, Furuno Electric Co stock appears to be overvalued.
The current stock price of 円5,610.00 is trading 100.5% above its estimated GF Value™ of 円2,797.38.
GuruFocus considers Furuno Electric Co to be Significantly Overvalued.
Key valuation signals for TSE:6814:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円2,797.38 vs. price of 円5,610.00 (100.5% above fair value)
Industry Position: 20% above the Hardware median (#536 of 2429)
No single metric tells the full story. See the TSE:6814 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Furuno Electric Co Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.
79GF Score
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