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Minato HoldingsTSE:6862 +1.67%85 Piotroski F-Score is 4 as of Jul. 15, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:6862 with a GF Score™ of 85/100 and a GF Value™ of 円1,654.15 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,431 Hardware companies, Minato Holdings ranks worse than 62.36% 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
Minato Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Minato Holdings's Piotroski F-Score or its related term are showing as below:
TSE:6862'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Minato Holdings was 8. The lowest was 3. And the median was 5.
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.
Minato Holdings Piotroski F-Score Related Terms
Minato Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Minato Holdings'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:6862 vs SNDK, DELL, STX: Piotroski F-Score Comparison
For the Computer Hardware subindustry, Minato Holdings'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.
Minato Holdings Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Minato Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Minato Holdings'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.
Minato Holdings's current Net Income (TTM) was 2,109.
==> 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.
Minato Holdings's return on assets of this year was 0.12014222. Minato Holdings's return on assets of last year was 0.02222184.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Minato Holdings's gearing of this year was 0.10971659. Minato Holdings's gearing of last year was 0.09304717.
==> 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
Minato Holdings's current ratio of this year was 1.26693454. Minato Holdings's current ratio of last year was 1.26762133.
==> 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.
Minato Holdings's number of shares in issue this year was 7.446. Minato Holdings's number of shares in issue last year was 7.423.
==> 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.
Minato Holdings's gross margin of this year was 0.23488049. Minato Holdings's gross margin of last year was 0.17584763.
==> 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
Minato Holdings's asset turnover of this year was 2.08349459. Minato Holdings's asset turnover of last year was 1.45882294.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Minato Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Minato Holdings (TSE:6862) has a Piotroski F-Score of 4 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Minato Holdings and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Minato Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Minato Holdings ranks #1516 out of 2431 companies in the Hardware industry, placing it in the top 62.4%.
Is Minato Holdings' Piotroski F-Score too high?
Minato Holdings' current Piotroski F-Score of 4 is 20% below 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 8.00. The Hardware industry median Piotroski F-Score is 5.00. Minato Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Minato Holdings ranks #1516 out of 2431 companies in the Hardware industry, which is below the industry midpoint. Overall, Minato Holdings has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minato Holdings' Piotroski F-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Minato Holdings ranks #1516 out of 2431 companies for Piotroski F-Score. This places Minato Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Minato Holdings' value of 4 is 20% below this benchmark. Historically, Minato Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Minato Holdings 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,431 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. Minato Holdings's current Piotroski F-Score of 4 is 20% 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 Minato Holdings 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. Minato Holdings's current Piotroski F-Score is 4, which is 20% below 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 Minato Holdings stock overvalued right now?
Based on GuruFocus' analysis, Minato Holdings (TSE:6862) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,654.15, compared to a current price of 円2,009.00 — trading 21.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Hardware industry median of 5.00. Minato Holdings' overall GF Score™ is 85/100 with 6 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 Minato Holdings (TSE:6862), the current Piotroski F-Score is 4 as of Jul. 15, 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 Minato Holdings (TSE:6862) Overvalued in 2026?
Based on GuruFocus' analysis, Minato Holdings stock appears to be overvalued.
The current stock price of 円2,009.00 is trading 21.5% above its estimated GF Value™ of 円1,654.15.
GuruFocus considers Minato Holdings to be Modestly Overvalued.
Key valuation signals for TSE:6862:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: 円1,654.15 vs. price of 円2,009.00 (21.5% above fair value)
Industry Position: 20% below the Hardware median (#1516 of 2431)
No single metric tells the full story. See the TSE:6862 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minato Holdings Inc is a Japan-based company engaged in four core business segments: Digital Devices, Digital Engineering, ICT Products, and Others. The Digital Devices segment includes the manufacturing and sale of industrial-use memory modules like DIMMs, as well as eMMC, eMCP, and mobile accessories. The Digital Engineering segment covers device programming, digital signage systems, and software and hardware development, including OEM and ODM services. The ICT Products segment handles the sale and maintenance of digital AV equipment and PCs. The Others segment includes investments in domestic ventures and solar power projects.
85GF Score
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