Ferrotec (TSE:6890) Piotroski F-Score: 5 (As of Jul. 03, 2026) — Near Median


TSE:6890 Ferrotec Corp TSE:6890
74 GF Score
Price 円8,950.00
GF Value 円3,601.14
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Ferrotec Piotroski F-Score?

Ferrotec TSE:6890 -7.92% 74 Piotroski F-Score is 5 as of Jul. 03, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:6890 with a GF Score™ of 74/100 and a GF Value™ of 円3,601.14 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 990 Semiconductors companies, Ferrotec ranks better than 61.11% 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

Ferrotec has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:6890' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ferrotec was 7. The lowest was 4. And the median was 5.

Ferrotec  (TSE:6890) 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.


Ferrotec Piotroski F-Score Related Terms


Ferrotec Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ferrotec'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.

Ferrotec Piotroski F-Score Chart

Ferrotec 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 7.00 5.00 4.00 4.00 5.00

Ferrotec Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 4.00 0.00 0.00 0.00 5.00

TSE:6890 vs NVDA, AVGO, MU: Piotroski F-Score Comparison

For the Semiconductors subindustry, Ferrotec'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.


Ferrotec Piotroski F-Score vs Semiconductors Industry

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

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


TSE:6890
74GF Score
Ferrotec Corp TSE:6890
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14,886 Mil.
Cash Flow from Operations was 円29,255 Mil.
Revenue was 円288,933 Mil.
Gross Profit was 円81,317 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (600593 + 689238) / 2 = 円644915.5 Mil.
Total Assets at the begining of this year (Mar25) was 円600,593 Mil.
Long-Term Debt & Capital Lease Obligation was 円139,184 Mil.
Total Current Assets was 円338,977 Mil.
Total Current Liabilities was 円163,052 Mil.
Net Income was 円15,692 Mil.

Revenue was 円274,390 Mil.
Gross Profit was 円73,361 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (510026 + 600593) / 2 = 円555309.5 Mil.
Total Assets at the begining of last year (Mar24) was 円510,026 Mil.
Long-Term Debt & Capital Lease Obligation was 円108,251 Mil.
Total Current Assets was 円295,367 Mil.
Total Current Liabilities was 円151,750 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.

Ferrotec's current Net Income (TTM) was 14,886. ==> 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.

Ferrotec's current Cash Flow from Operations (TTM) was 29,255. ==> 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)
=14886/600593
=0.0247855

ROA (Last Year)=Net Income/Total Assets (Mar24)
=15692/510026
=0.03076706

Ferrotec's return on assets of this year was 0.0247855. Ferrotec's return on assets of last year was 0.03076706. ==> 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.

Ferrotec's current Net Income (TTM) was 14,886. Ferrotec's current Cash Flow from Operations (TTM) was 29,255. ==> 29,255 > 14,886 ==> 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
=139184/644915.5
=0.21581742

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=108251/555309.5
=0.19493814

Ferrotec's gearing of this year was 0.21581742. Ferrotec's gearing of last year was 0.19493814. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=338977/163052
=2.07895027

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=295367/151750
=1.94640527

Ferrotec's current ratio of this year was 2.07895027. Ferrotec's current ratio of last year was 1.94640527. ==> 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.

Ferrotec's number of shares in issue this year was 53.929. Ferrotec's number of shares in issue last year was 53.549. ==> 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
=81317/288933
=0.28143895

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=73361/274390
=0.26736033

Ferrotec's gross margin of this year was 0.28143895. Ferrotec's gross margin of last year was 0.26736033. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=288933/600593
=0.48107953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=274390/510026
=0.53799218

Ferrotec's asset turnover of this year was 0.48107953. Ferrotec's asset turnover of last year was 0.53799218. ==> 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+0+1+0+1+0+1+0
=5

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

Ferrotec has an F-score of 5 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 5 mean?
Ferrotec (TSE:6890) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ferrotec and its competitors. This is near median its historical median of 5.00. Over the past decade, Ferrotec's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Ferrotec ranks #385 out of 990 companies in the Semiconductors industry, placing it in the top 38.9%.
Is Ferrotec's Piotroski F-Score too high?
Ferrotec's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Ferrotec's value of 5 is 0% at this industry median. Based on the distribution chart, Ferrotec ranks #385 out of 990 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Ferrotec has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrotec's Piotroski F-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Ferrotec ranks #385 out of 990 companies for Piotroski F-Score. This puts Ferrotec in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ferrotec's value of 5 is 0% at this benchmark. Historically, Ferrotec's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ferrotec has consistently been at 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 990 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. Ferrotec's current Piotroski F-Score of 5 is 0% at 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 Ferrotec 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. Ferrotec's current Piotroski F-Score is 5, which is near 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 Ferrotec stock overvalued right now?
Based on GuruFocus' analysis, Ferrotec (TSE:6890) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,601.14, compared to a current price of 円8,950.00 — trading 148.5% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Semiconductors industry median of 5.00. Ferrotec's overall GF Score™ is 74/100 with 11 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 Ferrotec (TSE:6890), the current Piotroski F-Score is 5 as of Jul. 03, 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 Ferrotec (TSE:6890) Overvalued in 2026?

Based on GuruFocus' analysis, Ferrotec stock appears to be overvalued. The current stock price of 円8,950.00 is trading 148.5% above its estimated GF Value™ of 円3,601.14. GuruFocus considers Ferrotec to be Significantly Overvalued.

Key valuation signals for TSE:6890:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円3,601.14 vs. price of 円8,950.00 (148.5% above fair value)
  • GF Score™: 74/100 with 11 warning signs
  • Industry Position: 0% at the Semiconductors median (#385 of 990)

No single metric tells the full story. See the TSE:6890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ferrotec Business Description

Other Exchanges FRRZF:USAFER:Germany
Address 2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, JPN, 103-0027
Ferrotec Corp is a manufacturer of semiconductor equipment related products. The company operates through four business segments. Its Electronic device segment manufactures thermo-electric modules, ferrofluid, and power semiconductor substrate. The Equipment-related segment is engaged in the production and sale of vacuum seal, quartz products, ceramics and silicon products, silicon parts, and wafer products. Its Photovoltaic segment is involved in the formation of silicon crystal equipment, quartz crucible, and silicon for the solar cell. The company's Other segment comprises of laundry and other related industrial equipment.
74GF Score

Get the complete analysis for TSE:6890

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

円8,950.00
Price
円3,601.14
GF Value