Iriso Electronics Co (TSE:6908) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 50% Above Median


TSE:6908 Iriso Electronics Co Ltd TSE:6908
93 GF Score
Price 円2,957.00
GF Value 円3,682.61
Valuation Modestly Undervalued
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What is Iriso Electronics Co Piotroski F-Score?

Iriso Electronics Co TSE:6908 +1.20% 93 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates TSE:6908 with a GF Score™ of 93/100 and a GF Value™ of 円3,682.61 (Modestly Undervalued). Among 2,426 Hardware companies, Iriso Electronics Co ranks better than 77.95% 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

Iriso Electronics 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 Iriso Electronics Co's Piotroski F-Score or its related term are showing as below:

TSE:6908' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Iriso Electronics Co was 8. The lowest was 3. And the median was 4.

Iriso Electronics Co  (TSE:6908) 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.


Iriso Electronics Co Piotroski F-Score Related Terms


Iriso Electronics Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Iriso Electronics 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.

Iriso Electronics Co Piotroski F-Score Chart

Iriso Electronics Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 8.00 4.00 6.00

Iriso Electronics Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 6.00 0.00 0.00 0.00

TSE:6908 vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Iriso Electronics 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.


Iriso Electronics Co Piotroski F-Score vs Hardware Industry

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

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


TSE:6908
93GF Score
Iriso Electronics Co Ltd TSE:6908
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 円2,662 Mil.
Cash Flow from Operations was 円12,043 Mil.
Revenue was 円56,332 Mil.
Gross Profit was 円17,940 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (96856 + 91370) / 2 = 円94113 Mil.
Total Assets at the begining of this year (Mar24) was 円96,856 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,426 Mil.
Total Current Assets was 円52,209 Mil.
Total Current Liabilities was 円14,241 Mil.
Net Income was 円5,593 Mil.

Revenue was 円55,271 Mil.
Gross Profit was 円17,137 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (82491 + 96856) / 2 = 円89673.5 Mil.
Total Assets at the begining of last year (Mar23) was 円82,491 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,722 Mil.
Total Current Assets was 円56,093 Mil.
Total Current Liabilities was 円13,423 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.

Iriso Electronics Co's current Net Income (TTM) was 2,662. ==> 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.

Iriso Electronics Co's current Cash Flow from Operations (TTM) was 12,043. ==> 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 (Mar24)
=2662/96856
=0.0274841

ROA (Last Year)=Net Income/Total Assets (Mar23)
=5593/82491
=0.06780134

Iriso Electronics Co's return on assets of this year was 0.0274841. Iriso Electronics Co's return on assets of last year was 0.06780134. ==> 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.

Iriso Electronics Co's current Net Income (TTM) was 2,662. Iriso Electronics Co's current Cash Flow from Operations (TTM) was 12,043. ==> 12,043 > 2,662 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4426/94113
=0.04702857

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4722/89673.5
=0.0526577

Iriso Electronics Co's gearing of this year was 0.04702857. Iriso Electronics Co's gearing of last year was 0.0526577. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=52209/14241
=3.66610491

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=56093/13423
=4.17887209

Iriso Electronics Co's current ratio of this year was 3.66610491. Iriso Electronics Co's current ratio of last year was 4.17887209. ==> 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.

Iriso Electronics Co's number of shares in issue this year was 22.514. Iriso Electronics Co's number of shares in issue last year was 23.525. ==> 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
=17940/56332
=0.31846908

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17137/55271
=0.3100541

Iriso Electronics Co's gross margin of this year was 0.31846908. Iriso Electronics Co's gross margin of last year was 0.3100541. ==> 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 (Mar24)
=56332/96856
=0.58160568

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=55271/82491
=0.67002461

Iriso Electronics Co's asset turnover of this year was 0.58160568. Iriso Electronics Co's asset turnover of last year was 0.67002461. ==> 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+1+0+1+1+0
=6

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

Iriso Electronics 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?
Iriso Electronics Co (TSE:6908) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iriso Electronics Co and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Iriso Electronics Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Iriso Electronics Co ranks #535 out of 2426 companies in the Hardware industry, placing it in the top 22.1%.
Is Iriso Electronics Co's Piotroski F-Score too high?
Iriso Electronics Co's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. 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. Iriso Electronics Co's value of 6 is 20% above this industry median. Based on the distribution chart, Iriso Electronics Co ranks #535 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Iriso Electronics Co has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Iriso Electronics Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Iriso Electronics Co ranks #535 out of 2426 companies for Piotroski F-Score. This places Iriso Electronics Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Iriso Electronics Co's value of 6 is 20% above this benchmark. Historically, Iriso Electronics 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 4.00 vs. the industry median of 5.00, Iriso Electronics 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 2,426 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. Iriso Electronics 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 Iriso Electronics 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. Iriso Electronics Co's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iriso Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Iriso Electronics Co (TSE:6908) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,682.61, compared to a current price of 円2,957.00 — trading 19.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Hardware industry median of 5.00. Iriso Electronics Co's overall GF Score™ is 93/100. 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 Iriso Electronics Co (TSE:6908), the current Piotroski F-Score is 6 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 Iriso Electronics Co (TSE:6908) Overvalued in 2026?

Based on GuruFocus' analysis, Iriso Electronics Co stock appears to be undervalued. The current stock price of 円2,957.00 is trading 19.7% below its estimated GF Value™ of 円3,682.61. GuruFocus considers Iriso Electronics Co to be Modestly Undervalued.

Key valuation signals for TSE:6908:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: 円3,682.61 vs. price of 円2,957.00 (19.7% below fair value)
  • GF Score™: 93/100
  • Industry Position: 20% above the Hardware median (#535 of 2426)

No single metric tells the full story. See the TSE:6908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iriso Electronics Co Business Description

Address 2-13-8, Shinyokohama, Kohoku-ku, Kanagawa, Yokohama, JPN, 222-0033
Iriso Electronics Co Ltd is a Japanese company which is engaged in manufacturing, development, and sales of automotive audio-visual and car electronic connector. Its product category includes Board to Board Connector; FPC FFC Connector; Pin Header; Socket Connector; Shorting Socket; Interface Connector; Compression Connector; Compression Terminal and ESD Protective Device.
93GF Score

Get the complete analysis for TSE:6908

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

円2,957.00
Price
円3,682.61
GF Value