Sanko Co (TSE:6964) Piotroski F-Score: 8 (As of Jul. 16, 2026) — 14% Above Median

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TSE:6964 Sanko Co Ltd TSE:6964
80 GF Score
Price 円693.00
GF Value 円631.09
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Sanko Co Piotroski F-Score?

Sanko Co TSE:6964 +0.87% 80 Piotroski F-Score is 8 as of Jul. 16, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:6964 with a GF Score™ of 80/100 and a GF Value™ of 円631.09 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,431 Hardware companies, Sanko Co ranks better than 98.72% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Sanko Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:6964' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Sanko Co was 9. The lowest was 3. And the median was 7.

Sanko Co  (TSE:6964) 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.


Sanko Co Piotroski F-Score Related Terms


Sanko Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanko 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.

Sanko Co Piotroski F-Score Chart

Sanko Co 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 9.00 3.00 8.00

Sanko Co 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 9.00 0.00 3.00 0.00 8.00

TSE:6964 vs APH, GLW: Piotroski F-Score Comparison

For the Electronic Components subindustry, Sanko 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.


Sanko Co Piotroski F-Score vs Hardware Industry

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

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


TSE:6964
80GF Score
Sanko Co Ltd TSE:6964
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605 Mil.
Cash Flow from Operations was 円1,137 Mil.
Revenue was 円18,289 Mil.
Gross Profit was 円2,292 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (22040.42 + 22927.609) / 2 = 円22484.0145 Mil.
Total Assets at the begining of this year (Mar25) was 円22,040 Mil.
Long-Term Debt & Capital Lease Obligation was 円67 Mil.
Total Current Assets was 円15,355 Mil.
Total Current Liabilities was 円5,635 Mil.
Net Income was 円570 Mil.

Revenue was 円16,838 Mil.
Gross Profit was 円2,053 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (21659.301 + 22040.42) / 2 = 円21849.8605 Mil.
Total Assets at the begining of last year (Mar24) was 円21,659 Mil.
Long-Term Debt & Capital Lease Obligation was 円80 Mil.
Total Current Assets was 円15,143 Mil.
Total Current Liabilities was 円5,400 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.

Sanko Co's current Net Income (TTM) was 605. ==> 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.

Sanko Co's current Cash Flow from Operations (TTM) was 1,137. ==> 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)
=605.076/22040.42
=0.02745302

ROA (Last Year)=Net Income/Total Assets (Mar24)
=569.572/21659.301
=0.02629688

Sanko Co's return on assets of this year was 0.02745302. Sanko Co's return on assets of last year was 0.02629688. ==> 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.

Sanko Co's current Net Income (TTM) was 605. Sanko Co's current Cash Flow from Operations (TTM) was 1,137. ==> 1,137 > 605 ==> 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
=66.975/22484.0145
=0.00297878

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=80.454/21849.8605
=0.00368213

Sanko Co's gearing of this year was 0.00297878. Sanko Co's gearing of last year was 0.00368213. ==> 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
=15355.328/5634.502
=2.72523251

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15143.376/5400.448
=2.80409625

Sanko Co's current ratio of this year was 2.72523251. Sanko Co's current ratio of last year was 2.80409625. ==> 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.

Sanko Co's number of shares in issue this year was 8.873. Sanko Co's number of shares in issue last year was 8.873. ==> 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
=2291.946/18289.369
=0.12531575

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2053.175/16838.185
=0.12193565

Sanko Co's gross margin of this year was 0.12531575. Sanko Co's gross margin of last year was 0.12193565. ==> 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)
=18289.369/22040.42
=0.82981037

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=16838.185/21659.301
=0.77741128

Sanko Co's asset turnover of this year was 0.82981037. Sanko Co's asset turnover of last year was 0.77741128. ==> 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+1+1
=8

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

Sanko Co has an F-score of 8. 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 8 mean?
Sanko Co (TSE:6964) has a Piotroski F-Score of 8 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanko Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Sanko Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Sanko Co ranks #31 out of 2431 companies in the Hardware industry, placing it in the top 1.3%.
Is Sanko Co's Piotroski F-Score too high?
Sanko Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Sanko Co's value of 8 is 60% above this industry median. Based on the distribution chart, Sanko Co ranks #31 out of 2431 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Sanko Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanko Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Sanko Co ranks #31 out of 2431 companies for Piotroski F-Score. This places Sanko Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sanko Co's value of 8 is 60% above this benchmark. Historically, Sanko Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sanko 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 2,431 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. Sanko Co's current Piotroski F-Score of 8 is 60% 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 Sanko 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. Sanko Co's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanko Co stock overvalued right now?
Based on GuruFocus' analysis, Sanko Co (TSE:6964) is currently considered Fairly Valued. The stock's GF Value™ is 円631.09, compared to a current price of 円693.00 — trading 9.8% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Hardware industry median of 5.00. Sanko Co's overall GF Score™ is 80/100 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 Sanko Co (TSE:6964), the current Piotroski F-Score is 8 as of Jul. 16, 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 Sanko Co (TSE:6964) Overvalued in 2026?

Based on GuruFocus' analysis, Sanko Co stock appears to be overvalued. The current stock price of 円693.00 is trading 9.8% above its estimated GF Value™ of 円631.09. GuruFocus considers Sanko Co to be Fairly Valued.

Key valuation signals for TSE:6964:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円631.09 vs. price of 円693.00 (9.8% above fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 60% above the Hardware median (#31 of 2431)

No single metric tells the full story. See the TSE:6964 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanko Co Business Description

Address 959 Hirookanomura, Nagano Prefecture, Shiojiri, JPN, 399-0782
Sanko Co Ltd is engaged in the manufacturing and selling of press products, mechatronics products, and plastic products related to automobile-related products, office equipment-related products, and digital home appliances. The company's product offerings include battery terminals, driver airbag parts, axis hinges, passenger seat airbag parts, inverter terminal blocks, and others.
80GF Score

Get the complete analysis for TSE:6964

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

円693.00
Price
円631.09
GF Value