Sanoyas Holdings (TSE:7022) Piotroski F-Score: 6 (As of Jul. 11, 2026) — 20% Above Median


TSE:7022 Sanoyas Holdings Corp TSE:7022
53 GF Score
Price 円295.00
GF Value 円218.90
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Sanoyas Holdings Piotroski F-Score?

Sanoyas Holdings TSE:7022 +2.43% 53 Piotroski F-Score is 6 as of Jul. 11, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:7022 with a GF Score™ of 53/100 and a GF Value™ of 円218.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 321 Aerospace & Defense companies, Sanoyas Holdings ranks better than 73.83% 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

Sanoyas Holdings 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 Sanoyas Holdings's Piotroski F-Score or its related term are showing as below:

TSE:7022' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Sanoyas Holdings was 8. The lowest was 3. And the median was 5.

Sanoyas Holdings  (TSE:7022) 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.


Sanoyas Holdings Piotroski F-Score Related Terms


Sanoyas Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanoyas 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.

Sanoyas Holdings Piotroski F-Score Chart

Sanoyas Holdings 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 5.00 4.00 6.00 8.00 6.00

Sanoyas Holdings 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 6.00 0.00 8.00 0.00 6.00

TSE:7022 vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Sanoyas 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.


Sanoyas Holdings Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sanoyas Holdings's Piotroski F-Score distribution charts can be found below:

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


TSE:7022
53GF Score
Sanoyas Holdings Corp TSE:7022
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1,427 Mil.
Cash Flow from Operations was 円3,406 Mil.
Revenue was 円26,828 Mil.
Gross Profit was 円7,513 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (27675 + 34064) / 2 = 円30869.5 Mil.
Total Assets at the begining of this year (Mar25) was 円27,675 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,501 Mil.
Total Current Assets was 円14,821 Mil.
Total Current Liabilities was 円12,423 Mil.
Net Income was 円1,182 Mil.

Revenue was 円25,006 Mil.
Gross Profit was 円6,232 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (27249 + 27675) / 2 = 円27462 Mil.
Total Assets at the begining of last year (Mar24) was 円27,249 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,891 Mil.
Total Current Assets was 円12,806 Mil.
Total Current Liabilities was 円10,420 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.

Sanoyas Holdings's current Net Income (TTM) was 1,427. ==> 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.

Sanoyas Holdings's current Cash Flow from Operations (TTM) was 3,406. ==> 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)
=1427/27675
=0.05156278

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1182/27249
=0.04337774

Sanoyas Holdings's return on assets of this year was 0.05156278. Sanoyas Holdings's return on assets of last year was 0.04337774. ==> 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.

Sanoyas Holdings's current Net Income (TTM) was 1,427. Sanoyas Holdings's current Cash Flow from Operations (TTM) was 3,406. ==> 3,406 > 1,427 ==> 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
=5501/30869.5
=0.17820178

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3891/27462
=0.14168669

Sanoyas Holdings's gearing of this year was 0.17820178. Sanoyas Holdings's gearing of last year was 0.14168669. ==> 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
=14821/12423
=1.19302906

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12806/10420
=1.22898273

Sanoyas Holdings's current ratio of this year was 1.19302906. Sanoyas Holdings's current ratio of last year was 1.22898273. ==> 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.

Sanoyas Holdings's number of shares in issue this year was 33.396. Sanoyas Holdings's number of shares in issue last year was 33.231. ==> 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
=7513/26828
=0.28004324

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6232/25006
=0.24922019

Sanoyas Holdings's gross margin of this year was 0.28004324. Sanoyas Holdings's gross margin of last year was 0.24922019. ==> 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)
=26828/27675
=0.96939476

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=25006/27249
=0.91768505

Sanoyas Holdings's asset turnover of this year was 0.96939476. Sanoyas Holdings's asset turnover of last year was 0.91768505. ==> 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+0+0+0+1+1
=6

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

Sanoyas Holdings 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?
Sanoyas Holdings (TSE:7022) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanoyas Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Sanoyas Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sanoyas Holdings ranks #84 out of 321 companies in the Aerospace & Defense industry, placing it in the top 26.2%.
Is Sanoyas Holdings' Piotroski F-Score too high?
Sanoyas Holdings' current Piotroski F-Score of 6 is 20% above 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 Aerospace & Defense industry median Piotroski F-Score is 5.00. Sanoyas Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Sanoyas Holdings ranks #84 out of 321 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Sanoyas Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanoyas Holdings' Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Sanoyas Holdings ranks #84 out of 321 companies for Piotroski F-Score. This puts Sanoyas Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sanoyas Holdings' value of 6 is 20% above this benchmark. Historically, Sanoyas 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, Sanoyas Holdings 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 321 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. Sanoyas Holdings'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 Sanoyas Holdings and its competitors. For the Aerospace & Defense 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. Sanoyas Holdings's current Piotroski F-Score is 6, which is 20% above 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 Sanoyas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sanoyas Holdings (TSE:7022) is currently considered Significantly Overvalued. The stock's GF Value™ is 円218.90, compared to a current price of 円295.00 — trading 34.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Aerospace & Defense industry median of 5.00. Sanoyas Holdings' overall GF Score™ is 53/100 with 5 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 Sanoyas Holdings (TSE:7022), the current Piotroski F-Score is 6 as of Jul. 11, 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 Sanoyas Holdings (TSE:7022) Overvalued in 2026?

Based on GuruFocus' analysis, Sanoyas Holdings stock appears to be overvalued. The current stock price of 円295.00 is trading 34.8% above its estimated GF Value™ of 円218.90. GuruFocus considers Sanoyas Holdings to be Significantly Overvalued.

Key valuation signals for TSE:7022:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円218.90 vs. price of 円295.00 (34.8% above fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 20% above the Aerospace & Defense median (#84 of 321)

No single metric tells the full story. See the TSE:7022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanoyas Holdings Business Description

Address 3-3-23 Nakanoshima, Kita-ku, Osaka, JPN, 530-6109
Sanoyas Holdings Corp is a Japan-based company engaged in manufacturing, construction, and leisure businesses. Its operations are categorized into three main segments: Manufacturing, Construction, and Leisure. The Manufacturing segment covers production and maintenance of equipment such as shot blasting machines, agricultural and environmental machinery, and medical waste processing units. The Construction segment is involved in elevator manufacturing, water supply system design, and electrical construction. The Leisure segment manages operations of amusement facilities and recreational equipment. It generates the majority of its revenue from the Manufacturing segment.
53GF Score

Get the complete analysis for TSE:7022

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

円295.00
Price
円218.90
GF Value