Meiho Holdings (TSE:7369) Piotroski F-Score: 5 (As of Jul. 15, 2026) — Near Median

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TSE:7369 Meiho Holdings Inc TSE:7369
72 GF Score
Price 円346.00
GF Value 円698.73
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Meiho Holdings Piotroski F-Score?

Meiho Holdings TSE:7369 +1.76% 72 Piotroski F-Score is 5 as of Jul. 15, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:7369 with a GF Score™ of 72/100 and a GF Value™ of 円698.73 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,064 Business Services companies, Meiho Holdings ranks better than 51.6% 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

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

TSE:7369' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 5

During the past 7 years, the highest Piotroski F-Score of Meiho Holdings was 8. The lowest was 4. And the median was 5.

Meiho Holdings  (TSE:7369) 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.


Meiho Holdings Piotroski F-Score Related Terms


Meiho Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Meiho 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.

Meiho Holdings Piotroski F-Score Chart

Meiho Holdings Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial 8.00 4.00 6.00 4.00 5.00

Meiho Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 5.00 0.00 0.00 0.00

TSE:7369 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Meiho 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.


Meiho Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Meiho Holdings's Piotroski F-Score distribution charts can be found below:

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


TSE:7369
72GF Score
Meiho Holdings Inc TSE:7369
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円168 Mil.
Cash Flow from Operations was 円1,118 Mil.
Revenue was 円13,007 Mil.
Gross Profit was 円3,174 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (7612.471 + 6601.351) / 2 = 円7106.911 Mil.
Total Assets at the begining of this year (Jun24) was 円7,612 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,339 Mil.
Total Current Assets was 円2,845 Mil.
Total Current Liabilities was 円2,748 Mil.
Net Income was 円-88 Mil.

Revenue was 円10,348 Mil.
Gross Profit was 円2,659 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (4146.868 + 7612.471) / 2 = 円5879.6695 Mil.
Total Assets at the begining of last year (Jun23) was 円4,147 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,805 Mil.
Total Current Assets was 円3,579 Mil.
Total Current Liabilities was 円2,427 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.

Meiho Holdings's current Net Income (TTM) was 168. ==> 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.

Meiho Holdings's current Cash Flow from Operations (TTM) was 1,118. ==> 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 (Jun24)
=168.261/7612.471
=0.02210334

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-87.891/4146.868
=-0.02119455

Meiho Holdings's return on assets of this year was 0.02210334. Meiho Holdings's return on assets of last year was -0.02119455. ==> 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.

Meiho Holdings's current Net Income (TTM) was 168. Meiho Holdings's current Cash Flow from Operations (TTM) was 1,118. ==> 1,118 > 168 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1339.256/7106.911
=0.18844418

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=2805.212/5879.6695
=0.47710369

Meiho Holdings's gearing of this year was 0.18844418. Meiho Holdings's gearing of last year was 0.47710369. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=2844.93/2747.504
=1.03545982

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=3579.214/2426.979
=1.47476101

Meiho Holdings's current ratio of this year was 1.03545982. Meiho Holdings's current ratio of last year was 1.47476101. ==> 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.

Meiho Holdings's number of shares in issue this year was 4.754. Meiho Holdings's number of shares in issue last year was 4.692. ==> 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
=3173.844/13007.061
=0.24400931

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2658.621/10347.883
=0.25692415

Meiho Holdings's gross margin of this year was 0.24400931. Meiho Holdings's gross margin of last year was 0.25692415. ==> Last year's gross margin is higher ==> Score 0.

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 (Jun24)
=13007.061/7612.471
=1.70865163

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=10347.883/4146.868
=2.49534902

Meiho Holdings's asset turnover of this year was 1.70865163. Meiho Holdings's asset turnover of last year was 2.49534902. ==> 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+1+1+1+0+0+0+0
=5

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

Meiho Holdings 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?
Meiho Holdings (TSE:7369) has a Piotroski F-Score of 5 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Meiho Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Meiho Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Meiho Holdings ranks #515 out of 1064 companies in the Business Services industry, placing it in the top 48.4%.
Is Meiho Holdings' Piotroski F-Score too high?
Meiho Holdings' 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 8.00. The Business Services industry median Piotroski F-Score is 5.00. Meiho Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Meiho Holdings ranks #515 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Meiho Holdings has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Meiho Holdings' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Meiho Holdings ranks #515 out of 1064 companies for Piotroski F-Score. This puts Meiho Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Meiho Holdings' value of 5 is 0% at this benchmark. Historically, Meiho Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Meiho Holdings 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Meiho Holdings'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 Meiho Holdings and its competitors. For the Business Services 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. Meiho Holdings'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 Meiho Holdings stock overvalued right now?
Based on GuruFocus' analysis, Meiho Holdings (TSE:7369) is currently considered Significantly Undervalued. The stock's GF Value™ is 円698.73, compared to a current price of 円346.00 — trading 50.5% below 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 Business Services industry median of 5.00. Meiho Holdings' overall GF Score™ is 72/100 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 Meiho Holdings (TSE:7369), the current Piotroski F-Score is 5 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 Meiho Holdings (TSE:7369) Overvalued in 2026?

Based on GuruFocus' analysis, Meiho Holdings stock appears to be undervalued. The current stock price of 円346.00 is trading 50.5% below its estimated GF Value™ of 円698.73. GuruFocus considers Meiho Holdings to be Significantly Undervalued.

Key valuation signals for TSE:7369:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円698.73 vs. price of 円346.00 (50.5% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 0% at the Business Services median (#515 of 1064)

No single metric tells the full story. See the TSE:7369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiho Holdings Business Description

Address 6-21 Fukiagecho, Gifu, JPN, 500-8326
Meiho Holdings Inc is engaged in the Group Corporate Planning which has corporate planning, overall management of general affairs, accounting, human resources, and legal affairs, promotion of digital transformation, support for the growth of individual companies, and internal audits. Construction-related services business provides construction consulting services for public works projects such as roads, rivers, and bridges to the main clients, including national and local governments using the latest technologies. Human Resources Related Services Business is businesses are human resources for construction engineers and manufacturing staff, overseas outsourcing, and security services, and is the main business. Nursing care business includes nursing for people.
72GF Score

Get the complete analysis for TSE:7369

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

円346.00
Price
円698.73
GF Value