Ainavo Holdings Co (TSE:7539) Piotroski F-Score: 7 (As of Jul. 02, 2026) — 40% Above Median


TSE:7539 Ainavo Holdings Co Ltd TSE:7539
81 GF Score
Price 円814.00
GF Value 円690.46
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Ainavo Holdings Co Piotroski F-Score?

Ainavo Holdings Co TSE:7539 +0.87% 81 Piotroski F-Score is 7 as of Jul. 02, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSE:7539 with a GF Score™ of 81/100 and a GF Value™ of 円690.46 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,731 Construction companies, Ainavo Holdings Co ranks better than 89.37% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Ainavo Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:7539' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

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

Ainavo Holdings Co  (TSE:7539) 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.


Ainavo Holdings Co Piotroski F-Score Related Terms


Ainavo Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ainavo Holdings 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.

Ainavo Holdings Co Piotroski F-Score Chart

Ainavo Holdings Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 4.00 8.00 7.00

Ainavo Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00 7.00 0.00 0.00

TSE:7539 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Ainavo Holdings 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.


Ainavo Holdings Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Ainavo Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7539
81GF Score
Ainavo Holdings Co Ltd TSE:7539
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円1,679 Mil.
Cash Flow from Operations was 円3,147 Mil.
Revenue was 円92,272 Mil.
Gross Profit was 円13,625 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (44961.55 + 47481.56) / 2 = 円46221.555 Mil.
Total Assets at the begining of this year (Sep24) was 円44,962 Mil.
Long-Term Debt & Capital Lease Obligation was 円150 Mil.
Total Current Assets was 円32,910 Mil.
Total Current Liabilities was 円19,431 Mil.
Net Income was 円1,269 Mil.

Revenue was 円89,783 Mil.
Gross Profit was 円12,904 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (44002.545 + 44961.55) / 2 = 円44482.0475 Mil.
Total Assets at the begining of last year (Sep23) was 円44,003 Mil.
Long-Term Debt & Capital Lease Obligation was 円167 Mil.
Total Current Assets was 円32,458 Mil.
Total Current Liabilities was 円18,508 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.

Ainavo Holdings Co's current Net Income (TTM) was 1,679. ==> 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.

Ainavo Holdings Co's current Cash Flow from Operations (TTM) was 3,147. ==> 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 (Sep24)
=1679.268/44961.55
=0.03734898

ROA (Last Year)=Net Income/Total Assets (Sep23)
=1268.949/44002.545
=0.02883808

Ainavo Holdings Co's return on assets of this year was 0.03734898. Ainavo Holdings Co's return on assets of last year was 0.02883808. ==> 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.

Ainavo Holdings Co's current Net Income (TTM) was 1,679. Ainavo Holdings Co's current Cash Flow from Operations (TTM) was 3,147. ==> 3,147 > 1,679 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=149.754/46221.555
=0.00323992

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=166.627/44482.0475
=0.00374594

Ainavo Holdings Co's gearing of this year was 0.00323992. Ainavo Holdings Co's gearing of last year was 0.00374594. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=32910.289/19431.463
=1.69365986

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=32457.597/18507.721
=1.75373278

Ainavo Holdings Co's current ratio of this year was 1.69365986. Ainavo Holdings Co's current ratio of last year was 1.75373278. ==> 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.

Ainavo Holdings Co's number of shares in issue this year was 23.197. Ainavo Holdings Co's number of shares in issue last year was 23.131. ==> 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
=13625.145/92272.175
=0.14766255

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12903.98/89782.84
=0.14372435

Ainavo Holdings Co's gross margin of this year was 0.14766255. Ainavo Holdings Co's gross margin of last year was 0.14372435. ==> 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 (Sep24)
=92272.175/44961.55
=2.05224631

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=89782.84/44002.545
=2.04040107

Ainavo Holdings Co's asset turnover of this year was 2.05224631. Ainavo Holdings Co's asset turnover of last year was 2.04040107. ==> 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+0+1+1
=7

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

Ainavo Holdings Co has an F-score of 7. 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 7 mean?
Ainavo Holdings Co (TSE:7539) has a Piotroski F-Score of 7 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ainavo Holdings Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Ainavo Holdings Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Ainavo Holdings Co ranks #184 out of 1731 companies in the Construction industry, placing it in the top 10.6%.
Is Ainavo Holdings Co's Piotroski F-Score too high?
Ainavo Holdings Co's current Piotroski F-Score of 7 is 40% 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 Construction industry median Piotroski F-Score is 5.00. Ainavo Holdings Co's value of 7 is 40% above this industry median. Based on the distribution chart, Ainavo Holdings Co ranks #184 out of 1731 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Ainavo Holdings Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ainavo Holdings Co's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Ainavo Holdings Co ranks #184 out of 1731 companies for Piotroski F-Score. This places Ainavo Holdings Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ainavo Holdings Co's value of 7 is 40% above this benchmark. Historically, Ainavo Holdings 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 5.00 vs. the industry median of 5.00, Ainavo Holdings 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Ainavo Holdings Co's current Piotroski F-Score of 7 is 40% 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 Ainavo Holdings Co and its competitors. For the Construction 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. Ainavo Holdings Co's current Piotroski F-Score is 7, which is 40% 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 Ainavo Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ainavo Holdings Co (TSE:7539) is currently considered Modestly Overvalued. The stock's GF Value™ is 円690.46, compared to a current price of 円814.00 — trading 17.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Construction industry median of 5.00. Ainavo Holdings Co's overall GF Score™ is 81/100 with 4 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 Ainavo Holdings Co (TSE:7539), the current Piotroski F-Score is 7 as of Jul. 02, 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 Ainavo Holdings Co (TSE:7539) Overvalued in 2026?

Based on GuruFocus' analysis, Ainavo Holdings Co stock appears to be overvalued. The current stock price of 円814.00 is trading 17.9% above its estimated GF Value™ of 円690.46. GuruFocus considers Ainavo Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:7539:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円690.46 vs. price of 円814.00 (17.9% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 40% above the Construction median (#184 of 1731)

No single metric tells the full story. See the TSE:7539 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ainavo Holdings Co Business Description

Address 3-3-3 Shikahama, Adachi-ku, Tokyo, JPN, 123-8509
Ainavo Holdings Co Ltd is a Japanese based firm engaged in the design, construction contract and sale of wholesale tile and housing equipment, health equipment and air-conditioning equipment, pipe materials, and import stone. Its product portfolio includes tile/stone, siding, roofing material, wooden building, aluminum building material and wooden precut.
81GF Score

Get the complete analysis for TSE:7539

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

円814.00
Price
円690.46
GF Value