Hakudo Co (TSE:7637) Piotroski F-Score: 6 (As of Jul. 09, 2026) — 14% Below Median


TSE:7637 Hakudo Co Ltd TSE:7637
83 GF Score
Price 円3,280.00
GF Value 円2,625.03
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Hakudo Co Piotroski F-Score?

Hakudo Co TSE:7637 -1.06% 83 Piotroski F-Score is 6 as of Jul. 09, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:7637 with a GF Score™ of 83/100 and a GF Value™ of 円2,625.03 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,975 Industrial Products companies, Hakudo Co ranks better than 75.53% 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

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

TSE:7637' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Hakudo Co was 8. The lowest was 5. And the median was 7.

Hakudo Co  (TSE:7637) 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.


Hakudo Co Piotroski F-Score Related Terms


Hakudo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hakudo 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.

Hakudo Co Piotroski F-Score Chart

Hakudo 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 8.00 5.00 6.00 7.00 6.00

Hakudo 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 6.00 0.00 7.00 0.00 6.00

TSE:7637 vs CRS, ATI, MLI: Piotroski F-Score Comparison

For the Metal Fabrication subindustry, Hakudo 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.


Hakudo Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hakudo Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7637
83GF Score
Hakudo Co Ltd TSE:7637
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2,146 Mil.
Cash Flow from Operations was 円4,494 Mil.
Revenue was 円68,110 Mil.
Gross Profit was 円10,609 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (44745.25 + 47564.35) / 2 = 円46154.8 Mil.
Total Assets at the begining of this year (Mar25) was 円44,745 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円36,925 Mil.
Total Current Liabilities was 円21,960 Mil.
Net Income was 円2,237 Mil.

Revenue was 円66,410 Mil.
Gross Profit was 円10,573 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (42015.751 + 44745.25) / 2 = 円43380.5005 Mil.
Total Assets at the begining of last year (Mar24) was 円42,016 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円35,029 Mil.
Total Current Liabilities was 円20,920 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.

Hakudo Co's current Net Income (TTM) was 2,146. ==> 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.

Hakudo Co's current Cash Flow from Operations (TTM) was 4,494. ==> 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)
=2146.289/44745.25
=0.04796686

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2236.985/42015.751
=0.05324158

Hakudo Co's return on assets of this year was 0.04796686. Hakudo Co's return on assets of last year was 0.05324158. ==> 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.

Hakudo Co's current Net Income (TTM) was 2,146. Hakudo Co's current Cash Flow from Operations (TTM) was 4,494. ==> 4,494 > 2,146 ==> 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
=0/46154.8
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/43380.5005
=0

Hakudo Co's gearing of this year was 0. Hakudo Co's gearing of last year was 0. ==> 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
=36925.375/21959.745
=1.6815029

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=35028.63/20919.795
=1.67442511

Hakudo Co's current ratio of this year was 1.6815029. Hakudo Co's current ratio of last year was 1.67442511. ==> This year's current ratio is higher. ==> Score 1.

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.

Hakudo Co's number of shares in issue this year was 11.342. Hakudo Co's number of shares in issue last year was 11.342. ==> 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
=10609.425/68109.588
=0.15576992

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10573.184/66410.187
=0.15921027

Hakudo Co's gross margin of this year was 0.15576992. Hakudo Co's gross margin of last year was 0.15921027. ==> 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 (Mar25)
=68109.588/44745.25
=1.52216354

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=66410.187/42015.751
=1.58060217

Hakudo Co's asset turnover of this year was 1.52216354. Hakudo Co's asset turnover of last year was 1.58060217. ==> 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+1+1+0+0
=6

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

Hakudo 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?
Hakudo Co (TSE:7637) has a Piotroski F-Score of 6 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hakudo Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Hakudo Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Hakudo Co ranks #728 out of 2975 companies in the Industrial Products industry, placing it in the top 24.5%.
Is Hakudo Co's Piotroski F-Score too high?
Hakudo Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Hakudo Co's value of 6 is 20% above this industry median. Based on the distribution chart, Hakudo Co ranks #728 out of 2975 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hakudo Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hakudo Co's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Hakudo Co ranks #728 out of 2975 companies for Piotroski F-Score. This places Hakudo Co in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hakudo Co's value of 6 is 20% above this benchmark. Historically, Hakudo Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Hakudo 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,975 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. Hakudo 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 Hakudo Co and its competitors. For the Industrial Products 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. Hakudo Co's current Piotroski F-Score is 6, which is 14% below 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 Hakudo Co stock overvalued right now?
Based on GuruFocus' analysis, Hakudo Co (TSE:7637) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,625.03, compared to a current price of 円3,280.00 — trading 25% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Industrial Products industry median of 5.00. Hakudo Co's overall GF Score™ is 83/100 with 3 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 Hakudo Co (TSE:7637), the current Piotroski F-Score is 6 as of Jul. 09, 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 Hakudo Co (TSE:7637) Overvalued in 2026?

Based on GuruFocus' analysis, Hakudo Co stock appears to be overvalued. The current stock price of 円3,280.00 is trading 25% above its estimated GF Value™ of 円2,625.03. GuruFocus considers Hakudo Co to be Modestly Overvalued.

Key valuation signals for TSE:7637:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: 円2,625.03 vs. price of 円3,280.00 (25% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 20% above the Industrial Products median (#728 of 2975)

No single metric tells the full story. See the TSE:7637 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hakudo Co Business Description

Address 11th Floor, Mitsubishi Building, 2-5-2, Marunouchi,Chiyoda-ku, Tokyo, JPN, 107-6322
Hakudo Co Ltd is the metal and plastic distributor in Japan, specializing in cutting and processing materials. The company offers non-ferrous metals such as aluminium and copper, as well as stainless steel, special steel, titanium and engineering plastics. In addition, the company also offers metal and plastic materials.
83GF Score

Get the complete analysis for TSE:7637

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

円3,280.00
Price
円2,625.03
GF Value