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Menicon CoTSE:7780 -1.92%89 Piotroski F-Score is 7 as of Aug. 02, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:7780 with a GF Score™ of 89/100 and a GF Value™ of 円1,757.51 (Fairly Valued). The stock has 3 warning signs investors should review. Among 800 Medical Devices & Instruments companies, Menicon Co ranks better than 92.75% 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
Menicon 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 Menicon Co's Piotroski F-Score or its related term are showing as below:
TSE:7780'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Menicon Co was 7. The lowest was 4. And the median was 7.
Menicon Co (TSE:7780) 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.
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.
Menicon Co Piotroski F-Score Related Terms
Menicon Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Menicon 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.
TSE:7780 vs ISRG, BDX, MDLN: Piotroski F-Score Comparison
For the Medical Instruments & Supplies subindustry, Menicon 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.
Menicon Co Piotroski F-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Menicon Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Menicon Co's Piotroski F-Score falls into.
* 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.
*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.
Menicon Co's current Net Income (TTM) was 5,916.
==> 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.
Menicon Co's return on assets of this year was 0.03153686. Menicon Co's return on assets of last year was 0.03112695.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Menicon Co's gearing of this year was 0.35424744. Menicon Co's gearing of last year was 0.39115737.
==> 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
Menicon Co's current ratio of this year was 2.70417038. Menicon Co's current ratio of last year was 3.12052695.
==> 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.
Menicon Co's number of shares in issue this year was 75.172. Menicon Co's number of shares in issue last year was 81.281.
==> 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.
Menicon Co's gross margin of this year was 0.53818717. Menicon Co's gross margin of last year was 0.53529891.
==> 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
Menicon Co's asset turnover of this year was 0.66957194. Menicon Co's asset turnover of last year was 0.67565568.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Menicon Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Menicon Co (TSE:7780) has a Piotroski F-Score of 7 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Menicon Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Menicon Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Menicon Co ranks #58 out of 800 companies in the Medical Devices & Instruments industry, placing it in the top 7.2%.
Is Menicon Co's Piotroski F-Score too high?
Menicon Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Menicon Co's value of 7 is 40% above this industry median. Based on the distribution chart, Menicon Co ranks #58 out of 800 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Menicon Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Menicon Co's Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Menicon Co ranks #58 out of 800 companies for Piotroski F-Score. This places Menicon Co in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Menicon Co's value of 7 is 40% above this benchmark. Historically, Menicon Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Menicon 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 800 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. Menicon 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 Menicon Co and its competitors. For the Medical Devices & Instruments 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. Menicon Co's current Piotroski F-Score is 7, which is near 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 Menicon Co stock overvalued right now?
Based on GuruFocus' analysis, Menicon Co (TSE:7780) is currently considered Fairly Valued. The stock's GF Value™ is 円1,757.51, compared to a current price of 円1,735.00 — trading 1.3% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Medical Devices & Instruments industry median of 5.00. Menicon Co's overall GF Score™ is 89/100 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 Menicon Co (TSE:7780), the current Piotroski F-Score is 7 as of Aug. 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 Menicon Co (TSE:7780) Overvalued in 2026?
Based on GuruFocus' analysis, Menicon Co stock appears to be undervalued.
The current stock price of 円1,735.00 is trading 1.3% below its estimated GF Value™ of 円1,757.51.
GuruFocus considers Menicon Co to be Fairly Valued.
Key valuation signals for TSE:7780:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: 円1,757.51 vs. price of 円1,735.00 (1.3% below fair value)
Industry Position: 40% above the Medical Devices & Instruments median (#58 of 800)
No single metric tells the full story. See the TSE:7780 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Menicon Co Ltd is a contact lens manufacturing company. It is involved in manufacturing, sales, export, and import of contact lenses and other medical goods, manufacturing and sales of medical instruments, sales of medical supplies and research and development of intraocular lenses. The firm's products include soft lenses, gas permeable lenses and lens care products.
89GF Score
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