Graphite Design (TSE:7847) Piotroski F-Score: 3 (As of Jul. 15, 2026) — 50% Below Median

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TSE:7847 Graphite Design Inc TSE:7847
66 GF Score
Price 円639.00
GF Value 円640.87
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Graphite Design Piotroski F-Score?

Graphite Design TSE:7847 +1.11% 66 Piotroski F-Score is 3 as of Jul. 15, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TSE:7847 with a GF Score™ of 66/100 and a GF Value™ of 円640.87 (Fairly Valued). The stock has 7 warning signs investors should review. Among 832 Travel & Leisure companies, Graphite Design ranks worse than 87.62% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Graphite Design has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TSE:7847' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Graphite Design was 8. The lowest was 3. And the median was 6.

Graphite Design  (TSE:7847) 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.


Graphite Design Piotroski F-Score Related Terms


Graphite Design Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Graphite Design'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.

Graphite Design Piotroski F-Score Chart

Graphite Design Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 5.00 6.00 3.00

Graphite Design Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 5.00 0.00 6.00 0.00 3.00

TSE:7847 vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Graphite Design'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.


Graphite Design Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Graphite Design's Piotroski F-Score distribution charts can be found below:

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


TSE:7847
66GF Score
Graphite Design Inc TSE:7847
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円144 Mil.
Cash Flow from Operations was 円-191 Mil.
Revenue was 円2,712 Mil.
Gross Profit was 円1,482 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (6783.195 + 7019.162) / 2 = 円6901.1785 Mil.
Total Assets at the begining of this year (Feb25) was 円6,783 Mil.
Long-Term Debt & Capital Lease Obligation was 円646 Mil.
Total Current Assets was 円4,537 Mil.
Total Current Liabilities was 円794 Mil.
Net Income was 円377 Mil.

Revenue was 円3,074 Mil.
Gross Profit was 円1,760 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (6045.497 + 6783.195) / 2 = 円6414.346 Mil.
Total Assets at the begining of last year (Feb24) was 円6,045 Mil.
Long-Term Debt & Capital Lease Obligation was 円303 Mil.
Total Current Assets was 円5,053 Mil.
Total Current Liabilities was 円944 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.

Graphite Design's current Net Income (TTM) was 144. ==> 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.

Graphite Design's current Cash Flow from Operations (TTM) was -191. ==> Negative ==> Score 0.

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 (Feb25)
=144.367/6783.195
=0.02128304

ROA (Last Year)=Net Income/Total Assets (Feb24)
=376.83/6045.497
=0.06233234

Graphite Design's return on assets of this year was 0.02128304. Graphite Design's return on assets of last year was 0.06233234. ==> 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.

Graphite Design's current Net Income (TTM) was 144. Graphite Design's current Cash Flow from Operations (TTM) was -191. ==> -191 <= 144 ==> CFROA <= ROA ==> Score 0.

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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=646.184/6901.1785
=0.09363386

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=303.14/6414.346
=0.04725969

Graphite Design's gearing of this year was 0.09363386. Graphite Design's gearing of last year was 0.04725969. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=4537.177/794.42
=5.71130762

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=5052.667/944.026
=5.35225407

Graphite Design's current ratio of this year was 5.71130762. Graphite Design's current ratio of last year was 5.35225407. ==> 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.

Graphite Design's number of shares in issue this year was 6.485. Graphite Design's number of shares in issue last year was 6.485. ==> 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
=1481.755/2711.902
=0.54638958

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1759.929/3074.054
=0.57251076

Graphite Design's gross margin of this year was 0.54638958. Graphite Design's gross margin of last year was 0.57251076. ==> 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 (Feb25)
=2711.902/6783.195
=0.39979715

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=3074.054/6045.497
=0.50848656

Graphite Design's asset turnover of this year was 0.39979715. Graphite Design's asset turnover of last year was 0.50848656. ==> 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+0+0+0+0+1+1+0+0
=3

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

Graphite Design has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Graphite Design (TSE:7847) has a Piotroski F-Score of 3 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Graphite Design and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Graphite Design's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Graphite Design ranks #729 out of 832 companies in the Travel & Leisure industry, placing it in the top 87.6%.
Is Graphite Design's Piotroski F-Score too high?
Graphite Design's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Graphite Design's value of 3 is 40% below this industry median. Based on the distribution chart, Graphite Design ranks #729 out of 832 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Graphite Design has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Graphite Design's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Graphite Design ranks #729 out of 832 companies for Piotroski F-Score. This places Graphite Design in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Graphite Design's value of 3 is 40% below this benchmark. Historically, Graphite Design'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 6.00 vs. the industry median of 5.00, Graphite Design has consistently been below 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 832 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. Graphite Design's current Piotroski F-Score of 3 is 40% below 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 Graphite Design and its competitors. For the Travel & Leisure 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. Graphite Design's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graphite Design stock overvalued right now?
Based on GuruFocus' analysis, Graphite Design (TSE:7847) is currently considered Fairly Valued. The stock's GF Value™ is 円640.87, compared to a current price of 円639.00 — trading 0.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Travel & Leisure industry median of 5.00. Graphite Design's overall GF Score™ is 66/100 with 7 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 Graphite Design (TSE:7847), the current Piotroski F-Score is 3 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 Graphite Design (TSE:7847) Overvalued in 2026?

Based on GuruFocus' analysis, Graphite Design stock appears to be undervalued. The current stock price of 円639.00 is trading 0.3% below its estimated GF Value™ of 円640.87. GuruFocus considers Graphite Design to be Fairly Valued.

Key valuation signals for TSE:7847:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: 円640.87 vs. price of 円639.00 (0.3% below fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 40% below the Travel & Leisure median (#729 of 832)

No single metric tells the full story. See the TSE:7847 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Graphite Design Business Description

Address 2474-1 Ota, Saitama, Chichibu-shi, JPN, 368-0065
Graphite Design Inc is engaged in manufacture and sale of carbon golf club shaft assembly and processing of golf club.
66GF Score

Get the complete analysis for TSE:7847

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

円639.00
Price
円640.87
GF Value