Yonex Co (TSE:7906) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 33% Below Median


TSE:7906 Yonex Co Ltd TSE:7906
89 GF Score
Price 円2,297.00
GF Value 円2,844.70
Valuation Modestly Undervalued
View Full Analysis

What is Yonex Co Piotroski F-Score?

Yonex Co TSE:7906 -0.30% 89 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:7906 with a GF Score™ of 89/100 and a GF Value™ of 円2,844.70 (Modestly Undervalued). Among 840 Travel & Leisure companies, Yonex Co ranks worse than 69.88% 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

Yonex Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:7906' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Yonex Co was 8. The lowest was 4. And the median was 6.

Yonex Co  (TSE:7906) 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.


Yonex Co Piotroski F-Score Related Terms


Yonex Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yonex 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.

Yonex Co Piotroski F-Score Chart

Yonex 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 4.00

Yonex Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 7.00 0.00 0.00 0.00 4.00

TSE:7906 vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Yonex 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.


Yonex Co Piotroski F-Score vs Travel & Leisure Industry

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

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


TSE:7906
89GF Score
Yonex Co Ltd TSE:7906
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12,092 Mil.
Cash Flow from Operations was 円9,485 Mil.
Revenue was 円163,643 Mil.
Gross Profit was 円72,527 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (109551 + 128620) / 2 = 円119085.5 Mil.
Total Assets at the begining of this year (Mar25) was 円109,551 Mil.
Long-Term Debt & Capital Lease Obligation was 円16,120 Mil.
Total Current Assets was 円85,693 Mil.
Total Current Liabilities was 円26,607 Mil.
Net Income was 円10,591 Mil.

Revenue was 円138,276 Mil.
Gross Profit was 円62,061 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (91226 + 109551) / 2 = 円100388.5 Mil.
Total Assets at the begining of last year (Mar24) was 円91,226 Mil.
Long-Term Debt & Capital Lease Obligation was 円9,682 Mil.
Total Current Assets was 円73,216 Mil.
Total Current Liabilities was 円24,931 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.

Yonex Co's current Net Income (TTM) was 12,092. ==> 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.

Yonex Co's current Cash Flow from Operations (TTM) was 9,485. ==> 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)
=12092/109551
=0.11037781

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10591/91226
=0.11609629

Yonex Co's return on assets of this year was 0.11037781. Yonex Co's return on assets of last year was 0.11609629. ==> 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.

Yonex Co's current Net Income (TTM) was 12,092. Yonex Co's current Cash Flow from Operations (TTM) was 9,485. ==> 9,485 <= 12,092 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=16120/119085.5
=0.13536493

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9682/100388.5
=0.09644531

Yonex Co's gearing of this year was 0.13536493. Yonex Co's gearing of last year was 0.09644531. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=85693/26607
=3.2206938

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=73216/24931
=2.93674542

Yonex Co's current ratio of this year was 3.2206938. Yonex Co's current ratio of last year was 2.93674542. ==> 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.

Yonex Co's number of shares in issue this year was 85.51. Yonex Co's number of shares in issue last year was 86.13. ==> 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
=72527/163643
=0.44320258

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=62061/138276
=0.44881975

Yonex Co's gross margin of this year was 0.44320258. Yonex Co's gross margin of last year was 0.44881975. ==> 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)
=163643/109551
=1.4937609

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=138276/91226
=1.51575209

Yonex Co's asset turnover of this year was 1.4937609. Yonex Co's asset turnover of last year was 1.51575209. ==> 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+0+0+1+1+0+0
=4

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

Yonex Co has an F-score of 4 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 4 mean?
Yonex Co (TSE:7906) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yonex Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Yonex Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Yonex Co ranks #587 out of 840 companies in the Travel & Leisure industry, placing it in the top 69.9%.
Is Yonex Co's Piotroski F-Score too high?
Yonex Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Yonex Co's value of 4 is 20% below this industry median. Based on the distribution chart, Yonex Co ranks #587 out of 840 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Yonex Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yonex Co's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Yonex Co ranks #587 out of 840 companies for Piotroski F-Score. This places Yonex Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Yonex Co's value of 4 is 20% below this benchmark. Historically, Yonex Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Yonex Co 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 840 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. Yonex Co's current Piotroski F-Score of 4 is 20% 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 Yonex Co 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. Yonex Co's current Piotroski F-Score is 4, which is 33% 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 Yonex Co stock overvalued right now?
Based on GuruFocus' analysis, Yonex Co (TSE:7906) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,844.70, compared to a current price of 円2,297.00 — trading 19.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Travel & Leisure industry median of 5.00. Yonex Co's overall GF Score™ is 89/100. 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 Yonex Co (TSE:7906), the current Piotroski F-Score is 4 as of Jun. 27, 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 Yonex Co (TSE:7906) Overvalued in 2026?

Based on GuruFocus' analysis, Yonex Co stock appears to be undervalued. The current stock price of 円2,297.00 is trading 19.3% below its estimated GF Value™ of 円2,844.70. GuruFocus considers Yonex Co to be Modestly Undervalued.

Key valuation signals for TSE:7906:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: 円2,844.70 vs. price of 円2,297.00 (19.3% below fair value)
  • GF Score™: 89/100
  • Industry Position: 20% below the Travel & Leisure median (#587 of 840)

No single metric tells the full story. See the TSE:7906 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yonex Co Business Description

Address 3-23-13 Yushima, Bunkyo-ku, Tokyo, JPN, 113-8543
Yonex Co Ltd is a Japan based company engaged in manufacture and sale of sporting goods and golf course management. It produces Badminton Equipment, Tennis, Soft Tennis Equipment, and Golf Equipment. The Badminton Equipment includes Racquets, shuttlecocks, strings, apparel, shoes, bags, etc.; The Tennis, Soft Tennis Equipment includes Racquets, strings, apparel, shoes, bags, balls, etc. and Golf Equipment includes Woods, irons, putters, shafts, apparel, shoes, bags, accessories, etc. It has four geographical segments Japan, North America, Europe, and Asia.
89GF Score

Get the complete analysis for TSE:7906

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

円2,297.00
Price
円2,844.70
GF Value