Chori Co (TSE:8014) Piotroski F-Score: 6 (As of Aug. 02, 2026) — Near Median

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TSE:8014 Chori Co Ltd TSE:8014
77 GF Score
Price 円3,905.00
GF Value 円3,417.76
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Chori Co Piotroski F-Score?

Chori Co TSE:8014 -1.14% 77 Piotroski F-Score is 6 as of Aug. 02, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:8014 with a GF Score™ of 77/100 and a GF Value™ of 円3,417.76 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 556 Conglomerates companies, Chori Co ranks better than 72.84% 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

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

TSE:8014' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Chori Co was 7. The lowest was 4. And the median was 6.

Chori Co  (TSE:8014) 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.


Chori Co Piotroski F-Score Related Terms


Chori Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chori 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.

Chori Co Piotroski F-Score Chart

Chori 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 4.00 6.00 7.00 7.00 6.00

Chori Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 6.00 0.00

TSE:8014 vs MMM, HON: Piotroski F-Score Comparison

For the Conglomerates subindustry, Chori 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.


Chori Co Piotroski F-Score vs Conglomerates Industry

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

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


TSE:8014
77GF Score
Chori Co Ltd TSE:8014
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12,011 Mil.
Cash Flow from Operations was 円11,543 Mil.
Revenue was 円299,293 Mil.
Gross Profit was 円41,123 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (146076 + 153373) / 2 = 円149724.5 Mil.
Total Assets at the begining of this year (Mar25) was 円146,076 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円126,931 Mil.
Total Current Liabilities was 円46,978 Mil.
Net Income was 円11,658 Mil.

Revenue was 円311,546 Mil.
Gross Profit was 円40,515 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (143350 + 146076) / 2 = 円144713 Mil.
Total Assets at the begining of last year (Mar24) was 円143,350 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円121,566 Mil.
Total Current Liabilities was 円50,556 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.

Chori Co's current Net Income (TTM) was 12,011. ==> 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.

Chori Co's current Cash Flow from Operations (TTM) was 11,543. ==> 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)
=12011/146076
=0.08222432

ROA (Last Year)=Net Income/Total Assets (Mar24)
=11658/143350
=0.08132543

Chori Co's return on assets of this year was 0.08222432. Chori Co's return on assets of last year was 0.08132543. ==> 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.

Chori Co's current Net Income (TTM) was 12,011. Chori Co's current Cash Flow from Operations (TTM) was 11,543. ==> 11,543 <= 12,011 ==> 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
=0/149724.5
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/144713
=0

Chori Co's gearing of this year was 0. Chori 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
=126931/46978
=2.7019243

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=121566/50556
=2.40458106

Chori Co's current ratio of this year was 2.7019243. Chori Co's current ratio of last year was 2.40458106. ==> 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.

Chori Co's number of shares in issue this year was 24.645. Chori Co's number of shares in issue last year was 24.644. ==> 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
=41123/299293
=0.13740047

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=40515/311546
=0.130045

Chori Co's gross margin of this year was 0.13740047. Chori Co's gross margin of last year was 0.130045. ==> 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 (Mar25)
=299293/146076
=2.04888551

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=311546/143350
=2.17332403

Chori Co's asset turnover of this year was 2.04888551. Chori Co's asset turnover of last year was 2.17332403. ==> 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+1+0+1+1+0+1+0
=6

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

Chori 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?
Chori Co (TSE:8014) has a Piotroski F-Score of 6 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chori Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Chori Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Chori Co ranks #151 out of 556 companies in the Conglomerates industry, placing it in the top 27.2%.
Is Chori Co's Piotroski F-Score too high?
Chori Co's current Piotroski F-Score of 6 is near 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 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Chori Co's value of 6 is 20% above this industry median. Based on the distribution chart, Chori Co ranks #151 out of 556 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Chori Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chori Co's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Chori Co ranks #151 out of 556 companies for Piotroski F-Score. This puts Chori Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Chori Co's value of 6 is 20% above this benchmark. Historically, Chori 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 6.00 vs. the industry median of 5.00, Chori 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 556 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. Chori 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 Chori Co and its competitors. For the Conglomerates 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. Chori Co's current Piotroski F-Score is 6, which is near 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 Chori Co stock overvalued right now?
Based on GuruFocus' analysis, Chori Co (TSE:8014) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,417.76, compared to a current price of 円3,905.00 — trading 14.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Conglomerates industry median of 5.00. Chori Co's overall GF Score™ is 77/100 with 1 warning sign 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 Chori Co (TSE:8014), the current Piotroski F-Score is 6 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 Chori Co (TSE:8014) Overvalued in 2026?

Based on GuruFocus' analysis, Chori Co stock appears to be overvalued. The current stock price of 円3,905.00 is trading 14.3% above its estimated GF Value™ of 円3,417.76. GuruFocus considers Chori Co to be Modestly Overvalued.

Key valuation signals for TSE:8014:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円3,417.76 vs. price of 円3,905.00 (14.3% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 20% above the Conglomerates median (#151 of 556)

No single metric tells the full story. See the TSE:8014 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chori Co Business Description

Address 2-15-3 Konan, Minato-ku, Tokyo, JPN, 108-6216
Chori Co Ltd engages in textiles, chemicals, and machinery businesses. The textile business is engaged in weaving, knitting, dyeing and sewing. It sells polyester threads mainly for materials such as car seats, and handling fabrics centering on car seats and for apparels. Chemical business develops inorganic chemicals and mineral products for cosmetics, personal care and food additive applications. Machinery businesses export agricultural machinery, construction machinery, industrial equipment, and marine equipment. Chori has geographic operations in China, Japan, Europe, the United States, Hong Kong, and the Middle East.
77GF Score

Get the complete analysis for TSE:8014

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

円3,905.00
Price
円3,417.76
GF Value