Astena Holdings Co (TSE:8095) Piotroski F-Score: 7 (As of Jul. 09, 2026) — 17% Above Median


TSE:8095 Astena Holdings Co Ltd TSE:8095
65 GF Score
Price 円515.00
GF Value 円579.74
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Astena Holdings Co Piotroski F-Score?

Astena Holdings Co TSE:8095 -0.19% 65 Piotroski F-Score is 7 as of Jul. 09, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:8095 with a GF Score™ of 65/100 and a GF Value™ of 円579.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 558 Conglomerates companies, Astena Holdings Co ranks better than 89.61% 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

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

TSE:8095' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Astena Holdings Co was 9. The lowest was 3. And the median was 6.

Astena Holdings Co  (TSE:8095) 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.


Astena Holdings Co Piotroski F-Score Related Terms


Astena Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Astena Holdings 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.

Astena Holdings Co Piotroski F-Score Chart

Astena Holdings Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 8.00 5.00 7.00

Astena Holdings Co Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 8.00 0.00 5.00 0.00 7.00

TSE:8095 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Astena Holdings 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.


Astena Holdings Co Piotroski F-Score vs Conglomerates Industry

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

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


TSE:8095
65GF Score
Astena Holdings Co Ltd TSE:8095
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was 円2,187 Mil.
Cash Flow from Operations was 円3,393 Mil.
Revenue was 円62,744 Mil.
Gross Profit was 円21,866 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (64595 + 75441) / 2 = 円70018 Mil.
Total Assets at the begining of this year (Nov24) was 円64,595 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,391 Mil.
Total Current Assets was 円47,339 Mil.
Total Current Liabilities was 円38,074 Mil.
Net Income was 円-2,525 Mil.

Revenue was 円57,993 Mil.
Gross Profit was 円19,369 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (67254.75 + 64595) / 2 = 円65924.875 Mil.
Total Assets at the begining of last year (Nov23) was 円67,255 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,531 Mil.
Total Current Assets was 円39,141 Mil.
Total Current Liabilities was 円31,903 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.

Astena Holdings Co's current Net Income (TTM) was 2,187. ==> 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.

Astena Holdings Co's current Cash Flow from Operations (TTM) was 3,393. ==> 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 (Nov24)
=2187/64595
=0.03385711

ROA (Last Year)=Net Income/Total Assets (Nov23)
=-2525/67254.75
=-0.03754382

Astena Holdings Co's return on assets of this year was 0.03385711. Astena Holdings Co's return on assets of last year was -0.03754382. ==> 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.

Astena Holdings Co's current Net Income (TTM) was 2,187. Astena Holdings Co's current Cash Flow from Operations (TTM) was 3,393. ==> 3,393 > 2,187 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=6391/70018
=0.09127653

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=3531/65924.875
=0.05356097

Astena Holdings Co's gearing of this year was 0.09127653. Astena Holdings Co's gearing of last year was 0.05356097. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=47339/38074
=1.24334191

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=39141/31903
=1.22687522

Astena Holdings Co's current ratio of this year was 1.24334191. Astena Holdings Co's current ratio of last year was 1.22687522. ==> 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.

Astena Holdings Co's number of shares in issue this year was 40.331. Astena Holdings Co's number of shares in issue last year was 39.97. ==> 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
=21866/62744
=0.34849547

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19369/57993
=0.33398858

Astena Holdings Co's gross margin of this year was 0.34849547. Astena Holdings Co's gross margin of last year was 0.33398858. ==> 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 (Nov24)
=62744/64595
=0.97134453

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=57993/67254.75
=0.86228854

Astena Holdings Co's asset turnover of this year was 0.97134453. Astena Holdings Co's asset turnover of last year was 0.86228854. ==> This year's asset turnover is higher. ==> Score 1.

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+1+0+1+0+1+1
=7

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

Astena Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Astena Holdings Co (TSE:8095) has a Piotroski F-Score of 7 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Astena Holdings Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Astena Holdings Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Astena Holdings Co ranks #58 out of 558 companies in the Conglomerates industry, placing it in the top 10.4%.
Is Astena Holdings Co's Piotroski F-Score too high?
Astena Holdings Co's current Piotroski F-Score of 7 is 17% above 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 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. Astena Holdings Co's value of 7 is 40% above this industry median. Based on the distribution chart, Astena Holdings Co ranks #58 out of 558 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Astena Holdings Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Astena Holdings Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Astena Holdings Co ranks #58 out of 558 companies for Piotroski F-Score. This places Astena Holdings Co in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Astena Holdings Co's value of 7 is 40% above this benchmark. Historically, Astena Holdings Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Astena Holdings 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 558 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. Astena Holdings 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 Astena Holdings 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. Astena Holdings Co's current Piotroski F-Score is 7, which is 17% above 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 Astena Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Astena Holdings Co (TSE:8095) is currently considered Modestly Undervalued. The stock's GF Value™ is 円579.74, compared to a current price of 円515.00 — trading 11.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Conglomerates industry median of 5.00. Astena Holdings Co's overall GF Score™ is 65/100 with 5 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 Astena Holdings Co (TSE:8095), the current Piotroski F-Score is 7 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 Astena Holdings Co (TSE:8095) Overvalued in 2026?

Based on GuruFocus' analysis, Astena Holdings Co stock appears to be undervalued. The current stock price of 円515.00 is trading 11.2% below its estimated GF Value™ of 円579.74. GuruFocus considers Astena Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:8095:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円579.74 vs. price of 円515.00 (11.2% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 40% above the Conglomerates median (#58 of 558)

No single metric tells the full story. See the TSE:8095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Astena Holdings Co Business Description

Address 8-2 Nihonbashi Honcho 4-Chome, Chuo-ku, Tokyo, JPN, 103-8403
Astena Holdings Co Ltd formerly Iwaki & Co Ltd is engaged in sale of pharmaceuticals, quasi-medicines, veterinary drugs, and medical equipment. It is also engaged in the sale of raw materials for medicines and cosmetics, health foods, chemicals and synthetic resins.
65GF Score

Get the complete analysis for TSE:8095

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

円515.00
Price
円579.74
GF Value