Sangetsu (TSE:8130) Piotroski F-Score: 5 (As of Jun. 30, 2026) — 17% Below Median


TSE:8130 Sangetsu Corp TSE:8130
78 GF Score
Price 円2,956.00
GF Value 円3,148.42
Valuation Fairly Valued
! 1 Warning Sign
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What is Sangetsu Piotroski F-Score?

Sangetsu TSE:8130 +0.20% 78 Piotroski F-Score is 5 as of Jun. 30, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:8130 with a GF Score™ of 78/100 and a GF Value™ of 円3,148.42 (Fairly Valued). The stock has 1 warning sign investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Sangetsu ranks better than 59.06% 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

Sangetsu has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:8130' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

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

Sangetsu  (TSE:8130) 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.


Sangetsu Piotroski F-Score Related Terms


Sangetsu Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sangetsu'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.

Sangetsu Piotroski F-Score Chart

Sangetsu 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 7.00 8.00 4.00 5.00 5.00

Sangetsu 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 5.00 0.00 0.00 0.00 5.00

TSE:8130 vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Sangetsu'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.


Sangetsu Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sangetsu's Piotroski F-Score distribution charts can be found below:

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


TSE:8130
78GF Score
Sangetsu Corp TSE:8130
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14,642 Mil.
Cash Flow from Operations was 円14,320 Mil.
Revenue was 円206,441 Mil.
Gross Profit was 円64,729 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (183923 + 188907) / 2 = 円186415 Mil.
Total Assets at the begining of this year (Mar25) was 円183,923 Mil.
Long-Term Debt & Capital Lease Obligation was 円13,611 Mil.
Total Current Assets was 円118,020 Mil.
Total Current Liabilities was 円45,011 Mil.
Net Income was 円12,550 Mil.

Revenue was 円200,378 Mil.
Gross Profit was 円62,373 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (170750 + 183923) / 2 = 円177336.5 Mil.
Total Assets at the begining of last year (Mar24) was 円170,750 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,177 Mil.
Total Current Assets was 円117,011 Mil.
Total Current Liabilities was 円58,276 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.

Sangetsu's current Net Income (TTM) was 14,642. ==> 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.

Sangetsu's current Cash Flow from Operations (TTM) was 14,320. ==> 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)
=14642/183923
=0.0796094

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12550/170750
=0.07349927

Sangetsu's return on assets of this year was 0.0796094. Sangetsu's return on assets of last year was 0.07349927. ==> 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.

Sangetsu's current Net Income (TTM) was 14,642. Sangetsu's current Cash Flow from Operations (TTM) was 14,320. ==> 14,320 <= 14,642 ==> 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
=13611/186415
=0.07301451

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3177/177336.5
=0.01791509

Sangetsu's gearing of this year was 0.07301451. Sangetsu's gearing of last year was 0.01791509. ==> 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
=118020/45011
=2.62202573

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=117011/58276
=2.00787631

Sangetsu's current ratio of this year was 2.62202573. Sangetsu's current ratio of last year was 2.00787631. ==> 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.

Sangetsu's number of shares in issue this year was 58.787. Sangetsu's number of shares in issue last year was 58.763. ==> 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
=64729/206441
=0.31354721

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=62373/200378
=0.31127669

Sangetsu's gross margin of this year was 0.31354721. Sangetsu's gross margin of last year was 0.31127669. ==> 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)
=206441/183923
=1.12243167

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=200378/170750
=1.17351684

Sangetsu's asset turnover of this year was 1.12243167. Sangetsu's asset turnover of last year was 1.17351684. ==> 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+0+1+0+1+0
=5

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

Sangetsu has an F-score of 5 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 5 mean?
Sangetsu (TSE:8130) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sangetsu and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Sangetsu's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Sangetsu ranks #174 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 40.9%.
Is Sangetsu's Piotroski F-Score too high?
Sangetsu's current Piotroski F-Score of 5 is 17% 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 Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Sangetsu's value of 5 is 0% at this industry median. Based on the distribution chart, Sangetsu ranks #174 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Sangetsu has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sangetsu's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Sangetsu ranks #174 out of 425 companies for Piotroski F-Score. This puts Sangetsu in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sangetsu's value of 5 is 0% at this benchmark. Historically, Sangetsu'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, Sangetsu has consistently been at 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 425 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. Sangetsu's current Piotroski F-Score of 5 is 0% at 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 Sangetsu and its competitors. For the Furnishings, Fixtures & Appliances 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. Sangetsu's current Piotroski F-Score is 5, which is 17% 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 Sangetsu stock overvalued right now?
Based on GuruFocus' analysis, Sangetsu (TSE:8130) is currently considered Fairly Valued. The stock's GF Value™ is 円3,148.42, compared to a current price of 円2,956.00 — trading 6.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Furnishings, Fixtures & Appliances industry median of 5.00. Sangetsu's overall GF Score™ is 78/100 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 Sangetsu (TSE:8130), the current Piotroski F-Score is 5 as of Jun. 30, 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 Sangetsu (TSE:8130) Overvalued in 2026?

Based on GuruFocus' analysis, Sangetsu stock appears to be undervalued. The current stock price of 円2,956.00 is trading 6.1% below its estimated GF Value™ of 円3,148.42. GuruFocus considers Sangetsu to be Fairly Valued.

Key valuation signals for TSE:8130:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円3,148.42 vs. price of 円2,956.00 (6.1% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 0% at the Furnishings, Fixtures & Appliances median (#174 of 425)

No single metric tells the full story. See the TSE:8130 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sangetsu Business Description

Other Exchanges 8130:Japan
Address 1-4-1, Habashita Nishi-ku, Nagoya, JPN, 451-8575
Sangetsu Corp is a Japan-based company engaged in the development and sale of interior decorating products. It offers wall-coverings, curtains, flooring materials, and upholstery. The company sells various traditional Japanese interior decorating products including scrolls, wall scrolls, folding screens, sliding doors, partitions, and other products made of cloth and paper. The company's business segments include Interior, Exterior and Lighting segments. The majority of the company's revenue is generated from the Interior segment.
78GF Score

Get the complete analysis for TSE:8130

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

円2,956.00
Price
円3,148.42
GF Value