Mitaningyo Co (TSE:8285) Piotroski F-Score: 9 (As of Jul. 12, 2026) — 29% Above Median


TSE:8285 Mitani Sangyo Co Ltd TSE:8285
72 GF Score
Price 円710.00
GF Value 円437.40
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Mitaningyo Co Piotroski F-Score?

Mitaningyo Co TSE:8285 +0.57% 72 Piotroski F-Score is 9 as of Jul. 12, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:8285 with a GF Score™ of 72/100 and a GF Value™ of 円437.40 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 560 Conglomerates companies, Mitaningyo Co ranks better than 99.82% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Mitaningyo Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:8285' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Mitaningyo Co was 9. The lowest was 3. And the median was 7.

Mitaningyo Co  (TSE:8285) 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.


Mitaningyo Co Piotroski F-Score Related Terms


Mitaningyo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mitaningyo 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.

Mitaningyo Co Piotroski F-Score Chart

Mitaningyo 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 3.00 6.00 9.00 7.00 9.00

Mitaningyo Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 9.00 0.00 7.00 0.00 9.00

TSE:8285 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Mitaningyo 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.


Mitaningyo Co Piotroski F-Score vs Conglomerates Industry

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

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


TSE:8285
72GF Score
Mitani Sangyo Co Ltd TSE:8285
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3,627 Mil.
Cash Flow from Operations was 円8,562 Mil.
Revenue was 円117,531 Mil.
Gross Profit was 円22,711 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (93496 + 101531) / 2 = 円97513.5 Mil.
Total Assets at the begining of this year (Mar25) was 円93,496 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,616 Mil.
Total Current Assets was 円45,537 Mil.
Total Current Liabilities was 円33,702 Mil.
Net Income was 円2,440 Mil.

Revenue was 円103,072 Mil.
Gross Profit was 円19,864 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (94869 + 93496) / 2 = 円94182.5 Mil.
Total Assets at the begining of last year (Mar24) was 円94,869 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,290 Mil.
Total Current Assets was 円46,060 Mil.
Total Current Liabilities was 円36,786 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.

Mitaningyo Co's current Net Income (TTM) was 3,627. ==> 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.

Mitaningyo Co's current Cash Flow from Operations (TTM) was 8,562. ==> 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)
=3627/93496
=0.0387931

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2440/94869
=0.02571968

Mitaningyo Co's return on assets of this year was 0.0387931. Mitaningyo Co's return on assets of last year was 0.02571968. ==> 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.

Mitaningyo Co's current Net Income (TTM) was 3,627. Mitaningyo Co's current Cash Flow from Operations (TTM) was 8,562. ==> 8,562 > 3,627 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2616/97513.5
=0.02682705

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3290/94182.5
=0.03493218

Mitaningyo Co's gearing of this year was 0.02682705. Mitaningyo Co's gearing of last year was 0.03493218. ==> 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
=45537/33702
=1.3511661

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=46060/36786
=1.25210678

Mitaningyo Co's current ratio of this year was 1.3511661. Mitaningyo Co's current ratio of last year was 1.25210678. ==> 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.

Mitaningyo Co's number of shares in issue this year was 61.57. Mitaningyo Co's number of shares in issue last year was 61.57. ==> 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
=22711/117531
=0.19323413

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19864/103072
=0.19271965

Mitaningyo Co's gross margin of this year was 0.19323413. Mitaningyo Co's gross margin of last year was 0.19271965. ==> 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)
=117531/93496
=1.25706982

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=103072/94869
=1.0864666

Mitaningyo Co's asset turnover of this year was 1.25706982. Mitaningyo Co's asset turnover of last year was 1.0864666. ==> 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+1+1+1+1+1
=9

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

Mitaningyo Co has an F-score of 9. 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 9 mean?
Mitaningyo Co (TSE:8285) has a Piotroski F-Score of 9 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mitaningyo Co and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Mitaningyo Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Mitaningyo Co ranks #1 out of 560 companies in the Conglomerates industry, placing it in the top 0.2%.
Is Mitaningyo Co's Piotroski F-Score too high?
Mitaningyo Co's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. 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. Mitaningyo Co's value of 9 is 80% above this industry median. Based on the distribution chart, Mitaningyo Co ranks #1 out of 560 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Mitaningyo Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitaningyo Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Mitaningyo Co ranks #1 out of 560 companies for Piotroski F-Score. This places Mitaningyo Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mitaningyo Co's value of 9 is 80% above this benchmark. Historically, Mitaningyo 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 7.00 vs. the industry median of 5.00, Mitaningyo 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 560 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. Mitaningyo Co's current Piotroski F-Score of 9 is 80% 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 Mitaningyo 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. Mitaningyo Co's current Piotroski F-Score is 9, which is 29% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitaningyo Co stock overvalued right now?
Based on GuruFocus' analysis, Mitaningyo Co (TSE:8285) is currently considered Significantly Overvalued. The stock's GF Value™ is 円437.40, compared to a current price of 円710.00 — trading 62.3% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Conglomerates industry median of 5.00. Mitaningyo Co's overall GF Score™ is 72/100 with 3 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 Mitaningyo Co (TSE:8285), the current Piotroski F-Score is 9 as of Jul. 12, 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 Mitaningyo Co (TSE:8285) Overvalued in 2026?

Based on GuruFocus' analysis, Mitaningyo Co stock appears to be overvalued. The current stock price of 円710.00 is trading 62.3% above its estimated GF Value™ of 円437.40. GuruFocus considers Mitaningyo Co to be Significantly Overvalued.

Key valuation signals for TSE:8285:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円437.40 vs. price of 円710.00 (62.3% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 80% above the Conglomerates median (#1 of 560)

No single metric tells the full story. See the TSE:8285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitaningyo Co Business Description

Address 1-5 Tamagawacho, Ishikawa Prefecture, Kanazawa, JPN, 930-0083
Mitani Sangyo Co Ltd is engaged in multiple businesses. The company's segment includes six reportable segments: Air Conditioning Equipment Construction-Related Business, Information System-Related Business, Resin and Electronics-Related Business, Chemicals-Related Business, Energy-Related Business, and Housing Equipment-Related Business.
72GF Score

Get the complete analysis for TSE:8285

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

円710.00
Price
円437.40
GF Value