Bank of IwateTSE:8345 +2.84%47 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:8345 with a GF Score™ of 47/100 and a GF Value™ of 円1,135.45 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,498 Banks companies, Bank of Iwate ranks better than 60.48% 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
Bank of Iwate 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 Bank of Iwate's Piotroski F-Score or its related term are showing as below:
TSE:8345'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Bank of Iwate was 7. The lowest was 2. And the median was 6.
Bank of Iwate (TSE:8345) 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.
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.
Bank of Iwate Piotroski F-Score Related Terms
Bank of Iwate Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bank of Iwate'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.
Bank of Iwate Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, Bank of Iwate'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.
Bank of Iwate Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Iwate's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bank of Iwate's Piotroski F-Score falls into.
* 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.
*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.
Bank of Iwate's current Net Income (TTM) was 8,919.
==> 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.
Bank of Iwate's return on assets of this year was 0.00234539. Bank of Iwate's return on assets of last year was 0.00177525.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bank of Iwate's gearing of this year was 0.05668814. Bank of Iwate's gearing of last year was 0.04378366.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Bank of Iwate's current ratio of this year was 1.05236618. Bank of Iwate's current ratio of last year was 1.05103659.
==> 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.
Bank of Iwate's number of shares in issue this year was 69.07. Bank of Iwate's number of shares in issue last year was 68.79.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Bank of Iwate's net margin of this year was 0.13615547. Bank of Iwate's net margin of last year was 0.16389437.
==> Last year's net 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
Bank of Iwate's asset turnover of this year was 0.01722579. Bank of Iwate's asset turnover of last year was 0.01083165.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bank of Iwate has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Bank of Iwate (TSE:8345) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bank of Iwate and its competitors. This is near median its historical median of 6.00. Over the past decade, Bank of Iwate's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Bank of Iwate ranks #592 out of 1498 companies in the Banks industry, placing it in the top 39.5%.
Is Bank of Iwate's Piotroski F-Score too high?
Bank of Iwate'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 2.00 to a high of 7.00. The Banks industry median Piotroski F-Score is 6.00. Bank of Iwate's value of 6 is 0% at this industry median. Based on the distribution chart, Bank of Iwate ranks #592 out of 1498 companies in the Banks industry, which is above the industry midpoint. Overall, Bank of Iwate has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Iwate's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, Bank of Iwate ranks #592 out of 1498 companies for Piotroski F-Score. This puts Bank of Iwate in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Bank of Iwate's value of 6 is 0% at this benchmark. Historically, Bank of Iwate's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Bank of Iwate 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,498 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. Bank of Iwate's current Piotroski F-Score of 6 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 Bank of Iwate and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Iwate'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 Bank of Iwate stock overvalued right now?
Based on GuruFocus' analysis, Bank of Iwate (TSE:8345) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,135.45, compared to a current price of 円2,030.00 — trading 78.8% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Banks industry median of 6.00. Bank of Iwate's overall GF Score™ is 47/100 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 Bank of Iwate (TSE:8345), the current Piotroski F-Score is 6 as of Jun. 28, 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 Bank of Iwate (TSE:8345) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Iwate stock appears to be overvalued.
The current stock price of 円2,030.00 is trading 78.8% above its estimated GF Value™ of 円1,135.45.
GuruFocus considers Bank of Iwate to be Significantly Overvalued.
Key valuation signals for TSE:8345:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円1,135.45 vs. price of 円2,030.00 (78.8% above fair value)
Industry Position: 0% at the Banks median (#592 of 1498)
No single metric tells the full story. See the TSE:8345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Iwate Ltd is headquartered in Japan and provides financial services both in Japan and internationally. The company derives the majority of revenue providing deposit and lending services to customers. Customers include individuals, companies and governments. In addition to deposit and lending services, the company invests and trades in securities. The Bank of Iwate focuses operations in Iwate, and the Iwate Prefecture of Japan is a shareholder. The company earns the majority of revenue domestically.
47GF Score
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