San-in Godo BankTSE:8381 +0.50%51 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:8381 with a GF Score™ of 51/100 and a GF Value™ of 円1,424.39 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,501 Banks companies, San-in Godo Bank ranks better than 60.36% 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
San-in Godo Bank 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 San-in Godo Bank's Piotroski F-Score or its related term are showing as below:
TSE:8381'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of San-in Godo Bank was 8. The lowest was 2. And the median was 5.
San-in Godo Bank (TSE:8381) 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.
San-in Godo Bank Piotroski F-Score Related Terms
San-in Godo Bank Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for San-in Godo Bank'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.
San-in Godo Bank Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, San-in Godo Bank'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.
San-in Godo Bank Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, San-in Godo Bank's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where San-in Godo Bank'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.
San-in Godo Bank's current Net Income (TTM) was 22,698.
==> 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.
San-in Godo Bank's return on assets of this year was 0.00265491. San-in Godo Bank's return on assets of last year was 0.00254559.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
San-in Godo Bank's gearing of this year was 0.17087879. San-in Godo Bank's gearing of last year was 0.16985051.
==> 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.
San-in Godo Bank's current ratio of this year was 1.03684428. San-in Godo Bank's current ratio of last year was 1.03794742.
==> Last year's current ratio is higher ==> Score 0.
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.
San-in Godo Bank's number of shares in issue this year was 151.35. San-in Godo Bank's number of shares in issue last year was 152.507.
==> 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.
* 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.
San-in Godo Bank's net margin of this year was 0.18535637. San-in Godo Bank's net margin of last year was 0.16444476.
==> This year's net 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
San-in Godo Bank's asset turnover of this year was 0.01432328. San-in Godo Bank's asset turnover of last year was 0.01547993.
==> 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
+
1
+
0
+
0
+
1
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
San-in Godo Bank has an F-score of 6 indicating the company's financial situation is typical for a stable company.
San-in Godo Bank (TSE:8381) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on San-in Godo Bank and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, San-in Godo Bank's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, San-in Godo Bank ranks #595 out of 1501 companies in the Banks industry, placing it in the top 39.6%.
Is San-in Godo Bank's Piotroski F-Score too high?
San-in Godo Bank's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Banks industry median Piotroski F-Score is 6.00. San-in Godo Bank's value of 6 is 0% at this industry median. Based on the distribution chart, San-in Godo Bank ranks #595 out of 1501 companies in the Banks industry, which is above the industry midpoint. Overall, San-in Godo Bank has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does San-in Godo Bank's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, San-in Godo Bank ranks #595 out of 1501 companies for Piotroski F-Score. This puts San-in Godo Bank in the upper half of its industry. The industry median Piotroski F-Score is 6.00. San-in Godo Bank's value of 6 is 0% at this benchmark. Historically, San-in Godo Bank's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, San-in Godo Bank 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 1,501 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. San-in Godo Bank'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 San-in Godo Bank 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. San-in Godo Bank's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San-in Godo Bank stock overvalued right now?
Based on GuruFocus' analysis, San-in Godo Bank (TSE:8381) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,424.39, compared to a current price of 円2,227.00 — trading 56.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Banks industry median of 6.00. San-in Godo Bank's overall GF Score™ is 51/100 with 4 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 San-in Godo Bank (TSE:8381), the current Piotroski F-Score is 6 as of Jun. 29, 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 San-in Godo Bank (TSE:8381) Overvalued in 2026?
Based on GuruFocus' analysis, San-in Godo Bank stock appears to be overvalued.
The current stock price of 円2,227.00 is trading 56.3% above its estimated GF Value™ of 円1,424.39.
GuruFocus considers San-in Godo Bank to be Significantly Overvalued.
Key valuation signals for TSE:8381:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: 円1,424.39 vs. price of 円2,227.00 (56.3% above fair value)
Industry Position: 0% at the Banks median (#595 of 1501)
No single metric tells the full story. See the TSE:8381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San-in Godo Bank Ltd is a Japanese bank group that operates in the San-in region of western Honshu. It also has a presence in the neighboring Sanyo region and the Hyogo prefecture. The group has two reportable service segments: banking and leasing. Banking constitutes a majority of the group's activities and consists of a deposit, loan, securities investment, and exchange business. The group also engages in a credit guarantee business. Loans and bills discounted and securities constitute a majority of the bank's earning assets.
51GF Score
Get the complete analysis for TSE:8381
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8381 has been successfully added to your 
