Tokyo CenturyTSE:8439 -0.10%77 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:8439 with a GF Score™ of 77/100 and a GF Value™ of 円1,696.25 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,063 Business Services companies, Tokyo Century ranks better than 72.06% 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
Tokyo Century 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 Tokyo Century's Piotroski F-Score or its related term are showing as below:
TSE:8439'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tokyo Century was 6. The lowest was 3. And the median was 5.
Tokyo Century (TSE:8439) 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.
Tokyo Century Piotroski F-Score Related Terms
Tokyo Century Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tokyo Century'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.
TSE:8439 vs URI, SUNB, AER: Piotroski F-Score Comparison
For the Rental & Leasing Services subindustry, Tokyo Century'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.
Tokyo Century Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Tokyo Century's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tokyo Century'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.
Tokyo Century's current Net Income (TTM) was 111,299.
==> 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.
Tokyo Century's return on assets of this year was 0.01621758. Tokyo Century's return on assets of last year was 0.01319918.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tokyo Century's gearing of this year was 0.45713059. Tokyo Century's gearing of last year was 0.52316357.
==> 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
Tokyo Century's current ratio of this year was 1.34467267. Tokyo Century's current ratio of last year was 1.63527784.
==> 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.
Tokyo Century's number of shares in issue this year was 490.174. Tokyo Century's number of shares in issue last year was 490.758.
==> 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.
Tokyo Century's gross margin of this year was 0.2251902. Tokyo Century's gross margin of last year was 0.20474853.
==> 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
Tokyo Century's asset turnover of this year was 0.21239976. Tokyo Century's asset turnover of last year was 0.21183251.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tokyo Century has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tokyo Century (TSE:8439) 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 Tokyo Century and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tokyo Century's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Tokyo Century ranks #297 out of 1063 companies in the Business Services industry, placing it in the top 27.9%.
Is Tokyo Century's Piotroski F-Score too high?
Tokyo Century'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 3.00 to a high of 6.00. The Business Services industry median Piotroski F-Score is 5.00. Tokyo Century's value of 6 is 20% above this industry median. Based on the distribution chart, Tokyo Century ranks #297 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Tokyo Century has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Century's Piotroski F-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Tokyo Century ranks #297 out of 1063 companies for Piotroski F-Score. This puts Tokyo Century in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tokyo Century's value of 6 is 20% above this benchmark. Historically, Tokyo Century's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tokyo Century 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Tokyo Century's current Piotroski F-Score of 6 is 20% 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 Tokyo Century and its competitors. For the Business Services 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. Tokyo Century'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 Tokyo Century stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Century (TSE:8439) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,696.25, compared to a current price of 円2,491.50 — trading 46.9% 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 20% above the Business Services industry median of 5.00. Tokyo Century's overall GF Score™ is 77/100 with 8 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 Tokyo Century (TSE:8439), 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 Tokyo Century (TSE:8439) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued.
The current stock price of 円2,491.50 is trading 46.9% above its estimated GF Value™ of 円1,696.25.
GuruFocus considers Tokyo Century to be Significantly Overvalued.
Key valuation signals for TSE:8439:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: 円1,696.25 vs. price of 円2,491.50 (46.9% above fair value)
Industry Position: 20% above the Business Services median (#297 of 1063)
No single metric tells the full story. See the TSE:8439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.
77GF Score
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