Japan Asia Investment CoTSE:8518 -0.79%49 Piotroski F-Score is 5 as of Jul. 11, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:8518 with a GF Score™ of 49/100 and a GF Value™ of 円135.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, Japan Asia Investment Co ranks better than 64.5% 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
Japan Asia Investment Co 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 Japan Asia Investment Co's Piotroski F-Score or its related term are showing as below:
TSE:8518'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Japan Asia Investment Co was 7. The lowest was 3. And the median was 5.
Japan Asia Investment Co (TSE:8518) 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.
Japan Asia Investment Co Piotroski F-Score Related Terms
Japan Asia Investment Co Piotroski F-Score Historical Data
* 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:8518 vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Japan Asia Investment 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.
Japan Asia Investment Co Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Japan Asia Investment Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Japan Asia Investment Co'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.
Japan Asia Investment Co's current Net Income (TTM) was -46.
==> Negative ==> Score 0.
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.
Japan Asia Investment Co's return on assets of this year was -0.00298333. Japan Asia Investment Co's return on assets of last year was -0.06507312.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Japan Asia Investment Co's gearing of this year was 0.57023219. Japan Asia Investment Co's gearing of last year was 0.38035235.
==> 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
Japan Asia Investment Co's current ratio of this year was 8.063279. Japan Asia Investment Co's current ratio of last year was 7.3037694.
==> 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.
Japan Asia Investment Co's number of shares in issue this year was 22.98. Japan Asia Investment Co's number of shares in issue last year was 21.12.
==> 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.
Japan Asia Investment Co's gross margin of this year was 0.32593292. Japan Asia Investment Co's gross margin of last year was -0.22893617.
==> 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
Japan Asia Investment Co's asset turnover of this year was 0.13729814. Japan Asia Investment Co's asset turnover of last year was 0.06608549.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Japan Asia Investment Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Japan Asia Investment Co (TSE:8518) has a Piotroski F-Score of 5 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Asia Investment Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Japan Asia Investment Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Japan Asia Investment Co ranks #568 out of 1600 companies in the Asset Management industry, placing it in the top 35.5%.
Is Japan Asia Investment Co's Piotroski F-Score too high?
Japan Asia Investment Co's current Piotroski F-Score of 5 is near 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 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Japan Asia Investment Co's value of 5 is 0% at this industry median. Based on the distribution chart, Japan Asia Investment Co ranks #568 out of 1600 companies in the Asset Management industry, which is above the industry midpoint. Overall, Japan Asia Investment Co has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Asia Investment Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Japan Asia Investment Co ranks #568 out of 1600 companies for Piotroski F-Score. This puts Japan Asia Investment Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Japan Asia Investment Co's value of 5 is 0% at this benchmark. Historically, Japan Asia Investment Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Japan Asia Investment Co 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,600 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. Japan Asia Investment Co'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 Japan Asia Investment Co and its competitors. For the Asset Management 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. Japan Asia Investment Co's current Piotroski F-Score is 5, which is near 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 Japan Asia Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Asia Investment Co (TSE:8518) is currently considered Fairly Valued. The stock's GF Value™ is 円135.45, compared to a current price of 円126.00 — trading 7% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Asset Management industry median of 5.00. Japan Asia Investment Co's overall GF Score™ is 49/100 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 Japan Asia Investment Co (TSE:8518), the current Piotroski F-Score is 5 as of Jul. 11, 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 Japan Asia Investment Co (TSE:8518) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Asia Investment Co stock appears to be undervalued.
The current stock price of 円126.00 is trading 7% below its estimated GF Value™ of 円135.45.
GuruFocus considers Japan Asia Investment Co to be Fairly Valued.
Key valuation signals for TSE:8518:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: 円135.45 vs. price of 円126.00 (7% below fair value)
Industry Position: 0% at the Asset Management median (#568 of 1600)
No single metric tells the full story. See the TSE:8518 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Asia Investment Co Ltd (JAIC) provides growth capital to venture companies and small and medium-sized enterprise (SME). The company provides various support to achieve growth strategies of the company by utilizing JAIC's resources in Japan and elsewhere in Asia.
49GF Score
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