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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sanyo Electric Railway Co 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 Sanyo Electric Railway Co's Piotroski F-Score or its related term are showing as below:
TSE:9052'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sanyo Electric Railway Co was 8. The lowest was 4. And the median was 7.
Sanyo Electric Railway Co (TSE:9052) 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.
Sanyo Electric Railway Co Piotroski F-Score Related Terms
Sanyo Electric Railway 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:9052 vs UNP, CSX, NSC: Piotroski F-Score Comparison
For the Railroads subindustry, Sanyo Electric Railway 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.
Sanyo Electric Railway Co Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Sanyo Electric Railway Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sanyo Electric Railway 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.
Sanyo Electric Railway Co's current Net Income (TTM) was 4,045.
==> 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.
Sanyo Electric Railway Co's current Cash Flow from Operations (TTM) was 8,020.
==> 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.
Sanyo Electric Railway Co's return on assets of this year was 0.03296927. Sanyo Electric Railway Co's return on assets of last year was 0.02646399.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sanyo Electric Railway Co's gearing of this year was 0.24293354. Sanyo Electric Railway Co's gearing of last year was 0.31365424.
==> 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
Sanyo Electric Railway Co's current ratio of this year was 0.71909209. Sanyo Electric Railway Co's current ratio of last year was 0.95214168.
==> 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.
Sanyo Electric Railway Co's number of shares in issue this year was 22.219. Sanyo Electric Railway Co's number of shares in issue last year was 22.218.
==> 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.
Sanyo Electric Railway Co's gross margin of this year was 0.24755806. Sanyo Electric Railway Co's gross margin of last year was 0.2431344.
==> 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
Sanyo Electric Railway Co's asset turnover of this year was 0.32710082. Sanyo Electric Railway Co's asset turnover of last year was 0.33605162.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sanyo Electric Railway Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sanyo Electric Railway Co (TSE:9052) has a Piotroski F-Score of 6 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanyo Electric Railway Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Sanyo Electric Railway Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Sanyo Electric Railway Co ranks #274 out of 977 companies in the Transportation industry, placing it in the top 28%.
Is Sanyo Electric Railway Co's Piotroski F-Score too high?
Sanyo Electric Railway Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Sanyo Electric Railway Co's value of 6 is 0% at this industry median. Based on the distribution chart, Sanyo Electric Railway Co ranks #274 out of 977 companies in the Transportation industry, which is above the industry midpoint. Overall, Sanyo Electric Railway Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanyo Electric Railway Co's Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Sanyo Electric Railway Co ranks #274 out of 977 companies for Piotroski F-Score. This puts Sanyo Electric Railway Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Sanyo Electric Railway Co's value of 6 is 0% at this benchmark. Historically, Sanyo Electric Railway Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Sanyo Electric Railway 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 977 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. Sanyo Electric Railway Co'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 Sanyo Electric Railway Co and its competitors. For the Transportation 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. Sanyo Electric Railway Co's current Piotroski F-Score is 6, which is 14% below 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 Sanyo Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Sanyo Electric Railway Co (TSE:9052) is currently considered Fairly Valued. The stock's GF Value™ is 円2,122.10, compared to a current price of 円1,990.00 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 0% at the Transportation industry median of 6.00. Sanyo Electric Railway Co's overall GF Score™ is 69/100 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 Sanyo Electric Railway Co (TSE:9052), the current Piotroski F-Score is 6 as of Jul. 21, 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 Sanyo Electric Railway Co (TSE:9052) Overvalued in 2026?
Based on GuruFocus' analysis, Sanyo Electric Railway Co stock appears to be undervalued.
The current stock price of 円1,990.00 is trading 6.2% below its estimated GF Value™ of 円2,122.10.
GuruFocus considers Sanyo Electric Railway Co to be Fairly Valued.
Key valuation signals for TSE:9052:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: 円2,122.10 vs. price of 円1,990.00 (6.2% below fair value)
Industry Position: 0% at the Transportation median (#274 of 977)
No single metric tells the full story. See the TSE:9052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanyo Electric Railway Co Ltd is a Japanese company. It is engaged in railway business which connects from Himeji to Kobe and also to Hanshin Electric Railway through mutual direct driving, and it connects to Osaka Umeda without transfer. The company focuses on constructing a transportation network in the southern area of Hyogo Prefecture. It is also involved in real estate business, where it is promoting the development of residential and commercial facilities with the aim of revitalizing the community, as well as effective utilization of the land. In addition, the company operates Suma Urashiro Ueno Park located in Suma Ward, Kobe City.
69GF Score
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