Genova (TSE:9341) Piotroski F-Score: 4 (As of Jul. 16, 2026) — 20% Below Median

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TSE:9341 Genova Inc TSE:9341
77 GF Score
Price 円611.00
GF Value 円1,961.82
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Genova Piotroski F-Score?

Genova TSE:9341 -0.97% 77 Piotroski F-Score is 4 as of Jul. 16, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:9341 with a GF Score™ of 77/100 and a GF Value™ of 円1,961.82 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 803 Medical Devices & Instruments companies, Genova ranks worse than 56.41% 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

Genova has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Genova's Piotroski F-Score or its related term are showing as below:

TSE:9341' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 6 years, the highest Piotroski F-Score of Genova was 6. The lowest was 4. And the median was 5.

Genova  (TSE:9341) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Genova Piotroski F-Score Related Terms


Genova Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Genova'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.

Genova Piotroski F-Score Chart

Genova Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 4.00 5.00 4.00

Genova Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 0.00 5.00 0.00 4.00

TSE:9341 vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Genova'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.


Genova Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Genova's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Genova's Piotroski F-Score falls into.


TSE:9341
77GF Score
Genova Inc TSE:9341
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円275 Mil.
Cash Flow from Operations was 円54 Mil.
Revenue was 円11,566 Mil.
Gross Profit was 円6,470 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (8526.196 + 10255.867) / 2 = 円9391.0315 Mil.
Total Assets at the begining of this year (Mar25) was 円8,526 Mil.
Long-Term Debt & Capital Lease Obligation was 円618 Mil.
Total Current Assets was 円7,651 Mil.
Total Current Liabilities was 円2,051 Mil.
Net Income was 円1,413 Mil.

Revenue was 円10,006 Mil.
Gross Profit was 円7,378 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (8199.474 + 8526.196) / 2 = 円8362.835 Mil.
Total Assets at the begining of last year (Mar24) was 円8,199 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円7,728 Mil.
Total Current Liabilities was 円1,489 Mil.

*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.

Genova's current Net Income (TTM) was 275. ==> 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.

Genova's current Cash Flow from Operations (TTM) was 54. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=275.397/8526.196
=0.0323001

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1413.468/8199.474
=0.1723852

Genova's return on assets of this year was 0.0323001. Genova's return on assets of last year was 0.1723852. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Genova's current Net Income (TTM) was 275. Genova's current Cash Flow from Operations (TTM) was 54. ==> 54 <= 275 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=617.99/9391.0315
=0.0658064

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/8362.835
=0

Genova's gearing of this year was 0.0658064. Genova's gearing of last year was 0. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=7650.849/2050.789
=3.7306856

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7727.631/1488.732
=5.19074689

Genova's current ratio of this year was 3.7306856. Genova's current ratio of last year was 5.19074689. ==> 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.

Genova's number of shares in issue this year was 17.324. Genova's number of shares in issue last year was 17.715. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6470.477/11565.971
=0.55944088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7378.327/10006.101
=0.73738282

Genova's gross margin of this year was 0.55944088. Genova's gross margin of last year was 0.73738282. ==> Last year's gross 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=11565.971/8526.196
=1.35652183

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10006.101/8199.474
=1.2203345

Genova's asset turnover of this year was 1.35652183. Genova's asset turnover of last year was 1.2203345. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+0+0+1+0+1
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Genova has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Genova (TSE:9341) has a Piotroski F-Score of 4 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Genova and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Genova's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Genova ranks #453 out of 803 companies in the Medical Devices & Instruments industry, placing it in the top 56.4%.
Is Genova's Piotroski F-Score too high?
Genova's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Genova's value of 4 is 20% below this industry median. Based on the distribution chart, Genova ranks #453 out of 803 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Genova has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Genova's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Genova ranks #453 out of 803 companies for Piotroski F-Score. This places Genova in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Genova's value of 4 is 20% below this benchmark. Historically, Genova's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Genova has consistently been below 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 803 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. Genova's current Piotroski F-Score of 4 is 20% below 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 Genova and its competitors. For the Medical Devices & Instruments 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. Genova's current Piotroski F-Score is 4, which is 20% below 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 Genova stock overvalued right now?
Based on GuruFocus' analysis, Genova (TSE:9341) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,961.82, compared to a current price of 円611.00 — trading 68.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Medical Devices & Instruments industry median of 5.00. Genova'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 Genova (TSE:9341), the current Piotroski F-Score is 4 as of Jul. 16, 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 Genova (TSE:9341) Overvalued in 2026?

Based on GuruFocus' analysis, Genova stock appears to be undervalued. The current stock price of 円611.00 is trading 68.9% below its estimated GF Value™ of 円1,961.82. GuruFocus considers Genova to be Possible Value Trap.

Key valuation signals for TSE:9341:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円1,961.82 vs. price of 円611.00 (68.9% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 20% below the Medical Devices & Instruments median (#453 of 803)

No single metric tells the full story. See the TSE:9341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Genova Business Description

Address 2-21-1 Shibuya, 34th Floor, Shibuya Hikarie, Shibuya-Ku, Tokyo, JPN, 150-8510
Genova Inc manages operations of the medical information site and sales of automatic reception and payment machines for clinics. The group operates in two reportable segments: Medical Platform Business and the Smart Clinic Project. The majority of its revenue is generated from the Medical Platform Business, which operates an online media site (Medical Dock) that provides preventive information and health knowledge to users (patients) on diseases and symptoms. In addition, it also supports users in finding a family doctor that suits them. The Smart Clinic Business develops and provides services that improve the convenience and efficiency of non-medical procedures at medical institutions.
77GF Score

Get the complete analysis for TSE:9341

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円611.00
Price
円1,961.82
GF Value