Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Azuma Shipping CoTSE:9380 +0.48%63 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:9380 with a GF Score™ of 63/100 and a GF Value™ of 円325.06 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 978 Transportation companies, Azuma Shipping Co ranks better than 86.91% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Azuma Shipping Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Azuma Shipping Co's Piotroski F-Score or its related term are showing as below:
TSE:9380'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Azuma Shipping Co was 8. The lowest was 5. And the median was 6.
Azuma Shipping Co (TSE:9380) 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.
Azuma Shipping Co Piotroski F-Score Related Terms
Azuma Shipping Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Azuma Shipping Co'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.
Azuma Shipping Co Piotroski F-Score Competitor Comparison
For the Marine Shipping subindustry, Azuma Shipping 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.
Azuma Shipping Co Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Azuma Shipping Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Azuma Shipping 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.
Azuma Shipping Co's current Net Income (TTM) was 723.
==> 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.
Azuma Shipping Co's return on assets of this year was 0.01756036. Azuma Shipping Co's return on assets of last year was 0.01492446.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Azuma Shipping Co's gearing of this year was 0.22590146. Azuma Shipping Co's gearing of last year was 0.18919073.
==> 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
Azuma Shipping Co's current ratio of this year was 1.23299964. Azuma Shipping Co's current ratio of last year was 1.19363908.
==> 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.
Azuma Shipping Co's number of shares in issue this year was 27.821. Azuma Shipping Co's number of shares in issue last year was 28.071.
==> 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.
Azuma Shipping Co's gross margin of this year was 0.1071161. Azuma Shipping Co's gross margin of last year was 0.1021175.
==> 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
Azuma Shipping Co's asset turnover of this year was 0.9753537. Azuma Shipping Co's asset turnover of last year was 1.01728563.
==> 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
+
1
+
1
+
1
+
0
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Azuma Shipping Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Azuma Shipping Co (TSE:9380) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Azuma Shipping Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Azuma Shipping Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Azuma Shipping Co ranks #128 out of 978 companies in the Transportation industry, placing it in the top 13.1%.
Is Azuma Shipping Co's Piotroski F-Score too high?
Azuma Shipping Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Azuma Shipping Co's value of 7 is 16.7% above this industry median. Based on the distribution chart, Azuma Shipping Co ranks #128 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Azuma Shipping Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azuma Shipping Co's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Azuma Shipping Co ranks #128 out of 978 companies for Piotroski F-Score. This places Azuma Shipping Co in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Azuma Shipping Co's value of 7 is 16.7% above this benchmark. Historically, Azuma Shipping Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Azuma Shipping Co 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Azuma Shipping Co's current Piotroski F-Score of 7 is 16.7% 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 Azuma Shipping 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. Azuma Shipping Co's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azuma Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, Azuma Shipping Co (TSE:9380) is currently considered Modestly Overvalued. The stock's GF Value™ is 円325.06, compared to a current price of 円415.00 — trading 27.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Transportation industry median of 6.00. Azuma Shipping Co's overall GF Score™ is 63/100 with 5 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 Azuma Shipping Co (TSE:9380), the current Piotroski F-Score is 7 as of Jul. 14, 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 Azuma Shipping Co (TSE:9380) Overvalued in 2026?
Based on GuruFocus' analysis, Azuma Shipping Co stock appears to be overvalued.
The current stock price of 円415.00 is trading 27.7% above its estimated GF Value™ of 円325.06.
GuruFocus considers Azuma Shipping Co to be Modestly Overvalued.
Key valuation signals for TSE:9380:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: 円325.06 vs. price of 円415.00 (27.7% above fair value)
Industry Position: 16.7% above the Transportation median (#128 of 978)
No single metric tells the full story. See the TSE:9380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azuma Shipping Co Ltd is engaged in port transportation, maritime transportation, inland navigation business, freight car transportation, warehousing, sale and repair of the ship, cargo transportation, customs brokerage, supervision and consultancy of new ship creation and repair.
63GF Score
Get the complete analysis for TSE:9380
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:9380 has been successfully added to your 
