Metawater Co (TSE:9551) Piotroski F-Score: 7 (As of Jul. 28, 2026) — Near Median

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TSE:9551 Metawater Co Ltd TSE:9551
91 GF Score
Price 円3,225.00
GF Value 円2,644.56
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Metawater Co Piotroski F-Score?

Metawater Co TSE:9551 +1.42% 91 Piotroski F-Score is 7 as of Jul. 28, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:9551 with a GF Score™ of 91/100 and a GF Value™ of 円2,644.56 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,972 Industrial Products companies, Metawater Co ranks better than 90.65% 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

Metawater 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 Metawater Co's Piotroski F-Score or its related term are showing as below:

TSE:9551' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Metawater Co was 9. The lowest was 2. And the median was 7.

Metawater Co  (TSE:9551) 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.


Metawater Co Piotroski F-Score Related Terms


Metawater Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Metawater 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.

Metawater Co Piotroski F-Score Chart

Metawater Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 5.00 5.00 7.00

Metawater Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 0.00 0.00 7.00

TSE:9551 vs VLTO, ZWS, CECO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, Metawater 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.


Metawater Co Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Metawater Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9551
91GF Score
Metawater Co Ltd TSE:9551
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9,136 Mil.
Cash Flow from Operations was 円15,132 Mil.
Revenue was 円209,844 Mil.
Gross Profit was 円47,051 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (196783 + 220292) / 2 = 円208537.5 Mil.
Total Assets at the begining of this year (Mar25) was 円196,783 Mil.
Long-Term Debt & Capital Lease Obligation was 円38,900 Mil.
Total Current Assets was 円163,154 Mil.
Total Current Liabilities was 円79,259 Mil.
Net Income was 円6,852 Mil.

Revenue was 円179,094 Mil.
Gross Profit was 円38,713 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (168843 + 196783) / 2 = 円182813 Mil.
Total Assets at the begining of last year (Mar24) was 円168,843 Mil.
Long-Term Debt & Capital Lease Obligation was 円39,620 Mil.
Total Current Assets was 円160,178 Mil.
Total Current Liabilities was 円65,885 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.

Metawater Co's current Net Income (TTM) was 9,136. ==> 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.

Metawater Co's current Cash Flow from Operations (TTM) was 15,132. ==> 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)
=9136/196783
=0.04642677

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6852/168843
=0.04058208

Metawater Co's return on assets of this year was 0.04642677. Metawater Co's return on assets of last year was 0.04058208. ==> This year is higher. ==> Score 1.

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.

Metawater Co's current Net Income (TTM) was 9,136. Metawater Co's current Cash Flow from Operations (TTM) was 15,132. ==> 15,132 > 9,136 ==> CFROA > ROA ==> Score 1.

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
=38900/208537.5
=0.18653719

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=39620/182813
=0.21672419

Metawater Co's gearing of this year was 0.18653719. Metawater Co's gearing of last year was 0.21672419. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=163154/79259
=2.05849178

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=160178/65885
=2.43117553

Metawater Co's current ratio of this year was 2.05849178. Metawater Co's current ratio of last year was 2.43117553. ==> 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.

Metawater Co's number of shares in issue this year was 43.654. Metawater Co's number of shares in issue last year was 43.632. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=47051/209844
=0.22421894

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38713/179094
=0.21616023

Metawater Co's gross margin of this year was 0.22421894. Metawater Co's gross margin of last year was 0.21616023. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=209844/196783
=1.0663726

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=179094/168843
=1.06071321

Metawater Co's asset turnover of this year was 1.0663726. Metawater Co's asset turnover of last year was 1.06071321. ==> 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+1+1+1+0+0+1+1
=7

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

Metawater Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Metawater Co (TSE:9551) has a Piotroski F-Score of 7 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Metawater Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Metawater Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Metawater Co ranks #278 out of 2972 companies in the Industrial Products industry, placing it in the top 9.4%.
Is Metawater Co's Piotroski F-Score too high?
Metawater Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Metawater Co's value of 7 is 40% above this industry median. Based on the distribution chart, Metawater Co ranks #278 out of 2972 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Metawater Co has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metawater Co's Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Metawater Co ranks #278 out of 2972 companies for Piotroski F-Score. This places Metawater Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Metawater Co's value of 7 is 40% above this benchmark. Historically, Metawater Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Metawater 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Metawater Co's current Piotroski F-Score of 7 is 40% 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 Metawater Co and its competitors. For the Industrial Products 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. Metawater Co's current Piotroski F-Score is 7, which is near 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 Metawater Co stock overvalued right now?
Based on GuruFocus' analysis, Metawater Co (TSE:9551) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,644.56, compared to a current price of 円3,225.00 — trading 21.9% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Industrial Products industry median of 5.00. Metawater Co's overall GF Score™ is 91/100 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 Metawater Co (TSE:9551), the current Piotroski F-Score is 7 as of Jul. 28, 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 Metawater Co (TSE:9551) Overvalued in 2026?

Based on GuruFocus' analysis, Metawater Co stock appears to be overvalued. The current stock price of 円3,225.00 is trading 21.9% above its estimated GF Value™ of 円2,644.56. GuruFocus considers Metawater Co to be Modestly Overvalued.

Key valuation signals for TSE:9551:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円2,644.56 vs. price of 円3,225.00 (21.9% above fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 40% above the Industrial Products median (#278 of 2972)

No single metric tells the full story. See the TSE:9551 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metawater Co Business Description

Other Exchanges MTWTF:USA2MW:Germany
Address JR Kanda Manseibashi Building 1-25, Kanda-sudacho, Chiyoda-ku, Tokyo, JPN, 101-0041
Metawater Co Ltd is a Japan-based company, which offers optimum solutions for creating a circulation of water recourses while focusing on the plant engineering business and service solution business. It manufactures mechanical and electrical equipment for water and wastewater treatment. The company operates in two segments; Plant Engineering segment, which involves in the design, procurement and sale of mechanical and electrical equipment, used in water purification plants and sewage treatment plants; and the Service Solution segment involves in the repair, maintenance and operation management of mechanical and electrical equipment used in water purification plants and sewage treatment plants, providing equipment inspection, repair, maintenance, and other services.
91GF Score

Get the complete analysis for TSE:9551

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

円3,225.00
Price
円2,644.56
GF Value