Subaru Enterprise CoTSE:9632 +1.59%74 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:9632 with a GF Score™ of 74/100 and a GF Value™ of 円3,020.52 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, Subaru Enterprise Co ranks better than 72.06% 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
Subaru Enterprise 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 Subaru Enterprise Co's Piotroski F-Score or its related term are showing as below:
TSE:9632'
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 Subaru Enterprise Co was 8. The lowest was 4. And the median was 7.
Subaru Enterprise Co (TSE:9632) 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.
Subaru Enterprise Co Piotroski F-Score Related Terms
Subaru Enterprise Co Piotroski F-Score Historical Data
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The historical data trend for Subaru Enterprise 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.
TSE:9632 vs CTAS, CPRT, GPN: Piotroski F-Score Comparison
For the Specialty Business Services subindustry, Subaru Enterprise 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.
Subaru Enterprise Co Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Subaru Enterprise Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Subaru Enterprise 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.
Subaru Enterprise Co's current Net Income (TTM) was 2,424.
==> 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.
Subaru Enterprise Co's return on assets of this year was 0.05937582. Subaru Enterprise Co's return on assets of last year was 0.08363125.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Subaru Enterprise Co's gearing of this year was 5.087E-5. Subaru Enterprise Co's gearing of last year was 8.367E-5.
==> 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
Subaru Enterprise Co's current ratio of this year was 5.40140652. Subaru Enterprise Co's current ratio of last year was 5.35455954.
==> 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.
Subaru Enterprise Co's number of shares in issue this year was 12.9. Subaru Enterprise Co's number of shares in issue last year was 12.891.
==> 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.
Subaru Enterprise Co's gross margin of this year was 0.23815087. Subaru Enterprise Co's gross margin of last year was 0.23039701.
==> 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
Subaru Enterprise Co's asset turnover of this year was 0.72537254. Subaru Enterprise Co's asset turnover of last year was 0.7817901.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Subaru Enterprise Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Subaru Enterprise Co (TSE:9632) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Subaru Enterprise Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Subaru Enterprise Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Subaru Enterprise Co ranks #297 out of 1063 companies in the Business Services industry, placing it in the top 27.9%.
Is Subaru Enterprise Co's Piotroski F-Score too high?
Subaru Enterprise 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 Business Services industry median Piotroski F-Score is 5.00. Subaru Enterprise Co's value of 6 is 20% above this industry median. Based on the distribution chart, Subaru Enterprise Co ranks #297 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Subaru Enterprise Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Subaru Enterprise Co's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Subaru Enterprise Co ranks #297 out of 1063 companies for Piotroski F-Score. This puts Subaru Enterprise Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Subaru Enterprise Co's value of 6 is 20% above this benchmark. Historically, Subaru Enterprise 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 5.00, Subaru Enterprise 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Subaru Enterprise Co's current Piotroski F-Score of 6 is 20% 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 Subaru Enterprise Co and its competitors. For the Business Services 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. Subaru Enterprise 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 Subaru Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Subaru Enterprise Co (TSE:9632) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,020.52, compared to a current price of 円3,520.00 — trading 16.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Business Services industry median of 5.00. Subaru Enterprise Co's overall GF Score™ is 74/100 with 6 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 Subaru Enterprise Co (TSE:9632), the current Piotroski F-Score is 6 as of Jun. 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 Subaru Enterprise Co (TSE:9632) Overvalued in 2026?
Based on GuruFocus' analysis, Subaru Enterprise Co stock appears to be overvalued.
The current stock price of 円3,520.00 is trading 16.5% above its estimated GF Value™ of 円3,020.52.
GuruFocus considers Subaru Enterprise Co to be Modestly Overvalued.
Key valuation signals for TSE:9632:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: 円3,020.52 vs. price of 円3,520.00 (16.5% above fair value)
Industry Position: 20% above the Business Services median (#297 of 1063)
No single metric tells the full story. See the TSE:9632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Subaru Enterprise Co Ltd is a Japan-based company. Its business is divided into the following reportable segments: Road related business, Leisure business, and Real estate business. Road related business offers maintenance and cleaning of roads and road incidental facilities, contracting repair work, contracted operation of highway facilities, and photovoltaic power generation business. Leisure business involves customer service businesses such as food and beverage, and retail sales, as well as the management and operation of marinas, and the Real estate business is engaged in the real estate rental business. Maximum revenue for the group is generated from its Road related business.
74GF Score
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