Tokyo Theatres Co (TSE:9633) Piotroski F-Score: 6 (As of Jul. 17, 2026) — Near Median

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TSE:9633 Tokyo Theatres Co Inc TSE:9633
68 GF Score
Price 円1,634.00
GF Value 円1,480.72
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tokyo Theatres Co Piotroski F-Score?

Tokyo Theatres Co TSE:9633 +0.06% 68 Piotroski F-Score is 6 as of Jul. 17, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:9633 with a GF Score™ of 68/100 and a GF Value™ of 円1,480.72 (Fairly Valued). The stock has 5 warning signs investors should review. Among 559 Conglomerates companies, Tokyo Theatres Co ranks better than 71.91% 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

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

TSE:9633' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Tokyo Theatres Co was 8. The lowest was 2. And the median was 6.

Tokyo Theatres Co  (TSE:9633) 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.


Tokyo Theatres Co Piotroski F-Score Related Terms


Tokyo Theatres Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tokyo Theatres 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.

Tokyo Theatres Co Piotroski F-Score Chart

Tokyo Theatres 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 6.00 5.00 8.00 6.00 6.00

Tokyo Theatres Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.00 0.00 6.00 0.00 6.00

TSE:9633 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Tokyo Theatres 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.


Tokyo Theatres Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tokyo Theatres Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9633
68GF Score
Tokyo Theatres Co Inc TSE:9633
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834 Mil.
Cash Flow from Operations was 円1,462 Mil.
Revenue was 円20,655 Mil.
Gross Profit was 円5,084 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (28907.837 + 30078.068) / 2 = 円29492.9525 Mil.
Total Assets at the begining of this year (Mar25) was 円28,908 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,322 Mil.
Total Current Assets was 円8,984 Mil.
Total Current Liabilities was 円4,083 Mil.
Net Income was 円3,040 Mil.

Revenue was 円18,387 Mil.
Gross Profit was 円4,958 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (24564.403 + 28907.837) / 2 = 円26736.12 Mil.
Total Assets at the begining of last year (Mar24) was 円24,564 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,677 Mil.
Total Current Assets was 円8,880 Mil.
Total Current Liabilities was 円4,096 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.

Tokyo Theatres Co's current Net Income (TTM) was 834. ==> 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.

Tokyo Theatres Co's current Cash Flow from Operations (TTM) was 1,462. ==> 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)
=833.991/28907.837
=0.02885

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3039.717/24564.403
=0.12374479

Tokyo Theatres Co's return on assets of this year was 0.02885. Tokyo Theatres Co's return on assets of last year was 0.12374479. ==> 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.

Tokyo Theatres Co's current Net Income (TTM) was 834. Tokyo Theatres Co's current Cash Flow from Operations (TTM) was 1,462. ==> 1,462 > 834 ==> 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
=4321.834/29492.9525
=0.14653786

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4676.526/26736.12
=0.17491416

Tokyo Theatres Co's gearing of this year was 0.14653786. Tokyo Theatres Co's gearing of last year was 0.17491416. ==> 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
=8984.324/4082.641
=2.20061573

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8879.876/4096.031
=2.16792207

Tokyo Theatres Co's current ratio of this year was 2.20061573. Tokyo Theatres Co's current ratio of last year was 2.16792207. ==> 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.

Tokyo Theatres Co's number of shares in issue this year was 6.842. Tokyo Theatres Co's number of shares in issue last year was 7.085. ==> 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
=5084.347/20655.08
=0.2461548

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4957.946/18387.146
=0.26964196

Tokyo Theatres Co's gross margin of this year was 0.2461548. Tokyo Theatres Co's gross margin of last year was 0.26964196. ==> 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)
=20655.08/28907.837
=0.71451489

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=18387.146/24564.403
=0.7485281

Tokyo Theatres Co's asset turnover of this year was 0.71451489. Tokyo Theatres Co's asset turnover of last year was 0.7485281. ==> 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+0+1+1+1+1+0+0
=6

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

Tokyo Theatres Co has an F-score of 6 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 6 mean?
Tokyo Theatres Co (TSE:9633) has a Piotroski F-Score of 6 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tokyo Theatres Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Tokyo Theatres Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Tokyo Theatres Co ranks #157 out of 559 companies in the Conglomerates industry, placing it in the top 28.1%.
Is Tokyo Theatres Co's Piotroski F-Score too high?
Tokyo Theatres Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Tokyo Theatres Co's value of 6 is 20% above this industry median. Based on the distribution chart, Tokyo Theatres Co ranks #157 out of 559 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Tokyo Theatres Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Theatres Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tokyo Theatres Co ranks #157 out of 559 companies for Piotroski F-Score. This puts Tokyo Theatres Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tokyo Theatres Co's value of 6 is 20% above this benchmark. Historically, Tokyo Theatres Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tokyo Theatres 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 559 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. Tokyo Theatres 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 Tokyo Theatres Co and its competitors. For the Conglomerates 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. Tokyo Theatres Co's current Piotroski F-Score is 6, which is near 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 Tokyo Theatres Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Theatres Co (TSE:9633) is currently considered Fairly Valued. The stock's GF Value™ is 円1,480.72, compared to a current price of 円1,634.00 — trading 10.4% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Conglomerates industry median of 5.00. Tokyo Theatres Co's overall GF Score™ is 68/100 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 Tokyo Theatres Co (TSE:9633), the current Piotroski F-Score is 6 as of Jul. 17, 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 Tokyo Theatres Co (TSE:9633) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Theatres Co stock appears to be overvalued. The current stock price of 円1,634.00 is trading 10.4% above its estimated GF Value™ of 円1,480.72. GuruFocus considers Tokyo Theatres Co to be Fairly Valued.

Key valuation signals for TSE:9633:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円1,480.72 vs. price of 円1,634.00 (10.4% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 20% above the Conglomerates median (#157 of 559)

No single metric tells the full story. See the TSE:9633 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Theatres Co Business Description

Address 1-16-1 Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Tokyo Theatres Co Inc is engaged in the businesses of film entertainment, movie distribution, integrated advertisement, and event planning.
68GF Score

Get the complete analysis for TSE:9633

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

円1,634.00
Price
円1,480.72
GF Value