TTCAF (TS Tech Co) Piotroski F-Score: 5 (As of Jun. 27, 2026) — 17% Below Median


TTCAF TS Tech Co Ltd TTCAF
84 GF Score
Price $12.60
GF Value $14.16
! 5 Warning Signs
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What is TS Tech Co Piotroski F-Score?

TS Tech Co TTCAF +2.86% 84 Piotroski F-Score is 5 as of Jun. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TTCAF with a GF Score™ of 84/100 and a GF Value™ of $14.16. The stock has 5 warning signs investors should review. Among 1,287 Vehicles & Parts companies, TS Tech Co ranks better than 52.37% 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

TS Tech Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TTCAF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of TS Tech Co was 9. The lowest was 5. And the median was 6.

TS Tech Co  (OTCPK:TTCAF) 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.


TS Tech Co Piotroski F-Score Related Terms


TS Tech Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TS Tech 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.

TS Tech Co Piotroski F-Score Chart

TS Tech 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 6.00 9.00 6.00 5.00

TS Tech 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 6.00 5.00 5.00 5.00 5.00

TTCAF vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, TS Tech 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.


TS Tech Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, TS Tech Co's Piotroski F-Score distribution charts can be found below:

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


TTCAF
84GF Score
TS Tech Co Ltd TTCAF
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 4.063 + 4.687 + 21.653 + 15.616 = $46 Mil.
Cash Flow from Operations was 55.66 + -78.931 + 16.573 + 149.052 = $142 Mil.
Revenue was 710.794 + 706.31 + 659.545 + 834.042 = $2,911 Mil.
Gross Profit was 89.574 + 78.343 + 77.125 + 112.741 = $358 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2900.664 + 2894.898 + 2784.106 + 2731.565 + 2663.863) / 5 = $2795.0192 Mil.
Total Assets at the begining of this year (Mar25) was $2,901 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $1,447 Mil.
Total Current Liabilities was $536 Mil.
Net Income was 15.666 + 14.403 + 23.275 + 3.475 = $57 Mil.

Revenue was 712.758 + 770.8 + 760.098 + 811.062 = $3,055 Mil.
Gross Profit was 90.092 + 101.858 + 102.793 + 123.254 = $418 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2978.362 + 2846.345 + 2958.413 + 2843.344 + 2900.664) / 5 = $2905.4256 Mil.
Total Assets at the begining of last year (Mar24) was $2,978 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $1,711 Mil.
Total Current Liabilities was $611 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.

TS Tech Co's current Net Income (TTM) was 46. ==> 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.

TS Tech Co's current Cash Flow from Operations (TTM) was 142. ==> 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)
=46.019/2900.664
=0.01586499

ROA (Last Year)=Net Income/Total Assets (Mar24)
=56.819/2978.362
=0.01907726

TS Tech Co's return on assets of this year was 0.01586499. TS Tech Co's return on assets of last year was 0.01907726. ==> 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.

TS Tech Co's current Net Income (TTM) was 46. TS Tech Co's current Cash Flow from Operations (TTM) was 142. ==> 142 > 46 ==> 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
=0/2795.0192
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/2905.4256
=0

TS Tech Co's gearing of this year was 0. TS Tech Co's gearing of last year was 0. ==> 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
=1447.19/535.673
=2.70162954

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1710.969/611.408
=2.79840794

TS Tech Co's current ratio of this year was 2.70162954. TS Tech Co's current ratio of last year was 2.79840794. ==> 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.

TS Tech Co's number of shares in issue this year was 118.173. TS Tech Co's number of shares in issue last year was 122.082. ==> 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
=357.783/2910.691
=0.1229203

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=417.997/3054.718
=0.13683653

TS Tech Co's gross margin of this year was 0.1229203. TS Tech Co's gross margin of last year was 0.13683653. ==> 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)
=2910.691/2900.664
=1.00345679

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3054.718/2978.362
=1.02563691

TS Tech Co's asset turnover of this year was 1.00345679. TS Tech Co's asset turnover of last year was 1.02563691. ==> 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+0+1+0+0
=5

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

TS Tech Co has an F-score of 5 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 5 mean?
TS Tech Co (TTCAF) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TS Tech Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, TS Tech Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, TS Tech Co ranks #613 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 47.6%.
Is TS Tech Co's Piotroski F-Score too high?
TS Tech Co's current Piotroski F-Score of 5 is 17% below 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 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. TS Tech Co's value of 5 is 0% at this industry median. Based on the distribution chart, TS Tech Co ranks #613 out of 1287 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, TS Tech Co has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does TS Tech Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, TS Tech Co ranks #613 out of 1287 companies for Piotroski F-Score. This puts TS Tech Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. TS Tech Co's value of 5 is 0% at this benchmark. Historically, TS Tech Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, TS Tech Co has consistently been at 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. TS Tech Co's current Piotroski F-Score of 5 is 0% at 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 TS Tech Co and its competitors. For the Vehicles & Parts 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. TS Tech Co's current Piotroski F-Score is 5, which is 17% below 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 TS Tech Co stock overvalued right now?
TS Tech Co (TTCAF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $14.16, compared to a current price of $12.60 — trading 11% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Vehicles & Parts industry median of 5.00. TS Tech Co's overall GF Score™ is 84/100 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 TS Tech Co (TTCAF), the current Piotroski F-Score is 5 as of Jun. 27, 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 TS Tech Co (TTCAF) Overvalued in 2026?

Based on GuruFocus' analysis, TS Tech Co stock appears to be undervalued. The current stock price of $12.60 is trading 11% below its estimated GF Value™ of $14.16.

Key valuation signals for TTCAF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $14.16 vs. price of $12.60 (11% below fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 0% at the Vehicles & Parts median (#613 of 1287)

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


TS Tech Co Business Description

Other Exchanges 7313:Japan
Address 3-7-27 Sakae-cho, Asaka-shi, Saitama, JPN, 351-0012
TS Tech Co Ltd is a manufacturer of seats for automobiles and motorcycles. The company also produces interior trim and interior components for automobiles, and motorcycle parts and accessories. Honda Motor and its affiliates account for nearly all sales of TS Tech, while the company also sells to Suzuki, Yamaha, Kawasaki, Fuji Heavy Industries, and Paramount Bed. TS Tech generates the majority of its revenue from the production and sale of automobile seats. The strongest regions for TS Tech with regard to operating income are China, Americas, and Japan.
84GF Score

Get the complete analysis for TTCAF

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

$12.60
Price
$14.16
GF Value