Kumagai Gumi Co (FRA:KUG1) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 17% Above Median


FRA:KUG1 Kumagai Gumi Co Ltd FRA:KUG1
80 GF Score
Price €7.45
GF Value €5.86
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kumagai Gumi Co Piotroski F-Score?

Kumagai Gumi Co FRA:KUG1 +1.36% 80 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:KUG1 with a GF Score™ of 80/100 and a GF Value™ of €5.86 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,729 Construction companies, Kumagai Gumi Co ranks better than 89.36% 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

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

FRA:KUG1' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kumagai Gumi Co was 8. The lowest was 3. And the median was 6.

Kumagai Gumi Co  (FRA:KUG1) 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.


Kumagai Gumi Co Piotroski F-Score Related Terms


Kumagai Gumi Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kumagai Gumi 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.

Kumagai Gumi Co Piotroski F-Score Chart

Kumagai Gumi 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 4.00 3.00 6.00 4.00 7.00

Kumagai Gumi 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 4.00 0.00 0.00 0.00 7.00

FRA:KUG1 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Kumagai Gumi 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.


Kumagai Gumi Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Kumagai Gumi Co's Piotroski F-Score distribution charts can be found below:

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


FRA:KUG1
80GF Score
Kumagai Gumi Co Ltd FRA:KUG1
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 €109 Mil.
Cash Flow from Operations was €136 Mil.
Revenue was €2,659 Mil.
Gross Profit was €290 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2870.32 + 2447.11) / 2 = €2658.715 Mil.
Total Assets at the begining of this year (Mar25) was €2,870 Mil.
Long-Term Debt & Capital Lease Obligation was €208 Mil.
Total Current Assets was €1,842 Mil.
Total Current Liabilities was €1,132 Mil.
Net Income was €58 Mil.

Revenue was €3,094 Mil.
Gross Profit was €238 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2869.159 + 2870.32) / 2 = €2869.7395 Mil.
Total Assets at the begining of last year (Mar24) was €2,869 Mil.
Long-Term Debt & Capital Lease Obligation was €211 Mil.
Total Current Assets was €2,218 Mil.
Total Current Liabilities was €1,424 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.

Kumagai Gumi Co's current Net Income (TTM) was 109. ==> 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.

Kumagai Gumi Co's current Cash Flow from Operations (TTM) was 136. ==> 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)
=109.393/2870.32
=0.03811178

ROA (Last Year)=Net Income/Total Assets (Mar24)
=58.048/2869.159
=0.02023171

Kumagai Gumi Co's return on assets of this year was 0.03811178. Kumagai Gumi Co's return on assets of last year was 0.02023171. ==> 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.

Kumagai Gumi Co's current Net Income (TTM) was 109. Kumagai Gumi Co's current Cash Flow from Operations (TTM) was 136. ==> 136 > 109 ==> 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
=208.004/2658.715
=0.07823479

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=211.154/2869.7395
=0.0735795

Kumagai Gumi Co's gearing of this year was 0.07823479. Kumagai Gumi Co's gearing of last year was 0.0735795. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1842.04/1132.418
=1.62664317

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2217.982/1423.565
=1.55804758

Kumagai Gumi Co's current ratio of this year was 1.62664317. Kumagai Gumi Co's current ratio of last year was 1.55804758. ==> 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.

Kumagai Gumi Co's number of shares in issue this year was 171.624. Kumagai Gumi Co's number of shares in issue last year was 171.854. ==> 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
=290.218/2658.505
=0.10916587

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=237.77/3094.022
=0.07684819

Kumagai Gumi Co's gross margin of this year was 0.10916587. Kumagai Gumi Co's gross margin of last year was 0.07684819. ==> 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)
=2658.505/2870.32
=0.92620509

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3094.022/2869.159
=1.07837244

Kumagai Gumi Co's asset turnover of this year was 0.92620509. Kumagai Gumi Co's asset turnover of last year was 1.07837244. ==> 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

Kumagai Gumi 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?
Kumagai Gumi Co (FRA:KUG1) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kumagai Gumi Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Kumagai Gumi Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kumagai Gumi Co ranks #184 out of 1729 companies in the Construction industry, placing it in the top 10.6%.
Is Kumagai Gumi Co's Piotroski F-Score too high?
Kumagai Gumi 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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Kumagai Gumi Co's value of 7 is 40% above this industry median. Based on the distribution chart, Kumagai Gumi Co ranks #184 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kumagai Gumi Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kumagai Gumi Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kumagai Gumi Co ranks #184 out of 1729 companies for Piotroski F-Score. This places Kumagai Gumi Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kumagai Gumi Co's value of 7 is 40% above this benchmark. Historically, Kumagai Gumi Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kumagai Gumi 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. Kumagai Gumi 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 Kumagai Gumi Co and its competitors. For the Construction 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. Kumagai Gumi 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 Kumagai Gumi Co stock overvalued right now?
Based on GuruFocus' analysis, Kumagai Gumi Co (FRA:KUG1) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.86, compared to a current price of €7.45 — trading 27.1% 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 40% above the Construction industry median of 5.00. Kumagai Gumi Co's overall GF Score™ is 80/100 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 Kumagai Gumi Co (FRA:KUG1), the current Piotroski F-Score is 7 as of Jun. 29, 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 Kumagai Gumi Co (FRA:KUG1) Overvalued in 2026?

Based on GuruFocus' analysis, Kumagai Gumi Co stock appears to be overvalued. The current stock price of €7.45 is trading 27.1% above its estimated GF Value™ of €5.86. GuruFocus considers Kumagai Gumi Co to be Modestly Overvalued.

Key valuation signals for FRA:KUG1:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €5.86 vs. price of €7.45 (27.1% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 40% above the Construction median (#184 of 1729)

No single metric tells the full story. See the FRA:KUG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kumagai Gumi Co Business Description

Other Exchanges 1861:JapanKUG1:Germany
Address 2-1 Tsukudocho, Shinjuku-ku, Tokyo, JPN, 162-8557
Kumagai Gumi Co Ltd is a Japanese company that provides services in construction and civil engineering. The company analyzes, designs, and supervises complex construction projects. It also offers engineering and technical services throughout the construction process. These projects include roads, railways, airports, water systems, and other public facilities. In addition, the company is engaged in manufacturing and selling construction materials and machinery. Construction activities account for the majority of revenue. The company generates additional revenue from developing residential and commercial complexes and either operating the building or acting as a broker and selling the real estate.
80GF Score

Get the complete analysis for FRA:KUG1

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

€7.45
Price
€5.86
GF Value