Kyokuyo Co (FRA:KYK) Piotroski F-Score: 3 (As of Jun. 29, 2026) — 50% Below Median


FRA:KYK Kyokuyo Co Ltd FRA:KYK
73 GF Score
Price €23.20
GF Value €25.03
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Kyokuyo Co Piotroski F-Score?

Kyokuyo Co FRA:KYK -0.85% 73 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates FRA:KYK with a GF Score™ of 73/100 and a GF Value™ of €25.03 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Kyokuyo Co ranks worse than 84.81% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Kyokuyo Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

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

During the past 13 years, the highest Piotroski F-Score of Kyokuyo Co was 7. The lowest was 3. And the median was 6.

Kyokuyo Co  (FRA:KYK) 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.


Kyokuyo Co Piotroski F-Score Related Terms


Kyokuyo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kyokuyo 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.

Kyokuyo Co Piotroski F-Score Chart

Kyokuyo 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 6.00 4.00 6.00 3.00

Kyokuyo 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 0.00 0.00 0.00 3.00

FRA:KYK vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Kyokuyo 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.


Kyokuyo Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kyokuyo Co's Piotroski F-Score distribution charts can be found below:

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


FRA:KYK
73GF Score
Kyokuyo Co Ltd FRA:KYK
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 €37 Mil.
Cash Flow from Operations was €-4 Mil.
Revenue was €1,824 Mil.
Gross Profit was €225 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1130.155 + 1167.19) / 2 = €1148.6725 Mil.
Total Assets at the begining of this year (Mar25) was €1,130 Mil.
Long-Term Debt & Capital Lease Obligation was €168 Mil.
Total Current Assets was €854 Mil.
Total Current Liabilities was €539 Mil.
Net Income was €42 Mil.

Revenue was €1,878 Mil.
Gross Profit was €241 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (986.888 + 1130.155) / 2 = €1058.5215 Mil.
Total Assets at the begining of last year (Mar24) was €987 Mil.
Long-Term Debt & Capital Lease Obligation was €223 Mil.
Total Current Assets was €833 Mil.
Total Current Liabilities was €465 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.

Kyokuyo Co's current Net Income (TTM) was 37. ==> 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.

Kyokuyo Co's current Cash Flow from Operations (TTM) was -4. ==> Negative ==> Score 0.

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)
=37.291/1130.155
=0.03299636

ROA (Last Year)=Net Income/Total Assets (Mar24)
=41.826/986.888
=0.04238171

Kyokuyo Co's return on assets of this year was 0.03299636. Kyokuyo Co's return on assets of last year was 0.04238171. ==> 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.

Kyokuyo Co's current Net Income (TTM) was 37. Kyokuyo Co's current Cash Flow from Operations (TTM) was -4. ==> -4 <= 37 ==> CFROA <= ROA ==> Score 0.

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
=167.562/1148.6725
=0.14587448

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=223.05/1058.5215
=0.21071844

Kyokuyo Co's gearing of this year was 0.14587448. Kyokuyo Co's gearing of last year was 0.21071844. ==> 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
=854.214/538.692
=1.58571874

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=833.159/465.393
=1.79022675

Kyokuyo Co's current ratio of this year was 1.58571874. Kyokuyo Co's current ratio of last year was 1.79022675. ==> 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.

Kyokuyo Co's number of shares in issue this year was 11.877. Kyokuyo Co's number of shares in issue last year was 11.877. ==> 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
=225.382/1824.013
=0.12356381

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=240.897/1878.334
=0.12825035

Kyokuyo Co's gross margin of this year was 0.12356381. Kyokuyo Co's gross margin of last year was 0.12825035. ==> 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)
=1824.013/1130.155
=1.61394941

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1878.334/986.888
=1.90328994

Kyokuyo Co's asset turnover of this year was 1.61394941. Kyokuyo Co's asset turnover of last year was 1.90328994. ==> 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+0+0+0+1+0+1+0+0
=3

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

Kyokuyo Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Kyokuyo Co (FRA:KYK) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kyokuyo Co and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Kyokuyo Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Kyokuyo Co ranks #1619 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Kyokuyo Co's Piotroski F-Score too high?
Kyokuyo Co's current Piotroski F-Score of 3 is 50% below 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 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kyokuyo Co's value of 3 is 40% below this industry median. Based on the distribution chart, Kyokuyo Co ranks #1619 out of 1909 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Kyokuyo Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kyokuyo Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kyokuyo Co ranks #1619 out of 1909 companies for Piotroski F-Score. This places Kyokuyo Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kyokuyo Co's value of 3 is 40% below this benchmark. Historically, Kyokuyo Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kyokuyo Co has consistently been below 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Kyokuyo Co's current Piotroski F-Score of 3 is 40% below 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 Kyokuyo Co and its competitors. For the Consumer Packaged Goods 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. Kyokuyo Co's current Piotroski F-Score is 3, which is 50% 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 Kyokuyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kyokuyo Co (FRA:KYK) is currently considered Fairly Valued. The stock's GF Value™ is €25.03, compared to a current price of €23.20 — trading 7.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Kyokuyo Co's overall GF Score™ is 73/100 with 4 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 Kyokuyo Co (FRA:KYK), the current Piotroski F-Score is 3 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 Kyokuyo Co (FRA:KYK) Overvalued in 2026?

Based on GuruFocus' analysis, Kyokuyo Co stock appears to be undervalued. The current stock price of €23.20 is trading 7.3% below its estimated GF Value™ of €25.03. GuruFocus considers Kyokuyo Co to be Fairly Valued.

Key valuation signals for FRA:KYK:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: €25.03 vs. price of €23.20 (7.3% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1619 of 1909)

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


Kyokuyo Co Business Description

Other Exchanges 1301:Japan
Address Kokusai Sanno Building, 3-5, 3-chome, Akasaka, Minato-ku, Tokyo, JPN, 107-0052
Kyokuyo Co Ltd is a Japan-based food company focusing on marine products. The firm is mainly engaged in procurement, processing and sales of marine food products. Its business activities are divided into five business segments including fisheries trading business, bonito business, frozen food business, room temperature food business and logistics service business. It sells its products to domestic sushi rolls, restaurants, pubs, supermarkets for fish farms and prepared foods, convenience stores, business establishments meals and elderly facilities.
73GF Score

Get the complete analysis for FRA:KYK

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

€23.20
Price
€25.03
GF Value