LIXIL (FRA:TJS) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


FRA:TJS LIXIL Corp FRA:TJS
64 GF Score
Price €9.05
GF Value €9.46
! 7 Warning Signs
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What is LIXIL Piotroski F-Score?

LIXIL FRA:TJS 64 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:TJS with a GF Score™ of 64/100 and a GF Value™ of €9.46. The stock has 7 warning signs investors should review. Among 1,734 Construction companies, LIXIL ranks better than 89.33% 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

LIXIL 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 LIXIL's Piotroski F-Score or its related term are showing as below:

FRA:TJS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of LIXIL was 8. The lowest was 4. And the median was 6.

LIXIL  (FRA:TJS) 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.


LIXIL Piotroski F-Score Related Terms


LIXIL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LIXIL'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.

LIXIL Piotroski F-Score Chart

LIXIL 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 7.00 5.00 4.00 6.00 7.00

LIXIL 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 8.00 7.00 6.00 7.00

FRA:TJS vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, LIXIL'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.


LIXIL Piotroski F-Score vs Construction Industry

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

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


FRA:TJS
64GF Score
LIXIL Corp FRA:TJS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -5.455 + 24.57 + 46.295 + -19.973 = €45 Mil.
Cash Flow from Operations was 117.055 + 60.485 + 78.304 + 209.263 = €465 Mil.
Revenue was 2188.33 + 2139.247 + 2204.965 + 2028.916 = €8,561 Mil.
Gross Profit was 748.669 + 732.57 + 762.928 + 675.733 = €2,920 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(11361.337 + 10992.757 + 10760.233 + 10620.914 + 10269.531) / 5 = €10800.9544 Mil.
Total Assets at the begining of this year (Mar25) was €11,361 Mil.
Long-Term Debt & Capital Lease Obligation was €2,523 Mil.
Total Current Assets was €3,919 Mil.
Total Current Liabilities was €3,055 Mil.
Net Income was -34.474 + 12.139 + 51.005 + -14.161 = €15 Mil.

Revenue was 2176.335 + 2331.769 + 2487.742 + 2260.354 = €9,256 Mil.
Gross Profit was 690.624 + 780.504 + 843.488 + 751.312 = €3,066 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(11585.126 + 11281.083 + 11437.13 + 11858.346 + 11361.337) / 5 = €11504.6044 Mil.
Total Assets at the begining of last year (Mar24) was €11,585 Mil.
Long-Term Debt & Capital Lease Obligation was €2,778 Mil.
Total Current Assets was €4,352 Mil.
Total Current Liabilities was €3,548 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.

LIXIL's current Net Income (TTM) was 45. ==> 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.

LIXIL's current Cash Flow from Operations (TTM) was 465. ==> 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)
=45.437/11361.337
=0.00399927

ROA (Last Year)=Net Income/Total Assets (Mar24)
=14.509/11585.126
=0.00125238

LIXIL's return on assets of this year was 0.00399927. LIXIL's return on assets of last year was 0.00125238. ==> 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.

LIXIL's current Net Income (TTM) was 45. LIXIL's current Cash Flow from Operations (TTM) was 465. ==> 465 > 45 ==> 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
=2522.658/10800.9544
=0.2335588

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2778.129/11504.6044
=0.24147975

LIXIL's gearing of this year was 0.2335588. LIXIL's gearing of last year was 0.24147975. ==> 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
=3919.084/3055.287
=1.28272205

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4351.66/3548.288
=1.22641116

LIXIL's current ratio of this year was 1.28272205. LIXIL's current ratio of last year was 1.22641116. ==> 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.

LIXIL's number of shares in issue this year was 287.434. LIXIL's number of shares in issue last year was 287.088. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2919.9/8561.458
=0.34105172

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3065.928/9256.2
=0.33122966

LIXIL's gross margin of this year was 0.34105172. LIXIL's gross margin of last year was 0.33122966. ==> 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)
=8561.458/11361.337
=0.75356078

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9256.2/11585.126
=0.79897275

LIXIL's asset turnover of this year was 0.75356078. LIXIL's asset turnover of last year was 0.79897275. ==> 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+1+1+0+1+0
=7

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

LIXIL 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?
LIXIL (FRA:TJS) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LIXIL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, LIXIL's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, LIXIL ranks #185 out of 1734 companies in the Construction industry, placing it in the top 10.7%.
Is LIXIL's Piotroski F-Score too high?
LIXIL'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 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. LIXIL's value of 7 is 40% above this industry median. Based on the distribution chart, LIXIL ranks #185 out of 1734 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, LIXIL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does LIXIL's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, LIXIL ranks #185 out of 1734 companies for Piotroski F-Score. This places LIXIL in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LIXIL's value of 7 is 40% above this benchmark. Historically, LIXIL'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 6.00 vs. the industry median of 5.00, LIXIL 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 1,734 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. LIXIL'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 LIXIL 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. LIXIL'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 LIXIL stock overvalued right now?
LIXIL (FRA:TJS) has a current Piotroski F-Score of 7. The stock's GF Value™ is €9.46, compared to a current price of €9.05 — trading 4.3% below 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. LIXIL's overall GF Score™ is 64/100 with 7 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 LIXIL (FRA:TJS), the current Piotroski F-Score is 7 as of Jun. 25, 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 LIXIL (FRA:TJS) Overvalued in 2026?

Based on GuruFocus' analysis, LIXIL stock appears to be undervalued. The current stock price of €9.05 is trading 4.3% below its estimated GF Value™ of €9.46.

Key valuation signals for FRA:TJS:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €9.46 vs. price of €9.05 (4.3% below fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 40% above the Construction median (#185 of 1734)

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


LIXIL Business Description

Other Exchanges JSGRY:USA5938:Japan
Address 1-1-1 Nishishinagawa, 24th Floor, Osaki Garden Tower, Shinagawa-ku, Tokyo, JPN, 141-0033
LIXIL Corp is a Japan-based company engaged in housing and building materials businesses. The company operates through two main segments: Water Technology Business and Housing Technology Business. The Water Technology Business manufactures and sells sanitary ware, water faucets, bathroom units, and system kitchens. The Housing Technology Business provides windows, doors, shutters, interior and exterior building materials, curtain walls, housing solutions, and real estate management services. It generates the majority of its revenue from the Water technology business segment.
64GF Score

Get the complete analysis for FRA:TJS

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

€9.05
Price
€9.46
GF Value