KDCLF (Japan Engine) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 14% Below Median


KDCLF Japan Engine Corp KDCLF
60 GF Score
Price $50.45
GF Value $34.01
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Japan Engine Piotroski F-Score?

Japan Engine KDCLF 60 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates KDCLF with a GF Score™ of 60/100 and a GF Value™ of $34.01 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,979 Industrial Products companies, Japan Engine ranks better than 75.29% 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

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

KDCLF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Japan Engine was 7. The lowest was 2. And the median was 7.

Japan Engine  (OTCPK:KDCLF) 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.


Japan Engine Piotroski F-Score Related Terms


Japan Engine Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Engine'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.

Japan Engine Piotroski F-Score Chart

Japan Engine 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 6.00 7.00 7.00 6.00

Japan Engine 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 7.00 0.00 0.00 0.00 6.00

KDCLF vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Japan Engine'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.


Japan Engine Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Japan Engine's Piotroski F-Score distribution charts can be found below:

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


KDCLF
60GF Score
Japan Engine Corp KDCLF
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 $30.0 Mil.
Cash Flow from Operations was $16.1 Mil.
Revenue was $187.2 Mil.
Gross Profit was $61.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (221.128 + 201.392) / 2 = $211.26 Mil.
Total Assets at the begining of this year (Mar25) was $221.1 Mil.
Long-Term Debt & Capital Lease Obligation was $16.3 Mil.
Total Current Assets was $134.7 Mil.
Total Current Liabilities was $67.2 Mil.
Net Income was $29.0 Mil.

Revenue was $193.6 Mil.
Gross Profit was $55.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (166.89 + 221.128) / 2 = $194.009 Mil.
Total Assets at the begining of last year (Mar24) was $166.9 Mil.
Long-Term Debt & Capital Lease Obligation was $25.0 Mil.
Total Current Assets was $152.9 Mil.
Total Current Liabilities was $101.0 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.

Japan Engine's current Net Income (TTM) was 30.0. ==> 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.

Japan Engine's current Cash Flow from Operations (TTM) was 16.1. ==> 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)
=29.987/221.128
=0.13560924

ROA (Last Year)=Net Income/Total Assets (Mar24)
=29.023/166.89
=0.17390497

Japan Engine's return on assets of this year was 0.13560924. Japan Engine's return on assets of last year was 0.17390497. ==> 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.

Japan Engine's current Net Income (TTM) was 30.0. Japan Engine's current Cash Flow from Operations (TTM) was 16.1. ==> 16.1 <= 30.0 ==> 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
=16.331/211.26
=0.07730285

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=25.016/194.009
=0.12894247

Japan Engine's gearing of this year was 0.07730285. Japan Engine's gearing of last year was 0.12894247. ==> 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
=134.712/67.151
=2.00610564

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=152.88/101.018
=1.51339365

Japan Engine's current ratio of this year was 2.00610564. Japan Engine's current ratio of last year was 1.51339365. ==> 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.

Japan Engine's number of shares in issue this year was 8.384. Japan Engine's number of shares in issue last year was 8.384. ==> 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
=61.425/187.211
=0.32810572

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=55.192/193.634
=0.28503259

Japan Engine's gross margin of this year was 0.32810572. Japan Engine's gross margin of last year was 0.28503259. ==> 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)
=187.211/221.128
=0.84661825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=193.634/166.89
=1.16024927

Japan Engine's asset turnover of this year was 0.84661825. Japan Engine's asset turnover of last year was 1.16024927. ==> 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+0+1+1+1+1+0
=6

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

Japan Engine 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?
Japan Engine (KDCLF) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Engine and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Japan Engine's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Japan Engine ranks #736 out of 2979 companies in the Industrial Products industry, placing it in the top 24.7%.
Is Japan Engine's Piotroski F-Score too high?
Japan Engine's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Japan Engine's value of 6 is 20% above this industry median. Based on the distribution chart, Japan Engine ranks #736 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Engine has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Engine's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Japan Engine ranks #736 out of 2979 companies for Piotroski F-Score. This places Japan Engine in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Japan Engine's value of 6 is 20% above this benchmark. Historically, Japan Engine's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Japan Engine 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Japan Engine'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 Japan Engine and its competitors. For the Industrial Products 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. Japan Engine's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Engine stock overvalued right now?
Based on GuruFocus' analysis, Japan Engine (KDCLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.01, compared to a current price of $50.45 — trading 48.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Industrial Products industry median of 5.00. Japan Engine's overall GF Score™ is 60/100 with 1 warning sign 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 Japan Engine (KDCLF), the current Piotroski F-Score is 6 as of Jun. 24, 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 Japan Engine (KDCLF) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Engine stock appears to be overvalued. The current stock price of $50.45 is trading 48.3% above its estimated GF Value™ of $34.01. GuruFocus considers Japan Engine to be Significantly Overvalued.

Key valuation signals for KDCLF:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $34.01 vs. price of $50.45 (48.3% above fair value)
  • GF Score™: 60/100 with 1 warning sign
  • Industry Position: 20% above the Industrial Products median (#736 of 2979)

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


Japan Engine Business Description

Other Exchanges 6016:Japan
Address 1-38, Minamifutami, Futami-cho, Hyogo Prefecture, Akashi, JPN, 674 0093
Japan Engine Corp is a Japanese company engaged in the production and sale of various types of UE diesel engines. It also manufactures machinery and equipment related to marine, factory automation and energy saving. The organization has a business presence in Japan and other countries.
60GF Score

Get the complete analysis for KDCLF

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

$50.45
Price
$34.01
GF Value