KDX Realty InvestmentKDXRF 71 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates KDXRF with a GF Score™ of 71/100 and a GF Value™ of $2,630.71. The stock has 4 warning signs investors should review. Among 888 REITs companies, KDX Realty Investment ranks worse than 54.05% 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
KDX Realty Investment 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 KDX Realty Investment's Piotroski F-Score or its related term are showing as below:
KDXRF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of KDX Realty Investment was 7. The lowest was 4. And the median was 6.
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.
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.
KDX Realty Investment Piotroski F-Score Related Terms
KDX Realty Investment Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for KDX Realty Investment'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.
For the REIT - Diversified subindustry, KDX Realty Investment'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.
KDX Realty Investment Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, KDX Realty Investment's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where KDX Realty Investment's Piotroski F-Score falls into.
* 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.
*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.
KDX Realty Investment's current Net Income (TTM) was 223.5.
==> 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.
KDX Realty Investment's current Cash Flow from Operations (TTM) was 545.1.
==> 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.
KDX Realty Investment's return on assets of this year was 0.02697578. KDX Realty Investment's return on assets of last year was 0.10370377.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
KDX Realty Investment's gearing of this year was 0.36533445. KDX Realty Investment's gearing of last year was 0.55678407.
==> 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
KDX Realty Investment's current ratio of this year was 0.68599943. KDX Realty Investment's current ratio of last year was 0.71514236.
==> 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.
KDX Realty Investment's number of shares in issue this year was 4.049. KDX Realty Investment's number of shares in issue last year was 4.107.
==> 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.
KDX Realty Investment's gross margin of this year was 0.59287913. KDX Realty Investment's gross margin of last year was 0.60640996.
==> 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
KDX Realty Investment's asset turnover of this year was 0.06277317. KDX Realty Investment's asset turnover of last year was 0.16388502.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
KDX Realty Investment has an F-score of 5 indicating the company's financial situation is typical for a stable company.
KDX Realty Investment (KDXRF) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KDX Realty Investment and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, KDX Realty Investment's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, KDX Realty Investment ranks #480 out of 888 companies in the REITs industry, placing it in the top 54.1%.
Is KDX Realty Investment's Piotroski F-Score too high?
KDX Realty Investment'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 4.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. KDX Realty Investment's value of 5 is 16.7% below this industry median. Based on the distribution chart, KDX Realty Investment ranks #480 out of 888 companies in the REITs industry, which is below the industry midpoint. Overall, KDX Realty Investment has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does KDX Realty Investment's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, KDX Realty Investment ranks #480 out of 888 companies for Piotroski F-Score. This places KDX Realty Investment in the lower half of its industry. The industry median Piotroski F-Score is 6.00. KDX Realty Investment's value of 5 is 16.7% below this benchmark. Historically, KDX Realty Investment's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, KDX Realty Investment 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. KDX Realty Investment's current Piotroski F-Score of 5 is 16.7% 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 KDX Realty Investment and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KDX Realty Investment'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 KDX Realty Investment stock overvalued right now?
KDX Realty Investment (KDXRF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $2,630.71, compared to a current price of $2,342.50 — 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 16.7% below the REITs industry median of 6.00. KDX Realty Investment's overall GF Score™ is 71/100 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 KDX Realty Investment (KDXRF), the current Piotroski F-Score is 5 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 KDX Realty Investment (KDXRF) Overvalued in 2026?
Based on GuruFocus' analysis, KDX Realty Investment stock appears to be undervalued.
The current stock price of $2,342.50 is trading 11% below its estimated GF Value™ of $2,630.71.
Key valuation signals for KDXRF:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: $2,630.71 vs. price of $2,342.50 (11% below fair value)
Industry Position: 16.7% below the REITs median (#480 of 888)
No single metric tells the full story. See the KDXRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KDX Realty Investment Corp is a Japan-based real estate investment trust. It is engaged in the business of investing in office and residential buildings. The company has around 100 properties, which include Mid-sized Office Buildings and other office buildings, central urban properties, residential properties, and others. The company owns properties in 5 Central wards of Tokyo, Tokyo Metropolitan area, and other regional areas.
71GF Score
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