KWPCF (Kewpie) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 14% Below Median


KWPCF Kewpie Corp KWPCF
81 GF Score
Price $27.53
GF Value $22.51
! 1 Warning Sign
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What is Kewpie Piotroski F-Score?

Kewpie KWPCF 81 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates KWPCF with a GF Score™ of 81/100 and a GF Value™ of $22.51. The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, Kewpie ranks better than 73.47% 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

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

KWPCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kewpie was 8. The lowest was 5. And the median was 7.

Kewpie  (OTCPK:KWPCF) 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.


Kewpie Piotroski F-Score Related Terms


Kewpie Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kewpie'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.

Kewpie Piotroski F-Score Chart

Kewpie Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 5.00 7.00 6.00

Kewpie Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 0.00 6.00 0.00

KWPCF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Kewpie'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.


Kewpie Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


KWPCF
81GF Score
Kewpie Corp KWPCF
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was $197 Mil.
Cash Flow from Operations was $205 Mil.
Revenue was $3,309 Mil.
Gross Profit was $973 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (3008.029 + 3097.38) / 2 = $3052.7045 Mil.
Total Assets at the begining of this year (Nov24) was $3,008 Mil.
Long-Term Debt & Capital Lease Obligation was $23 Mil.
Total Current Assets was $1,311 Mil.
Total Current Liabilities was $677 Mil.
Net Income was $139 Mil.

Revenue was $3,149 Mil.
Gross Profit was $961 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (2846.131 + 3008.029) / 2 = $2927.08 Mil.
Total Assets at the begining of last year (Nov23) was $2,846 Mil.
Long-Term Debt & Capital Lease Obligation was $125 Mil.
Total Current Assets was $1,325 Mil.
Total Current Liabilities was $594 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.

Kewpie's current Net Income (TTM) was 197. ==> 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.

Kewpie's current Cash Flow from Operations (TTM) was 205. ==> 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 (Nov24)
=196.634/3008.029
=0.06536972

ROA (Last Year)=Net Income/Total Assets (Nov23)
=139.344/2846.131
=0.0489591

Kewpie's return on assets of this year was 0.06536972. Kewpie's return on assets of last year was 0.0489591. ==> 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.

Kewpie's current Net Income (TTM) was 197. Kewpie's current Cash Flow from Operations (TTM) was 205. ==> 205 > 197 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=23.153/3052.7045
=0.00758442

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=125.461/2927.08
=0.04286217

Kewpie's gearing of this year was 0.00758442. Kewpie's gearing of last year was 0.04286217. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=1310.839/676.668
=1.93719668

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=1325.376/593.569
=2.23289289

Kewpie's current ratio of this year was 1.93719668. Kewpie's current ratio of last year was 2.23289289. ==> 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.

Kewpie's number of shares in issue this year was 138.266. Kewpie's number of shares in issue last year was 139.002. ==> 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
=972.837/3309.355
=0.29396574

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=961.32/3148.636
=0.30531316

Kewpie's gross margin of this year was 0.29396574. Kewpie's gross margin of last year was 0.30531316. ==> 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 (Nov24)
=3309.355/3008.029
=1.1001739

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=3148.636/2846.131
=1.10628639

Kewpie's asset turnover of this year was 1.1001739. Kewpie's asset turnover of last year was 1.10628639. ==> 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+0+1+0+0
=6

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

Kewpie 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?
Kewpie (KWPCF) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kewpie and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Kewpie's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Kewpie ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is Kewpie's Piotroski F-Score too high?
Kewpie'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 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kewpie's value of 6 is 20% above this industry median. Based on the distribution chart, Kewpie ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Kewpie has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Kewpie's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kewpie ranks #507 out of 1911 companies for Piotroski F-Score. This puts Kewpie in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kewpie's value of 6 is 20% above this benchmark. Historically, Kewpie's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kewpie 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Kewpie'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 Kewpie 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. Kewpie'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 Kewpie stock overvalued right now?
Kewpie (KWPCF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $22.51, compared to a current price of $27.53 — trading 22.3% 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 Consumer Packaged Goods industry median of 5.00. Kewpie's overall GF Score™ is 81/100 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 Kewpie (KWPCF), the current Piotroski F-Score is 6 as of Jun. 27, 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 Kewpie (KWPCF) Overvalued in 2026?

Based on GuruFocus' analysis, Kewpie stock appears to be overvalued. The current stock price of $27.53 is trading 22.3% above its estimated GF Value™ of $22.51.

Key valuation signals for KWPCF:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $22.51 vs. price of $27.53 (22.3% above fair value)
  • GF Score™: 81/100 with 1 warning sign
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


Kewpie Business Description

Other Exchanges 2809:JapanQPJ:Germany
Address 1-4-13 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
Kewpie Corp is a Japanese packaged-food company. The company operates through six segments. The Common segment handles shared operations such as food manufacturing machinery and general food products. The Fine Chemicals segment produces ingredients like hyaluronic acid and egg yolk lecithin for pharmaceuticals, cosmetics, and food applications. The For Business Use and For Commercial Use segments manufacture and sell mayonnaise, dressings, pasta sauces, egg products, and salads for household and institutional markets. The Fruit Solutions segment offers jams and processed fruit products for home and industrial use, while the Overseas segment manufactures and sells food products such as mayonnaise and dressings in markets across Asia, North America, and other regions.
81GF Score

Get the complete analysis for KWPCF

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

$27.53
Price
$22.51
GF Value