Kakuzi (NAI:KUKZ) Piotroski F-Score: 7 (As of Jul. 21, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NAI:KUKZ Kakuzi PLC NAI:KUKZ
76 GF Score
Price KES429.50
GF Value KES442.76
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kakuzi Piotroski F-Score?

Kakuzi NAI:KUKZ +1.24% 76 Piotroski F-Score is 7 as of Jul. 21, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NAI:KUKZ with a GF Score™ of 76/100 and a GF Value™ of KES442.76 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Kakuzi ranks better than 88.51% 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

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

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

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

Kakuzi  (NAI:KUKZ) 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.


Kakuzi Piotroski F-Score Related Terms


Kakuzi Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kakuzi'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.

Kakuzi Piotroski F-Score Chart

Kakuzi Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 6.00 3.00 7.00

Kakuzi Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.00 0.00 7.00

NAI:KUKZ vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Kakuzi'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.


Kakuzi Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


NAI:KUKZ
76GF Score
Kakuzi PLC NAI:KUKZ
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was KES388 Mil.
Cash Flow from Operations was KES853 Mil.
Revenue was KES5,369 Mil.
Gross Profit was KES1,893 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6915.641 + 7231.575) / 2 = KES7073.608 Mil.
Total Assets at the begining of this year (Dec24) was KES6,916 Mil.
Long-Term Debt & Capital Lease Obligation was KES1 Mil.
Total Current Assets was KES3,159 Mil.
Total Current Liabilities was KES407 Mil.
Net Income was KES-132 Mil.

Revenue was KES4,792 Mil.
Gross Profit was KES892 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (7616.112 + 6915.641) / 2 = KES7265.8765 Mil.
Total Assets at the begining of last year (Dec23) was KES7,616 Mil.
Long-Term Debt & Capital Lease Obligation was KES1 Mil.
Total Current Assets was KES2,758 Mil.
Total Current Liabilities was KES314 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.

Kakuzi's current Net Income (TTM) was 388. ==> 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.

Kakuzi's current Cash Flow from Operations (TTM) was 853. ==> 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 (Dec24)
=387.573/6915.641
=0.05604296

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-131.694/7616.112
=-0.0172915

Kakuzi's return on assets of this year was 0.05604296. Kakuzi's return on assets of last year was -0.0172915. ==> 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.

Kakuzi's current Net Income (TTM) was 388. Kakuzi's current Cash Flow from Operations (TTM) was 853. ==> 853 > 388 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.691/7073.608
=9.769E-5

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.688/7265.8765
=9.469E-5

Kakuzi's gearing of this year was 9.769E-5. Kakuzi's gearing of last year was 9.469E-5. ==> Last year is lower than this year ==> Score 0.

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: Dec25)=Total Current Assets/Total Current Liabilities
=3158.684/406.807
=7.76457632

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2757.899/314.367
=8.7728642

Kakuzi's current ratio of this year was 7.76457632. Kakuzi's current ratio of last year was 8.7728642. ==> 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.

Kakuzi's number of shares in issue this year was 19.6. Kakuzi's number of shares in issue last year was 19.6. ==> 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
=1893.088/5368.622
=0.35262084

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=892.334/4791.692
=0.18622524

Kakuzi's gross margin of this year was 0.35262084. Kakuzi's gross margin of last year was 0.18622524. ==> 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 (Dec24)
=5368.622/6915.641
=0.77630143

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=4791.692/7616.112
=0.62915199

Kakuzi's asset turnover of this year was 0.77630143. Kakuzi's asset turnover of last year was 0.62915199. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+1+1+1
=7

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

Kakuzi 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?
Kakuzi (NAI:KUKZ) has a Piotroski F-Score of 7 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kakuzi and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Kakuzi's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Kakuzi ranks #220 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Kakuzi's Piotroski F-Score too high?
Kakuzi'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 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kakuzi's value of 7 is 40% above this industry median. Based on the distribution chart, Kakuzi ranks #220 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Kakuzi has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kakuzi's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Kakuzi ranks #220 out of 1914 companies for Piotroski F-Score. This places Kakuzi in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kakuzi's value of 7 is 40% above this benchmark. Historically, Kakuzi'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, Kakuzi 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 1,914 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. Kakuzi'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 Kakuzi 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. Kakuzi'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 Kakuzi stock overvalued right now?
Based on GuruFocus' analysis, Kakuzi (NAI:KUKZ) is currently considered Fairly Valued. The stock's GF Value™ is KES442.76, compared to a current price of KES429.50 — trading 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 Consumer Packaged Goods industry median of 5.00. Kakuzi's overall GF Score™ is 76/100 with 5 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 Kakuzi (NAI:KUKZ), the current Piotroski F-Score is 7 as of Jul. 21, 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 Kakuzi (NAI:KUKZ) Overvalued in 2026?

Based on GuruFocus' analysis, Kakuzi stock appears to be undervalued. The current stock price of KES429.50 is trading 3% below its estimated GF Value™ of KES442.76. GuruFocus considers Kakuzi to be Fairly Valued.

Key valuation signals for NAI:KUKZ:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: KES442.76 vs. price of KES429.50 (3% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#220 of 1914)

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


Kakuzi Business Description

Address Punda Milia Road, P.O. Box 24, Makuyu, Thika, KEN, 01000
Kakuzi PLC is a Kenyan agricultural cultivation and manufacturing company. It is engaged in the Growing, packing, and selling of avocados, growing, cracking, and selling of macadamia nuts, the cultivation and sale of tea green leaf, Forestry development and sale of forestry products, Livestock farming, animal feed, and the sale of beef, and growing, packing, and selling of blueberries. The company operates in two geographical areas in Kenya, Makuyu and Nandi Hills. Its principal operating segments consist of Avocados, Macadamia, Tea, and Forestry. It derives maximum revenue from the Avocados segment.
76GF Score

Get the complete analysis for NAI:KUKZ

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

KES429.50
Price
KES442.76
GF Value