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Meiko Construction CoNGO:1869 -0.42%66 Piotroski F-Score is 5 as of Jul. 17, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates NGO:1869 with a GF Score™ of 66/100 and a GF Value™ of 円1,414.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 93 Homebuilding & Construction companies, Meiko Construction Co ranks better than 62.37% 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
Meiko Construction Co 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 Meiko Construction Co's Piotroski F-Score or its related term are showing as below:
NGO:1869'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Meiko Construction Co was 7. The lowest was 3. And the median was 6.
Meiko Construction Co (NGO:1869) 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.
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.
Meiko Construction Co Piotroski F-Score Related Terms
Meiko Construction Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Meiko Construction Co'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.
NGO:1869 vs DHI, PHM, LEN: Piotroski F-Score Comparison
For the Residential Construction subindustry, Meiko Construction Co'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.
Meiko Construction Co Piotroski F-Score vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meiko Construction Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Meiko Construction Co'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.
Meiko Construction Co's current Net Income (TTM) was 5,969.
==> 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.
Meiko Construction Co's current Cash Flow from Operations (TTM) was 5,589.
==> 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.
Meiko Construction Co's return on assets of this year was 0.0544041. Meiko Construction Co's return on assets of last year was 0.04982843.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Meiko Construction Co's gearing of this year was 0.05319348. Meiko Construction Co's gearing of last year was 0.02258682.
==> 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
Meiko Construction Co's current ratio of this year was 2.62417791. Meiko Construction Co's current ratio of last year was 2.65281363.
==> 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.
Meiko Construction Co's number of shares in issue this year was 25.243. Meiko Construction Co's number of shares in issue last year was 25.243.
==> 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.
Meiko Construction Co's gross margin of this year was 0.14025352. Meiko Construction Co's gross margin of last year was 0.12643555.
==> 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
Meiko Construction Co's asset turnover of this year was 0.88367239. Meiko Construction Co's asset turnover of last year was 0.89554678.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Meiko Construction Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Meiko Construction Co (NGO:1869) has a Piotroski F-Score of 5 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Meiko Construction Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Meiko Construction Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Meiko Construction Co ranks #35 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 37.6%.
Is Meiko Construction Co's Piotroski F-Score too high?
Meiko Construction Co'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 3.00 to a high of 7.00. The Homebuilding & Construction industry median Piotroski F-Score is 5.00. Meiko Construction Co's value of 5 is 0% at this industry median. Based on the distribution chart, Meiko Construction Co ranks #35 out of 93 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Meiko Construction Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiko Construction Co's Piotroski F-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Meiko Construction Co ranks #35 out of 93 companies for Piotroski F-Score. This puts Meiko Construction Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Meiko Construction Co's value of 5 is 0% at this benchmark. Historically, Meiko Construction Co'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, Meiko Construction Co has consistently been at 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 Homebuilding & Construction company?
The median Piotroski F-Score among Homebuilding & Construction companies is 5.00, based on 93 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. Meiko Construction Co's current Piotroski F-Score of 5 is 0% at 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 Meiko Construction Co and its competitors. For the Homebuilding & 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. Meiko Construction Co'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 Meiko Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Meiko Construction Co (NGO:1869) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,414.40, compared to a current price of 円1,898.00 — trading 34.2% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Homebuilding & Construction industry median of 5.00. Meiko Construction Co's overall GF Score™ is 66/100 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 Meiko Construction Co (NGO:1869), the current Piotroski F-Score is 5 as of Jul. 17, 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 Meiko Construction Co (NGO:1869) Overvalued in 2026?
Based on GuruFocus' analysis, Meiko Construction Co stock appears to be overvalued.
The current stock price of 円1,898.00 is trading 34.2% above its estimated GF Value™ of 円1,414.40.
GuruFocus considers Meiko Construction Co to be Significantly Overvalued.
Key valuation signals for NGO:1869:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: 円1,414.40 vs. price of 円1,898.00 (34.2% above fair value)
Industry Position: 0% at the Homebuilding & Construction median (#35 of 93)
No single metric tells the full story. See the NGO:1869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiko Construction Co Ltd is engaged in the construction industry. The company undertakes contract for civil works, construction work, track construction and construction work of the facility construction, supervision, planning, design, surveying and consulting. The company is also involved in the buying and selling of houses and real estate, lease, and brokerage. Construction materials on rental, warehousing, and management of education and cultural facilities are additional activities done by the company.
66GF Score
Get the complete analysis for NGO:1869
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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