Seiyu kogyo Co (NGO:9170) Piotroski F-Score: 5 (As of Jul. 01, 2026) — 29% Below Median


NGO:9170 Seiyu kogyo Co Ltd NGO:9170
19 GF Score
Price 円1,700.00
GF Value 円867.19
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Seiyu kogyo Co Piotroski F-Score?

Seiyu kogyo Co NGO:9170 +0.59% 19 Piotroski F-Score is 5 as of Jul. 01, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates NGO:9170 with a GF Score™ of 19/100 and a GF Value™ of 円867.19 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,729 Construction companies, Seiyu kogyo Co ranks better than 52.81% 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

Seiyu kogyo 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 Seiyu kogyo Co's Piotroski F-Score or its related term are showing as below:

NGO:9170' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 5

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

Seiyu kogyo Co  (NGO:9170) 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.


Seiyu kogyo Co Piotroski F-Score Related Terms


Seiyu kogyo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seiyu kogyo 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.

Seiyu kogyo Co Piotroski F-Score Chart

Seiyu kogyo Co Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 8.00 7.00 5.00

Seiyu kogyo Co Semi-Annual Data
Sep21 Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 7.00 0.00 5.00 0.00

NGO:9170 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Seiyu kogyo 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.


Seiyu kogyo Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Seiyu kogyo Co's Piotroski F-Score distribution charts can be found below:

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


NGO:9170
19GF Score
Seiyu kogyo Co Ltd NGO:9170
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円603 Mil.
Cash Flow from Operations was 円1,792 Mil.
Revenue was 円15,309 Mil.
Gross Profit was 円2,818 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (15878.733 + 16426.234) / 2 = 円16152.4835 Mil.
Total Assets at the begining of this year (Sep24) was 円15,879 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,467 Mil.
Total Current Assets was 円6,186 Mil.
Total Current Liabilities was 円5,018 Mil.
Net Income was 円478 Mil.

Revenue was 円13,719 Mil.
Gross Profit was 円1,864 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (11601.568 + 15878.733) / 2 = 円13740.1505 Mil.
Total Assets at the begining of last year (Sep23) was 円11,602 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,000 Mil.
Total Current Assets was 円6,153 Mil.
Total Current Liabilities was 円4,556 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.

Seiyu kogyo Co's current Net Income (TTM) was 603. ==> 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.

Seiyu kogyo Co's current Cash Flow from Operations (TTM) was 1,792. ==> 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 (Sep24)
=603.291/15878.733
=0.03799365

ROA (Last Year)=Net Income/Total Assets (Sep23)
=478.496/11601.568
=0.04124408

Seiyu kogyo Co's return on assets of this year was 0.03799365. Seiyu kogyo Co's return on assets of last year was 0.04124408. ==> 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.

Seiyu kogyo Co's current Net Income (TTM) was 603. Seiyu kogyo Co's current Cash Flow from Operations (TTM) was 1,792. ==> 1,792 > 603 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=5466.56/16152.4835
=0.33843464

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=6000.041/13740.1505
=0.43667942

Seiyu kogyo Co's gearing of this year was 0.33843464. Seiyu kogyo Co's gearing of last year was 0.43667942. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=6186.201/5018.266
=1.23273677

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=6153.352/4556.149
=1.35055987

Seiyu kogyo Co's current ratio of this year was 1.23273677. Seiyu kogyo Co's current ratio of last year was 1.35055987. ==> 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.

Seiyu kogyo Co's number of shares in issue this year was 8.718. Seiyu kogyo Co's number of shares in issue last year was 8.065. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=2817.652/15308.721
=0.18405535

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1863.986/13718.573
=0.13587317

Seiyu kogyo Co's gross margin of this year was 0.18405535. Seiyu kogyo Co's gross margin of last year was 0.13587317. ==> 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 (Sep24)
=15308.721/15878.733
=0.96410217

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=13718.573/11601.568
=1.18247577

Seiyu kogyo Co's asset turnover of this year was 0.96410217. Seiyu kogyo Co's asset turnover of last year was 1.18247577. ==> 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+1+1+0+0+1+0
=5

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

Seiyu kogyo Co has an F-score of 5 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 5 mean?
Seiyu kogyo Co (NGO:9170) has a Piotroski F-Score of 5 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seiyu kogyo Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Seiyu kogyo Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Seiyu kogyo Co ranks #816 out of 1729 companies in the Construction industry, placing it in the top 47.2%.
Is Seiyu kogyo Co's Piotroski F-Score too high?
Seiyu kogyo Co's current Piotroski F-Score of 5 is 29% 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 Construction industry median Piotroski F-Score is 5.00. Seiyu kogyo Co's value of 5 is 0% at this industry median. Based on the distribution chart, Seiyu kogyo Co ranks #816 out of 1729 companies in the Construction industry, which is above the industry midpoint. Overall, Seiyu kogyo Co has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiyu kogyo Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Seiyu kogyo Co ranks #816 out of 1729 companies for Piotroski F-Score. This puts Seiyu kogyo Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Seiyu kogyo Co's value of 5 is 0% at this benchmark. Historically, Seiyu kogyo Co'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, Seiyu kogyo 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. Seiyu kogyo 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 Seiyu kogyo Co and its competitors. For the 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. Seiyu kogyo Co's current Piotroski F-Score is 5, which is 29% 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 Seiyu kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Seiyu kogyo Co (NGO:9170) is currently considered Significantly Overvalued. The stock's GF Value™ is 円867.19, compared to a current price of 円1,700.00 — trading 96% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Construction industry median of 5.00. Seiyu kogyo Co's overall GF Score™ is 19/100 with 8 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 Seiyu kogyo Co (NGO:9170), the current Piotroski F-Score is 5 as of Jul. 01, 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 Seiyu kogyo Co (NGO:9170) Overvalued in 2026?

Based on GuruFocus' analysis, Seiyu kogyo Co stock appears to be overvalued. The current stock price of 円1,700.00 is trading 96% above its estimated GF Value™ of 円867.19. GuruFocus considers Seiyu kogyo Co to be Significantly Overvalued.

Key valuation signals for NGO:9170:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: 円867.19 vs. price of 円1,700.00 (96% above fair value)
  • GF Score™: 19/100 with 8 warning signs
  • Industry Position: 0% at the Construction median (#816 of 1729)

No single metric tells the full story. See the NGO:9170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seiyu kogyo Co Business Description

Address 1141-1 Kusabana, Akiruno City, Tokyo, JPN
Seiyu kogyo Co Ltd is engaged in the business of construction work, Industrial waste treatment, Contaminated soil treatment, Transportation business, and Recycled construction materials production and sales business.
19GF Score

Get the complete analysis for NGO:9170

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

円1,700.00
Price
円867.19
GF Value