Hokkaido Electric Power CoSSE:9509 67 Piotroski F-Score is 5 as of Jul. 04, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates SSE:9509 with a GF Score™ of 67/100 and a GF Value™ of 円850.64. The stock has 5 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Hokkaido Electric Power Co ranks better than 61.39% 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
Hokkaido Electric Power 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 Hokkaido Electric Power Co's Piotroski F-Score or its related term are showing as below:
SSE:9509'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Hokkaido Electric Power Co was 9. The lowest was 4. And the median was 7.
Hokkaido Electric Power Co (SSE:9509) 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.
Hokkaido Electric Power Co Piotroski F-Score Related Terms
Hokkaido Electric Power Co Piotroski F-Score Historical Data
* 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.
Hokkaido Electric Power Co Piotroski F-Score Chart
Hokkaido Electric Power Co Piotroski F-Score Competitor Comparison
For the Utilities - Renewable subindustry, Hokkaido Electric Power 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.
Hokkaido Electric Power Co Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Hokkaido Electric Power Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hokkaido Electric Power 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.
Hokkaido Electric Power Co's current Net Income (TTM) was 43,998.
==> 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.
Hokkaido Electric Power Co's current Cash Flow from Operations (TTM) was 114,545.
==> 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.
Hokkaido Electric Power Co's return on assets of this year was 0.01960693. Hokkaido Electric Power Co's return on assets of last year was 0.02998472.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hokkaido Electric Power Co's gearing of this year was 0.59365513. Hokkaido Electric Power Co's gearing of last year was 0.55531006.
==> 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
Hokkaido Electric Power Co's current ratio of this year was 0.92041942. Hokkaido Electric Power Co's current ratio of last year was 0.85046233.
==> This year's current ratio is higher. ==> Score 1.
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.
Hokkaido Electric Power Co's number of shares in issue this year was 214.687. Hokkaido Electric Power Co's number of shares in issue last year was 205.325.
==> 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.
Hokkaido Electric Power Co's gross margin of this year was 0.08556021. Hokkaido Electric Power Co's gross margin of last year was 0.08407276.
==> 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
Hokkaido Electric Power Co's asset turnover of this year was 0.38145314. Hokkaido Electric Power Co's asset turnover of last year was 0.42118681.
==> 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
Hokkaido Electric Power Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Hokkaido Electric Power Co (SSE:9509) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hokkaido Electric Power Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Hokkaido Electric Power Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Hokkaido Electric Power Co ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.6%.
Is Hokkaido Electric Power Co's Piotroski F-Score too high?
Hokkaido Electric Power 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 4.00 to a high of 9.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Hokkaido Electric Power Co's value of 5 is 0% at this industry median. Based on the distribution chart, Hokkaido Electric Power Co ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Hokkaido Electric Power Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Electric Power Co's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Hokkaido Electric Power Co ranks #161 out of 417 companies for Piotroski F-Score. This puts Hokkaido Electric Power Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hokkaido Electric Power Co's value of 5 is 0% at this benchmark. Historically, Hokkaido Electric Power Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Hokkaido Electric Power 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Hokkaido Electric Power 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 Hokkaido Electric Power Co and its competitors. For the Utilities - Independent Power Producers 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. Hokkaido Electric Power 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 Hokkaido Electric Power Co stock overvalued right now?
Hokkaido Electric Power Co (SSE:9509) has a current Piotroski F-Score of 5. The stock's GF Value™ is 円850.64, compared to a current price of 円1,075.00 — trading 26.4% 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 Utilities - Independent Power Producers industry median of 5.00. Hokkaido Electric Power Co's overall GF Score™ is 67/100 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 Hokkaido Electric Power Co (SSE:9509), the current Piotroski F-Score is 5 as of Jul. 04, 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 Hokkaido Electric Power Co (SSE:9509) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Electric Power Co stock appears to be overvalued.
The current stock price of 円1,075.00 is trading 26.4% above its estimated GF Value™ of 円850.64.
Key valuation signals for SSE:9509:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: 円850.64 vs. price of 円1,075.00 (26.4% above fair value)
Industry Position: 0% at the Utilities - Independent Power Producers median (#161 of 417)
No single metric tells the full story. See the SSE:9509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Electric Power Co Inc is a Japanese electric utility that serves the northernmost island of Hokkaido. HEPCO is involved in the generation, transmission, and distribution of electric energy on the island. The company utilizes a portfolio of hydroelectric, steam, gas, internal combustion, nuclear, geothermal, and solar power plants to do this. While majority of HEPCO's sites are hydroelectric, the company's fossil fuel facilities represent the vast majority of its total energy production and production capacity. Hokkaido Electric Power's electric utility business is responsible for nearly all of its revenue with sales split mainly between residential and commercial/industrial customer groups. Electrical output, however, is transmitted to residential customers.
67GF Score
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