Sanwa HoldingsSTU:XST +1.02%86 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates STU:XST with a GF Score™ of 86/100 and a GF Value™ of €20.09. The stock has 1 warning sign investors should review. Among 1,735 Construction companies, Sanwa Holdings ranks better than 74.24% 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
Sanwa Holdings 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 Sanwa Holdings's Piotroski F-Score or its related term are showing as below:
STU:XST'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sanwa Holdings was 8. The lowest was 6. And the median was 7.
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.
Sanwa Holdings Piotroski F-Score Related Terms
Sanwa Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sanwa Holdings'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.
STU:XST vs TT, JCI, CARR: Piotroski F-Score Comparison
For the Building Products & Equipment subindustry, Sanwa Holdings'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.
Sanwa Holdings Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Sanwa Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sanwa Holdings'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.
Sanwa Holdings's current Net Income (TTM) was 326.
==> 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.
Sanwa Holdings's return on assets of this year was 0.09821772. Sanwa Holdings's return on assets of last year was 0.11820159.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sanwa Holdings's gearing of this year was 0.03661522. Sanwa Holdings's gearing of last year was 0.0839862.
==> 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
Sanwa Holdings's current ratio of this year was 2.34069053. Sanwa Holdings's current ratio of last year was 2.43952627.
==> 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.
Sanwa Holdings's number of shares in issue this year was 212.363. Sanwa Holdings's number of shares in issue last year was 217.519.
==> 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.
Sanwa Holdings's gross margin of this year was 0.33127139. Sanwa Holdings's gross margin of last year was 0.32950574.
==> 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
Sanwa Holdings's asset turnover of this year was 1.08561252. Sanwa Holdings's asset turnover of last year was 1.36135573.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sanwa Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sanwa Holdings (STU:XST) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sanwa Holdings and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Sanwa Holdings' Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Sanwa Holdings ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Sanwa Holdings' Piotroski F-Score too high?
Sanwa Holdings' 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 6.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Sanwa Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Sanwa Holdings ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Sanwa Holdings has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Sanwa Holdings' Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Sanwa Holdings ranks #447 out of 1735 companies for Piotroski F-Score. This puts Sanwa Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sanwa Holdings' value of 6 is 20% above this benchmark. Historically, Sanwa Holdings' own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sanwa Holdings 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Sanwa Holdings'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 Sanwa Holdings 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. Sanwa Holdings'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 Sanwa Holdings stock overvalued right now?
Sanwa Holdings (STU:XST) has a current Piotroski F-Score of 6. The stock's GF Value™ is €20.09, compared to a current price of €19.90 — trading 0.9% below 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 Construction industry median of 5.00. Sanwa Holdings' overall GF Score™ is 86/100 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 Sanwa Holdings (STU:XST), the current Piotroski F-Score is 6 as of Jun. 26, 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 Sanwa Holdings (STU:XST) Overvalued in 2026?
Based on GuruFocus' analysis, Sanwa Holdings stock appears to be undervalued.
The current stock price of €19.90 is trading 0.9% below its estimated GF Value™ of €20.09.
Key valuation signals for STU:XST:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €20.09 vs. price of €19.90 (0.9% below fair value)
Industry Position: 20% above the Construction median (#447 of 1735)
No single metric tells the full story. See the STU:XST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanwa Holdings Corp is a Japan-based company engaged in producing and selling construction materials for buildings and commercial facilities. The company also provides maintenance and renovation services. Its products include condominium doors, window shutters, exterior products, garage doors, operators, and hinge doors for residential buildings; and heavy-duty shutters, steel doors, partitions, stainless steel products, overhead doors, automatic doors, truck/trailer doors, and industrial doors for non-residential buildings. The company operates in Japan, North America, and Europe.
86GF Score
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