Tokyu Construction Co (TSE:1720) Piotroski F-Score: 6 (As of Jun. 30, 2026) — 20% Above Median


TSE:1720 Tokyu Construction Co Ltd TSE:1720
78 GF Score
Price 円1,184.00
GF Value 円948.76
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Tokyu Construction Co Piotroski F-Score?

Tokyu Construction Co TSE:1720 +0.51% 78 Piotroski F-Score is 6 as of Jun. 30, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:1720 with a GF Score™ of 78/100 and a GF Value™ of 円948.76 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,730 Construction companies, Tokyu Construction Co ranks better than 74.1% 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

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

TSE:1720' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Tokyu Construction Co was 7. The lowest was 4. And the median was 5.

Tokyu Construction Co  (TSE:1720) 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.


Tokyu Construction Co Piotroski F-Score Related Terms


Tokyu Construction Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tokyu 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.

Tokyu Construction Co Piotroski F-Score Chart

Tokyu Construction Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 4.00 5.00 6.00

Tokyu Construction Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 0.00 0.00 0.00 6.00

TSE:1720 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Tokyu 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.


Tokyu Construction Co Piotroski F-Score vs Construction Industry

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

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


TSE:1720
78GF Score
Tokyu Construction Co Ltd TSE:1720
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円13,390 Mil.
Cash Flow from Operations was 円6,910 Mil.
Revenue was 円341,180 Mil.
Gross Profit was 円37,643 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (274315 + 310849) / 2 = 円292582 Mil.
Total Assets at the begining of this year (Mar25) was 円274,315 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,682 Mil.
Total Current Assets was 円253,716 Mil.
Total Current Liabilities was 円193,637 Mil.
Net Income was 円6,631 Mil.

Revenue was 円293,138 Mil.
Gross Profit was 円28,716 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (264525 + 274315) / 2 = 円269420 Mil.
Total Assets at the begining of last year (Mar24) was 円264,525 Mil.
Long-Term Debt & Capital Lease Obligation was 円21,453 Mil.
Total Current Assets was 円216,723 Mil.
Total Current Liabilities was 円147,299 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.

Tokyu Construction Co's current Net Income (TTM) was 13,390. ==> 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.

Tokyu Construction Co's current Cash Flow from Operations (TTM) was 6,910. ==> 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 (Mar25)
=13390/274315
=0.0488125

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6631/264525
=0.02506757

Tokyu Construction Co's return on assets of this year was 0.0488125. Tokyu Construction Co's return on assets of last year was 0.02506757. ==> 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.

Tokyu Construction Co's current Net Income (TTM) was 13,390. Tokyu Construction Co's current Cash Flow from Operations (TTM) was 6,910. ==> 6,910 <= 13,390 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1682/292582
=0.00574882

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=21453/269420
=0.07962661

Tokyu Construction Co's gearing of this year was 0.00574882. Tokyu Construction Co's gearing of last year was 0.07962661. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=253716/193637
=1.31026612

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=216723/147299
=1.47131345

Tokyu Construction Co's current ratio of this year was 1.31026612. Tokyu Construction Co's current ratio of last year was 1.47131345. ==> 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.

Tokyu Construction Co's number of shares in issue this year was 106.273. Tokyu Construction Co's number of shares in issue last year was 105.949. ==> 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
=37643/341180
=0.11033179

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=28716/293138
=0.09796069

Tokyu Construction Co's gross margin of this year was 0.11033179. Tokyu Construction Co's gross margin of last year was 0.09796069. ==> 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 (Mar25)
=341180/274315
=1.24375262

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=293138/264525
=1.10816747

Tokyu Construction Co's asset turnover of this year was 1.24375262. Tokyu Construction Co's asset turnover of last year was 1.10816747. ==> 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+0+1+0+0+1+1
=6

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

Tokyu Construction Co has an F-score of 6 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 6 mean?
Tokyu Construction Co (TSE:1720) has a Piotroski F-Score of 6 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tokyu Construction Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tokyu Construction Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Tokyu Construction Co ranks #448 out of 1730 companies in the Construction industry, placing it in the top 25.9%.
Is Tokyu Construction Co's Piotroski F-Score too high?
Tokyu Construction Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Tokyu Construction Co's value of 6 is 20% above this industry median. Based on the distribution chart, Tokyu Construction Co ranks #448 out of 1730 companies in the Construction industry, which is above the industry midpoint. Overall, Tokyu Construction Co has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyu Construction Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Tokyu Construction Co ranks #448 out of 1730 companies for Piotroski F-Score. This puts Tokyu Construction Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tokyu Construction Co's value of 6 is 20% above this benchmark. Historically, Tokyu Construction Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tokyu Construction Co 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 1,730 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. Tokyu Construction Co'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 Tokyu Construction 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. Tokyu Construction Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyu Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyu Construction Co (TSE:1720) is currently considered Modestly Overvalued. The stock's GF Value™ is 円948.76, compared to a current price of 円1,184.00 — trading 24.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Construction industry median of 5.00. Tokyu Construction Co's overall GF Score™ is 78/100 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 Tokyu Construction Co (TSE:1720), the current Piotroski F-Score is 6 as of Jun. 30, 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 Tokyu Construction Co (TSE:1720) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyu Construction Co stock appears to be overvalued. The current stock price of 円1,184.00 is trading 24.8% above its estimated GF Value™ of 円948.76. GuruFocus considers Tokyu Construction Co to be Modestly Overvalued.

Key valuation signals for TSE:1720:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円948.76 vs. price of 円1,184.00 (24.8% above fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 20% above the Construction median (#448 of 1730)

No single metric tells the full story. See the TSE:1720 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyu Construction Co Business Description

Other Exchanges TCW:Germany
Address 1-16-14, Shibuya, Shibuya-ku, Tokyo, JPN, 150-8340
Tokyu Construction Co Ltd is a Japan-based company that provides various construction-related services. The company's services include civil engineering and building construction, investigation, construction planning, geological surveying, consultancy services, measurement, designing, building maintenance and supervision, real estate leasing, and worker dispatching. Its construction activities encompass educational facilities, offices, hotels, commercial facilities, environmental improvement facilities, care facilities, hospitals, logistics facilities, factories, roads, sports facilities, airports, and so on.
78GF Score

Get the complete analysis for TSE:1720

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

円1,184.00
Price
円948.76
GF Value