Yahagi Construction Co (TSE:1870) Piotroski F-Score: 8 (As of Jul. 20, 2026) — 33% Above Median

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TSE:1870 Yahagi Construction Co Ltd TSE:1870
84 GF Score
Price 円1,874.00
GF Value 円2,016.04
Valuation Fairly Valued
View Full Analysis

What is Yahagi Construction Co Piotroski F-Score?

Yahagi Construction Co TSE:1870 -0.11% 84 Piotroski F-Score is 8 as of Jul. 20, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:1870 with a GF Score™ of 84/100 and a GF Value™ of 円2,016.04 (Fairly Valued). Among 1,729 Construction companies, Yahagi Construction Co ranks better than 98.26% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Yahagi Construction Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Yahagi Construction Co's Piotroski F-Score or its related term are showing as below:

TSE:1870' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Yahagi Construction Co was 8. The lowest was 2. And the median was 6.

Yahagi Construction Co  (TSE:1870) 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.


Yahagi Construction Co Piotroski F-Score Related Terms


Yahagi Construction Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yahagi 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.

Yahagi Construction Co Piotroski F-Score Chart

Yahagi 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 8.00 6.00 6.00 2.00 8.00

Yahagi Construction Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 2.00 0.00 0.00 0.00 8.00

TSE:1870 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Yahagi 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.


Yahagi Construction Co Piotroski F-Score vs Construction Industry

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

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


TSE:1870
84GF Score
Yahagi Construction Co Ltd TSE:1870
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8,468 Mil.
Cash Flow from Operations was 円9,849 Mil.
Revenue was 円169,399 Mil.
Gross Profit was 円25,980 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (144220 + 147662) / 2 = 円145941 Mil.
Total Assets at the begining of this year (Mar25) was 円144,220 Mil.
Long-Term Debt & Capital Lease Obligation was 円7,300 Mil.
Total Current Assets was 円114,051 Mil.
Total Current Liabilities was 円58,154 Mil.
Net Income was 円5,643 Mil.

Revenue was 円140,698 Mil.
Gross Profit was 円19,416 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (126000 + 144220) / 2 = 円135110 Mil.
Total Assets at the begining of last year (Mar24) was 円126,000 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,000 Mil.
Total Current Assets was 円108,192 Mil.
Total Current Liabilities was 円55,473 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.

Yahagi Construction Co's current Net Income (TTM) was 8,468. ==> 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.

Yahagi Construction Co's current Cash Flow from Operations (TTM) was 9,849. ==> 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)
=8468/144220
=0.05871585

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5643/126000
=0.04478571

Yahagi Construction Co's return on assets of this year was 0.05871585. Yahagi Construction Co's return on assets of last year was 0.04478571. ==> 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.

Yahagi Construction Co's current Net Income (TTM) was 8,468. Yahagi Construction Co's current Cash Flow from Operations (TTM) was 9,849. ==> 9,849 > 8,468 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=7300/145941
=0.05002021

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=12000/135110
=0.08881652

Yahagi Construction Co's gearing of this year was 0.05002021. Yahagi Construction Co's gearing of last year was 0.08881652. ==> 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
=114051/58154
=1.96118926

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=108192/55473
=1.95035423

Yahagi Construction Co's current ratio of this year was 1.96118926. Yahagi Construction Co's current ratio of last year was 1.95035423. ==> 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.

Yahagi Construction Co's number of shares in issue this year was 43.047. Yahagi Construction Co's number of shares in issue last year was 43.026. ==> 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
=25980/169399
=0.15336572

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19416/140698
=0.1379977

Yahagi Construction Co's gross margin of this year was 0.15336572. Yahagi Construction Co's gross margin of last year was 0.1379977. ==> 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)
=169399/144220
=1.17458744

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=140698/126000
=1.11665079

Yahagi Construction Co's asset turnover of this year was 1.17458744. Yahagi Construction Co's asset turnover of last year was 1.11665079. ==> 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+1+1+1+0+1+1
=8

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

Yahagi Construction Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Yahagi Construction Co (TSE:1870) has a Piotroski F-Score of 8 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yahagi Construction Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Yahagi Construction Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Yahagi Construction Co ranks #30 out of 1729 companies in the Construction industry, placing it in the top 1.7%.
Is Yahagi Construction Co's Piotroski F-Score too high?
Yahagi Construction Co's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Yahagi Construction Co's value of 8 is 60% above this industry median. Based on the distribution chart, Yahagi Construction Co ranks #30 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Yahagi Construction Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yahagi Construction Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Yahagi Construction Co ranks #30 out of 1729 companies for Piotroski F-Score. This places Yahagi Construction Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Yahagi Construction Co's value of 8 is 60% above this benchmark. Historically, Yahagi Construction Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Yahagi 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 1,729 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. Yahagi Construction Co's current Piotroski F-Score of 8 is 60% 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 Yahagi 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. Yahagi Construction Co's current Piotroski F-Score is 8, which is 33% above 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 Yahagi Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Yahagi Construction Co (TSE:1870) is currently considered Fairly Valued. The stock's GF Value™ is 円2,016.04, compared to a current price of 円1,874.00 — trading 7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Construction industry median of 5.00. Yahagi Construction Co's overall GF Score™ is 84/100. 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 Yahagi Construction Co (TSE:1870), the current Piotroski F-Score is 8 as of Jul. 20, 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 Yahagi Construction Co (TSE:1870) Overvalued in 2026?

Based on GuruFocus' analysis, Yahagi Construction Co stock appears to be undervalued. The current stock price of 円1,874.00 is trading 7% below its estimated GF Value™ of 円2,016.04. GuruFocus considers Yahagi Construction Co to be Fairly Valued.

Key valuation signals for TSE:1870:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: 円2,016.04 vs. price of 円1,874.00 (7% below fair value)
  • GF Score™: 84/100
  • Industry Position: 60% above the Construction median (#30 of 1729)

No single metric tells the full story. See the TSE:1870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yahagi Construction Co Business Description

Address 19-7 Aoi 3-chome, Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004
Yahagi Construction Co Ltd, along with its subsidiaries, is engaged in the construction business, including architectural and civil engineering works, and the real estate business. The group's reportable segments are Construction, Civil Engineering, and Real Estate. Maximum revenue is generated from its Construction segment, which designs and constructs condominiums, offices, commercial facilities, stations, factories, etc. In addition, this segment also sells construction materials and provides a series of earthquake reinforcement services, including earthquake resistance diagnosis, consulting, investigation, design, and construction using the group's external earthquake reinforcement method.
84GF Score

Get the complete analysis for TSE:1870

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

円1,874.00
Price
円2,016.04
GF Value