Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
YondenkoTSE:1939 -2.28%71 Piotroski F-Score is 6 as of Jul. 20, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:1939 with a GF Score™ of 71/100 and a GF Value™ of 円1,316.04 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,729 Construction companies, Yondenko ranks better than 74.15% 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
Yondenko 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 Yondenko's Piotroski F-Score or its related term are showing as below:
TSE:1939'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Yondenko was 8. The lowest was 5. And the median was 6.
Yondenko (TSE:1939) 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.
Yondenko Piotroski F-Score Related Terms
Yondenko Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Yondenko'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.
TSE:1939 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Yondenko'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.
Yondenko Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Yondenko's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Yondenko'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.
Yondenko's current Net Income (TTM) was 7,500.
==> 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.
Yondenko's return on assets of this year was 0.07527853. Yondenko's return on assets of last year was 0.05012354.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Yondenko's gearing of this year was 0.04572951. Yondenko's gearing of last year was 0.05562156.
==> 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
Yondenko's current ratio of this year was 2.36678285. Yondenko's current ratio of last year was 2.11026689.
==> 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.
Yondenko's number of shares in issue this year was 47.318. Yondenko's number of shares in issue last year was 47.265.
==> 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.
Yondenko's gross margin of this year was 0.18691175. Yondenko's gross margin of last year was 0.173626.
==> 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
Yondenko's asset turnover of this year was 0.99817324. Yondenko's asset turnover of last year was 1.02589022.
==> 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
+
1
+
0
+
1
+
1
+
0
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Yondenko has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Yondenko (TSE:1939) has a Piotroski F-Score of 6 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yondenko and its competitors. This is near median its historical median of 6.00. Over the past decade, Yondenko's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Yondenko ranks #447 out of 1729 companies in the Construction industry, placing it in the top 25.9%.
Is Yondenko's Piotroski F-Score too high?
Yondenko's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. 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. Yondenko's value of 6 is 20% above this industry median. Based on the distribution chart, Yondenko ranks #447 out of 1729 companies in the Construction industry, which is above the industry midpoint. Overall, Yondenko has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yondenko's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Yondenko ranks #447 out of 1729 companies for Piotroski F-Score. This puts Yondenko in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Yondenko's value of 6 is 20% above this benchmark. Historically, Yondenko'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 6.00 vs. the industry median of 5.00, Yondenko 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. Yondenko'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 Yondenko 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. Yondenko's current Piotroski F-Score is 6, which is near 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 Yondenko stock overvalued right now?
Based on GuruFocus' analysis, Yondenko (TSE:1939) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,316.04, compared to a current price of 円1,932.00 — trading 46.8% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Yondenko's overall GF Score™ is 71/100 with 2 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 Yondenko (TSE:1939), the current Piotroski F-Score is 6 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 Yondenko (TSE:1939) Overvalued in 2026?
Based on GuruFocus' analysis, Yondenko stock appears to be overvalued.
The current stock price of 円1,932.00 is trading 46.8% above its estimated GF Value™ of 円1,316.04.
GuruFocus considers Yondenko to be Significantly Overvalued.
Key valuation signals for TSE:1939:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円1,316.04 vs. price of 円1,932.00 (46.8% above fair value)
Industry Position: 20% above the Construction median (#447 of 1729)
No single metric tells the full story. See the TSE:1939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yondenko Corp is engaged in the facilities construction business, leasing business, and solar power generation business. It operates in three segments The Facility Construction Business receives orders for power distribution construction, power transmission and civil engineering construction, electrical and instrumentation construction, air conditioning and piping construction, and information and communication construction; the Leasing Business leases construction machinery, vehicles, equipment; the Solar Power Generation Business sells electricity generated by solar power. Its business includes Installation of electrical equipment, Air-conditioning, water supply, and drainage systems, Information and communications installation, construction, System control installation and construction.
71GF Score
Get the complete analysis for TSE:1939
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:1939 has been successfully added to your 
