Sanki Engineering Co (TSE:1961) Piotroski F-Score: 8 (As of Jul. 20, 2026) — 14% Above Median

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TSE:1961 Sanki Engineering Co Ltd TSE:1961
69 GF Score
Price 円2,470.00
GF Value 円362.30
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Sanki Engineering Co Piotroski F-Score?

Sanki Engineering Co TSE:1961 -4.82% 69 Piotroski F-Score is 8 as of Jul. 20, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:1961 with a GF Score™ of 69/100 and a GF Value™ of 円362.30 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,729 Construction companies, Sanki Engineering 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

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

TSE:1961' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Sanki Engineering Co was 8. The lowest was 3. And the median was 7.

Sanki Engineering Co  (TSE:1961) 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.


Sanki Engineering Co Piotroski F-Score Related Terms


Sanki Engineering Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanki Engineering 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.

Sanki Engineering Co Piotroski F-Score Chart

Sanki Engineering 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 3.00 6.00 7.00 8.00

Sanki Engineering 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 7.00 7.00 8.00 7.00 8.00

TSE:1961 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Sanki Engineering 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.


Sanki Engineering Co Piotroski F-Score vs Construction Industry

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

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


TSE:1961
69GF Score
Sanki Engineering Co Ltd TSE:1961
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 1806 + 3821 + 7422 + 10639 = 円23,688 Mil.
Cash Flow from Operations was -1297 + 5051 + 3167 + 6246 = 円13,167 Mil.
Revenue was 49747 + 52222 + 68628 + 84076 = 円254,673 Mil.
Gross Profit was 8863 + 10752 + 15037 + 21418 = 円56,070 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(200839 + 175407 + 186326 + 196395 + 219483) / 5 = 円195690 Mil.
Total Assets at the begining of this year (Mar25) was 円200,839 Mil.
Long-Term Debt & Capital Lease Obligation was 円591 Mil.
Total Current Assets was 円149,986 Mil.
Total Current Liabilities was 円85,030 Mil.
Net Income was 1345 + 3105 + 5714 + 7039 = 円17,203 Mil.

Revenue was 48526 + 57423 + 70541 + 76645 = 円253,135 Mil.
Gross Profit was 7178 + 10020 + 14460 + 15837 = 円47,495 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(202161 + 183310 + 179664 + 195790 + 200839) / 5 = 円192352.8 Mil.
Total Assets at the begining of last year (Mar24) was 円202,161 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,540 Mil.
Total Current Assets was 円138,834 Mil.
Total Current Liabilities was 円82,283 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.

Sanki Engineering Co's current Net Income (TTM) was 23,688. ==> 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.

Sanki Engineering Co's current Cash Flow from Operations (TTM) was 13,167. ==> 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)
=23688/200839
=0.11794522

ROA (Last Year)=Net Income/Total Assets (Mar24)
=17203/202161
=0.08509554

Sanki Engineering Co's return on assets of this year was 0.11794522. Sanki Engineering Co's return on assets of last year was 0.08509554. ==> 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.

Sanki Engineering Co's current Net Income (TTM) was 23,688. Sanki Engineering Co's current Cash Flow from Operations (TTM) was 13,167. ==> 13,167 <= 23,688 ==> 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
=591/195690
=0.00302008

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1540/192352.8
=0.00800612

Sanki Engineering Co's gearing of this year was 0.00302008. Sanki Engineering Co's gearing of last year was 0.00800612. ==> 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
=149986/85030
=1.76391862

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=138834/82283
=1.68727441

Sanki Engineering Co's current ratio of this year was 1.76391862. Sanki Engineering Co's current ratio of last year was 1.68727441. ==> 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.

Sanki Engineering Co's number of shares in issue this year was 462.939. Sanki Engineering Co's number of shares in issue last year was 474.483. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=56070/254673
=0.22016468

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=47495/253135
=0.18762716

Sanki Engineering Co's gross margin of this year was 0.22016468. Sanki Engineering Co's gross margin of last year was 0.18762716. ==> 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)
=254673/200839
=1.26804555

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=253135/202161
=1.25214557

Sanki Engineering Co's asset turnover of this year was 1.26804555. Sanki Engineering Co's asset turnover of last year was 1.25214557. ==> 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+1+1+1+1
=8

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

Sanki Engineering 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?
Sanki Engineering Co (TSE:1961) 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 Sanki Engineering Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Sanki Engineering Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sanki Engineering Co ranks #30 out of 1729 companies in the Construction industry, placing it in the top 1.7%.
Is Sanki Engineering Co's Piotroski F-Score too high?
Sanki Engineering Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Sanki Engineering Co's value of 8 is 60% above this industry median. Based on the distribution chart, Sanki Engineering Co ranks #30 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Sanki Engineering Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanki Engineering Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Sanki Engineering Co ranks #30 out of 1729 companies for Piotroski F-Score. This places Sanki Engineering Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sanki Engineering Co's value of 8 is 60% above this benchmark. Historically, Sanki Engineering Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sanki Engineering 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. Sanki Engineering 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 Sanki Engineering 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. Sanki Engineering Co's current Piotroski F-Score is 8, which is 14% above 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 Sanki Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Sanki Engineering Co (TSE:1961) is currently considered Significantly Overvalued. The stock's GF Value™ is 円362.30, compared to a current price of 円2,470.00 — trading 581.8% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Construction industry median of 5.00. Sanki Engineering Co's overall GF Score™ is 69/100 with 3 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 Sanki Engineering Co (TSE:1961), 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 Sanki Engineering Co (TSE:1961) Overvalued in 2026?

Based on GuruFocus' analysis, Sanki Engineering Co stock appears to be overvalued. The current stock price of 円2,470.00 is trading 581.8% above its estimated GF Value™ of 円362.30. GuruFocus considers Sanki Engineering Co to be Significantly Overvalued.

Key valuation signals for TSE:1961:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円362.30 vs. price of 円2,470.00 (581.8% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 60% above the Construction median (#30 of 1729)

No single metric tells the full story. See the TSE:1961 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanki Engineering Co Business Description

Address 2-1-1 Nihonbashi-Muromachi, Chuo-ku, Tokyo, JPN, 100-8331
Sanki Engineering Co Ltd is a Japan-based construction company that provides infrastructure services mainly in Japan. The company operates in various business divisions including Facilities Construction, which consists of heating, ventilation, and air conditioning, as well as plumbing, electrical systems, and smart building solution. Its Plants & Machinery Systems Business include Machinery Systems Business and Environmental Systems Business. Its Real Estate Business involves building and land lease of real estate assets.
69GF Score

Get the complete analysis for TSE:1961

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

円2,470.00
Price
円362.30
GF Value