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Taihei Dengyo KaishaTSE:1968 -0.16%77 Piotroski F-Score is 3 as of Jul. 15, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates TSE:1968 with a GF Score™ of 77/100 and a GF Value™ of 円1,744.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,730 Construction companies, Taihei Dengyo Kaisha ranks worse than 81.97% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Taihei Dengyo Kaisha has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Taihei Dengyo Kaisha's Piotroski F-Score or its related term are showing as below:
TSE:1968'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 3
During the past 13 years, the highest Piotroski F-Score of Taihei Dengyo Kaisha was 6. The lowest was 3. And the median was 4.
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.
Taihei Dengyo Kaisha Piotroski F-Score Related Terms
Taihei Dengyo Kaisha Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Taihei Dengyo Kaisha'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:1968 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Taihei Dengyo Kaisha'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.
Taihei Dengyo Kaisha Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Taihei Dengyo Kaisha's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Taihei Dengyo Kaisha'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.
Taihei Dengyo Kaisha's current Net Income (TTM) was 11,902.
==> 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.
Taihei Dengyo Kaisha's current Cash Flow from Operations (TTM) was -5,817.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Taihei Dengyo Kaisha's return on assets of this year was 0.07674946. Taihei Dengyo Kaisha's return on assets of last year was 0.06373552.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Taihei Dengyo Kaisha's gearing of this year was 0.08488051. Taihei Dengyo Kaisha's gearing of last year was 0.07731281.
==> Last year is lower than this year ==> Score 0.
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
Taihei Dengyo Kaisha's current ratio of this year was 4.50880275. Taihei Dengyo Kaisha's current ratio of last year was 4.62343025.
==> 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.
Taihei Dengyo Kaisha's number of shares in issue this year was 63.057. Taihei Dengyo Kaisha's number of shares in issue last year was 60.804.
==> 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.
Taihei Dengyo Kaisha's gross margin of this year was 0.18052055. Taihei Dengyo Kaisha's gross margin of last year was 0.18575635.
==> Last year's gross margin is higher ==> Score 0.
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
Taihei Dengyo Kaisha's asset turnover of this year was 0.91346823. Taihei Dengyo Kaisha's asset turnover of last year was 0.82124909.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Taihei Dengyo Kaisha has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Taihei Dengyo Kaisha (TSE:1968) has a Piotroski F-Score of 3 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taihei Dengyo Kaisha and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Taihei Dengyo Kaisha's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Taihei Dengyo Kaisha ranks #1418 out of 1730 companies in the Construction industry, placing it in the top 82%.
Is Taihei Dengyo Kaisha's Piotroski F-Score too high?
Taihei Dengyo Kaisha's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Construction industry median Piotroski F-Score is 5.00. Taihei Dengyo Kaisha's value of 3 is 40% below this industry median. Based on the distribution chart, Taihei Dengyo Kaisha ranks #1418 out of 1730 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Taihei Dengyo Kaisha has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taihei Dengyo Kaisha's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Taihei Dengyo Kaisha ranks #1418 out of 1730 companies for Piotroski F-Score. This places Taihei Dengyo Kaisha in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Taihei Dengyo Kaisha's value of 3 is 40% below this benchmark. Historically, Taihei Dengyo Kaisha's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Taihei Dengyo Kaisha has consistently been below 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. Taihei Dengyo Kaisha's current Piotroski F-Score of 3 is 40% below 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 Taihei Dengyo Kaisha 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. Taihei Dengyo Kaisha's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taihei Dengyo Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha (TSE:1968) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,744.21, compared to a current price of 円2,467.00 — trading 41.4% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Construction industry median of 5.00. Taihei Dengyo Kaisha's overall GF Score™ is 77/100 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 Taihei Dengyo Kaisha (TSE:1968), the current Piotroski F-Score is 3 as of Jul. 15, 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 Taihei Dengyo Kaisha (TSE:1968) Overvalued in 2026?
Based on GuruFocus' analysis, Taihei Dengyo Kaisha stock appears to be overvalued.
The current stock price of 円2,467.00 is trading 41.4% above its estimated GF Value™ of 円1,744.21.
GuruFocus considers Taihei Dengyo Kaisha to be Significantly Overvalued.
Key valuation signals for TSE:1968:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: 円1,744.21 vs. price of 円2,467.00 (41.4% above fair value)
Industry Position: 40% below the Construction median (#1418 of 1730)
No single metric tells the full story. See the TSE:1968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taihei Dengyo Kaisha Ltd is a Japan-based company mainly engaged in the construction business. It is involved in the construction and maintenance of thermal, nuclear, gas-turbine, and diesel engine power plants, steel mill, petrochemical, sugar refining, cement and other industrial plants as well as dioxin and sludge treatment. Additionally, the company also design, manufacture, install and maintain the various electrical system, sub-station, control system, optical fiber communication system, air conditioning and utility sanitary system. Further, it also creates, procures and fabricates machined products such as tanks, piping, electrical and control panels.
77GF Score
Get the complete analysis for TSE:1968
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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