Taikisha (TSE:1979) Piotroski F-Score: 9 (As of Jun. 27, 2026) — 29% Above Median


TSE:1979 Taikisha Ltd TSE:1979
81 GF Score
Price 円4,950.00
GF Value 円2,692.96
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Taikisha Piotroski F-Score?

Taikisha TSE:1979 +0.30% 81 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:1979 with a GF Score™ of 81/100 and a GF Value™ of 円2,692.96 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,735 Construction companies, Taikisha ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Taikisha has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:1979' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Taikisha was 9. The lowest was 2. And the median was 7.

Taikisha  (TSE:1979) 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.


Taikisha Piotroski F-Score Related Terms


Taikisha Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taikisha'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.

Taikisha Piotroski F-Score Chart

Taikisha 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 2.00 7.00 7.00 5.00 9.00

Taikisha 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 9.00

TSE:1979 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Taikisha'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.


Taikisha Piotroski F-Score vs Construction Industry

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

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


TSE:1979
81GF Score
Taikisha Ltd TSE:1979
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15,594 Mil.
Cash Flow from Operations was 円64,700 Mil.
Revenue was 円286,127 Mil.
Gross Profit was 円55,259 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (268448 + 286820) / 2 = 円277634 Mil.
Total Assets at the begining of this year (Mar25) was 円268,448 Mil.
Long-Term Debt & Capital Lease Obligation was 円35 Mil.
Total Current Assets was 円217,365 Mil.
Total Current Liabilities was 円102,139 Mil.
Net Income was 円11,026 Mil.

Revenue was 円276,212 Mil.
Gross Profit was 円45,005 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (266494 + 268448) / 2 = 円267471 Mil.
Total Assets at the begining of last year (Mar24) was 円266,494 Mil.
Long-Term Debt & Capital Lease Obligation was 円116 Mil.
Total Current Assets was 円210,935 Mil.
Total Current Liabilities was 円101,030 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.

Taikisha's current Net Income (TTM) was 15,594. ==> 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.

Taikisha's current Cash Flow from Operations (TTM) was 64,700. ==> 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)
=15594/268448
=0.05808946

ROA (Last Year)=Net Income/Total Assets (Mar24)
=11026/266494
=0.04137429

Taikisha's return on assets of this year was 0.05808946. Taikisha's return on assets of last year was 0.04137429. ==> 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.

Taikisha's current Net Income (TTM) was 15,594. Taikisha's current Cash Flow from Operations (TTM) was 64,700. ==> 64,700 > 15,594 ==> 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
=35/277634
=0.00012607

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=116/267471
=0.00043369

Taikisha's gearing of this year was 0.00012607. Taikisha's gearing of last year was 0.00043369. ==> 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
=217365/102139
=2.12812931

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=210935/101030
=2.08784519

Taikisha's current ratio of this year was 2.12812931. Taikisha's current ratio of last year was 2.08784519. ==> 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.

Taikisha's number of shares in issue this year was 63.615. Taikisha's number of shares in issue last year was 65.076. ==> 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
=55259/286127
=0.19312753

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=45005/276212
=0.16293644

Taikisha's gross margin of this year was 0.19312753. Taikisha's gross margin of last year was 0.16293644. ==> 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)
=286127/268448
=1.06585633

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=276212/266494
=1.03646611

Taikisha's asset turnover of this year was 1.06585633. Taikisha's asset turnover of last year was 1.03646611. ==> 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+1+1+1
=9

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

Taikisha has an F-score of 9. 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 9 mean?
Taikisha (TSE:1979) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taikisha and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Taikisha's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Taikisha ranks #1 out of 1735 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Taikisha's Piotroski F-Score too high?
Taikisha's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Taikisha's value of 9 is 80% above this industry median. Based on the distribution chart, Taikisha ranks #1 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Taikisha has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taikisha's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Taikisha ranks #1 out of 1735 companies for Piotroski F-Score. This places Taikisha in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Taikisha's value of 9 is 80% above this benchmark. Historically, Taikisha's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Taikisha 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 1,735 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. Taikisha's current Piotroski F-Score of 9 is 80% 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 Taikisha 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. Taikisha's current Piotroski F-Score is 9, which is 29% 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 Taikisha stock overvalued right now?
Based on GuruFocus' analysis, Taikisha (TSE:1979) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,692.96, compared to a current price of 円4,950.00 — trading 83.8% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Construction industry median of 5.00. Taikisha's overall GF Score™ is 81/100 with 5 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 Taikisha (TSE:1979), the current Piotroski F-Score is 9 as of Jun. 27, 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 Taikisha (TSE:1979) Overvalued in 2026?

Based on GuruFocus' analysis, Taikisha stock appears to be overvalued. The current stock price of 円4,950.00 is trading 83.8% above its estimated GF Value™ of 円2,692.96. GuruFocus considers Taikisha to be Significantly Overvalued.

Key valuation signals for TSE:1979:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円2,692.96 vs. price of 円4,950.00 (83.8% above fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 80% above the Construction median (#1 of 1735)

No single metric tells the full story. See the TSE:1979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taikisha Business Description

Other Exchanges 75L:Germany
Address 8-17-1, Nishi-Shinjuku Shinjuku-ku, Sumitomo Fudosan Shinjuku Grand Tower, Tokyo, JPN, 160-6129
Taikisha Ltd is a Japan-based company that primarily operates through two segments. The green technology system division primarily designs, manages, and constructs heating, ventilation, and air conditioning systems for office buildings, and also industrial HVAC systems for manufacturing facilities and laboratories. Besides HVAC systems, this segment manufactures and distributes related equipment. The paint finishing system segment primarily designs, manages and constructs automobile painting plants and distributes related equipment. The company has a global presence, with Japan, North America, and Southeast Asia being its top three markets.
81GF Score

Get the complete analysis for TSE:1979

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

円4,950.00
Price
円2,692.96
GF Value