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Kitahama Capital Partners CoTSE:2134 49 Piotroski F-Score is 4 as of Aug. 01, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates TSE:2134 with a GF Score™ of 49/100 and a GF Value™ of 円33.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,596 Asset Management companies, Kitahama Capital Partners Co ranks worse than 57.64% 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
Kitahama Capital Partners Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Kitahama Capital Partners Co's Piotroski F-Score or its related term are showing as below:
TSE:2134'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Kitahama Capital Partners Co was 7. The lowest was 2. And the median was 3.
Kitahama Capital Partners Co (TSE:2134) 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.
Kitahama Capital Partners Co Piotroski F-Score Related Terms
Kitahama Capital Partners Co Piotroski F-Score Historical Data
* 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.
Kitahama Capital Partners Co Piotroski F-Score Chart
TSE:2134 vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Kitahama Capital Partners 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.
Kitahama Capital Partners Co Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Kitahama Capital Partners Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kitahama Capital Partners Co'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.
Kitahama Capital Partners Co's current Net Income (TTM) was -1,268.
==> Negative ==> Score 0.
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.
Kitahama Capital Partners Co's current Cash Flow from Operations (TTM) was -1,293.
==> 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.
Kitahama Capital Partners Co's return on assets of this year was -0.47221839. Kitahama Capital Partners Co's return on assets of last year was -0.68675129.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kitahama Capital Partners Co's gearing of this year was 0.05985102. Kitahama Capital Partners Co's gearing of last year was 0.08500516.
==> 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
Kitahama Capital Partners Co's current ratio of this year was 2.78052841. Kitahama Capital Partners Co's current ratio of last year was 3.16157351.
==> 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.
Kitahama Capital Partners Co's number of shares in issue this year was 509.389. Kitahama Capital Partners Co's number of shares in issue last year was 279.578.
==> 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.
Kitahama Capital Partners Co's gross margin of this year was 0.35256272. Kitahama Capital Partners Co's gross margin of last year was 0.32842175.
==> 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
Kitahama Capital Partners Co's asset turnover of this year was 0.71110769. Kitahama Capital Partners Co's asset turnover of last year was 0.57689831.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kitahama Capital Partners Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Kitahama Capital Partners Co (TSE:2134) has a Piotroski F-Score of 4 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kitahama Capital Partners Co and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Kitahama Capital Partners Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Kitahama Capital Partners Co ranks #920 out of 1596 companies in the Asset Management industry, placing it in the top 57.6%.
Is Kitahama Capital Partners Co's Piotroski F-Score too high?
Kitahama Capital Partners Co's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Kitahama Capital Partners Co's value of 4 is 20% below this industry median. Based on the distribution chart, Kitahama Capital Partners Co ranks #920 out of 1596 companies in the Asset Management industry, which is below the industry midpoint. Overall, Kitahama Capital Partners Co has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kitahama Capital Partners Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Kitahama Capital Partners Co ranks #920 out of 1596 companies for Piotroski F-Score. This places Kitahama Capital Partners Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kitahama Capital Partners Co's value of 4 is 20% below this benchmark. Historically, Kitahama Capital Partners Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Kitahama Capital Partners Co 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,596 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. Kitahama Capital Partners Co's current Piotroski F-Score of 4 is 20% 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 Kitahama Capital Partners Co and its competitors. For the Asset Management 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. Kitahama Capital Partners Co's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitahama Capital Partners Co stock overvalued right now?
Based on GuruFocus' analysis, Kitahama Capital Partners Co (TSE:2134) is currently considered Modestly Undervalued. The stock's GF Value™ is 円33.57, compared to a current price of 円24.00 — trading 28.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Asset Management industry median of 5.00. Kitahama Capital Partners Co's overall GF Score™ is 49/100 with 6 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 Kitahama Capital Partners Co (TSE:2134), the current Piotroski F-Score is 4 as of Aug. 01, 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 Kitahama Capital Partners Co (TSE:2134) Overvalued in 2026?
Based on GuruFocus' analysis, Kitahama Capital Partners Co stock appears to be undervalued.
The current stock price of 円24.00 is trading 28.5% below its estimated GF Value™ of 円33.57.
GuruFocus considers Kitahama Capital Partners Co to be Modestly Undervalued.
Key valuation signals for TSE:2134:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: 円33.57 vs. price of 円24.00 (28.5% below fair value)
Industry Position: 20% below the Asset Management median (#920 of 1596)
No single metric tells the full story. See the TSE:2134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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