Kobe Bussan Co (TSE:3038) Piotroski F-Score: 7 (As of Jul. 16, 2026) — 40% Above Median

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TSE:3038 Kobe Bussan Co Ltd TSE:3038
89 GF Score
Price 円2,674.50
GF Value 円4,408.71
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Kobe Bussan Co Piotroski F-Score?

Kobe Bussan Co TSE:3038 -1.96% 89 Piotroski F-Score is 7 as of Jul. 16, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSE:3038 with a GF Score™ of 89/100 and a GF Value™ of 円4,408.71 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 299 Retail - Defensive companies, Kobe Bussan Co ranks better than 87.96% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Kobe Bussan Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:3038' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kobe Bussan Co was 7. The lowest was 3. And the median was 5.

Kobe Bussan Co  (TSE:3038) 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.


Kobe Bussan Co Piotroski F-Score Related Terms


Kobe Bussan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kobe Bussan 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.

Kobe Bussan Co Piotroski F-Score Chart

Kobe Bussan Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 4.00 5.00 7.00

Kobe Bussan Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 7.00 0.00 0.00

TSE:3038 vs KR: Piotroski F-Score Comparison

For the Grocery Stores subindustry, Kobe Bussan 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.


Kobe Bussan Co Piotroski F-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kobe Bussan Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3038
89GF Score
Kobe Bussan Co Ltd TSE:3038
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was 円31,878 Mil.
Cash Flow from Operations was 円42,113 Mil.
Revenue was 円551,701 Mil.
Gross Profit was 円66,466 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (233392 + 260193) / 2 = 円246792.5 Mil.
Total Assets at the begining of this year (Oct24) was 円233,392 Mil.
Long-Term Debt & Capital Lease Obligation was 円27,019 Mil.
Total Current Assets was 円184,906 Mil.
Total Current Liabilities was 円59,370 Mil.
Net Income was 円21,443 Mil.

Revenue was 円507,883 Mil.
Gross Profit was 円58,413 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (211891 + 233392) / 2 = 円222641.5 Mil.
Total Assets at the begining of last year (Oct23) was 円211,891 Mil.
Long-Term Debt & Capital Lease Obligation was 円30,135 Mil.
Total Current Assets was 円161,089 Mil.
Total Current Liabilities was 円56,929 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.

Kobe Bussan Co's current Net Income (TTM) was 31,878. ==> 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.

Kobe Bussan Co's current Cash Flow from Operations (TTM) was 42,113. ==> 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 (Oct24)
=31878/233392
=0.13658566

ROA (Last Year)=Net Income/Total Assets (Oct23)
=21443/211891
=0.10119826

Kobe Bussan Co's return on assets of this year was 0.13658566. Kobe Bussan Co's return on assets of last year was 0.10119826. ==> 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.

Kobe Bussan Co's current Net Income (TTM) was 31,878. Kobe Bussan Co's current Cash Flow from Operations (TTM) was 42,113. ==> 42,113 > 31,878 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=27019/246792.5
=0.10948064

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=30135/222641.5
=0.13535212

Kobe Bussan Co's gearing of this year was 0.10948064. Kobe Bussan Co's gearing of last year was 0.13535212. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=184906/59370
=3.11446859

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=161089/56929
=2.82964746

Kobe Bussan Co's current ratio of this year was 3.11446859. Kobe Bussan Co's current ratio of last year was 2.82964746. ==> 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.

Kobe Bussan Co's number of shares in issue this year was 222.752. Kobe Bussan Co's number of shares in issue last year was 222.415. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=66466/551701
=0.12047468

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=58413/507883
=0.11501271

Kobe Bussan Co's gross margin of this year was 0.12047468. Kobe Bussan Co's gross margin of last year was 0.11501271. ==> 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 (Oct24)
=551701/233392
=2.36383852

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=507883/211891
=2.3969069

Kobe Bussan Co's asset turnover of this year was 2.36383852. Kobe Bussan Co's asset turnover of last year was 2.3969069. ==> 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+1+1+1+0+1+0
=7

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

Kobe Bussan Co has an F-score of 7. 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 7 mean?
Kobe Bussan Co (TSE:3038) has a Piotroski F-Score of 7 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kobe Bussan Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Kobe Bussan Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Kobe Bussan Co ranks #36 out of 299 companies in the Retail - Defensive industry, placing it in the top 12%.
Is Kobe Bussan Co's Piotroski F-Score too high?
Kobe Bussan Co's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Kobe Bussan Co's value of 7 is 16.7% above this industry median. Based on the distribution chart, Kobe Bussan Co ranks #36 out of 299 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Kobe Bussan Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kobe Bussan Co's Piotroski F-Score compare to KR?
According to the Retail - Defensive industry distribution chart, Kobe Bussan Co ranks #36 out of 299 companies for Piotroski F-Score. This places Kobe Bussan Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Kobe Bussan Co's value of 7 is 16.7% above this benchmark. Historically, Kobe Bussan Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Kobe Bussan 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 299 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. Kobe Bussan Co's current Piotroski F-Score of 7 is 16.7% 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 Kobe Bussan Co and its competitors. For the Retail - Defensive industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobe Bussan Co's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobe Bussan Co stock overvalued right now?
Based on GuruFocus' analysis, Kobe Bussan Co (TSE:3038) is currently considered Significantly Undervalued. The stock's GF Value™ is 円4,408.71, compared to a current price of 円2,674.50 — trading 39.3% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Retail - Defensive industry median of 6.00. Kobe Bussan Co's overall GF Score™ is 89/100 with 1 warning sign 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 Kobe Bussan Co (TSE:3038), the current Piotroski F-Score is 7 as of Jul. 16, 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 Kobe Bussan Co (TSE:3038) Overvalued in 2026?

Based on GuruFocus' analysis, Kobe Bussan Co stock appears to be undervalued. The current stock price of 円2,674.50 is trading 39.3% below its estimated GF Value™ of 円4,408.71. GuruFocus considers Kobe Bussan Co to be Significantly Undervalued.

Key valuation signals for TSE:3038:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円4,408.71 vs. price of 円2,674.50 (39.3% below fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 16.7% above the Retail - Defensive median (#36 of 299)

No single metric tells the full story. See the TSE:3038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kobe Bussan Co Business Description

Address 125-1 Hirano, Hyogo Prefecture, Kakogawa, JPN, 675-0063
Kobe Bussan Co Ltd is a Japan-based company that operates through four business divisions: Business Supermarket, Restaurant and Ready-Meal, Eco-Renewable Energy, and Others. The Business Supermarket segment runs Gyomu Super stores offering affordable domestic and imported food products. The Restaurant and Ready-Meal segment operates buffet and delicatessen chains such as Kobe Cook World Buffet, Premium Karubi, and Chisouna. The Eco-Renewable Energy segment generates electricity from nineteen solar and one woody biomass power plant. The Others segment includes tourism and related businesses. It generates the majority of its revenue from the Business Supermarket segment.
89GF Score

Get the complete analysis for TSE:3038

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

円2,674.50
Price
円4,408.71
GF Value