Kurabo Industries (TSE:3106) Piotroski F-Score: 8 (As of Jun. 29, 2026) — Near Median


TSE:3106 Kurabo Industries Ltd TSE:3106
65 GF Score
Price 円10,340.00
GF Value 円5,650.59
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Kurabo Industries Piotroski F-Score?

Kurabo Industries TSE:3106 +0.39% 65 Piotroski F-Score is 8 as of Jun. 29, 2026, which is at its 10-year median of 8.00. GuruFocus rates TSE:3106 with a GF Score™ of 65/100 and a GF Value™ of 円5,650.59 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 555 Conglomerates companies, Kurabo Industries ranks better than 98.2% 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

Kurabo Industries 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 Kurabo Industries's Piotroski F-Score or its related term are showing as below:

TSE:3106' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 8   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Kurabo Industries was 8. The lowest was 5. And the median was 8.

Kurabo Industries  (TSE:3106) 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.


Kurabo Industries Piotroski F-Score Related Terms


Kurabo Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kurabo Industries'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.

Kurabo Industries Piotroski F-Score Chart

Kurabo Industries 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 7.00 7.00 8.00 8.00

Kurabo Industries 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 8.00 0.00 0.00 0.00 8.00

TSE:3106 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Kurabo Industries'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.


Kurabo Industries Piotroski F-Score vs Conglomerates Industry

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

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


TSE:3106
65GF Score
Kurabo Industries Ltd TSE:3106
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12,876 Mil.
Cash Flow from Operations was 円14,586 Mil.
Revenue was 円143,758 Mil.
Gross Profit was 円30,876 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (190527 + 201842) / 2 = 円196184.5 Mil.
Total Assets at the begining of this year (Mar25) was 円190,527 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,392 Mil.
Total Current Assets was 円82,496 Mil.
Total Current Liabilities was 円36,357 Mil.
Net Income was 円9,014 Mil.

Revenue was 円150,660 Mil.
Gross Profit was 円31,658 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (192785 + 190527) / 2 = 円191656 Mil.
Total Assets at the begining of last year (Mar24) was 円192,785 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,801 Mil.
Total Current Assets was 円84,835 Mil.
Total Current Liabilities was 円39,502 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.

Kurabo Industries's current Net Income (TTM) was 12,876. ==> 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.

Kurabo Industries's current Cash Flow from Operations (TTM) was 14,586. ==> 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)
=12876/190527
=0.06758097

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9014/192785
=0.04675675

Kurabo Industries's return on assets of this year was 0.06758097. Kurabo Industries's return on assets of last year was 0.04675675. ==> 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.

Kurabo Industries's current Net Income (TTM) was 12,876. Kurabo Industries's current Cash Flow from Operations (TTM) was 14,586. ==> 14,586 > 12,876 ==> 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
=1392/196184.5
=0.00709536

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2801/191656
=0.01461473

Kurabo Industries's gearing of this year was 0.00709536. Kurabo Industries's gearing of last year was 0.01461473. ==> 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
=82496/36357
=2.2690541

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=84835/39502
=2.14761278

Kurabo Industries's current ratio of this year was 2.2690541. Kurabo Industries's current ratio of last year was 2.14761278. ==> 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.

Kurabo Industries's number of shares in issue this year was 16.468. Kurabo Industries's number of shares in issue last year was 17.463. ==> 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
=30876/143758
=0.21477761

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=31658/150660
=0.21012877

Kurabo Industries's gross margin of this year was 0.21477761. Kurabo Industries's gross margin of last year was 0.21012877. ==> 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)
=143758/190527
=0.75452823

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=150660/192785
=0.78149234

Kurabo Industries's asset turnover of this year was 0.75452823. Kurabo Industries's asset turnover of last year was 0.78149234. ==> 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+1+1+0
=8

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

Kurabo Industries 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?
Kurabo Industries (TSE:3106) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kurabo Industries and its competitors. This is near median its historical median of 8.00. Over the past decade, Kurabo Industries' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Kurabo Industries ranks #10 out of 555 companies in the Conglomerates industry, placing it in the top 1.8%.
Is Kurabo Industries' Piotroski F-Score too high?
Kurabo Industries' current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Kurabo Industries' value of 8 is 60% above this industry median. Based on the distribution chart, Kurabo Industries ranks #10 out of 555 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Kurabo Industries has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kurabo Industries' Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Kurabo Industries ranks #10 out of 555 companies for Piotroski F-Score. This places Kurabo Industries in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kurabo Industries' value of 8 is 60% above this benchmark. Historically, Kurabo Industries' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Kurabo Industries 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Kurabo Industries'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 Kurabo Industries and its competitors. For the Conglomerates 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. Kurabo Industries's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kurabo Industries stock overvalued right now?
Based on GuruFocus' analysis, Kurabo Industries (TSE:3106) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,650.59, compared to a current price of 円10,340.00 — trading 83% above its estimated fair value. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Conglomerates industry median of 5.00. Kurabo Industries' overall GF Score™ is 65/100 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 Kurabo Industries (TSE:3106), the current Piotroski F-Score is 8 as of Jun. 29, 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 Kurabo Industries (TSE:3106) Overvalued in 2026?

Based on GuruFocus' analysis, Kurabo Industries stock appears to be overvalued. The current stock price of 円10,340.00 is trading 83% above its estimated GF Value™ of 円5,650.59. GuruFocus considers Kurabo Industries to be Significantly Overvalued.

Key valuation signals for TSE:3106:

  • Piotroski F-Score: 8 (near median its 10-year median of 8.00)
  • GF Value™: 円5,650.59 vs. price of 円10,340.00 (83% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 60% above the Conglomerates median (#10 of 555)

No single metric tells the full story. See the TSE:3106 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kurabo Industries Business Description

Address 2-4-31 Kutaro-cho, Chuo-ku, Osaka, JPN, 541-8581
Kurabo Industries Ltd is involved in the business of Textile, Chemical products, Real estate utilization, Machine tools and Electronics and Other businesses. The company's primary activities include manufacture and sale of textile products, polyurethane foam and related products, machine tool and industrial machines, information systems and equipment and bio-medical products and also lease of real estate and design, manufacture and supply of plants, equipment and machines and industrial and household waste recycling. It generates maximum revenue from the Chemical Product Business segment.
65GF Score

Get the complete analysis for TSE:3106

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

円10,340.00
Price
円5,650.59
GF Value