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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mori Hills Reit Investment has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Mori Hills Reit Investment's Piotroski F-Score or its related term are showing as below:
TSE:3234'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Mori Hills Reit Investment was 9. The lowest was 4. And the median was 6.
Mori Hills Reit Investment (TSE:3234) 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.
Mori Hills Reit Investment Piotroski F-Score Related Terms
Mori Hills Reit Investment 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.
Mori Hills Reit Investment Piotroski F-Score Chart
TSE:3234 vs VICI, WPC: Piotroski F-Score Comparison
For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.
Mori Hills Reit Investment Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mori Hills Reit Investment'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.
Mori Hills Reit Investment's current Net Income (TTM) was 12,257.
==> 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.
Mori Hills Reit Investment's current Cash Flow from Operations (TTM) was 16,795.
==> 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.
Mori Hills Reit Investment's return on assets of this year was 0.02966029. Mori Hills Reit Investment's return on assets of last year was 0.03044945.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mori Hills Reit Investment's gearing of this year was 0.39961615. Mori Hills Reit Investment's gearing of last year was 0.40714408.
==> 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
Mori Hills Reit Investment's current ratio of this year was 0.56436334. Mori Hills Reit Investment's current ratio of last year was 1.00472811.
==> 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.
Mori Hills Reit Investment's number of shares in issue this year was 1.886. Mori Hills Reit Investment's number of shares in issue last year was 1.916.
==> 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.
Mori Hills Reit Investment's gross margin of this year was 0.67553088. Mori Hills Reit Investment's gross margin of last year was 0.67857065.
==> 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
Mori Hills Reit Investment's asset turnover of this year was 0.05398985. Mori Hills Reit Investment's asset turnover of last year was 0.05387114.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mori Hills Reit Investment has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Mori Hills Reit Investment (TSE:3234) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mori Hills Reit Investment and its competitors. This is near median its historical median of 6.00. Over the past decade, Mori Hills Reit Investment's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Mori Hills Reit Investment ranks #233 out of 882 companies in the REITs industry, placing it in the top 26.4%.
Is Mori Hills Reit Investment's Piotroski F-Score too high?
Mori Hills Reit Investment's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The REITs industry median Piotroski F-Score is 6.00. Mori Hills Reit Investment's value of 6 is 0% at this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #233 out of 882 companies in the REITs industry, which is above the industry midpoint. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #233 out of 882 companies for Piotroski F-Score. This puts Mori Hills Reit Investment in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Mori Hills Reit Investment's value of 6 is 0% at this benchmark. Historically, Mori Hills Reit Investment's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Mori Hills Reit Investment has consistently been at 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 882 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. Mori Hills Reit Investment's current Piotroski F-Score of 6 is 0% at 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 Mori Hills Reit Investment and its competitors. For the REITs 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. Mori Hills Reit Investment's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the REITs industry median of 6.00. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Piotroski F-Score is 6 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?
Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued.
The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00.
GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.
Key valuation signals for TSE:3234:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
Industry Position: 0% at the REITs median (#233 of 882)
No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score
Get the complete analysis for TSE:3234
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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