Kose R.E. Co (TSE:3246) Piotroski F-Score: 4 (As of Jun. 28, 2026) — Near Median


TSE:3246 Kose R.E. Co Ltd TSE:3246
49 GF Score
Price 円617.00
GF Value 円799.91
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Kose R.E. Co Piotroski F-Score?

Kose R.E. Co TSE:3246 +0.33% 49 Piotroski F-Score is 4 as of Jun. 28, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSE:3246 with a GF Score™ of 49/100 and a GF Value™ of 円799.91 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, Kose R.E. Co ranks worse than 61.96% 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

Kose R.E. 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 Kose R.E. Co's Piotroski F-Score or its related term are showing as below:

TSE:3246' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Kose R.E. Co was 9. The lowest was 2. And the median was 4.

Kose R.E. Co  (TSE:3246) 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.


Kose R.E. Co Piotroski F-Score Related Terms


Kose R.E. Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kose R.E. 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.

Kose R.E. Co Piotroski F-Score Chart

Kose R.E. Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 9.00 7.00 3.00 4.00

Kose R.E. Co Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 7.00 0.00 3.00 0.00 4.00

Kose R.E. Co Piotroski F-Score Competitor Comparison

For the Real Estate - Diversified subindustry, Kose R.E. 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.


Kose R.E. Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Kose R.E. Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kose R.E. Co's Piotroski F-Score falls into.


TSE:3246
49GF Score
Kose R.E. Co Ltd TSE:3246
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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was 円696 Mil.
Cash Flow from Operations was 円-1,265 Mil.
Revenue was 円10,046 Mil.
Gross Profit was 円2,319 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was (17021.767 + 19773.825) / 2 = 円18397.796 Mil.
Total Assets at the begining of this year (Jan25) was 円17,022 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,308 Mil.
Total Current Assets was 円17,284 Mil.
Total Current Liabilities was 円3,643 Mil.
Net Income was 円341 Mil.

Revenue was 円7,649 Mil.
Gross Profit was 円1,912 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was (14676.241 + 17021.767) / 2 = 円15849.004 Mil.
Total Assets at the begining of last year (Jan24) was 円14,676 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,109 Mil.
Total Current Assets was 円15,515 Mil.
Total Current Liabilities was 円2,490 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.

Kose R.E. Co's current Net Income (TTM) was 696. ==> 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.

Kose R.E. Co's current Cash Flow from Operations (TTM) was -1,265. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jan25)
=695.704/17021.767
=0.04087143

ROA (Last Year)=Net Income/Total Assets (Jan24)
=341.114/14676.241
=0.0232426

Kose R.E. Co's return on assets of this year was 0.04087143. Kose R.E. Co's return on assets of last year was 0.0232426. ==> 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.

Kose R.E. Co's current Net Income (TTM) was 696. Kose R.E. Co's current Cash Flow from Operations (TTM) was -1,265. ==> -1,265 <= 696 ==> CFROA <= ROA ==> Score 0.

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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=5308.102/18397.796
=0.28851836

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=4108.816/15849.004
=0.25924758

Kose R.E. Co's gearing of this year was 0.28851836. Kose R.E. Co's gearing of last year was 0.25924758. ==> Last year is lower than this year ==> Score 0.

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: Jan26)=Total Current Assets/Total Current Liabilities
=17283.909/3643.451
=4.74382913

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=15514.722/2490.329
=6.22998889

Kose R.E. Co's current ratio of this year was 4.74382913. Kose R.E. Co's current ratio of last year was 6.22998889. ==> 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.

Kose R.E. Co's number of shares in issue this year was 10.157. Kose R.E. Co's number of shares in issue last year was 10.157. ==> 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
=2319.245/10045.621
=0.23087124

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1911.759/7648.834
=0.24994123

Kose R.E. Co's gross margin of this year was 0.23087124. Kose R.E. Co's gross margin of last year was 0.24994123. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jan25)
=10045.621/17021.767
=0.59016323

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=7648.834/14676.241
=0.52117119

Kose R.E. Co's asset turnover of this year was 0.59016323. Kose R.E. Co's asset turnover of last year was 0.52117119. ==> 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+0+1+0+0+0+1+0+1
=4

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

Kose R.E. Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Kose R.E. Co (TSE:3246) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kose R.E. Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Kose R.E. Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Kose R.E. Co ranks #1088 out of 1756 companies in the Real Estate industry, placing it in the top 62%.
Is Kose R.E. Co's Piotroski F-Score too high?
Kose R.E. Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Real Estate industry median Piotroski F-Score is 5.00. Kose R.E. Co's value of 4 is 20% below this industry median. Based on the distribution chart, Kose R.E. Co ranks #1088 out of 1756 companies in the Real Estate industry, which is below the industry midpoint. Overall, Kose R.E. 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 Kose R.E. Co's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Kose R.E. Co ranks #1088 out of 1756 companies for Piotroski F-Score. This places Kose R.E. Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kose R.E. Co's value of 4 is 20% below this benchmark. Historically, Kose R.E. Co'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 4.00 vs. the industry median of 5.00, Kose R.E. 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 a Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Kose R.E. 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 Kose R.E. Co and its competitors. For the Real Estate 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. Kose R.E. Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kose R.E. Co stock overvalued right now?
Based on GuruFocus' analysis, Kose R.E. Co (TSE:3246) is currently considered Modestly Undervalued. The stock's GF Value™ is 円799.91, compared to a current price of 円617.00 — trading 22.9% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Real Estate industry median of 5.00. Kose R.E. Co's overall GF Score™ is 49/100 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 Kose R.E. Co (TSE:3246), the current Piotroski F-Score is 4 as of Jun. 28, 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 Kose R.E. Co (TSE:3246) Overvalued in 2026?

Based on GuruFocus' analysis, Kose R.E. Co stock appears to be undervalued. The current stock price of 円617.00 is trading 22.9% below its estimated GF Value™ of 円799.91. GuruFocus considers Kose R.E. Co to be Modestly Undervalued.

Key valuation signals for TSE:3246:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: 円799.91 vs. price of 円617.00 (22.9% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 20% below the Real Estate median (#1088 of 1756)

No single metric tells the full story. See the TSE:3246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kose R.E. Co Business Description

Other Exchanges 3246:Japan
Address Akasaka 1-chome 15th No. 30, Fukuoka Prefecture, Chuo-ku, Yubinbango, Fukuoka, JPN, 810-0042
Kose R.E. Co Ltd is a Japan-based company that engages in the planning, development, and sale of apartments. The company's reportable segments include the Family condominium sales business, the Asset management condominium sales business, the Real estate rental management business, and the Building maintenance business. The company generates the majority of its revenue from the Family condominium sales business.
49GF Score

Get the complete analysis for TSE:3246

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

円617.00
Price
円799.91
GF Value