Phil Co (TSE:3267) Piotroski F-Score: 4 (As of Jun. 28, 2026) — Near Median


TSE:3267 Phil Co Inc TSE:3267
71 GF Score
Price 円669.00
GF Value 円1,079.79
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Phil Co Piotroski F-Score?

Phil Co TSE:3267 +0.15% 71 Piotroski F-Score is 4 as of Jun. 28, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSE:3267 with a GF Score™ of 71/100 and a GF Value™ of 円1,079.79 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,729 Construction companies, Phil Co ranks worse than 65.36% 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

Phil 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 Phil Co's Piotroski F-Score or its related term are showing as below:

TSE:3267' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 4

During the past 11 years, the highest Piotroski F-Score of Phil Co was 8. The lowest was 3. And the median was 4.

Phil Co  (TSE:3267) 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.


Phil Co Piotroski F-Score Related Terms


Phil Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Phil 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.

Phil Co Piotroski F-Score Chart

Phil Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 3.00 4.00 7.00 4.00

Phil Co Semi-Annual Data
Nov15 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 4.00 0.00 7.00 0.00 4.00

TSE:3267 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Phil 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.


Phil Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Phil Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3267
71GF Score
Phil Co Inc TSE:3267
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was 円398 Mil.
Cash Flow from Operations was 円-441 Mil.
Revenue was 円8,234 Mil.
Gross Profit was 円2,224 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (7496.339 + 9940.134) / 2 = 円8718.2365 Mil.
Total Assets at the begining of this year (Nov24) was 円7,496 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,441 Mil.
Total Current Assets was 円8,728 Mil.
Total Current Liabilities was 円4,794 Mil.
Net Income was 円262 Mil.

Revenue was 円7,185 Mil.
Gross Profit was 円1,810 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (5450.775 + 7496.339) / 2 = 円6473.557 Mil.
Total Assets at the begining of last year (Nov23) was 円5,451 Mil.
Long-Term Debt & Capital Lease Obligation was 円931 Mil.
Total Current Assets was 円6,616 Mil.
Total Current Liabilities was 円3,268 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.

Phil Co's current Net Income (TTM) was 398. ==> 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.

Phil Co's current Cash Flow from Operations (TTM) was -441. ==> 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 (Nov24)
=398.077/7496.339
=0.05310285

ROA (Last Year)=Net Income/Total Assets (Nov23)
=261.865/5450.775
=0.04804179

Phil Co's return on assets of this year was 0.05310285. Phil Co's return on assets of last year was 0.04804179. ==> 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.

Phil Co's current Net Income (TTM) was 398. Phil Co's current Cash Flow from Operations (TTM) was -441. ==> -441 <= 398 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=1441.163/8718.2365
=0.16530442

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=931.016/6473.557
=0.14381831

Phil Co's gearing of this year was 0.16530442. Phil Co's gearing of last year was 0.14381831. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=8728.144/4794.001
=1.82063875

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=6616.406/3267.672
=2.02480726

Phil Co's current ratio of this year was 1.82063875. Phil Co's current ratio of last year was 2.02480726. ==> 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.

Phil Co's number of shares in issue this year was 5.37. Phil Co's number of shares in issue last year was 5.37. ==> 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
=2224.026/8233.505
=0.27011898

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1810.405/7184.957
=0.25197158

Phil Co's gross margin of this year was 0.27011898. Phil Co's gross margin of last year was 0.25197158. ==> 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 (Nov24)
=8233.505/7496.339
=1.0983368

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=7184.957/5450.775
=1.31815329

Phil Co's asset turnover of this year was 1.0983368. Phil Co's asset turnover of last year was 1.31815329. ==> 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+0+1+0+0+0+1+1+0
=4

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

Phil 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?
Phil Co (TSE:3267) 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 Phil Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Phil Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Phil Co ranks #1130 out of 1729 companies in the Construction industry, placing it in the top 65.4%.
Is Phil Co's Piotroski F-Score too high?
Phil 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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Phil Co's value of 4 is 20% below this industry median. Based on the distribution chart, Phil Co ranks #1130 out of 1729 companies in the Construction industry, which is below the industry midpoint. Overall, Phil Co has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Phil Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Phil Co ranks #1130 out of 1729 companies for Piotroski F-Score. This places Phil Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Phil Co's value of 4 is 20% below this benchmark. Historically, Phil Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Phil 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. Phil 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 Phil Co and its competitors. For the Construction 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. Phil 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 Phil Co stock overvalued right now?
Based on GuruFocus' analysis, Phil Co (TSE:3267) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,079.79, compared to a current price of 円669.00 — trading 38% 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 Construction industry median of 5.00. Phil Co's overall GF Score™ is 71/100 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 Phil Co (TSE:3267), 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 Phil Co (TSE:3267) Overvalued in 2026?

Based on GuruFocus' analysis, Phil Co stock appears to be undervalued. The current stock price of 円669.00 is trading 38% below its estimated GF Value™ of 円1,079.79. GuruFocus considers Phil Co to be Significantly Undervalued.

Key valuation signals for TSE:3267:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: 円1,079.79 vs. price of 円669.00 (38% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 20% below the Construction median (#1130 of 1729)

No single metric tells the full story. See the TSE:3267 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phil Co Business Description

Address 12-13 Fujimi 2-chome, Phil Park KaguLab, Chiyoda-ku, Tokyo, JPN, 102-0071
Phil Co Inc provides architectural design services for aerial shop Phil Park in Japan. It provides planning and project management services for the development of commercial establishments above a parking lot. The company serves customers in Japan.
71GF Score

Get the complete analysis for TSE:3267

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

円669.00
Price
円1,079.79
GF Value