MUGEN ESTATE CoTSE:3299 +1.29%76 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:3299 with a GF Score™ of 76/100 and a GF Value™ of 円2,030.18 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,756 Real Estate companies, MUGEN ESTATE Co ranks better than 61.1% 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
MUGEN ESTATE Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for MUGEN ESTATE Co's Piotroski F-Score or its related term are showing as below:
TSE:3299'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of MUGEN ESTATE Co was 7. The lowest was 3. And the median was 5.
MUGEN ESTATE Co (TSE:3299) 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.
MUGEN ESTATE Co Piotroski F-Score Related Terms
MUGEN ESTATE Co Piotroski F-Score Historical Data
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The historical data trend for MUGEN ESTATE 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.
MUGEN ESTATE Co Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, MUGEN ESTATE 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.
MUGEN ESTATE Co Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, MUGEN ESTATE Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MUGEN ESTATE Co'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.
MUGEN ESTATE Co's current Net Income (TTM) was 6,659.
==> 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.
MUGEN ESTATE Co's return on assets of this year was 0.07610025. MUGEN ESTATE Co's return on assets of last year was 0.07573231.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MUGEN ESTATE Co's gearing of this year was 0.40669204. MUGEN ESTATE Co's gearing of last year was 0.3792214.
==> 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
MUGEN ESTATE Co's current ratio of this year was 3.28328215. MUGEN ESTATE Co's current ratio of last year was 3.75515788.
==> 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.
MUGEN ESTATE Co's number of shares in issue this year was 23.494. MUGEN ESTATE Co's number of shares in issue last year was 23.593.
==> 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.
MUGEN ESTATE Co's gross margin of this year was 0.28314436. MUGEN ESTATE Co's gross margin of last year was 0.26635792.
==> 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
MUGEN ESTATE Co's asset turnover of this year was 0.7801104. MUGEN ESTATE Co's asset turnover of last year was 0.77383589.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MUGEN ESTATE Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
MUGEN ESTATE Co (TSE:3299) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MUGEN ESTATE Co and its competitors. This is near median its historical median of 5.00. Over the past decade, MUGEN ESTATE Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, MUGEN ESTATE Co ranks #683 out of 1756 companies in the Real Estate industry, placing it in the top 38.9%.
Is MUGEN ESTATE Co's Piotroski F-Score too high?
MUGEN ESTATE Co's current Piotroski F-Score of 5 is near 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 Real Estate industry median Piotroski F-Score is 5.00. MUGEN ESTATE Co's value of 5 is 0% at this industry median. Based on the distribution chart, MUGEN ESTATE Co ranks #683 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, MUGEN ESTATE Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MUGEN ESTATE Co's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, MUGEN ESTATE Co ranks #683 out of 1756 companies for Piotroski F-Score. This puts MUGEN ESTATE Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. MUGEN ESTATE Co's value of 5 is 0% at this benchmark. Historically, MUGEN ESTATE 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 5.00, MUGEN ESTATE Co 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 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. MUGEN ESTATE Co's current Piotroski F-Score of 5 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 MUGEN ESTATE 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. MUGEN ESTATE Co's current Piotroski F-Score is 5, which is near 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 MUGEN ESTATE Co stock overvalued right now?
Based on GuruFocus' analysis, MUGEN ESTATE Co (TSE:3299) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,030.18, compared to a current price of 円1,805.00 — trading 11.1% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Real Estate industry median of 5.00. MUGEN ESTATE Co's overall GF Score™ is 76/100 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 MUGEN ESTATE Co (TSE:3299), the current Piotroski F-Score is 5 as of Jun. 27, 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 MUGEN ESTATE Co (TSE:3299) Overvalued in 2026?
Based on GuruFocus' analysis, MUGEN ESTATE Co stock appears to be undervalued.
The current stock price of 円1,805.00 is trading 11.1% below its estimated GF Value™ of 円2,030.18.
GuruFocus considers MUGEN ESTATE Co to be Modestly Undervalued.
Key valuation signals for TSE:3299:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: 円2,030.18 vs. price of 円1,805.00 (11.1% below fair value)
Industry Position: 0% at the Real Estate median (#683 of 1756)
No single metric tells the full story. See the TSE:3299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MUGEN ESTATE Co Ltd is a Japanese real estate company. The company offers a diverse portfolio of versatile properties including residential-type owned condominiums, investment-type condominiums and office buildings. The company is involved in buying and selling of properties, leasing business, brokerage business, property management business, and interior and exterior refurbishment business.
76GF Score
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