SK Kaken Co (TSE:4628) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


TSE:4628 SK Kaken Co Ltd TSE:4628
77 GF Score
Price 円9,400.00
GF Value 円9,406.10
Valuation Fairly Valued
! 1 Warning Sign
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What is SK Kaken Co Piotroski F-Score?

SK Kaken Co TSE:4628 +0.43% 77 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:4628 with a GF Score™ of 77/100 and a GF Value™ of 円9,406.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,563 Chemicals companies, SK Kaken Co ranks better than 55.47% 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

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

TSE:4628' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of SK Kaken Co was 8. The lowest was 3. And the median was 6.

SK Kaken Co  (TSE:4628) 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.


SK Kaken Co Piotroski F-Score Related Terms


SK Kaken Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SK Kaken 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.

SK Kaken Co Piotroski F-Score Chart

SK Kaken Co 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 5.00 3.00 6.00 4.00 5.00

SK Kaken Co 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 4.00 0.00 0.00 0.00 5.00

TSE:4628 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, SK Kaken 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.


SK Kaken Co Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SK Kaken Co's Piotroski F-Score distribution charts can be found below:

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


TSE:4628
77GF Score
SK Kaken Co Ltd TSE:4628
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12,252 Mil.
Cash Flow from Operations was 円12,758 Mil.
Revenue was 円109,707 Mil.
Gross Profit was 円32,955 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (191106 + 205260) / 2 = 円198183 Mil.
Total Assets at the begining of this year (Mar25) was 円191,106 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円137,331 Mil.
Total Current Liabilities was 円25,827 Mil.
Net Income was 円10,729 Mil.

Revenue was 円106,142 Mil.
Gross Profit was 円32,268 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (183076 + 191106) / 2 = 円187091 Mil.
Total Assets at the begining of last year (Mar24) was 円183,076 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円140,500 Mil.
Total Current Liabilities was 円23,270 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.

SK Kaken Co's current Net Income (TTM) was 12,252. ==> 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.

SK Kaken Co's current Cash Flow from Operations (TTM) was 12,758. ==> 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)
=12252/191106
=0.06411102

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10729/183076
=0.05860408

SK Kaken Co's return on assets of this year was 0.06411102. SK Kaken Co's return on assets of last year was 0.05860408. ==> 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.

SK Kaken Co's current Net Income (TTM) was 12,252. SK Kaken Co's current Cash Flow from Operations (TTM) was 12,758. ==> 12,758 > 12,252 ==> 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
=0/198183
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/187091
=0

SK Kaken Co's gearing of this year was 0. SK Kaken Co's gearing of last year was 0. ==> 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
=137331/25827
=5.31734232

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=140500/23270
=6.03781693

SK Kaken Co's current ratio of this year was 5.31734232. SK Kaken Co's current ratio of last year was 6.03781693. ==> 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.

SK Kaken Co's number of shares in issue this year was 13.49. SK Kaken Co's number of shares in issue last year was 13.486. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=32955/109707
=0.30039104

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32268/106142
=0.30400784

SK Kaken Co's gross margin of this year was 0.30039104. SK Kaken Co's gross margin of last year was 0.30400784. ==> 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 (Mar25)
=109707/191106
=0.57406361

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=106142/183076
=0.57977015

SK Kaken Co's asset turnover of this year was 0.57406361. SK Kaken Co's asset turnover of last year was 0.57977015. ==> 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+0+0+0+0
=5

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

SK Kaken Co has an F-score of 5 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 5 mean?
SK Kaken Co (TSE:4628) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SK Kaken Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, SK Kaken Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, SK Kaken Co ranks #696 out of 1563 companies in the Chemicals industry, placing it in the top 44.5%.
Is SK Kaken Co's Piotroski F-Score too high?
SK Kaken Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. SK Kaken Co's value of 5 is 0% at this industry median. Based on the distribution chart, SK Kaken Co ranks #696 out of 1563 companies in the Chemicals industry, which is above the industry midpoint. Overall, SK Kaken Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SK Kaken Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, SK Kaken Co ranks #696 out of 1563 companies for Piotroski F-Score. This puts SK Kaken Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SK Kaken Co's value of 5 is 0% at this benchmark. Historically, SK Kaken 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 6.00 vs. the industry median of 5.00, SK Kaken 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. SK Kaken 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 SK Kaken Co and its competitors. For the Chemicals 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. SK Kaken Co's current Piotroski F-Score is 5, which is 17% below 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 SK Kaken Co stock overvalued right now?
Based on GuruFocus' analysis, SK Kaken Co (TSE:4628) is currently considered Fairly Valued. The stock's GF Value™ is 円9,406.10, compared to a current price of 円9,400.00 — trading 0.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Chemicals industry median of 5.00. SK Kaken Co's overall GF Score™ is 77/100 with 1 warning sign 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 SK Kaken Co (TSE:4628), the current Piotroski F-Score is 5 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 SK Kaken Co (TSE:4628) Overvalued in 2026?

Based on GuruFocus' analysis, SK Kaken Co stock appears to be undervalued. The current stock price of 円9,400.00 is trading 0.1% below its estimated GF Value™ of 円9,406.10. GuruFocus considers SK Kaken Co to be Fairly Valued.

Key valuation signals for TSE:4628:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円9,406.10 vs. price of 円9,400.00 (0.1% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 0% at the Chemicals median (#696 of 1563)

No single metric tells the full story. See the TSE:4628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SK Kaken Co Business Description

Address 3-5-25, Nakahozumi, Ibaraki, Osaka, JPN, 567 0034
SK Kaken Co Ltd is a building coating manufacturer based in Japan. Its main businesses are, Decorative Coatings business which is involved in the manufacturing and sales of organic/inorganic water-based painting material, synthetic resin coating, inorganic painting material, inorganic construction materials and special finisher things; Fireproof Insulated business is engaged in the manufacturing and sales of fireproof paints and contract of fireproof, insulated construction; and Other business engages in manufacturing and sales of various transformation goods and cleaning agents.
77GF Score

Get the complete analysis for TSE:4628

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

円9,400.00
Price
円9,406.10
GF Value