Elitz Holdings Co (TSE:5533) Piotroski F-Score: 7 (As of Jul. 11, 2026) — 17% Above Median


TSE:5533 Elitz Holdings Co Ltd TSE:5533
64 GF Score
Price 円2,049.00
GF Value 円2,063.14
Valuation Fairly Valued
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What is Elitz Holdings Co Piotroski F-Score?

Elitz Holdings Co TSE:5533 +1.09% 64 Piotroski F-Score is 7 as of Jul. 11, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:5533 with a GF Score™ of 64/100 and a GF Value™ of 円2,063.14 (Fairly Valued). Among 1,754 Real Estate companies, Elitz Holdings Co ranks better than 93.04% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Elitz Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Elitz Holdings Co's Piotroski F-Score or its related term are showing as below:

TSE:5533' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 6   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of Elitz Holdings Co was 7. The lowest was 6. And the median was 6.

Elitz Holdings Co  (TSE:5533) 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.


Elitz Holdings Co Piotroski F-Score Related Terms


Elitz Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Elitz Holdings 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.

Elitz Holdings Co Piotroski F-Score Chart

Elitz Holdings Co Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 6.00 6.00 7.00

Elitz Holdings Co Semi-Annual Data
Sep21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 0.00 6.00 0.00 7.00 0.00

TSE:5533 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Elitz Holdings 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.


Elitz Holdings Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Elitz Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:5533
64GF Score
Elitz Holdings Co Ltd TSE:5533
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円699 Mil.
Cash Flow from Operations was 円869 Mil.
Revenue was 円6,386 Mil.
Gross Profit was 円4,871 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (9079.805 + 9551.518) / 2 = 円9315.6615 Mil.
Total Assets at the begining of this year (Sep24) was 円9,080 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,659 Mil.
Total Current Assets was 円5,724 Mil.
Total Current Liabilities was 円2,028 Mil.
Net Income was 円642 Mil.

Revenue was 円5,836 Mil.
Gross Profit was 円4,515 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (8459.511 + 9079.805) / 2 = 円8769.658 Mil.
Total Assets at the begining of last year (Sep23) was 円8,460 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,807 Mil.
Total Current Assets was 円5,355 Mil.
Total Current Liabilities was 円2,337 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.

Elitz Holdings Co's current Net Income (TTM) was 699. ==> 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.

Elitz Holdings Co's current Cash Flow from Operations (TTM) was 869. ==> 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 (Sep24)
=699.29/9079.805
=0.07701597

ROA (Last Year)=Net Income/Total Assets (Sep23)
=641.563/8459.511
=0.07583925

Elitz Holdings Co's return on assets of this year was 0.07701597. Elitz Holdings Co's return on assets of last year was 0.07583925. ==> 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.

Elitz Holdings Co's current Net Income (TTM) was 699. Elitz Holdings Co's current Cash Flow from Operations (TTM) was 869. ==> 869 > 699 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=1658.962/9315.6615
=0.17808311

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1806.585/8769.658
=0.20600404

Elitz Holdings Co's gearing of this year was 0.17808311. Elitz Holdings Co's gearing of last year was 0.20600404. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=5723.715/2027.95
=2.82241426

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=5354.732/2336.93
=2.29135319

Elitz Holdings Co's current ratio of this year was 2.82241426. Elitz Holdings Co's current ratio of last year was 2.29135319. ==> This year's current ratio is higher. ==> Score 1.

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.

Elitz Holdings Co's number of shares in issue this year was 3.504. Elitz Holdings Co's number of shares in issue last year was 3.459. ==> 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
=4871.354/6385.724
=0.7628507

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4515.439/5835.613
=0.77377287

Elitz Holdings Co's gross margin of this year was 0.7628507. Elitz Holdings Co's gross margin of last year was 0.77377287. ==> 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 (Sep24)
=6385.724/9079.805
=0.70328867

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=5835.613/8459.511
=0.68982864

Elitz Holdings Co's asset turnover of this year was 0.70328867. Elitz Holdings Co's asset turnover of last year was 0.68982864. ==> 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+1+1+1+1+1+0+0+1
=7

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

Elitz Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Elitz Holdings Co (TSE:5533) has a Piotroski F-Score of 7 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Elitz Holdings Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Elitz Holdings Co's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Elitz Holdings Co ranks #122 out of 1754 companies in the Real Estate industry, placing it in the top 7%.
Is Elitz Holdings Co's Piotroski F-Score too high?
Elitz Holdings Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Elitz Holdings Co's value of 7 is 40% above this industry median. Based on the distribution chart, Elitz Holdings Co ranks #122 out of 1754 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Elitz Holdings Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Elitz Holdings Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Elitz Holdings Co ranks #122 out of 1754 companies for Piotroski F-Score. This places Elitz Holdings Co in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Elitz Holdings Co's value of 7 is 40% above this benchmark. Historically, Elitz Holdings Co's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Elitz Holdings Co has consistently been above 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 1,754 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. Elitz Holdings Co's current Piotroski F-Score of 7 is 40% above 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 Elitz Holdings 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. Elitz Holdings Co's current Piotroski F-Score is 7, which is 17% above 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 Elitz Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Elitz Holdings Co (TSE:5533) is currently considered Fairly Valued. The stock's GF Value™ is 円2,063.14, compared to a current price of 円2,049.00 — trading 0.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Real Estate industry median of 5.00. Elitz Holdings Co's overall GF Score™ is 64/100. 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 Elitz Holdings Co (TSE:5533), the current Piotroski F-Score is 7 as of Jul. 11, 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 Elitz Holdings Co (TSE:5533) Overvalued in 2026?

Based on GuruFocus' analysis, Elitz Holdings Co stock appears to be undervalued. The current stock price of 円2,049.00 is trading 0.7% below its estimated GF Value™ of 円2,063.14. GuruFocus considers Elitz Holdings Co to be Fairly Valued.

Key valuation signals for TSE:5533:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円2,063.14 vs. price of 円2,049.00 (0.7% below fair value)
  • GF Score™: 64/100
  • Industry Position: 40% above the Real Estate median (#122 of 1754)

No single metric tells the full story. See the TSE:5533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elitz Holdings Co Business Description

Address 55-1 Sambo Horikawacho, Aneyakoji-agaru Horikawa-dori, Elitz Oike building, Nakagyo ward, Kyoto, JPN, 604-8266
Elitz Holdings Co Ltd is engaged in Real estate leasing operations, Real estate fund administration, Real estate planning and consulting, Recruitment agency, Management of group companies engaged in real estate brokerage and administration business, system development and sales business, and incidental operation.
64GF Score

Get the complete analysis for TSE:5533

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

円2,049.00
Price
円2,063.14
GF Value