Daikin IndustriesTSE:6367 +0.84%93 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:6367 with a GF Score™ of 93/100 and a GF Value™ of 円21,284.60 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,735 Construction companies, Daikin Industries ranks better than 74.24% 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
Daikin Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Daikin Industries's Piotroski F-Score or its related term are showing as below:
TSE:6367'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Daikin Industries was 7. The lowest was 4. And the median was 6.
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.
Daikin Industries Piotroski F-Score Related Terms
Daikin Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Daikin Industries'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.
TSE:6367 vs TT, JCI, CARR: Piotroski F-Score Comparison
For the Building Products & Equipment subindustry, Daikin Industries'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.
Daikin Industries Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Daikin Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Daikin Industries'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 81526 + 79407 + 34440 + 79856 = 円275,229 Mil. Cash Flow from Operations was 63778 + 179638 + 102250 + 120182 = 円465,848 Mil. Revenue was 1213821 + 1264977 + 1187531 + 1348707 = 円5,015,036 Mil. Gross Profit was 433247 + 449472 + 392534 + 457263 = 円1,732,516 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5133416 + 5143739 + 5367787 + 5670196 + 5809240) / 5 = 円5424875.6 Mil. Total Assets at the begining of this year (Mar25) was 円5,133,416 Mil. Long-Term Debt & Capital Lease Obligation was 円608,482 Mil. Total Current Assets was 円3,262,880 Mil. Total Current Liabilities was 円1,688,870 Mil.
Net Income was 63099 + 88558 + 35055 + 78045 = 円264,757 Mil.
Revenue was 1251029 + 1242035 + 1100160 + 1159111 = 円4,752,335 Mil. Gross Profit was 427394 + 433379 + 370771 + 395144 = 円1,626,688 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4880230 + 5251607 + 4930365 + 5306961 + 5133416) / 5 = 円5100515.8 Mil. Total Assets at the begining of last year (Mar24) was 円4,880,230 Mil. Long-Term Debt & Capital Lease Obligation was 円546,686 Mil. Total Current Assets was 円2,853,654 Mil. Total Current Liabilities was 円1,543,047 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.
Daikin Industries's current Net Income (TTM) was 275,229.
==> 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.
Daikin Industries's return on assets of this year was 0.05361518. Daikin Industries's return on assets of last year was 0.05425093.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Daikin Industries's gearing of this year was 0.11216515. Daikin Industries's gearing of last year was 0.10718249.
==> 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
Daikin Industries's current ratio of this year was 1.93199003. Daikin Industries's current ratio of last year was 1.84936298.
==> 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.
Daikin Industries's number of shares in issue this year was 293.065. Daikin Industries's number of shares in issue last year was 292.986.
==> 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.
Daikin Industries's gross margin of this year was 0.34546432. Daikin Industries's gross margin of last year was 0.34229237.
==> 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
Daikin Industries's asset turnover of this year was 0.97693933. Daikin Industries's asset turnover of last year was 0.97379324.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Daikin Industries has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Daikin Industries (TSE:6367) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Daikin Industries and its competitors. This is near median its historical median of 6.00. Over the past decade, Daikin Industries' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Daikin Industries ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Daikin Industries' Piotroski F-Score too high?
Daikin Industries' current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Daikin Industries' value of 6 is 20% above this industry median. Based on the distribution chart, Daikin Industries ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Daikin Industries has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daikin Industries' Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Daikin Industries ranks #447 out of 1735 companies for Piotroski F-Score. This puts Daikin Industries in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Daikin Industries' value of 6 is 20% above this benchmark. Historically, Daikin Industries' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Daikin Industries 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Daikin Industries's current Piotroski F-Score of 6 is 20% 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 Daikin Industries 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. Daikin Industries's current Piotroski F-Score is 6, which is near 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 Daikin Industries stock overvalued right now?
Based on GuruFocus' analysis, Daikin Industries (TSE:6367) is currently considered Modestly Overvalued. The stock's GF Value™ is 円21,284.60, compared to a current price of 円24,050.00 — trading 13% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Daikin Industries' overall GF Score™ is 93/100 with 8 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 Daikin Industries (TSE:6367), the current Piotroski F-Score is 6 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 Daikin Industries (TSE:6367) Overvalued in 2026?
Based on GuruFocus' analysis, Daikin Industries stock appears to be overvalued.
The current stock price of 円24,050.00 is trading 13% above its estimated GF Value™ of 円21,284.60.
GuruFocus considers Daikin Industries to be Modestly Overvalued.
Key valuation signals for TSE:6367:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円21,284.60 vs. price of 円24,050.00 (13% above fair value)
Industry Position: 20% above the Construction median (#447 of 1735)
No single metric tells the full story. See the TSE:6367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in Osaka, Japan, in 1924, Daikin Industries is one of the world's largest residential and commercial heating, ventilation, and air conditioning product and service companies. North America, Japan, China, and Europe are Daikin's four biggest regional markets, with North America accounting for over 30% of the company's revenue over the years. The air conditioning segment represents about 90% of Daikin's revenue and operating income, while chemicals and others account for the remaining 10%.
93GF Score
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