KNC Laboratories Co (TSE:6568) Piotroski F-Score: 4 (As of Jul. 17, 2026) — 20% Below Median

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TSE:6568 KNC Laboratories Co Ltd TSE:6568
81 GF Score
Price 円1,296.00
GF Value 円1,294.38
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is KNC Laboratories Co Piotroski F-Score?

KNC Laboratories Co TSE:6568 -1.82% 81 Piotroski F-Score is 4 as of Jul. 17, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:6568 with a GF Score™ of 81/100 and a GF Value™ of 円1,294.38 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,562 Chemicals companies, KNC Laboratories Co ranks worse than 65.3% 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

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

TSE:6568' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 4

During the past 11 years, the highest Piotroski F-Score of KNC Laboratories Co was 8. The lowest was 4. And the median was 5.

KNC Laboratories Co  (TSE:6568) 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.


KNC Laboratories Co Piotroski F-Score Related Terms


KNC Laboratories Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for KNC Laboratories 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.

KNC Laboratories Co Piotroski F-Score Chart

KNC Laboratories 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 8.00 4.00 4.00 4.00

KNC Laboratories Co Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.00 0.00 4.00 0.00 4.00

TSE:6568 vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, KNC Laboratories 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.


KNC Laboratories Co Piotroski F-Score vs Chemicals Industry

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

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


TSE:6568
81GF Score
KNC Laboratories Co Ltd TSE:6568
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766 Mil.
Cash Flow from Operations was 円2,263 Mil.
Revenue was 円9,094 Mil.
Gross Profit was 円2,388 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (20152.445 + 21644.09) / 2 = 円20898.2675 Mil.
Total Assets at the begining of this year (Mar25) was 円20,152 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,494 Mil.
Total Current Assets was 円7,811 Mil.
Total Current Liabilities was 円2,726 Mil.
Net Income was 円737 Mil.

Revenue was 円8,179 Mil.
Gross Profit was 円2,321 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (18621.632 + 20152.445) / 2 = 円19387.0385 Mil.
Total Assets at the begining of last year (Mar24) was 円18,622 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,267 Mil.
Total Current Assets was 円7,475 Mil.
Total Current Liabilities was 円2,269 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.

KNC Laboratories Co's current Net Income (TTM) was 766. ==> 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.

KNC Laboratories Co's current Cash Flow from Operations (TTM) was 2,263. ==> 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)
=766.199/20152.445
=0.03802015

ROA (Last Year)=Net Income/Total Assets (Mar24)
=737.329/18621.632
=0.03959529

KNC Laboratories Co's return on assets of this year was 0.03802015. KNC Laboratories Co's return on assets of last year was 0.03959529. ==> Last year is higher ==> Score 0.

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.

KNC Laboratories Co's current Net Income (TTM) was 766. KNC Laboratories Co's current Cash Flow from Operations (TTM) was 2,263. ==> 2,263 > 766 ==> 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
=2493.888/20898.2675
=0.11933468

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2266.634/19387.0385
=0.11691492

KNC Laboratories Co's gearing of this year was 0.11933468. KNC Laboratories Co's gearing of last year was 0.11691492. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=7811.312/2726.354
=2.86511289

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7475.498/2268.579
=3.29523371

KNC Laboratories Co's current ratio of this year was 2.86511289. KNC Laboratories Co's current ratio of last year was 3.29523371. ==> 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.

KNC Laboratories Co's number of shares in issue this year was 7.738. KNC Laboratories Co's number of shares in issue last year was 7.727. ==> 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
=2388.263/9093.706
=0.26262813

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2320.697/8178.92
=0.28374125

KNC Laboratories Co's gross margin of this year was 0.26262813. KNC Laboratories Co's gross margin of last year was 0.28374125. ==> 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)
=9093.706/20152.445
=0.45124579

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=8178.92/18621.632
=0.43921607

KNC Laboratories Co's asset turnover of this year was 0.45124579. KNC Laboratories Co's asset turnover of last year was 0.43921607. ==> 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+0+1+0+0+0+0+1
=4

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

KNC Laboratories 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?
KNC Laboratories Co (TSE:6568) has a Piotroski F-Score of 4 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KNC Laboratories Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, KNC Laboratories Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, KNC Laboratories Co ranks #1020 out of 1562 companies in the Chemicals industry, placing it in the top 65.3%.
Is KNC Laboratories Co's Piotroski F-Score too high?
KNC Laboratories Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. KNC Laboratories Co's value of 4 is 20% below this industry median. Based on the distribution chart, KNC Laboratories Co ranks #1020 out of 1562 companies in the Chemicals industry, which is below the industry midpoint. Overall, KNC Laboratories Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KNC Laboratories Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, KNC Laboratories Co ranks #1020 out of 1562 companies for Piotroski F-Score. This places KNC Laboratories Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. KNC Laboratories Co's value of 4 is 20% below this benchmark. Historically, KNC Laboratories Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, KNC Laboratories 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. KNC Laboratories 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 KNC Laboratories 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. KNC Laboratories Co's current Piotroski F-Score is 4, which is 20% below 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 KNC Laboratories Co stock overvalued right now?
Based on GuruFocus' analysis, KNC Laboratories Co (TSE:6568) is currently considered Fairly Valued. The stock's GF Value™ is 円1,294.38, compared to a current price of 円1,296.00 — trading 0.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Chemicals industry median of 5.00. KNC Laboratories Co's overall GF Score™ is 81/100 with 9 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 KNC Laboratories Co (TSE:6568), the current Piotroski F-Score is 4 as of Jul. 17, 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 KNC Laboratories Co (TSE:6568) Overvalued in 2026?

Based on GuruFocus' analysis, KNC Laboratories Co stock appears to be overvalued. The current stock price of 円1,296.00 is trading 0.1% above its estimated GF Value™ of 円1,294.38. GuruFocus considers KNC Laboratories Co to be Fairly Valued.

Key valuation signals for TSE:6568:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円1,294.38 vs. price of 円1,296.00 (0.1% above fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 20% below the Chemicals median (#1020 of 1562)

No single metric tells the full story. See the TSE:6568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KNC Laboratories Co Business Description

Address 1-19 Minatojima Minamimachi, 7-chome, Chuo-ku, Kobe, JPN, 101-0035
KNC Laboratories Co Ltd is an organic chemical and biochemical manufacturing company.
81GF Score

Get the complete analysis for TSE:6568

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

円1,296.00
Price
円1,294.38
GF Value