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Kikusui HoldingsTSE:6912 +0.86%84 Piotroski F-Score is 7 as of Jul. 15, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:6912 with a GF Score™ of 84/100 and a GF Value™ of 円1,639.46 (Modestly Overvalued). Among 2,970 Industrial Products companies, Kikusui Holdings ranks better than 90.64% 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
Kikusui Holdings 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 Kikusui Holdings's Piotroski F-Score or its related term are showing as below:
TSE:6912'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Kikusui Holdings was 8. 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.
Kikusui Holdings Piotroski F-Score Related Terms
Kikusui Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kikusui Holdings'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.
For the Electrical Equipment & Parts subindustry, Kikusui Holdings'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.
Kikusui Holdings Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kikusui Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kikusui Holdings'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.
Kikusui Holdings's current Net Income (TTM) was 1,609.
==> 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.
Kikusui Holdings's return on assets of this year was 0.09221848. Kikusui Holdings's return on assets of last year was 0.08938669.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kikusui Holdings's gearing of this year was 0.00046942. Kikusui Holdings's gearing of last year was 0.00059596.
==> 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
Kikusui Holdings's current ratio of this year was 5.08104946. Kikusui Holdings's current ratio of last year was 4.5771247.
==> 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.
Kikusui Holdings's number of shares in issue this year was 8.327. Kikusui Holdings's number of shares in issue last year was 8.309.
==> 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.
Kikusui Holdings's gross margin of this year was 0.50884761. Kikusui Holdings's gross margin of last year was 0.51827617.
==> 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
Kikusui Holdings's asset turnover of this year was 0.84170119. Kikusui Holdings's asset turnover of last year was 0.833655.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kikusui Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Kikusui Holdings (TSE:6912) has a Piotroski F-Score of 7 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kikusui Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Kikusui Holdings' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Kikusui Holdings ranks #278 out of 2970 companies in the Industrial Products industry, placing it in the top 9.4%.
Is Kikusui Holdings' Piotroski F-Score too high?
Kikusui Holdings' 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 4.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Kikusui Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Kikusui Holdings ranks #278 out of 2970 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Kikusui Holdings has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kikusui Holdings' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Kikusui Holdings ranks #278 out of 2970 companies for Piotroski F-Score. This places Kikusui Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kikusui Holdings' value of 7 is 40% above this benchmark. Historically, Kikusui Holdings' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kikusui Holdings 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,970 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. Kikusui Holdings'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 Kikusui Holdings and its competitors. For the Industrial Products 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. Kikusui Holdings'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 Kikusui Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kikusui Holdings (TSE:6912) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,639.46, compared to a current price of 円1,992.00 — trading 21.5% above 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 Industrial Products industry median of 5.00. Kikusui Holdings' overall GF Score™ is 84/100. 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 Kikusui Holdings (TSE:6912), the current Piotroski F-Score is 7 as of Jul. 15, 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 Kikusui Holdings (TSE:6912) Overvalued in 2026?
Based on GuruFocus' analysis, Kikusui Holdings stock appears to be overvalued.
The current stock price of 円1,992.00 is trading 21.5% above its estimated GF Value™ of 円1,639.46.
GuruFocus considers Kikusui Holdings to be Modestly Overvalued.
Key valuation signals for TSE:6912:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: 円1,639.46 vs. price of 円1,992.00 (21.5% above fair value)
Industry Position: 40% above the Industrial Products median (#278 of 2970)
No single metric tells the full story. See the TSE:6912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kikusui Holdings Corp is engaged in the manufacture and sale of electrical instruments business. The activities of the company include production, development, sales, service, quality assurance, and sales promotion.
84GF Score
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