KING Co (TSE:8118) Piotroski F-Score: 6 (As of Jul. 19, 2026) — 14% Below Median

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TSE:8118 KING Co Ltd TSE:8118
61 GF Score
Price 円1,244.00
GF Value 円689.10
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KING Co Piotroski F-Score?

KING Co TSE:8118 +0.24% 61 Piotroski F-Score is 6 as of Jul. 19, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:8118 with a GF Score™ of 61/100 and a GF Value™ of 円689.10 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,052 Manufacturing - Apparel & Accessories companies, KING Co ranks better than 77.85% 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

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

TSE:8118' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of KING Co was 8. The lowest was 4. And the median was 7.

KING Co  (TSE:8118) 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.


KING Co Piotroski F-Score Related Terms


KING Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for KING 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.

KING Co Piotroski F-Score Chart

KING 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 7.00 7.00 7.00 8.00 6.00

KING Co Semi-Annual Data
Sep16 Mar17 Sep17 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 Premium Member Only 7.00 0.00 8.00 0.00 6.00

KING Co Piotroski F-Score Competitor Comparison

For the Textile Manufacturing subindustry, KING 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.


KING Co Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, KING Co's Piotroski F-Score distribution charts can be found below:

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


TSE:8118
61GF Score
KING Co Ltd TSE:8118
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625 Mil.
Cash Flow from Operations was 円1,426 Mil.
Revenue was 円7,835 Mil.
Gross Profit was 円4,538 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (25717 + 26746) / 2 = 円26231.5 Mil.
Total Assets at the begining of this year (Mar25) was 円25,717 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円11,730 Mil.
Total Current Liabilities was 円1,773 Mil.
Net Income was 円733 Mil.

Revenue was 円8,157 Mil.
Gross Profit was 円4,687 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (25604 + 25717) / 2 = 円25660.5 Mil.
Total Assets at the begining of last year (Mar24) was 円25,604 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円12,818 Mil.
Total Current Liabilities was 円1,539 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.

KING Co's current Net Income (TTM) was 625. ==> 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.

KING Co's current Cash Flow from Operations (TTM) was 1,426. ==> 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)
=625/25717
=0.02430299

ROA (Last Year)=Net Income/Total Assets (Mar24)
=733/25604
=0.02862834

KING Co's return on assets of this year was 0.02430299. KING Co's return on assets of last year was 0.02862834. ==> 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.

KING Co's current Net Income (TTM) was 625. KING Co's current Cash Flow from Operations (TTM) was 1,426. ==> 1,426 > 625 ==> 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
=0/26231.5
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/25660.5
=0

KING Co's gearing of this year was 0. KING 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
=11730/1773
=6.61590525

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12818/1539
=8.32878493

KING Co's current ratio of this year was 6.61590525. KING Co's current ratio of last year was 8.32878493. ==> 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.

KING Co's number of shares in issue this year was 15.956. KING Co's number of shares in issue last year was 15.984. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=4538/7835
=0.57919592

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4687/8157
=0.5745985

KING Co's gross margin of this year was 0.57919592. KING Co's gross margin of last year was 0.5745985. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=7835/25717
=0.30466229

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=8157/25604
=0.31858303

KING Co's asset turnover of this year was 0.30466229. KING Co's asset turnover of last year was 0.31858303. ==> 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+0+1+1+0+1+1+0
=6

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

KING Co has an F-score of 6 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 6 mean?
KING Co (TSE:8118) has a Piotroski F-Score of 6 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KING Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, KING Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, KING Co ranks #233 out of 1052 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.1%.
Is KING Co's Piotroski F-Score too high?
KING Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. KING Co's value of 6 is 20% above this industry median. Based on the distribution chart, KING Co ranks #233 out of 1052 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, KING Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KING Co's Piotroski F-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, KING Co ranks #233 out of 1052 companies for Piotroski F-Score. This places KING Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. KING Co's value of 6 is 20% above this benchmark. Historically, KING 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 7.00 vs. the industry median of 5.00, KING 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,052 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. KING Co'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 KING Co and its competitors. For the Manufacturing - Apparel & Accessories 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. KING Co's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KING Co stock overvalued right now?
Based on GuruFocus' analysis, KING Co (TSE:8118) is currently considered Significantly Overvalued. The stock's GF Value™ is 円689.10, compared to a current price of 円1,244.00 — trading 80.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Manufacturing - Apparel & Accessories industry median of 5.00. KING Co's overall GF Score™ is 61/100 with 6 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 KING Co (TSE:8118), the current Piotroski F-Score is 6 as of Jul. 19, 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 KING Co (TSE:8118) Overvalued in 2026?

Based on GuruFocus' analysis, KING Co stock appears to be overvalued. The current stock price of 円1,244.00 is trading 80.5% above its estimated GF Value™ of 円689.10. GuruFocus considers KING Co to be Significantly Overvalued.

Key valuation signals for TSE:8118:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: 円689.10 vs. price of 円1,244.00 (80.5% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 20% above the Manufacturing - Apparel & Accessories median (#233 of 1052)

No single metric tells the full story. See the TSE:8118 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KING Co Business Description

Address 2-14-9 Nishi Gotanda Shinagawa-ku, Tokyo, JPN, 141-0031
KING Co Ltd is a textile producer and apparel maker of cloths. The company produces printed textiles and manufactures ready-made suits, sweaters, jackets, skirts, slacks, scarves, bags, and others. It sells its products under the brand name PINORE, C'EST CHIC'A, LUPUY, AUSTIN REED, PRIDE BIS, among others.
61GF Score

Get the complete analysis for TSE:8118

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

円1,244.00
Price
円689.10
GF Value