ROYAL HOLDINGS Co (TSE:8179) Piotroski F-Score: 7 (As of Jul. 01, 2026) — 17% Above Median


TSE:8179 ROYAL HOLDINGS Co Ltd TSE:8179
75 GF Score
Price 円1,221.00
GF Value 円1,474.05
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ROYAL HOLDINGS Co Piotroski F-Score?

ROYAL HOLDINGS Co TSE:8179 -0.57% 75 Piotroski F-Score is 7 as of Jul. 01, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:8179 with a GF Score™ of 75/100 and a GF Value™ of 円1,474.05 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 355 Restaurants companies, ROYAL HOLDINGS Co ranks better than 86.48% 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

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

TSE:8179' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of ROYAL HOLDINGS Co was 8. The lowest was 1. And the median was 6.

ROYAL HOLDINGS Co  (TSE:8179) 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.


ROYAL HOLDINGS Co Piotroski F-Score Related Terms


ROYAL HOLDINGS Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ROYAL 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.

ROYAL HOLDINGS Co Piotroski F-Score Chart

ROYAL HOLDINGS Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 8.00 7.00 6.00

ROYAL HOLDINGS Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 6.00 5.00 6.00 7.00

TSE:8179 vs MCD, SBUX, YUM: Piotroski F-Score Comparison

For the Restaurants subindustry, ROYAL 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.


ROYAL HOLDINGS Co Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, ROYAL HOLDINGS Co's Piotroski F-Score distribution charts can be found below:

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


TSE:8179
75GF Score
ROYAL HOLDINGS Co Ltd TSE:8179
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 1027 + 1489 + 2185 + 930 = 円5,631 Mil.
Cash Flow from Operations was 2813 + 5260 + 3954 + 2048 = 円14,075 Mil.
Revenue was 40454 + 43244 + 43446 + 40585 = 円167,729 Mil.
Gross Profit was 28872 + 30566 + 30999 + 28778 = 円119,215 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(131026 + 135716 + 135966 + 139763 + 132792) / 5 = 円135052.6 Mil.
Total Assets at the begining of this year (Mar25) was 円131,026 Mil.
Long-Term Debt & Capital Lease Obligation was 円39,982 Mil.
Total Current Assets was 円30,079 Mil.
Total Current Liabilities was 円28,422 Mil.
Net Income was 1442 + 1444 + 1514 + 959 = 円5,359 Mil.

Revenue was 37004 + 39772 + 39745 + 38351 = 円154,872 Mil.
Gross Profit was 26021 + 27818 + 27916 + 27193 = 円108,948 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(130780 + 125285 + 124403 + 127738 + 131026) / 5 = 円127846.4 Mil.
Total Assets at the begining of last year (Mar24) was 円130,780 Mil.
Long-Term Debt & Capital Lease Obligation was 円42,121 Mil.
Total Current Assets was 円39,677 Mil.
Total Current Liabilities was 円30,804 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.

ROYAL HOLDINGS Co's current Net Income (TTM) was 5,631. ==> 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.

ROYAL HOLDINGS Co's current Cash Flow from Operations (TTM) was 14,075. ==> 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)
=5631/131026
=0.0429762

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5359/130780
=0.04097721

ROYAL HOLDINGS Co's return on assets of this year was 0.0429762. ROYAL HOLDINGS Co's return on assets of last year was 0.04097721. ==> 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.

ROYAL HOLDINGS Co's current Net Income (TTM) was 5,631. ROYAL HOLDINGS Co's current Cash Flow from Operations (TTM) was 14,075. ==> 14,075 > 5,631 ==> 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
=39982/135052.6
=0.29604761

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=42121/127846.4
=0.32946567

ROYAL HOLDINGS Co's gearing of this year was 0.29604761. ROYAL HOLDINGS Co's gearing of last year was 0.32946567. ==> 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
=30079/28422
=1.05829991

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=39677/30804
=1.28804701

ROYAL HOLDINGS Co's current ratio of this year was 1.05829991. ROYAL HOLDINGS Co's current ratio of last year was 1.28804701. ==> 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.

ROYAL HOLDINGS Co's number of shares in issue this year was 98.517. ROYAL HOLDINGS Co's number of shares in issue last year was 98.46. ==> 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
=119215/167729
=0.71075962

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=108948/154872
=0.70347125

ROYAL HOLDINGS Co's gross margin of this year was 0.71075962. ROYAL HOLDINGS Co's gross margin of last year was 0.70347125. ==> 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)
=167729/131026
=1.28011998

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=154872/130780
=1.18421777

ROYAL HOLDINGS Co's asset turnover of this year was 1.28011998. ROYAL HOLDINGS Co's asset turnover of last year was 1.18421777. ==> 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+0+0+1+1
=7

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

ROYAL 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?
ROYAL HOLDINGS Co (TSE:8179) has a Piotroski F-Score of 7 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ROYAL HOLDINGS Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, ROYAL HOLDINGS Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, ROYAL HOLDINGS Co ranks #48 out of 355 companies in the Restaurants industry, placing it in the top 13.5%.
Is ROYAL HOLDINGS Co's Piotroski F-Score too high?
ROYAL 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 1.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 5.00. ROYAL HOLDINGS Co's value of 7 is 40% above this industry median. Based on the distribution chart, ROYAL HOLDINGS Co ranks #48 out of 355 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, ROYAL HOLDINGS Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ROYAL HOLDINGS Co's Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, ROYAL HOLDINGS Co ranks #48 out of 355 companies for Piotroski F-Score. This places ROYAL HOLDINGS Co in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ROYAL HOLDINGS Co's value of 7 is 40% above this benchmark. Historically, ROYAL HOLDINGS Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, ROYAL 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 355 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. ROYAL 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 ROYAL HOLDINGS Co and its competitors. For the Restaurants 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. ROYAL 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 ROYAL HOLDINGS Co stock overvalued right now?
Based on GuruFocus' analysis, ROYAL HOLDINGS Co (TSE:8179) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,474.05, compared to a current price of 円1,221.00 — trading 17.2% 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 Restaurants industry median of 5.00. ROYAL HOLDINGS Co's overall GF Score™ is 75/100 with 2 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 ROYAL HOLDINGS Co (TSE:8179), the current Piotroski F-Score is 7 as of Jul. 01, 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 ROYAL HOLDINGS Co (TSE:8179) Overvalued in 2026?

Based on GuruFocus' analysis, ROYAL HOLDINGS Co stock appears to be undervalued. The current stock price of 円1,221.00 is trading 17.2% below its estimated GF Value™ of 円1,474.05. GuruFocus considers ROYAL HOLDINGS Co to be Modestly Undervalued.

Key valuation signals for TSE:8179:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,474.05 vs. price of 円1,221.00 (17.2% below fair value)
  • GF Score™: 75/100 with 2 warning signs
  • Industry Position: 40% above the Restaurants median (#48 of 355)

No single metric tells the full story. See the TSE:8179 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ROYAL HOLDINGS Co Business Description

Other Exchanges 8179:Japan
Address 3-28-5 Naka, Hakata-ku, Fukuoka, JPN, 154-8584
ROYAL HOLDINGS Co Ltd operates five core businesses in Japan: Restaurants, Hotels, Contract Food Services, In-Flight Catering, and Food Manufacturing. Royal's Restaurants business operates various brands, including Royal Host, Tenya, Cowboy Family, Shakey's, Sizzler, Hananoki, Royal Garden Cafe, pinkberry, The Third Cafe, and Rose Bakery. The company's Hotel business operates Richmond Hotels. Contract Food Services provides food in airports, highway service areas, department stores, and convention centers. In-Flight Catering provides meals for dozens of airlines all over the world. The Food Manufacturing business has two central kitchens in Japan that serve the company's other businesses. The group has four segments: restaurant business, contract business, Hotel Business, & Food Business.
75GF Score

Get the complete analysis for TSE:8179

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

円1,221.00
Price
円1,474.05
GF Value