Chiyoda Co (TSE:8185) Piotroski F-Score: 3 (As of Jun. 29, 2026) — 50% Below Median


TSE:8185 Chiyoda Co Ltd TSE:8185
61 GF Score
Price 円955.00
GF Value 円920.22
Valuation Fairly Valued
! 5 Warning Signs
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What is Chiyoda Co Piotroski F-Score?

Chiyoda Co TSE:8185 -0.52% 61 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TSE:8185 with a GF Score™ of 61/100 and a GF Value™ of 円920.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Chiyoda Co ranks worse than 87.04% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Chiyoda Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Chiyoda Co's Piotroski F-Score or its related term are showing as below:

TSE:8185' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Chiyoda Co was 8. The lowest was 2. And the median was 6.

Chiyoda Co  (TSE:8185) 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.


Chiyoda Co Piotroski F-Score Related Terms


Chiyoda Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chiyoda 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.

Chiyoda Co Piotroski F-Score Chart

Chiyoda Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 8.00 7.00 3.00

Chiyoda Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 3.00

TSE:8185 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Chiyoda 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.


Chiyoda Co Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:8185
61GF Score
Chiyoda Co Ltd TSE:8185
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円237 Mil.
Cash Flow from Operations was 円-4,130 Mil.
Revenue was 円81,377 Mil.
Gross Profit was 円38,317 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (79076 + 71016) / 2 = 円75046 Mil.
Total Assets at the begining of this year (Feb25) was 円79,076 Mil.
Long-Term Debt & Capital Lease Obligation was 円365 Mil.
Total Current Assets was 円43,566 Mil.
Total Current Liabilities was 円15,566 Mil.
Net Income was 円2,923 Mil.

Revenue was 円91,835 Mil.
Gross Profit was 円43,744 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (84762 + 79076) / 2 = 円81919 Mil.
Total Assets at the begining of last year (Feb24) was 円84,762 Mil.
Long-Term Debt & Capital Lease Obligation was 円548 Mil.
Total Current Assets was 円51,090 Mil.
Total Current Liabilities was 円16,527 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.

Chiyoda Co's current Net Income (TTM) was 237. ==> 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.

Chiyoda Co's current Cash Flow from Operations (TTM) was -4,130. ==> Negative ==> Score 0.

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 (Feb25)
=237/79076
=0.00299712

ROA (Last Year)=Net Income/Total Assets (Feb24)
=2923/84762
=0.03448479

Chiyoda Co's return on assets of this year was 0.00299712. Chiyoda Co's return on assets of last year was 0.03448479. ==> 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.

Chiyoda Co's current Net Income (TTM) was 237. Chiyoda Co's current Cash Flow from Operations (TTM) was -4,130. ==> -4,130 <= 237 ==> CFROA <= ROA ==> Score 0.

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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=365/75046
=0.00486368

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=548/81919
=0.00668953

Chiyoda Co's gearing of this year was 0.00486368. Chiyoda Co's gearing of last year was 0.00668953. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=43566/15566
=2.79879224

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=51090/16527
=3.09130514

Chiyoda Co's current ratio of this year was 2.79879224. Chiyoda Co's current ratio of last year was 3.09130514. ==> 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.

Chiyoda Co's number of shares in issue this year was 34.298. Chiyoda Co's number of shares in issue last year was 35.182. ==> 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
=38317/81377
=0.47085786

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=43744/91835
=0.47633255

Chiyoda Co's gross margin of this year was 0.47085786. Chiyoda Co's gross margin of last year was 0.47633255. ==> 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 (Feb25)
=81377/79076
=1.02909859

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=91835/84762
=1.08344541

Chiyoda Co's asset turnover of this year was 1.02909859. Chiyoda Co's asset turnover of last year was 1.08344541. ==> 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+0+0+0+1+0+1+0+0
=3

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

Chiyoda Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Chiyoda Co (TSE:8185) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chiyoda Co and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Chiyoda Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Chiyoda Co ranks #954 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 87%.
Is Chiyoda Co's Piotroski F-Score too high?
Chiyoda Co's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Chiyoda Co's value of 3 is 40% below this industry median. Based on the distribution chart, Chiyoda Co ranks #954 out of 1096 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Chiyoda Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chiyoda Co's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Chiyoda Co ranks #954 out of 1096 companies for Piotroski F-Score. This places Chiyoda Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Chiyoda Co's value of 3 is 40% below this benchmark. Historically, Chiyoda Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chiyoda 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,096 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. Chiyoda Co's current Piotroski F-Score of 3 is 40% 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 Chiyoda Co and its competitors. For the Retail - Cyclical 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. Chiyoda Co's current Piotroski F-Score is 3, which is 50% below 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 Chiyoda Co stock overvalued right now?
Based on GuruFocus' analysis, Chiyoda Co (TSE:8185) is currently considered Fairly Valued. The stock's GF Value™ is 円920.22, compared to a current price of 円955.00 — trading 3.8% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Retail - Cyclical industry median of 5.00. Chiyoda Co's overall GF Score™ is 61/100 with 5 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 Chiyoda Co (TSE:8185), the current Piotroski F-Score is 3 as of Jun. 29, 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 Chiyoda Co (TSE:8185) Overvalued in 2026?

Based on GuruFocus' analysis, Chiyoda Co stock appears to be overvalued. The current stock price of 円955.00 is trading 3.8% above its estimated GF Value™ of 円920.22. GuruFocus considers Chiyoda Co to be Fairly Valued.

Key valuation signals for TSE:8185:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: 円920.22 vs. price of 円955.00 (3.8% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 40% below the Retail - Cyclical median (#954 of 1096)

No single metric tells the full story. See the TSE:8185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chiyoda Co Business Description

Address 4-30-16 Ogikubo, Suginami-ku, 5th Floor, Fujisawa Building, Suginami-ku, Tokyo, JPN, 167-8505
Chiyoda Co Ltd operates shoe and clothing retail stores in Japan. The shoe segment accounts for roughly three-fourths of total company revenue. Chiyoda has more than 1,000 shoe stores, which sell both private-label and national brands and operate mainly under the names Shoe Plaza and Tokyo Shoes Retailing Center. The majority of Chiyoda's shoe sales are in the athletic footwear, adult men's, and adult women's categories. The remaining sales are in the clothing segment, where the company operates nearly 500 stores, mainly under the Mac-House brand name.
61GF Score

Get the complete analysis for TSE:8185

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

円955.00
Price
円920.22
GF Value