The Kosei Securities CoTSE:8617 -0.56%65 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:8617 with a GF Score™ of 65/100 and a GF Value™ of 円829.55 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 785 Capital Markets companies, The Kosei Securities Co ranks better than 81.78% 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
The Kosei Securities 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 The Kosei Securities Co's Piotroski F-Score or its related term are showing as below:
TSE:8617'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of The Kosei Securities Co was 7. The lowest was 3. And the median was 5.
The Kosei Securities Co (TSE:8617) 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.
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.
The Kosei Securities Co Piotroski F-Score Related Terms
The Kosei Securities Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for The Kosei Securities 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.
TSE:8617 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, The Kosei Securities 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.
The Kosei Securities Co Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Kosei Securities Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Kosei Securities Co'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.
The Kosei Securities Co's current Net Income (TTM) was 210.
==> 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.
The Kosei Securities Co's current Cash Flow from Operations (TTM) was -230.
==> 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.
The Kosei Securities Co's return on assets of this year was 0.00964055. The Kosei Securities Co's return on assets of last year was -0.01893539.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Kosei Securities Co's gearing of this year was 0. The Kosei Securities 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
The Kosei Securities Co's current ratio of this year was 2.56569271. The Kosei Securities Co's current ratio of last year was 2.45449331.
==> 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.
The Kosei Securities Co's number of shares in issue this year was 9.449. The Kosei Securities Co's number of shares in issue last year was 9.45.
==> 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.
The Kosei Securities Co's gross margin of this year was 0.95225225. The Kosei Securities Co's gross margin of last year was 0.97482014.
==> 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
The Kosei Securities Co's asset turnover of this year was 0.05095717. The Kosei Securities Co's asset turnover of last year was 0.02259244.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Kosei Securities Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The Kosei Securities Co (TSE:8617) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Kosei Securities Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, The Kosei Securities Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, The Kosei Securities Co ranks #143 out of 785 companies in the Capital Markets industry, placing it in the top 18.2%.
Is The Kosei Securities Co's Piotroski F-Score too high?
The Kosei Securities Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. The Kosei Securities Co's value of 6 is 20% above this industry median. Based on the distribution chart, The Kosei Securities Co ranks #143 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, The Kosei Securities Co has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Kosei Securities Co's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, The Kosei Securities Co ranks #143 out of 785 companies for Piotroski F-Score. This places The Kosei Securities Co in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. The Kosei Securities Co's value of 6 is 20% above this benchmark. Historically, The Kosei Securities Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, The Kosei Securities 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. The Kosei Securities 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 The Kosei Securities Co and its competitors. For the Capital Markets 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. The Kosei Securities Co's current Piotroski F-Score is 6, which is 20% above 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 The Kosei Securities Co stock overvalued right now?
Based on GuruFocus' analysis, The Kosei Securities Co (TSE:8617) is currently considered Possible Value Trap. The stock's GF Value™ is 円829.55, compared to a current price of 円536.00 — trading 35.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Capital Markets industry median of 5.00. The Kosei Securities Co's overall GF Score™ is 65/100 with 3 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 The Kosei Securities Co (TSE:8617), the current Piotroski F-Score is 6 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 The Kosei Securities Co (TSE:8617) Overvalued in 2026?
Based on GuruFocus' analysis, The Kosei Securities Co stock appears to be undervalued.
The current stock price of 円536.00 is trading 35.4% below its estimated GF Value™ of 円829.55.
GuruFocus considers The Kosei Securities Co to be Possible Value Trap.
Key valuation signals for TSE:8617:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: 円829.55 vs. price of 円536.00 (35.4% below fair value)
Industry Position: 20% above the Capital Markets median (#143 of 785)
No single metric tells the full story. See the TSE:8617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Kosei Securities Co Ltd operates in the capital market industry. The company provides brokerage service, underwriting service, and other services related to securities.
65GF Score
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