Taiheiyo Kouhatsu (TSE:8835) Piotroski F-Score: 6 (As of Jun. 29, 2026) — Near Median


TSE:8835 Taiheiyo Kouhatsu Inc TSE:8835
65 GF Score
Price 円755.00
GF Value 円751.71
Valuation Fairly Valued
! 8 Warning Signs
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What is Taiheiyo Kouhatsu Piotroski F-Score?

Taiheiyo Kouhatsu TSE:8835 +0.53% 65 Piotroski F-Score is 6 as of Jun. 29, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:8835 with a GF Score™ of 65/100 and a GF Value™ of 円751.71 (Fairly Valued). The stock has 8 warning signs investors should review. Among 555 Conglomerates companies, Taiheiyo Kouhatsu ranks better than 72.07% 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

Taiheiyo Kouhatsu 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 Taiheiyo Kouhatsu's Piotroski F-Score or its related term are showing as below:

TSE:8835' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Taiheiyo Kouhatsu was 8. The lowest was 5. And the median was 6.

Taiheiyo Kouhatsu  (TSE:8835) 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.


Taiheiyo Kouhatsu Piotroski F-Score Related Terms


Taiheiyo Kouhatsu Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taiheiyo Kouhatsu'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.

Taiheiyo Kouhatsu Piotroski F-Score Chart

Taiheiyo Kouhatsu 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 5.00 8.00 5.00 6.00 6.00

Taiheiyo Kouhatsu 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 5.00 0.00 6.00 0.00 6.00

TSE:8835 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Taiheiyo Kouhatsu'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.


Taiheiyo Kouhatsu Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Taiheiyo Kouhatsu's Piotroski F-Score distribution charts can be found below:

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


TSE:8835
65GF Score
Taiheiyo Kouhatsu Inc TSE:8835
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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343 Mil.
Cash Flow from Operations was 円1,110 Mil.
Revenue was 円42,802 Mil.
Gross Profit was 円4,512 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (47742 + 45689) / 2 = 円46715.5 Mil.
Total Assets at the begining of this year (Mar25) was 円47,742 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,189 Mil.
Total Current Assets was 円16,851 Mil.
Total Current Liabilities was 円17,046 Mil.
Net Income was 円382 Mil.

Revenue was 円42,076 Mil.
Gross Profit was 円4,370 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (44852 + 47742) / 2 = 円46297 Mil.
Total Assets at the begining of last year (Mar24) was 円44,852 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,588 Mil.
Total Current Assets was 円19,451 Mil.
Total Current Liabilities was 円18,878 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.

Taiheiyo Kouhatsu's current Net Income (TTM) was 343. ==> 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.

Taiheiyo Kouhatsu's current Cash Flow from Operations (TTM) was 1,110. ==> 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)
=343/47742
=0.00718445

ROA (Last Year)=Net Income/Total Assets (Mar24)
=382/44852
=0.0085169

Taiheiyo Kouhatsu's return on assets of this year was 0.00718445. Taiheiyo Kouhatsu's return on assets of last year was 0.0085169. ==> 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.

Taiheiyo Kouhatsu's current Net Income (TTM) was 343. Taiheiyo Kouhatsu's current Cash Flow from Operations (TTM) was 1,110. ==> 1,110 > 343 ==> 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
=6189/46715.5
=0.13248279

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=6588/46297
=0.14229864

Taiheiyo Kouhatsu's gearing of this year was 0.13248279. Taiheiyo Kouhatsu's gearing of last year was 0.14229864. ==> 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
=16851/17046
=0.98856037

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=19451/18878
=1.03035279

Taiheiyo Kouhatsu's current ratio of this year was 0.98856037. Taiheiyo Kouhatsu's current ratio of last year was 1.03035279. ==> 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.

Taiheiyo Kouhatsu's number of shares in issue this year was 7.779. Taiheiyo Kouhatsu's number of shares in issue last year was 7.779. ==> 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
=4512/42802
=0.10541563

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4370/42076
=0.10385968

Taiheiyo Kouhatsu's gross margin of this year was 0.10541563. Taiheiyo Kouhatsu's gross margin of last year was 0.10385968. ==> 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)
=42802/47742
=0.89652717

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=42076/44852
=0.93810755

Taiheiyo Kouhatsu's asset turnover of this year was 0.89652717. Taiheiyo Kouhatsu's asset turnover of last year was 0.93810755. ==> 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

Taiheiyo Kouhatsu 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?
Taiheiyo Kouhatsu (TSE:8835) 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 Taiheiyo Kouhatsu and its competitors. This is near median its historical median of 6.00. Over the past decade, Taiheiyo Kouhatsu's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Taiheiyo Kouhatsu ranks #155 out of 555 companies in the Conglomerates industry, placing it in the top 27.9%.
Is Taiheiyo Kouhatsu's Piotroski F-Score too high?
Taiheiyo Kouhatsu's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Taiheiyo Kouhatsu's value of 6 is 20% above this industry median. Based on the distribution chart, Taiheiyo Kouhatsu ranks #155 out of 555 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Taiheiyo Kouhatsu has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Taiheiyo Kouhatsu's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Taiheiyo Kouhatsu ranks #155 out of 555 companies for Piotroski F-Score. This puts Taiheiyo Kouhatsu in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Taiheiyo Kouhatsu's value of 6 is 20% above this benchmark. Historically, Taiheiyo Kouhatsu's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Taiheiyo Kouhatsu 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Taiheiyo Kouhatsu'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 Taiheiyo Kouhatsu and its competitors. For the Conglomerates 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. Taiheiyo Kouhatsu's current Piotroski F-Score is 6, which is near 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 Taiheiyo Kouhatsu stock overvalued right now?
Based on GuruFocus' analysis, Taiheiyo Kouhatsu (TSE:8835) is currently considered Fairly Valued. The stock's GF Value™ is 円751.71, compared to a current price of 円755.00 — trading 0.4% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Conglomerates industry median of 5.00. Taiheiyo Kouhatsu's overall GF Score™ is 65/100 with 8 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 Taiheiyo Kouhatsu (TSE:8835), 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 Taiheiyo Kouhatsu (TSE:8835) Overvalued in 2026?

Based on GuruFocus' analysis, Taiheiyo Kouhatsu stock appears to be overvalued. The current stock price of 円755.00 is trading 0.4% above its estimated GF Value™ of 円751.71. GuruFocus considers Taiheiyo Kouhatsu to be Fairly Valued.

Key valuation signals for TSE:8835:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円751.71 vs. price of 円755.00 (0.4% above fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 20% above the Conglomerates median (#155 of 555)

No single metric tells the full story. See the TSE:8835 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiheiyo Kouhatsu Business Description

Address Matai Building, 2-6-7, Motoasakusa, Taito-ku, Tokyo, JPN, 111-0041
Taiheiyo Kouhatsu Inc operates in the real estate and energy businesses in Japan. Taiheiyo Kouhatsu as a real estate developer takes comprehensive care of planning, site selection, design and surveillance, and sales of condominiums, residential land and detached houses. The energy business is involved in the sell of fuel oil and lubricating oil mainly for general industry and ships. It also sells gasoline, light oil and kerosene to franchised stores handling oil. In addition, it is engaged in the provision of nursing home services for seniors.
65GF Score

Get the complete analysis for TSE:8835

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

円755.00
Price
円751.71
GF Value