Avantia Co (TSE:8904) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 40% Above Median


TSE:8904 Avantia Co Ltd TSE:8904
71 GF Score
Price 円818.00
GF Value 円859.49
Valuation Fairly Valued
! 7 Warning Signs
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What is Avantia Co Piotroski F-Score?

Avantia Co TSE:8904 +0.49% 71 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSE:8904 with a GF Score™ of 71/100 and a GF Value™ of 円859.49 (Fairly Valued). The stock has 7 warning signs investors should review. Among 93 Homebuilding & Construction companies, Avantia Co ranks better than 93.55% 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

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

TSE:8904' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Avantia Co was 7. The lowest was 2. And the median was 5.

Avantia Co  (TSE:8904) 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.


Avantia Co Piotroski F-Score Related Terms


Avantia Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Avantia 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.

Avantia Co Piotroski F-Score Chart

Avantia Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 2.00 5.00 7.00

Avantia Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 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 0.00 5.00 0.00 7.00 0.00

TSE:8904 vs DHI, PHM, LEN: Piotroski F-Score Comparison

For the Residential Construction subindustry, Avantia 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.


Avantia Co Piotroski F-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Avantia Co's Piotroski F-Score distribution charts can be found below:

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


TSE:8904
71GF Score
Avantia Co Ltd TSE:8904
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 (Aug25) TTM:Last Year (Aug24) TTM:
Net Income was 円639 Mil.
Cash Flow from Operations was 円4,325 Mil.
Revenue was 円69,271 Mil.
Gross Profit was 円9,115 Mil.
Average Total Assets from the begining of this year (Aug24)
to the end of this year (Aug25) was (67375.627 + 71081.758) / 2 = 円69228.6925 Mil.
Total Assets at the begining of this year (Aug24) was 円67,376 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,335 Mil.
Total Current Assets was 円61,149 Mil.
Total Current Liabilities was 円30,277 Mil.
Net Income was 円589 Mil.

Revenue was 円71,022 Mil.
Gross Profit was 円8,420 Mil.
Average Total Assets from the begining of last year (Aug23)
to the end of last year (Aug24) was (70863.482 + 67375.627) / 2 = 円69119.5545 Mil.
Total Assets at the begining of last year (Aug23) was 円70,863 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,537 Mil.
Total Current Assets was 円58,537 Mil.
Total Current Liabilities was 円26,599 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.

Avantia Co's current Net Income (TTM) was 639. ==> 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.

Avantia Co's current Cash Flow from Operations (TTM) was 4,325. ==> 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 (Aug24)
=639.446/67375.627
=0.00949076

ROA (Last Year)=Net Income/Total Assets (Aug23)
=589.107/70863.482
=0.00831327

Avantia Co's return on assets of this year was 0.00949076. Avantia Co's return on assets of last year was 0.00831327. ==> 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.

Avantia Co's current Net Income (TTM) was 639. Avantia Co's current Cash Flow from Operations (TTM) was 4,325. ==> 4,325 > 639 ==> 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: Aug25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug24 to Aug25
=12334.526/69228.6925
=0.17817072

Gearing (Last Year: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=12536.53/69119.5545
=0.18137458

Avantia Co's gearing of this year was 0.17817072. Avantia Co's gearing of last year was 0.18137458. ==> 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: Aug25)=Total Current Assets/Total Current Liabilities
=61148.568/30277.35
=2.01961427

Current Ratio (Last Year: Aug24)=Total Current Assets/Total Current Liabilities
=58536.61/26599.228
=2.20068831

Avantia Co's current ratio of this year was 2.01961427. Avantia Co's current ratio of last year was 2.20068831. ==> 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.

Avantia Co's number of shares in issue this year was 14.404. Avantia Co's number of shares in issue last year was 14.326. ==> 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
=9115.156/69270.817
=0.13158725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8420.127/71021.5
=0.11855744

Avantia Co's gross margin of this year was 0.13158725. Avantia Co's gross margin of last year was 0.11855744. ==> 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 (Aug24)
=69270.817/67375.627
=1.02812872

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug23)
=71021.5/70863.482
=1.00222989

Avantia Co's asset turnover of this year was 1.02812872. Avantia Co's asset turnover of last year was 1.00222989. ==> 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

Avantia 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?
Avantia Co (TSE:8904) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Avantia Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Avantia Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Avantia Co ranks #6 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 6.5%.
Is Avantia Co's Piotroski F-Score too high?
Avantia Co's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Homebuilding & Construction industry median Piotroski F-Score is 5.00. Avantia Co's value of 7 is 40% above this industry median. Based on the distribution chart, Avantia Co ranks #6 out of 93 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Avantia Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avantia Co's Piotroski F-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Avantia Co ranks #6 out of 93 companies for Piotroski F-Score. This places Avantia Co in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Avantia Co's value of 7 is 40% above this benchmark. Historically, Avantia Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Avantia 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 Homebuilding & Construction company?
The median Piotroski F-Score among Homebuilding & Construction companies is 5.00, based on 93 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. Avantia 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 Avantia Co and its competitors. For the Homebuilding & Construction 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. Avantia Co's current Piotroski F-Score is 7, which is 40% 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 Avantia Co stock overvalued right now?
Based on GuruFocus' analysis, Avantia Co (TSE:8904) is currently considered Fairly Valued. The stock's GF Value™ is 円859.49, compared to a current price of 円818.00 — trading 4.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Homebuilding & Construction industry median of 5.00. Avantia Co's overall GF Score™ is 71/100 with 7 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 Avantia Co (TSE:8904), the current Piotroski F-Score is 7 as of Jun. 28, 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 Avantia Co (TSE:8904) Overvalued in 2026?

Based on GuruFocus' analysis, Avantia Co stock appears to be undervalued. The current stock price of 円818.00 is trading 4.8% below its estimated GF Value™ of 円859.49. GuruFocus considers Avantia Co to be Fairly Valued.

Key valuation signals for TSE:8904:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円859.49 vs. price of 円818.00 (4.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 40% above the Homebuilding & Construction median (#6 of 93)

No single metric tells the full story. See the TSE:8904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avantia Co Business Description

Address 20-15 Nishiki, 12th floor, Hirokoji Cross Tower, Nagoya, JPN, 467-0842
Avantia Co Ltd is engaged in the planning, design and construction, interior coordination, and exterior design of houses and condominium projects in Japan.
71GF Score

Get the complete analysis for TSE:8904

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

円818.00
Price
円859.49
GF Value