Mainichi Comnet Co (TSE:8908) Piotroski F-Score: 7 (As of Jul. 31, 2026) — 17% Above Median

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TSE:8908 Mainichi Comnet Co Ltd TSE:8908
89 GF Score
Price 円869.00
GF Value 円1,019.29
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Mainichi Comnet Co Piotroski F-Score?

Mainichi Comnet Co TSE:8908 -0.11% 89 Piotroski F-Score is 7 as of Jul. 31, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:8908 with a GF Score™ of 89/100 and a GF Value™ of 円1,019.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,752 Real Estate companies, Mainichi Comnet Co ranks better than 92.81% 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

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

TSE:8908' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Mainichi Comnet Co was 8. The lowest was 3. And the median was 6.

Mainichi Comnet Co  (TSE:8908) 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.


Mainichi Comnet Co Piotroski F-Score Related Terms


Mainichi Comnet Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mainichi Comnet 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.

Mainichi Comnet Co Piotroski F-Score Chart

Mainichi Comnet Co Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 6.00 7.00 7.00

Mainichi Comnet Co Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 7.00

TSE:8908 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Mainichi Comnet 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.


Mainichi Comnet Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mainichi Comnet Co's Piotroski F-Score distribution charts can be found below:

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


TSE:8908
89GF Score
Mainichi Comnet Co Ltd TSE:8908
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 (May26) TTM:Last Year (May25) TTM:
Net Income was 円1,893 Mil.
Cash Flow from Operations was 円6,258 Mil.
Revenue was 円27,056 Mil.
Gross Profit was 円7,285 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was (30894.812 + 28138.078) / 2 = 円29516.445 Mil.
Total Assets at the begining of this year (May25) was 円30,895 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,387 Mil.
Total Current Assets was 円19,952 Mil.
Total Current Liabilities was 円6,883 Mil.
Net Income was 円1,600 Mil.

Revenue was 円22,255 Mil.
Gross Profit was 円6,790 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was (28821.104 + 30894.812) / 2 = 円29857.958 Mil.
Total Assets at the begining of last year (May24) was 円28,821 Mil.
Long-Term Debt & Capital Lease Obligation was 円10,632 Mil.
Total Current Assets was 円22,476 Mil.
Total Current Liabilities was 円5,320 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.

Mainichi Comnet Co's current Net Income (TTM) was 1,893. ==> 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.

Mainichi Comnet Co's current Cash Flow from Operations (TTM) was 6,258. ==> 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 (May25)
=1893.291/30894.812
=0.06128184

ROA (Last Year)=Net Income/Total Assets (May24)
=1599.526/28821.104
=0.05549843

Mainichi Comnet Co's return on assets of this year was 0.06128184. Mainichi Comnet Co's return on assets of last year was 0.05549843. ==> 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.

Mainichi Comnet Co's current Net Income (TTM) was 1,893. Mainichi Comnet Co's current Cash Flow from Operations (TTM) was 6,258. ==> 6,258 > 1,893 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=5386.846/29516.445
=0.18250321

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=10631.699/29857.958
=0.35607589

Mainichi Comnet Co's gearing of this year was 0.18250321. Mainichi Comnet Co's gearing of last year was 0.35607589. ==> 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: May26)=Total Current Assets/Total Current Liabilities
=19951.559/6882.753
=2.89877597

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=22476.157/5319.587
=4.22516955

Mainichi Comnet Co's current ratio of this year was 2.89877597. Mainichi Comnet Co's current ratio of last year was 4.22516955. ==> 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.

Mainichi Comnet Co's number of shares in issue this year was 17.496. Mainichi Comnet Co's number of shares in issue last year was 17.622. ==> 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
=7285.035/27055.729
=0.26926035

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6789.567/22255.059
=0.30507971

Mainichi Comnet Co's gross margin of this year was 0.26926035. Mainichi Comnet Co's gross margin of last year was 0.30507971. ==> 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 (May25)
=27055.729/30894.812
=0.87573697

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=22255.059/28821.104
=0.77217927

Mainichi Comnet Co's asset turnover of this year was 0.87573697. Mainichi Comnet Co's asset turnover of last year was 0.77217927. ==> 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+1+0+1
=7

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

Mainichi Comnet 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?
Mainichi Comnet Co (TSE:8908) has a Piotroski F-Score of 7 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mainichi Comnet Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Mainichi Comnet Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Mainichi Comnet Co ranks #126 out of 1752 companies in the Real Estate industry, placing it in the top 7.2%.
Is Mainichi Comnet Co's Piotroski F-Score too high?
Mainichi Comnet 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 3.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Mainichi Comnet Co's value of 7 is 40% above this industry median. Based on the distribution chart, Mainichi Comnet Co ranks #126 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Mainichi Comnet Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainichi Comnet Co's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Mainichi Comnet Co ranks #126 out of 1752 companies for Piotroski F-Score. This places Mainichi Comnet Co in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mainichi Comnet Co's value of 7 is 40% above this benchmark. Historically, Mainichi Comnet Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mainichi Comnet 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,752 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. Mainichi Comnet 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 Mainichi Comnet Co and its competitors. For the Real Estate 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. Mainichi Comnet 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 Mainichi Comnet Co stock overvalued right now?
Based on GuruFocus' analysis, Mainichi Comnet Co (TSE:8908) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,019.29, compared to a current price of 円869.00 — trading 14.7% 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 Real Estate industry median of 5.00. Mainichi Comnet Co's overall GF Score™ is 89/100 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 Mainichi Comnet Co (TSE:8908), the current Piotroski F-Score is 7 as of Jul. 31, 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 Mainichi Comnet Co (TSE:8908) Overvalued in 2026?

Based on GuruFocus' analysis, Mainichi Comnet Co stock appears to be undervalued. The current stock price of 円869.00 is trading 14.7% below its estimated GF Value™ of 円1,019.29. GuruFocus considers Mainichi Comnet Co to be Modestly Undervalued.

Key valuation signals for TSE:8908:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,019.29 vs. price of 円869.00 (14.7% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 40% above the Real Estate median (#126 of 1752)

No single metric tells the full story. See the TSE:8908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mainichi Comnet Co Business Description

Address Otemachi 2-1-1 Otemachi Nomura Building, Hikaru 15 order, Chiyoda-ku, Tokyo, JPN, 100-0004
Mainichi Comnet Co Ltd is a real estate company engaged in the development and consulting for apartments, student management, rental and business support student life travel business as well as arrangement planning and training camp of the Club Circle.
89GF Score

Get the complete analysis for TSE:8908

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

円869.00
Price
円1,019.29
GF Value