Shikoku Electric Power Co (TSE:9507) Piotroski F-Score: 4 (As of Jul. 08, 2026) — 43% Below Median


TSE:9507 Shikoku Electric Power Co Inc TSE:9507
64 GF Score
Price 円1,500.50
GF Value 円1,180.88
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Shikoku Electric Power Co Piotroski F-Score?

Shikoku Electric Power Co TSE:9507 -0.46% 64 Piotroski F-Score is 4 as of Jul. 08, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates TSE:9507 with a GF Score™ of 64/100 and a GF Value™ of 円1,180.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 491 Utilities - Regulated companies, Shikoku Electric Power Co ranks worse than 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

Shikoku Electric Power Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:9507' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Shikoku Electric Power Co was 8. The lowest was 4. And the median was 7.

Shikoku Electric Power Co  (TSE:9507) 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.


Shikoku Electric Power Co Piotroski F-Score Related Terms


Shikoku Electric Power Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shikoku Electric Power 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.

Shikoku Electric Power Co Piotroski F-Score Chart

Shikoku Electric Power Co 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 4.00 6.00 8.00 8.00 4.00

Shikoku Electric Power Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 8.00 0.00 0.00 0.00 4.00

TSE:9507 vs NEE, SO, DUK: Piotroski F-Score Comparison

For the Utilities - Regulated Electric subindustry, Shikoku Electric Power 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.


Shikoku Electric Power Co Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shikoku Electric Power Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9507
64GF Score
Shikoku Electric Power Co Inc TSE:9507
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円50,809 Mil.
Cash Flow from Operations was 円82,290 Mil.
Revenue was 円761,861 Mil.
Gross Profit was 円81,456 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1687484 + 1734358) / 2 = 円1710921 Mil.
Total Assets at the begining of this year (Mar25) was 円1,687,484 Mil.
Long-Term Debt & Capital Lease Obligation was 円871,297 Mil.
Total Current Assets was 円307,716 Mil.
Total Current Liabilities was 円221,746 Mil.
Net Income was 円68,324 Mil.

Revenue was 円851,398 Mil.
Gross Profit was 円102,898 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1629054 + 1687484) / 2 = 円1658269 Mil.
Total Assets at the begining of last year (Mar24) was 円1,629,054 Mil.
Long-Term Debt & Capital Lease Obligation was 円830,796 Mil.
Total Current Assets was 円346,400 Mil.
Total Current Liabilities was 円244,652 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.

Shikoku Electric Power Co's current Net Income (TTM) was 50,809. ==> 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.

Shikoku Electric Power Co's current Cash Flow from Operations (TTM) was 82,290. ==> 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)
=50809/1687484
=0.03010932

ROA (Last Year)=Net Income/Total Assets (Mar24)
=68324/1629054
=0.04194091

Shikoku Electric Power Co's return on assets of this year was 0.03010932. Shikoku Electric Power Co's return on assets of last year was 0.04194091. ==> 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.

Shikoku Electric Power Co's current Net Income (TTM) was 50,809. Shikoku Electric Power Co's current Cash Flow from Operations (TTM) was 82,290. ==> 82,290 > 50,809 ==> 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
=871297/1710921
=0.50925613

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=830796/1658269
=0.50100195

Shikoku Electric Power Co's gearing of this year was 0.50925613. Shikoku Electric Power Co's gearing of last year was 0.50100195. ==> Last year is lower than this year ==> Score 0.

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
=307716/221746
=1.38769583

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=346400/244652
=1.41588869

Shikoku Electric Power Co's current ratio of this year was 1.38769583. Shikoku Electric Power Co's current ratio of last year was 1.41588869. ==> 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.

Shikoku Electric Power Co's number of shares in issue this year was 205.479. Shikoku Electric Power Co's number of shares in issue last year was 205.673. ==> 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
=81456/761861
=0.10691714

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=102898/851398
=0.1208577

Shikoku Electric Power Co's gross margin of this year was 0.10691714. Shikoku Electric Power Co's gross margin of last year was 0.1208577. ==> 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 (Mar25)
=761861/1687484
=0.45147747

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=851398/1629054
=0.52263338

Shikoku Electric Power Co's asset turnover of this year was 0.45147747. Shikoku Electric Power Co's asset turnover of last year was 0.52263338. ==> 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+0+0+1+0+0
=4

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

Shikoku Electric Power Co has an F-score of 4 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 4 mean?
Shikoku Electric Power Co (TSE:9507) has a Piotroski F-Score of 4 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shikoku Electric Power Co and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Shikoku Electric Power Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Shikoku Electric Power Co ranks #383 out of 491 companies in the Utilities - Regulated industry, placing it in the top 78%.
Is Shikoku Electric Power Co's Piotroski F-Score too high?
Shikoku Electric Power Co's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Shikoku Electric Power Co's value of 4 is 33.3% below this industry median. Based on the distribution chart, Shikoku Electric Power Co ranks #383 out of 491 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Shikoku Electric Power Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shikoku Electric Power Co's Piotroski F-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Shikoku Electric Power Co ranks #383 out of 491 companies for Piotroski F-Score. This places Shikoku Electric Power Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Shikoku Electric Power Co's value of 4 is 33.3% below this benchmark. Historically, Shikoku Electric Power Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Shikoku Electric Power 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. Shikoku Electric Power Co's current Piotroski F-Score of 4 is 33.3% 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 Shikoku Electric Power Co and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shikoku Electric Power Co's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shikoku Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Shikoku Electric Power Co (TSE:9507) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,180.88, compared to a current price of 円1,500.50 — trading 27.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 33.3% below the Utilities - Regulated industry median of 6.00. Shikoku Electric Power Co's overall GF Score™ is 64/100 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 Shikoku Electric Power Co (TSE:9507), the current Piotroski F-Score is 4 as of Jul. 08, 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 Shikoku Electric Power Co (TSE:9507) Overvalued in 2026?

Based on GuruFocus' analysis, Shikoku Electric Power Co stock appears to be overvalued. The current stock price of 円1,500.50 is trading 27.1% above its estimated GF Value™ of 円1,180.88. GuruFocus considers Shikoku Electric Power Co to be Modestly Overvalued.

Key valuation signals for TSE:9507:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: 円1,180.88 vs. price of 円1,500.50 (27.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 33.3% below the Utilities - Regulated median (#383 of 491)

No single metric tells the full story. See the TSE:9507 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shikoku Electric Power Co Business Description

Address 2-5 Marunouchi, Kagawa Prefecture, Takamatsu, JPN, 760-8573
Shikoku Electric Power Co Inc is an electric utility company that supplies electric power to customers in Japan's Shikoku region. The company's principal activity is generating, transmitting, and distributing electricity. It produces energy through its portfolio of coal, nuclear, oil, hydroelectric, and natural gas power plants. Thermal and nuclear assets represent the majority of its electric power generation capacity. The company operates in four segments: Electricity business, Information and communications business, International business, and Other business. The vast majority of the company's revenue is derived by selling electricity produced by coal-fueled facilities and transmitted to industrial and commercial customers.
64GF Score

Get the complete analysis for TSE:9507

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

円1,500.50
Price
円1,180.88
GF Value