Luckland Co (TSE:9612) Piotroski F-Score: 8 (As of Jul. 13, 2026) — 60% Above Median


TSE:9612 Luckland Co Ltd TSE:9612
69 GF Score
Price 円1,282.00
GF Value 円2,569.87
Valuation Significantly Undervalued
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What is Luckland Co Piotroski F-Score?

Luckland Co TSE:9612 +2.07% 69 Piotroski F-Score is 8 as of Jul. 13, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates TSE:9612 with a GF Score™ of 69/100 and a GF Value™ of 円2,569.87 (Significantly Undervalued). Among 1,730 Construction companies, Luckland Co ranks better than 98.21% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Luckland Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:9612' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Luckland Co was 8. The lowest was 2. And the median was 5.

Luckland Co  (TSE:9612) 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.


Luckland Co Piotroski F-Score Related Terms


Luckland Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Luckland 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.

Luckland Co Piotroski F-Score Chart

Luckland Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 2.00 4.00 6.00 8.00

Luckland Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.00 0.00 6.00 0.00 8.00

TSE:9612 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Luckland 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.


Luckland Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Luckland Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9612
69GF Score
Luckland Co Ltd TSE:9612
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円2,081 Mil.
Cash Flow from Operations was 円4,453 Mil.
Revenue was 円56,574 Mil.
Gross Profit was 円9,750 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (25495 + 29740) / 2 = 円27617.5 Mil.
Total Assets at the begining of this year (Dec24) was 円25,495 Mil.
Long-Term Debt & Capital Lease Obligation was 円521 Mil.
Total Current Assets was 円23,278 Mil.
Total Current Liabilities was 円15,644 Mil.
Net Income was 円-479 Mil.

Revenue was 円47,659 Mil.
Gross Profit was 円5,978 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (27379 + 25495) / 2 = 円26437 Mil.
Total Assets at the begining of last year (Dec23) was 円27,379 Mil.
Long-Term Debt & Capital Lease Obligation was 円547 Mil.
Total Current Assets was 円16,887 Mil.
Total Current Liabilities was 円15,183 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.

Luckland Co's current Net Income (TTM) was 2,081. ==> 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.

Luckland Co's current Cash Flow from Operations (TTM) was 4,453. ==> 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 (Dec24)
=2081/25495
=0.08162385

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-479/27379
=-0.01749516

Luckland Co's return on assets of this year was 0.08162385. Luckland Co's return on assets of last year was -0.01749516. ==> 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.

Luckland Co's current Net Income (TTM) was 2,081. Luckland Co's current Cash Flow from Operations (TTM) was 4,453. ==> 4,453 > 2,081 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=521/27617.5
=0.01886485

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=547/26437
=0.0206907

Luckland Co's gearing of this year was 0.01886485. Luckland Co's gearing of last year was 0.0206907. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=23278/15644
=1.48798261

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=16887/15183
=1.11223078

Luckland Co's current ratio of this year was 1.48798261. Luckland Co's current ratio of last year was 1.11223078. ==> 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.

Luckland Co's number of shares in issue this year was 10.307. Luckland Co's number of shares in issue last year was 10.277. ==> 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
=9750/56574
=0.17234065

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5978/47659
=0.12543276

Luckland Co's gross margin of this year was 0.17234065. Luckland Co's gross margin of last year was 0.12543276. ==> 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 (Dec24)
=56574/25495
=2.21902334

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=47659/27379
=1.74071369

Luckland Co's asset turnover of this year was 2.21902334. Luckland Co's asset turnover of last year was 1.74071369. ==> 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+1+0+1+1
=8

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

Luckland Co has an F-score of 8. 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 8 mean?
Luckland Co (TSE:9612) has a Piotroski F-Score of 8 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Luckland Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Luckland Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Luckland Co ranks #31 out of 1730 companies in the Construction industry, placing it in the top 1.8%.
Is Luckland Co's Piotroski F-Score too high?
Luckland Co's current Piotroski F-Score of 8 is 60% 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 8.00. The Construction industry median Piotroski F-Score is 5.00. Luckland Co's value of 8 is 60% above this industry median. Based on the distribution chart, Luckland Co ranks #31 out of 1730 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Luckland Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Luckland Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Luckland Co ranks #31 out of 1730 companies for Piotroski F-Score. This places Luckland Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Luckland Co's value of 8 is 60% above this benchmark. Historically, Luckland Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Luckland 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. Luckland Co's current Piotroski F-Score of 8 is 60% 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 Luckland Co and its competitors. For the 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. Luckland Co's current Piotroski F-Score is 8, which is 60% 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 Luckland Co stock overvalued right now?
Based on GuruFocus' analysis, Luckland Co (TSE:9612) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,569.87, compared to a current price of 円1,282.00 — trading 50.1% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Construction industry median of 5.00. Luckland Co's overall GF Score™ is 69/100. 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 Luckland Co (TSE:9612), the current Piotroski F-Score is 8 as of Jul. 13, 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 Luckland Co (TSE:9612) Overvalued in 2026?

Based on GuruFocus' analysis, Luckland Co stock appears to be undervalued. The current stock price of 円1,282.00 is trading 50.1% below its estimated GF Value™ of 円2,569.87. GuruFocus considers Luckland Co to be Significantly Undervalued.

Key valuation signals for TSE:9612:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: 円2,569.87 vs. price of 円1,282.00 (50.1% below fair value)
  • GF Score™: 69/100
  • Industry Position: 60% above the Construction median (#31 of 1730)

No single metric tells the full story. See the TSE:9612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Luckland Co Business Description

Address 3-18-20 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Luckland Co Ltd is engaged in the designing, construction, and maintenance of commercial building facilities. The company specializes in food store construction. It also builds shopping malls, restaurants, theme parks, specialty stores, hotel, convenience store, and others.
69GF Score

Get the complete analysis for TSE:9612

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

円1,282.00
Price
円2,569.87
GF Value