Kyowa Engineering Consultants Co (TSE:9647) Piotroski F-Score: 7 (As of Jul. 21, 2026) — Near Median

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TSE:9647 Kyowa Engineering Consultants Co Ltd TSE:9647
79 GF Score
Price 円6,300.00
GF Value 円5,466.16
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Kyowa Engineering Consultants Co Piotroski F-Score?

Kyowa Engineering Consultants Co TSE:9647 -4.55% 79 Piotroski F-Score is 7 as of Jul. 21, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:9647 with a GF Score™ of 79/100 and a GF Value™ of 円5,466.16 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,729 Construction companies, Kyowa Engineering Consultants Co ranks better than 89.36% 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

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

TSE:9647' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Kyowa Engineering Consultants Co was 9. The lowest was 5. And the median was 7.

Kyowa Engineering Consultants Co  (TSE:9647) 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.


Kyowa Engineering Consultants Co Piotroski F-Score Related Terms


Kyowa Engineering Consultants Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kyowa Engineering Consultants 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.

Kyowa Engineering Consultants Co Piotroski F-Score Chart

Kyowa Engineering Consultants Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 8.00 8.00 7.00 7.00

Kyowa Engineering Consultants Co Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 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 0.00 7.00 0.00 7.00 0.00

TSE:9647 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Kyowa Engineering Consultants 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.


Kyowa Engineering Consultants Co Piotroski F-Score vs Construction Industry

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

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


TSE:9647
79GF Score
Kyowa Engineering Consultants Co Ltd TSE:9647
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was 円611 Mil.
Cash Flow from Operations was 円802 Mil.
Revenue was 円8,442 Mil.
Gross Profit was 円2,193 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (7421.515 + 8348.023) / 2 = 円7884.769 Mil.
Total Assets at the begining of this year (Nov24) was 円7,422 Mil.
Long-Term Debt & Capital Lease Obligation was 円57 Mil.
Total Current Assets was 円6,811 Mil.
Total Current Liabilities was 円3,249 Mil.
Net Income was 円513 Mil.

Revenue was 円8,062 Mil.
Gross Profit was 円2,070 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (7077.123 + 7421.515) / 2 = 円7249.319 Mil.
Total Assets at the begining of last year (Nov23) was 円7,077 Mil.
Long-Term Debt & Capital Lease Obligation was 円23 Mil.
Total Current Assets was 円5,896 Mil.
Total Current Liabilities was 円2,959 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.

Kyowa Engineering Consultants Co's current Net Income (TTM) was 611. ==> 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.

Kyowa Engineering Consultants Co's current Cash Flow from Operations (TTM) was 802. ==> 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 (Nov24)
=610.898/7421.515
=0.08231446

ROA (Last Year)=Net Income/Total Assets (Nov23)
=512.79/7077.123
=0.07245741

Kyowa Engineering Consultants Co's return on assets of this year was 0.08231446. Kyowa Engineering Consultants Co's return on assets of last year was 0.07245741. ==> 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.

Kyowa Engineering Consultants Co's current Net Income (TTM) was 611. Kyowa Engineering Consultants Co's current Cash Flow from Operations (TTM) was 802. ==> 802 > 611 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=56.708/7884.769
=0.00719209

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=22.501/7249.319
=0.00310388

Kyowa Engineering Consultants Co's gearing of this year was 0.00719209. Kyowa Engineering Consultants Co's gearing of last year was 0.00310388. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=6811.362/3248.762
=2.09660234

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=5896.451/2959.291
=1.99252152

Kyowa Engineering Consultants Co's current ratio of this year was 2.09660234. Kyowa Engineering Consultants Co's current ratio of last year was 1.99252152. ==> 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.

Kyowa Engineering Consultants Co's number of shares in issue this year was 0.585. Kyowa Engineering Consultants Co's number of shares in issue last year was 0.585. ==> 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
=2192.915/8441.87
=0.2597665

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2070.492/8061.713
=0.25683028

Kyowa Engineering Consultants Co's gross margin of this year was 0.2597665. Kyowa Engineering Consultants Co's gross margin of last year was 0.25683028. ==> 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 (Nov24)
=8441.87/7421.515
=1.13748608

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=8061.713/7077.123
=1.13912292

Kyowa Engineering Consultants Co's asset turnover of this year was 1.13748608. Kyowa Engineering Consultants Co's asset turnover of last year was 1.13912292. ==> 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+1+1+0+1+1+1+0
=7

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

Kyowa Engineering Consultants 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?
Kyowa Engineering Consultants Co (TSE:9647) has a Piotroski F-Score of 7 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kyowa Engineering Consultants Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Kyowa Engineering Consultants Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Kyowa Engineering Consultants Co ranks #184 out of 1729 companies in the Construction industry, placing it in the top 10.6%.
Is Kyowa Engineering Consultants Co's Piotroski F-Score too high?
Kyowa Engineering Consultants Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. Kyowa Engineering Consultants Co's value of 7 is 40% above this industry median. Based on the distribution chart, Kyowa Engineering Consultants Co ranks #184 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kyowa Engineering Consultants Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyowa Engineering Consultants Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kyowa Engineering Consultants Co ranks #184 out of 1729 companies for Piotroski F-Score. This places Kyowa Engineering Consultants Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kyowa Engineering Consultants Co's value of 7 is 40% above this benchmark. Historically, Kyowa Engineering Consultants Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kyowa Engineering Consultants 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 1,729 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. Kyowa Engineering Consultants 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 Kyowa Engineering Consultants 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. Kyowa Engineering Consultants Co's current Piotroski F-Score is 7, which is near 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 Kyowa Engineering Consultants Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowa Engineering Consultants Co (TSE:9647) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,466.16, compared to a current price of 円6,300.00 — trading 15.3% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. Kyowa Engineering Consultants Co's overall GF Score™ is 79/100 with 1 warning sign 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 Kyowa Engineering Consultants Co (TSE:9647), the current Piotroski F-Score is 7 as of Jul. 21, 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 Kyowa Engineering Consultants Co (TSE:9647) Overvalued in 2026?

Based on GuruFocus' analysis, Kyowa Engineering Consultants Co stock appears to be overvalued. The current stock price of 円6,300.00 is trading 15.3% above its estimated GF Value™ of 円5,466.16. GuruFocus considers Kyowa Engineering Consultants Co to be Modestly Overvalued.

Key valuation signals for TSE:9647:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円5,466.16 vs. price of 円6,300.00 (15.3% above fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 40% above the Construction median (#184 of 1729)

No single metric tells the full story. See the TSE:9647 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kyowa Engineering Consultants Co Business Description

Address 62-11, Sasazuka 1-chome, Shibuya-ku, Tokyo, JPN, 151-0073
Kyowa Engineering Consultants Co Ltd provides general construction consultancy services. It offers geological surveys and engineering services for transportation, design and management services. The company offers structural design and maintenance services, including investigation, planning, design, inspection/repair technology, and construction management services for bridges, underground structures, water supply, and sewer facilities, tunnels, common grooves.
79GF Score

Get the complete analysis for TSE:9647

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

円6,300.00
Price
円5,466.16
GF Value