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Katongyo CoTSE:9869 -3.48%86 Piotroski F-Score is 6 as of Aug. 01, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:9869 with a GF Score™ of 86/100 and a GF Value™ of 円5,567.58 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 299 Retail - Defensive companies, Katongyo Co ranks better than 70.23% 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
Katongyo Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Katongyo Co's Piotroski F-Score or its related term are showing as below:
TSE:9869'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Katongyo Co was 7. The lowest was 3. And the median was 5.
Katongyo Co (TSE:9869) 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.
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.
Katongyo Co Piotroski F-Score Related Terms
Katongyo Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Katongyo 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.
TSE:9869 vs SYY, USFD, PFGC: Piotroski F-Score Comparison
For the Food Distribution subindustry, Katongyo 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.
Katongyo Co Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Katongyo Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Katongyo Co's Piotroski F-Score falls into.
* 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.
*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.
Katongyo Co's current Net Income (TTM) was 14,889.
==> 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.
Katongyo Co's return on assets of this year was 0.03293903. Katongyo Co's return on assets of last year was 0.03089914.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Katongyo Co's gearing of this year was 0.01633291. Katongyo Co's gearing of last year was 0.01617995.
==> 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
Katongyo Co's current ratio of this year was 1.14413225. Katongyo Co's current ratio of last year was 1.1643239.
==> 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.
Katongyo Co's number of shares in issue this year was 30.53. Katongyo Co's number of shares in issue last year was 31.156.
==> 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.
Katongyo Co's gross margin of this year was 0.07319725. Katongyo Co's gross margin of last year was 0.07193649.
==> 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
Katongyo Co's asset turnover of this year was 2.72296175. Katongyo Co's asset turnover of last year was 2.63272478.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Katongyo Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Katongyo Co (TSE:9869) has a Piotroski F-Score of 6 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Katongyo Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Katongyo Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Katongyo Co ranks #89 out of 299 companies in the Retail - Defensive industry, placing it in the top 29.8%.
Is Katongyo Co's Piotroski F-Score too high?
Katongyo Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Katongyo Co's value of 6 is 0% at this industry median. Based on the distribution chart, Katongyo Co ranks #89 out of 299 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Katongyo Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Katongyo Co's Piotroski F-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Katongyo Co ranks #89 out of 299 companies for Piotroski F-Score. This puts Katongyo Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Katongyo Co's value of 6 is 0% at this benchmark. Historically, Katongyo Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Katongyo Co has consistently been at 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 299 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. Katongyo Co's current Piotroski F-Score of 6 is 0% at 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 Katongyo Co and its competitors. For the Retail - Defensive 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. Katongyo Co's current Piotroski F-Score is 6, which is 20% 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 Katongyo Co stock overvalued right now?
Based on GuruFocus' analysis, Katongyo Co (TSE:9869) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,567.58, compared to a current price of 円6,370.00 — trading 14.4% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Retail - Defensive industry median of 6.00. Katongyo Co's overall GF Score™ is 86/100 with 3 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 Katongyo Co (TSE:9869), the current Piotroski F-Score is 6 as of Aug. 01, 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 Katongyo Co (TSE:9869) Overvalued in 2026?
Based on GuruFocus' analysis, Katongyo Co stock appears to be overvalued.
The current stock price of 円6,370.00 is trading 14.4% above its estimated GF Value™ of 円5,567.58.
GuruFocus considers Katongyo Co to be Modestly Overvalued.
Key valuation signals for TSE:9869:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: 円5,567.58 vs. price of 円6,370.00 (14.4% above fair value)
Industry Position: 0% at the Retail - Defensive median (#89 of 299)
No single metric tells the full story. See the TSE:9869 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kato Sangyo Co Ltd is a food wholesale company that handles processed foods. The company is mainly located in Japan. The company segments its operations into room temperature distribution, low temperature distribution, alcoholic beverage distribution, and other. The room temperature distribution segment involves wholesale processed foods and confections. The low temperature distribution segment engages in wholesale low-temperature foods and agricultural products. The alcoholic beverage distribution segment operates in wholesale alcoholic beverages. The other segment relates to the company's logistics business and insurance agency business.
86GF Score
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