Kitakei Co (TSE:9872) Piotroski F-Score: 4 (As of Jul. 09, 2026) — 20% Below Median


TSE:9872 Kitakei Co Ltd TSE:9872
73 GF Score
Price 円924.00
GF Value 円832.49
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Kitakei Co Piotroski F-Score?

Kitakei Co TSE:9872 +0.98% 73 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:9872 with a GF Score™ of 73/100 and a GF Value™ of 円832.49 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,731 Construction companies, Kitakei Co ranks worse than 65.28% 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

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

TSE:9872' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Kitakei Co was 8. The lowest was 4. And the median was 5.

Kitakei Co  (TSE:9872) 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.


Kitakei Co Piotroski F-Score Related Terms


Kitakei Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kitakei 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.

Kitakei Co Piotroski F-Score Chart

Kitakei 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 5.00 4.00 8.00 5.00 4.00

Kitakei 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 5.00 0.00 4.00 0.00

TSE:9872 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Kitakei 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.


Kitakei Co Piotroski F-Score vs Construction Industry

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

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


TSE:9872
73GF Score
Kitakei Co Ltd TSE:9872
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551 Mil.
Cash Flow from Operations was 円-471 Mil.
Revenue was 円58,977 Mil.
Gross Profit was 円6,468 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (29082 + 27849) / 2 = 円28465.5 Mil.
Total Assets at the begining of this year (Nov24) was 円29,082 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円24,213 Mil.
Total Current Liabilities was 円12,729 Mil.
Net Income was 円718 Mil.

Revenue was 円61,286 Mil.
Gross Profit was 円6,591 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (29008.667 + 29082) / 2 = 円29045.3335 Mil.
Total Assets at the begining of last year (Nov23) was 円29,009 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円25,565 Mil.
Total Current Liabilities was 円14,284 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.

Kitakei Co's current Net Income (TTM) was 551. ==> 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.

Kitakei Co's current Cash Flow from Operations (TTM) was -471. ==> Negative ==> Score 0.

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)
=551/29082
=0.01894643

ROA (Last Year)=Net Income/Total Assets (Nov23)
=718/29008.667
=0.02475122

Kitakei Co's return on assets of this year was 0.01894643. Kitakei Co's return on assets of last year was 0.02475122. ==> 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.

Kitakei Co's current Net Income (TTM) was 551. Kitakei Co's current Cash Flow from Operations (TTM) was -471. ==> -471 <= 551 ==> CFROA <= ROA ==> Score 0.

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
=0/28465.5
=0

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=0/29045.3335
=0

Kitakei Co's gearing of this year was 0. Kitakei Co's gearing of last year was 0. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=24213/12729
=1.90219185

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=25565/14284
=1.78976477

Kitakei Co's current ratio of this year was 1.90219185. Kitakei Co's current ratio of last year was 1.78976477. ==> 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.

Kitakei Co's number of shares in issue this year was 9.282. Kitakei Co's number of shares in issue last year was 9.279. ==> 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
=6468/58977
=0.10966987

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6591/61286
=0.10754495

Kitakei Co's gross margin of this year was 0.10966987. Kitakei Co's gross margin of last year was 0.10754495. ==> 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)
=58977/29082
=2.02795544

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=61286/29008.667
=2.11267895

Kitakei Co's asset turnover of this year was 2.02795544. Kitakei Co's asset turnover of last year was 2.11267895. ==> 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+0+0+0+1+1+0+1+0
=4

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

Kitakei 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?
Kitakei Co (TSE:9872) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kitakei Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Kitakei Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Kitakei Co ranks #1130 out of 1731 companies in the Construction industry, placing it in the top 65.3%.
Is Kitakei Co's Piotroski F-Score too high?
Kitakei Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Kitakei Co's value of 4 is 20% below this industry median. Based on the distribution chart, Kitakei Co ranks #1130 out of 1731 companies in the Construction industry, which is below the industry midpoint. Overall, Kitakei Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitakei Co's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Kitakei Co ranks #1130 out of 1731 companies for Piotroski F-Score. This places Kitakei Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kitakei Co's value of 4 is 20% below this benchmark. Historically, Kitakei 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 5.00 vs. the industry median of 5.00, Kitakei 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 a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,731 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. Kitakei Co's current Piotroski F-Score of 4 is 20% 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 Kitakei 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. Kitakei Co's current Piotroski F-Score is 4, which is 20% below 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 Kitakei Co stock overvalued right now?
Based on GuruFocus' analysis, Kitakei Co (TSE:9872) is currently considered Modestly Overvalued. The stock's GF Value™ is 円832.49, compared to a current price of 円924.00 — trading 11% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Construction industry median of 5.00. Kitakei Co's overall GF Score™ is 73/100 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 Kitakei Co (TSE:9872), the current Piotroski F-Score is 4 as of Jul. 09, 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 Kitakei Co (TSE:9872) Overvalued in 2026?

Based on GuruFocus' analysis, Kitakei Co stock appears to be overvalued. The current stock price of 円924.00 is trading 11% above its estimated GF Value™ of 円832.49. GuruFocus considers Kitakei Co to be Modestly Overvalued.

Key valuation signals for TSE:9872:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円832.49 vs. price of 円924.00 (11% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 20% below the Construction median (#1130 of 1731)

No single metric tells the full story. See the TSE:9872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitakei Co Business Description

Address Ito Bldg. 3-6-14, Minami-Honmachi, Chuo-ku, Osaka-shi, Osaka, JPN, 541-0054
Kitakei Co Ltd is engaged in sales and sales with installation for housing materials and facility equipment. Its services include Interior: interior doors, closets, flooring materials, staircase materials; Exterior: ceramic siding, roofing materials, sash, fence, carport; Facility equipment: kitchen, bath, restroom, lavatory, air conditioner, water heater; Wood products: structure materials, wood construction materials, solid wood flooring, plywood; Metal: architectural hardware, construction tools, vibration damper; Chemical products: breathable waterproof sheets, soundproof sheets, noncombustible board, insulation materials; Private Brand products: built-in wall/ceiling storage, subsidiary building materials, curing sheet; & Overseas trading products: solid wood flooring, laminated wood.
73GF Score

Get the complete analysis for TSE:9872

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

円924.00
Price
円832.49
GF Value