Kanseki Co (TSE:9903) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 14% Below Median


TSE:9903 Kanseki Co Ltd TSE:9903
62 GF Score
Price 円896.00
GF Value 円869.70
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Kanseki Co Piotroski F-Score?

Kanseki Co TSE:9903 +0.11% 62 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:9903 with a GF Score™ of 62/100 and a GF Value™ of 円869.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Kanseki Co ranks better than 73.08% 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

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

TSE:9903' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kanseki Co was 9. The lowest was 1. And the median was 7.

Kanseki Co  (TSE:9903) 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.


Kanseki Co Piotroski F-Score Related Terms


Kanseki Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kanseki 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.

Kanseki Co Piotroski F-Score Chart

Kanseki Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 1.00 7.00 6.00

Kanseki Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 1.00 0.00 7.00 0.00 6.00

TSE:9903 vs HD, LOW, FND: Piotroski F-Score Comparison

For the Home Improvement Retail subindustry, Kanseki 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.


Kanseki Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kanseki Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9903
62GF Score
Kanseki Co Ltd TSE:9903
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円308 Mil.
Cash Flow from Operations was 円783 Mil.
Revenue was 円35,978 Mil.
Gross Profit was 円10,036 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (24276.735 + 24976.912) / 2 = 円24626.8235 Mil.
Total Assets at the begining of this year (Feb25) was 円24,277 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,536 Mil.
Total Current Assets was 円8,556 Mil.
Total Current Liabilities was 円11,395 Mil.
Net Income was 円518 Mil.

Revenue was 円37,066 Mil.
Gross Profit was 円10,275 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (25495.023 + 24276.735) / 2 = 円24885.879 Mil.
Total Assets at the begining of last year (Feb24) was 円25,495 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,219 Mil.
Total Current Assets was 円8,960 Mil.
Total Current Liabilities was 円14,742 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.

Kanseki Co's current Net Income (TTM) was 308. ==> 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.

Kanseki Co's current Cash Flow from Operations (TTM) was 783. ==> 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 (Feb25)
=307.585/24276.735
=0.01266995

ROA (Last Year)=Net Income/Total Assets (Feb24)
=518.415/25495.023
=0.02033397

Kanseki Co's return on assets of this year was 0.01266995. Kanseki Co's return on assets of last year was 0.02033397. ==> 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.

Kanseki Co's current Net Income (TTM) was 308. Kanseki Co's current Cash Flow from Operations (TTM) was 783. ==> 783 > 308 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=5536/24626.8235
=0.22479554

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=2219.137/24885.879
=0.08917254

Kanseki Co's gearing of this year was 0.22479554. Kanseki Co's gearing of last year was 0.08917254. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=8555.814/11394.576
=0.75086725

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=8959.735/14742.496
=0.60774885

Kanseki Co's current ratio of this year was 0.75086725. Kanseki Co's current ratio of last year was 0.60774885. ==> 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.

Kanseki Co's number of shares in issue this year was 7.524. Kanseki Co's number of shares in issue last year was 7.51. ==> 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
=10035.86/35977.866
=0.27894539

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10275.107/37065.817
=0.27721248

Kanseki Co's gross margin of this year was 0.27894539. Kanseki Co's gross margin of last year was 0.27721248. ==> 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 (Feb25)
=35977.866/24276.735
=1.48198948

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=37065.817/25495.023
=1.45384521

Kanseki Co's asset turnover of this year was 1.48198948. Kanseki Co's asset turnover of last year was 1.45384521. ==> 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+0+1+0+1+0+1+1
=6

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

Kanseki Co has an F-score of 6 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 6 mean?
Kanseki Co (TSE:9903) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kanseki Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Kanseki Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Kanseki Co ranks #295 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 26.9%.
Is Kanseki Co's Piotroski F-Score too high?
Kanseki Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Kanseki Co's value of 6 is 20% above this industry median. Based on the distribution chart, Kanseki Co ranks #295 out of 1096 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Kanseki Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kanseki Co's Piotroski F-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Kanseki Co ranks #295 out of 1096 companies for Piotroski F-Score. This puts Kanseki Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kanseki Co's value of 6 is 20% above this benchmark. Historically, Kanseki Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kanseki 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,096 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. Kanseki Co's current Piotroski F-Score of 6 is 20% 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 Kanseki Co and its competitors. For the Retail - Cyclical 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. Kanseki Co's current Piotroski F-Score is 6, which is 14% 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 Kanseki Co stock overvalued right now?
Based on GuruFocus' analysis, Kanseki Co (TSE:9903) is currently considered Fairly Valued. The stock's GF Value™ is 円869.70, compared to a current price of 円896.00 — trading 3% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Retail - Cyclical industry median of 5.00. Kanseki Co's overall GF Score™ is 62/100 with 7 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 Kanseki Co (TSE:9903), the current Piotroski F-Score is 6 as of Jun. 28, 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 Kanseki Co (TSE:9903) Overvalued in 2026?

Based on GuruFocus' analysis, Kanseki Co stock appears to be overvalued. The current stock price of 円896.00 is trading 3% above its estimated GF Value™ of 円869.70. GuruFocus considers Kanseki Co to be Fairly Valued.

Key valuation signals for TSE:9903:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: 円869.70 vs. price of 円896.00 (3% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#295 of 1096)

No single metric tells the full story. See the TSE:9903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kanseki Co Business Description

Address 1 Chome-cho, Utsunomiya, Tochigi, JPN
Kanseki Co Ltd is engaged in managing home centers, specialty stores in Japan.
62GF Score

Get the complete analysis for TSE:9903

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

円896.00
Price
円869.70
GF Value