Shokubun Co (TSE:9969) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 20% Above Median


TSE:9969 Shokubun Co Ltd TSE:9969
53 GF Score
Price 円232.00
GF Value 円238.72
Valuation Fairly Valued
! 6 Warning Signs
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What is Shokubun Co Piotroski F-Score?

Shokubun Co TSE:9969 53 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:9969 with a GF Score™ of 53/100 and a GF Value™ of 円238.72 (Fairly Valued). The stock has 6 warning signs investors should review. Among 357 Restaurants companies, Shokubun Co ranks better than 73.95% 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

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

TSE:9969' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Shokubun Co was 9. The lowest was 3. And the median was 5.

Shokubun Co  (TSE:9969) 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.


Shokubun Co Piotroski F-Score Related Terms


Shokubun Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shokubun 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.

Shokubun Co Piotroski F-Score Chart

Shokubun Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 4.00 4.00 6.00

Shokubun Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 4.00 0.00 6.00

TSE:9969 vs MCD, SBUX, CMG: Piotroski F-Score Comparison

For the Restaurants subindustry, Shokubun 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.


Shokubun Co Piotroski F-Score vs Restaurants Industry

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

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


TSE:9969
53GF Score
Shokubun Co Ltd TSE:9969
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円-32 Mil.
Cash Flow from Operations was 円-27 Mil.
Revenue was 円6,008 Mil.
Gross Profit was 円2,309 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (5209.6 + 4397.548) / 2 = 円4803.574 Mil.
Total Assets at the begining of this year (Mar25) was 円5,210 Mil.
Long-Term Debt & Capital Lease Obligation was 円214 Mil.
Total Current Assets was 円1,042 Mil.
Total Current Liabilities was 円1,691 Mil.
Net Income was 円-70 Mil.

Revenue was 円6,061 Mil.
Gross Profit was 円2,257 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5534.829 + 5209.6) / 2 = 円5372.2145 Mil.
Total Assets at the begining of last year (Mar24) was 円5,535 Mil.
Long-Term Debt & Capital Lease Obligation was 円800 Mil.
Total Current Assets was 円1,765 Mil.
Total Current Liabilities was 円1,819 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.

Shokubun Co's current Net Income (TTM) was -32. ==> Negative ==> Score 0.

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.

Shokubun Co's current Cash Flow from Operations (TTM) was -27. ==> 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 (Mar25)
=-32.466/5209.6
=-0.00623196

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-69.953/5534.829
=-0.01263869

Shokubun Co's return on assets of this year was -0.00623196. Shokubun Co's return on assets of last year was -0.01263869. ==> 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.

Shokubun Co's current Net Income (TTM) was -32. Shokubun Co's current Cash Flow from Operations (TTM) was -27. ==> -27 > -32 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=214.121/4803.574
=0.04457535

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=800.142/5372.2145
=0.14894081

Shokubun Co's gearing of this year was 0.04457535. Shokubun Co's gearing of last year was 0.14894081. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1041.917/1690.857
=0.61620646

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1765.253/1819.252
=0.97031802

Shokubun Co's current ratio of this year was 0.61620646. Shokubun Co's current ratio of last year was 0.97031802. ==> 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.

Shokubun Co's number of shares in issue this year was 15.338. Shokubun Co's number of shares in issue last year was 15.338. ==> 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
=2309.379/6008.331
=0.38436281

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2257.317/6060.731
=0.37244963

Shokubun Co's gross margin of this year was 0.38436281. Shokubun Co's gross margin of last year was 0.37244963. ==> 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 (Mar25)
=6008.331/5209.6
=1.15331906

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6060.731/5534.829
=1.09501685

Shokubun Co's asset turnover of this year was 1.15331906. Shokubun Co's asset turnover of last year was 1.09501685. ==> 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
=0+0+1+1+1+0+1+1+1
=6

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

Shokubun 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?
Shokubun Co (TSE:9969) 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 Shokubun Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Shokubun Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Shokubun Co ranks #93 out of 357 companies in the Restaurants industry, placing it in the top 26.1%.
Is Shokubun Co's Piotroski F-Score too high?
Shokubun 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 9.00. The Restaurants industry median Piotroski F-Score is 5.00. Shokubun Co's value of 6 is 20% above this industry median. Based on the distribution chart, Shokubun Co ranks #93 out of 357 companies in the Restaurants industry, which is above the industry midpoint. Overall, Shokubun Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shokubun Co's Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Shokubun Co ranks #93 out of 357 companies for Piotroski F-Score. This puts Shokubun Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shokubun Co's value of 6 is 20% above this benchmark. Historically, Shokubun Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shokubun 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. Shokubun 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 Shokubun Co and its competitors. For the Restaurants 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. Shokubun 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 Shokubun Co stock overvalued right now?
Based on GuruFocus' analysis, Shokubun Co (TSE:9969) is currently considered Fairly Valued. The stock's GF Value™ is 円238.72, compared to a current price of 円232.00 — trading 2.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Restaurants industry median of 5.00. Shokubun Co's overall GF Score™ is 53/100 with 6 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 Shokubun Co (TSE:9969), 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 Shokubun Co (TSE:9969) Overvalued in 2026?

Based on GuruFocus' analysis, Shokubun Co stock appears to be undervalued. The current stock price of 円232.00 is trading 2.8% below its estimated GF Value™ of 円238.72. GuruFocus considers Shokubun Co to be Fairly Valued.

Key valuation signals for TSE:9969:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円238.72 vs. price of 円232.00 (2.8% below fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 20% above the Restaurants median (#93 of 357)

No single metric tells the full story. See the TSE:9969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shokubun Co Business Description

Address 1807 3-chome Takadai 3 Moriyama-ku, Nagoya, JPN, 463-8536
Shokubun Co Ltd is a Japan-based company mainly engaged in the delivery of home-use comprehensive food, commercial grocery sales, and consultation management of business meals. It offers various services including menu planning, product development, purchasing business, quality management, delivery of household foodstuffs, balanced nutrition box lunch delivery, and sale of souvenir dishes, gift planning, and tailored dishes according to the season.
53GF Score

Get the complete analysis for TSE:9969

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

円232.00
Price
円238.72
GF Value