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Soosan Industries Co (XKRX:126720) 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.
Soosan Industries Co Piotroski F-Score Related Terms
Soosan Industries Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Soosan Industries 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.
XKRX:126720 vs GEV, ETN, PH: Piotroski F-Score Comparison
For the Specialty Industrial Machinery subindustry, Soosan Industries 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.
Soosan Industries Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Soosan Industries Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Soosan Industries 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 5485.959 + 12643.751 + 21377.779 + 22936.718 = ₩62,444 Mil. Cash Flow from Operations was 8058.371 + 8060.001 + -563.105 + 24532.363 = ₩40,088 Mil. Revenue was 86152.556 + 81076.019 + 91159.561 + 85676.185 = ₩344,064 Mil. Gross Profit was 16684.846 + 16307.962 + 20909.585 + 20861.721 = ₩74,764 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(629732.464 + 621648.698 + 646636.966 + 671764.508 + 705137.96) / 5 = ₩654984.1192 Mil. Total Assets at the begining of this year (Mar25) was ₩629,732 Mil. Long-Term Debt & Capital Lease Obligation was ₩31,495 Mil. Total Current Assets was ₩380,120 Mil. Total Current Liabilities was ₩92,097 Mil.
Net Income was 17380.773 + 3495.157 + 8940.742 + 9396.705 = ₩39,213 Mil.
Revenue was 99996.821 + 66490.286 + 78148.43 + 79267.06 = ₩323,903 Mil. Gross Profit was 27398.903 + 8514.396 + 18310.943 + 16949.339 = ₩71,174 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(612403.259 + 628082.963 + 610130.414 + 623807.791 + 629732.464) / 5 = ₩620831.3782 Mil. Total Assets at the begining of last year (Mar24) was ₩612,403 Mil. Long-Term Debt & Capital Lease Obligation was ₩30,688 Mil. Total Current Assets was ₩343,363 Mil. Total Current Liabilities was ₩67,723 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.
Soosan Industries Co's current Net Income (TTM) was 62,444.
==> 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.
Soosan Industries Co's current Cash Flow from Operations (TTM) was 40,088.
==> 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.
Soosan Industries Co's return on assets of this year was 0.0991599. Soosan Industries Co's return on assets of last year was 0.06403195.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Soosan Industries Co's gearing of this year was 0.04808589. Soosan Industries Co's gearing of last year was 0.04943069.
==> 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
Soosan Industries Co's current ratio of this year was 4.12738066. Soosan Industries Co's current ratio of last year was 5.07012544.
==> 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.
Soosan Industries Co's number of shares in issue this year was 14.074. Soosan Industries Co's number of shares in issue last year was 14.067.
==> 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.
Soosan Industries Co's gross margin of this year was 0.21729691. Soosan Industries Co's gross margin of last year was 0.21973761.
==> Last year's gross margin is higher ==> Score 0.
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
Soosan Industries Co's asset turnover of this year was 0.54636586. Soosan Industries Co's asset turnover of last year was 0.5289041.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Soosan Industries Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Soosan Industries Co (XKRX:126720) has a Piotroski F-Score of 5 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Soosan Industries Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Soosan Industries Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Soosan Industries Co ranks #1285 out of 2948 companies in the Industrial Products industry, placing it in the top 43.6%.
Is Soosan Industries Co's Piotroski F-Score too high?
Soosan Industries Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Soosan Industries Co's value of 5 is 0% at this industry median. Based on the distribution chart, Soosan Industries Co ranks #1285 out of 2948 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Soosan Industries Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Soosan Industries Co's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Soosan Industries Co ranks #1285 out of 2948 companies for Piotroski F-Score. This puts Soosan Industries Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Soosan Industries Co's value of 5 is 0% at this benchmark. Historically, Soosan Industries Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Soosan Industries 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,948 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. Soosan Industries Co's current Piotroski F-Score of 5 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 Soosan Industries Co and its competitors. For the Industrial Products 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. Soosan Industries Co's current Piotroski F-Score is 5, which is near 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 Soosan Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Soosan Industries Co (XKRX:126720) is currently considered Fairly Valued. The stock's GF Value™ is ₩23,402.39, compared to a current price of ₩22,800.00 — trading 2.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Industrial Products industry median of 5.00. Soosan Industries Co's overall GF Score™ is 84/100 with 2 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 Soosan Industries Co (XKRX:126720), the current Piotroski F-Score is 5 as of Aug. 17, 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 Soosan Industries Co (XKRX:126720) Overvalued in 2026?
Based on GuruFocus' analysis, Soosan Industries Co stock appears to be undervalued.
The current stock price of ₩22,800.00 is trading 2.6% below its estimated GF Value™ of ₩23,402.39.
GuruFocus considers Soosan Industries Co to be Fairly Valued.
Key valuation signals for XKRX:126720:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ₩23,402.39 vs. price of ₩22,800.00 (2.6% below fair value)
Industry Position: 0% at the Industrial Products median (#1285 of 2948)
No single metric tells the full story. See the XKRX:126720 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soosan Industries Co Ltd is a plant facilities and maintenance company that provides maintenance services for nuclear, thermal, new generation, electric work, plant construction, and related power generation facilities. The company provides services in various forms such as routine maintenance work, planned preventive maintenance work, and other construction work. Along with its subsidiaries, the company is also engaged in manufacturing and supplying MMIS, providing measurement and control services, and operating a solar power generation business. Its reportable segments are; Thermal and nuclear power plant maintenance business division, which generates a majority of the company's revenue, and the Solar power generation business division.
84GF Score
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