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Model Solution CoXKRX:417970 -0.09%62 Piotroski F-Score is 8 as of Aug. 16, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XKRX:417970 with a GF Score™ of 62/100. The stock has 3 warning signs investors should review. Among 2,948 Industrial Products companies, Model Solution Co ranks better than 97.76% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Model Solution Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Model Solution Co's Piotroski F-Score or its related term are showing as below:
XKRX:417970'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Model Solution Co was 8. The lowest was 1. And the median was 6.
Model Solution Co (XKRX:417970) 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.
Model Solution Co Piotroski F-Score Related Terms
Model Solution Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Model Solution 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:417970 vs CRS, ATI, MLI: Piotroski F-Score Comparison
For the Metal Fabrication subindustry, Model Solution 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.
Model Solution Co Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Model Solution Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Model Solution 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 1054.038 + 3070.603 + 2099.664 + 1965.896 = ₩8,190 Mil. Cash Flow from Operations was 987.678 + -1347.011 + 1855.205 + 3902.608 = ₩5,398 Mil. Revenue was 18418.687 + 20516.466 + 21153.718 + 18708.909 = ₩78,798 Mil. Gross Profit was 5062.206 + 6440.08 + 6442.671 + 4162.235 = ₩22,107 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(89481.004 + 90769.53 + 96320.184 + 97396.066 + 85873.179) / 5 = ₩91967.9926 Mil. Total Assets at the begining of this year (Mar25) was ₩89,481 Mil. Long-Term Debt & Capital Lease Obligation was ₩29 Mil. Total Current Assets was ₩62,885 Mil. Total Current Liabilities was ₩12,825 Mil.
Net Income was 1207.129 + 1628.811 + 1936.141 + 604.648 = ₩5,377 Mil.
Revenue was 17047.555 + 16528.636 + 18881.728 + 16413.341 = ₩68,871 Mil. Gross Profit was 3869.631 + 4687.433 + 4628.459 + 3739.587 = ₩16,925 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(84108.26 + 86001.037 + 88426.215 + 90390.294 + 89481.004) / 5 = ₩87681.362 Mil. Total Assets at the begining of last year (Mar24) was ₩84,108 Mil. Long-Term Debt & Capital Lease Obligation was ₩1,060 Mil. Total Current Assets was ₩63,124 Mil. Total Current Liabilities was ₩21,649 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.
Model Solution Co's current Net Income (TTM) was 8,190.
==> 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.
Model Solution Co's return on assets of this year was 0.09153005. Model Solution Co's return on assets of last year was 0.06392629.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Model Solution Co's gearing of this year was 0.00031606. Model Solution Co's gearing of last year was 0.01209417.
==> 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
Model Solution Co's current ratio of this year was 4.90343292. Model Solution Co's current ratio of last year was 2.91581271.
==> 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.
Model Solution Co's number of shares in issue this year was 6.397. Model Solution Co's number of shares in issue last year was 6.397.
==> 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.
Model Solution Co's gross margin of this year was 0.28055603. Model Solution Co's gross margin of last year was 0.24574997.
==> 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
Model Solution Co's asset turnover of this year was 0.88060903. Model Solution Co's asset turnover of last year was 0.81884062.
==> 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
Model Solution Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Model Solution Co (XKRX:417970) has a Piotroski F-Score of 8 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Model Solution Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Model Solution Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Model Solution Co ranks #66 out of 2948 companies in the Industrial Products industry, placing it in the top 2.2%.
Is Model Solution Co's Piotroski F-Score too high?
Model Solution Co's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Model Solution Co's value of 8 is 60% above this industry median. Based on the distribution chart, Model Solution Co ranks #66 out of 2948 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Model Solution Co has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Model Solution Co's Piotroski F-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Model Solution Co ranks #66 out of 2948 companies for Piotroski F-Score. This places Model Solution Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Model Solution Co's value of 8 is 60% above this benchmark. Historically, Model Solution Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Model Solution 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 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. Model Solution Co's current Piotroski F-Score of 8 is 60% 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 Model Solution 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. Model Solution Co's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Model Solution Co stock overvalued right now?
Model Solution Co (XKRX:417970) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Industrial Products industry median of 5.00. Model Solution Co's overall GF Score™ is 62/100 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 Model Solution Co (XKRX:417970), the current Piotroski F-Score is 8 as of Aug. 16, 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.
Model Solution Co Ltd manufactures and supports prototypes of new products that incorporate cutting-edge technologies such as IT devices, electronic products, and medical/healthcare devices through a variety of solutions including rapid prototypes, precision machining, quick-turn tooling and molding.
62GF Score
Get the complete analysis for XKRX:417970
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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