CMECF (Computer Engineeringnsulting) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


What is Computer Engineeringnsulting Piotroski F-Score?

Computer Engineeringnsulting CMECF 80 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates CMECF with a GF Score™ of 80/100. Among 2,743 Software companies, Computer Engineeringnsulting ranks better than 78.75% 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

Computer Engineeringnsulting 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 Computer Engineeringnsulting's Piotroski F-Score or its related term are showing as below:

CMECF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Computer Engineeringnsulting was 8. The lowest was 4. And the median was 6.

Computer Engineeringnsulting  (OTCPK:CMECF) 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.


Computer Engineeringnsulting Piotroski F-Score Related Terms


Computer Engineeringnsulting Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Computer Engineeringnsulting'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.

Computer Engineeringnsulting Piotroski F-Score Chart

Computer Engineeringnsulting Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 8.00 6.00 6.00

Computer Engineeringnsulting Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 6.00 0.00

CMECF vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Computer Engineeringnsulting'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.


Computer Engineeringnsulting Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Computer Engineeringnsulting's Piotroski F-Score distribution charts can be found below:

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


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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was $33.20 Mil.
Cash Flow from Operations was $37.19 Mil.
Revenue was $420.57 Mil.
Gross Profit was $107.65 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was (336.371 + 397.126) / 2 = $366.7485 Mil.
Total Assets at the begining of this year (Jan25) was $336.37 Mil.
Long-Term Debt & Capital Lease Obligation was $0.08 Mil.
Total Current Assets was $294.99 Mil.
Total Current Liabilities was $111.08 Mil.
Net Income was $25.82 Mil.

Revenue was $359.20 Mil.
Gross Profit was $98.06 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was (351.285 + 336.371) / 2 = $343.828 Mil.
Total Assets at the begining of last year (Jan24) was $351.29 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $249.96 Mil.
Total Current Liabilities was $66.39 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.

Computer Engineeringnsulting's current Net Income (TTM) was 33.20. ==> 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.

Computer Engineeringnsulting's current Cash Flow from Operations (TTM) was 37.19. ==> 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 (Jan25)
=33.201/336.371
=0.09870351

ROA (Last Year)=Net Income/Total Assets (Jan24)
=25.818/351.285
=0.07349588

Computer Engineeringnsulting's return on assets of this year was 0.09870351. Computer Engineeringnsulting's return on assets of last year was 0.07349588. ==> 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.

Computer Engineeringnsulting's current Net Income (TTM) was 33.20. Computer Engineeringnsulting's current Cash Flow from Operations (TTM) was 37.19. ==> 37.19 > 33.20 ==> 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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=0.083/366.7485
=0.00022631

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0/343.828
=0

Computer Engineeringnsulting's gearing of this year was 0.00022631. Computer Engineeringnsulting's gearing of last year was 0. ==> 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: Jan26)=Total Current Assets/Total Current Liabilities
=294.988/111.075
=2.65575512

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=249.959/66.391
=3.76495308

Computer Engineeringnsulting's current ratio of this year was 2.65575512. Computer Engineeringnsulting's current ratio of last year was 3.76495308. ==> 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.

Computer Engineeringnsulting's number of shares in issue this year was 31.415. Computer Engineeringnsulting's number of shares in issue last year was 33.044. ==> 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
=107.647/420.567
=0.25595684

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=98.056/359.198
=0.27298593

Computer Engineeringnsulting's gross margin of this year was 0.25595684. Computer Engineeringnsulting's gross margin of last year was 0.27298593. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jan25)
=420.567/336.371
=1.25030695

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=359.198/351.285
=1.02252587

Computer Engineeringnsulting's asset turnover of this year was 1.25030695. Computer Engineeringnsulting's asset turnover of last year was 1.02252587. ==> 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+1+1+0+0+1+0+1
=6

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

Computer Engineeringnsulting 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?
Computer Engineeringnsulting (CMECF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Computer Engineeringnsulting and its competitors. This is near median its historical median of 6.00. Over the past decade, Computer Engineeringnsulting's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Computer Engineeringnsulting ranks #583 out of 2743 companies in the Software industry, placing it in the top 21.3%.
Is Computer Engineeringnsulting's Piotroski F-Score too high?
Computer Engineeringnsulting's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Computer Engineeringnsulting's value of 6 is 20% above this industry median. Based on the distribution chart, Computer Engineeringnsulting ranks #583 out of 2743 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Computer Engineeringnsulting has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Computer Engineeringnsulting's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Computer Engineeringnsulting ranks #583 out of 2743 companies for Piotroski F-Score. This places Computer Engineeringnsulting in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Computer Engineeringnsulting's value of 6 is 20% above this benchmark. Historically, Computer Engineeringnsulting'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 6.00 vs. the industry median of 5.00, Computer Engineeringnsulting 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. Computer Engineeringnsulting'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 Computer Engineeringnsulting and its competitors. For the Software 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. Computer Engineeringnsulting's current Piotroski F-Score is 6, which is near 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 Computer Engineeringnsulting stock overvalued right now?
Computer Engineeringnsulting (CMECF) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. Computer Engineeringnsulting's overall GF Score™ is 80/100. 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 Computer Engineeringnsulting (CMECF), the current Piotroski F-Score is 6 as of Jun. 26, 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.

Computer Engineeringnsulting Business Description

Other Exchanges 9692:Japan
Address 1-5-5 Ebisu Minami, Japan JR Ebisu Building, Shibuya-ku, Tokyo, JPN, 150-0022
Computer Engineering & Consulting Ltd. is a Japan-based company engaged in software development, information technology (IT) management, and verification services. The company's business segment includes: Integration Segment - offers a one-stop service for all aspects of ICT, from planning information systems to infrastructure design, construction, and operation, focusing on traditional system development. Connected Segment- provide system development in the mobility and smart factory sectors, as well as services that analyze and utilize digital data. Solution Segment - Leveraging security technology and data centers, providing products and services to diverse sectors.