Geolocation Technology (FSE:4018) Piotroski F-Score: 4 (As of Jul. 14, 2026) — 43% Below Median

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FSE:4018 Geolocation Technology Inc FSE:4018
30 GF Score
Price 円988.00
! 3 Warning Signs
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What is Geolocation Technology Piotroski F-Score?

Geolocation Technology FSE:4018 -0.60% 30 Piotroski F-Score is 4 as of Jul. 14, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates FSE:4018 with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 2,740 Software companies, Geolocation Technology ranks worse than 60.33% 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

Geolocation Technology has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Geolocation Technology's Piotroski F-Score or its related term are showing as below:

FSE:4018' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 4

During the past 7 years, the highest Piotroski F-Score of Geolocation Technology was 7. The lowest was 4. And the median was 7.

Geolocation Technology  (FSE:4018) 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.


Geolocation Technology Piotroski F-Score Related Terms


Geolocation Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Geolocation Technology'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.

Geolocation Technology Piotroski F-Score Chart

Geolocation Technology Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 7.00 5.00 7.00 4.00

Geolocation Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 4.00 0.00 0.00 0.00

FSE:4018 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Geolocation Technology'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.


Geolocation Technology Piotroski F-Score vs Software Industry

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

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


FSE:4018
30GF Score
Geolocation Technology Inc FSE:4018
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円18.6 Mil.
Cash Flow from Operations was 円16.1 Mil.
Revenue was 円686.1 Mil.
Gross Profit was 円436.0 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (728.729 + 772.344) / 2 = 円750.5365 Mil.
Total Assets at the begining of this year (Jun24) was 円728.7 Mil.
Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.
Total Current Assets was 円738.2 Mil.
Total Current Liabilities was 円168.7 Mil.
Net Income was 円37.8 Mil.

Revenue was 円716.9 Mil.
Gross Profit was 円440.5 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (703.368 + 728.729) / 2 = 円716.0485 Mil.
Total Assets at the begining of last year (Jun23) was 円703.4 Mil.
Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.
Total Current Assets was 円708.0 Mil.
Total Current Liabilities was 円136.1 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.

Geolocation Technology's current Net Income (TTM) was 18.6. ==> 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.

Geolocation Technology's current Cash Flow from Operations (TTM) was 16.1. ==> 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 (Jun24)
=18.636/728.729
=0.02557329

ROA (Last Year)=Net Income/Total Assets (Jun23)
=37.817/703.368
=0.0537656

Geolocation Technology's return on assets of this year was 0.02557329. Geolocation Technology's return on assets of last year was 0.0537656. ==> 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.

Geolocation Technology's current Net Income (TTM) was 18.6. Geolocation Technology's current Cash Flow from Operations (TTM) was 16.1. ==> 16.1 <= 18.6 ==> CFROA <= ROA ==> Score 0.

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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/750.5365
=0

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/716.0485
=0

Geolocation Technology's gearing of this year was 0. Geolocation Technology's gearing of last year was 0. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=738.197/168.731
=4.37499333

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=708.029/136.068
=5.20349384

Geolocation Technology's current ratio of this year was 4.37499333. Geolocation Technology's current ratio of last year was 5.20349384. ==> 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.

Geolocation Technology's number of shares in issue this year was 1.583. Geolocation Technology's number of shares in issue last year was 1.578. ==> 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
=436.006/686.088
=0.63549574

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=440.498/716.937
=0.61441661

Geolocation Technology's gross margin of this year was 0.63549574. Geolocation Technology's gross margin of last year was 0.61441661. ==> 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 (Jun24)
=686.088/728.729
=0.94148579

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=716.937/703.368
=1.01929147

Geolocation Technology's asset turnover of this year was 0.94148579. Geolocation Technology's asset turnover of last year was 1.01929147. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+0+0+1+0
=4

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

Geolocation Technology has an F-score of 4 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 4 mean?
Geolocation Technology (FSE:4018) has a Piotroski F-Score of 4 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Geolocation Technology and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Geolocation Technology's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Geolocation Technology ranks #1653 out of 2740 companies in the Software industry, placing it in the top 60.3%.
Is Geolocation Technology's Piotroski F-Score too high?
Geolocation Technology's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Geolocation Technology's value of 4 is 20% below this industry median. Based on the distribution chart, Geolocation Technology ranks #1653 out of 2740 companies in the Software industry, which is below the industry midpoint. Overall, Geolocation Technology has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Geolocation Technology's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Geolocation Technology ranks #1653 out of 2740 companies for Piotroski F-Score. This places Geolocation Technology in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Geolocation Technology's value of 4 is 20% below this benchmark. Historically, Geolocation Technology's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Geolocation Technology has consistently been below 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 2,740 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. Geolocation Technology's current Piotroski F-Score of 4 is 20% below 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 Geolocation Technology 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. Geolocation Technology's current Piotroski F-Score is 4, which is 43% 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 Geolocation Technology stock overvalued right now?
Geolocation Technology (FSE:4018) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Software industry median of 5.00. Geolocation Technology's overall GF Score™ is 30/100 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 Geolocation Technology (FSE:4018), the current Piotroski F-Score is 4 as of Jul. 14, 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.

Geolocation Technology Business Description

Address 18-22 Ichibancho, 4th Floor Arthur First Building, Shizuoka Prefecture, Mishima, JPN, 411-0036
Geolocation Technology Inc is engaged in the development of application services based on SURFPOINT, the database of IP addresses. It is mainly involved in intellectual property geolocation business, Ad Tech business, IP address transfer business, web content production business, web marketing business, and others. The Company has two reportable segments: IP Geolocation business and IP address transfer business.
30GF Score

Get the complete analysis for FSE:4018

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

円988.00
Price