Gaiax Co (NGO:3775) Piotroski F-Score: 5 (As of Jul. 08, 2026) — 25% Above Median


NGO:3775 Gaiax Co Ltd NGO:3775
56 GF Score
Price 円438.00
GF Value 円567.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Gaiax Co Piotroski F-Score?

Gaiax Co NGO:3775 +0.46% 56 Piotroski F-Score is 5 as of Jul. 08, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates NGO:3775 with a GF Score™ of 56/100 and a GF Value™ of 円567.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 550 Interactive Media companies, Gaiax Co ranks better than 59.82% 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

Gaiax Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

NGO:3775' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Gaiax Co was 9. The lowest was 1. And the median was 4.

Gaiax Co  (NGO:3775) 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.


Gaiax Co Piotroski F-Score Related Terms


Gaiax Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gaiax 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.

Gaiax Co Piotroski F-Score Chart

Gaiax Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 5.00 6.00 5.00

Gaiax Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 6.00 0.00 0.00 5.00 0.00

NGO:3775 vs GOOGL, META, SPOT: Piotroski F-Score Comparison

For the Internet Content & Information subindustry, Gaiax 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.


Gaiax Co Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gaiax Co's Piotroski F-Score distribution charts can be found below:

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


NGO:3775
56GF Score
Gaiax Co Ltd NGO:3775
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円219 Mil.
Cash Flow from Operations was 円311 Mil.
Revenue was 円3,499 Mil.
Gross Profit was 円2,155 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2340.265 + 2303.309) / 2 = 円2321.787 Mil.
Total Assets at the begining of this year (Dec24) was 円2,340 Mil.
Long-Term Debt & Capital Lease Obligation was 円320 Mil.
Total Current Assets was 円2,164 Mil.
Total Current Liabilities was 円615 Mil.
Net Income was 円286 Mil.

Revenue was 円3,370 Mil.
Gross Profit was 円2,182 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2008.224 + 2340.265) / 2 = 円2174.2445 Mil.
Total Assets at the begining of last year (Dec23) was 円2,008 Mil.
Long-Term Debt & Capital Lease Obligation was 円222 Mil.
Total Current Assets was 円2,173 Mil.
Total Current Liabilities was 円725 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.

Gaiax Co's current Net Income (TTM) was 219. ==> 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.

Gaiax Co's current Cash Flow from Operations (TTM) was 311. ==> 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 (Dec24)
=218.575/2340.265
=0.09339754

ROA (Last Year)=Net Income/Total Assets (Dec23)
=286.216/2008.224
=0.14252195

Gaiax Co's return on assets of this year was 0.09339754. Gaiax Co's return on assets of last year was 0.14252195. ==> 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.

Gaiax Co's current Net Income (TTM) was 219. Gaiax Co's current Cash Flow from Operations (TTM) was 311. ==> 311 > 219 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=320.13/2321.787
=0.13788087

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=221.795/2174.2445
=0.10201015

Gaiax Co's gearing of this year was 0.13788087. Gaiax Co's gearing of last year was 0.10201015. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=2164.306/615.275
=3.51762383

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2173.021/724.847
=2.99790301

Gaiax Co's current ratio of this year was 3.51762383. Gaiax Co's current ratio of last year was 2.99790301. ==> 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.

Gaiax Co's number of shares in issue this year was 5.103. Gaiax Co's number of shares in issue last year was 5.103. ==> 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
=2154.591/3498.673
=0.61583092

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2181.933/3370.449
=0.64737161

Gaiax Co's gross margin of this year was 0.61583092. Gaiax Co's gross margin of last year was 0.64737161. ==> 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 (Dec24)
=3498.673/2340.265
=1.4949901

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3370.449/2008.224
=1.67832323

Gaiax Co's asset turnover of this year was 1.4949901. Gaiax Co's asset turnover of last year was 1.67832323. ==> 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+1+0+1+1+0+0
=5

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

Gaiax Co has an F-score of 5 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 5 mean?
Gaiax Co (NGO:3775) has a Piotroski F-Score of 5 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gaiax Co and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Gaiax Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Gaiax Co ranks #221 out of 550 companies in the Interactive Media industry, placing it in the top 40.2%.
Is Gaiax Co's Piotroski F-Score too high?
Gaiax Co's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Interactive Media industry median Piotroski F-Score is 5.00. Gaiax Co's value of 5 is 0% at this industry median. Based on the distribution chart, Gaiax Co ranks #221 out of 550 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Gaiax Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaiax Co's Piotroski F-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Gaiax Co ranks #221 out of 550 companies for Piotroski F-Score. This puts Gaiax Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Gaiax Co's value of 5 is 0% at this benchmark. Historically, Gaiax Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Gaiax 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 Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Gaiax 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 Gaiax Co and its competitors. For the Interactive Media 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. Gaiax Co's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaiax Co stock overvalued right now?
Based on GuruFocus' analysis, Gaiax Co (NGO:3775) is currently considered Modestly Undervalued. The stock's GF Value™ is 円567.80, compared to a current price of 円438.00 — trading 22.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Interactive Media industry median of 5.00. Gaiax Co's overall GF Score™ is 56/100 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 Gaiax Co (NGO:3775), the current Piotroski F-Score is 5 as of Jul. 08, 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 Gaiax Co (NGO:3775) Overvalued in 2026?

Based on GuruFocus' analysis, Gaiax Co stock appears to be undervalued. The current stock price of 円438.00 is trading 22.9% below its estimated GF Value™ of 円567.80. GuruFocus considers Gaiax Co to be Modestly Undervalued.

Key valuation signals for NGO:3775:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: 円567.80 vs. price of 円438.00 (22.9% below fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 0% at the Interactive Media median (#221 of 550)

No single metric tells the full story. See the NGO:3775 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gaiax Co Business Description

Address 2-5-3 Hirakawacho Nagatacho GRID, Chiyoda-ku, Tokyo, JPN, 102-0093
Gaiax Co Ltd engages in planning, developing, and managing social community sites. The company offers Web integration services, including planning, creation, and management of online communities represented by blog and SNS sites. It invests in internal and external sharing economy services born by the penetration of social media. It provides its services like planning and construction of social media to enterprises, municipalities, educational institutions, and operation. The two reportable segments of the company are Service Business and Incubation Business.
56GF Score

Get the complete analysis for NGO:3775

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

円438.00
Price
円567.80
GF Value