TCCPY (TechnoPro Holdings) Piotroski F-Score: 9 (As of Jun. 26, 2026) — 29% Above Median


TCCPY TechnoPro Holdings Inc TCCPY
52 GF Score
Price $5.75
GF Value $5.06
! 6 Warning Signs
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What is TechnoPro Holdings Piotroski F-Score?

TechnoPro Holdings TCCPY +1.77% 52 Piotroski F-Score is 9 as of Jun. 26, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TCCPY with a GF Score™ of 52/100 and a GF Value™ of $5.06. The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, TechnoPro Holdings ranks better than 99.91% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

TechnoPro Holdings has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TCCPY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 9

During the past 12 years, the highest Piotroski F-Score of TechnoPro Holdings was 9. The lowest was 4. And the median was 7.

TechnoPro Holdings  (OTCPK:TCCPY) 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.


TechnoPro Holdings Piotroski F-Score Related Terms


TechnoPro Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TechnoPro Holdings'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.

TechnoPro Holdings Piotroski F-Score Chart

TechnoPro Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 7.00 7.00 9.00

TechnoPro Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 7.00 7.00 7.00 9.00 9.00

TCCPY vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, TechnoPro Holdings'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.


TechnoPro Holdings Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, TechnoPro Holdings's Piotroski F-Score distribution charts can be found below:

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


TCCPY
52GF Score
TechnoPro Holdings Inc TCCPY
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 37.363 + 33.343 + 4.492 + 33.802 = $109 Mil.
Cash Flow from Operations was 82.132 + 25.943 + 0 + 23.278 = $131 Mil.
Revenue was 393.754 + 397.933 + 423.661 + 422.364 = $1,638 Mil.
Gross Profit was 110.204 + 105.141 + 116.117 + 112.665 = $444 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(979.497 + 958.701 + 1015.44 + 1019.95 + 981.152) / 5 = $990.948 Mil.
Total Assets at the begining of this year (Sep24) was $979 Mil.
Long-Term Debt & Capital Lease Obligation was $20 Mil.
Total Current Assets was $583 Mil.
Total Current Liabilities was $372 Mil.
Net Income was 31.671 + 27.493 + 12.498 + 33.437 = $105 Mil.

Revenue was 382.771 + 364.24 + 358.793 + 404.844 = $1,511 Mil.
Gross Profit was 104.208 + 94.514 + 98.739 + 108.399 = $406 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(961.223 + 1003.997 + 1031.848 + 967.002 + 979.497) / 5 = $988.7134 Mil.
Total Assets at the begining of last year (Sep23) was $961 Mil.
Long-Term Debt & Capital Lease Obligation was $77 Mil.
Total Current Assets was $529 Mil.
Total Current Liabilities was $370 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.

TechnoPro Holdings's current Net Income (TTM) was 109. ==> 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.

TechnoPro Holdings's current Cash Flow from Operations (TTM) was 131. ==> 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 (Sep24)
=109/979.497
=0.11128161

ROA (Last Year)=Net Income/Total Assets (Sep23)
=105.099/961.223
=0.10933883

TechnoPro Holdings's return on assets of this year was 0.11128161. TechnoPro Holdings's return on assets of last year was 0.10933883. ==> 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.

TechnoPro Holdings's current Net Income (TTM) was 109. TechnoPro Holdings's current Cash Flow from Operations (TTM) was 131. ==> 131 > 109 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=20.046/990.948
=0.02022911

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=76.612/988.7134
=0.07748656

TechnoPro Holdings's gearing of this year was 0.02022911. TechnoPro Holdings's gearing of last year was 0.07748656. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=583.033/371.763
=1.56829216

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=528.52/370.007
=1.42840541

TechnoPro Holdings's current ratio of this year was 1.56829216. TechnoPro Holdings's current ratio of last year was 1.42840541. ==> 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.

TechnoPro Holdings's number of shares in issue this year was 0. TechnoPro Holdings's number of shares in issue last year was 0. ==> 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
=444.127/1637.712
=0.27118749

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=405.86/1510.648
=0.26866616

TechnoPro Holdings's gross margin of this year was 0.27118749. TechnoPro Holdings's gross margin of last year was 0.26866616. ==> 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 (Sep24)
=1637.712/979.497
=1.67199287

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=1510.648/961.223
=1.57158953

TechnoPro Holdings's asset turnover of this year was 1.67199287. TechnoPro Holdings's asset turnover of last year was 1.57158953. ==> 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+1+1+1+1+1
=9

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

TechnoPro Holdings has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
TechnoPro Holdings (TCCPY) has a Piotroski F-Score of 9 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TechnoPro Holdings and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, TechnoPro Holdings' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, TechnoPro Holdings ranks #1 out of 1063 companies in the Business Services industry, placing it in the top 0.099999999999994%.
Is TechnoPro Holdings' Piotroski F-Score too high?
TechnoPro Holdings' current Piotroski F-Score of 9 is 29% above 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 9.00. The Business Services industry median Piotroski F-Score is 5.00. TechnoPro Holdings' value of 9 is 80% above this industry median. Based on the distribution chart, TechnoPro Holdings ranks #1 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, TechnoPro Holdings has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does TechnoPro Holdings' Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, TechnoPro Holdings ranks #1 out of 1063 companies for Piotroski F-Score. This places TechnoPro Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. TechnoPro Holdings' value of 9 is 80% above this benchmark. Historically, TechnoPro Holdings' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, TechnoPro Holdings 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. TechnoPro Holdings's current Piotroski F-Score of 9 is 80% 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 TechnoPro Holdings and its competitors. For the Business Services 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. TechnoPro Holdings's current Piotroski F-Score is 9, which is 29% above 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 TechnoPro Holdings stock overvalued right now?
TechnoPro Holdings (TCCPY) has a current Piotroski F-Score of 9. The stock's GF Value™ is $5.06, compared to a current price of $5.75 — trading 13.6% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Business Services industry median of 5.00. TechnoPro Holdings' overall GF Score™ is 52/100 with 6 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 TechnoPro Holdings (TCCPY), the current Piotroski F-Score is 9 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.

Is TechnoPro Holdings (TCCPY) Overvalued in 2026?

Based on GuruFocus' analysis, TechnoPro Holdings stock appears to be overvalued. The current stock price of $5.75 is trading 13.6% above its estimated GF Value™ of $5.06.

Key valuation signals for TCCPY:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: $5.06 vs. price of $5.75 (13.6% above fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 80% above the Business Services median (#1 of 1063)

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


TechnoPro Holdings Business Description

Address 6-10-1 Roppongi, 35th Floor, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6135
TechnoPro Holdings Inc provides engineering dispatch, outsourcing, and technical support services across diverse industries. The company operates through four reportable segments: the R&D Outsourcing Business, which offers engineer dispatch and contract services in areas such as machinery, electronics, IT, embedded control, and biochemistry; the Construction Management Outsourcing Business, which supplies engineers for construction supervision, quality control, and project management; the Other Domestic Business, which provides recruitment services and technical training; and the Overseas Business, which delivers technology outsourcing, engineer dispatch, and development services in markets across Asia and the UK.
52GF Score

Get the complete analysis for TCCPY

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

$5.75
Price
$5.06
GF Value