THH (Tryhard Holdings) Piotroski F-Score: 5 (As of Jul. 13, 2026) — Near Median


THH Tryhard Holdings Ltd THH
15 GF Score
Price $0.28
! 2 Warning Signs
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What is Tryhard Holdings Piotroski F-Score?

Tryhard Holdings THH -1.48% 15 Piotroski F-Score is 5 as of Jul. 13, 2026, which is at its 10-year median of 5.00. GuruFocus rates THH with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 1,065 Business Services companies, Tryhard Holdings ranks better than 51.55% 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

Tryhard Holdings 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 Tryhard Holdings's Piotroski F-Score or its related term are showing as below:

THH' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 5
Current: 5

During the past 3 years, the highest Piotroski F-Score of Tryhard Holdings was 5. The lowest was 5. And the median was 5.

Tryhard Holdings  (NAS:THH) 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.


Tryhard Holdings Piotroski F-Score Related Terms


Tryhard Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tryhard 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.

Tryhard Holdings Piotroski F-Score Chart

Tryhard Holdings Annual Data
Trend Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 5.00

Tryhard Holdings Semi-Annual Data
Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 0.00 N/A 0.00 5.00 0.00

THH vs LICN, CAHO, WHLM: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Tryhard 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.


Tryhard Holdings Piotroski F-Score vs Business Services Industry

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

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


THH
15GF Score
Tryhard Holdings Ltd THH
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $0.11 Mil.
Cash Flow from Operations was $-1.37 Mil.
Revenue was $24.49 Mil.
Gross Profit was $4.85 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (21.577 + 25.429) / 2 = $23.503 Mil.
Total Assets at the begining of this year (Jun24) was $21.58 Mil.
Long-Term Debt & Capital Lease Obligation was $10.51 Mil.
Total Current Assets was $8.67 Mil.
Total Current Liabilities was $8.77 Mil.
Net Income was $0.87 Mil.

Revenue was $21.93 Mil.
Gross Profit was $4.95 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (23.05 + 21.577) / 2 = $22.3135 Mil.
Total Assets at the begining of last year (Jun23) was $23.05 Mil.
Long-Term Debt & Capital Lease Obligation was $12.27 Mil.
Total Current Assets was $5.71 Mil.
Total Current Liabilities was $6.23 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.

Tryhard Holdings's current Net Income (TTM) was 0.11. ==> 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.

Tryhard Holdings's current Cash Flow from Operations (TTM) was -1.37. ==> Negative ==> Score 0.

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)
=0.105/21.577
=0.00486629

ROA (Last Year)=Net Income/Total Assets (Jun23)
=0.87/23.05
=0.03774403

Tryhard Holdings's return on assets of this year was 0.00486629. Tryhard Holdings's return on assets of last year was 0.03774403. ==> 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.

Tryhard Holdings's current Net Income (TTM) was 0.11. Tryhard Holdings's current Cash Flow from Operations (TTM) was -1.37. ==> -1.37 <= 0.11 ==> 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
=10.505/23.503
=0.44696422

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=12.272/22.3135
=0.54998095

Tryhard Holdings's gearing of this year was 0.44696422. Tryhard Holdings's gearing of last year was 0.54998095. ==> 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
=8.67/8.774
=0.9881468

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=5.71/6.227
=0.91697447

Tryhard Holdings's current ratio of this year was 0.9881468. Tryhard Holdings's current ratio of last year was 0.91697447. ==> 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.

Tryhard Holdings's number of shares in issue this year was 50.046. Tryhard Holdings's number of shares in issue last year was 50.046. ==> 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
=4.848/24.494
=0.19792602

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.945/21.926
=0.22553133

Tryhard Holdings's gross margin of this year was 0.19792602. Tryhard Holdings's gross margin of last year was 0.22553133. ==> 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 (Jun24)
=24.494/21.577
=1.13519025

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=21.926/23.05
=0.95123644

Tryhard Holdings's asset turnover of this year was 1.13519025. Tryhard Holdings's asset turnover of last year was 0.95123644. ==> 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+0+0+0+1+1+1+0+1
=5

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

Tryhard Holdings 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?
Tryhard Holdings (THH) has a Piotroski F-Score of 5 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tryhard Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Tryhard Holdings' Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, Tryhard Holdings ranks #516 out of 1065 companies in the Business Services industry, placing it in the top 48.5%.
Is Tryhard Holdings' Piotroski F-Score too high?
Tryhard Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 5.00. The Business Services industry median Piotroski F-Score is 5.00. Tryhard Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Tryhard Holdings ranks #516 out of 1065 companies in the Business Services industry, which is above the industry midpoint. Overall, Tryhard Holdings has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Tryhard Holdings' Piotroski F-Score compare to LICN and CAHO?
According to the Business Services industry distribution chart, Tryhard Holdings ranks #516 out of 1065 companies for Piotroski F-Score. This puts Tryhard Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tryhard Holdings' value of 5 is 0% at this benchmark. Historically, Tryhard Holdings' own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tryhard Holdings 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 a Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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. Tryhard Holdings'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 Tryhard 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. Tryhard Holdings's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tryhard Holdings stock overvalued right now?
Tryhard Holdings (THH) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Business Services industry median of 5.00. Tryhard Holdings' overall GF Score™ is 15/100 with 2 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 Tryhard Holdings (THH), the current Piotroski F-Score is 5 as of Jul. 13, 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.

Tryhard Holdings Business Description

Address 2 Chome 5-19, TryHard Building, Kyutaromachi Chuo Ward, Osaka, JPN, 541-0056
Tryhard Holdings Ltd is a Japan-based lifestyle entertainment company offering services across the entertainment and hospitality sectors. Its main businesses include event curation, consultancy and management, sub-leasing of venues, and restaurant operations. The company operates through four segments, with the majority of revenue generated from consultancy and management, which provides club planning, operations, event production, entertainer bookings, and sponsorship services. The event curation segment produces both in-house and client events; the sub-leasing segment rents venues and sub-leases them to clubs; and the restaurants segment operates themed dining outlets that complement its entertainment offerings.
15GF Score

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

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