TIEMF (Tiemco) Piotroski F-Score: 3 (As of Jul. 08, 2026) — 50% Below Median


TIEMF Tiemco Ltd TIEMF
51 GF Score
Price $4.80
GF Value $2.29
! 2 Warning Signs
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What is Tiemco Piotroski F-Score?

Tiemco TIEMF -6.80% 51 Piotroski F-Score is 3 as of Jul. 08, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TIEMF with a GF Score™ of 51/100 and a GF Value™ of $2.29. The stock has 2 warning signs investors should review. Among 1,094 Retail - Cyclical companies, Tiemco ranks worse than 87.02% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Tiemco has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TIEMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Tiemco was 8. The lowest was 1. And the median was 6.

Tiemco  (OTCPK:TIEMF) 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.


Tiemco Piotroski F-Score Related Terms


Tiemco Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tiemco'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.

Tiemco Piotroski F-Score Chart

Tiemco Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 7.00 3.00 3.00

Tiemco Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 0.00 3.00 0.00 3.00

TIEMF vs CASY, WSM, DKS: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Tiemco'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.


Tiemco Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tiemco's Piotroski F-Score distribution charts can be found below:

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


TIEMF
51GF Score
Tiemco Ltd TIEMF
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was $-0.83 Mil.
Cash Flow from Operations was $-1.60 Mil.
Revenue was $20.75 Mil.
Gross Profit was $9.36 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (36.019 + 35.217) / 2 = $35.618 Mil.
Total Assets at the begining of this year (Nov24) was $36.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $23.82 Mil.
Total Current Liabilities was $5.49 Mil.
Net Income was $-0.71 Mil.

Revenue was $20.90 Mil.
Gross Profit was $9.68 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (38.429 + 36.019) / 2 = $37.224 Mil.
Total Assets at the begining of last year (Nov23) was $38.43 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $24.18 Mil.
Total Current Liabilities was $4.99 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.

Tiemco's current Net Income (TTM) was -0.83. ==> Negative ==> Score 0.

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.

Tiemco's current Cash Flow from Operations (TTM) was -1.60. ==> 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 (Nov24)
=-0.831/36.019
=-0.02307116

ROA (Last Year)=Net Income/Total Assets (Nov23)
=-0.711/38.429
=-0.01850165

Tiemco's return on assets of this year was -0.02307116. Tiemco's return on assets of last year was -0.01850165. ==> 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.

Tiemco's current Net Income (TTM) was -0.83. Tiemco's current Cash Flow from Operations (TTM) was -1.60. ==> -1.60 <= -0.83 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=0/35.618
=0

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=0/37.224
=0

Tiemco's gearing of this year was 0. Tiemco'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: Nov25)=Total Current Assets/Total Current Liabilities
=23.82/5.494
=4.33563888

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=24.18/4.993
=4.84277989

Tiemco's current ratio of this year was 4.33563888. Tiemco's current ratio of last year was 4.84277989. ==> 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.

Tiemco's number of shares in issue this year was 2.476. Tiemco's number of shares in issue last year was 2.476. ==> 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
=9.355/20.75
=0.45084337

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.675/20.896
=0.46300727

Tiemco's gross margin of this year was 0.45084337. Tiemco's gross margin of last year was 0.46300727. ==> 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 (Nov24)
=20.75/36.019
=0.57608484

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=20.896/38.429
=0.54375602

Tiemco's asset turnover of this year was 0.57608484. Tiemco's asset turnover of last year was 0.54375602. ==> 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
=0+0+0+0+1+0+1+0+1
=3

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

Tiemco has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Tiemco (TIEMF) has a Piotroski F-Score of 3 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tiemco and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Tiemco's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Tiemco ranks #952 out of 1094 companies in the Retail - Cyclical industry, placing it in the top 87%.
Is Tiemco's Piotroski F-Score too high?
Tiemco's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Tiemco's value of 3 is 40% below this industry median. Based on the distribution chart, Tiemco ranks #952 out of 1094 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tiemco has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Tiemco's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Tiemco ranks #952 out of 1094 companies for Piotroski F-Score. This places Tiemco in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Tiemco's value of 3 is 40% below this benchmark. Historically, Tiemco's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tiemco 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,094 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. Tiemco's current Piotroski F-Score of 3 is 40% 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 Tiemco and its competitors. For the Retail - Cyclical 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. Tiemco's current Piotroski F-Score is 3, which is 50% below 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 Tiemco stock overvalued right now?
Tiemco (TIEMF) has a current Piotroski F-Score of 3. The stock's GF Value™ is $2.29, compared to a current price of $4.80 — trading 109.6% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Retail - Cyclical industry median of 5.00. Tiemco's overall GF Score™ is 51/100 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 Tiemco (TIEMF), the current Piotroski F-Score is 3 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 Tiemco (TIEMF) Overvalued in 2026?

Based on GuruFocus' analysis, Tiemco stock appears to be overvalued. The current stock price of $4.80 is trading 109.6% above its estimated GF Value™ of $2.29.

Key valuation signals for TIEMF:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: $2.29 vs. price of $4.80 (109.6% above fair value)
  • GF Score™: 51/100 with 2 warning signs
  • Industry Position: 40% below the Retail - Cyclical median (#952 of 1094)

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


Tiemco Business Description

Other Exchanges 7501:Japan
Address Kikukawa 3-1-11 Sumida-ku, Kikukawa, Tokyo, JPN, 130-8555
Tiemco Ltd is a Japan-based company that engages in the planning, development, import, export, and sale of fishing tackle and outdoor products. Some of its products are a rod, reel and fly hook, tying material, accessories, and polarized glasses. The company's business is conducted under two divisions, the Fishing Division and the Outdoor Division. The company generates the majority of its revenue from the Outdoor business segment.
51GF Score

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

$4.80
Price
$2.29
GF Value