Vrain Solution (TSE:135A) Piotroski F-Score: 5 (As of Jul. 01, 2026) — Near Median


TSE:135A Vrain Solution Inc TSE:135A
22 GF Score
Price 円4,250.00
! 4 Warning Signs
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What is Vrain Solution Piotroski F-Score?

Vrain Solution TSE:135A +0.59% 22 Piotroski F-Score is 5 as of Jul. 01, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:135A with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 2,738 Software companies, Vrain Solution ranks better than 59.68% 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

Vrain Solution 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 Vrain Solution's Piotroski F-Score or its related term are showing as below:

TSE:135A' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 5 years, the highest Piotroski F-Score of Vrain Solution was 7. The lowest was 3. And the median was 5.

Vrain Solution  (TSE:135A) 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.


Vrain Solution Piotroski F-Score Related Terms


Vrain Solution Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vrain Solution'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.

Vrain Solution Piotroski F-Score Chart

Vrain Solution Annual Data
Trend Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
N/A N/A 7.00 3.00 5.00

Vrain Solution Semi-Annual Data
Feb22 Feb23 Feb24 Aug24 Feb25 Aug25 Feb26
Piotroski F-Score Get a 7-Day Free Trial 7.00 0.00 3.00 0.00 5.00

TSE:135A vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Vrain Solution'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.


Vrain Solution Piotroski F-Score vs Software Industry

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

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


TSE:135A
22GF Score
Vrain Solution Inc TSE:135A
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円652 Mil.
Cash Flow from Operations was 円-374 Mil.
Revenue was 円3,278 Mil.
Gross Profit was 円2,585 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (1873 + 3215) / 2 = 円2544 Mil.
Total Assets at the begining of this year (Feb25) was 円1,873 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,747 Mil.
Total Current Liabilities was 円1,129 Mil.
Net Income was 円425 Mil.

Revenue was 円2,144 Mil.
Gross Profit was 円1,682 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (1449.901 + 1873) / 2 = 円1661.4505 Mil.
Total Assets at the begining of last year (Feb24) was 円1,450 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,539 Mil.
Total Current Liabilities was 円451 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.

Vrain Solution's current Net Income (TTM) was 652. ==> 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.

Vrain Solution's current Cash Flow from Operations (TTM) was -374. ==> 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 (Feb25)
=652/1873
=0.34810464

ROA (Last Year)=Net Income/Total Assets (Feb24)
=425/1449.901
=0.29312346

Vrain Solution's return on assets of this year was 0.34810464. Vrain Solution's return on assets of last year was 0.29312346. ==> 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.

Vrain Solution's current Net Income (TTM) was 652. Vrain Solution's current Cash Flow from Operations (TTM) was -374. ==> -374 <= 652 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/2544
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/1661.4505
=0

Vrain Solution's gearing of this year was 0. Vrain Solution'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: Feb26)=Total Current Assets/Total Current Liabilities
=2747/1129
=2.43312666

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=1539/451
=3.41241685

Vrain Solution's current ratio of this year was 2.43312666. Vrain Solution's current ratio of last year was 3.41241685. ==> 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.

Vrain Solution's number of shares in issue this year was 10.3. Vrain Solution's number of shares in issue last year was 10.298. ==> 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
=2585/3278
=0.7885906

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1682/2144
=0.78451493

Vrain Solution's gross margin of this year was 0.7885906. Vrain Solution's gross margin of last year was 0.78451493. ==> 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 (Feb25)
=3278/1873
=1.75013348

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=2144/1449.901
=1.47872165

Vrain Solution's asset turnover of this year was 1.75013348. Vrain Solution's asset turnover of last year was 1.47872165. ==> 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+1+0+1+0+0+1+1
=5

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

Vrain Solution 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?
Vrain Solution (TSE:135A) has a Piotroski F-Score of 5 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vrain Solution and its competitors. This is near median its historical median of 5.00. Over the past decade, Vrain Solution's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Vrain Solution ranks #1104 out of 2738 companies in the Software industry, placing it in the top 40.3%.
Is Vrain Solution's Piotroski F-Score too high?
Vrain Solution's 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 3.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Vrain Solution's value of 5 is 0% at this industry median. Based on the distribution chart, Vrain Solution ranks #1104 out of 2738 companies in the Software industry, which is above the industry midpoint. Overall, Vrain Solution has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Vrain Solution's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Vrain Solution ranks #1104 out of 2738 companies for Piotroski F-Score. This puts Vrain Solution in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Vrain Solution's value of 5 is 0% at this benchmark. Historically, Vrain Solution's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Vrain Solution 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,738 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. Vrain Solution'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 Vrain Solution 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. Vrain Solution'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 Vrain Solution stock overvalued right now?
Vrain Solution (TSE:135A) 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 Software industry median of 5.00. Vrain Solution's overall GF Score™ is 22/100 with 4 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 Vrain Solution (TSE:135A), the current Piotroski F-Score is 5 as of Jul. 01, 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.

Vrain Solution Business Description

Address 17Floor Harumi Island Triton Square Office, Tower Y, 1-8-11 Harumi, Chuo-ku, Tokyo, JPN, 104-6117
Vrain Solution Inc is engaged in providing AI solutions for the manufacturing industry. It provides AI visual inspection, AI vibration inspection, AI abnormal sound inspection, production planning optimization and Safety management.
22GF Score

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円4,250.00
Price