Cocolive (TSE:137A) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


TSE:137A Cocolive Inc TSE:137A
21 GF Score
Price 円742.00
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What is Cocolive Piotroski F-Score?

Cocolive TSE:137A +0.13% 21 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:137A with a GF Score™ of 21/100. Among 2,744 Software companies, Cocolive ranks better than 59.8% 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

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

TSE:137A' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of Cocolive was 5. The lowest was 5. And the median was 5.

Cocolive  (TSE:137A) 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.


Cocolive Piotroski F-Score Related Terms


Cocolive Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cocolive'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.

Cocolive Piotroski F-Score Chart

Cocolive Annual Data
Trend May22 May23 May24 May25
Piotroski F-Score
N/A N/A 5.00 5.00

Cocolive Quarterly Data
May22 May23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 5.00 0.00 0.00 0.00

TSE:137A vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Cocolive'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.


Cocolive Piotroski F-Score vs Software Industry

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

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


TSE:137A
21GF Score
Cocolive Inc TSE:137A
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 (May25) TTM:Last Year (May24) TTM:
Net Income was 円209 Mil.
Cash Flow from Operations was 円221 Mil.
Revenue was 円1,302 Mil.
Gross Profit was 円739 Mil.
Average Total Assets from the begining of this year (May24)
to the end of this year (May25) was (792.194 + 1057.97) / 2 = 円925.082 Mil.
Total Assets at the begining of this year (May24) was 円792 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,020 Mil.
Total Current Liabilities was 円168 Mil.
Net Income was 円150 Mil.

Revenue was 円1,028 Mil.
Gross Profit was 円601 Mil.
Average Total Assets from the begining of last year (May23)
to the end of last year (May24) was (372.505 + 792.194) / 2 = 円582.3495 Mil.
Total Assets at the begining of last year (May23) was 円373 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円755 Mil.
Total Current Liabilities was 円129 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.

Cocolive's current Net Income (TTM) was 209. ==> 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.

Cocolive's current Cash Flow from Operations (TTM) was 221. ==> 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 (May24)
=209.17/792.194
=0.26403886

ROA (Last Year)=Net Income/Total Assets (May23)
=149.975/372.505
=0.40261205

Cocolive's return on assets of this year was 0.26403886. Cocolive's return on assets of last year was 0.40261205. ==> 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.

Cocolive's current Net Income (TTM) was 209. Cocolive's current Cash Flow from Operations (TTM) was 221. ==> 221 > 209 ==> 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: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0/925.082
=0

Gearing (Last Year: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=0/582.3495
=0

Cocolive's gearing of this year was 0. Cocolive'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: May25)=Total Current Assets/Total Current Liabilities
=1020.383/168.279
=6.06363836

Current Ratio (Last Year: May24)=Total Current Assets/Total Current Liabilities
=754.824/129.418
=5.83244989

Cocolive's current ratio of this year was 6.06363836. Cocolive's current ratio of last year was 5.83244989. ==> 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.

Cocolive's number of shares in issue this year was 3.257. Cocolive's number of shares in issue last year was 3.2. ==> 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
=738.9/1301.771
=0.56761135

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=600.967/1027.747
=0.58474216

Cocolive's gross margin of this year was 0.56761135. Cocolive's gross margin of last year was 0.58474216. ==> 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 (May24)
=1301.771/792.194
=1.64324774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May23)
=1027.747/372.505
=2.75901532

Cocolive's asset turnover of this year was 1.64324774. Cocolive's asset turnover of last year was 2.75901532. ==> 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+1+1+0+0+0
=5

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

Cocolive 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?
Cocolive (TSE:137A) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cocolive and its competitors. This is near median its historical median of 5.00. Over the past decade, Cocolive's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, Cocolive ranks #1103 out of 2744 companies in the Software industry, placing it in the top 40.2%.
Is Cocolive's Piotroski F-Score too high?
Cocolive'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 5.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. Cocolive's value of 5 is 0% at this industry median. Based on the distribution chart, Cocolive ranks #1103 out of 2744 companies in the Software industry, which is above the industry midpoint. Overall, Cocolive has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Cocolive's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Cocolive ranks #1103 out of 2744 companies for Piotroski F-Score. This puts Cocolive in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cocolive's value of 5 is 0% at this benchmark. Historically, Cocolive's 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, Cocolive 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 2,744 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. Cocolive'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 Cocolive 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. Cocolive'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 Cocolive stock overvalued right now?
Cocolive (TSE:137A) 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. Cocolive's overall GF Score™ is 21/100. 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 Cocolive (TSE:137A), the current Piotroski F-Score is 5 as of Jun. 28, 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.

Cocolive Business Description

Address TFT Awajicho Building, 1-17 Kanda-Sudacho, Chiyoda-ku, Tokyo, JPN, 101-0041
Cocolive Inc is engaged in development of marketing automation tool "KASIKA" for the real estate industry, provision to customers, and other related operations. KASIKA is a sales support tool that specializes in the housing and real estate industry, and mainly supports three areas: construction companies/house builders, sales brokerage, and condominiums.
21GF Score

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

円742.00
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