Fit Easy (TSE:212A) Piotroski F-Score: 5 (As of Jul. 20, 2026) — 29% Below Median

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TSE:212A Fit Easy Inc TSE:212A
20 GF Score
Price 円2,723.00
! 1 Warning Sign
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What is Fit Easy Piotroski F-Score?

Fit Easy TSE:212A -2.58% 20 Piotroski F-Score is 5 as of Jul. 20, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates TSE:212A with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 834 Travel & Leisure companies, Fit Easy ranks better than 52.4% 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

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

TSE:212A' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 5

During the past 4 years, the highest Piotroski F-Score of Fit Easy was 9. The lowest was 5. And the median was 7.

Fit Easy  (TSE:212A) 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.


Fit Easy Piotroski F-Score Related Terms


Fit Easy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fit Easy'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.

Fit Easy Piotroski F-Score Chart

Fit Easy Annual Data
Trend Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
N/A N/A 9.00 5.00

Fit Easy Semi-Annual Data
Oct22 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Piotroski F-Score Get a 7-Day Free Trial 0.00 9.00 0.00 5.00 0.00

TSE:212A vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Fit Easy'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.


Fit Easy Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fit Easy's Piotroski F-Score distribution charts can be found below:

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


TSE:212A
20GF Score
Fit Easy Inc TSE:212A
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was 円1,529 Mil.
Cash Flow from Operations was 円1,355 Mil.
Revenue was 円9,732 Mil.
Gross Profit was 円3,454 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (5866.878 + 10063.618) / 2 = 円7965.248 Mil.
Total Assets at the begining of this year (Oct24) was 円5,867 Mil.
Long-Term Debt & Capital Lease Obligation was 円300 Mil.
Total Current Assets was 円6,022 Mil.
Total Current Liabilities was 円2,872 Mil.
Net Income was 円1,082 Mil.

Revenue was 円6,673 Mil.
Gross Profit was 円2,333 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (4106.807 + 5866.878) / 2 = 円4986.8425 Mil.
Total Assets at the begining of last year (Oct23) was 円4,107 Mil.
Long-Term Debt & Capital Lease Obligation was 円504 Mil.
Total Current Assets was 円3,772 Mil.
Total Current Liabilities was 円1,764 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.

Fit Easy's current Net Income (TTM) was 1,529. ==> 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.

Fit Easy's current Cash Flow from Operations (TTM) was 1,355. ==> 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 (Oct24)
=1528.819/5866.878
=0.26058476

ROA (Last Year)=Net Income/Total Assets (Oct23)
=1082.123/4106.807
=0.26349497

Fit Easy's return on assets of this year was 0.26058476. Fit Easy's return on assets of last year was 0.26349497. ==> 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.

Fit Easy's current Net Income (TTM) was 1,529. Fit Easy's current Cash Flow from Operations (TTM) was 1,355. ==> 1,355 <= 1,529 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=300.065/7965.248
=0.03767177

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=504.265/4986.8425
=0.10111909

Fit Easy's gearing of this year was 0.03767177. Fit Easy's gearing of last year was 0.10111909. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=6021.501/2872.499
=2.09625869

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=3771.726/1764.288
=2.13781764

Fit Easy's current ratio of this year was 2.09625869. Fit Easy's current ratio of last year was 2.13781764. ==> 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.

Fit Easy's number of shares in issue this year was 16.393. Fit Easy's number of shares in issue last year was 15.71. ==> 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
=3453.693/9731.508
=0.35489803

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2333.02/6673.497
=0.34959482

Fit Easy's gross margin of this year was 0.35489803. Fit Easy's gross margin of last year was 0.34959482. ==> 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 (Oct24)
=9731.508/5866.878
=1.65872002

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=6673.497/4106.807
=1.62498432

Fit Easy's asset turnover of this year was 1.65872002. Fit Easy's asset turnover of last year was 1.62498432. ==> 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+0+0+1+0+0+1+1
=5

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

Fit Easy 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?
Fit Easy (TSE:212A) has a Piotroski F-Score of 5 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fit Easy and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Fit Easy's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Fit Easy ranks #397 out of 834 companies in the Travel & Leisure industry, placing it in the top 47.6%.
Is Fit Easy's Piotroski F-Score too high?
Fit Easy's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Fit Easy's value of 5 is 0% at this industry median. Based on the distribution chart, Fit Easy ranks #397 out of 834 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Fit Easy has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Fit Easy's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Fit Easy ranks #397 out of 834 companies for Piotroski F-Score. This puts Fit Easy in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Fit Easy's value of 5 is 0% at this benchmark. Historically, Fit Easy's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Fit Easy 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 834 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. Fit Easy'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 Fit Easy and its competitors. For the Travel & Leisure 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. Fit Easy's current Piotroski F-Score is 5, which is 29% below 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 Fit Easy stock overvalued right now?
Fit Easy (TSE:212A) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Travel & Leisure industry median of 5.00. Fit Easy's overall GF Score™ is 20/100 with 1 warning sign 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 Fit Easy (TSE:212A), the current Piotroski F-Score is 5 as of Jul. 20, 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.

Fit Easy Business Description

Address 3-2-1 Honmachi, Gifu Prefecture, Gifu, JPN, 500-8034
Fit Easy Inc is engaged in the Management and operation of Amusement Fitness Club.
20GF 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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