Sunny Side Up Group (TSE:2180) Piotroski F-Score: 7 (As of Jul. 08, 2026) — 40% Above Median


TSE:2180 Sunny Side Up Group Inc TSE:2180
63 GF Score
Price 円1,306.00
GF Value 円709.51
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Sunny Side Up Group Piotroski F-Score?

Sunny Side Up Group TSE:2180 63 Piotroski F-Score is 7 as of Jul. 08, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSE:2180 with a GF Score™ of 63/100 and a GF Value™ of 円709.51 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,003 Media - Diversified companies, Sunny Side Up Group ranks better than 91.82% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Sunny Side Up Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:2180' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sunny Side Up Group was 8. The lowest was 2. And the median was 5.

Sunny Side Up Group  (TSE:2180) 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.


Sunny Side Up Group Piotroski F-Score Related Terms


Sunny Side Up Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sunny Side Up Group'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.

Sunny Side Up Group Piotroski F-Score Chart

Sunny Side Up Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 8.00 4.00 7.00

Sunny Side Up Group Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Jun25 Dec25 Mar26
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 4.00 0.00 7.00 0.00 0.00

TSE:2180 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Sunny Side Up Group'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.


Sunny Side Up Group Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sunny Side Up Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sunny Side Up Group's Piotroski F-Score falls into.


TSE:2180
63GF Score
Sunny Side Up Group Inc TSE:2180
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円949 Mil.
Cash Flow from Operations was 円2,187 Mil.
Revenue was 円19,587 Mil.
Gross Profit was 円4,588 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (8472.908 + 10409.778) / 2 = 円9441.343 Mil.
Total Assets at the begining of this year (Jun24) was 円8,473 Mil.
Long-Term Debt & Capital Lease Obligation was 円465 Mil.
Total Current Assets was 円8,626 Mil.
Total Current Liabilities was 円4,866 Mil.
Net Income was 円795 Mil.

Revenue was 円17,908 Mil.
Gross Profit was 円4,236 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (8595.398 + 8472.908) / 2 = 円8534.153 Mil.
Total Assets at the begining of last year (Jun23) was 円8,595 Mil.
Long-Term Debt & Capital Lease Obligation was 円592 Mil.
Total Current Assets was 円6,550 Mil.
Total Current Liabilities was 円3,362 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.

Sunny Side Up Group's current Net Income (TTM) was 949. ==> 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.

Sunny Side Up Group's current Cash Flow from Operations (TTM) was 2,187. ==> 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 (Jun24)
=948.768/8472.908
=0.11197667

ROA (Last Year)=Net Income/Total Assets (Jun23)
=795.167/8595.398
=0.09251078

Sunny Side Up Group's return on assets of this year was 0.11197667. Sunny Side Up Group's return on assets of last year was 0.09251078. ==> 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.

Sunny Side Up Group's current Net Income (TTM) was 949. Sunny Side Up Group's current Cash Flow from Operations (TTM) was 2,187. ==> 2,187 > 949 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=464.889/9441.343
=0.04923971

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=592.156/8534.153
=0.06938662

Sunny Side Up Group's gearing of this year was 0.04923971. Sunny Side Up Group's gearing of last year was 0.06938662. ==> 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
=8626.305/4865.697
=1.77288167

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=6549.627/3362.433
=1.94788327

Sunny Side Up Group's current ratio of this year was 1.77288167. Sunny Side Up Group's current ratio of last year was 1.94788327. ==> 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.

Sunny Side Up Group's number of shares in issue this year was 14.92. Sunny Side Up Group's number of shares in issue last year was 14.938. ==> 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
=4587.756/19587.229
=0.2342218

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4236.327/17908.253
=0.23655725

Sunny Side Up Group's gross margin of this year was 0.2342218. Sunny Side Up Group's gross margin of last year was 0.23655725. ==> 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)
=19587.229/8472.908
=2.3117481

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=17908.253/8595.398
=2.0834699

Sunny Side Up Group's asset turnover of this year was 2.3117481. Sunny Side Up Group's asset turnover of last year was 2.0834699. ==> 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+1+1+1+0+1+0+1
=7

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

Sunny Side Up Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Sunny Side Up Group (TSE:2180) has a Piotroski F-Score of 7 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunny Side Up Group and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Sunny Side Up Group's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Sunny Side Up Group ranks #82 out of 1003 companies in the Media - Diversified industry, placing it in the top 8.2%.
Is Sunny Side Up Group's Piotroski F-Score too high?
Sunny Side Up Group's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Sunny Side Up Group's value of 7 is 40% above this industry median. Based on the distribution chart, Sunny Side Up Group ranks #82 out of 1003 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Sunny Side Up Group has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunny Side Up Group's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Sunny Side Up Group ranks #82 out of 1003 companies for Piotroski F-Score. This places Sunny Side Up Group in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sunny Side Up Group's value of 7 is 40% above this benchmark. Historically, Sunny Side Up Group's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sunny Side Up Group has consistently been above 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,003 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. Sunny Side Up Group's current Piotroski F-Score of 7 is 40% above 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 Sunny Side Up Group and its competitors. For the Media - Diversified 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. Sunny Side Up Group's current Piotroski F-Score is 7, which is 40% above 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 Sunny Side Up Group stock overvalued right now?
Based on GuruFocus' analysis, Sunny Side Up Group (TSE:2180) is currently considered Significantly Overvalued. The stock's GF Value™ is 円709.51, compared to a current price of 円1,306.00 — trading 84.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Media - Diversified industry median of 5.00. Sunny Side Up Group's overall GF Score™ is 63/100 with 3 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 Sunny Side Up Group (TSE:2180), the current Piotroski F-Score is 7 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 Sunny Side Up Group (TSE:2180) Overvalued in 2026?

Based on GuruFocus' analysis, Sunny Side Up Group stock appears to be overvalued. The current stock price of 円1,306.00 is trading 84.1% above its estimated GF Value™ of 円709.51. GuruFocus considers Sunny Side Up Group to be Significantly Overvalued.

Key valuation signals for TSE:2180:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: 円709.51 vs. price of 円1,306.00 (84.1% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 40% above the Media - Diversified median (#82 of 1003)

No single metric tells the full story. See the TSE:2180 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunny Side Up Group Business Description

Address 4-23-5 Sendagaya, JPR Sendagaya Building, 7th Floor, Shibuya-ku, Tokyo, JPN, 151-0051
Sunny Side Up Group Inc is engaged in the public relations (PR) business in Japan. Its PR services include publicity, PR events, media relations, media training, retainer contracts, press releases, press conferences, symposium, risk management, crisis management, reputation management, and advertorials, among other services. Its segments include Brand Communication Business, Food Branding Business, and Business Development.
63GF Score

Get the complete analysis for TSE:2180

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

円1,306.00
Price
円709.51
GF Value