Como Co (TSE:2224) Piotroski F-Score: 9 (As of Jun. 29, 2026) — 29% Above Median


TSE:2224 Como Co Ltd TSE:2224
63 GF Score
Price 円3,655.00
GF Value 円3,016.80
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Como Co Piotroski F-Score?

Como Co TSE:2224 +0.41% 63 Piotroski F-Score is 9 as of Jun. 29, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:2224 with a GF Score™ of 63/100 and a GF Value™ of 円3,016.80 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Como Co ranks better than 99.95% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Como Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:2224' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Como Co was 9. The lowest was 4. And the median was 7.

Como Co  (TSE:2224) 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.


Como Co Piotroski F-Score Related Terms


Como Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Como Co'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.

Como Co Piotroski F-Score Chart

Como Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 4.00 9.00

Como Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.00 0.00 4.00 0.00 9.00

TSE:2224 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Como Co'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.


Como Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Como Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2224
63GF Score
Como Co Ltd TSE:2224
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円77 Mil.
Cash Flow from Operations was 円437 Mil.
Revenue was 円7,324 Mil.
Gross Profit was 円2,006 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4726.075 + 4739.041) / 2 = 円4732.558 Mil.
Total Assets at the begining of this year (Mar25) was 円4,726 Mil.
Long-Term Debt & Capital Lease Obligation was 円450 Mil.
Total Current Assets was 円1,564 Mil.
Total Current Liabilities was 円1,973 Mil.
Net Income was 円43 Mil.

Revenue was 円7,111 Mil.
Gross Profit was 円1,852 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (5314.732 + 4726.075) / 2 = 円5020.4035 Mil.
Total Assets at the begining of last year (Mar24) was 円5,315 Mil.
Long-Term Debt & Capital Lease Obligation was 円548 Mil.
Total Current Assets was 円1,528 Mil.
Total Current Liabilities was 円1,945 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.

Como Co's current Net Income (TTM) was 77. ==> 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.

Como Co's current Cash Flow from Operations (TTM) was 437. ==> 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 (Mar25)
=76.925/4726.075
=0.01627672

ROA (Last Year)=Net Income/Total Assets (Mar24)
=42.638/5314.732
=0.00802261

Como Co's return on assets of this year was 0.01627672. Como Co's return on assets of last year was 0.00802261. ==> 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.

Como Co's current Net Income (TTM) was 77. Como Co's current Cash Flow from Operations (TTM) was 437. ==> 437 > 77 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=449.589/4732.558
=0.09499915

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=548.178/5020.4035
=0.10919003

Como Co's gearing of this year was 0.09499915. Como Co's gearing of last year was 0.10919003. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1563.874/1973.478
=0.79244562

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1527.673/1945.444
=0.78525673

Como Co's current ratio of this year was 0.79244562. Como Co's current ratio of last year was 0.78525673. ==> 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.

Como Co's number of shares in issue this year was 3.474. Como Co's number of shares in issue last year was 3.474. ==> 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
=2005.834/7323.754
=0.27388058

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1852.21/7111.216
=0.26046319

Como Co's gross margin of this year was 0.27388058. Como Co's gross margin of last year was 0.26046319. ==> 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 (Mar25)
=7323.754/4726.075
=1.54964828

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7111.216/5314.732
=1.33801968

Como Co's asset turnover of this year was 1.54964828. Como Co's asset turnover of last year was 1.33801968. ==> 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+1+1+1+1
=9

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

Como Co has an F-score of 9. 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 9 mean?
Como Co (TSE:2224) has a Piotroski F-Score of 9 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Como Co and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Como Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Como Co ranks #1 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 0.099999999999994%.
Is Como Co's Piotroski F-Score too high?
Como Co's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Como Co's value of 9 is 80% above this industry median. Based on the distribution chart, Como Co ranks #1 out of 1909 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Como Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Como Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Como Co ranks #1 out of 1909 companies for Piotroski F-Score. This places Como Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Como Co's value of 9 is 80% above this benchmark. Historically, Como Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Como Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Como Co's current Piotroski F-Score of 9 is 80% 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 Como Co and its competitors. For the Consumer Packaged Goods 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. Como Co's current Piotroski F-Score is 9, which is 29% above 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 Como Co stock overvalued right now?
Based on GuruFocus' analysis, Como Co (TSE:2224) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,016.80, compared to a current price of 円3,655.00 — trading 21.2% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Consumer Packaged Goods industry median of 5.00. Como Co's overall GF Score™ is 63/100 with 5 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 Como Co (TSE:2224), the current Piotroski F-Score is 9 as of Jun. 29, 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 Como Co (TSE:2224) Overvalued in 2026?

Based on GuruFocus' analysis, Como Co stock appears to be overvalued. The current stock price of 円3,655.00 is trading 21.2% above its estimated GF Value™ of 円3,016.80. GuruFocus considers Como Co to be Modestly Overvalued.

Key valuation signals for TSE:2224:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円3,016.80 vs. price of 円3,655.00 (21.2% above fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 80% above the Consumer Packaged Goods median (#1 of 1909)

No single metric tells the full story. See the TSE:2224 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Como Co Business Description

Address 505 Shimonotsubo, Muranaka, Aichi Prefecture, Komaki, JPN, 485 0082
Como Co Ltd. is a Japanese manufacturer and seller of long-life bread and bread products. It offers croissants, Danish, waffles, and panettone through its stores, vending machines, and direct sales.
63GF Score

Get the complete analysis for TSE:2224

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

円3,655.00
Price
円3,016.80
GF Value