OPRO Co (TSE:228A) Piotroski F-Score: 6 (As of Jul. 18, 2026) — 14% Below Median

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TSE:228A OPRO Co Ltd TSE:228A
20 GF Score
Price 円1,651.00
! 2 Warning Signs
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What is OPRO Co Piotroski F-Score?

OPRO Co TSE:228A -1.37% 20 Piotroski F-Score is 6 as of Jul. 18, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:228A with a GF Score™ of 20/100. The stock has 2 warning signs investors should review. Among 2,737 Software companies, OPRO Co ranks better than 78.55% 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

OPRO Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:228A' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 6

During the past 4 years, the highest Piotroski F-Score of OPRO Co was 7. The lowest was 6. And the median was 7.

OPRO Co  (TSE:228A) 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.


OPRO Co Piotroski F-Score Related Terms


OPRO Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OPRO 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.

OPRO Co Piotroski F-Score Chart

OPRO Co Annual Data
Trend Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
N/A N/A 7.00 6.00

OPRO Co Quarterly Data
Nov22 Nov23 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 6.00 0.00 0.00

TSE:228A vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, OPRO 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.


OPRO Co Piotroski F-Score vs Software Industry

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

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


TSE:228A
20GF Score
OPRO Co Ltd TSE:228A
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was 円241 Mil.
Cash Flow from Operations was 円440 Mil.
Revenue was 円2,553 Mil.
Gross Profit was 円1,383 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (2294.527 + 2783.103) / 2 = 円2538.815 Mil.
Total Assets at the begining of this year (Nov24) was 円2,295 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,415 Mil.
Total Current Liabilities was 円1,458 Mil.
Net Income was 円151 Mil.

Revenue was 円2,105 Mil.
Gross Profit was 円1,038 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (1096.565 + 2294.527) / 2 = 円1695.546 Mil.
Total Assets at the begining of last year (Nov23) was 円1,097 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,994 Mil.
Total Current Liabilities was 円1,215 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.

OPRO Co's current Net Income (TTM) was 241. ==> 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.

OPRO Co's current Cash Flow from Operations (TTM) was 440. ==> 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 (Nov24)
=241.195/2294.527
=0.10511753

ROA (Last Year)=Net Income/Total Assets (Nov23)
=150.872/1096.565
=0.13758601

OPRO Co's return on assets of this year was 0.10511753. OPRO Co's return on assets of last year was 0.13758601. ==> 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.

OPRO Co's current Net Income (TTM) was 241. OPRO Co's current Cash Flow from Operations (TTM) was 440. ==> 440 > 241 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=0/2538.815
=0

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=0/1695.546
=0

OPRO Co's gearing of this year was 0. OPRO Co'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: Nov25)=Total Current Assets/Total Current Liabilities
=2414.846/1458.059
=1.65620596

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=1993.565/1215.101
=1.64065785

OPRO Co's current ratio of this year was 1.65620596. OPRO Co's current ratio of last year was 1.64065785. ==> 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.

OPRO Co's number of shares in issue this year was 2.331. OPRO Co's number of shares in issue last year was 2.285. ==> 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
=1383.203/2552.601
=0.54187983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1038.486/2104.685
=0.49341635

OPRO Co's gross margin of this year was 0.54187983. OPRO Co's gross margin of last year was 0.49341635. ==> 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 (Nov24)
=2552.601/2294.527
=1.11247373

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=2104.685/1096.565
=1.91934359

OPRO Co's asset turnover of this year was 1.11247373. OPRO Co's asset turnover of last year was 1.91934359. ==> 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+1+0
=6

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

OPRO Co has an F-score of 6 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 6 mean?
OPRO Co (TSE:228A) has a Piotroski F-Score of 6 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OPRO Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, OPRO Co's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, OPRO Co ranks #587 out of 2737 companies in the Software industry, placing it in the top 21.4%.
Is OPRO Co's Piotroski F-Score too high?
OPRO Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. OPRO Co's value of 6 is 20% above this industry median. Based on the distribution chart, OPRO Co ranks #587 out of 2737 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, OPRO Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does OPRO Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, OPRO Co ranks #587 out of 2737 companies for Piotroski F-Score. This places OPRO Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. OPRO Co's value of 6 is 20% above this benchmark. Historically, OPRO Co's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, OPRO 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,737 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. OPRO Co's current Piotroski F-Score of 6 is 20% 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 OPRO Co 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. OPRO Co's current Piotroski F-Score is 6, which is 14% 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 OPRO Co stock overvalued right now?
OPRO Co (TSE:228A) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Software industry median of 5.00. OPRO Co's overall GF Score™ is 20/100 with 2 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 OPRO Co (TSE:228A), the current Piotroski F-Score is 6 as of Jul. 18, 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.

OPRO Co Business Description

Address 2-14-1 Kyobashi, Chuo-ku, Tokyo, JPN, 104-0031
OPRO Co Ltd is engaged in cloud service business comprises data optimization solutions related to reports and sales management solutions tailored for subscription-based businesses.
20GF Score

Get the complete analysis for TSE:228A

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

円1,651.00
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