eole (TSE:2334) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


TSE:2334 eole Inc TSE:2334
62 GF Score
Price 円606.00
GF Value 円320.54
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is eole Piotroski F-Score?

eole TSE:2334 62 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:2334 with a GF Score™ of 62/100 and a GF Value™ of 円320.54 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,744 Software companies, eole 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

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

TSE:2334' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 11 years, the highest Piotroski F-Score of eole was 6. The lowest was 3. And the median was 5.

eole  (TSE:2334) 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.


eole Piotroski F-Score Related Terms


eole Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for eole'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.

eole Piotroski F-Score Chart

eole 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 6.00 6.00 5.00 4.00 5.00

eole Semi-Annual Data
Mar16 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 5.00 0.00 4.00 0.00 5.00

TSE:2334 vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, eole'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.


eole Piotroski F-Score vs Software Industry

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

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


TSE:2334
62GF Score
eole Inc TSE:2334
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-528 Mil.
Cash Flow from Operations was 円910 Mil.
Revenue was 円14,160 Mil.
Gross Profit was 円4,588 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1046.576 + 11001.112) / 2 = 円6023.844 Mil.
Total Assets at the begining of this year (Mar25) was 円1,047 Mil.
Long-Term Debt & Capital Lease Obligation was 円100 Mil.
Total Current Assets was 円9,535 Mil.
Total Current Liabilities was 円7,391 Mil.
Net Income was 円-493 Mil.

Revenue was 円3,549 Mil.
Gross Profit was 円1,020 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1336.927 + 1046.576) / 2 = 円1191.7515 Mil.
Total Assets at the begining of last year (Mar24) was 円1,337 Mil.
Long-Term Debt & Capital Lease Obligation was 円140 Mil.
Total Current Assets was 円920 Mil.
Total Current Liabilities was 円596 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.

eole's current Net Income (TTM) was -528. ==> Negative ==> Score 0.

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.

eole's current Cash Flow from Operations (TTM) was 910. ==> 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)
=-528.205/1046.576
=-0.50469818

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-493.222/1336.927
=-0.36892216

eole's return on assets of this year was -0.50469818. eole's return on assets of last year was -0.36892216. ==> 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.

eole's current Net Income (TTM) was -528. eole's current Cash Flow from Operations (TTM) was 910. ==> 910 > -528 ==> 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
=100.01/6023.844
=0.01660236

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=140.006/1191.7515
=0.11747919

eole's gearing of this year was 0.01660236. eole's gearing of last year was 0.11747919. ==> 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
=9534.65/7390.851
=1.29006119

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=920.49/596.045
=1.54432971

eole's current ratio of this year was 1.29006119. eole's current ratio of last year was 1.54432971. ==> 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.

eole's number of shares in issue this year was 34.433. eole's number of shares in issue last year was 26.456. ==> 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
=4587.745/14159.835
=0.32399707

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1020.315/3549.234
=0.28747471

eole's gross margin of this year was 0.32399707. eole's gross margin of last year was 0.28747471. ==> 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)
=14159.835/1046.576
=13.52967677

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3549.234/1336.927
=2.65477023

eole's asset turnover of this year was 13.52967677. eole's asset turnover of last year was 2.65477023. ==> 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
=0+1+0+1+1+0+0+1+1
=5

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

eole 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?
eole (TSE:2334) 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 eole and its competitors. This is near median its historical median of 5.00. Over the past decade, eole's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, eole ranks #1103 out of 2744 companies in the Software industry, placing it in the top 40.2%.
Is eole's Piotroski F-Score too high?
eole'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 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. eole's value of 5 is 0% at this industry median. Based on the distribution chart, eole ranks #1103 out of 2744 companies in the Software industry, which is above the industry midpoint. Overall, eole has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does eole's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, eole ranks #1103 out of 2744 companies for Piotroski F-Score. This puts eole in the upper half of its industry. The industry median Piotroski F-Score is 5.00. eole's value of 5 is 0% at this benchmark. Historically, eole's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, eole 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. eole'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 eole 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. eole'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 eole stock overvalued right now?
Based on GuruFocus' analysis, eole (TSE:2334) is currently considered Significantly Overvalued. The stock's GF Value™ is 円320.54, compared to a current price of 円606.00 — trading 89.1% above its estimated fair value. 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. eole's overall GF Score™ is 62/100 with 4 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 eole (TSE:2334), 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.

Is eole (TSE:2334) Overvalued in 2026?

Based on GuruFocus' analysis, eole stock appears to be overvalued. The current stock price of 円606.00 is trading 89.1% above its estimated GF Value™ of 円320.54. GuruFocus considers eole to be Significantly Overvalued.

Key valuation signals for TSE:2334:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円320.54 vs. price of 円606.00 (89.1% above fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 0% at the Software median (#1103 of 2744)

No single metric tells the full story. See the TSE:2334 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


eole Business Description

Address 6-16 Yokoyamacho, Chuo-ku, Nihonbashi, Tokyo, JPN, 103-0003
eole Inc provides contact network solutions and communication services for smartphones and computers. The company operates in business divisions including internet advertisement, development and provision of advertisement technology product, and sales promotion business. It operates jobs sites including Gakuba part-time job, Easy part-time job, and indeed job advertisement agency. It has business such as Communication Data Business, HR data Business, Web 3 Business, Pet Service Business, Travel Business.
62GF Score

Get the complete analysis for TSE:2334

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

円606.00
Price
円320.54
GF Value