Wedge Holdings CoTSE:2388 +34.38%50 Piotroski F-Score is 5 as of Jun. 30, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates TSE:2388 with a GF Score™ of 50/100 and a GF Value™ of 円84.69 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 555 Conglomerates companies, Wedge Holdings Co ranks better than 50.99% 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
Wedge Holdings Co 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 Wedge Holdings Co's Piotroski F-Score or its related term are showing as below:
TSE:2388'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 5
During the past 13 years, the highest Piotroski F-Score of Wedge Holdings Co was 6. The lowest was 3. And the median was 4.
Wedge Holdings Co (TSE:2388) 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.
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.
Wedge Holdings Co Piotroski F-Score Related Terms
Wedge Holdings Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Wedge Holdings 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.
TSE:2388 vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, Wedge Holdings 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.
Wedge Holdings Co Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Wedge Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Wedge Holdings Co's Piotroski F-Score falls into.
* 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.
*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.
Wedge Holdings Co's current Net Income (TTM) was -226.6.
==> 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.
Wedge Holdings Co's return on assets of this year was -0.05979017. Wedge Holdings Co's return on assets of last year was -0.23352124.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Wedge Holdings Co's gearing of this year was 0.11462578. Wedge Holdings Co's gearing of last year was 0.11063581.
==> Last year is lower than this year ==> Score 0.
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
Wedge Holdings Co's current ratio of this year was 11.4754788. Wedge Holdings Co's current ratio of last year was 5.27145049.
==> 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.
Wedge Holdings Co's number of shares in issue this year was 42.455. Wedge Holdings Co's number of shares in issue last year was 42.455.
==> 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.
Wedge Holdings Co's gross margin of this year was 0.3473286. Wedge Holdings Co's gross margin of last year was 0.46119484.
==> 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
Wedge Holdings Co's asset turnover of this year was 0.21531483. Wedge Holdings Co's asset turnover of last year was 0.21320842.
==> 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
+
0
+
1
+
1
+
0
+
1
+
1
+
0
+
1
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Wedge Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Wedge Holdings Co (TSE:2388) has a Piotroski F-Score of 5 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wedge Holdings Co and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Wedge Holdings Co's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Wedge Holdings Co ranks #272 out of 555 companies in the Conglomerates industry, placing it in the top 49%.
Is Wedge Holdings Co's Piotroski F-Score too high?
Wedge Holdings Co's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Conglomerates industry median Piotroski F-Score is 5.00. Wedge Holdings Co's value of 5 is 0% at this industry median. Based on the distribution chart, Wedge Holdings Co ranks #272 out of 555 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Wedge Holdings Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wedge Holdings Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Wedge Holdings Co ranks #272 out of 555 companies for Piotroski F-Score. This puts Wedge Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Wedge Holdings Co's value of 5 is 0% at this benchmark. Historically, Wedge Holdings Co'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 4.00 vs. the industry median of 5.00, Wedge Holdings Co 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Wedge Holdings Co'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 Wedge Holdings Co and its competitors. For the Conglomerates 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. Wedge Holdings Co's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wedge Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Wedge Holdings Co (TSE:2388) is currently considered Possible Value Trap. The stock's GF Value™ is 円84.69, compared to a current price of 円43.00 — trading 49.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Conglomerates industry median of 5.00. Wedge Holdings Co's overall GF Score™ is 50/100 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 Wedge Holdings Co (TSE:2388), the current Piotroski F-Score is 5 as of Jun. 30, 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 Wedge Holdings Co (TSE:2388) Overvalued in 2026?
Based on GuruFocus' analysis, Wedge Holdings Co stock appears to be undervalued.
The current stock price of 円43.00 is trading 49.2% below its estimated GF Value™ of 円84.69.
GuruFocus considers Wedge Holdings Co to be Possible Value Trap.
Key valuation signals for TSE:2388:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: 円84.69 vs. price of 円43.00 (49.2% below fair value)
Industry Position: 0% at the Conglomerates median (#272 of 555)
No single metric tells the full story. See the TSE:2388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wedge Holdings Co Ltd through its subsidiaries is engaged in two core businesses which are Digital Finance business and Contents business. Contents business includes publishing, games, music and related media through multiple business units. It also produces audio & visual contents as well as DVD and related character products. Digital Finance business composed of motorcycle leasing activities.
50GF Score
Get the complete analysis for TSE:2388
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2388 has been successfully added to your 
