Human Holdings Co (TSE:2415) Piotroski F-Score: 8 (As of Jun. 29, 2026) — 14% Above Median


TSE:2415 Human Holdings Co Ltd TSE:2415
71 GF Score
Price 円1,590.00
GF Value 円1,601.10
Valuation Fairly Valued
! 1 Warning Sign
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What is Human Holdings Co Piotroski F-Score?

Human Holdings Co TSE:2415 -0.19% 71 Piotroski F-Score is 8 as of Jun. 29, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:2415 with a GF Score™ of 71/100 and a GF Value™ of 円1,601.10 (Fairly Valued). The stock has 1 warning sign investors should review. Among 254 Education companies, Human Holdings Co ranks better than 99.21% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Human Holdings Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:2415' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Human Holdings Co was 8. The lowest was 5. And the median was 7.

Human Holdings Co  (TSE:2415) 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.


Human Holdings Co Piotroski F-Score Related Terms


Human Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Human 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.

Human Holdings Co Piotroski F-Score Chart

Human Holdings 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 6.00 6.00 7.00 7.00 8.00

Human Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 7.00 0.00 0.00 0.00 8.00

TSE:2415 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Human 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.


Human Holdings Co Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Human Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2415
71GF Score
Human Holdings Co Ltd TSE:2415
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2,217 Mil.
Cash Flow from Operations was 円3,283 Mil.
Revenue was 円102,539 Mil.
Gross Profit was 円26,350 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (50743.779 + 52146.109) / 2 = 円51444.944 Mil.
Total Assets at the begining of this year (Mar25) was 円50,744 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,496 Mil.
Total Current Assets was 円43,532 Mil.
Total Current Liabilities was 円24,481 Mil.
Net Income was 円2,607 Mil.

Revenue was 円100,329 Mil.
Gross Profit was 円25,782 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (51183.847 + 50743.779) / 2 = 円50963.813 Mil.
Total Assets at the begining of last year (Mar24) was 円51,184 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,731 Mil.
Total Current Assets was 円41,590 Mil.
Total Current Liabilities was 円24,419 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.

Human Holdings Co's current Net Income (TTM) was 2,217. ==> 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.

Human Holdings Co's current Cash Flow from Operations (TTM) was 3,283. ==> 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)
=2216.695/50743.779
=0.04368407

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2607.053/51183.847
=0.05093507

Human Holdings Co's return on assets of this year was 0.04368407. Human Holdings Co's return on assets of last year was 0.05093507. ==> 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.

Human Holdings Co's current Net Income (TTM) was 2,217. Human Holdings Co's current Cash Flow from Operations (TTM) was 3,283. ==> 3,283 > 2,217 ==> 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
=6496.285/51444.944
=0.12627645

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=6731.405/50963.813
=0.13208205

Human Holdings Co's gearing of this year was 0.12627645. Human Holdings Co's gearing of last year was 0.13208205. ==> 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
=43532.064/24480.786
=1.77821349

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=41590.435/24418.537
=1.70323206

Human Holdings Co's current ratio of this year was 1.77821349. Human Holdings Co's current ratio of last year was 1.70323206. ==> 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.

Human Holdings Co's number of shares in issue this year was 10.378. Human Holdings Co's number of shares in issue last year was 10.378. ==> 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
=26350.274/102539.304
=0.25697731

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=25781.843/100328.796
=0.25697351

Human Holdings Co's gross margin of this year was 0.25697731. Human Holdings Co's gross margin of last year was 0.25697351. ==> 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)
=102539.304/50743.779
=2.0207266

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=100328.796/51183.847
=1.96016521

Human Holdings Co's asset turnover of this year was 2.0207266. Human Holdings Co's asset turnover of last year was 1.96016521. ==> 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+0+1+1+1+1+1+1
=8

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

Human Holdings Co has an F-score of 8. 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 8 mean?
Human Holdings Co (TSE:2415) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Human Holdings Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Human Holdings Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Human Holdings Co ranks #2 out of 254 companies in the Education industry, placing it in the top 0.8%.
Is Human Holdings Co's Piotroski F-Score too high?
Human Holdings Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Human Holdings Co's value of 8 is 60% above this industry median. Based on the distribution chart, Human Holdings Co ranks #2 out of 254 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Human Holdings Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Human Holdings Co's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Human Holdings Co ranks #2 out of 254 companies for Piotroski F-Score. This places Human Holdings Co in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Human Holdings Co's value of 8 is 60% above this benchmark. Historically, Human Holdings Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Human Holdings 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. Human Holdings Co's current Piotroski F-Score of 8 is 60% 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 Human Holdings Co and its competitors. For the Education 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. Human Holdings Co's current Piotroski F-Score is 8, which is 14% 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 Human Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Human Holdings Co (TSE:2415) is currently considered Fairly Valued. The stock's GF Value™ is 円1,601.10, compared to a current price of 円1,590.00 — trading 0.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Education industry median of 5.00. Human Holdings Co's overall GF Score™ is 71/100 with 1 warning sign 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 Human Holdings Co (TSE:2415), the current Piotroski F-Score is 8 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 Human Holdings Co (TSE:2415) Overvalued in 2026?

Based on GuruFocus' analysis, Human Holdings Co stock appears to be undervalued. The current stock price of 円1,590.00 is trading 0.7% below its estimated GF Value™ of 円1,601.10. GuruFocus considers Human Holdings Co to be Fairly Valued.

Key valuation signals for TSE:2415:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円1,601.10 vs. price of 円1,590.00 (0.7% below fair value)
  • GF Score™: 71/100 with 1 warning sign
  • Industry Position: 60% above the Education median (#2 of 254)

No single metric tells the full story. See the TSE:2415 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Human Holdings Co Business Description

Address Nishi-Shinjuku Prime Square, 1st Floor, 7-5-25 Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0023
Human Holdings Co Ltd provides human resource employment and education services. It offers Child education, Education for workers, Business training for corporations, Language global education, among others.
71GF Score

Get the complete analysis for TSE:2415

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

円1,590.00
Price
円1,601.10
GF Value