Hard Off CoTSE:2674 -1.28%77 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates TSE:2674 with a GF Score™ of 77/100 and a GF Value™ of 円2,348.36 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Hard Off Co ranks worse than 87.04% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hard Off Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Hard Off Co's Piotroski F-Score or its related term are showing as below:
TSE:2674'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Hard Off Co was 8. The lowest was 3. And the median was 5.
Hard Off Co (TSE:2674) 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.
Hard Off Co Piotroski F-Score Related Terms
Hard Off Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hard Off 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:2674 vs CASY, WSM, DKS: Piotroski F-Score Comparison
For the Specialty Retail subindustry, Hard Off 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.
Hard Off Co Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hard Off Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hard Off 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.
Hard Off Co's current Net Income (TTM) was 2,519.
==> 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.
Hard Off Co's return on assets of this year was 0.09833461. Hard Off Co's return on assets of last year was 0.10017772.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hard Off Co's gearing of this year was 0.02957348. Hard Off Co's gearing of last year was 0.00564161.
==> 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
Hard Off Co's current ratio of this year was 1.89394012. Hard Off Co's current ratio of last year was 2.304332.
==> 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.
Hard Off Co's number of shares in issue this year was 13.903. Hard Off Co's number of shares in issue last year was 13.896.
==> 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.
Hard Off Co's gross margin of this year was 0.68208478. Hard Off Co's gross margin of last year was 0.68584191.
==> 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
Hard Off Co's asset turnover of this year was 1.5331947. Hard Off Co's asset turnover of last year was 1.45160738.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hard Off Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Hard Off Co (TSE:2674) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hard Off Co and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Hard Off Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Hard Off Co ranks #954 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 87%.
Is Hard Off Co's Piotroski F-Score too high?
Hard Off Co's current Piotroski F-Score of 3 is 40% below 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Hard Off Co's value of 3 is 40% below this industry median. Based on the distribution chart, Hard Off Co ranks #954 out of 1096 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hard Off Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hard Off Co's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hard Off Co ranks #954 out of 1096 companies for Piotroski F-Score. This places Hard Off Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hard Off Co's value of 3 is 40% below this benchmark. Historically, Hard Off Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hard Off Co has consistently been below 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,096 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. Hard Off Co's current Piotroski F-Score of 3 is 40% below 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 Hard Off Co and its competitors. For the Retail - Cyclical 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. Hard Off Co's current Piotroski F-Score is 3, which is 40% below 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 Hard Off Co stock overvalued right now?
Based on GuruFocus' analysis, Hard Off Co (TSE:2674) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,348.36, compared to a current price of 円2,615.00 — trading 11.4% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Retail - Cyclical industry median of 5.00. Hard Off Co's overall GF Score™ is 77/100 with 7 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 Hard Off Co (TSE:2674), the current Piotroski F-Score is 3 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 Hard Off Co (TSE:2674) Overvalued in 2026?
Based on GuruFocus' analysis, Hard Off Co stock appears to be overvalued.
The current stock price of 円2,615.00 is trading 11.4% above its estimated GF Value™ of 円2,348.36.
GuruFocus considers Hard Off Co to be Modestly Overvalued.
Key valuation signals for TSE:2674:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: 円2,348.36 vs. price of 円2,615.00 (11.4% above fair value)
Industry Position: 40% below the Retail - Cyclical median (#954 of 1096)
No single metric tells the full story. See the TSE:2674 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hard Off Corporation Co Ltd is a Japan-based company engaged in the reuse business. Its business activities include the purchase of used and unnecessary items from the customers, carry out repair, maintenance, inspection, and cleaning and sell to the customers. Products offered by the Hard Off Corporation include a personal computer, musical instruments, furniture, clothing for men; women; and children, trading cards, game, plastic model, toy, car supplies, bags and accessories, books, wine, champagne, beer, sake and shochu.
77GF Score
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