Gfoot Co (TSE:2686) Piotroski F-Score: 2 (As of Jun. 28, 2026) — 50% Below Median


TSE:2686 Gfoot Co Ltd TSE:2686
51 GF Score
Price 円297.00
GF Value 円250.92
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Gfoot Co Piotroski F-Score?

Gfoot Co TSE:2686 51 Piotroski F-Score is 2 as of Jun. 28, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates TSE:2686 with a GF Score™ of 51/100 and a GF Value™ of 円250.92 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Gfoot Co ranks worse than 96.08% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Gfoot Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

TSE:2686' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 2

During the past 13 years, the highest Piotroski F-Score of Gfoot Co was 7. The lowest was 1. And the median was 4.

Gfoot Co  (TSE:2686) 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.


Gfoot Co Piotroski F-Score Related Terms


Gfoot Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gfoot 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.

Gfoot Co Piotroski F-Score Chart

Gfoot Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 4.00 7.00 2.00

Gfoot Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 4.00 0.00 7.00 0.00 2.00

TSE:2686 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Gfoot 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.


Gfoot Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gfoot Co's Piotroski F-Score distribution charts can be found below:

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


TSE:2686
51GF Score
Gfoot Co Ltd TSE:2686
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円-3,257 Mil.
Cash Flow from Operations was 円-6,723 Mil.
Revenue was 円56,906 Mil.
Gross Profit was 円24,362 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (29725 + 32194) / 2 = 円30959.5 Mil.
Total Assets at the begining of this year (Feb25) was 円29,725 Mil.
Long-Term Debt & Capital Lease Obligation was 円168 Mil.
Total Current Assets was 円28,434 Mil.
Total Current Liabilities was 円33,389 Mil.
Net Income was 円-1,060 Mil.

Revenue was 円59,975 Mil.
Gross Profit was 円26,431 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (32643 + 29725) / 2 = 円31184 Mil.
Total Assets at the begining of last year (Feb24) was 円32,643 Mil.
Long-Term Debt & Capital Lease Obligation was 円378 Mil.
Total Current Assets was 円25,823 Mil.
Total Current Liabilities was 円27,549 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.

Gfoot Co's current Net Income (TTM) was -3,257. ==> 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.

Gfoot Co's current Cash Flow from Operations (TTM) was -6,723. ==> Negative ==> Score 0.

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 (Feb25)
=-3257/29725
=-0.10957107

ROA (Last Year)=Net Income/Total Assets (Feb24)
=-1060/32643
=-0.03247251

Gfoot Co's return on assets of this year was -0.10957107. Gfoot Co's return on assets of last year was -0.03247251. ==> 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.

Gfoot Co's current Net Income (TTM) was -3,257. Gfoot Co's current Cash Flow from Operations (TTM) was -6,723. ==> -6,723 <= -3,257 ==> CFROA <= ROA ==> Score 0.

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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=168/30959.5
=0.00542644

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=378/31184
=0.0121216

Gfoot Co's gearing of this year was 0.00542644. Gfoot Co's gearing of last year was 0.0121216. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=28434/33389
=0.85159783

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=25823/27549
=0.937348

Gfoot Co's current ratio of this year was 0.85159783. Gfoot Co's current ratio of last year was 0.937348. ==> 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.

Gfoot Co's number of shares in issue this year was 42.569. Gfoot Co's number of shares in issue last year was 42.566. ==> 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
=24362/56906
=0.42810951

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26431/59975
=0.44070029

Gfoot Co's gross margin of this year was 0.42810951. Gfoot Co's gross margin of last year was 0.44070029. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Feb25)
=56906/29725
=1.91441548

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=59975/32643
=1.83730049

Gfoot Co's asset turnover of this year was 1.91441548. Gfoot Co's asset turnover of last year was 1.83730049. ==> 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+0+0+1+0+0+0+1
=2

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

Gfoot Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Gfoot Co (TSE:2686) has a Piotroski F-Score of 2 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gfoot Co and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Gfoot Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Gfoot Co ranks #1053 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 96.1%.
Is Gfoot Co's Piotroski F-Score too high?
Gfoot Co's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Gfoot Co's value of 2 is 60% below this industry median. Based on the distribution chart, Gfoot Co ranks #1053 out of 1096 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Gfoot Co has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gfoot Co's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Gfoot Co ranks #1053 out of 1096 companies for Piotroski F-Score. This places Gfoot Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Gfoot Co's value of 2 is 60% below this benchmark. Historically, Gfoot Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Gfoot 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. Gfoot Co's current Piotroski F-Score of 2 is 60% 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 Gfoot 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. Gfoot Co's current Piotroski F-Score is 2, which is 50% below 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 Gfoot Co stock overvalued right now?
Based on GuruFocus' analysis, Gfoot Co (TSE:2686) is currently considered Modestly Overvalued. The stock's GF Value™ is 円250.92, compared to a current price of 円297.00 — trading 18.4% above its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Retail - Cyclical industry median of 5.00. Gfoot Co's overall GF Score™ is 51/100 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 Gfoot Co (TSE:2686), the current Piotroski F-Score is 2 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 Gfoot Co (TSE:2686) Overvalued in 2026?

Based on GuruFocus' analysis, Gfoot Co stock appears to be overvalued. The current stock price of 円297.00 is trading 18.4% above its estimated GF Value™ of 円250.92. GuruFocus considers Gfoot Co to be Modestly Overvalued.

Key valuation signals for TSE:2686:

  • Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
  • GF Value™: 円250.92 vs. price of 円297.00 (18.4% above fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 60% below the Retail - Cyclical median (#1053 of 1096)

No single metric tells the full story. See the TSE:2686 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gfoot Co Business Description

Other Exchanges 2686:Japan
Address 1-14-1 Shinkawa, Kokukan Building, Shinkawa East, Chuo-ku, Tokyo, JPN
Gfoot Co Ltd operates a shoe store chain. It offers sports shoes, children shoes, athletic shoes and women and men shoes. The company also provides shoe repair supplies and services. It sells its products under the brand name Asbee, Green box, heal me, Asbie Kids, and others.
51GF Score

Get the complete analysis for TSE:2686

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

円297.00
Price
円250.92
GF Value