GLC Group (TSE:2970) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 50% Above Median


TSE:2970 GLC Group Inc TSE:2970
89 GF Score
Price 円1,143.00
GF Value 円1,240.51
Valuation Fairly Valued
! 5 Warning Signs
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What is GLC Group Piotroski F-Score?

GLC Group TSE:2970 -1.47% 89 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates TSE:2970 with a GF Score™ of 89/100 and a GF Value™ of 円1,240.51 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,759 Real Estate companies, GLC Group ranks better than 79.87% 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

GLC Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:2970' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 6

During the past 10 years, the highest Piotroski F-Score of GLC Group was 7. The lowest was 2. And the median was 4.

GLC Group  (TSE:2970) 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.


GLC Group Piotroski F-Score Related Terms


GLC Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for GLC Group'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.

GLC Group Piotroski F-Score Chart

GLC Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 3.00 3.00 6.00

GLC Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 3.00 0.00 0.00 6.00 0.00

TSE:2970 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, GLC Group'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.


GLC Group Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, GLC Group's Piotroski F-Score distribution charts can be found below:

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


TSE:2970
89GF Score
GLC Group Inc TSE:2970
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円1,652 Mil.
Cash Flow from Operations was 円1,739 Mil.
Revenue was 円24,505 Mil.
Gross Profit was 円3,973 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (19019 + 19023) / 2 = 円19021 Mil.
Total Assets at the begining of this year (Dec24) was 円19,019 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,187 Mil.
Total Current Assets was 円15,656 Mil.
Total Current Liabilities was 円7,980 Mil.
Net Income was 円1,000 Mil.

Revenue was 円17,126 Mil.
Gross Profit was 円2,547 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (9361 + 19019) / 2 = 円14190 Mil.
Total Assets at the begining of last year (Dec23) was 円9,361 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,477 Mil.
Total Current Assets was 円16,096 Mil.
Total Current Liabilities was 円10,109 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.

GLC Group's current Net Income (TTM) was 1,652. ==> 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.

GLC Group's current Cash Flow from Operations (TTM) was 1,739. ==> 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 (Dec24)
=1652/19019
=0.08686051

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1000/9361
=0.10682619

GLC Group's return on assets of this year was 0.08686051. GLC Group's return on assets of last year was 0.10682619. ==> 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.

GLC Group's current Net Income (TTM) was 1,652. GLC Group's current Cash Flow from Operations (TTM) was 1,739. ==> 1,739 > 1,652 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=5187/19021
=0.2726986

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4477/14190
=0.31550388

GLC Group's gearing of this year was 0.2726986. GLC Group's gearing of last year was 0.31550388. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=15656/7980
=1.96190476

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=16096/10109
=1.59224453

GLC Group's current ratio of this year was 1.96190476. GLC Group's current ratio of last year was 1.59224453. ==> 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.

GLC Group's number of shares in issue this year was 17.286. GLC Group's number of shares in issue last year was 17.15. ==> 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
=3973/24505
=0.16213018

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2547/17126
=0.14872124

GLC Group's gross margin of this year was 0.16213018. GLC Group's gross margin of last year was 0.14872124. ==> 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 (Dec24)
=24505/19019
=1.28844839

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=17126/9361
=1.82950539

GLC Group's asset turnover of this year was 1.28844839. GLC Group's asset turnover of last year was 1.82950539. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+0
=6

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

GLC Group has an F-score of 6 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 6 mean?
GLC Group (TSE:2970) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GLC Group and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, GLC Group's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, GLC Group ranks #354 out of 1759 companies in the Real Estate industry, placing it in the top 20.1%.
Is GLC Group's Piotroski F-Score too high?
GLC Group's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. GLC Group's value of 6 is 20% above this industry median. Based on the distribution chart, GLC Group ranks #354 out of 1759 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, GLC Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GLC Group's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GLC Group ranks #354 out of 1759 companies for Piotroski F-Score. This places GLC Group in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. GLC Group's value of 6 is 20% above this benchmark. Historically, GLC Group's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, GLC Group 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 a Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. GLC Group's current Piotroski F-Score of 6 is 20% 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 GLC Group and its competitors. For the Real Estate 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. GLC Group's current Piotroski F-Score is 6, which is 50% 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 GLC Group stock overvalued right now?
Based on GuruFocus' analysis, GLC Group (TSE:2970) is currently considered Fairly Valued. The stock's GF Value™ is 円1,240.51, compared to a current price of 円1,143.00 — trading 7.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Real Estate industry median of 5.00. GLC Group's overall GF Score™ is 89/100 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 GLC Group (TSE:2970), the current Piotroski F-Score is 6 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 GLC Group (TSE:2970) Overvalued in 2026?

Based on GuruFocus' analysis, GLC Group stock appears to be undervalued. The current stock price of 円1,143.00 is trading 7.9% below its estimated GF Value™ of 円1,240.51. GuruFocus considers GLC Group to be Fairly Valued.

Key valuation signals for TSE:2970:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: 円1,240.51 vs. price of 円1,143.00 (7.9% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 20% above the Real Estate median (#354 of 1759)

No single metric tells the full story. See the TSE:2970 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GLC Group Business Description

Address 3-4-1 Hakata Ekimae, Chuo Nitto Hakata Ekimae Building 12th floor, Hakata-ku, Fukuoka, JPN, 812-0011
GLC Group Inc is engaged in the real estate investment management and energy businesses.
89GF Score

Get the complete analysis for TSE:2970

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

円1,143.00
Price
円1,240.51
GF Value