Hamee (TSE:3134) Piotroski F-Score: 3 (As of Jun. 29, 2026) — 50% Below Median


TSE:3134 Hamee Corp TSE:3134
63 GF Score
Price 円253.00
GF Value 円625.11
Valuation Possible Value Trap
! 7 Warning Signs
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What is Hamee Piotroski F-Score?

Hamee TSE:3134 -1.94% 63 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TSE:3134 with a GF Score™ of 63/100 and a GF Value™ of 円625.11 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Hamee 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

Hamee 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 Hamee's Piotroski F-Score or its related term are showing as below:

TSE:3134' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Hamee was 8. The lowest was 3. And the median was 6.

Hamee  (TSE:3134) 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.


Hamee Piotroski F-Score Related Terms


Hamee Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hamee'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.

Hamee Piotroski F-Score Chart

Hamee Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 6.00 4.00 3.00

Hamee Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 6.00 0.00 4.00 0.00 3.00

TSE:3134 vs AMZN, BABA, PDD: Piotroski F-Score Comparison

For the Internet Retail subindustry, Hamee'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.


Hamee Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:3134
63GF Score
Hamee Corp TSE:3134
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 円1,278 Mil.
Cash Flow from Operations was 円-107 Mil.
Revenue was 円22,895 Mil.
Gross Profit was 円13,497 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was (16972.59 + 13574.479) / 2 = 円15273.5345 Mil.
Total Assets at the begining of this year (Apr25) was 円16,973 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円10,176 Mil.
Total Current Liabilities was 円5,600 Mil.
Net Income was 円1,278 Mil.

Revenue was 円22,895 Mil.
Gross Profit was 円13,497 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was (14512.472 + 16972.59) / 2 = 円15742.531 Mil.
Total Assets at the begining of last year (Apr24) was 円14,512 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円13,422 Mil.
Total Current Liabilities was 円6,258 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.

Hamee's current Net Income (TTM) was 1,278. ==> 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.

Hamee's current Cash Flow from Operations (TTM) was -107. ==> 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 (Apr25)
=1278.023/16972.59
=0.07529923

ROA (Last Year)=Net Income/Total Assets (Apr24)
=1278.023/14512.472
=0.08806377

Hamee's return on assets of this year was 0.07529923. Hamee's return on assets of last year was 0.08806377. ==> 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.

Hamee's current Net Income (TTM) was 1,278. Hamee's current Cash Flow from Operations (TTM) was -107. ==> -107 <= 1,278 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=0/15273.5345
=0

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/15742.531
=0

Hamee's gearing of this year was 0. Hamee's gearing of last year was 0. ==> 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: Apr26)=Total Current Assets/Total Current Liabilities
=10175.668/5600.447
=1.81693854

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=13421.855/6257.553
=2.14490473

Hamee's current ratio of this year was 1.81693854. Hamee's current ratio of last year was 2.14490473. ==> 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.

Hamee's number of shares in issue this year was 15.949. Hamee's number of shares in issue last year was 15.949. ==> 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
=13497.058/22895.35
=0.58951088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13497.058/22895.35
=0.58951088

Hamee's gross margin of this year was 0.58951088. Hamee's gross margin of last year was 0.58951088. ==> 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 (Apr25)
=22895.35/16972.59
=1.34896029

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=22895.35/14512.472
=1.57763267

Hamee's asset turnover of this year was 1.34896029. Hamee's asset turnover of last year was 1.57763267. ==> 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+0+0+0+1+0+1+0+0
=3

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

Hamee has an F-score of 3. 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 3 mean?
Hamee (TSE:3134) 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 Hamee and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Hamee's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Hamee ranks #954 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 87%.
Is Hamee's Piotroski F-Score too high?
Hamee's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. 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. Hamee's value of 3 is 40% below this industry median. Based on the distribution chart, Hamee ranks #954 out of 1096 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hamee has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hamee's Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Hamee ranks #954 out of 1096 companies for Piotroski F-Score. This places Hamee in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hamee's value of 3 is 40% below this benchmark. Historically, Hamee'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 6.00 vs. the industry median of 5.00, Hamee 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. Hamee'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 Hamee 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. Hamee's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamee stock overvalued right now?
Based on GuruFocus' analysis, Hamee (TSE:3134) is currently considered Possible Value Trap. The stock's GF Value™ is 円625.11, compared to a current price of 円253.00 — trading 59.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Retail - Cyclical industry median of 5.00. Hamee's overall GF Score™ is 63/100 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 Hamee (TSE:3134), 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 Hamee (TSE:3134) Overvalued in 2026?

Based on GuruFocus' analysis, Hamee stock appears to be undervalued. The current stock price of 円253.00 is trading 59.5% below its estimated GF Value™ of 円625.11. GuruFocus considers Hamee to be Possible Value Trap.

Key valuation signals for TSE:3134:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: 円625.11 vs. price of 円253.00 (59.5% below fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 40% below the Retail - Cyclical median (#954 of 1096)

No single metric tells the full story. See the TSE:3134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hamee Business Description

Address 2-12-10 Sakaemachi, Square O2, Kanagawa Prefecture, Odawara, JPN, 250-0011
Hamee Corp engages in the planning and sale of mobile accessories. It operates through the following segments: Commerce and Platform business. The Commerce Business purchases and sells mobile phones and smartphone accessories. The Platform Business offers the sale of internet shopping operating companies and support services of inventory management. It engages in the development and provision of Next Engine, a cloud-type business management platform for Internet mail-order business operators.
63GF Score

Get the complete analysis for TSE:3134

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

円253.00
Price
円625.11
GF Value