Hoosiers Holdings (TSE:3284) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 20% Above Median


TSE:3284 Hoosiers Holdings TSE:3284
67 GF Score
Price 円1,171.00
GF Value 円1,487.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Hoosiers Holdings Piotroski F-Score?

Hoosiers Holdings TSE:3284 +0.09% 67 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:3284 with a GF Score™ of 67/100 and a GF Value™ of 円1,487.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 93 Homebuilding & Construction companies, Hoosiers Holdings ranks better than 84.95% 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

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

TSE:3284' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Hoosiers Holdings was 9. The lowest was 3. And the median was 5.

Hoosiers Holdings  (TSE:3284) 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.


Hoosiers Holdings Piotroski F-Score Related Terms


Hoosiers Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hoosiers Holdings'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.

Hoosiers Holdings Piotroski F-Score Chart

Hoosiers Holdings 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 9.00 5.00 3.00 4.00 6.00

Hoosiers Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.00 0.00 6.00

TSE:3284 vs DHI, PHM, LEN: Piotroski F-Score Comparison

For the Residential Construction subindustry, Hoosiers Holdings'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.


Hoosiers Holdings Piotroski F-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Hoosiers Holdings's Piotroski F-Score distribution charts can be found below:

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


TSE:3284
67GF Score
Hoosiers Holdings TSE:3284
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7,129 Mil.
Cash Flow from Operations was 円10,628 Mil.
Revenue was 円138,579 Mil.
Gross Profit was 円30,476 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (179858 + 189192) / 2 = 円184525 Mil.
Total Assets at the begining of this year (Mar25) was 円179,858 Mil.
Long-Term Debt & Capital Lease Obligation was 円74,617 Mil.
Total Current Assets was 円170,027 Mil.
Total Current Liabilities was 円55,410 Mil.
Net Income was 円5,462 Mil.

Revenue was 円92,153 Mil.
Gross Profit was 円21,794 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (164399 + 179858) / 2 = 円172128.5 Mil.
Total Assets at the begining of last year (Mar24) was 円164,399 Mil.
Long-Term Debt & Capital Lease Obligation was 円69,416 Mil.
Total Current Assets was 円153,907 Mil.
Total Current Liabilities was 円58,930 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.

Hoosiers Holdings's current Net Income (TTM) was 7,129. ==> 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.

Hoosiers Holdings's current Cash Flow from Operations (TTM) was 10,628. ==> 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)
=7129/179858
=0.03963682

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5462/164399
=0.03322405

Hoosiers Holdings's return on assets of this year was 0.03963682. Hoosiers Holdings's return on assets of last year was 0.03322405. ==> This year is higher. ==> Score 1.

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.

Hoosiers Holdings's current Net Income (TTM) was 7,129. Hoosiers Holdings's current Cash Flow from Operations (TTM) was 10,628. ==> 10,628 > 7,129 ==> 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
=74617/184525
=0.40437339

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=69416/172128.5
=0.40328011

Hoosiers Holdings's gearing of this year was 0.40437339. Hoosiers Holdings's gearing of last year was 0.40328011. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=170027/55410
=3.06852554

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=153907/58930
=2.61169184

Hoosiers Holdings's current ratio of this year was 3.06852554. Hoosiers Holdings's current ratio of last year was 2.61169184. ==> 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.

Hoosiers Holdings's number of shares in issue this year was 40.902. Hoosiers Holdings's number of shares in issue last year was 35.552. ==> 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
=30476/138579
=0.21991788

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21794/92153
=0.236498

Hoosiers Holdings's gross margin of this year was 0.21991788. Hoosiers Holdings's gross margin of last year was 0.236498. ==> 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 (Mar25)
=138579/179858
=0.77049117

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=92153/164399
=0.56054477

Hoosiers Holdings's asset turnover of this year was 0.77049117. Hoosiers Holdings's asset turnover of last year was 0.56054477. ==> 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+1+1+0+1+0+0+1
=6

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

Hoosiers Holdings 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?
Hoosiers Holdings (TSE:3284) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hoosiers Holdings and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Hoosiers Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Hoosiers Holdings ranks #14 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 15.1%.
Is Hoosiers Holdings' Piotroski F-Score too high?
Hoosiers Holdings' current Piotroski F-Score of 6 is 20% above 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 9.00. The Homebuilding & Construction industry median Piotroski F-Score is 5.00. Hoosiers Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Hoosiers Holdings ranks #14 out of 93 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Hoosiers Holdings has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hoosiers Holdings' Piotroski F-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Hoosiers Holdings ranks #14 out of 93 companies for Piotroski F-Score. This places Hoosiers Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hoosiers Holdings' value of 6 is 20% above this benchmark. Historically, Hoosiers Holdings' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hoosiers Holdings 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 Homebuilding & Construction company?
The median Piotroski F-Score among Homebuilding & Construction companies is 5.00, based on 93 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. Hoosiers Holdings'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 Hoosiers Holdings and its competitors. For the Homebuilding & Construction 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. Hoosiers Holdings's current Piotroski F-Score is 6, which is 20% above 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 Hoosiers Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hoosiers Holdings (TSE:3284) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,487.06, compared to a current price of 円1,171.00 — trading 21.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Homebuilding & Construction industry median of 5.00. Hoosiers Holdings' overall GF Score™ is 67/100 with 3 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 Hoosiers Holdings (TSE:3284), the current Piotroski F-Score is 6 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 Hoosiers Holdings (TSE:3284) Overvalued in 2026?

Based on GuruFocus' analysis, Hoosiers Holdings stock appears to be undervalued. The current stock price of 円1,171.00 is trading 21.3% below its estimated GF Value™ of 円1,487.06. GuruFocus considers Hoosiers Holdings to be Modestly Undervalued.

Key valuation signals for TSE:3284:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円1,487.06 vs. price of 円1,171.00 (21.3% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 20% above the Homebuilding & Construction median (#14 of 93)

No single metric tells the full story. See the TSE:3284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hoosiers Holdings Business Description

Address 9-1 Kanda Mitoshirocho, Chiyoda-Ku, JPN, 101-0053
Hoosiers Holdings provides real estate services.
67GF Score

Get the complete analysis for TSE:3284

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

円1,171.00
Price
円1,487.06
GF Value