RECOMM Co (TSE:3323) Piotroski F-Score: 6 (As of Jul. 24, 2026) — 20% Above Median

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TSE:3323 RECOMM Co Ltd TSE:3323
57 GF Score
Price 円74.00
GF Value 円110.08
Valuation Significantly Undervalued
! 9 Warning Signs
View Full Analysis

What is RECOMM Co Piotroski F-Score?

RECOMM Co TSE:3323 -1.33% 57 Piotroski F-Score is 6 as of Jul. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:3323 with a GF Score™ of 57/100 and a GF Value™ of 円110.08 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 353 Telecommunication Services companies, RECOMM Co ranks better than 67.99% 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

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

TSE:3323' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of RECOMM Co was 8. The lowest was 1. And the median was 5.

RECOMM Co  (TSE:3323) 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.


RECOMM Co Piotroski F-Score Related Terms


RECOMM Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RECOMM 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.

RECOMM Co Piotroski F-Score Chart

RECOMM Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 2.00 5.00 6.00

RECOMM Co 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 6.00 5.00 4.00 6.00 0.00

TSE:3323 vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, RECOMM 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.


RECOMM Co Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, RECOMM Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3323
57GF Score
RECOMM Co Ltd TSE:3323
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円197 Mil.
Cash Flow from Operations was 円472 Mil.
Revenue was 円13,088 Mil.
Gross Profit was 円3,154 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (12645.63 + 12703.755) / 2 = 円12674.6925 Mil.
Total Assets at the begining of this year (Sep24) was 円12,646 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,576 Mil.
Total Current Assets was 円8,178 Mil.
Total Current Liabilities was 円5,370 Mil.
Net Income was 円84 Mil.

Revenue was 円11,687 Mil.
Gross Profit was 円2,875 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (10843.846 + 12645.63) / 2 = 円11744.738 Mil.
Total Assets at the begining of last year (Sep23) was 円10,844 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,960 Mil.
Total Current Assets was 円8,365 Mil.
Total Current Liabilities was 円5,013 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.

RECOMM Co's current Net Income (TTM) was 197. ==> 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.

RECOMM Co's current Cash Flow from Operations (TTM) was 472. ==> 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 (Sep24)
=196.717/12645.63
=0.01555612

ROA (Last Year)=Net Income/Total Assets (Sep23)
=83.943/10843.846
=0.00774107

RECOMM Co's return on assets of this year was 0.01555612. RECOMM Co's return on assets of last year was 0.00774107. ==> 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.

RECOMM Co's current Net Income (TTM) was 197. RECOMM Co's current Cash Flow from Operations (TTM) was 472. ==> 472 > 197 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=1576.373/12674.6925
=0.1243717

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1960.073/11744.738
=0.16688946

RECOMM Co's gearing of this year was 0.1243717. RECOMM Co's gearing of last year was 0.16688946. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=8178.178/5369.7
=1.52302326

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=8364.511/5012.96
=1.66857725

RECOMM Co's current ratio of this year was 1.52302326. RECOMM Co's current ratio of last year was 1.66857725. ==> 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.

RECOMM Co's number of shares in issue this year was 80.897. RECOMM Co's number of shares in issue last year was 81.22. ==> 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
=3153.604/13088.331
=0.24094776

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2874.505/11687.272
=0.24595175

RECOMM Co's gross margin of this year was 0.24094776. RECOMM Co's gross margin of last year was 0.24595175. ==> 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 (Sep24)
=13088.331/12645.63
=1.03500822

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=11687.272/10843.846
=1.07777923

RECOMM Co's asset turnover of this year was 1.03500822. RECOMM Co's asset turnover of last year was 1.07777923. ==> 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+1+1+1+0+1+0+0
=6

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

RECOMM Co 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?
RECOMM Co (TSE:3323) has a Piotroski F-Score of 6 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RECOMM Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, RECOMM Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, RECOMM Co ranks #113 out of 353 companies in the Telecommunication Services industry, placing it in the top 32%.
Is RECOMM Co's Piotroski F-Score too high?
RECOMM Co's 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 1.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. RECOMM Co's value of 6 is 0% at this industry median. Based on the distribution chart, RECOMM Co ranks #113 out of 353 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, RECOMM Co has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RECOMM Co's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, RECOMM Co ranks #113 out of 353 companies for Piotroski F-Score. This puts RECOMM Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. RECOMM Co's value of 6 is 0% at this benchmark. Historically, RECOMM Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, RECOMM Co has consistently been at 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. RECOMM Co's current Piotroski F-Score of 6 is 0% at 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 RECOMM Co and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RECOMM Co'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 RECOMM Co stock overvalued right now?
Based on GuruFocus' analysis, RECOMM Co (TSE:3323) is currently considered Significantly Undervalued. The stock's GF Value™ is 円110.08, compared to a current price of 円74.00 — trading 32.8% 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 0% at the Telecommunication Services industry median of 6.00. RECOMM Co's overall GF Score™ is 57/100 with 9 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 RECOMM Co (TSE:3323), the current Piotroski F-Score is 6 as of Jul. 24, 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 RECOMM Co (TSE:3323) Overvalued in 2026?

Based on GuruFocus' analysis, RECOMM Co stock appears to be undervalued. The current stock price of 円74.00 is trading 32.8% below its estimated GF Value™ of 円110.08. GuruFocus considers RECOMM Co to be Significantly Undervalued.

Key valuation signals for TSE:3323:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円110.08 vs. price of 円74.00 (32.8% below fair value)
  • GF Score™: 57/100 with 9 warning signs
  • Industry Position: 0% at the Telecommunication Services median (#113 of 353)

No single metric tells the full story. See the TSE:3323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RECOMM Co Business Description

Address 25-3 Yoyogi 3-chome, Shibuya-ku, Tokyo, JPN
RECOMM Co Ltd is engaged in the sale of business phones, digital multifunction machines, network products, LED lighting, and other eco products. The company is also involved in the sales of mobile terminals and maintenance services.
57GF Score

Get the complete analysis for TSE:3323

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

円74.00
Price
円110.08
GF Value