Buffalo Co (TSE:3352) Piotroski F-Score: 8 (As of Jul. 14, 2026) — 33% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3352 Buffalo Co Ltd TSE:3352
74 GF Score
Price 円1,630.00
GF Value 円1,645.12
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Buffalo Co Piotroski F-Score?

Buffalo Co TSE:3352 +0.18% 74 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:3352 with a GF Score™ of 74/100 and a GF Value™ of 円1,645.12 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,286 Vehicles & Parts companies, Buffalo Co ranks better than 97.9% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Buffalo Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:3352' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

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

Buffalo Co  (TSE:3352) 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.


Buffalo Co Piotroski F-Score Related Terms


Buffalo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Buffalo 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.

Buffalo Co Piotroski F-Score Chart

Buffalo Co 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 6.00 6.00 3.00 7.00 8.00

Buffalo 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 3.00 0.00 7.00 0.00 8.00

TSE:3352 vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Buffalo 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.


Buffalo Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Buffalo Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3352
74GF Score
Buffalo Co Ltd TSE:3352
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442 Mil.
Cash Flow from Operations was 円929 Mil.
Revenue was 円13,707 Mil.
Gross Profit was 円7,587 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (9108.552 + 9827.193) / 2 = 円9467.8725 Mil.
Total Assets at the begining of this year (Mar25) was 円9,109 Mil.
Long-Term Debt & Capital Lease Obligation was 円606 Mil.
Total Current Assets was 円6,121 Mil.
Total Current Liabilities was 円1,817 Mil.
Net Income was 円344 Mil.

Revenue was 円12,186 Mil.
Gross Profit was 円6,367 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (8493.25 + 9108.552) / 2 = 円8800.901 Mil.
Total Assets at the begining of last year (Mar24) was 円8,493 Mil.
Long-Term Debt & Capital Lease Obligation was 円301 Mil.
Total Current Assets was 円5,671 Mil.
Total Current Liabilities was 円1,771 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.

Buffalo Co's current Net Income (TTM) was 442. ==> 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.

Buffalo Co's current Cash Flow from Operations (TTM) was 929. ==> 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)
=442.177/9108.552
=0.04854526

ROA (Last Year)=Net Income/Total Assets (Mar24)
=343.88/8493.25
=0.04048862

Buffalo Co's return on assets of this year was 0.04854526. Buffalo Co's return on assets of last year was 0.04048862. ==> 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.

Buffalo Co's current Net Income (TTM) was 442. Buffalo Co's current Cash Flow from Operations (TTM) was 929. ==> 929 > 442 ==> 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
=606.492/9467.8725
=0.0640579

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=301.269/8800.901
=0.03423161

Buffalo Co's gearing of this year was 0.0640579. Buffalo Co's gearing of last year was 0.03423161. ==> 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
=6120.863/1817.076
=3.36852339

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5671.121/1771.337
=3.20160478

Buffalo Co's current ratio of this year was 3.36852339. Buffalo Co's current ratio of last year was 3.20160478. ==> 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.

Buffalo Co's number of shares in issue this year was 2.343. Buffalo Co's number of shares in issue last year was 2.343. ==> 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
=7586.968/13706.554
=0.55352848

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6367.149/12185.655
=0.52251184

Buffalo Co's gross margin of this year was 0.55352848. Buffalo Co's gross margin of last year was 0.52251184. ==> 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 (Mar25)
=13706.554/9108.552
=1.50480054

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12185.655/8493.25
=1.43474583

Buffalo Co's asset turnover of this year was 1.50480054. Buffalo Co's asset turnover of last year was 1.43474583. ==> 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+1+1+1
=8

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

Buffalo Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Buffalo Co (TSE:3352) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Buffalo Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Buffalo Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Buffalo Co ranks #27 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 2.1%.
Is Buffalo Co's Piotroski F-Score too high?
Buffalo Co's current Piotroski F-Score of 8 is 33% above 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Buffalo Co's value of 8 is 60% above this industry median. Based on the distribution chart, Buffalo Co ranks #27 out of 1286 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Buffalo Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Buffalo Co's Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Buffalo Co ranks #27 out of 1286 companies for Piotroski F-Score. This places Buffalo Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Buffalo Co's value of 8 is 60% above this benchmark. Historically, Buffalo Co'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, Buffalo Co 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Buffalo Co's current Piotroski F-Score of 8 is 60% 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 Buffalo Co and its competitors. For the Vehicles & Parts 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. Buffalo Co's current Piotroski F-Score is 8, which is 33% above 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 Buffalo Co stock overvalued right now?
Based on GuruFocus' analysis, Buffalo Co (TSE:3352) is currently considered Fairly Valued. The stock's GF Value™ is 円1,645.12, compared to a current price of 円1,630.00 — trading 0.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Vehicles & Parts industry median of 5.00. Buffalo Co's overall GF Score™ is 74/100 with 1 warning sign 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 Buffalo Co (TSE:3352), the current Piotroski F-Score is 8 as of Jul. 14, 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 Buffalo Co (TSE:3352) Overvalued in 2026?

Based on GuruFocus' analysis, Buffalo Co stock appears to be undervalued. The current stock price of 円1,630.00 is trading 0.9% below its estimated GF Value™ of 円1,645.12. GuruFocus considers Buffalo Co to be Fairly Valued.

Key valuation signals for TSE:3352:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: 円1,645.12 vs. price of 円1,630.00 (0.9% below fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 60% above the Vehicles & Parts median (#27 of 1286)

No single metric tells the full story. See the TSE:3352 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Buffalo Co Business Description

Address 4-1-8 Honcho, Kawaguchi Center Building, 9th Floor, Saitama Prefecture, Kawaguchi, JPN, 332 - 0012
Buffalo Co Ltd is engaged in in-store development as an AUTOBACS franchisee, car goods sales and installation, inspection and maintenance, and sale and purchase of new and used cars.
74GF Score

Get the complete analysis for TSE:3352

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

円1,630.00
Price
円1,645.12
GF Value