Felissimo (TSE:3396) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 33% Above Median


TSE:3396 Felissimo Corp TSE:3396
53 GF Score
Price 円865.00
GF Value 円853.10
Valuation Fairly Valued
! 3 Warning Signs
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What is Felissimo Piotroski F-Score?

Felissimo TSE:3396 +1.17% 53 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:3396 with a GF Score™ of 53/100 and a GF Value™ of 円853.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Felissimo ranks better than 98.36% 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

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

TSE:3396' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Felissimo was 9. The lowest was 2. And the median was 6.

Felissimo  (TSE:3396) 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.


Felissimo Piotroski F-Score Related Terms


Felissimo Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Felissimo'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.

Felissimo Piotroski F-Score Chart

Felissimo Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 2.00 9.00 8.00

Felissimo Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 2.00 0.00 9.00 0.00 8.00

TSE:3396 vs AMZN, BABA, PDD: Piotroski F-Score Comparison

For the Internet Retail subindustry, Felissimo'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.


Felissimo Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:3396
53GF Score
Felissimo Corp TSE:3396
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円358 Mil.
Cash Flow from Operations was 円830 Mil.
Revenue was 円29,179 Mil.
Gross Profit was 円15,947 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (28889 + 28053) / 2 = 円28471 Mil.
Total Assets at the begining of this year (Feb25) was 円28,889 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円17,347 Mil.
Total Current Liabilities was 円5,915 Mil.
Net Income was 円136 Mil.

Revenue was 円29,449 Mil.
Gross Profit was 円15,865 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (29064 + 28889) / 2 = 円28976.5 Mil.
Total Assets at the begining of last year (Feb24) was 円29,064 Mil.
Long-Term Debt & Capital Lease Obligation was 円4 Mil.
Total Current Assets was 円17,494 Mil.
Total Current Liabilities was 円6,932 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.

Felissimo's current Net Income (TTM) was 358. ==> 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.

Felissimo's current Cash Flow from Operations (TTM) was 830. ==> 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 (Feb25)
=358/28889
=0.01239226

ROA (Last Year)=Net Income/Total Assets (Feb24)
=136/29064
=0.00467933

Felissimo's return on assets of this year was 0.01239226. Felissimo's return on assets of last year was 0.00467933. ==> 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.

Felissimo's current Net Income (TTM) was 358. Felissimo's current Cash Flow from Operations (TTM) was 830. ==> 830 > 358 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/28471
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=4/28976.5
=0.00013804

Felissimo's gearing of this year was 0. Felissimo's gearing of last year was 0.00013804. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=17347/5915
=2.93271344

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=17494/6932
=2.5236584

Felissimo's current ratio of this year was 2.93271344. Felissimo's current ratio of last year was 2.5236584. ==> 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.

Felissimo's number of shares in issue this year was 7.122. Felissimo's number of shares in issue last year was 7.122. ==> 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
=15947/29179
=0.54652318

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15865/29449
=0.53872797

Felissimo's gross margin of this year was 0.54652318. Felissimo's gross margin of last year was 0.53872797. ==> 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 (Feb25)
=29179/28889
=1.01003842

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=29449/29064
=1.01324663

Felissimo's asset turnover of this year was 1.01003842. Felissimo's asset turnover of last year was 1.01324663. ==> 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+1+1+1+0
=8

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

Felissimo 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?
Felissimo (TSE:3396) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Felissimo and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Felissimo's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Felissimo ranks #18 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 1.6%.
Is Felissimo's Piotroski F-Score too high?
Felissimo'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 2.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Felissimo's value of 8 is 60% above this industry median. Based on the distribution chart, Felissimo ranks #18 out of 1096 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Felissimo has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Felissimo's Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Felissimo ranks #18 out of 1096 companies for Piotroski F-Score. This places Felissimo in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Felissimo's value of 8 is 60% above this benchmark. Historically, Felissimo's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Felissimo 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 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. Felissimo'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 Felissimo 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. Felissimo'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 Felissimo stock overvalued right now?
Based on GuruFocus' analysis, Felissimo (TSE:3396) is currently considered Fairly Valued. The stock's GF Value™ is 円853.10, compared to a current price of 円865.00 — trading 1.4% above 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 Retail - Cyclical industry median of 5.00. Felissimo's overall GF Score™ is 53/100 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 Felissimo (TSE:3396), the current Piotroski F-Score is 8 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 Felissimo (TSE:3396) Overvalued in 2026?

Based on GuruFocus' analysis, Felissimo stock appears to be overvalued. The current stock price of 円865.00 is trading 1.4% above its estimated GF Value™ of 円853.10. GuruFocus considers Felissimo to be Fairly Valued.

Key valuation signals for TSE:3396:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: 円853.10 vs. price of 円865.00 (1.4% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#18 of 1096)

No single metric tells the full story. See the TSE:3396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Felissimo Business Description

Address 59 Naniwa-machi, Chuo-ku, Kobe, JPN, 650-0035
Felissimo Corp is a direct marketing company that sells domestic and overseas products and services. The products of the company include fashion goods, household goods, handmade kits, beauty related products and foods.
53GF Score

Get the complete analysis for TSE:3396

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

円865.00
Price
円853.10
GF Value