FORLIFE Co (TSE:3477) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 20% Below Median


TSE:3477 FORLIFE Co Ltd TSE:3477
81 GF Score
Price 円834.00
GF Value 円783.16
Valuation Fairly Valued
! 5 Warning Signs
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What is FORLIFE Co Piotroski F-Score?

FORLIFE Co TSE:3477 +0.48% 81 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:3477 with a GF Score™ of 81/100 and a GF Value™ of 円783.16 (Fairly Valued). The stock has 5 warning signs investors should review. Among 93 Homebuilding & Construction companies, FORLIFE Co ranks worse than 63.44% 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

FORLIFE Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:3477' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 12 years, the highest Piotroski F-Score of FORLIFE Co was 7. The lowest was 2. And the median was 5.

FORLIFE Co  (TSE:3477) 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.


FORLIFE Co Piotroski F-Score Related Terms


FORLIFE Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FORLIFE 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.

FORLIFE Co Piotroski F-Score Chart

FORLIFE 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 4.00 4.00 5.00 6.00 4.00

FORLIFE 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 5.00 0.00 6.00 0.00 4.00

TSE:3477 vs DHI, PHM, LEN: Piotroski F-Score Comparison

For the Residential Construction subindustry, FORLIFE 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.


FORLIFE Co Piotroski F-Score vs Homebuilding & Construction Industry

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

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


TSE:3477
81GF Score
FORLIFE Co Ltd TSE:3477
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544 Mil.
Cash Flow from Operations was 円-737 Mil.
Revenue was 円17,476 Mil.
Gross Profit was 円2,181 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (9618.86 + 10521.179) / 2 = 円10070.0195 Mil.
Total Assets at the begining of this year (Mar25) was 円9,619 Mil.
Long-Term Debt & Capital Lease Obligation was 円34 Mil.
Total Current Assets was 円10,175 Mil.
Total Current Liabilities was 円6,123 Mil.
Net Income was 円551 Mil.

Revenue was 円14,771 Mil.
Gross Profit was 円1,779 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (7885.283 + 9618.86) / 2 = 円8752.0715 Mil.
Total Assets at the begining of last year (Mar24) was 円7,885 Mil.
Long-Term Debt & Capital Lease Obligation was 円112 Mil.
Total Current Assets was 円9,279 Mil.
Total Current Liabilities was 円5,533 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.

FORLIFE Co's current Net Income (TTM) was 544. ==> 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.

FORLIFE Co's current Cash Flow from Operations (TTM) was -737. ==> 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 (Mar25)
=544.337/9618.86
=0.05659059

ROA (Last Year)=Net Income/Total Assets (Mar24)
=550.784/7885.283
=0.06984962

FORLIFE Co's return on assets of this year was 0.05659059. FORLIFE Co's return on assets of last year was 0.06984962. ==> 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.

FORLIFE Co's current Net Income (TTM) was 544. FORLIFE Co's current Cash Flow from Operations (TTM) was -737. ==> -737 <= 544 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=33.96/10070.0195
=0.00337239

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=112.069/8752.0715
=0.01280485

FORLIFE Co's gearing of this year was 0.00337239. FORLIFE Co's gearing of last year was 0.01280485. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=10175.259/6122.599
=1.66191825

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=9278.918/5532.92
=1.67703816

FORLIFE Co's current ratio of this year was 1.66191825. FORLIFE Co's current ratio of last year was 1.67703816. ==> 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.

FORLIFE Co's number of shares in issue this year was 3.999. FORLIFE Co's number of shares in issue last year was 3.999. ==> 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
=2180.737/17476.174
=0.12478343

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1778.518/14771.438
=0.1204025

FORLIFE Co's gross margin of this year was 0.12478343. FORLIFE Co's gross margin of last year was 0.1204025. ==> 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)
=17476.174/9618.86
=1.81686541

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=14771.438/7885.283
=1.87329206

FORLIFE Co's asset turnover of this year was 1.81686541. FORLIFE Co's asset turnover of last year was 1.87329206. ==> 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+1+0
=4

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

FORLIFE Co has an F-score of 4 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 4 mean?
FORLIFE Co (TSE:3477) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FORLIFE Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, FORLIFE Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, FORLIFE Co ranks #59 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 63.4%.
Is FORLIFE Co's Piotroski F-Score too high?
FORLIFE Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Homebuilding & Construction industry median Piotroski F-Score is 5.00. FORLIFE Co's value of 4 is 20% below this industry median. Based on the distribution chart, FORLIFE Co ranks #59 out of 93 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, FORLIFE Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FORLIFE Co's Piotroski F-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, FORLIFE Co ranks #59 out of 93 companies for Piotroski F-Score. This places FORLIFE Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. FORLIFE Co's value of 4 is 20% below this benchmark. Historically, FORLIFE Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, FORLIFE Co 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 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. FORLIFE Co's current Piotroski F-Score of 4 is 20% 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 FORLIFE Co 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. FORLIFE Co's current Piotroski F-Score is 4, which is 20% below 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 FORLIFE Co stock overvalued right now?
Based on GuruFocus' analysis, FORLIFE Co (TSE:3477) is currently considered Fairly Valued. The stock's GF Value™ is 円783.16, compared to a current price of 円834.00 — trading 6.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Homebuilding & Construction industry median of 5.00. FORLIFE Co's overall GF Score™ is 81/100 with 5 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 FORLIFE Co (TSE:3477), the current Piotroski F-Score is 4 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 FORLIFE Co (TSE:3477) Overvalued in 2026?

Based on GuruFocus' analysis, FORLIFE Co stock appears to be overvalued. The current stock price of 円834.00 is trading 6.5% above its estimated GF Value™ of 円783.16. GuruFocus considers FORLIFE Co to be Fairly Valued.

Key valuation signals for TSE:3477:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円783.16 vs. price of 円834.00 (6.5% above fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 20% below the Homebuilding & Construction median (#59 of 93)

No single metric tells the full story. See the TSE:3477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FORLIFE Co Business Description

Address 1-4-11 Okurayama, Kohoku-ku, Kanagawa Prefecture, FORLIFE Okurayama Publishing Building, Yubinbango, Yokohama, JPN, 222-0037
FORLIFE Co Ltd is a Japanese firm. It builds and sells ordered housing and manufactured housing. It also provides leasing business. It has a consultation and finance business.
81GF Score

Get the complete analysis for TSE:3477

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

円834.00
Price
円783.16
GF Value