J.S.B.Co (TSE:3480) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


TSE:3480 J.S.B.Co Ltd TSE:3480
68 GF Score
Price 円8,980.00
GF Value 円3,560.61
Valuation Significantly Overvalued
! 4 Warning Signs
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What is J.S.B.Co Piotroski F-Score?

J.S.B.Co TSE:3480 68 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:3480 with a GF Score™ of 68/100 and a GF Value™ of 円3,560.61 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,759 Real Estate companies, J.S.B.Co ranks better than 79.87% 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

J.S.B.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 J.S.B.Co's Piotroski F-Score or its related term are showing as below:

TSE:3480' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 6

During the past 11 years, the highest Piotroski F-Score of J.S.B.Co was 7. The lowest was 2. And the median was 6.

J.S.B.Co  (TSE:3480) 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.


J.S.B.Co Piotroski F-Score Related Terms


J.S.B.Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for J.S.B.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.

J.S.B.Co Piotroski F-Score Chart

J.S.B.Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 7.00 6.00

J.S.B.Co Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Oct24 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.00 0.00 6.00 0.00 0.00

J.S.B.Co Piotroski F-Score Competitor Comparison

For the Real Estate - Diversified subindustry, J.S.B.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.


J.S.B.Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, J.S.B.Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3480
68GF Score
J.S.B.Co Ltd TSE:3480
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was 円5,151 Mil.
Cash Flow from Operations was 円6,805 Mil.
Revenue was 円76,046 Mil.
Gross Profit was 円13,684 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (79973.984 + 88947.451) / 2 = 円84460.7175 Mil.
Total Assets at the begining of this year (Oct24) was 円79,974 Mil.
Long-Term Debt & Capital Lease Obligation was 円28,312 Mil.
Total Current Assets was 円19,913 Mil.
Total Current Liabilities was 円15,334 Mil.
Net Income was 円7,453 Mil.

Revenue was 円69,530 Mil.
Gross Profit was 円12,441 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (66646.883 + 79973.984) / 2 = 円73310.4335 Mil.
Total Assets at the begining of last year (Oct23) was 円66,647 Mil.
Long-Term Debt & Capital Lease Obligation was 円24,692 Mil.
Total Current Assets was 円19,773 Mil.
Total Current Liabilities was 円13,780 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.

J.S.B.Co's current Net Income (TTM) was 5,151. ==> 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.

J.S.B.Co's current Cash Flow from Operations (TTM) was 6,805. ==> 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 (Oct24)
=5151.212/79973.984
=0.0644111

ROA (Last Year)=Net Income/Total Assets (Oct23)
=7452.754/66646.883
=0.11182449

J.S.B.Co's return on assets of this year was 0.0644111. J.S.B.Co's return on assets of last year was 0.11182449. ==> 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.

J.S.B.Co's current Net Income (TTM) was 5,151. J.S.B.Co's current Cash Flow from Operations (TTM) was 6,805. ==> 6,805 > 5,151 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=28312.245/84460.7175
=0.33521199

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=24691.822/73310.4335
=0.33681184

J.S.B.Co's gearing of this year was 0.33521199. J.S.B.Co's gearing of last year was 0.33681184. ==> 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: Oct25)=Total Current Assets/Total Current Liabilities
=19913.348/15333.671
=1.29866801

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=19773.07/13780.356
=1.43487367

J.S.B.Co's current ratio of this year was 1.29866801. J.S.B.Co's current ratio of last year was 1.43487367. ==> 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.

J.S.B.Co's number of shares in issue this year was 21.175. J.S.B.Co's number of shares in issue last year was 21.205. ==> 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
=13684.181/76045.573
=0.17994711

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12441.364/69529.664
=0.17893606

J.S.B.Co's gross margin of this year was 0.17994711. J.S.B.Co's gross margin of last year was 0.17893606. ==> 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 (Oct24)
=76045.573/79973.984
=0.95087889

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=69529.664/66646.883
=1.04325455

J.S.B.Co's asset turnover of this year was 0.95087889. J.S.B.Co's asset turnover of last year was 1.04325455. ==> 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+0+1+1+0+1+1+0
=6

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

J.S.B.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?
J.S.B.Co (TSE:3480) 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 J.S.B.Co and its competitors. This is near median its historical median of 6.00. Over the past decade, J.S.B.Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, J.S.B.Co ranks #354 out of 1759 companies in the Real Estate industry, placing it in the top 20.1%.
Is J.S.B.Co's Piotroski F-Score too high?
J.S.B.Co's current Piotroski F-Score of 6 is near 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 7.00. The Real Estate industry median Piotroski F-Score is 5.00. J.S.B.Co's value of 6 is 20% above this industry median. Based on the distribution chart, J.S.B.Co ranks #354 out of 1759 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, J.S.B.Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does J.S.B.Co's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, J.S.B.Co ranks #354 out of 1759 companies for Piotroski F-Score. This places J.S.B.Co in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. J.S.B.Co's value of 6 is 20% above this benchmark. Historically, J.S.B.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 6.00 vs. the industry median of 5.00, J.S.B.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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. J.S.B.Co'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 J.S.B.Co and its competitors. For the Real Estate 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. J.S.B.Co's current Piotroski F-Score is 6, which is near 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 J.S.B.Co stock overvalued right now?
Based on GuruFocus' analysis, J.S.B.Co (TSE:3480) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,560.61, compared to a current price of 円8,980.00 — trading 152.2% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Real Estate industry median of 5.00. J.S.B.Co's overall GF Score™ is 68/100 with 4 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 J.S.B.Co (TSE:3480), 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 J.S.B.Co (TSE:3480) Overvalued in 2026?

Based on GuruFocus' analysis, J.S.B.Co stock appears to be overvalued. The current stock price of 円8,980.00 is trading 152.2% above its estimated GF Value™ of 円3,560.61. GuruFocus considers J.S.B.Co to be Significantly Overvalued.

Key valuation signals for TSE:3480:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円3,560.61 vs. price of 円8,980.00 (152.2% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 20% above the Real Estate median (#354 of 1759)

No single metric tells the full story. See the TSE:3480 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


J.S.B.Co Business Description

Address 655 Inabado-cho, Shimogyo-ku, Kyoto Prefecture, Kyoto, JPN, 600-8415
J.S.B.Co Ltd is engaged in the real estate rental management business in Japan. The company provides real estate rental and management services and is involved in planning and proposing apartments mainly aimed at students, and handling the renting of buildings after completion. It also provides building maintenance and tenant support services, property management services from asset management companies, and planning and management services for student dormitories from universities and other organizations.
68GF Score

Get the complete analysis for TSE:3480

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

円8,980.00
Price
円3,560.61
GF Value