Vega Co (TSE:3542) Piotroski F-Score: 8 (As of Jul. 07, 2026) — 14% Above Median


TSE:3542 Vega Corp Co Ltd TSE:3542
61 GF Score
Price 円1,275.00
GF Value 円896.51
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Vega Co Piotroski F-Score?

Vega Co TSE:3542 -4.92% 61 Piotroski F-Score is 8 as of Jul. 07, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:3542 with a GF Score™ of 61/100 and a GF Value™ of 円896.51 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Vega Co ranks better than 98.45% 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

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

TSE:3542' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 8

During the past 12 years, the highest Piotroski F-Score of Vega Co was 8. The lowest was 3. And the median was 7.

Vega Co  (TSE:3542) 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.


Vega Co Piotroski F-Score Related Terms


Vega Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vega 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.

Vega Co Piotroski F-Score Chart

Vega 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 7.00 7.00 7.00 8.00

Vega 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 7.00 0.00 7.00 0.00 8.00

TSE:3542 vs AMZN, BABA, PDD: Piotroski F-Score Comparison

For the Internet Retail subindustry, Vega 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.


Vega Co Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:3542
61GF Score
Vega Corp Co Ltd TSE:3542
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884 Mil.
Cash Flow from Operations was 円909 Mil.
Revenue was 円18,130 Mil.
Gross Profit was 円9,587 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (8073.545 + 9392.758) / 2 = 円8733.1515 Mil.
Total Assets at the begining of this year (Mar25) was 円8,074 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円7,181 Mil.
Total Current Liabilities was 円1,987 Mil.
Net Income was 円592 Mil.

Revenue was 円15,935 Mil.
Gross Profit was 円8,163 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (7209.731 + 8073.545) / 2 = 円7641.638 Mil.
Total Assets at the begining of last year (Mar24) was 円7,210 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円6,611 Mil.
Total Current Liabilities was 円2,000 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.

Vega Co's current Net Income (TTM) was 884. ==> 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.

Vega Co's current Cash Flow from Operations (TTM) was 909. ==> 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)
=884.31/8073.545
=0.10953181

ROA (Last Year)=Net Income/Total Assets (Mar24)
=591.669/7209.731
=0.08206534

Vega Co's return on assets of this year was 0.10953181. Vega Co's return on assets of last year was 0.08206534. ==> 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.

Vega Co's current Net Income (TTM) was 884. Vega Co's current Cash Flow from Operations (TTM) was 909. ==> 909 > 884 ==> 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
=0/8733.1515
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/7641.638
=0

Vega Co's gearing of this year was 0. Vega Co's gearing of last year was 0. ==> 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
=7180.678/1986.789
=3.61421268

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6611.361/2000.299
=3.30518637

Vega Co's current ratio of this year was 3.61421268. Vega Co's current ratio of last year was 3.30518637. ==> 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.

Vega Co's number of shares in issue this year was 10.516. Vega Co's number of shares in issue last year was 10.339. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=9586.593/18129.697
=0.52877845

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8163.019/15935.215
=0.51226287

Vega Co's gross margin of this year was 0.52877845. Vega Co's gross margin of last year was 0.51226287. ==> 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)
=18129.697/8073.545
=2.24556833

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=15935.215/7209.731
=2.21023711

Vega Co's asset turnover of this year was 2.24556833. Vega Co's asset turnover of last year was 2.21023711. ==> 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+1+1+0+1+1
=8

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

Vega 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?
Vega Co (TSE:3542) has a Piotroski F-Score of 8 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vega Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Vega Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Vega Co ranks #17 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 1.6%.
Is Vega Co's Piotroski F-Score too high?
Vega Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Vega Co's value of 8 is 60% above this industry median. Based on the distribution chart, Vega Co ranks #17 out of 1096 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Vega Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vega Co's Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Vega Co ranks #17 out of 1096 companies for Piotroski F-Score. This places Vega Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vega Co's value of 8 is 60% above this benchmark. Historically, Vega 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 7.00 vs. the industry median of 5.00, Vega 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 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. Vega 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 Vega Co 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. Vega Co's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vega Co stock overvalued right now?
Based on GuruFocus' analysis, Vega Co (TSE:3542) is currently considered Significantly Overvalued. The stock's GF Value™ is 円896.51, compared to a current price of 円1,275.00 — trading 42.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Retail - Cyclical industry median of 5.00. Vega Co's overall GF Score™ is 61/100 with 2 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 Vega Co (TSE:3542), the current Piotroski F-Score is 8 as of Jul. 07, 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 Vega Co (TSE:3542) Overvalued in 2026?

Based on GuruFocus' analysis, Vega Co stock appears to be overvalued. The current stock price of 円1,275.00 is trading 42.2% above its estimated GF Value™ of 円896.51. GuruFocus considers Vega Co to be Significantly Overvalued.

Key valuation signals for TSE:3542:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円896.51 vs. price of 円1,275.00 (42.2% above fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#17 of 1096)

No single metric tells the full story. See the TSE:3542 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vega Co Business Description

Address 7-20 Gionmachi, 4th Floor, Hakata Gion Center Place, Hakata-ku, Fukuoka, JPN, 812-0038
Vega Corp Co Ltd operates EC platform focused on lifestyle furniture, interior products, and sundries. The company sells furniture and interior products. It is engaged in the provision of Internet mail-order businesses of furniture and interior, and operation of a international e-commerce (EC) site targeted for cross-border market. The E-commerce platform is engaged in purchasing and sale of sofas, chairs and beds.
61GF Score

Get the complete analysis for TSE:3542

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

円1,275.00
Price
円896.51
GF Value