Primo Global Holdings Co (TSE:367A) Piotroski F-Score: 5 (As of Jul. 07, 2026) — 17% Below Median


TSE:367A Primo Global Holdings Co Ltd TSE:367A
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What is Primo Global Holdings Co Piotroski F-Score?

Primo Global Holdings Co TSE:367A -2.32% 9 Piotroski F-Score is 5 as of Jul. 07, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:367A with a GF Score™ of 9/100. The stock has 5 warning signs investors should review. Among 1,096 Retail - Cyclical companies, Primo Global Holdings Co ranks better than 50.18% 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

Primo Global Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:367A' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of Primo Global Holdings Co was 7. The lowest was 5. And the median was 6.

Primo Global Holdings Co  (TSE:367A) 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.


Primo Global Holdings Co Piotroski F-Score Related Terms


Primo Global Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Primo Global Holdings 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.

Primo Global Holdings Co Piotroski F-Score Chart

Primo Global Holdings Co Annual Data
Trend Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
N/A N/A 7.00 5.00

Primo Global Holdings Co Semi-Annual Data
Aug22 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Piotroski F-Score Get a 7-Day Free Trial 0.00 7.00 0.00 5.00 0.00

TSE:367A vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Primo Global Holdings 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.


Primo Global Holdings Co Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:367A
9GF Score
Primo Global Holdings Co Ltd TSE:367A
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Aug25) TTM:Last Year (Aug24) TTM:
Net Income was 円1,786 Mil.
Cash Flow from Operations was 円0 Mil.
Revenue was 円28,002 Mil.
Gross Profit was 円18,064 Mil.
Average Total Assets from the begining of this year (Aug24)
to the end of this year (Aug25) was (45392 + 45949) / 2 = 円45670.5 Mil.
Total Assets at the begining of this year (Aug24) was 円45,392 Mil.
Long-Term Debt & Capital Lease Obligation was 円15,392 Mil.
Total Current Assets was 円12,512 Mil.
Total Current Liabilities was 円10,007 Mil.
Net Income was 円1,150 Mil.

Revenue was 円24,900 Mil.
Gross Profit was 円16,249 Mil.
Average Total Assets from the begining of last year (Aug23)
to the end of last year (Aug24) was (44236 + 45392) / 2 = 円44814 Mil.
Total Assets at the begining of last year (Aug23) was 円44,236 Mil.
Long-Term Debt & Capital Lease Obligation was 円17,878 Mil.
Total Current Assets was 円11,407 Mil.
Total Current Liabilities was 円9,437 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.

Primo Global Holdings Co's current Net Income (TTM) was 1,786. ==> 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.

Primo Global Holdings Co's current Cash Flow from Operations (TTM) was 0. ==> 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 (Aug24)
=1786/45392
=0.03934614

ROA (Last Year)=Net Income/Total Assets (Aug23)
=1150/44236
=0.02599693

Primo Global Holdings Co's return on assets of this year was 0.03934614. Primo Global Holdings Co's return on assets of last year was 0.02599693. ==> 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.

Primo Global Holdings Co's current Net Income (TTM) was 1,786. Primo Global Holdings Co's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 1,786 ==> 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: Aug25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug24 to Aug25
=15392/45670.5
=0.3370228

Gearing (Last Year: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=17878/44814
=0.39893783

Primo Global Holdings Co's gearing of this year was 0.3370228. Primo Global Holdings Co's gearing of last year was 0.39893783. ==> 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: Aug25)=Total Current Assets/Total Current Liabilities
=12512/10007
=1.25032477

Current Ratio (Last Year: Aug24)=Total Current Assets/Total Current Liabilities
=11407/9437
=1.20875278

Primo Global Holdings Co's current ratio of this year was 1.25032477. Primo Global Holdings Co's current ratio of last year was 1.20875278. ==> 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.

Primo Global Holdings Co's number of shares in issue this year was 9.149. Primo Global Holdings Co's number of shares in issue last year was 8.747. ==> 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
=18064/28002
=0.64509678

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16249/24900
=0.65257028

Primo Global Holdings Co's gross margin of this year was 0.64509678. Primo Global Holdings Co's gross margin of last year was 0.65257028. ==> Last year's gross margin is higher ==> Score 0.

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 (Aug24)
=28002/45392
=0.61689284

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug23)
=24900/44236
=0.56288995

Primo Global Holdings Co's asset turnover of this year was 0.61689284. Primo Global Holdings Co's asset turnover of last year was 0.56288995. ==> 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+0+1+0+1+1+0+0+1
=5

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

Primo Global Holdings Co has an F-score of 5 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 5 mean?
Primo Global Holdings Co (TSE:367A) has a Piotroski F-Score of 5 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Primo Global Holdings Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Primo Global Holdings Co's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Primo Global Holdings Co ranks #546 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 49.8%.
Is Primo Global Holdings Co's Piotroski F-Score too high?
Primo Global Holdings Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Primo Global Holdings Co's value of 5 is 0% at this industry median. Based on the distribution chart, Primo Global Holdings Co ranks #546 out of 1096 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Primo Global Holdings Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Primo Global Holdings Co's Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Primo Global Holdings Co ranks #546 out of 1096 companies for Piotroski F-Score. This puts Primo Global Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Primo Global Holdings Co's value of 5 is 0% at this benchmark. Historically, Primo Global Holdings Co's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Primo Global Holdings Co has consistently been at 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. Primo Global Holdings Co's current Piotroski F-Score of 5 is 0% at 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 Primo Global Holdings 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. Primo Global Holdings Co's current Piotroski F-Score is 5, which is 17% below 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 Primo Global Holdings Co stock overvalued right now?
Primo Global Holdings Co (TSE:367A) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Retail - Cyclical industry median of 5.00. Primo Global Holdings Co's overall GF Score™ is 9/100 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 Primo Global Holdings Co (TSE:367A), the current Piotroski F-Score is 5 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.

Primo Global Holdings Co Business Description

Address 5-12-5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061
Primo Global Holdings Co Ltd is engaged in Bridal jewelry planning and sales. It offers two distinctive brands: I-I-PRIMO and LAZARE DIAMOND.
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