Jorudan Co (TSE:3710) Piotroski F-Score: 9 (As of Jul. 08, 2026) — 50% Above Median


TSE:3710 Jorudan Co Ltd TSE:3710
64 GF Score
Price 円620.00
GF Value 円629.29
Valuation Fairly Valued
! 2 Warning Signs
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What is Jorudan Co Piotroski F-Score?

Jorudan Co TSE:3710 +0.49% 64 Piotroski F-Score is 9 as of Jul. 08, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates TSE:3710 with a GF Score™ of 64/100 and a GF Value™ of 円629.29 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,734 Software companies, Jorudan Co ranks better than 99.96% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Jorudan Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:3710' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Jorudan Co was 9. The lowest was 4. And the median was 6.

Jorudan Co  (TSE:3710) 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.


Jorudan Co Piotroski F-Score Related Terms


Jorudan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jorudan 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.

Jorudan Co Piotroski F-Score Chart

Jorudan Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 4.00 6.00 9.00

Jorudan 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 0.00 6.00 0.00 9.00 0.00

TSE:3710 vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, Jorudan 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.


Jorudan Co Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Jorudan Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3710
64GF Score
Jorudan Co Ltd TSE:3710
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円262 Mil.
Cash Flow from Operations was 円322 Mil.
Revenue was 円2,834 Mil.
Gross Profit was 円1,259 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (5296.453 + 5502.462) / 2 = 円5399.4575 Mil.
Total Assets at the begining of this year (Sep24) was 円5,296 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円4,044 Mil.
Total Current Liabilities was 円897 Mil.
Net Income was 円-119 Mil.

Revenue was 円2,928 Mil.
Gross Profit was 円1,180 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (5704.699 + 5296.453) / 2 = 円5500.576 Mil.
Total Assets at the begining of last year (Sep23) was 円5,705 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円3,777 Mil.
Total Current Liabilities was 円850 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.

Jorudan Co's current Net Income (TTM) was 262. ==> 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.

Jorudan Co's current Cash Flow from Operations (TTM) was 322. ==> 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 (Sep24)
=261.735/5296.453
=0.04941703

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-118.539/5704.699
=-0.02077919

Jorudan Co's return on assets of this year was 0.04941703. Jorudan Co's return on assets of last year was -0.02077919. ==> 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.

Jorudan Co's current Net Income (TTM) was 262. Jorudan Co's current Cash Flow from Operations (TTM) was 322. ==> 322 > 262 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=0/5399.4575
=0

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/5500.576
=0

Jorudan Co's gearing of this year was 0. Jorudan 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: Sep25)=Total Current Assets/Total Current Liabilities
=4044.054/896.628
=4.51029189

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=3776.704/849.642
=4.44505333

Jorudan Co's current ratio of this year was 4.51029189. Jorudan Co's current ratio of last year was 4.44505333. ==> 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.

Jorudan Co's number of shares in issue this year was 5.1. Jorudan Co's number of shares in issue last year was 5.1. ==> 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
=1258.688/2834.256
=0.4440982

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1179.549/2928.239
=0.40281855

Jorudan Co's gross margin of this year was 0.4440982. Jorudan Co's gross margin of last year was 0.40281855. ==> 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 (Sep24)
=2834.256/5296.453
=0.53512341

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=2928.239/5704.699
=0.51330298

Jorudan Co's asset turnover of this year was 0.53512341. Jorudan Co's asset turnover of last year was 0.51330298. ==> 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+1+1+1
=9

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

Jorudan Co has an F-score of 9. 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 9 mean?
Jorudan Co (TSE:3710) has a Piotroski F-Score of 9 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jorudan Co and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Jorudan Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Jorudan Co ranks #1 out of 2734 companies in the Software industry, placing it in the top 0%.
Is Jorudan Co's Piotroski F-Score too high?
Jorudan Co's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Jorudan Co's value of 9 is 80% above this industry median. Based on the distribution chart, Jorudan Co ranks #1 out of 2734 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Jorudan Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jorudan Co's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Jorudan Co ranks #1 out of 2734 companies for Piotroski F-Score. This places Jorudan Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Jorudan Co's value of 9 is 80% above this benchmark. Historically, Jorudan Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Jorudan 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,734 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. Jorudan Co's current Piotroski F-Score of 9 is 80% 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 Jorudan Co and its competitors. For the Software 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. Jorudan Co's current Piotroski F-Score is 9, which is 50% 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 Jorudan Co stock overvalued right now?
Based on GuruFocus' analysis, Jorudan Co (TSE:3710) is currently considered Fairly Valued. The stock's GF Value™ is 円629.29, compared to a current price of 円620.00 — trading 1.5% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Software industry median of 5.00. Jorudan Co's overall GF Score™ is 64/100 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 Jorudan Co (TSE:3710), the current Piotroski F-Score is 9 as of Jul. 08, 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 Jorudan Co (TSE:3710) Overvalued in 2026?

Based on GuruFocus' analysis, Jorudan Co stock appears to be undervalued. The current stock price of 円620.00 is trading 1.5% below its estimated GF Value™ of 円629.29. GuruFocus considers Jorudan Co to be Fairly Valued.

Key valuation signals for TSE:3710:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: 円629.29 vs. price of 円620.00 (1.5% below fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 80% above the Software median (#1 of 2734)

No single metric tells the full story. See the TSE:3710 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jorudan Co Business Description

Address 5-10,Shinjuku 2-chome Shinjuku-ku, Tokyo, JPN, 160-0022
Jorudan Co Ltd is engaged in software applications and system architecture. It develops program, manufacture of systems, digital contents, and internet contents. It provides services to Japan transit planner which helps to search routes, fares, and schedules of trains and airplanes all over Japan.
64GF Score

Get the complete analysis for TSE:3710

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

円620.00
Price
円629.29
GF Value