Wealth Management (TSE:3772) Piotroski F-Score: 1 (As of Aug. 02, 2026) — 80% Below Median

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3772 Wealth Management Inc TSE:3772
57 GF Score
Price 円1,049.00
GF Value 円843.67
Valuation Modestly Overvalued
! 14 Warning Signs
View Full Analysis

What is Wealth Management Piotroski F-Score?

Wealth Management TSE:3772 -0.29% 57 Piotroski F-Score is 1 as of Aug. 02, 2026, which is 80% below its 10-year median of 5.00. GuruFocus rates TSE:3772 with a GF Score™ of 57/100 and a GF Value™ of 円843.67 (Modestly Overvalued). The stock has 14 warning signs investors should review. Among 1,753 Real Estate companies, Wealth Management ranks worse than 98.4% on this metric.

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Wealth Management has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

TSE:3772' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 1

During the past 13 years, the highest Piotroski F-Score of Wealth Management was 7. The lowest was 1. And the median was 5.

Wealth Management  (TSE:3772) 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.


Wealth Management Piotroski F-Score Related Terms


Wealth Management Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wealth Management'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.

Wealth Management Piotroski F-Score Chart

Wealth Management 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 6.00 4.00 5.00 3.00 1.00

Wealth Management 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 3.00 0.00 1.00

Wealth Management Piotroski F-Score Competitor Comparison

For the Real Estate - Diversified subindustry, Wealth Management'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.


Wealth Management Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Wealth Management's Piotroski F-Score distribution charts can be found below:

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


TSE:3772
57GF Score
Wealth Management Inc TSE:3772
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-1,178 Mil.
Cash Flow from Operations was 円-25,198 Mil.
Revenue was 円15,109 Mil.
Gross Profit was 円3,024 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (62102.417 + 89301.905) / 2 = 円75702.161 Mil.
Total Assets at the begining of this year (Mar25) was 円62,102 Mil.
Long-Term Debt & Capital Lease Obligation was 円29,410 Mil.
Total Current Assets was 円75,824 Mil.
Total Current Liabilities was 円32,507 Mil.
Net Income was 円1,103 Mil.

Revenue was 円18,310 Mil.
Gross Profit was 円5,840 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (55230.248 + 62102.417) / 2 = 円58666.3325 Mil.
Total Assets at the begining of last year (Mar24) was 円55,230 Mil.
Long-Term Debt & Capital Lease Obligation was 円26,849 Mil.
Total Current Assets was 円53,697 Mil.
Total Current Liabilities was 円7,237 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.

Wealth Management's current Net Income (TTM) was -1,178. ==> Negative ==> Score 0.

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.

Wealth Management's current Cash Flow from Operations (TTM) was -25,198. ==> 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)
=-1177.801/62102.417
=-0.01896546

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1102.812/55230.248
=0.01996754

Wealth Management's return on assets of this year was -0.01896546. Wealth Management's return on assets of last year was 0.01996754. ==> 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.

Wealth Management's current Net Income (TTM) was -1,178. Wealth Management's current Cash Flow from Operations (TTM) was -25,198. ==> -25,198 <= -1,178 ==> 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
=29410.389/75702.161
=0.38850131

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=26849.462/58666.3325
=0.45766389

Wealth Management's gearing of this year was 0.38850131. Wealth Management's gearing of last year was 0.45766389. ==> 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
=75823.777/32506.972
=2.33253891

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=53697.329/7237.082
=7.41974859

Wealth Management's current ratio of this year was 2.33253891. Wealth Management's current ratio of last year was 7.41974859. ==> 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.

Wealth Management's number of shares in issue this year was 19.179. Wealth Management's number of shares in issue last year was 19.161. ==> 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
=3023.755/15109.435
=0.20012363

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5840.333/18310.289
=0.31896455

Wealth Management's gross margin of this year was 0.20012363. Wealth Management's gross margin of last year was 0.31896455. ==> 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 (Mar25)
=15109.435/62102.417
=0.24329866

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=18310.289/55230.248
=0.33152647

Wealth Management's asset turnover of this year was 0.24329866. Wealth Management's asset turnover of last year was 0.33152647. ==> 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
=0+0+0+0+1+0+0+0+0
=1

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

Wealth Management has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
Wealth Management (TSE:3772) has a Piotroski F-Score of 1 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wealth Management and its competitors. This is 80% below median its historical median of 5.00. Over the past decade, Wealth Management's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Wealth Management ranks #1725 out of 1753 companies in the Real Estate industry, placing it in the top 98.4%.
Is Wealth Management's Piotroski F-Score too high?
Wealth Management's current Piotroski F-Score of 1 is 80% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Wealth Management's value of 1 is 80% below this industry median. Based on the distribution chart, Wealth Management ranks #1725 out of 1753 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Wealth Management has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wealth Management's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Wealth Management ranks #1725 out of 1753 companies for Piotroski F-Score. This places Wealth Management in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Wealth Management's value of 1 is 80% below this benchmark. Historically, Wealth Management's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Wealth Management 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Wealth Management's current Piotroski F-Score of 1 is 80% 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 Wealth Management 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. Wealth Management's current Piotroski F-Score is 1, which is 80% 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 Wealth Management stock overvalued right now?
Based on GuruFocus' analysis, Wealth Management (TSE:3772) is currently considered Modestly Overvalued. The stock's GF Value™ is 円843.67, compared to a current price of 円1,049.00 — trading 24.3% above its estimated fair value. The current Piotroski F-Score is 1, which is 80% below median its 10-year median of 5.00 and 80% below the Real Estate industry median of 5.00. Wealth Management's overall GF Score™ is 57/100 with 14 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 Wealth Management (TSE:3772), the current Piotroski F-Score is 1 as of Aug. 02, 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 Wealth Management (TSE:3772) Overvalued in 2026?

Based on GuruFocus' analysis, Wealth Management stock appears to be overvalued. The current stock price of 円1,049.00 is trading 24.3% above its estimated GF Value™ of 円843.67. GuruFocus considers Wealth Management to be Modestly Overvalued.

Key valuation signals for TSE:3772:

  • Piotroski F-Score: 1 (80% below median its 10-year median of 5.00)
  • GF Value™: 円843.67 vs. price of 円1,049.00 (24.3% above fair value)
  • GF Score™: 57/100 with 14 warning signs
  • Industry Position: 80% below the Real Estate median (#1725 of 1753)

No single metric tells the full story. See the TSE:3772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wealth Management Business Description

Address 1-12-32 Akasaka, 33rd Floor, Ark Mori Building, Minato-ku, Tokyo, JPN, 107-6090
Wealth Management Inc, along with its subsidiaries, operates in the following reportable segments: Asset management business, Real Estate business, and Hotel operation business. The majority of its revenue is generated from the Real Estate business, which is engaged in the acquisition, development, ownership, sale, and rental (master lease), etc., of real estate. The Asset management business is engaged in the operation and management of real estate and also provides investment advice on the acquisition, sale, and management of real estate. The Hotel operation business provides various services related to hotel operation, such as revenue management, on-site management of hotels, and consulting on hotel opening and operation.
57GF Score

Get the complete analysis for TSE:3772

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

円1,049.00
Price
円843.67
GF Value