Drecom Co (TSE:3793) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 14% Above Median


TSE:3793 Drecom Co Ltd TSE:3793
72 GF Score
Price 円393.00
GF Value 円1,083.73
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Drecom Co Piotroski F-Score?

Drecom Co TSE:3793 72 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:3793 with a GF Score™ of 72/100 and a GF Value™ of 円1,083.73 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 550 Interactive Media companies, Drecom Co ranks better than 97.82% 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

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

TSE:3793' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Drecom Co was 8. The lowest was 2. And the median was 7.

Drecom Co  (TSE:3793) 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.


Drecom Co Piotroski F-Score Related Terms


Drecom Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Drecom 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.

Drecom Co Piotroski F-Score Chart

Drecom 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 7.00 8.00 2.00 4.00 8.00

Drecom Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 4.00 0.00 0.00 0.00 8.00

TSE:3793 vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Drecom 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.


Drecom Co Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Drecom Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3793
72GF Score
Drecom Co Ltd TSE:3793
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214 Mil.
Cash Flow from Operations was 円2,198 Mil.
Revenue was 円17,548 Mil.
Gross Profit was 円5,430 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (13506.236 + 11876.052) / 2 = 円12691.144 Mil.
Total Assets at the begining of this year (Mar25) was 円13,506 Mil.
Long-Term Debt & Capital Lease Obligation was 円522 Mil.
Total Current Assets was 円9,227 Mil.
Total Current Liabilities was 円6,064 Mil.
Net Income was 円-1,036 Mil.

Revenue was 円12,655 Mil.
Gross Profit was 円3,477 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (14148.422 + 13506.236) / 2 = 円13827.329 Mil.
Total Assets at the begining of last year (Mar24) was 円14,148 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,890 Mil.
Total Current Assets was 円7,842 Mil.
Total Current Liabilities was 円5,307 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.

Drecom Co's current Net Income (TTM) was 214. ==> 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.

Drecom Co's current Cash Flow from Operations (TTM) was 2,198. ==> 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)
=213.669/13506.236
=0.01582003

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1035.569/14148.422
=-0.07319325

Drecom Co's return on assets of this year was 0.01582003. Drecom Co's return on assets of last year was -0.07319325. ==> 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.

Drecom Co's current Net Income (TTM) was 214. Drecom Co's current Cash Flow from Operations (TTM) was 2,198. ==> 2,198 > 214 ==> 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
=522/12691.144
=0.04113104

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2889.661/13827.329
=0.20898186

Drecom Co's gearing of this year was 0.04113104. Drecom Co's gearing of last year was 0.20898186. ==> 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
=9226.718/6063.966
=1.52156493

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7842.218/5307.477
=1.47757927

Drecom Co's current ratio of this year was 1.52156493. Drecom Co's current ratio of last year was 1.47757927. ==> 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.

Drecom Co's number of shares in issue this year was 28.835. Drecom Co's number of shares in issue last year was 28.686. ==> 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
=5429.831/17547.778
=0.30943126

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3477.47/12655.184
=0.27478621

Drecom Co's gross margin of this year was 0.30943126. Drecom Co's gross margin of last year was 0.27478621. ==> 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)
=17547.778/13506.236
=1.29923526

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12655.184/14148.422
=0.89445904

Drecom Co's asset turnover of this year was 1.29923526. Drecom Co's asset turnover of last year was 0.89445904. ==> 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

Drecom 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?
Drecom Co (TSE:3793) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Drecom Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Drecom Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Drecom Co ranks #12 out of 550 companies in the Interactive Media industry, placing it in the top 2.2%.
Is Drecom Co's Piotroski F-Score too high?
Drecom 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 2.00 to a high of 8.00. The Interactive Media industry median Piotroski F-Score is 5.00. Drecom Co's value of 8 is 60% above this industry median. Based on the distribution chart, Drecom Co ranks #12 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Drecom Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Drecom Co's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Drecom Co ranks #12 out of 550 companies for Piotroski F-Score. This places Drecom Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Drecom Co's value of 8 is 60% above this benchmark. Historically, Drecom Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Drecom 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Drecom 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 Drecom Co and its competitors. For the Interactive Media 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. Drecom 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 Drecom Co stock overvalued right now?
Based on GuruFocus' analysis, Drecom Co (TSE:3793) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,083.73, compared to a current price of 円393.00 — trading 63.7% below 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 Interactive Media industry median of 5.00. Drecom Co's overall GF Score™ is 72/100 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 Drecom Co (TSE:3793), the current Piotroski F-Score is 8 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 Drecom Co (TSE:3793) Overvalued in 2026?

Based on GuruFocus' analysis, Drecom Co stock appears to be undervalued. The current stock price of 円393.00 is trading 63.7% below its estimated GF Value™ of 円1,083.73. GuruFocus considers Drecom Co to be Significantly Undervalued.

Key valuation signals for TSE:3793:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円1,083.73 vs. price of 円393.00 (63.7% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 60% above the Interactive Media median (#12 of 550)

No single metric tells the full story. See the TSE:3793 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Drecom Co Business Description

Address ARCO Tower 17F, 8-1 1-chome, Meguro-ku, Tokyo, JPN, 153-0064
Drecom Co Ltd is engaged in the entertainment web and marketing solution businesses. The Entertainment Web segment plans and develops entertainment contents whereas Marketing Solution segment develops corporate marketing services through Internet.
72GF Score

Get the complete analysis for TSE:3793

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

円393.00
Price
円1,083.73
GF Value