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Double StandardTSE:3925 +0.74%71 Piotroski F-Score is 5 as of Jul. 22, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:3925 with a GF Score™ of 71/100 and a GF Value™ of 円1,563.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,738 Software companies, Double Standard ranks better than 59.42% 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
Double Standard 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 Double Standard's Piotroski F-Score or its related term are showing as below:
TSE:3925'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 5
During the past 12 years, the highest Piotroski F-Score of Double Standard was 8. The lowest was 4. And the median was 6.
Double Standard (TSE:3925) 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.
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.
Double Standard Piotroski F-Score Related Terms
Double Standard Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Double Standard'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.
TSE:3925 vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Double Standard'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.
Double Standard Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Double Standard's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Double Standard's Piotroski F-Score falls into.
* 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.
*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.
Double Standard's current Net Income (TTM) was 1,108.
==> 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.
Double Standard's return on assets of this year was 0.14717156. Double Standard's return on assets of last year was 0.27069118.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Double Standard's current ratio of this year was 9.83433745. Double Standard's current ratio of last year was 5.84451524.
==> 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.
Double Standard's number of shares in issue this year was 13.516. Double Standard's number of shares in issue last year was 13.516.
==> 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.
Double Standard's gross margin of this year was 0.4107486. Double Standard's gross margin of last year was 0.4843887.
==> 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
Double Standard's asset turnover of this year was 0.93154519. Double Standard's asset turnover of last year was 1.21512235.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Double Standard has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Double Standard (TSE:3925) has a Piotroski F-Score of 5 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Double Standard and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Double Standard's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Double Standard ranks #1111 out of 2738 companies in the Software industry, placing it in the top 40.6%.
Is Double Standard's Piotroski F-Score too high?
Double Standard'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 4.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Double Standard's value of 5 is 0% at this industry median. Based on the distribution chart, Double Standard ranks #1111 out of 2738 companies in the Software industry, which is above the industry midpoint. Overall, Double Standard has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Double Standard's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Double Standard ranks #1111 out of 2738 companies for Piotroski F-Score. This puts Double Standard in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Double Standard's value of 5 is 0% at this benchmark. Historically, Double Standard's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Double Standard 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,738 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. Double Standard'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 Double Standard 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. Double Standard'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 Double Standard stock overvalued right now?
Based on GuruFocus' analysis, Double Standard (TSE:3925) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,563.59, compared to a current price of 円1,229.00 — trading 21.4% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software industry median of 5.00. Double Standard's overall GF Score™ is 71/100 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 Double Standard (TSE:3925), the current Piotroski F-Score is 5 as of Jul. 22, 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 Double Standard (TSE:3925) Overvalued in 2026?
Based on GuruFocus' analysis, Double Standard stock appears to be undervalued.
The current stock price of 円1,229.00 is trading 21.4% below its estimated GF Value™ of 円1,563.59.
GuruFocus considers Double Standard to be Modestly Undervalued.
Key valuation signals for TSE:3925:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: 円1,563.59 vs. price of 円1,229.00 (21.4% below fair value)
Industry Position: 0% at the Software median (#1111 of 2738)
No single metric tells the full story. See the TSE:3925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Double Standard Inc is a business support company that generates and provides enterprise Big data. It also provides service planning and system development services using technology developed in the data generation process. The company operates through two business divisions: Big Data related business and the Services Planning Development business. The Big Data related business mainly provides customers the data related to operation support and business reduction, as well as the high utilization value content, among others. The Services Planning Development business mainly provides services based on the research of the way customer and enterprise business process, using information collection, processing, and matching, as well as data cleansing technology.
71GF Score
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