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Value GolfTSE:3931 -0.89%50 Piotroski F-Score is 3 as of Jul. 15, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates TSE:3931 with a GF Score™ of 50/100 and a GF Value™ of 円1,280.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,005 Media - Diversified companies, Value Golf ranks worse than 80.1% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
Value Golf has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Value Golf's Piotroski F-Score or its related term are showing as below:
TSE:3931'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 3
During the past 12 years, the highest Piotroski F-Score of Value Golf was 6. The lowest was 3. And the median was 4.
Value Golf (TSE:3931) 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.
Value Golf Piotroski F-Score Related Terms
Value Golf Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Value Golf'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:3931 vs NYT, WLY: Piotroski F-Score Comparison
For the Publishing subindustry, Value Golf'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.
Value Golf Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Value Golf's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Value Golf'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.
Value Golf's current Net Income (TTM) was -8.
==> 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.
Value Golf's return on assets of this year was -0.0030016. Value Golf's return on assets of last year was 0.0020949.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Value Golf's gearing of this year was 0.04434798. Value Golf's gearing of last year was 0.06216291.
==> 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
Value Golf's current ratio of this year was 1.40379635. Value Golf's current ratio of last year was 1.65002854.
==> 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.
Value Golf's number of shares in issue this year was 1.807. Value Golf's number of shares in issue last year was 1.807.
==> 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.
Value Golf's gross margin of this year was 0.35051317. Value Golf's gross margin of last year was 0.35610942.
==> 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
Value Golf's asset turnover of this year was 1.67177483. Value Golf's asset turnover of last year was 1.5667432.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Value Golf has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Value Golf (TSE:3931) has a Piotroski F-Score of 3 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Value Golf and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Value Golf's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Value Golf ranks #805 out of 1005 companies in the Media - Diversified industry, placing it in the top 80.1%.
Is Value Golf's Piotroski F-Score too high?
Value Golf's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Value Golf's value of 3 is 40% below this industry median. Based on the distribution chart, Value Golf ranks #805 out of 1005 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Value Golf has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Value Golf's Piotroski F-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Value Golf ranks #805 out of 1005 companies for Piotroski F-Score. This places Value Golf in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Value Golf's value of 3 is 40% below this benchmark. Historically, Value Golf's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Value Golf 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,005 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. Value Golf's current Piotroski F-Score of 3 is 40% 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 Value Golf and its competitors. For the Media - Diversified 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. Value Golf's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Golf stock overvalued right now?
Based on GuruFocus' analysis, Value Golf (TSE:3931) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,280.89, compared to a current price of 円1,883.00 — trading 47% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Media - Diversified industry median of 5.00. Value Golf's overall GF Score™ is 50/100 with 8 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 Value Golf (TSE:3931), the current Piotroski F-Score is 3 as of Jul. 15, 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 Value Golf (TSE:3931) Overvalued in 2026?
Based on GuruFocus' analysis, Value Golf stock appears to be overvalued.
The current stock price of 円1,883.00 is trading 47% above its estimated GF Value™ of 円1,280.89.
GuruFocus considers Value Golf to be Significantly Overvalued.
Key valuation signals for TSE:3931:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: 円1,280.89 vs. price of 円1,883.00 (47% above fair value)
Industry Position: 40% below the Media - Diversified median (#805 of 1005)
No single metric tells the full story. See the TSE:3931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Value Golf Inc is engaged in the management of golf-related media, issues Golf magazines, and manages WEB services, develops systems and provides ASP services related to golf. It offers value service in both real and WEB. It also has advertisement media production business and medical business which include publication, service management for medical institutions.
50GF Score
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