Benefit Japan Co (TSE:3934) Piotroski F-Score: 5 (As of Jul. 12, 2026) — Near Median


TSE:3934 Benefit Japan Co Ltd TSE:3934
81 GF Score
Price 円2,215.00
GF Value 円1,882.52
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Benefit Japan Co Piotroski F-Score?

Benefit Japan Co TSE:3934 +0.45% 81 Piotroski F-Score is 5 as of Jul. 12, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:3934 with a GF Score™ of 81/100 and a GF Value™ of 円1,882.52 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 352 Telecommunication Services companies, Benefit Japan Co ranks worse than 51.14% 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

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

TSE:3934' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 12 years, the highest Piotroski F-Score of Benefit Japan Co was 8. The lowest was 2. And the median was 5.

Benefit Japan Co  (TSE:3934) 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.


Benefit Japan Co Piotroski F-Score Related Terms


Benefit Japan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Benefit Japan 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.

Benefit Japan Co Piotroski F-Score Chart

Benefit Japan 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 3.00 8.00 7.00 5.00

Benefit Japan 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 8.00 0.00 7.00 0.00 5.00

TSE:3934 vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Benefit Japan 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.


Benefit Japan Co Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's Piotroski F-Score distribution charts can be found below:

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


TSE:3934
81GF Score
Benefit Japan Co Ltd TSE:3934
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995 Mil.
Cash Flow from Operations was 円-332 Mil.
Revenue was 円18,394 Mil.
Gross Profit was 円10,468 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (11861.49 + 14334.207) / 2 = 円13097.8485 Mil.
Total Assets at the begining of this year (Mar25) was 円11,861 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,088 Mil.
Total Current Assets was 円13,095 Mil.
Total Current Liabilities was 円4,417 Mil.
Net Income was 円831 Mil.

Revenue was 円12,745 Mil.
Gross Profit was 円7,351 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (11202.778 + 11861.49) / 2 = 円11532.134 Mil.
Total Assets at the begining of last year (Mar24) was 円11,203 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,289 Mil.
Total Current Assets was 円11,045 Mil.
Total Current Liabilities was 円2,550 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.

Benefit Japan Co's current Net Income (TTM) was 995. ==> 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.

Benefit Japan Co's current Cash Flow from Operations (TTM) was -332. ==> 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)
=995.211/11861.49
=0.0839027

ROA (Last Year)=Net Income/Total Assets (Mar24)
=830.895/11202.778
=0.07416866

Benefit Japan Co's return on assets of this year was 0.0839027. Benefit Japan Co's return on assets of last year was 0.07416866. ==> 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.

Benefit Japan Co's current Net Income (TTM) was 995. Benefit Japan Co's current Cash Flow from Operations (TTM) was -332. ==> -332 <= 995 ==> 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
=1087.959/13097.8485
=0.08306395

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1289.132/11532.134
=0.11178608

Benefit Japan Co's gearing of this year was 0.08306395. Benefit Japan Co's gearing of last year was 0.11178608. ==> 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
=13095.242/4416.544
=2.9650428

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=11045.268/2549.537
=4.33226425

Benefit Japan Co's current ratio of this year was 2.9650428. Benefit Japan Co's current ratio of last year was 4.33226425. ==> 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.

Benefit Japan Co's number of shares in issue this year was 5.871. Benefit Japan Co's number of shares in issue last year was 5.886. ==> 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
=10467.933/18393.959
=0.56909625

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7351.025/12745.109
=0.57677223

Benefit Japan Co's gross margin of this year was 0.56909625. Benefit Japan Co's gross margin of last year was 0.57677223. ==> 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)
=18393.959/11861.49
=1.55072921

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12745.109/11202.778
=1.13767398

Benefit Japan Co's asset turnover of this year was 1.55072921. Benefit Japan Co's asset turnover of last year was 1.13767398. ==> 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+0+1+0+1+0+1+0+1
=5

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

Benefit Japan Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Benefit Japan Co (TSE:3934) has a Piotroski F-Score of 5 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Benefit Japan Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Benefit Japan Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Benefit Japan Co ranks #180 out of 352 companies in the Telecommunication Services industry, placing it in the top 51.1%.
Is Benefit Japan Co's Piotroski F-Score too high?
Benefit Japan Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Benefit Japan Co's value of 5 is 16.7% below this industry median. Based on the distribution chart, Benefit Japan Co ranks #180 out of 352 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Benefit Japan Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Japan Co's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Benefit Japan Co ranks #180 out of 352 companies for Piotroski F-Score. This places Benefit Japan Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Benefit Japan Co's value of 5 is 16.7% below this benchmark. Historically, Benefit Japan 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 5.00 vs. the industry median of 6.00, Benefit Japan Co 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 352 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. Benefit Japan Co's current Piotroski F-Score of 5 is 16.7% 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 Benefit Japan Co and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Japan Co's current Piotroski F-Score is 5, which is near 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 Benefit Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Benefit Japan Co (TSE:3934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,882.52, compared to a current price of 円2,215.00 — trading 17.7% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Telecommunication Services industry median of 6.00. Benefit Japan Co's overall GF Score™ is 81/100 with 3 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 Benefit Japan Co (TSE:3934), the current Piotroski F-Score is 5 as of Jul. 12, 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 Benefit Japan Co (TSE:3934) Overvalued in 2026?

Based on GuruFocus' analysis, Benefit Japan Co stock appears to be overvalued. The current stock price of 円2,215.00 is trading 17.7% above its estimated GF Value™ of 円1,882.52. GuruFocus considers Benefit Japan Co to be Modestly Overvalued.

Key valuation signals for TSE:3934:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円1,882.52 vs. price of 円2,215.00 (17.7% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 16.7% below the Telecommunication Services median (#180 of 352)

No single metric tells the full story. See the TSE:3934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Benefit Japan Co Business Description

Address Doshomachi 1-chome, 5-18, Asahi Seimei Doshomachi Building, 8th Floor, Chuo-ku, Osaka, JPN, 150-988
Benefit Japan Co Ltd provides communication services. The company is a mobile virtual network operator, as well as an FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under the Only Service brand name. The company's reportable segments are the Internet communication services business and the robotics business. The company generates the majority of its revenue from the Internet communication services business.
81GF Score

Get the complete analysis for TSE:3934

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

円2,215.00
Price
円1,882.52
GF Value