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User LocalTSE:3984 +0.72%88 Piotroski F-Score is 7 as of Aug. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:3984 with a GF Score™ of 88/100 and a GF Value™ of 円2,652.30 (Significantly Undervalued). Among 2,745 Software companies, User Local ranks better than 92.13% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
User Local has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for User Local's Piotroski F-Score or its related term are showing as below:
TSE:3984'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 8
Current: 7
During the past 12 years, the highest Piotroski F-Score of User Local was 8. The lowest was 4. And the median was 7.
User Local (TSE:3984) 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.
User Local Piotroski F-Score Related Terms
User Local Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for User Local'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:3984 vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, User Local'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.
User Local Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, User Local's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where User Local'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.
User Local's current Net Income (TTM) was 1,635.
==> 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.
User Local's return on assets of this year was 0.16394941. User Local's return on assets of last year was 0.16179094.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
User Local's current ratio of this year was 6.0284442. User Local's current ratio of last year was 7.25745202.
==> 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.
User Local's number of shares in issue this year was 15.945. User Local's number of shares in issue last year was 16.114.
==> 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.
User Local's gross margin of this year was 0.89007625. User Local's gross margin of last year was 0.89913064.
==> 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
User Local's asset turnover of this year was 0.5358575. User Local's asset turnover of last year was 0.51860741.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
User Local has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
User Local (TSE:3984) has a Piotroski F-Score of 7 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on User Local and its competitors. This is near median its historical median of 7.00. Over the past decade, User Local's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, User Local ranks #216 out of 2745 companies in the Software industry, placing it in the top 7.9%.
Is User Local's Piotroski F-Score too high?
User Local's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. 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. User Local's value of 7 is 40% above this industry median. Based on the distribution chart, User Local ranks #216 out of 2745 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, User Local has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does User Local's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, User Local ranks #216 out of 2745 companies for Piotroski F-Score. This places User Local in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. User Local's value of 7 is 40% above this benchmark. Historically, User Local'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 7.00 vs. the industry median of 5.00, User Local 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,745 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. User Local's current Piotroski F-Score of 7 is 40% 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 User Local 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. User Local's current Piotroski F-Score is 7, which is near 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 User Local stock overvalued right now?
Based on GuruFocus' analysis, User Local (TSE:3984) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,652.30, compared to a current price of 円1,535.00 — trading 42.1% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Software industry median of 5.00. User Local's overall GF Score™ is 88/100. 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 User Local (TSE:3984), the current Piotroski F-Score is 7 as of Aug. 27, 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 User Local (TSE:3984) Overvalued in 2026?
Based on GuruFocus' analysis, User Local stock appears to be undervalued.
The current stock price of 円1,535.00 is trading 42.1% below its estimated GF Value™ of 円2,652.30.
GuruFocus considers User Local to be Significantly Undervalued.
Key valuation signals for TSE:3984:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: 円2,652.30 vs. price of 円1,535.00 (42.1% below fair value)
Industry Position: 40% above the Software median (#216 of 2745)
No single metric tells the full story. See the TSE:3984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
User Local Inc is engaged in the research and development of big data analysis system, web marketing support tool, offering media analysis tool, and managing artificial intelligence chat bot.
88GF Score
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