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Paycloud HoldingsTSE:4015 +0.19%73 Piotroski F-Score is 5 as of Aug. 02, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:4015 with a GF Score™ of 73/100 and a GF Value™ of 円800.23 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,730 Software companies, Paycloud Holdings ranks better than 59.49% 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
Paycloud Holdings 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 Paycloud Holdings's Piotroski F-Score or its related term are showing as below:
TSE:4015'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 6
Current: 5
During the past 8 years, the highest Piotroski F-Score of Paycloud Holdings was 6. The lowest was 2. And the median was 5.
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.
Paycloud Holdings Piotroski F-Score Related Terms
Paycloud Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Paycloud Holdings'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:4015 vs QH, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, Paycloud Holdings'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.
Paycloud Holdings Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Paycloud Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Paycloud Holdings'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.
Paycloud Holdings's current Net Income (TTM) was 144.
==> 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.
Paycloud Holdings's return on assets of this year was 0.01739785. Paycloud Holdings's return on assets of last year was 0.0168457.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Paycloud Holdings's gearing of this year was 0.08667459. Paycloud Holdings's gearing of last year was 0.17318654.
==> 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
Paycloud Holdings's current ratio of this year was 1.5859827. Paycloud Holdings's current ratio of last year was 1.72434086.
==> 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.
Paycloud Holdings's number of shares in issue this year was 16.189. Paycloud Holdings's number of shares in issue last year was 14.07.
==> 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.
Paycloud Holdings's gross margin of this year was 0.39133194. Paycloud Holdings's gross margin of last year was 0.43896967.
==> 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
Paycloud Holdings's asset turnover of this year was 1.23856689. Paycloud Holdings's asset turnover of last year was 1.55700693.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Paycloud Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Paycloud Holdings (TSE:4015) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Paycloud Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Paycloud Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Paycloud Holdings ranks #1106 out of 2730 companies in the Software industry, placing it in the top 40.5%.
Is Paycloud Holdings' Piotroski F-Score too high?
Paycloud Holdings' 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 6.00. The Software industry median Piotroski F-Score is 5.00. Paycloud Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Paycloud Holdings ranks #1106 out of 2730 companies in the Software industry, which is above the industry midpoint. Overall, Paycloud Holdings has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paycloud Holdings' Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, Paycloud Holdings ranks #1106 out of 2730 companies for Piotroski F-Score. This puts Paycloud Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Paycloud Holdings' value of 5 is 0% at this benchmark. Historically, Paycloud Holdings' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Paycloud Holdings 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 2,730 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. Paycloud Holdings'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 Paycloud Holdings 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. Paycloud Holdings'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 Paycloud Holdings stock overvalued right now?
Based on GuruFocus' analysis, Paycloud Holdings (TSE:4015) is currently considered Significantly Undervalued. The stock's GF Value™ is 円800.23, compared to a current price of 円541.00 — trading 32.4% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Software industry median of 5.00. Paycloud Holdings' overall GF Score™ is 73/100 with 4 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 Paycloud Holdings (TSE:4015), the current Piotroski F-Score is 5 as of Aug. 02, 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 Paycloud Holdings (TSE:4015) Overvalued in 2026?
Based on GuruFocus' analysis, Paycloud Holdings stock appears to be undervalued.
The current stock price of 円541.00 is trading 32.4% below its estimated GF Value™ of 円800.23.
GuruFocus considers Paycloud Holdings to be Significantly Undervalued.
Key valuation signals for TSE:4015:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: 円800.23 vs. price of 円541.00 (32.4% below fair value)
Industry Position: 0% at the Software median (#1106 of 2730)
No single metric tells the full story. See the TSE:4015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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