T&S Group (TSE:4055) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 40% Below Median


TSE:4055 T&S Group Inc TSE:4055
67 GF Score
Price 円1,844.00
GF Value 円1,981.57
Valuation Fairly Valued
! 1 Warning Sign
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What is T&S Group Piotroski F-Score?

T&S Group TSE:4055 -4.31% 67 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates TSE:4055 with a GF Score™ of 67/100 and a GF Value™ of 円1,981.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,744 Software companies, T&S Group ranks worse than 78.94% 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

T&S Group 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 T&S Group's Piotroski F-Score or its related term are showing as below:

TSE:4055' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 3

During the past 7 years, the highest Piotroski F-Score of T&S Group was 6. The lowest was 3. And the median was 5.

T&S Group  (TSE:4055) 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.


T&S Group Piotroski F-Score Related Terms


T&S Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for T&S Group'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.

T&S Group Piotroski F-Score Chart

T&S Group Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial 5.00 3.00 6.00 5.00 3.00

T&S Group Semi-Annual Data
Nov18 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 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 5.00 0.00 0.00 0.00 0.00

TSE:4055 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, T&S Group'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.


T&S Group Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, T&S Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where T&S Group's Piotroski F-Score falls into.


TSE:4055
67GF Score
T&S Group Inc TSE:4055
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 (Sep24) TTM:Last Year (Nov23) TTM:
Net Income was 円0 Mil.
Cash Flow from Operations was 円0 Mil.
Revenue was 円0 Mil.
Gross Profit was 円0 Mil.
Average Total Assets from the begining of this year (Nov23)
to the end of this year (Sep24) was (2616.461 + 2921.098) / 2 = 円2768.7795 Mil.
Total Assets at the begining of this year (Nov23) was 円2,616 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,774 Mil.
Total Current Liabilities was 円424 Mil.
Net Income was 円474 Mil.

Revenue was 円3,443 Mil.
Gross Profit was 円1,055 Mil.
Average Total Assets from the begining of last year (Nov22)
to the end of last year (Nov23) was (2281.5 + 2616.461) / 2 = 円2448.9805 Mil.
Total Assets at the begining of last year (Nov22) was 円2,282 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,452 Mil.
Total Current Liabilities was 円396 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.

T&S Group's current Net Income (TTM) was 0. ==> 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.

Score 1 if positive, 0 if negative.

T&S Group's current Cash Flow from Operations (TTM) was 0. ==> 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 (Nov23)
=0/2616.461
=0

ROA (Last Year)=Net Income/Total Assets (Nov22)
=473.829/2281.5
=0.2076831

T&S Group's return on assets of this year was 0. T&S Group's return on assets of last year was 0.2076831. ==> Last year is higher ==> Score 0.

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.

T&S Group's current Net Income (TTM) was 0. T&S Group's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 0 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Sep24
=0/2768.7795
=0

Gearing (Last Year: Nov23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov22 to Nov23
=0/2448.9805
=0

T&S Group's gearing of this year was 0. T&S Group's gearing of last year was 0. ==> 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: Sep24)=Total Current Assets/Total Current Liabilities
=2774.116/424.302
=6.53806958

Current Ratio (Last Year: Nov23)=Total Current Assets/Total Current Liabilities
=2452.145/395.82
=6.19510131

T&S Group's current ratio of this year was 6.53806958. T&S Group's current ratio of last year was 6.19510131. ==> 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.

T&S Group's number of shares in issue this year was 0. T&S Group's number of shares in issue last year was 7.62. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1054.874/3442.875
=0.30639335

T&S Group's gross margin of this year was . T&S Group's gross margin of last year was 0.30639335. ==> 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 (Nov23)
=0/2616.461
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov22)
=3442.875/2281.5
=1.50904011

T&S Group's asset turnover of this year was 0. T&S Group's asset turnover of last year was 1.50904011. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+0+1+1+1+0+0
=3

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

T&S Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
T&S Group (TSE:4055) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on T&S Group and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, T&S Group's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, T&S Group ranks #2166 out of 2744 companies in the Software industry, placing it in the top 78.9%.
Is T&S Group's Piotroski F-Score too high?
T&S Group's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. T&S Group's value of 3 is 40% below this industry median. Based on the distribution chart, T&S Group ranks #2166 out of 2744 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, T&S Group has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T&S Group's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, T&S Group ranks #2166 out of 2744 companies for Piotroski F-Score. This places T&S Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. T&S Group's value of 3 is 40% below this benchmark. Historically, T&S Group'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 5.00 vs. the industry median of 5.00, T&S Group 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. T&S Group'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 T&S Group 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. T&S Group's current Piotroski F-Score is 3, which is 40% below 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 T&S Group stock overvalued right now?
Based on GuruFocus' analysis, T&S Group (TSE:4055) is currently considered Fairly Valued. The stock's GF Value™ is 円1,981.57, compared to a current price of 円1,844.00 — trading 6.9% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Software industry median of 5.00. T&S Group's overall GF Score™ is 67/100 with 1 warning sign 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 T&S Group (TSE:4055), the current Piotroski F-Score is 3 as of Jun. 28, 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 T&S Group (TSE:4055) Overvalued in 2026?

Based on GuruFocus' analysis, T&S Group stock appears to be undervalued. The current stock price of 円1,844.00 is trading 6.9% below its estimated GF Value™ of 円1,981.57. GuruFocus considers T&S Group to be Fairly Valued.

Key valuation signals for TSE:4055:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: 円1,981.57 vs. price of 円1,844.00 (6.9% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 40% below the Software median (#2166 of 2744)

No single metric tells the full story. See the TSE:4055 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T&S Group Business Description

Address 3-6-3 Minatomirai, MM Park Building 11th floor, Nishi-ku Yokohama, Kanagawa, Yokkaichi, JPN, 220-0012
T&S Group Inc formerly T&S inc is a provider of system development, system operation, maintenance and infrastructure design for companies and semiconductor fabrication plants, Artificial Intelligence(AI) related software development. The company's business is divided into Solution category; Semiconductor category; and Advanced technology solution category. The solution category focuses on contracts (development, operation and maintenance) for corporate customers. The semiconductor category is in charge of overall IT infrastructure operation support such as maintenance and operation services for factory systems and IT help desks. The Advanced Technology Solution Category is used in industrial fields AI, image processing/recognition/machine learning, robots, automated driving.
67GF Score

Get the complete analysis for TSE:4055

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

円1,844.00
Price
円1,981.57
GF Value