Susmed (TSE:4263) Piotroski F-Score: 5 (As of Jul. 06, 2026) — Near Median


TSE:4263 Susmed Inc TSE:4263
69 GF Score
Price 円818.00
GF Value 円974.33
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Susmed Piotroski F-Score?

Susmed TSE:4263 -2.73% 69 Piotroski F-Score is 5 as of Jul. 06, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:4263 with a GF Score™ of 69/100 and a GF Value™ of 円974.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 649 Healthcare Providers & Services companies, Susmed ranks better than 54.55% 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

Susmed 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 Susmed's Piotroski F-Score or its related term are showing as below:

TSE:4263' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 5
Current: 5

During the past 6 years, the highest Piotroski F-Score of Susmed was 5. The lowest was 2. And the median was 5.

Susmed  (TSE:4263) 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.


Susmed Piotroski F-Score Related Terms


Susmed Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Susmed'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.

Susmed Piotroski F-Score Chart

Susmed Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 5.00 2.00 5.00

Susmed Quarterly Data
Jun20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 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 0.00 0.00 5.00 0.00 0.00

TSE:4263 vs VEEV, BTSG, TEM: Piotroski F-Score Comparison

For the Health Information Services subindustry, Susmed'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.


Susmed Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Susmed's Piotroski F-Score distribution charts can be found below:

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


TSE:4263
69GF Score
Susmed Inc TSE:4263
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円-298.4 Mil.
Cash Flow from Operations was 円-432.5 Mil.
Revenue was 円463.0 Mil.
Gross Profit was 円450.7 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (4932.086 + 4502.972) / 2 = 円4717.529 Mil.
Total Assets at the begining of this year (Jun24) was 円4,932.1 Mil.
Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.
Total Current Assets was 円4,462.6 Mil.
Total Current Liabilities was 円125.9 Mil.
Net Income was 円-357.4 Mil.

Revenue was 円342.6 Mil.
Gross Profit was 円330.9 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (5101.124 + 4932.086) / 2 = 円5016.605 Mil.
Total Assets at the begining of last year (Jun23) was 円5,101.1 Mil.
Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.
Total Current Assets was 円4,898.4 Mil.
Total Current Liabilities was 円321.4 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.

Susmed's current Net Income (TTM) was -298.4. ==> 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.

Susmed's current Cash Flow from Operations (TTM) was -432.5. ==> 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 (Jun24)
=-298.404/4932.086
=-0.06050259

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-357.415/5101.124
=-0.07006593

Susmed's return on assets of this year was -0.06050259. Susmed's return on assets of last year was -0.07006593. ==> 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.

Susmed's current Net Income (TTM) was -298.4. Susmed's current Cash Flow from Operations (TTM) was -432.5. ==> -432.5 <= -298.4 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/4717.529
=0

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/5016.605
=0

Susmed's gearing of this year was 0. Susmed'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: Jun25)=Total Current Assets/Total Current Liabilities
=4462.629/125.94
=35.43456408

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=4898.414/321.399
=15.24091239

Susmed's current ratio of this year was 35.43456408. Susmed's current ratio of last year was 15.24091239. ==> 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.

Susmed's number of shares in issue this year was 16.793. Susmed's number of shares in issue last year was 16.693. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=450.724/462.988
=0.97351119

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=330.85/342.577
=0.96576828

Susmed's gross margin of this year was 0.97351119. Susmed's gross margin of last year was 0.96576828. ==> This year's gross margin is higher. ==> Score 1.

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 (Jun24)
=462.988/4932.086
=0.09387265

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=342.577/5101.124
=0.06715716

Susmed's asset turnover of this year was 0.09387265. Susmed's asset turnover of last year was 0.06715716. ==> 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
=0+0+1+0+1+1+0+1+1
=5

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

Susmed 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?
Susmed (TSE:4263) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Susmed and its competitors. This is near median its historical median of 5.00. Over the past decade, Susmed's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Susmed ranks #295 out of 649 companies in the Healthcare Providers & Services industry, placing it in the top 45.5%.
Is Susmed's Piotroski F-Score too high?
Susmed'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 5.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Susmed's value of 5 is 0% at this industry median. Based on the distribution chart, Susmed ranks #295 out of 649 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Susmed has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Susmed's Piotroski F-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Susmed ranks #295 out of 649 companies for Piotroski F-Score. This puts Susmed in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Susmed's value of 5 is 0% at this benchmark. Historically, Susmed's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Susmed 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 649 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. Susmed'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 Susmed and its competitors. For the Healthcare Providers & Services 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. Susmed'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 Susmed stock overvalued right now?
Based on GuruFocus' analysis, Susmed (TSE:4263) is currently considered Modestly Undervalued. The stock's GF Value™ is 円974.33, compared to a current price of 円818.00 — trading 16% 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 Healthcare Providers & Services industry median of 5.00. Susmed's overall GF Score™ is 69/100 with 2 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 Susmed (TSE:4263), the current Piotroski F-Score is 5 as of Jul. 06, 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 Susmed (TSE:4263) Overvalued in 2026?

Based on GuruFocus' analysis, Susmed stock appears to be undervalued. The current stock price of 円818.00 is trading 16% below its estimated GF Value™ of 円974.33. GuruFocus considers Susmed to be Modestly Undervalued.

Key valuation signals for TSE:4263:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円974.33 vs. price of 円818.00 (16% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 0% at the Healthcare Providers & Services median (#295 of 649)

No single metric tells the full story. See the TSE:4263 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Susmed Business Description

Address 3-7-2 Nihonbashi Honcho, 10th Floor, MFPR Nihonbashi Honcho Building, Chuo-ku, Tokyo, JPN, 103-0023
Susmed Inc is engaged in the development of therapeutic smartphone apps and digital solutions to streamline clinical trials. It is currently developing therapeutic apps for patients with insomnia, breast cancer, kidney disease, and other conditions. In addition, it has developed Susumed System, which uses a proprietary blockchain technology to ensure the reliability of clinical trial data, and can reduce the manpower and costs allocated to clinical trials. The company's reportable segments are: the DTx Product Business, which derives maximum revenue, and consists of the development of therapeutic apps; and the DTx Platform Business, which provides general-purpose clinical trial systems and machine learning automated analysis systems.
69GF Score

Get the complete analysis for TSE:4263

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

円818.00
Price
円974.33
GF Value