TAC Co (TSE:4319) Piotroski F-Score: 8 (As of Jun. 29, 2026) — 33% Above Median


TSE:4319 TAC Co Ltd TSE:4319
42 GF Score
Price 円347.00
GF Value 円192.17
! 10 Warning Signs
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What is TAC Co Piotroski F-Score?

TAC Co TSE:4319 -0.29% 42 Piotroski F-Score is 8 as of Jun. 29, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:4319 with a GF Score™ of 42/100 and a GF Value™ of 円192.17. The stock has 10 warning signs investors should review.

Good Sign:

Piotroski F-Score is 8, 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

TAC Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for TAC Co's Piotroski F-Score or its related term are showing as below:

TSE:4319' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of TAC Co was 9. The lowest was 2. And the median was 6.

TAC Co  (TSE:4319) 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.


TAC Co Piotroski F-Score Related Terms


TAC Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TAC 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.

TAC Co Piotroski F-Score Chart

TAC Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 7.00 4.00 2.00 8.00

TAC Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 2.00 0.00 8.00 0.00

TSE:4319 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, TAC 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.


TAC Co Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, TAC Co's Piotroski F-Score distribution charts can be found below:

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


TSE:4319
42GF Score
TAC Co Ltd TSE:4319
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 円467 Mil.
Cash Flow from Operations was 円1,388 Mil.
Revenue was 円19,197 Mil.
Gross Profit was 円7,708 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (20790.872 + 20942.542) / 2 = 円20866.707 Mil.
Total Assets at the begining of this year (Mar24) was 円20,791 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,109 Mil.
Total Current Assets was 円12,009 Mil.
Total Current Liabilities was 円11,970 Mil.
Net Income was 円-220 Mil.

Revenue was 円19,001 Mil.
Gross Profit was 円6,989 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (20795.219 + 20790.872) / 2 = 円20793.0455 Mil.
Total Assets at the begining of last year (Mar23) was 円20,795 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,732 Mil.
Total Current Assets was 円11,623 Mil.
Total Current Liabilities was 円12,453 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.

TAC Co's current Net Income (TTM) was 467. ==> 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.

TAC Co's current Cash Flow from Operations (TTM) was 1,388. ==> Positive ==> Score 1.

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 (Mar24)
=467.482/20790.872
=0.02248496

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-219.766/20795.219
=-0.0105681

TAC Co's return on assets of this year was 0.02248496. TAC Co's return on assets of last year was -0.0105681. ==> 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.

TAC Co's current Net Income (TTM) was 467. TAC Co's current Cash Flow from Operations (TTM) was 1,388. ==> 1,388 > 467 ==> CFROA > ROA ==> Score 1.

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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2109.284/20866.707
=0.1010837

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1732.258/20793.0455
=0.08330949

TAC Co's gearing of this year was 0.1010837. TAC Co's gearing of last year was 0.08330949. ==> Last year is lower than this year ==> Score 0.

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: Mar25)=Total Current Assets/Total Current Liabilities
=12009.058/11970.478
=1.00322293

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=11622.728/12453.117
=0.93331878

TAC Co's current ratio of this year was 1.00322293. TAC Co's current ratio of last year was 0.93331878. ==> 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.

TAC Co's number of shares in issue this year was 18.134. TAC Co's number of shares in issue last year was 18.134. ==> 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
=7708.08/19196.936
=0.40152658

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6988.527/19001.497
=0.36778823

TAC Co's gross margin of this year was 0.40152658. TAC Co's gross margin of last year was 0.36778823. ==> 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 (Mar24)
=19196.936/20790.872
=0.92333482

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=19001.497/20795.219
=0.91374354

TAC Co's asset turnover of this year was 0.92333482. TAC Co's asset turnover of last year was 0.91374354. ==> 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+1+1+1+0+1+1+1+1
=8

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

TAC Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
TAC Co (TSE:4319) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TAC Co and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, TAC Co's Piotroski F-Score has ranged from 2.00 to 9.00.
Is TAC Co's Piotroski F-Score too high?
TAC Co's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Education industry median Piotroski F-Score is 5.00. TAC Co's value of 8 is 60% above this industry median. Overall, TAC Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does TAC Co's Piotroski F-Score compare to EDU and TAL?
TAC Co's Piotroski F-Score of 8 can be compared against companies in the Education industry. The industry median Piotroski F-Score is 5.00. TAC Co's value of 8 is 60% above this benchmark. Historically, TAC Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, TAC Co 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. TAC Co's current Piotroski F-Score of 8 is 60% 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 TAC Co and its competitors. For the Education 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. TAC Co's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAC Co stock overvalued right now?
TAC Co (TSE:4319) has a current Piotroski F-Score of 8. The stock's GF Value™ is 円192.17, compared to a current price of 円347.00 — trading 80.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Education industry median of 5.00. TAC Co's overall GF Score™ is 42/100 with 10 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 TAC Co (TSE:4319), the current Piotroski F-Score is 8 as of Jun. 29, 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 TAC Co (TSE:4319) Overvalued in 2026?

Based on GuruFocus' analysis, TAC Co stock appears to be overvalued. The current stock price of 円347.00 is trading 80.6% above its estimated GF Value™ of 円192.17.

Key valuation signals for TSE:4319:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: 円192.17 vs. price of 円347.00 (80.6% above fair value)
  • GF Score™: 42/100 with 10 warning signs
  • Industry Position: 60% above the Education median

No single metric tells the full story. See the TSE:4319 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TAC Co Business Description

Address 3-2-18 Misaki-cho, Tokyo, JPN
TAC Co Ltd is a Japan-based company engages in providing educational services. The company is engaged in the personal education, corporate training, publishing, and manpower businesses. Its personal education business division offers preparatory courses for qualifications for individual students and provides training for corporations.
42GF Score

Get the complete analysis for TSE:4319

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

円347.00
Price
円192.17
GF Value