Nexyz Group (TSE:4346) Piotroski F-Score: 6 (As of Jul. 11, 2026) — 20% Above Median


TSE:4346 Nexyz Group Corp TSE:4346
71 GF Score
Price 円884.00
GF Value 円966.21
Valuation Fairly Valued
! 2 Warning Signs
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What is Nexyz Group Piotroski F-Score?

Nexyz Group TSE:4346 +4.00% 71 Piotroski F-Score is 6 as of Jul. 11, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:4346 with a GF Score™ of 71/100 and a GF Value™ of 円966.21 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,065 Business Services companies, Nexyz Group ranks better than 72.21% 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

Nexyz Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:4346' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nexyz Group was 7. The lowest was 1. And the median was 5.

Nexyz Group  (TSE:4346) 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.


Nexyz Group Piotroski F-Score Related Terms


Nexyz Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nexyz 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.

Nexyz Group Piotroski F-Score Chart

Nexyz Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 7.00 6.00 6.00

Nexyz Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 6.00 0.00 6.00 0.00

TSE:4346 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Nexyz 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.


Nexyz Group Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Nexyz Group's Piotroski F-Score distribution charts can be found below:

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


TSE:4346
71GF Score
Nexyz Group Corp TSE:4346
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円922 Mil.
Cash Flow from Operations was 円1,740 Mil.
Revenue was 円28,433 Mil.
Gross Profit was 円13,819 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (18342 + 24387) / 2 = 円21364.5 Mil.
Total Assets at the begining of this year (Sep24) was 円18,342 Mil.
Long-Term Debt & Capital Lease Obligation was 円3,907 Mil.
Total Current Assets was 円15,914 Mil.
Total Current Liabilities was 円11,062 Mil.
Net Income was 円611 Mil.

Revenue was 円24,497 Mil.
Gross Profit was 円12,745 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (15445 + 18342) / 2 = 円16893.5 Mil.
Total Assets at the begining of last year (Sep23) was 円15,445 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,993 Mil.
Total Current Assets was 円12,578 Mil.
Total Current Liabilities was 円10,464 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.

Nexyz Group's current Net Income (TTM) was 922. ==> 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.

Nexyz Group's current Cash Flow from Operations (TTM) was 1,740. ==> 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 (Sep24)
=922/18342
=0.05026715

ROA (Last Year)=Net Income/Total Assets (Sep23)
=611/15445
=0.03955973

Nexyz Group's return on assets of this year was 0.05026715. Nexyz Group's return on assets of last year was 0.03955973. ==> 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.

Nexyz Group's current Net Income (TTM) was 922. Nexyz Group's current Cash Flow from Operations (TTM) was 1,740. ==> 1,740 > 922 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=3907/21364.5
=0.18287346

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=1993/16893.5
=0.11797437

Nexyz Group's gearing of this year was 0.18287346. Nexyz Group's gearing of last year was 0.11797437. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=15914/11062
=1.43861869

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=12578/10464
=1.20202599

Nexyz Group's current ratio of this year was 1.43861869. Nexyz Group's current ratio of last year was 1.20202599. ==> 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.

Nexyz Group's number of shares in issue this year was 13.009. Nexyz Group's number of shares in issue last year was 13.009. ==> 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
=13819/28433
=0.48601977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12745/24497
=0.52026779

Nexyz Group's gross margin of this year was 0.48601977. Nexyz Group's gross margin of last year was 0.52026779. ==> 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 (Sep24)
=28433/18342
=1.55015811

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=24497/15445
=1.58607964

Nexyz Group's asset turnover of this year was 1.55015811. Nexyz Group's asset turnover of last year was 1.58607964. ==> 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
=1+1+1+1+0+1+1+0+0
=6

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

Nexyz Group has an F-score of 6 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 6 mean?
Nexyz Group (TSE:4346) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nexyz Group and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Nexyz Group's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Nexyz Group ranks #296 out of 1065 companies in the Business Services industry, placing it in the top 27.8%.
Is Nexyz Group's Piotroski F-Score too high?
Nexyz Group's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Nexyz Group's value of 6 is 20% above this industry median. Based on the distribution chart, Nexyz Group ranks #296 out of 1065 companies in the Business Services industry, which is above the industry midpoint. Overall, Nexyz Group has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nexyz Group's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Nexyz Group ranks #296 out of 1065 companies for Piotroski F-Score. This puts Nexyz Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nexyz Group's value of 6 is 20% above this benchmark. Historically, Nexyz Group's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nexyz Group 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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. Nexyz Group's current Piotroski F-Score of 6 is 20% 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 Nexyz Group and its competitors. For the Business 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. Nexyz Group's current Piotroski F-Score is 6, which is 20% above 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 Nexyz Group stock overvalued right now?
Based on GuruFocus' analysis, Nexyz Group (TSE:4346) is currently considered Fairly Valued. The stock's GF Value™ is 円966.21, compared to a current price of 円884.00 — trading 8.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Business Services industry median of 5.00. Nexyz Group's overall GF Score™ is 71/100 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 Nexyz Group (TSE:4346), the current Piotroski F-Score is 6 as of Jul. 11, 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 Nexyz Group (TSE:4346) Overvalued in 2026?

Based on GuruFocus' analysis, Nexyz Group stock appears to be undervalued. The current stock price of 円884.00 is trading 8.5% below its estimated GF Value™ of 円966.21. GuruFocus considers Nexyz Group to be Fairly Valued.

Key valuation signals for TSE:4346:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円966.21 vs. price of 円884.00 (8.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 20% above the Business Services median (#296 of 1065)

No single metric tells the full story. See the TSE:4346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nexyz Group Business Description

Address Nexyz Square Building, 20-4 Sakuragaoka-cho, Shibuya-ku, Tokyo, JPN, 150-0031
Nexyz Group Corp is a Japan-based company which is engaged in the provision of business support services. The firm operates in following divisions: Energy and Environment, Electronic Media and Other. Energy and Environment division engages in selling Internet connection services, and selling and broking LED lights and other environmentally friendly equipment. Electronic Media division provides digital magazines, various solutions, and smartphone game application namely Kami no Te. The Other division consists of DNA health consulting, stock market investing support and smartphone digital gift services.
71GF Score

Get the complete analysis for TSE:4346

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

円884.00
Price
円966.21
GF Value