Accrete (TSE:4395) Piotroski F-Score: 3 (As of Jul. 19, 2026) — 50% Below Median

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TSE:4395 Accrete Inc TSE:4395
70 GF Score
Price 円717.00
GF Value 円1,154.48
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Accrete Piotroski F-Score?

Accrete TSE:4395 -7.12% 70 Piotroski F-Score is 3 as of Jul. 19, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates TSE:4395 with a GF Score™ of 70/100 and a GF Value™ of 円1,154.48 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 353 Telecommunication Services companies, Accrete ranks worse than 87.25% 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

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

TSE:4395' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 10 years, the highest Piotroski F-Score of Accrete was 8. The lowest was 3. And the median was 6.

Accrete  (TSE:4395) 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.


Accrete Piotroski F-Score Related Terms


Accrete Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Accrete'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.

Accrete Piotroski F-Score Chart

Accrete Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 5.00 8.00 3.00

Accrete Quarterly Data
Dec20 Mar21 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 Premium Member Only 8.00 0.00 0.00 3.00 0.00

TSE:4395 vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Accrete'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.


Accrete Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Accrete's Piotroski F-Score distribution charts can be found below:

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


TSE:4395
70GF Score
Accrete Inc TSE:4395
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円308 Mil.
Cash Flow from Operations was 円-499 Mil.
Revenue was 円8,791 Mil.
Gross Profit was 円2,113 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3588.561 + 7093.104) / 2 = 円5340.8325 Mil.
Total Assets at the begining of this year (Dec24) was 円3,589 Mil.
Long-Term Debt & Capital Lease Obligation was 円653 Mil.
Total Current Assets was 円4,578 Mil.
Total Current Liabilities was 円2,141 Mil.
Net Income was 円73 Mil.

Revenue was 円6,348 Mil.
Gross Profit was 円1,562 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (4211.359 + 3588.561) / 2 = 円3899.96 Mil.
Total Assets at the begining of last year (Dec23) was 円4,211 Mil.
Long-Term Debt & Capital Lease Obligation was 円148 Mil.
Total Current Assets was 円2,670 Mil.
Total Current Liabilities was 円1,199 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.

Accrete's current Net Income (TTM) was 308. ==> 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.

Accrete's current Cash Flow from Operations (TTM) was -499. ==> 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 (Dec24)
=307.771/3588.561
=0.08576446

ROA (Last Year)=Net Income/Total Assets (Dec23)
=73.498/4211.359
=0.01745232

Accrete's return on assets of this year was 0.08576446. Accrete's return on assets of last year was 0.01745232. ==> 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.

Accrete's current Net Income (TTM) was 308. Accrete's current Cash Flow from Operations (TTM) was -499. ==> -499 <= 308 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=652.771/5340.8325
=0.12222271

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=147.94/3899.96
=0.03793372

Accrete's gearing of this year was 0.12222271. Accrete's gearing of last year was 0.03793372. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=4577.613/2141.402
=2.13767102

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2669.603/1198.645
=2.22718403

Accrete's current ratio of this year was 2.13767102. Accrete's current ratio of last year was 2.22718403. ==> 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.

Accrete's number of shares in issue this year was 6.704. Accrete's number of shares in issue last year was 5.702. ==> 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
=2113.24/8791.215
=0.24038088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1562.182/6347.97
=0.24609159

Accrete's gross margin of this year was 0.24038088. Accrete's gross margin of last year was 0.24609159. ==> 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 (Dec24)
=8791.215/3588.561
=2.44978837

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6347.97/4211.359
=1.50734478

Accrete's asset turnover of this year was 2.44978837. Accrete's asset turnover of last year was 1.50734478. ==> 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+0+1+0+0+0+0+0+1
=3

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

Accrete 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?
Accrete (TSE:4395) has a Piotroski F-Score of 3 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Accrete and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Accrete's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Accrete ranks #308 out of 353 companies in the Telecommunication Services industry, placing it in the top 87.3%.
Is Accrete's Piotroski F-Score too high?
Accrete's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Accrete's value of 3 is 50% below this industry median. Based on the distribution chart, Accrete ranks #308 out of 353 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Accrete has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Accrete's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Accrete ranks #308 out of 353 companies for Piotroski F-Score. This places Accrete in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Accrete's value of 3 is 50% below this benchmark. Historically, Accrete's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Accrete 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. Accrete's current Piotroski F-Score of 3 is 50% 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 Accrete and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accrete's current Piotroski F-Score is 3, which is 50% below 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 Accrete stock overvalued right now?
Based on GuruFocus' analysis, Accrete (TSE:4395) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,154.48, compared to a current price of 円717.00 — trading 37.9% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Telecommunication Services industry median of 6.00. Accrete's overall GF Score™ is 70/100 with 6 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 Accrete (TSE:4395), the current Piotroski F-Score is 3 as of Jul. 19, 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 Accrete (TSE:4395) Overvalued in 2026?

Based on GuruFocus' analysis, Accrete stock appears to be undervalued. The current stock price of 円717.00 is trading 37.9% below its estimated GF Value™ of 円1,154.48. GuruFocus considers Accrete to be Possible Value Trap.

Key valuation signals for TSE:4395:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: 円1,154.48 vs. price of 円717.00 (37.9% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 50% below the Telecommunication Services median (#308 of 353)

No single metric tells the full story. See the TSE:4395 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Accrete Business Description

Address 3-28-5 Kanda Ogawacho, Chiyoda-ku, Tokyo, JPN, 101-0052
Accrete Inc is a telecommunication business company. The company operates through three business segments: Communication, Solutions, and Investment & Incubation. The company provides messaging services such as SMS, LINE-based communication, and email delivery, while also developing AI, security, IoT, and advanced technology solutions. Additionally, it invests in and incubates technology ventures to drive business synergies, expand new growth opportunities, and strengthen its long-term competitive position.
70GF Score

Get the complete analysis for TSE:4395

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

円717.00
Price
円1,154.48
GF Value