Baudroie (TSE:4413) Piotroski F-Score: 6 (As of Jun. 29, 2026) — Near Median


TSE:4413 Baudroie Inc TSE:4413
85 GF Score
Price 円2,404.00
GF Value 円5,096.77
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Baudroie Piotroski F-Score?

Baudroie TSE:4413 -2.16% 85 Piotroski F-Score is 6 as of Jun. 29, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:4413 with a GF Score™ of 85/100 and a GF Value™ of 円5,096.77 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,744 Software companies, Baudroie ranks better than 78.75% 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

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

TSE:4413' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of Baudroie was 7. The lowest was 3. And the median was 6.

Baudroie  (TSE:4413) 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.


Baudroie Piotroski F-Score Related Terms


Baudroie Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Baudroie'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.

Baudroie Piotroski F-Score Chart

Baudroie Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial 6.00 3.00 7.00 6.00 6.00

Baudroie Semi-Annual Data
Feb20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 5.00 6.00 3.00 6.00

TSE:4413 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Baudroie'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.


Baudroie Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Baudroie's Piotroski F-Score distribution charts can be found below:

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


TSE:4413
85GF Score
Baudroie Inc TSE:4413
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 円2,458 Mil.
Cash Flow from Operations was 円2,873 Mil.
Revenue was 円17,423 Mil.
Gross Profit was 円5,987 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (8602.846 + 14024.929) / 2 = 円11313.8875 Mil.
Total Assets at the begining of this year (Feb25) was 円8,603 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,583 Mil.
Total Current Assets was 円7,365 Mil.
Total Current Liabilities was 円4,401 Mil.
Net Income was 円1,799 Mil.

Revenue was 円11,650 Mil.
Gross Profit was 円4,266 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (6939.128 + 8602.846) / 2 = 円7770.987 Mil.
Total Assets at the begining of last year (Feb24) was 円6,939 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,077 Mil.
Total Current Assets was 円5,384 Mil.
Total Current Liabilities was 円2,826 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.

Baudroie's current Net Income (TTM) was 2,458. ==> 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.

Baudroie's current Cash Flow from Operations (TTM) was 2,873. ==> 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 (Feb25)
=2457.8/8602.846
=0.28569615

ROA (Last Year)=Net Income/Total Assets (Feb24)
=1799.365/6939.128
=0.25930708

Baudroie's return on assets of this year was 0.28569615. Baudroie's return on assets of last year was 0.25930708. ==> 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.

Baudroie's current Net Income (TTM) was 2,458. Baudroie's current Cash Flow from Operations (TTM) was 2,873. ==> 2,873 > 2,458 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=1582.611/11313.8875
=0.13988216

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=1077.206/7770.987
=0.13861894

Baudroie's gearing of this year was 0.13988216. Baudroie's gearing of last year was 0.13861894. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=7365.482/4401.021
=1.67358483

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=5384.041/2825.77
=1.90533589

Baudroie's current ratio of this year was 1.67358483. Baudroie's current ratio of last year was 1.90533589. ==> 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.

Baudroie's number of shares in issue this year was 31.254. Baudroie's number of shares in issue last year was 31.977. ==> 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
=5986.591/17423.34
=0.34359606

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4266.047/11649.705
=0.36619356

Baudroie's gross margin of this year was 0.34359606. Baudroie's gross margin of last year was 0.36619356. ==> 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 (Feb25)
=17423.34/8602.846
=2.02529953

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=11649.705/6939.128
=1.67884279

Baudroie's asset turnover of this year was 2.02529953. Baudroie's asset turnover of last year was 1.67884279. ==> 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+0+1+0+1
=6

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

Baudroie 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?
Baudroie (TSE:4413) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Baudroie and its competitors. This is near median its historical median of 6.00. Over the past decade, Baudroie's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Baudroie ranks #583 out of 2744 companies in the Software industry, placing it in the top 21.2%.
Is Baudroie's Piotroski F-Score too high?
Baudroie's current Piotroski F-Score of 6 is near 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 7.00. The Software industry median Piotroski F-Score is 5.00. Baudroie's value of 6 is 20% above this industry median. Based on the distribution chart, Baudroie ranks #583 out of 2744 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Baudroie has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Baudroie's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Baudroie ranks #583 out of 2744 companies for Piotroski F-Score. This places Baudroie in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Baudroie's value of 6 is 20% above this benchmark. Historically, Baudroie's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Baudroie 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 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. Baudroie'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 Baudroie 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. Baudroie's current Piotroski F-Score is 6, which is near 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 Baudroie stock overvalued right now?
Based on GuruFocus' analysis, Baudroie (TSE:4413) is currently considered Significantly Undervalued. The stock's GF Value™ is 円5,096.77, compared to a current price of 円2,404.00 — trading 52.8% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. Baudroie's overall GF Score™ is 85/100 with 3 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 Baudroie (TSE:4413), the current Piotroski F-Score is 6 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 Baudroie (TSE:4413) Overvalued in 2026?

Based on GuruFocus' analysis, Baudroie stock appears to be undervalued. The current stock price of 円2,404.00 is trading 52.8% below its estimated GF Value™ of 円5,096.77. GuruFocus considers Baudroie to be Significantly Undervalued.

Key valuation signals for TSE:4413:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円5,096.77 vs. price of 円2,404.00 (52.8% below fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 20% above the Software median (#583 of 2744)

No single metric tells the full story. See the TSE:4413 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baudroie Business Description

Address 1-3-1 Azabudai, 17F Mori JP Tower, Azabudai Hills, Minato-ku, Tokyo, JPN, 106-0041
Baudroie Inc is a professional operator specializing in IT infrastructure services for businesses. It caters to the needs of clients with optimal IT solutions in the network, server, security, and cloud areas. The company focuses on providing services in high-technology areas, such as cloud adoption support and network virtualization. Tailored to clients' needs and issues, Baudroie also offers design, construction, operation, and maintenance services for customized IT infrastructure.
85GF Score

Get the complete analysis for TSE:4413

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

円2,404.00
Price
円5,096.77
GF Value