Serverworks Co (TSE:4434) Piotroski F-Score: 4 (As of Jul. 23, 2026) — 33% Below Median

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TSE:4434 Serverworks Co Ltd TSE:4434
81 GF Score
Price 円1,900.00
GF Value 円3,610.22
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Serverworks Co Piotroski F-Score?

Serverworks Co TSE:4434 +3.66% 81 Piotroski F-Score is 4 as of Jul. 23, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:4434 with a GF Score™ of 81/100 and a GF Value™ of 円3,610.22 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,738 Software companies, Serverworks Co ranks worse than 60.52% 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

Serverworks Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:4434' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 10 years, the highest Piotroski F-Score of Serverworks Co was 7. The lowest was 4. And the median was 6.

Serverworks Co  (TSE:4434) 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.


Serverworks Co Piotroski F-Score Related Terms


Serverworks Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Serverworks 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.

Serverworks Co Piotroski F-Score Chart

Serverworks Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 6.00 5.00 4.00

Serverworks Co Semi-Annual Data
Feb17 Feb18 Feb19 Aug19 Feb20 Aug20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 5.00 0.00 4.00

TSE:4434 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Serverworks 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.


Serverworks Co Piotroski F-Score vs Software Industry

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

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


TSE:4434
81GF Score
Serverworks Co Ltd TSE:4434
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-601 Mil.
Cash Flow from Operations was 円766 Mil.
Revenue was 円40,007 Mil.
Gross Profit was 円3,644 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (20493.787 + 20258.946) / 2 = 円20376.3665 Mil.
Total Assets at the begining of this year (Feb25) was 円20,494 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円15,567 Mil.
Total Current Liabilities was 円10,010 Mil.
Net Income was 円677 Mil.

Revenue was 円35,717 Mil.
Gross Profit was 円4,104 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (18056.854 + 20493.787) / 2 = 円19275.3205 Mil.
Total Assets at the begining of last year (Feb24) was 円18,057 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円15,222 Mil.
Total Current Liabilities was 円8,709 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.

Serverworks Co's current Net Income (TTM) was -601. ==> 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.

Serverworks Co's current Cash Flow from Operations (TTM) was 766. ==> 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)
=-600.957/20493.787
=-0.02932386

ROA (Last Year)=Net Income/Total Assets (Feb24)
=677.331/18056.854
=0.03751102

Serverworks Co's return on assets of this year was -0.02932386. Serverworks Co's return on assets of last year was 0.03751102. ==> Last year is higher ==> Score 0.

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.

Serverworks Co's current Net Income (TTM) was -601. Serverworks Co's current Cash Flow from Operations (TTM) was 766. ==> 766 > -601 ==> 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
=0/20376.3665
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/19275.3205
=0

Serverworks Co's gearing of this year was 0. Serverworks Co'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: Feb26)=Total Current Assets/Total Current Liabilities
=15567.069/10010.406
=1.55508867

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=15222.436/8709.173
=1.7478624

Serverworks Co's current ratio of this year was 1.55508867. Serverworks Co's current ratio of last year was 1.7478624. ==> 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.

Serverworks Co's number of shares in issue this year was 7.672. Serverworks Co's number of shares in issue last year was 7.946. ==> 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
=3644.357/40006.534
=0.09109404

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4104.164/35717.021
=0.11490779

Serverworks Co's gross margin of this year was 0.09109404. Serverworks Co's gross margin of last year was 0.11490779. ==> 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)
=40006.534/20493.787
=1.95212988

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=35717.021/18056.854
=1.97803122

Serverworks Co's asset turnover of this year was 1.95212988. Serverworks Co's asset turnover of last year was 1.97803122. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Serverworks Co has an F-score of 4 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 4 mean?
Serverworks Co (TSE:4434) has a Piotroski F-Score of 4 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Serverworks Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Serverworks Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Serverworks Co ranks #1657 out of 2738 companies in the Software industry, placing it in the top 60.5%.
Is Serverworks Co's Piotroski F-Score too high?
Serverworks Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Serverworks Co's value of 4 is 20% below this industry median. Based on the distribution chart, Serverworks Co ranks #1657 out of 2738 companies in the Software industry, which is below the industry midpoint. Overall, Serverworks Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Serverworks Co's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Serverworks Co ranks #1657 out of 2738 companies for Piotroski F-Score. This places Serverworks Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Serverworks Co's value of 4 is 20% below this benchmark. Historically, Serverworks Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Serverworks Co 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,738 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. Serverworks Co's current Piotroski F-Score of 4 is 20% 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 Serverworks Co 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. Serverworks Co's current Piotroski F-Score is 4, which is 33% 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 Serverworks Co stock overvalued right now?
Based on GuruFocus' analysis, Serverworks Co (TSE:4434) is currently considered Significantly Undervalued. The stock's GF Value™ is 円3,610.22, compared to a current price of 円1,900.00 — trading 47.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Software industry median of 5.00. Serverworks Co's overall GF Score™ is 81/100 with 4 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 Serverworks Co (TSE:4434), the current Piotroski F-Score is 4 as of Jul. 23, 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 Serverworks Co (TSE:4434) Overvalued in 2026?

Based on GuruFocus' analysis, Serverworks Co stock appears to be undervalued. The current stock price of 円1,900.00 is trading 47.4% below its estimated GF Value™ of 円3,610.22. GuruFocus considers Serverworks Co to be Significantly Undervalued.

Key valuation signals for TSE:4434:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: 円3,610.22 vs. price of 円1,900.00 (47.4% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 20% below the Software median (#1657 of 2738)

No single metric tells the full story. See the TSE:4434 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Serverworks Co Business Description

Address 2nd floor of Iidabashi Sosabu Building No. 1, No. 21 Yobo-machi, Shinjuku-ku, Tokyo, JPN, 162-0824
Serverworks Co Ltd is a cloud integrator that provides integration business and services specialized for Amazon Web Services (AWS). The company's services include AWS transition support, AWS resale service, AWS operation automation service.
81GF Score

Get the complete analysis for TSE:4434

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

円1,900.00
Price
円3,610.22
GF Value