Power Solutions (TSE:4450) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 17% Above Median


TSE:4450 Power Solutions Ltd TSE:4450
82 GF Score
Price 円1,922.00
GF Value 円1,757.40
Valuation Fairly Valued
! 1 Warning Sign
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What is Power Solutions Piotroski F-Score?

Power Solutions TSE:4450 -0.47% 82 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:4450 with a GF Score™ of 82/100 and a GF Value™ of 円1,757.40 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,744 Software companies, Power Solutions ranks better than 91.8% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Power Solutions has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:4450' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 7

During the past 9 years, the highest Piotroski F-Score of Power Solutions was 8. The lowest was 2. And the median was 6.

Power Solutions  (TSE:4450) 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.


Power Solutions Piotroski F-Score Related Terms


Power Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Power Solutions'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.

Power Solutions Piotroski F-Score Chart

Power Solutions Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 8.00 6.00 3.00 2.00 7.00

Power Solutions 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 2.00 0.00 0.00 7.00 0.00

TSE:4450 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Power Solutions'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.


Power Solutions Piotroski F-Score vs Software Industry

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

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


TSE:4450
82GF Score
Power Solutions Ltd TSE:4450
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388 Mil.
Cash Flow from Operations was 円1,081 Mil.
Revenue was 円8,100 Mil.
Gross Profit was 円2,779 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (5715.794 + 6537.602) / 2 = 円6126.698 Mil.
Total Assets at the begining of this year (Dec24) was 円5,716 Mil.
Long-Term Debt & Capital Lease Obligation was 円362 Mil.
Total Current Assets was 円4,459 Mil.
Total Current Liabilities was 円2,195 Mil.
Net Income was 円327 Mil.

Revenue was 円6,748 Mil.
Gross Profit was 円2,253 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (4937.553 + 5715.794) / 2 = 円5326.6735 Mil.
Total Assets at the begining of last year (Dec23) was 円4,938 Mil.
Long-Term Debt & Capital Lease Obligation was 円489 Mil.
Total Current Assets was 円4,110 Mil.
Total Current Liabilities was 円1,862 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.

Power Solutions's current Net Income (TTM) was 388. ==> 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.

Power Solutions's current Cash Flow from Operations (TTM) was 1,081. ==> 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 (Dec24)
=388.089/5715.794
=0.06789765

ROA (Last Year)=Net Income/Total Assets (Dec23)
=327.493/4937.553
=0.06632698

Power Solutions's return on assets of this year was 0.06789765. Power Solutions's return on assets of last year was 0.06632698. ==> 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.

Power Solutions's current Net Income (TTM) was 388. Power Solutions's current Cash Flow from Operations (TTM) was 1,081. ==> 1,081 > 388 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=361.955/6126.698
=0.05907832

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=488.813/5326.6735
=0.09176703

Power Solutions's gearing of this year was 0.05907832. Power Solutions's gearing of last year was 0.09176703. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=4458.99/2194.951
=2.03147587

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=4110.393/1862.496
=2.20692716

Power Solutions's current ratio of this year was 2.03147587. Power Solutions's current ratio of last year was 2.20692716. ==> 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.

Power Solutions's number of shares in issue this year was 3.155. Power Solutions's number of shares in issue last year was 3.042. ==> 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
=2778.566/8099.962
=0.34303445

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2252.571/6748.255
=0.33380052

Power Solutions's gross margin of this year was 0.34303445. Power Solutions's gross margin of last year was 0.33380052. ==> 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 (Dec24)
=8099.962/5715.794
=1.4171193

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6748.255/4937.553
=1.36672052

Power Solutions's asset turnover of this year was 1.4171193. Power Solutions's asset turnover of last year was 1.36672052. ==> 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+1+0+0+1+1
=7

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

Power Solutions has an F-score of 7. 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 7 mean?
Power Solutions (TSE:4450) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Power Solutions and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Power Solutions' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Power Solutions ranks #225 out of 2744 companies in the Software industry, placing it in the top 8.2%.
Is Power Solutions' Piotroski F-Score too high?
Power Solutions' current Piotroski F-Score of 7 is 17% 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 8.00. The Software industry median Piotroski F-Score is 5.00. Power Solutions' value of 7 is 40% above this industry median. Based on the distribution chart, Power Solutions ranks #225 out of 2744 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Power Solutions has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Power Solutions' Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Power Solutions ranks #225 out of 2744 companies for Piotroski F-Score. This places Power Solutions in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Power Solutions' value of 7 is 40% above this benchmark. Historically, Power Solutions' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Power Solutions 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. Power Solutions's current Piotroski F-Score of 7 is 40% 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 Power Solutions 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. Power Solutions's current Piotroski F-Score is 7, which is 17% 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 Power Solutions stock overvalued right now?
Based on GuruFocus' analysis, Power Solutions (TSE:4450) is currently considered Fairly Valued. The stock's GF Value™ is 円1,757.40, compared to a current price of 円1,922.00 — trading 9.4% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Power Solutions' overall GF Score™ is 82/100 with 1 warning sign 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 Power Solutions (TSE:4450), the current Piotroski F-Score is 7 as of Jun. 28, 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 Power Solutions (TSE:4450) Overvalued in 2026?

Based on GuruFocus' analysis, Power Solutions stock appears to be overvalued. The current stock price of 円1,922.00 is trading 9.4% above its estimated GF Value™ of 円1,757.40. GuruFocus considers Power Solutions to be Fairly Valued.

Key valuation signals for TSE:4450:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,757.40 vs. price of 円1,922.00 (9.4% above fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 40% above the Software median (#225 of 2744)

No single metric tells the full story. See the TSE:4450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Power Solutions Business Description

Address 1-13-5 Kudankita, Chiyoda-ku, Tokyo, JPN, 102-0073
Power Solutions Ltd specializes in corporate information technology activities. It is mainly engaged in the development, operation, and maintenance of business consulting systems and the outsourcing of business for asset management companies and other financial institutions.
82GF Score

Get the complete analysis for TSE:4450

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

円1,922.00
Price
円1,757.40
GF Value