SOFT99 (TSE:4464) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 14% Above Median


TSE:4464 SOFT99 Corp TSE:4464
64 GF Score
Price 円3,485.00
GF Value 円1,575.67
Valuation Significantly Overvalued
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What is SOFT99 Piotroski F-Score?

SOFT99 TSE:4464 -3.60% 64 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates TSE:4464 with a GF Score™ of 64/100 and a GF Value™ of 円1,575.67 (Significantly Overvalued). Among 1,563 Chemicals companies, SOFT99 ranks better than 97.38% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

SOFT99 has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for SOFT99's Piotroski F-Score or its related term are showing as below:

TSE:4464' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of SOFT99 was 8. The lowest was 5. And the median was 7.

SOFT99  (TSE:4464) 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.


SOFT99 Piotroski F-Score Related Terms


SOFT99 Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SOFT99'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.

SOFT99 Piotroski F-Score Chart

SOFT99 Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 8.00 7.00 8.00

SOFT99 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 8.00 0.00 7.00 0.00 8.00

TSE:4464 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, SOFT99'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.


SOFT99 Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, SOFT99's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SOFT99's Piotroski F-Score falls into.


TSE:4464
64GF Score
SOFT99 Corp TSE:4464
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円2,961 Mil.
Cash Flow from Operations was 円3,499 Mil.
Revenue was 円31,233 Mil.
Gross Profit was 円11,949 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (64635.028 + 67008.141) / 2 = 円65821.5845 Mil.
Total Assets at the begining of this year (Mar25) was 円64,635 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円34,958 Mil.
Total Current Liabilities was 円4,764 Mil.
Net Income was 円2,914 Mil.

Revenue was 円29,743 Mil.
Gross Profit was 円11,336 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (62542.995 + 64635.028) / 2 = 円63589.0115 Mil.
Total Assets at the begining of last year (Mar24) was 円62,543 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円32,276 Mil.
Total Current Liabilities was 円4,589 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.

SOFT99's current Net Income (TTM) was 2,961. ==> 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.

SOFT99's current Cash Flow from Operations (TTM) was 3,499. ==> 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 (Mar25)
=2961.021/64635.028
=0.0458114

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2913.761/62542.995
=0.04658813

SOFT99's return on assets of this year was 0.0458114. SOFT99's return on assets of last year was 0.04658813. ==> 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.

SOFT99's current Net Income (TTM) was 2,961. SOFT99's current Cash Flow from Operations (TTM) was 3,499. ==> 3,499 > 2,961 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/65821.5845
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/63589.0115
=0

SOFT99's gearing of this year was 0. SOFT99'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: Mar26)=Total Current Assets/Total Current Liabilities
=34958.249/4764.32
=7.3375107

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=32275.527/4588.873
=7.03343217

SOFT99's current ratio of this year was 7.3375107. SOFT99's current ratio of last year was 7.03343217. ==> 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.

SOFT99's number of shares in issue this year was 21.512. SOFT99's number of shares in issue last year was 21.554. ==> 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
=11948.635/31232.792
=0.38256698

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11335.876/29742.927
=0.38112846

SOFT99's gross margin of this year was 0.38256698. SOFT99's gross margin of last year was 0.38112846. ==> 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 (Mar25)
=31232.792/64635.028
=0.48321774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=29742.927/62542.995
=0.47555968

SOFT99's asset turnover of this year was 0.48321774. SOFT99's asset turnover of last year was 0.47555968. ==> 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+0+1+1+1+1+1+1
=8

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

SOFT99 has an F-score of 8. 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 8 mean?
SOFT99 (TSE:4464) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SOFT99 and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, SOFT99's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, SOFT99 ranks #41 out of 1563 companies in the Chemicals industry, placing it in the top 2.6%.
Is SOFT99's Piotroski F-Score too high?
SOFT99's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. SOFT99's value of 8 is 60% above this industry median. Based on the distribution chart, SOFT99 ranks #41 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SOFT99 has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOFT99's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, SOFT99 ranks #41 out of 1563 companies for Piotroski F-Score. This places SOFT99 in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SOFT99's value of 8 is 60% above this benchmark. Historically, SOFT99's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, SOFT99 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. SOFT99's current Piotroski F-Score of 8 is 60% 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 SOFT99 and its competitors. For the Chemicals 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. SOFT99's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOFT99 stock overvalued right now?
Based on GuruFocus' analysis, SOFT99 (TSE:4464) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,575.67, compared to a current price of 円3,485.00 — trading 121.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Chemicals industry median of 5.00. SOFT99's overall GF Score™ is 64/100. 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 SOFT99 (TSE:4464), the current Piotroski F-Score is 8 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 SOFT99 (TSE:4464) Overvalued in 2026?

Based on GuruFocus' analysis, SOFT99 stock appears to be overvalued. The current stock price of 円3,485.00 is trading 121.2% above its estimated GF Value™ of 円1,575.67. GuruFocus considers SOFT99 to be Significantly Overvalued.

Key valuation signals for TSE:4464:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: 円1,575.67 vs. price of 円3,485.00 (121.2% above fair value)
  • GF Score™: 64/100
  • Industry Position: 60% above the Chemicals median (#41 of 1563)

No single metric tells the full story. See the TSE:4464 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SOFT99 Business Description

Address 2-6-5 Tanimachi, Chuo-ku, Osaka, JPN, 540-0012
SOFT99 Corp is engaged in the manufacturing and sale of chemical products for auto and home care products. It offers products such as water block wax, cleaners, shampoo, car wash equipment, GlACO water repellant series, DIY repair paint and chemical products, synthetic snow tire chain, air freshener, eye glass cleaner and home care products. The products are exported to China, Taiwan, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Russia, Ukraine, Germany, Poland, United Kingdom, Saudi Arabia, U.S.A, Brazil, Paraguay, Australia, and others.
64GF Score

Get the complete analysis for TSE:4464

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

円3,485.00
Price
円1,575.67
GF Value