MEDLEY (TSE:4480) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


TSE:4480 MEDLEY Inc TSE:4480
72 GF Score
Price 円1,980.00
GF Value 円6,724.37
Valuation Significantly Undervalued
! 4 Warning Signs
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What is MEDLEY Piotroski F-Score?

MEDLEY TSE:4480 -0.85% 72 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:4480 with a GF Score™ of 72/100 and a GF Value™ of 円6,724.37 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 650 Healthcare Providers & Services companies, MEDLEY ranks better than 54.46% 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

MEDLEY has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:4480' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 7 years, the highest Piotroski F-Score of MEDLEY was 8. The lowest was 3. And the median was 5.

MEDLEY  (TSE:4480) 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.


MEDLEY Piotroski F-Score Related Terms


MEDLEY Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MEDLEY'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.

MEDLEY Piotroski F-Score Chart

MEDLEY Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 8.00 6.00 3.00 5.00

MEDLEY Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.00 0.00 0.00 0.00 5.00

TSE:4480 vs VEEV, BTSG, TEM: Piotroski F-Score Comparison

For the Health Information Services subindustry, MEDLEY'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.


MEDLEY Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MEDLEY's Piotroski F-Score distribution charts can be found below:

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


TSE:4480
72GF Score
MEDLEY Inc TSE:4480
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975 Mil.
Cash Flow from Operations was 円3,486 Mil.
Revenue was 円36,786 Mil.
Gross Profit was 円23,186 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (45201 + 41252) / 2 = 円43226.5 Mil.
Total Assets at the begining of this year (Dec24) was 円45,201 Mil.
Long-Term Debt & Capital Lease Obligation was 円12,299 Mil.
Total Current Assets was 円14,820 Mil.
Total Current Liabilities was 円11,516 Mil.
Net Income was 円2,798 Mil.

Revenue was 円29,302 Mil.
Gross Profit was 円18,919 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (25430 + 45201) / 2 = 円35315.5 Mil.
Total Assets at the begining of last year (Dec23) was 円25,430 Mil.
Long-Term Debt & Capital Lease Obligation was 円11,564 Mil.
Total Current Assets was 円25,337 Mil.
Total Current Liabilities was 円10,562 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.

MEDLEY's current Net Income (TTM) was 975. ==> 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.

MEDLEY's current Cash Flow from Operations (TTM) was 3,486. ==> 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)
=975/45201
=0.02157032

ROA (Last Year)=Net Income/Total Assets (Dec23)
=2798/25430
=0.11002753

MEDLEY's return on assets of this year was 0.02157032. MEDLEY's return on assets of last year was 0.11002753. ==> 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.

MEDLEY's current Net Income (TTM) was 975. MEDLEY's current Cash Flow from Operations (TTM) was 3,486. ==> 3,486 > 975 ==> 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
=12299/43226.5
=0.28452454

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=11564/35315.5
=0.32744829

MEDLEY's gearing of this year was 0.28452454. MEDLEY's gearing of last year was 0.32744829. ==> 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
=14820/11516
=1.28690518

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=25337/10562
=2.39888279

MEDLEY's current ratio of this year was 1.28690518. MEDLEY's current ratio of last year was 2.39888279. ==> 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.

MEDLEY's number of shares in issue this year was 31.999. MEDLEY's number of shares in issue last year was 32.679. ==> 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
=23186/36786
=0.63029413

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=18919/29302
=0.64565559

MEDLEY's gross margin of this year was 0.63029413. MEDLEY's gross margin of last year was 0.64565559. ==> 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)
=36786/45201
=0.81383155

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=29302/25430
=1.15226111

MEDLEY's asset turnover of this year was 0.81383155. MEDLEY's asset turnover of last year was 1.15226111. ==> 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
=1+1+0+1+1+0+1+0+0
=5

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

MEDLEY has an F-score of 5 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 5 mean?
MEDLEY (TSE:4480) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MEDLEY and its competitors. This is near median its historical median of 5.00. Over the past decade, MEDLEY's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, MEDLEY ranks #296 out of 650 companies in the Healthcare Providers & Services industry, placing it in the top 45.5%.
Is MEDLEY's Piotroski F-Score too high?
MEDLEY's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. MEDLEY's value of 5 is 0% at this industry median. Based on the distribution chart, MEDLEY ranks #296 out of 650 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, MEDLEY has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MEDLEY's Piotroski F-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, MEDLEY ranks #296 out of 650 companies for Piotroski F-Score. This puts MEDLEY in the upper half of its industry. The industry median Piotroski F-Score is 5.00. MEDLEY's value of 5 is 0% at this benchmark. Historically, MEDLEY'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 5.00 vs. the industry median of 5.00, MEDLEY has consistently been at 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 650 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. MEDLEY's current Piotroski F-Score of 5 is 0% at 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 MEDLEY and its competitors. For the Healthcare Providers & Services 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. MEDLEY's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MEDLEY stock overvalued right now?
Based on GuruFocus' analysis, MEDLEY (TSE:4480) is currently considered Significantly Undervalued. The stock's GF Value™ is 円6,724.37, compared to a current price of 円1,980.00 — trading 70.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Healthcare Providers & Services industry median of 5.00. MEDLEY's overall GF Score™ is 72/100 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 MEDLEY (TSE:4480), the current Piotroski F-Score is 5 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 MEDLEY (TSE:4480) Overvalued in 2026?

Based on GuruFocus' analysis, MEDLEY stock appears to be undervalued. The current stock price of 円1,980.00 is trading 70.6% below its estimated GF Value™ of 円6,724.37. GuruFocus considers MEDLEY to be Significantly Undervalued.

Key valuation signals for TSE:4480:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円6,724.37 vs. price of 円1,980.00 (70.6% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 0% at the Healthcare Providers & Services median (#296 of 650)

No single metric tells the full story. See the TSE:4480 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MEDLEY Business Description

Other Exchanges MDLYF:USA3YV:Germany
Address 3-2-1 Roppongi, Minato-ku, 22nd Floor Sumitomo Fudosan Roppongi Grand Tower, Tokyo, JPN, 106-6222
MEDLEY Inc is engaged in providing medical information service for patients, and nursing care, a nursing care information service for citizens resolving issues in the field of medical healthcare. It provides its services through two platforms, Recruitment Platform Business which provides human resource recruitment systems in the medical and healthcare field and related businesses; and Medical Platform Business that is a telemedicine system for both patients and medical institutions.
72GF Score

Get the complete analysis for TSE:4480

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

円1,980.00
Price
円6,724.37
GF Value