i Cubed Systems (TSE:4495) Piotroski F-Score: 7 (As of Jul. 15, 2026) — Near Median

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TSE:4495 i Cubed Systems Inc TSE:4495
83 GF Score
Price 円1,871.00
GF Value 円2,551.82
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is i Cubed Systems Piotroski F-Score?

i Cubed Systems TSE:4495 +0.81% 83 Piotroski F-Score is 7 as of Jul. 15, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:4495 with a GF Score™ of 83/100 and a GF Value™ of 円2,551.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,735 Software companies, i Cubed Systems ranks better than 91.77% 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

i Cubed Systems 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 i Cubed Systems's Piotroski F-Score or its related term are showing as below:

TSE:4495' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 8 years, the highest Piotroski F-Score of i Cubed Systems was 9. The lowest was 4. And the median was 7.

i Cubed Systems  (TSE:4495) 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.


i Cubed Systems Piotroski F-Score Related Terms


i Cubed Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for i Cubed Systems'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.

i Cubed Systems Piotroski F-Score Chart

i Cubed Systems Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 5.00 4.00 6.00 7.00

i Cubed Systems Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 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 0.00 7.00 0.00 0.00 0.00

TSE:4495 vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, i Cubed Systems'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.


i Cubed Systems Piotroski F-Score vs Software Industry

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

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


TSE:4495
83GF Score
i Cubed Systems Inc TSE:4495
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was 円559 Mil.
Cash Flow from Operations was 円1,015 Mil.
Revenue was 円3,750 Mil.
Gross Profit was 円2,697 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (3609.238 + 4438.748) / 2 = 円4023.993 Mil.
Total Assets at the begining of this year (Jun24) was 円3,609 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,983 Mil.
Total Current Liabilities was 円1,487 Mil.
Net Income was 円463 Mil.

Revenue was 円2,949 Mil.
Gross Profit was 円2,188 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (3399.411 + 3609.238) / 2 = 円3504.3245 Mil.
Total Assets at the begining of last year (Jun23) was 円3,399 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円2,525 Mil.
Total Current Liabilities was 円1,030 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.

i Cubed Systems's current Net Income (TTM) was 559. ==> 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.

i Cubed Systems's current Cash Flow from Operations (TTM) was 1,015. ==> 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 (Jun24)
=558.635/3609.238
=0.15477921

ROA (Last Year)=Net Income/Total Assets (Jun23)
=463.463/3399.411
=0.13633627

i Cubed Systems's return on assets of this year was 0.15477921. i Cubed Systems's return on assets of last year was 0.13633627. ==> 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.

i Cubed Systems's current Net Income (TTM) was 559. i Cubed Systems's current Cash Flow from Operations (TTM) was 1,015. ==> 1,015 > 559 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/4023.993
=0

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/3504.3245
=0

i Cubed Systems's gearing of this year was 0. i Cubed Systems'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: Jun25)=Total Current Assets/Total Current Liabilities
=2982.631/1487.387
=2.00528242

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=2525.326/1029.673
=2.45255144

i Cubed Systems's current ratio of this year was 2.00528242. i Cubed Systems's current ratio of last year was 2.45255144. ==> 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.

i Cubed Systems's number of shares in issue this year was 5.096. i Cubed Systems's number of shares in issue last year was 5.269. ==> 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
=2697.247/3749.791
=0.71930596

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2187.589/2949.083
=0.74178618

i Cubed Systems's gross margin of this year was 0.71930596. i Cubed Systems's gross margin of last year was 0.74178618. ==> 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 (Jun24)
=3749.791/3609.238
=1.03894257

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=2949.083/3399.411
=0.86752764

i Cubed Systems's asset turnover of this year was 1.03894257. i Cubed Systems's asset turnover of last year was 0.86752764. ==> 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+1+0+1
=7

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

i Cubed Systems 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?
i Cubed Systems (TSE:4495) has a Piotroski F-Score of 7 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on i Cubed Systems and its competitors. This is near median its historical median of 7.00. Over the past decade, i Cubed Systems' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, i Cubed Systems ranks #225 out of 2735 companies in the Software industry, placing it in the top 8.2%.
Is i Cubed Systems' Piotroski F-Score too high?
i Cubed Systems' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. i Cubed Systems' value of 7 is 40% above this industry median. Based on the distribution chart, i Cubed Systems ranks #225 out of 2735 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, i Cubed Systems has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does i Cubed Systems' Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, i Cubed Systems ranks #225 out of 2735 companies for Piotroski F-Score. This places i Cubed Systems in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. i Cubed Systems' value of 7 is 40% above this benchmark. Historically, i Cubed Systems' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, i Cubed Systems 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 2,735 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. i Cubed Systems'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 i Cubed Systems 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. i Cubed Systems's current Piotroski F-Score is 7, which is near 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 i Cubed Systems stock overvalued right now?
Based on GuruFocus' analysis, i Cubed Systems (TSE:4495) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,551.82, compared to a current price of 円1,871.00 — trading 26.7% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Software industry median of 5.00. i Cubed Systems' overall GF Score™ is 83/100 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 i Cubed Systems (TSE:4495), the current Piotroski F-Score is 7 as of Jul. 15, 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 i Cubed Systems (TSE:4495) Overvalued in 2026?

Based on GuruFocus' analysis, i Cubed Systems stock appears to be undervalued. The current stock price of 円1,871.00 is trading 26.7% below its estimated GF Value™ of 円2,551.82. GuruFocus considers i Cubed Systems to be Modestly Undervalued.

Key valuation signals for TSE:4495:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円2,551.82 vs. price of 円1,871.00 (26.7% below fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 40% above the Software median (#225 of 2735)

No single metric tells the full story. See the TSE:4495 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


i Cubed Systems Business Description

Address 4-1-37 Tenjin, Chuo-ku, 4th Floor, Daiichi Myojo Building, Fukuoka Prefecture, Fukuoka, Tokyo, JPN, 810-0001
i Cubed Systems Inc is engaged in the provision of mobile device management services for corporations. The company provides CLOMO's business application series that includes Clomo browser, Clomo Mailer, Clomo Calendar, Clomo Address book, and Clomo File sharing. The Group has two reportable segments: CLOMO Business and Investment Business.
83GF Score

Get the complete analysis for TSE:4495

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

円1,871.00
Price
円2,551.82
GF Value