Piotroski F-Score is 9, 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
Value Soft Holdings has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Value Soft Holdings's Piotroski F-Score or its related term are showing as below:
TSE:455A'
s Piotroski F-Score Range Over the Past 10 Years
Min: 9 Med: 9 Max: 9
Current: 9
During the past 3 years, the highest Piotroski F-Score of Value Soft Holdings was 9. The lowest was 9. And the median was 9.
Value Soft Holdings (TSE:455A) 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.
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.
Value Soft Holdings Piotroski F-Score Related Terms
Value Soft Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Value Soft Holdings'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.
Value Soft Holdings Piotroski F-Score Chart
Value Soft Holdings Annual Data
Trend
Dec23
Dec24
Dec25
Piotroski F-Score
N/A
N/A
9.00
Value Soft Holdings Semi-Annual Data
Dec23
Dec24
Jun25
Dec25
Piotroski F-Score
N/A
N/A
0.00
9.00
TSE:455A vs CRM, SHOP, INTU: Piotroski F-Score Comparison
For the Software - Application subindustry, Value Soft Holdings'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.
Value Soft Holdings Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Value Soft Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Value Soft Holdings's Piotroski F-Score falls into.
* 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.
*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.
Value Soft Holdings's current Net Income (TTM) was 58.
==> 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.
Value Soft Holdings's return on assets of this year was 0.11598519. Value Soft Holdings's return on assets of last year was 0.09750925.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Value Soft Holdings's gearing of this year was 0.07497736. Value Soft Holdings's gearing of last year was 0.1226951.
==> 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
Value Soft Holdings's current ratio of this year was 1.98812011. Value Soft Holdings's current ratio of last year was 1.94086958.
==> 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.
Value Soft Holdings's number of shares in issue this year was 0.1. Value Soft Holdings's number of shares in issue last year was 0.1.
==> 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.
Value Soft Holdings's gross margin of this year was 0.20716645. Value Soft Holdings's gross margin of last year was 0.18422166.
==> 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
Value Soft Holdings's asset turnover of this year was 2.90508123. Value Soft Holdings's asset turnover of last year was 2.90445019.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
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Que. 6
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Que. 7
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Que. 9
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1
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1
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1
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1
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1
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1
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1
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1
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1
=
9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Value Soft Holdings has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Value Soft Holdings (TSE:455A) has a Piotroski F-Score of 9 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Value Soft Holdings and its competitors. This is near median its historical median of 9.00. Over the past decade, Value Soft Holdings' Piotroski F-Score has ranged from 9.00 to 9.00.
Is Value Soft Holdings' Piotroski F-Score too high?
Value Soft Holdings' current Piotroski F-Score of 9 is near median its 10-year median of 9.00. Over the past 10 years, this metric has ranged from a low of 9.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Value Soft Holdings' value of 9 is 80% above this industry median. Overall, Value Soft Holdings has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Value Soft Holdings' Piotroski F-Score compare to CRM and SHOP?
Value Soft Holdings' Piotroski F-Score of 9 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. Value Soft Holdings' value of 9 is 80% above this benchmark. Historically, Value Soft Holdings' own Piotroski F-Score has ranged from 9.00 to 9.00 over the past decade. While the company's 10-year median is 9.00 vs. the industry median of 5.00, Value Soft Holdings 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 2,743 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. Value Soft Holdings's current Piotroski F-Score of 9 is 80% 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 Value Soft Holdings 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. Value Soft Holdings's current Piotroski F-Score is 9, which is near median its own 10-year median of 9.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Value Soft Holdings stock overvalued right now?
Value Soft Holdings (TSE:455A) has a current Piotroski F-Score of 9. The current Piotroski F-Score is 9, which is near median its 10-year median of 9.00 and 80% above the Software industry median of 5.00. Value Soft Holdings' overall GF Score™ is 23/100. 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 Value Soft Holdings (TSE:455A), the current Piotroski F-Score is 9 as of Jun. 29, 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.
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