RaQualia Pharma (TSE:4579) Piotroski F-Score: 5 (As of Jul. 08, 2026) — 25% Above Median


TSE:4579 RaQualia Pharma Inc TSE:4579
57 GF Score
Price 円468.00
GF Value 円961.31
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is RaQualia Pharma Piotroski F-Score?

RaQualia Pharma TSE:4579 -2.70% 57 Piotroski F-Score is 5 as of Jul. 08, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates TSE:4579 with a GF Score™ of 57/100 and a GF Value™ of 円961.31 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,330 Biotechnology companies, RaQualia Pharma ranks better than 84.96% 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

RaQualia Pharma 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 RaQualia Pharma's Piotroski F-Score or its related term are showing as below:

TSE:4579' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of RaQualia Pharma was 8. The lowest was 1. And the median was 4.

RaQualia Pharma  (TSE:4579) 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.


RaQualia Pharma Piotroski F-Score Related Terms


RaQualia Pharma Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RaQualia Pharma'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.

RaQualia Pharma Piotroski F-Score Chart

RaQualia Pharma Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 1.00 1.00 4.00

RaQualia Pharma 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 1.00 2.00 4.00 4.00 5.00

TSE:4579 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, RaQualia Pharma'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.


RaQualia Pharma Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, RaQualia Pharma's Piotroski F-Score distribution charts can be found below:

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


TSE:4579
57GF Score
RaQualia Pharma Inc TSE:4579
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 (Dec24) TTM:
Net Income was -5.215 + -349.532 + 0 + -225.693 = 円-580 Mil.
Cash Flow from Operations was -299.395 + 57.055 + 0 + 258.202 = 円16 Mil.
Revenue was 965.409 + 570.563 + 0 + 801.993 = 円2,338 Mil.
Gross Profit was 743.064 + 403.756 + 0 + 621.093 = 円1,768 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Mar26) was
(9655.482 + 9510.701 + 9936.14 + 10514.193 + 11391.445) / 5 = 円10201.5922 Mil.
Total Assets at the begining of this year (Dec24) was 円9,655 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,191 Mil.
Total Current Assets was 円6,482 Mil.
Total Current Liabilities was 円1,052 Mil.
Net Income was -206.025 + -78.107 + -245.754 + 0 = 円-530 Mil.

Revenue was 405.709 + 648.581 + 762.467 + 0 = 円1,817 Mil.
Gross Profit was 350.076 + 588.049 + 596.015 + 0 = 円1,534 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Dec24) was
(6968.136 + 6871.972 + 10689.994 + 10125.612 + 9655.482) / 5 = 円8862.2392 Mil.
Total Assets at the begining of last year (Sep23) was 円6,968 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,870 Mil.
Total Current Assets was 円4,539 Mil.
Total Current Liabilities was 円1,187 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.

RaQualia Pharma's current Net Income (TTM) was -580. ==> Negative ==> Score 0.

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.

RaQualia Pharma's current Cash Flow from Operations (TTM) was 16. ==> 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)
=-580.44/9655.482
=-0.06011507

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-529.886/6968.136
=-0.07604415

RaQualia Pharma's return on assets of this year was -0.06011507. RaQualia Pharma's return on assets of last year was -0.07604415. ==> 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.

RaQualia Pharma's current Net Income (TTM) was -580. RaQualia Pharma's current Cash Flow from Operations (TTM) was 16. ==> 16 > -580 ==> 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 Dec24 to Mar26
=2190.599/10201.5922
=0.21473109

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Dec24
=2870.057/8862.2392
=0.32385235

RaQualia Pharma's gearing of this year was 0.21473109. RaQualia Pharma's gearing of last year was 0.32385235. ==> 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
=6482.198/1052.467
=6.15905107

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=4538.963/1187.495
=3.82230073

RaQualia Pharma's current ratio of this year was 6.15905107. RaQualia Pharma's current ratio of last year was 3.82230073. ==> 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.

RaQualia Pharma's number of shares in issue this year was 25.533. RaQualia Pharma's number of shares in issue last year was 21.641. ==> 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
=1767.913/2337.965
=0.75617599

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1534.14/1816.757
=0.84443874

RaQualia Pharma's gross margin of this year was 0.75617599. RaQualia Pharma's gross margin of last year was 0.84443874. ==> 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)
=2337.965/9655.482
=0.24213861

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=1816.757/6968.136
=0.26072353

RaQualia Pharma's asset turnover of this year was 0.24213861. RaQualia Pharma's asset turnover of last year was 0.26072353. ==> 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
=0+1+1+1+1+1+0+0+0
=5

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

RaQualia Pharma 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?
RaQualia Pharma (TSE:4579) has a Piotroski F-Score of 5 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RaQualia Pharma and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, RaQualia Pharma's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, RaQualia Pharma ranks #200 out of 1330 companies in the Biotechnology industry, placing it in the top 15%.
Is RaQualia Pharma's Piotroski F-Score too high?
RaQualia Pharma's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Biotechnology industry median Piotroski F-Score is 3.00. RaQualia Pharma's value of 5 is 66.7% above this industry median. Based on the distribution chart, RaQualia Pharma ranks #200 out of 1330 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, RaQualia Pharma has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RaQualia Pharma's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, RaQualia Pharma ranks #200 out of 1330 companies for Piotroski F-Score. This places RaQualia Pharma in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. RaQualia Pharma's value of 5 is 66.7% above this benchmark. Historically, RaQualia Pharma's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, RaQualia Pharma 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,330 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. RaQualia Pharma's current Piotroski F-Score of 5 is 66.7% 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 RaQualia Pharma and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RaQualia Pharma's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RaQualia Pharma stock overvalued right now?
Based on GuruFocus' analysis, RaQualia Pharma (TSE:4579) is currently considered Significantly Undervalued. The stock's GF Value™ is 円961.31, compared to a current price of 円468.00 — trading 51.3% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 66.7% above the Biotechnology industry median of 3.00. RaQualia Pharma's overall GF Score™ is 57/100 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 RaQualia Pharma (TSE:4579), the current Piotroski F-Score is 5 as of Jul. 08, 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 RaQualia Pharma (TSE:4579) Overvalued in 2026?

Based on GuruFocus' analysis, RaQualia Pharma stock appears to be undervalued. The current stock price of 円468.00 is trading 51.3% below its estimated GF Value™ of 円961.31. GuruFocus considers RaQualia Pharma to be Significantly Undervalued.

Key valuation signals for TSE:4579:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: 円961.31 vs. price of 円468.00 (51.3% below fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 66.7% above the Biotechnology median (#200 of 1330)

No single metric tells the full story. See the TSE:4579 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RaQualia Pharma Business Description

Address 1-21-19 Meieki Minami, Nakamura-ku, Nagoya, JPN, 470-2341
RaQualia Pharma Inc operates as a research and development-centered biotechnology company, generating revenue by creating the seeds for novel medicine and licensing them to pharmaceutical companies. The company manages the Sales and licensing of intellectual property for fundamental technologies related to pharmaceutical compounds and candidate compounds for clinical development. Its product portfolio includes, Tegoprazan (K-CAB), Galliprant and Elura both under Veterinary Medicines. The pipeline products include Potassium-Competitive Acid Blocker, Ghrelin Receptor Agonist, TRPM8 Blocker and 5-HT4 Agonist studied under different phases of development.
57GF Score

Get the complete analysis for TSE:4579

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

円468.00
Price
円961.31
GF Value