Ichishin Holdings CoTSE:4645 65 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:4645 with a GF Score™ of 65/100 and a GF Value™ of 円632.49 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 254 Education companies, Ichishin Holdings Co ranks better than 87.8% 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
Ichishin Holdings Co 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 Ichishin Holdings Co's Piotroski F-Score or its related term are showing as below:
TSE:4645'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Ichishin Holdings Co was 9. The lowest was 4. And the median was 6.
Ichishin Holdings Co (TSE:4645) 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.
Ichishin Holdings Co Piotroski F-Score Related Terms
Ichishin Holdings Co Piotroski F-Score Historical Data
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The historical data trend for Ichishin Holdings Co'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.
TSE:4645 vs EDU, TAL, GHC: Piotroski F-Score Comparison
For the Education & Training Services subindustry, Ichishin Holdings Co'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.
Ichishin Holdings Co Piotroski F-Score vs Education Industry
For the Education industry and Consumer Defensive sector, Ichishin Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ichishin Holdings Co'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.
Ichishin Holdings Co's current Net Income (TTM) was 629.
==> 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.
Ichishin Holdings Co's return on assets of this year was 0.0460559. Ichishin Holdings Co's return on assets of last year was 0.02438933.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ichishin Holdings Co's gearing of this year was 0.36367719. Ichishin Holdings Co's gearing of last year was 0.4230847.
==> 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
Ichishin Holdings Co's current ratio of this year was 1.56279513. Ichishin Holdings Co's current ratio of last year was 1.53832594.
==> 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.
Ichishin Holdings Co's number of shares in issue this year was 8.135. Ichishin Holdings Co's number of shares in issue last year was 8.853.
==> 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.
Ichishin Holdings Co's gross margin of this year was 0.16528618. Ichishin Holdings Co's gross margin of last year was 0.16672126.
==> 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
Ichishin Holdings Co's asset turnover of this year was 1.36679509. Ichishin Holdings Co's asset turnover of last year was 1.41889225.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ichishin Holdings Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Ichishin Holdings Co (TSE:4645) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ichishin Holdings Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Ichishin Holdings Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Ichishin Holdings Co ranks #31 out of 254 companies in the Education industry, placing it in the top 12.2%.
Is Ichishin Holdings Co's Piotroski F-Score too high?
Ichishin Holdings Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Education industry median Piotroski F-Score is 5.00. Ichishin Holdings Co's value of 7 is 40% above this industry median. Based on the distribution chart, Ichishin Holdings Co ranks #31 out of 254 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Ichishin Holdings Co has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ichishin Holdings Co's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Ichishin Holdings Co ranks #31 out of 254 companies for Piotroski F-Score. This places Ichishin Holdings Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ichishin Holdings Co's value of 7 is 40% above this benchmark. Historically, Ichishin Holdings Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ichishin Holdings Co 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. Ichishin Holdings Co'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 Ichishin Holdings Co and its competitors. For the Education 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. Ichishin Holdings Co's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichishin Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ichishin Holdings Co (TSE:4645) is currently considered Significantly Undervalued. The stock's GF Value™ is 円632.49, compared to a current price of 円430.00 — trading 32% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Education industry median of 5.00. Ichishin Holdings Co's overall GF Score™ is 65/100 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 Ichishin Holdings Co (TSE:4645), the current Piotroski F-Score is 7 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 Ichishin Holdings Co (TSE:4645) Overvalued in 2026?
Based on GuruFocus' analysis, Ichishin Holdings Co stock appears to be undervalued.
The current stock price of 円430.00 is trading 32% below its estimated GF Value™ of 円632.49.
GuruFocus considers Ichishin Holdings Co to be Significantly Undervalued.
Key valuation signals for TSE:4645:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: 円632.49 vs. price of 円430.00 (32% below fair value)
Industry Position: 40% above the Education median (#31 of 254)
No single metric tells the full story. See the TSE:4645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichishin Holdings Co Ltd is engaged in the education business. It provides curriculum, instruction, and examination materials for elementary and secondary schools. It is also involved in the provision of group tutorial, individual tutorial, and video tutorial services.
65GF Score
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