FUJI Media Holdings (TSE:4676) Piotroski F-Score: 4 (As of Sep. 11, 2026) — 33% Below Median

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TSE:4676 FUJI Media Holdings Inc TSE:4676
70 GF Score
Price 円4,034.00
GF Value 円3,008.92
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is FUJI Media Holdings Piotroski F-Score?

FUJI Media Holdings TSE:4676 -0.37% 70 Piotroski F-Score is 4 as of Sep. 11, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:4676 with a GF Score™ of 70/100 and a GF Value™ of 円3,008.92 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,002 Media - Diversified companies, FUJI Media Holdings ranks worse than 61.48% 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

FUJI Media Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:4676' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of FUJI Media Holdings was 7. The lowest was 4. And the median was 6.

FUJI Media Holdings  (TSE:4676) 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.


FUJI Media Holdings Piotroski F-Score Related Terms


FUJI Media Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FUJI Media 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.

FUJI Media Holdings Piotroski F-Score Chart

FUJI Media Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 6.00 4.00 4.00

FUJI Media Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 4.00 0.00

TSE:4676 vs NXST: Piotroski F-Score Comparison

For the Broadcasting subindustry, FUJI Media 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.


FUJI Media Holdings Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FUJI Media Holdings's Piotroski F-Score distribution charts can be found below:

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


TSE:4676
70GF Score
FUJI Media Holdings Inc TSE:4676
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 (Mar25) TTM:
Net Income was 円6,499 Mil.
Cash Flow from Operations was 円-341 Mil.
Revenue was 円551,865 Mil.
Gross Profit was 円105,039 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1440296 + 1464728) / 2 = 円1452512 Mil.
Total Assets at the begining of this year (Mar25) was 円1,440,296 Mil.
Long-Term Debt & Capital Lease Obligation was 円337,557 Mil.
Total Current Assets was 円390,667 Mil.
Total Current Liabilities was 円423,652 Mil.
Net Income was 円-20,134 Mil.

Revenue was 円550,761 Mil.
Gross Profit was 円139,175 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1448833 + 1440296) / 2 = 円1444564.5 Mil.
Total Assets at the begining of last year (Mar24) was 円1,448,833 Mil.
Long-Term Debt & Capital Lease Obligation was 円281,690 Mil.
Total Current Assets was 円398,592 Mil.
Total Current Liabilities was 円186,939 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.

FUJI Media Holdings's current Net Income (TTM) was 6,499. ==> 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.

FUJI Media Holdings's current Cash Flow from Operations (TTM) was -341. ==> Negative ==> Score 0.

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 (Mar25)
=6499/1440296
=0.00451227

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-20134/1448833
=-0.0138967

FUJI Media Holdings's return on assets of this year was 0.00451227. FUJI Media Holdings's return on assets of last year was -0.0138967. ==> 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.

FUJI Media Holdings's current Net Income (TTM) was 6,499. FUJI Media Holdings's current Cash Flow from Operations (TTM) was -341. ==> -341 <= 6,499 ==> CFROA <= ROA ==> Score 0.

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 Mar25 to Mar26
=337557/1452512
=0.23239533

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=281690/1444564.5
=0.19499995

FUJI Media Holdings's gearing of this year was 0.23239533. FUJI Media Holdings's gearing of last year was 0.19499995. ==> Last year is lower than this year ==> Score 0.

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
=390667/423652
=0.92214129

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=398592/186939
=2.13220355

FUJI Media Holdings's current ratio of this year was 0.92214129. FUJI Media Holdings's current ratio of last year was 2.13220355. ==> 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.

FUJI Media Holdings's number of shares in issue this year was 142.446. FUJI Media Holdings's number of shares in issue last year was 210.296. ==> 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
=105039/551865
=0.19033459

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=139175/550761
=0.25269582

FUJI Media Holdings's gross margin of this year was 0.19033459. FUJI Media Holdings's gross margin of last year was 0.25269582. ==> 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 (Mar25)
=551865/1440296
=0.38316082

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=550761/1448833
=0.38014112

FUJI Media Holdings's asset turnover of this year was 0.38316082. FUJI Media Holdings's asset turnover of last year was 0.38014112. ==> 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+0+1+0+0+0+1+0+1
=4

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

FUJI Media Holdings has an F-score of 4 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 4 mean?
FUJI Media Holdings (TSE:4676) has a Piotroski F-Score of 4 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FUJI Media Holdings and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, FUJI Media Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, FUJI Media Holdings ranks #616 out of 1002 companies in the Media - Diversified industry, placing it in the top 61.5%.
Is FUJI Media Holdings' Piotroski F-Score too high?
FUJI Media Holdings' current Piotroski F-Score of 4 is 33% below 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 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. FUJI Media Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, FUJI Media Holdings ranks #616 out of 1002 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, FUJI Media Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FUJI Media Holdings' Piotroski F-Score compare to NXST?
According to the Media - Diversified industry distribution chart, FUJI Media Holdings ranks #616 out of 1002 companies for Piotroski F-Score. This places FUJI Media Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. FUJI Media Holdings' value of 4 is 20% below this benchmark. Historically, FUJI Media Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, FUJI Media Holdings has consistently been below 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,002 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. FUJI Media Holdings's current Piotroski F-Score of 4 is 20% below 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 FUJI Media Holdings and its competitors. For the Media - Diversified 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. FUJI Media Holdings's current Piotroski F-Score is 4, which is 33% below 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 FUJI Media Holdings stock overvalued right now?
Based on GuruFocus' analysis, FUJI Media Holdings (TSE:4676) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,008.92, compared to a current price of 円4,034.00 — trading 34.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Media - Diversified industry median of 5.00. FUJI Media Holdings' overall GF Score™ is 70/100 with 9 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 FUJI Media Holdings (TSE:4676), the current Piotroski F-Score is 4 as of Sep. 11, 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 FUJI Media Holdings (TSE:4676) Overvalued in 2026?

Based on GuruFocus' analysis, FUJI Media Holdings stock appears to be overvalued. The current stock price of 円4,034.00 is trading 34.1% above its estimated GF Value™ of 円3,008.92. GuruFocus considers FUJI Media Holdings to be Significantly Overvalued.

Key valuation signals for TSE:4676:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: 円3,008.92 vs. price of 円4,034.00 (34.1% above fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 20% below the Media - Diversified median (#616 of 1002)

No single metric tells the full story. See the TSE:4676 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FUJI Media Holdings Business Description

Other Exchanges FTN:GermanyFTN:Germany
Address 2-4-8 Daiba, Minato-ku, Tokyo, JPN, 137-8088
FUJI Media Holdings Inc operates as a certified broadcasting holding company engaged in media, content, and related businesses. The company has two reportable segments: Media & Content Business, which involves broadcasting, film and animation production, music publishing, advertising, and mail-order sales; and Urban Development & Tourism Business, which engages in building rental, real estate transactions, and hotel and resort management. The company earns the majority of its revenue in Japan.
70GF Score

Get the complete analysis for TSE:4676

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

円4,034.00
Price
円3,008.92
GF Value