Waseda Academy Co (TSE:4718) Piotroski F-Score: 7 (As of Jul. 12, 2026) — Near Median


TSE:4718 Waseda Academy Co Ltd TSE:4718
85 GF Score
Price 円2,455.00
GF Value 円2,111.10
Valuation Modestly Overvalued
View Full Analysis

What is Waseda Academy Co Piotroski F-Score?

Waseda Academy Co TSE:4718 +0.90% 85 Piotroski F-Score is 7 as of Jul. 12, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:4718 with a GF Score™ of 85/100 and a GF Value™ of 円2,111.10 (Modestly Overvalued). Among 253 Education companies, Waseda Academy Co ranks better than 87.75% 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

Waseda Academy 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 Waseda Academy Co's Piotroski F-Score or its related term are showing as below:

TSE:4718' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Waseda Academy Co was 8. The lowest was 5. And the median was 7.

Waseda Academy Co  (TSE:4718) 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.


Waseda Academy Co Piotroski F-Score Related Terms


Waseda Academy Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Waseda Academy 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.

Waseda Academy Co Piotroski F-Score Chart

Waseda Academy Co 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 6.00 8.00 7.00 8.00 7.00

Waseda Academy Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.00 0.00 8.00 0.00 7.00

TSE:4718 vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Waseda Academy 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.


Waseda Academy Co Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Waseda Academy Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Waseda Academy Co's Piotroski F-Score falls into.


TSE:4718
85GF Score
Waseda Academy Co Ltd TSE:4718
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2,487 Mil.
Cash Flow from Operations was 円4,203 Mil.
Revenue was 円37,659 Mil.
Gross Profit was 円12,193 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (24485.065 + 26197.878) / 2 = 円25341.4715 Mil.
Total Assets at the begining of this year (Mar25) was 円24,485 Mil.
Long-Term Debt & Capital Lease Obligation was 円351 Mil.
Total Current Assets was 円13,817 Mil.
Total Current Liabilities was 円6,021 Mil.
Net Income was 円2,339 Mil.

Revenue was 円35,070 Mil.
Gross Profit was 円10,917 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (23057.882 + 24485.065) / 2 = 円23771.4735 Mil.
Total Assets at the begining of last year (Mar24) was 円23,058 Mil.
Long-Term Debt & Capital Lease Obligation was 円302 Mil.
Total Current Assets was 円11,252 Mil.
Total Current Liabilities was 円5,778 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.

Waseda Academy Co's current Net Income (TTM) was 2,487. ==> 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.

Waseda Academy Co's current Cash Flow from Operations (TTM) was 4,203. ==> 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 (Mar25)
=2487.016/24485.065
=0.10157278

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2338.913/23057.882
=0.10143659

Waseda Academy Co's return on assets of this year was 0.10157278. Waseda Academy Co's return on assets of last year was 0.10143659. ==> 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.

Waseda Academy Co's current Net Income (TTM) was 2,487. Waseda Academy Co's current Cash Flow from Operations (TTM) was 4,203. ==> 4,203 > 2,487 ==> 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 Mar25 to Mar26
=351.178/25341.4715
=0.01385784

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=301.656/23771.4735
=0.01268983

Waseda Academy Co's gearing of this year was 0.01385784. Waseda Academy Co's gearing of last year was 0.01268983. ==> 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
=13817.198/6020.673
=2.29495905

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=11251.972/5778.016
=1.9473764

Waseda Academy Co's current ratio of this year was 2.29495905. Waseda Academy Co's current ratio of last year was 1.9473764. ==> 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.

Waseda Academy Co's number of shares in issue this year was 18.476. Waseda Academy Co's number of shares in issue last year was 18.41. ==> 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
=12193.089/37658.867
=0.32377737

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10916.513/35069.991
=0.3112779

Waseda Academy Co's gross margin of this year was 0.32377737. Waseda Academy Co's gross margin of last year was 0.3112779. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=37658.867/24485.065
=1.53803419

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=35069.991/23057.882
=1.52095457

Waseda Academy Co's asset turnover of this year was 1.53803419. Waseda Academy Co's asset turnover of last year was 1.52095457. ==> 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+0+1+0+1+1
=7

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

Waseda Academy Co 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?
Waseda Academy Co (TSE:4718) has a Piotroski F-Score of 7 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Waseda Academy Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Waseda Academy Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Waseda Academy Co ranks #31 out of 253 companies in the Education industry, placing it in the top 12.3%.
Is Waseda Academy Co's Piotroski F-Score too high?
Waseda Academy Co's 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 5.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Waseda Academy Co's value of 7 is 40% above this industry median. Based on the distribution chart, Waseda Academy Co ranks #31 out of 253 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Waseda Academy Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waseda Academy Co's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Waseda Academy Co ranks #31 out of 253 companies for Piotroski F-Score. This places Waseda Academy Co in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Waseda Academy Co's value of 7 is 40% above this benchmark. Historically, Waseda Academy Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Waseda Academy 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 253 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. Waseda Academy 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 Waseda Academy 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. Waseda Academy Co'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 Waseda Academy Co stock overvalued right now?
Based on GuruFocus' analysis, Waseda Academy Co (TSE:4718) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,111.10, compared to a current price of 円2,455.00 — trading 16.3% above 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 Education industry median of 5.00. Waseda Academy Co's overall GF Score™ is 85/100. 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 Waseda Academy Co (TSE:4718), the current Piotroski F-Score is 7 as of Jul. 12, 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 Waseda Academy Co (TSE:4718) Overvalued in 2026?

Based on GuruFocus' analysis, Waseda Academy Co stock appears to be overvalued. The current stock price of 円2,455.00 is trading 16.3% above its estimated GF Value™ of 円2,111.10. GuruFocus considers Waseda Academy Co to be Modestly Overvalued.

Key valuation signals for TSE:4718:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: 円2,111.10 vs. price of 円2,455.00 (16.3% above fair value)
  • GF Score™: 85/100
  • Industry Position: 40% above the Education median (#31 of 253)

No single metric tells the full story. See the TSE:4718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waseda Academy Co Business Description

Address 171-0022 9th floor, Diamond Gate Ikebukuro, 1-16-15 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0014
Waseda Academy Co Ltd is engaged in the management of preparatory schools for elementary, junior high and high school students.
85GF Score

Get the complete analysis for TSE:4718

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

円2,455.00
Price
円2,111.10
GF Value