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Digital GarageTSE:4819 -1.12%64 Piotroski F-Score is 5 as of Aug. 16, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates TSE:4819 with a GF Score™ of 64/100 and a GF Value™ of 円3,801.93 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,724 Software companies, Digital Garage ranks better than 59.65% 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
Digital Garage 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 Digital Garage's Piotroski F-Score or its related term are showing as below:
TSE:4819'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Digital Garage was 8. The lowest was 2. And the median was 4.
Digital Garage (TSE:4819) 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.
Digital Garage Piotroski F-Score Related Terms
Digital Garage Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Digital Garage'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:4819 vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Digital Garage'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.
Digital Garage Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Digital Garage's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Digital Garage'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.
Digital Garage's current Net Income (TTM) was 1,369.
==> 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.
Digital Garage's return on assets of this year was 0.00645743. Digital Garage's return on assets of last year was -0.04576318.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Digital Garage's gearing of this year was 0.15701932. Digital Garage's gearing of last year was 0.14235034.
==> 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
Digital Garage's current ratio of this year was 1.46621293. Digital Garage's current ratio of last year was 1.48026738.
==> 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.
Digital Garage's number of shares in issue this year was 46.004. Digital Garage's number of shares in issue last year was 45.813.
==> 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.
Digital Garage's gross margin of this year was 0.67084609. Digital Garage's gross margin of last year was 0.62783217.
==> 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
Digital Garage's asset turnover of this year was 0.19261429. Digital Garage's asset turnover of last year was 0.1470038.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Digital Garage has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Digital Garage (TSE:4819) has a Piotroski F-Score of 5 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Digital Garage and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Digital Garage's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Digital Garage ranks #1099 out of 2724 companies in the Software industry, placing it in the top 40.3%.
Is Digital Garage's Piotroski F-Score too high?
Digital Garage'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 2.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Digital Garage's value of 5 is 0% at this industry median. Based on the distribution chart, Digital Garage ranks #1099 out of 2724 companies in the Software industry, which is above the industry midpoint. Overall, Digital Garage has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Digital Garage's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Digital Garage ranks #1099 out of 2724 companies for Piotroski F-Score. This puts Digital Garage in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Digital Garage's value of 5 is 0% at this benchmark. Historically, Digital Garage's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Digital Garage has consistently been at 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 2,724 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. Digital Garage's current Piotroski F-Score of 5 is 0% at 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 Digital Garage 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. Digital Garage'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 Digital Garage stock overvalued right now?
Based on GuruFocus' analysis, Digital Garage (TSE:4819) is currently considered Possible Value Trap. The stock's GF Value™ is 円3,801.93, compared to a current price of 円2,299.00 — trading 39.5% 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 0% at the Software industry median of 5.00. Digital Garage's overall GF Score™ is 64/100 with 8 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 Digital Garage (TSE:4819), the current Piotroski F-Score is 5 as of Aug. 16, 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 Digital Garage (TSE:4819) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Garage stock appears to be undervalued.
The current stock price of 円2,299.00 is trading 39.5% below its estimated GF Value™ of 円3,801.93.
GuruFocus considers Digital Garage to be Possible Value Trap.
Key valuation signals for TSE:4819:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: 円3,801.93 vs. price of 円2,299.00 (39.5% below fair value)
Industry Position: 0% at the Software median (#1099 of 2724)
No single metric tells the full story. See the TSE:4819 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.
64GF Score
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