SecondXight Analytica (TSE:5028) Piotroski F-Score: 5 (As of Aug. 25, 2026) — 17% Below Median

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TSE:5028 SecondXight Analytica Inc TSE:5028
82 GF Score
Price 円365.00
GF Value 円702.86
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is SecondXight Analytica Piotroski F-Score?

SecondXight Analytica TSE:5028 +3.11% 82 Piotroski F-Score is 5 as of Aug. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:5028 with a GF Score™ of 82/100 and a GF Value™ of 円702.86 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,741 Software companies, SecondXight Analytica ranks better than 60.05% 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

SecondXight Analytica 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 SecondXight Analytica's Piotroski F-Score or its related term are showing as below:

TSE:5028' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of SecondXight Analytica was 7. The lowest was 5. And the median was 6.

SecondXight Analytica  (TSE:5028) 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.


SecondXight Analytica Piotroski F-Score Related Terms


SecondXight Analytica Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SecondXight Analytica'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.

SecondXight Analytica Piotroski F-Score Chart

SecondXight Analytica Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 7.00 5.00 5.00

SecondXight Analytica Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 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 0.00 0.00 0.00 5.00 0.00

TSE:5028 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, SecondXight Analytica'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.


SecondXight Analytica Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, SecondXight Analytica's Piotroski F-Score distribution charts can be found below:

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


TSE:5028
82GF Score
SecondXight Analytica Inc TSE:5028
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円122 Mil.
Cash Flow from Operations was 円50 Mil.
Revenue was 円1,436 Mil.
Gross Profit was 円578 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1063.703 + 1266.086) / 2 = 円1164.8945 Mil.
Total Assets at the begining of this year (Dec24) was 円1,064 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円865 Mil.
Total Current Liabilities was 円276 Mil.
Net Income was 円117 Mil.

Revenue was 円1,141 Mil.
Gross Profit was 円538 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Dec24) was (1044.124 + 1063.703) / 2 = 円1053.9135 Mil.
Total Assets at the begining of last year (Mar23) was 円1,044 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円841 Mil.
Total Current Liabilities was 円237 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.

SecondXight Analytica's current Net Income (TTM) was 122. ==> 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.

SecondXight Analytica's current Cash Flow from Operations (TTM) was 50. ==> 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)
=121.748/1063.703
=0.11445676

ROA (Last Year)=Net Income/Total Assets (Mar23)
=116.768/1044.124
=0.11183346

SecondXight Analytica's return on assets of this year was 0.11445676. SecondXight Analytica's return on assets of last year was 0.11183346. ==> 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.

SecondXight Analytica's current Net Income (TTM) was 122. SecondXight Analytica's current Cash Flow from Operations (TTM) was 50. ==> 50 <= 122 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/1164.8945
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Dec24
=0/1053.9135
=0

SecondXight Analytica's gearing of this year was 0. SecondXight Analytica's gearing of last year was 0. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=864.787/275.748
=3.13614967

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=840.757/237.274
=3.5434013

SecondXight Analytica's current ratio of this year was 3.13614967. SecondXight Analytica's current ratio of last year was 3.5434013. ==> 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.

SecondXight Analytica's number of shares in issue this year was 9.779. SecondXight Analytica's number of shares in issue last year was 9.739. ==> 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
=578.446/1436.294
=0.40273509

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=537.56/1141.098
=0.47109013

SecondXight Analytica's gross margin of this year was 0.40273509. SecondXight Analytica's gross margin of last year was 0.47109013. ==> 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)
=1436.294/1063.703
=1.35027729

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1141.098/1044.124
=1.09287594

SecondXight Analytica's asset turnover of this year was 1.35027729. SecondXight Analytica's asset turnover of last year was 1.09287594. ==> 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+0+1+0+0+0+1
=5

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

SecondXight Analytica 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?
SecondXight Analytica (TSE:5028) has a Piotroski F-Score of 5 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SecondXight Analytica and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, SecondXight Analytica's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, SecondXight Analytica ranks #1095 out of 2741 companies in the Software industry, placing it in the top 39.9%.
Is SecondXight Analytica's Piotroski F-Score too high?
SecondXight Analytica's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. SecondXight Analytica's value of 5 is 0% at this industry median. Based on the distribution chart, SecondXight Analytica ranks #1095 out of 2741 companies in the Software industry, which is above the industry midpoint. Overall, SecondXight Analytica has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SecondXight Analytica's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, SecondXight Analytica ranks #1095 out of 2741 companies for Piotroski F-Score. This puts SecondXight Analytica in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SecondXight Analytica's value of 5 is 0% at this benchmark. Historically, SecondXight Analytica's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, SecondXight Analytica 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 2,741 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. SecondXight Analytica'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 SecondXight Analytica 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. SecondXight Analytica's current Piotroski F-Score is 5, which is 17% 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 SecondXight Analytica stock overvalued right now?
Based on GuruFocus' analysis, SecondXight Analytica (TSE:5028) is currently considered Possible Value Trap. The stock's GF Value™ is 円702.86, compared to a current price of 円365.00 — trading 48.1% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software industry median of 5.00. SecondXight Analytica's overall GF Score™ is 82/100 with 2 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 SecondXight Analytica (TSE:5028), the current Piotroski F-Score is 5 as of Aug. 25, 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 SecondXight Analytica (TSE:5028) Overvalued in 2026?

Based on GuruFocus' analysis, SecondXight Analytica stock appears to be undervalued. The current stock price of 円365.00 is trading 48.1% below its estimated GF Value™ of 円702.86. GuruFocus considers SecondXight Analytica to be Possible Value Trap.

Key valuation signals for TSE:5028:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円702.86 vs. price of 円365.00 (48.1% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 0% at the Software median (#1095 of 2741)

No single metric tells the full story. See the TSE:5028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SecondXight Analytica Business Description

Address 3-2-11 Nihonbashihoncho, Imon Nihonbashihoncho Building, 4th Floor, Chuo-ku, Tokyo, JPN, 103-0023
SecondXight Analytica Inc provides analytics-based consulting by supporting data analysis and machine learning model construction to solve specific business problems for its clients. In addition, it develops AI-based products such as R2Engine, an AI execution platform for processing large amounts of data; SkyFox, to build AI models; SkyFox HR, to quickly and accurately score a large number of application forms; and other products for its various clients. The company operates in a single segment, the analytics and AI services business.
82GF Score

Get the complete analysis for TSE:5028

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

円365.00
Price
円702.86
GF Value