Pluszero (TSE:5132) Piotroski F-Score: 9 (As of Jul. 29, 2026) — 29% Above Median

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TSE:5132 Pluszero Inc TSE:5132
73 GF Score
Price 円1,921.00
GF Value 円4,576.44
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Pluszero Piotroski F-Score?

Pluszero TSE:5132 -2.49% 73 Piotroski F-Score is 9 as of Jul. 29, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:5132 with a GF Score™ of 73/100 and a GF Value™ of 円4,576.44 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,737 Software companies, Pluszero ranks better than 99.96% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Pluszero has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:5132' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 9

During the past 6 years, the highest Piotroski F-Score of Pluszero was 9. The lowest was 3. And the median was 7.

Pluszero  (TSE:5132) 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.


Pluszero Piotroski F-Score Related Terms


Pluszero Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Pluszero'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.

Pluszero Piotroski F-Score Chart

Pluszero Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 3.00 6.00 9.00

Pluszero Semi-Annual Data
Oct20 Oct21 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 6.00 0.00 9.00 0.00

TSE:5132 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Pluszero'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.


Pluszero Piotroski F-Score vs Software Industry

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

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


TSE:5132
73GF Score
Pluszero Inc TSE:5132
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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was 円367 Mil.
Cash Flow from Operations was 円433 Mil.
Revenue was 円1,546 Mil.
Gross Profit was 円905 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (1413.009 + 1854.482) / 2 = 円1633.7455 Mil.
Total Assets at the begining of this year (Oct24) was 円1,413 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,532 Mil.
Total Current Liabilities was 円339 Mil.
Net Income was 円154 Mil.

Revenue was 円1,219 Mil.
Gross Profit was 円702 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (1165.859 + 1413.009) / 2 = 円1289.434 Mil.
Total Assets at the begining of last year (Oct23) was 円1,166 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,171 Mil.
Total Current Liabilities was 円285 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.

Pluszero's current Net Income (TTM) was 367. ==> 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.

Pluszero's current Cash Flow from Operations (TTM) was 433. ==> 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 (Oct24)
=366.545/1413.009
=0.25940741

ROA (Last Year)=Net Income/Total Assets (Oct23)
=153.865/1165.859
=0.13197565

Pluszero's return on assets of this year was 0.25940741. Pluszero's return on assets of last year was 0.13197565. ==> 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.

Pluszero's current Net Income (TTM) was 367. Pluszero's current Cash Flow from Operations (TTM) was 433. ==> 433 > 367 ==> 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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=0/1633.7455
=0

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=0/1289.434
=0

Pluszero's gearing of this year was 0. Pluszero'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: Oct25)=Total Current Assets/Total Current Liabilities
=1532.306/338.692
=4.52418717

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=1171.01/285.038
=4.10825925

Pluszero's current ratio of this year was 4.52418717. Pluszero's current ratio of last year was 4.10825925. ==> 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.

Pluszero's number of shares in issue this year was 8.127. Pluszero's number of shares in issue last year was 8.184. ==> 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
=904.573/1546.369
=0.58496581

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=702.164/1218.501
=0.5762523

Pluszero's gross margin of this year was 0.58496581. Pluszero's gross margin of last year was 0.5762523. ==> 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 (Oct24)
=1546.369/1413.009
=1.09438015

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=1218.501/1165.859
=1.04515297

Pluszero's asset turnover of this year was 1.09438015. Pluszero's asset turnover of last year was 1.04515297. ==> 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+1+1+1+1+1
=9

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

Pluszero has an F-score of 9. 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 9 mean?
Pluszero (TSE:5132) has a Piotroski F-Score of 9 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Pluszero and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Pluszero's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Pluszero ranks #1 out of 2737 companies in the Software industry, placing it in the top 0%.
Is Pluszero's Piotroski F-Score too high?
Pluszero's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Pluszero's value of 9 is 80% above this industry median. Based on the distribution chart, Pluszero ranks #1 out of 2737 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Pluszero has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pluszero's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Pluszero ranks #1 out of 2737 companies for Piotroski F-Score. This places Pluszero in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Pluszero's value of 9 is 80% above this benchmark. Historically, Pluszero's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Pluszero 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,737 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. Pluszero's current Piotroski F-Score of 9 is 80% 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 Pluszero 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. Pluszero's current Piotroski F-Score is 9, which is 29% above 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 Pluszero stock overvalued right now?
Based on GuruFocus' analysis, Pluszero (TSE:5132) is currently considered Significantly Undervalued. The stock's GF Value™ is 円4,576.44, compared to a current price of 円1,921.00 — trading 58% below its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Software industry median of 5.00. Pluszero's overall GF Score™ is 73/100 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 Pluszero (TSE:5132), the current Piotroski F-Score is 9 as of Jul. 29, 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 Pluszero (TSE:5132) Overvalued in 2026?

Based on GuruFocus' analysis, Pluszero stock appears to be undervalued. The current stock price of 円1,921.00 is trading 58% below its estimated GF Value™ of 円4,576.44. GuruFocus considers Pluszero to be Significantly Undervalued.

Key valuation signals for TSE:5132:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円4,576.44 vs. price of 円1,921.00 (58% below fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 80% above the Software median (#1 of 2737)

No single metric tells the full story. See the TSE:5132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pluszero Business Description

Address 2-6-10 Kitazawa, Tokyo Senda Building, 4th Floor, Setagaya-ku, Tokyo, JPN, 155-0031
Pluszero Inc is engaged in Providing, developing, maintaining, operating and selling solutions that utilize various technologies such as AI, natural language processing, software and hardware in an integrated manner, as well as contracting and related consulting services.
73GF Score

Get the complete analysis for TSE:5132

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

円1,921.00
Price
円4,576.44
GF Value