Terilogy Holdings (TSE:5133) Piotroski F-Score: 5 (As of Jul. 11, 2026) — Near Median


TSE:5133 Terilogy Holdings Corp TSE:5133
41 GF Score
Price 円312.00
GF Value 円470.91
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Terilogy Holdings Piotroski F-Score?

Terilogy Holdings TSE:5133 +1.63% 41 Piotroski F-Score is 5 as of Jul. 11, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:5133 with a GF Score™ of 41/100 and a GF Value™ of 円470.91 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,736 Software companies, Terilogy Holdings ranks better than 59.72% 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

Terilogy Holdings 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 Terilogy Holdings's Piotroski F-Score or its related term are showing as below:

TSE:5133' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of Terilogy Holdings was 5. The lowest was 4. And the median was 5.

Terilogy Holdings  (TSE:5133) 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.


Terilogy Holdings Piotroski F-Score Related Terms


Terilogy Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Terilogy 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.

Terilogy Holdings Piotroski F-Score Chart

Terilogy Holdings Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 4.00 5.00

Terilogy Holdings Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 4.00 0.00 5.00

TSE:5133 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Terilogy 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.


Terilogy Holdings Piotroski F-Score vs Software Industry

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

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


TSE:5133
41GF Score
Terilogy Holdings Corp TSE:5133
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347 Mil.
Cash Flow from Operations was 円1,860 Mil.
Revenue was 円10,646 Mil.
Gross Profit was 円3,411 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (7109.07 + 10261.396) / 2 = 円8685.233 Mil.
Total Assets at the begining of this year (Mar25) was 円7,109 Mil.
Long-Term Debt & Capital Lease Obligation was 円305 Mil.
Total Current Assets was 円7,819 Mil.
Total Current Liabilities was 円6,512 Mil.
Net Income was 円176 Mil.

Revenue was 円8,654 Mil.
Gross Profit was 円2,818 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (6898.807 + 7109.07) / 2 = 円7003.9385 Mil.
Total Assets at the begining of last year (Mar24) was 円6,899 Mil.
Long-Term Debt & Capital Lease Obligation was 円190 Mil.
Total Current Assets was 円5,536 Mil.
Total Current Liabilities was 円4,003 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.

Terilogy Holdings's current Net Income (TTM) was 347. ==> 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.

Terilogy Holdings's current Cash Flow from Operations (TTM) was 1,860. ==> 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)
=346.996/7109.07
=0.04881032

ROA (Last Year)=Net Income/Total Assets (Mar24)
=176.001/6898.807
=0.0255118

Terilogy Holdings's return on assets of this year was 0.04881032. Terilogy Holdings's return on assets of last year was 0.0255118. ==> 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.

Terilogy Holdings's current Net Income (TTM) was 347. Terilogy Holdings's current Cash Flow from Operations (TTM) was 1,860. ==> 1,860 > 347 ==> 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
=304.571/8685.233
=0.03506768

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=190.415/7003.9385
=0.02718685

Terilogy Holdings's gearing of this year was 0.03506768. Terilogy Holdings's gearing of last year was 0.02718685. ==> 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
=7819.143/6511.809
=1.20076357

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5536.108/4002.523
=1.38315458

Terilogy Holdings's current ratio of this year was 1.20076357. Terilogy Holdings's current ratio of last year was 1.38315458. ==> 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.

Terilogy Holdings's number of shares in issue this year was 17.178. Terilogy Holdings's number of shares in issue last year was 16.858. ==> 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
=3411.396/10646.435
=0.32042613

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2817.776/8653.567
=0.32562017

Terilogy Holdings's gross margin of this year was 0.32042613. Terilogy Holdings's gross margin of last year was 0.32562017. ==> 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)
=10646.435/7109.07
=1.49758478

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=8653.567/6898.807
=1.25435702

Terilogy Holdings's asset turnover of this year was 1.49758478. Terilogy Holdings's asset turnover of last year was 1.25435702. ==> 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+0+0+0+1
=5

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

Terilogy Holdings 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?
Terilogy Holdings (TSE:5133) has a Piotroski F-Score of 5 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Terilogy Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Terilogy Holdings' Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, Terilogy Holdings ranks #1102 out of 2736 companies in the Software industry, placing it in the top 40.3%.
Is Terilogy Holdings' Piotroski F-Score too high?
Terilogy Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. Terilogy Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Terilogy Holdings ranks #1102 out of 2736 companies in the Software industry, which is above the industry midpoint. Overall, Terilogy Holdings has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Terilogy Holdings' Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Terilogy Holdings ranks #1102 out of 2736 companies for Piotroski F-Score. This puts Terilogy Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Terilogy Holdings' value of 5 is 0% at this benchmark. Historically, Terilogy Holdings' own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Terilogy Holdings 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 2,736 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. Terilogy Holdings'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 Terilogy Holdings 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. Terilogy Holdings's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terilogy Holdings stock overvalued right now?
Based on GuruFocus' analysis, Terilogy Holdings (TSE:5133) is currently considered Significantly Undervalued. The stock's GF Value™ is 円470.91, compared to a current price of 円312.00 — trading 33.7% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Software industry median of 5.00. Terilogy Holdings' overall GF Score™ is 41/100 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 Terilogy Holdings (TSE:5133), the current Piotroski F-Score is 5 as of Jul. 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 Terilogy Holdings (TSE:5133) Overvalued in 2026?

Based on GuruFocus' analysis, Terilogy Holdings stock appears to be undervalued. The current stock price of 円312.00 is trading 33.7% below its estimated GF Value™ of 円470.91. GuruFocus considers Terilogy Holdings to be Significantly Undervalued.

Key valuation signals for TSE:5133:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: 円470.91 vs. price of 円312.00 (33.7% below fair value)
  • GF Score™: 41/100 with 2 warning signs
  • Industry Position: 0% at the Software median (#1102 of 2736)

No single metric tells the full story. See the TSE:5133 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Terilogy Holdings Business Description

Address 1-13-5 Kudankita, 4th Floor, Hulic Kudan Building, Chiyoda-ku, Tokyo, JPN, 102-0073
Terilogy Holdings Corp is engaged in the import and sale of overseas hardware and software products, system-related consulting services, system building and training for end users, network building and related construction/installation work, maintenance services for network-related products, and development of application software. The group operates in a single segment of IT solution services.
41GF Score

Get the complete analysis for TSE:5133

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

円312.00
Price
円470.91
GF Value