Value HR Co (TSE:6078) Piotroski F-Score: 6 (As of Jul. 01, 2026) — Near Median


TSE:6078 Value HR Co Ltd TSE:6078
65 GF Score
Price 円1,473.00
GF Value 円2,146.67
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Value HR Co Piotroski F-Score?

Value HR Co TSE:6078 -0.94% 65 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:6078 with a GF Score™ of 65/100 and a GF Value™ of 円2,146.67 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 651 Healthcare Providers & Services companies, Value HR Co ranks better than 74.81% 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

Value HR Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSE:6078' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Value HR Co was 8. The lowest was 5. And the median was 6.

Value HR Co  (TSE:6078) 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.


Value HR Co Piotroski F-Score Related Terms


Value HR Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Value HR 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.

Value HR Co Piotroski F-Score Chart

Value HR Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 7.00 5.00 6.00

Value HR Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 Premium Member Only 5.00 0.00 0.00 6.00 0.00

TSE:6078 vs VEEV, BTSG, TEM: Piotroski F-Score Comparison

For the Health Information Services subindustry, Value HR 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.


Value HR Co Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Value HR Co's Piotroski F-Score distribution charts can be found below:

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


TSE:6078
65GF Score
Value HR Co Ltd TSE:6078
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629 Mil.
Cash Flow from Operations was 円1,577 Mil.
Revenue was 円10,068 Mil.
Gross Profit was 円2,914 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (17864.636 + 18219.494) / 2 = 円18042.065 Mil.
Total Assets at the begining of this year (Dec24) was 円17,865 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,706 Mil.
Total Current Assets was 円6,574 Mil.
Total Current Liabilities was 円6,423 Mil.
Net Income was 円791 Mil.

Revenue was 円8,376 Mil.
Gross Profit was 円2,920 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (17234.455 + 17864.636) / 2 = 円17549.5455 Mil.
Total Assets at the begining of last year (Dec23) was 円17,234 Mil.
Long-Term Debt & Capital Lease Obligation was 円5,086 Mil.
Total Current Assets was 円6,979 Mil.
Total Current Liabilities was 円5,901 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.

Value HR Co's current Net Income (TTM) was 629. ==> 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.

Value HR Co's current Cash Flow from Operations (TTM) was 1,577. ==> 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)
=629.022/17864.636
=0.03521046

ROA (Last Year)=Net Income/Total Assets (Dec23)
=791.075/17234.455
=0.04590078

Value HR Co's return on assets of this year was 0.03521046. Value HR Co's return on assets of last year was 0.04590078. ==> Last year is higher ==> Score 0.

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.

Value HR Co's current Net Income (TTM) was 629. Value HR Co's current Cash Flow from Operations (TTM) was 1,577. ==> 1,577 > 629 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=4706.2/18042.065
=0.26084597

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5085.61/17549.5455
=0.28978585

Value HR Co's gearing of this year was 0.26084597. Value HR Co's gearing of last year was 0.28978585. ==> 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
=6574.4/6423.122
=1.0235521

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6978.856/5901.114
=1.18263365

Value HR Co's current ratio of this year was 1.0235521. Value HR Co's current ratio of last year was 1.18263365. ==> 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.

Value HR Co's number of shares in issue this year was 26.778. Value HR Co's number of shares in issue last year was 26.789. ==> 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
=2914.053/10068.322
=0.28942787

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2920.283/8376.016
=0.34864821

Value HR Co's gross margin of this year was 0.28942787. Value HR Co's gross margin of last year was 0.34864821. ==> 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)
=10068.322/17864.636
=0.56358954

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=8376.016/17234.455
=0.48600411

Value HR Co's asset turnover of this year was 0.56358954. Value HR Co's asset turnover of last year was 0.48600411. ==> 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+0+1+1+0+1+0+1
=6

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

Value HR Co has an F-score of 6 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 6 mean?
Value HR Co (TSE:6078) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Value HR Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Value HR Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Value HR Co ranks #164 out of 651 companies in the Healthcare Providers & Services industry, placing it in the top 25.2%.
Is Value HR Co's Piotroski F-Score too high?
Value HR Co's current Piotroski F-Score of 6 is near 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 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Value HR Co's value of 6 is 20% above this industry median. Based on the distribution chart, Value HR Co ranks #164 out of 651 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Value HR Co has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Value HR Co's Piotroski F-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Value HR Co ranks #164 out of 651 companies for Piotroski F-Score. This puts Value HR Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Value HR Co's value of 6 is 20% above this benchmark. Historically, Value HR 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 6.00 vs. the industry median of 5.00, Value HR 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 a Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 651 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. Value HR Co's current Piotroski F-Score of 6 is 20% 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 Value HR Co and its competitors. For the Healthcare Providers & Services 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. Value HR Co's current Piotroski F-Score is 6, which is near 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 Value HR Co stock overvalued right now?
Based on GuruFocus' analysis, Value HR Co (TSE:6078) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,146.67, compared to a current price of 円1,473.00 — trading 31.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Healthcare Providers & Services industry median of 5.00. Value HR Co's overall GF Score™ is 65/100 with 6 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 Value HR Co (TSE:6078), the current Piotroski F-Score is 6 as of Jul. 01, 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 Value HR Co (TSE:6078) Overvalued in 2026?

Based on GuruFocus' analysis, Value HR Co stock appears to be undervalued. The current stock price of 円1,473.00 is trading 31.4% below its estimated GF Value™ of 円2,146.67. GuruFocus considers Value HR Co to be Significantly Undervalued.

Key valuation signals for TSE:6078:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円2,146.67 vs. price of 円1,473.00 (31.4% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 20% above the Healthcare Providers & Services median (#164 of 651)

No single metric tells the full story. See the TSE:6078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Value HR Co Business Description

Address 5-21-14 Sendagaya, Shibuya-ku, Tokyo, JPN, 151-0051
Value HR Co Ltd provides health management services through value cafeteria system. The company is engaged in the planning, development, operation, and management of the welfare support system; and the provision of health management and healthcare support services.
65GF Score

Get the complete analysis for TSE:6078

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

円1,473.00
Price
円2,146.67
GF Value