FreakOut Holdings (TSE:6094) Piotroski F-Score: 4 (As of Jul. 19, 2026) — 33% Above Median

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TSE:6094 FreakOut Holdings Inc TSE:6094
65 GF Score
Price 円523.00
GF Value 円919.82
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is FreakOut Holdings Piotroski F-Score?

FreakOut Holdings TSE:6094 -1.32% 65 Piotroski F-Score is 4 as of Jul. 19, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates TSE:6094 with a GF Score™ of 65/100 and a GF Value™ of 円919.82 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,004 Media - Diversified companies, FreakOut Holdings ranks worse than 59.36% 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

FreakOut Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:6094' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of FreakOut Holdings was 7. The lowest was 1. And the median was 3.

FreakOut Holdings  (TSE:6094) 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.


FreakOut Holdings Piotroski F-Score Related Terms


FreakOut Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FreakOut 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.

FreakOut Holdings Piotroski F-Score Chart

FreakOut Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 7.00 3.00 4.00

FreakOut Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 Premium Member Only 0.00 0.00 4.00 0.00 0.00

TSE:6094 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, FreakOut 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.


FreakOut Holdings Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FreakOut Holdings's Piotroski F-Score distribution charts can be found below:

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


TSE:6094
65GF Score
FreakOut Holdings Inc TSE:6094
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円275 Mil.
Cash Flow from Operations was 円-37 Mil.
Revenue was 円50,323 Mil.
Gross Profit was 円14,063 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (41617.287 + 40210.208) / 2 = 円40913.7475 Mil.
Total Assets at the begining of this year (Sep24) was 円41,617 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,355 Mil.
Total Current Assets was 円29,398 Mil.
Total Current Liabilities was 円18,758 Mil.
Net Income was 円-3,190 Mil.

Revenue was 円51,711 Mil.
Gross Profit was 円14,650 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (43362.094 + 41617.287) / 2 = 円42489.6905 Mil.
Total Assets at the begining of last year (Sep23) was 円43,362 Mil.
Long-Term Debt & Capital Lease Obligation was 円6,502 Mil.
Total Current Assets was 円31,252 Mil.
Total Current Liabilities was 円16,998 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.

FreakOut Holdings's current Net Income (TTM) was 275. ==> 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.

FreakOut Holdings's current Cash Flow from Operations (TTM) was -37. ==> Negative ==> Score 0.

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 (Sep24)
=275.472/41617.287
=0.00661917

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-3190.273/43362.094
=-0.07357285

FreakOut Holdings's return on assets of this year was 0.00661917. FreakOut Holdings's return on assets of last year was -0.07357285. ==> 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.

FreakOut Holdings's current Net Income (TTM) was 275. FreakOut Holdings's current Cash Flow from Operations (TTM) was -37. ==> -37 <= 275 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=8354.834/40913.7475
=0.20420603

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=6501.627/42489.6905
=0.15301658

FreakOut Holdings's gearing of this year was 0.20420603. FreakOut Holdings's gearing of last year was 0.15301658. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=29397.643/18757.618
=1.56723754

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=31252.343/16997.755
=1.83861592

FreakOut Holdings's current ratio of this year was 1.56723754. FreakOut Holdings's current ratio of last year was 1.83861592. ==> 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.

FreakOut Holdings's number of shares in issue this year was 17.424. FreakOut Holdings's number of shares in issue last year was 17.748. ==> 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
=14063.405/50323.355
=0.2794608

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14650.225/51711.413
=0.28330738

FreakOut Holdings's gross margin of this year was 0.2794608. FreakOut Holdings's gross margin of last year was 0.28330738. ==> 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 (Sep24)
=50323.355/41617.287
=1.20919355

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=51711.413/43362.094
=1.1925488

FreakOut Holdings's asset turnover of this year was 1.20919355. FreakOut Holdings's asset turnover of last year was 1.1925488. ==> 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+0+1+0+0+0+1+0+1
=4

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

FreakOut Holdings has an F-score of 4 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 4 mean?
FreakOut Holdings (TSE:6094) has a Piotroski F-Score of 4 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FreakOut Holdings and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, FreakOut Holdings' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, FreakOut Holdings ranks #596 out of 1004 companies in the Media - Diversified industry, placing it in the top 59.4%.
Is FreakOut Holdings' Piotroski F-Score too high?
FreakOut Holdings' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. FreakOut Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, FreakOut Holdings ranks #596 out of 1004 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, FreakOut Holdings has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FreakOut Holdings' Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, FreakOut Holdings ranks #596 out of 1004 companies for Piotroski F-Score. This places FreakOut Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. FreakOut Holdings' value of 4 is 20% below this benchmark. Historically, FreakOut Holdings' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, FreakOut Holdings has consistently been below 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,004 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. FreakOut Holdings's current Piotroski F-Score of 4 is 20% below 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 FreakOut Holdings and its competitors. For the Media - Diversified 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. FreakOut Holdings's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FreakOut Holdings stock overvalued right now?
Based on GuruFocus' analysis, FreakOut Holdings (TSE:6094) is currently considered Significantly Undervalued. The stock's GF Value™ is 円919.82, compared to a current price of 円523.00 — trading 43.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Media - Diversified industry median of 5.00. FreakOut Holdings' overall GF Score™ is 65/100 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 FreakOut Holdings (TSE:6094), the current Piotroski F-Score is 4 as of Jul. 19, 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 FreakOut Holdings (TSE:6094) Overvalued in 2026?

Based on GuruFocus' analysis, FreakOut Holdings stock appears to be undervalued. The current stock price of 円523.00 is trading 43.1% below its estimated GF Value™ of 円919.82. GuruFocus considers FreakOut Holdings to be Significantly Undervalued.

Key valuation signals for TSE:6094:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: 円919.82 vs. price of 円523.00 (43.1% below fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 20% below the Media - Diversified median (#596 of 1004)

No single metric tells the full story. See the TSE:6094 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FreakOut Holdings Business Description

Address 6-3-1 Roppongi, 3rd Floor, Roppongi Hills Crosspoint, Minato-ku, Tokyo, JPN, 106-0032
FreakOut Holdings Inc is a digital marketing technology company. Its operating segments include Advertising Business, Investment Business, and Influencer Marketing Business. The Advertising Business offers a mobile marketing platform, Red, an advertising platform targeting premium media, Scarlet, a next-generation YouTube ad space purchasing system, GP that enables video contextual targeting with brand safety functions, and a native ad platform. The Investment Business focuses on IT ventures with growth potential, aiming to enhance corporate value through strategic investments. The Influencer Marketing Business supports creators with promotions, content production, and channel management. The Other segment offers internal management services for domestic and overseas group companies.
65GF Score

Get the complete analysis for TSE:6094

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

円523.00
Price
円919.82
GF Value