Serendip Holdings Co (TSE:7318) Piotroski F-Score: 6 (As of Jul. 15, 2026) — 14% Below Median

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TSE:7318 Serendip Holdings Co Ltd TSE:7318
78 GF Score
Price 円2,158.00
GF Value 円1,292.89
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Serendip Holdings Co Piotroski F-Score?

Serendip Holdings Co TSE:7318 +8.61% 78 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:7318 with a GF Score™ of 78/100 and a GF Value™ of 円1,292.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,064 Business Services companies, Serendip Holdings Co ranks better than 72.37% 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

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

TSE:7318' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 8 years, the highest Piotroski F-Score of Serendip Holdings Co was 8. The lowest was 5. And the median was 7.

Serendip Holdings Co  (TSE:7318) 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.


Serendip Holdings Co Piotroski F-Score Related Terms


Serendip Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Serendip Holdings 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.

Serendip Holdings Co Piotroski F-Score Chart

Serendip Holdings Co Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 5.00 7.00 8.00 6.00 6.00

Serendip Holdings Co Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.00 0.00 6.00 0.00 6.00

TSE:7318 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Serendip Holdings 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.


Serendip Holdings Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Serendip Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7318
78GF Score
Serendip Holdings Co Ltd TSE:7318
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4,148 Mil.
Cash Flow from Operations was 円4,526 Mil.
Revenue was 円51,164 Mil.
Gross Profit was 円7,891 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (32241.822 + 57655.249) / 2 = 円44948.5355 Mil.
Total Assets at the begining of this year (Mar25) was 円32,242 Mil.
Long-Term Debt & Capital Lease Obligation was 円13,011 Mil.
Total Current Assets was 円28,824 Mil.
Total Current Liabilities was 円24,762 Mil.
Net Income was 円2,088 Mil.

Revenue was 円25,125 Mil.
Gross Profit was 円4,244 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (20271.834 + 32241.822) / 2 = 円26256.828 Mil.
Total Assets at the begining of last year (Mar24) was 円20,272 Mil.
Long-Term Debt & Capital Lease Obligation was 円9,313 Mil.
Total Current Assets was 円16,194 Mil.
Total Current Liabilities was 円13,100 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.

Serendip Holdings Co's current Net Income (TTM) was 4,148. ==> 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.

Serendip Holdings Co's current Cash Flow from Operations (TTM) was 4,526. ==> 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)
=4147.52/32241.822
=0.12863789

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2088.163/20271.834
=0.10300809

Serendip Holdings Co's return on assets of this year was 0.12863789. Serendip Holdings Co's return on assets of last year was 0.10300809. ==> 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.

Serendip Holdings Co's current Net Income (TTM) was 4,148. Serendip Holdings Co's current Cash Flow from Operations (TTM) was 4,526. ==> 4,526 > 4,148 ==> 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
=13011.498/44948.5355
=0.28947546

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9312.869/26256.828
=0.3546837

Serendip Holdings Co's gearing of this year was 0.28947546. Serendip Holdings Co's gearing of last year was 0.3546837. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=28824.099/24761.683
=1.16406058

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=16193.903/13099.53
=1.23622015

Serendip Holdings Co's current ratio of this year was 1.16406058. Serendip Holdings Co's current ratio of last year was 1.23622015. ==> 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.

Serendip Holdings Co's number of shares in issue this year was 18.177. Serendip Holdings Co's number of shares in issue last year was 18.066. ==> 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
=7890.803/51163.634
=0.15422679

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4244.026/25124.596
=0.16891917

Serendip Holdings Co's gross margin of this year was 0.15422679. Serendip Holdings Co's gross margin of last year was 0.16891917. ==> 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)
=51163.634/32241.822
=1.58687167

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=25124.596/20271.834
=1.23938446

Serendip Holdings Co's asset turnover of this year was 1.58687167. Serendip Holdings Co's asset turnover of last year was 1.23938446. ==> 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+0+0+0+1
=6

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

Serendip Holdings 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?
Serendip Holdings Co (TSE:7318) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Serendip Holdings Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Serendip Holdings Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Serendip Holdings Co ranks #294 out of 1064 companies in the Business Services industry, placing it in the top 27.6%.
Is Serendip Holdings Co's Piotroski F-Score too high?
Serendip Holdings Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Serendip Holdings Co's value of 6 is 20% above this industry median. Based on the distribution chart, Serendip Holdings Co ranks #294 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Serendip Holdings Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Serendip Holdings Co's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Serendip Holdings Co ranks #294 out of 1064 companies for Piotroski F-Score. This puts Serendip Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Serendip Holdings Co's value of 6 is 20% above this benchmark. Historically, Serendip Holdings 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 7.00 vs. the industry median of 5.00, Serendip Holdings 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Serendip Holdings 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 Serendip Holdings Co and its competitors. For the Business 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. Serendip Holdings Co's current Piotroski F-Score is 6, which is 14% below 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 Serendip Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Serendip Holdings Co (TSE:7318) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,292.89, compared to a current price of 円2,158.00 — trading 66.9% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Business Services industry median of 5.00. Serendip Holdings Co's overall GF Score™ is 78/100 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 Serendip Holdings Co (TSE:7318), the current Piotroski F-Score is 6 as of Jul. 15, 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 Serendip Holdings Co (TSE:7318) Overvalued in 2026?

Based on GuruFocus' analysis, Serendip Holdings Co stock appears to be overvalued. The current stock price of 円2,158.00 is trading 66.9% above its estimated GF Value™ of 円1,292.89. GuruFocus considers Serendip Holdings Co to be Significantly Overvalued.

Key valuation signals for TSE:7318:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: 円1,292.89 vs. price of 円2,158.00 (66.9% above fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 20% above the Business Services median (#294 of 1064)

No single metric tells the full story. See the TSE:7318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Serendip Holdings Co Business Description

Address 1-5-11 Nishiki, 3F Nagoya Itochu Building, Naka-ku, Aichi, Nagoya, JPN, 460-0008
Serendip Holdings Co Ltd is engaged in the management consulting, business succession consulting, M&A advisory, developing professional management resources, and change management in the manufacturing business, and Others.
78GF Score

Get the complete analysis for TSE:7318

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

円2,158.00
Price
円1,292.89
GF Value