Art Vivant Co (TSE:7523) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 17% Above Median


TSE:7523 Art Vivant Co Ltd TSE:7523
90 GF Score
Price 円1,650.00
GF Value 円1,504.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Art Vivant Co Piotroski F-Score?

Art Vivant Co TSE:7523 -1.49% 90 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:7523 with a GF Score™ of 90/100 and a GF Value™ of 円1,504.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 95 Personal Services companies, Art Vivant Co ranks better than 90.53% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Art Vivant Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:7523' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Art Vivant Co was 7. The lowest was 4. And the median was 6.

Art Vivant Co  (TSE:7523) 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.


Art Vivant Co Piotroski F-Score Related Terms


Art Vivant Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Art Vivant 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.

Art Vivant Co Piotroski F-Score Chart

Art Vivant Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 6.00 7.00

Art Vivant Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 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 6.00 0.00 7.00

TSE:7523 vs ROL, SCI, FTDR: Piotroski F-Score Comparison

For the Personal Services subindustry, Art Vivant 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.


Art Vivant Co Piotroski F-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Art Vivant Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7523
90GF Score
Art Vivant Co Ltd TSE:7523
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1,688 Mil.
Cash Flow from Operations was 円3,751 Mil.
Revenue was 円12,675 Mil.
Gross Profit was 円8,071 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (34773.472 + 36645.852) / 2 = 円35709.662 Mil.
Total Assets at the begining of this year (Mar25) was 円34,773 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,342 Mil.
Total Current Assets was 円33,245 Mil.
Total Current Liabilities was 円18,710 Mil.
Net Income was 円1,266 Mil.

Revenue was 円10,731 Mil.
Gross Profit was 円7,172 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (34234.044 + 34773.472) / 2 = 円34503.758 Mil.
Total Assets at the begining of last year (Mar24) was 円34,234 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,622 Mil.
Total Current Assets was 円29,681 Mil.
Total Current Liabilities was 円16,474 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.

Art Vivant Co's current Net Income (TTM) was 1,688. ==> 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.

Art Vivant Co's current Cash Flow from Operations (TTM) was 3,751. ==> 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)
=1687.574/34773.472
=0.0485305

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1266.065/34234.044
=0.03698263

Art Vivant Co's return on assets of this year was 0.0485305. Art Vivant Co's return on assets of last year was 0.03698263. ==> 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.

Art Vivant Co's current Net Income (TTM) was 1,688. Art Vivant Co's current Cash Flow from Operations (TTM) was 3,751. ==> 3,751 > 1,688 ==> 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
=1341.82/35709.662
=0.03757582

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2621.679/34503.758
=0.07598242

Art Vivant Co's gearing of this year was 0.03757582. Art Vivant Co's gearing of last year was 0.07598242. ==> 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
=33244.555/18710.342
=1.77680103

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=29681.055/16474.481
=1.80163824

Art Vivant Co's current ratio of this year was 1.77680103. Art Vivant Co's current ratio of last year was 1.80163824. ==> 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.

Art Vivant Co's number of shares in issue this year was 9.122. Art Vivant Co's number of shares in issue last year was 9.694. ==> 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
=8071.065/12674.953
=0.63677278

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7171.744/10731.448
=0.66829229

Art Vivant Co's gross margin of this year was 0.63677278. Art Vivant Co's gross margin of last year was 0.66829229. ==> 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)
=12674.953/34773.472
=0.36450065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10731.448/34234.044
=0.31347299

Art Vivant Co's asset turnover of this year was 0.36450065. Art Vivant Co's asset turnover of last year was 0.31347299. ==> 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+1+0+1
=7

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

Art Vivant Co has an F-score of 7. 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 7 mean?
Art Vivant Co (TSE:7523) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Art Vivant Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Art Vivant Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Art Vivant Co ranks #9 out of 95 companies in the Personal Services industry, placing it in the top 9.5%.
Is Art Vivant Co's Piotroski F-Score too high?
Art Vivant Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Personal Services industry median Piotroski F-Score is 5.00. Art Vivant Co's value of 7 is 40% above this industry median. Based on the distribution chart, Art Vivant Co ranks #9 out of 95 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Art Vivant Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Art Vivant Co's Piotroski F-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Art Vivant Co ranks #9 out of 95 companies for Piotroski F-Score. This places Art Vivant Co in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Art Vivant Co's value of 7 is 40% above this benchmark. Historically, Art Vivant Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Art Vivant 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 Personal Services company?
The median Piotroski F-Score among Personal Services companies is 5.00, based on 95 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. Art Vivant Co's current Piotroski F-Score of 7 is 40% 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 Art Vivant Co and its competitors. For the Personal 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. Art Vivant Co's current Piotroski F-Score is 7, which is 17% above 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 Art Vivant Co stock overvalued right now?
Based on GuruFocus' analysis, Art Vivant Co (TSE:7523) is currently considered Fairly Valued. The stock's GF Value™ is 円1,504.46, compared to a current price of 円1,650.00 — trading 9.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Personal Services industry median of 5.00. Art Vivant Co's overall GF Score™ is 90/100 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 Art Vivant Co (TSE:7523), the current Piotroski F-Score is 7 as of Jun. 28, 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 Art Vivant Co (TSE:7523) Overvalued in 2026?

Based on GuruFocus' analysis, Art Vivant Co stock appears to be overvalued. The current stock price of 円1,650.00 is trading 9.7% above its estimated GF Value™ of 円1,504.46. GuruFocus considers Art Vivant Co to be Fairly Valued.

Key valuation signals for TSE:7523:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,504.46 vs. price of 円1,650.00 (9.7% above fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 40% above the Personal Services median (#9 of 95)

No single metric tells the full story. See the TSE:7523 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Art Vivant Co Business Description

Address 4-13-14, Higashi-Shinagawa, 13th Floor, Glass Cube, Tokyo, JPN, 140-0002
Art Vivant Co Ltd is a Japan-based company engaged in operating art galleries. It is involved in selling mainly contemporary art printings and selection of popular artists at stores and exhibitions. The company offered products include paintings such as prints, oil paintings, watercolor, arts and crafts, and sculptures, among other products.
90GF Score

Get the complete analysis for TSE:7523

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

円1,650.00
Price
円1,504.46
GF Value