Workman Co (TSE:7564) Piotroski F-Score: 6 (As of Jul. 21, 2026) — Near Median

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TSE:7564 Workman Co Ltd TSE:7564
95 GF Score
Price 円5,630.00
GF Value 円5,802.00
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Workman Co Piotroski F-Score?

Workman Co TSE:7564 -0.35% 95 Piotroski F-Score is 6 as of Jul. 21, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:7564 with a GF Score™ of 95/100 and a GF Value™ of 円5,802.00 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Workman Co ranks better than 72.61% 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

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

TSE:7564' 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 Workman Co was 8. The lowest was 5. And the median was 6.

Workman Co  (TSE:7564) 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.


Workman Co Piotroski F-Score Related Terms


Workman Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Workman 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.

Workman Co Piotroski F-Score Chart

Workman 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 7.00 5.00 6.00 6.00 6.00

Workman Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 6.00 0.00 0.00 0.00 6.00

TSE:7564 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Workman 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.


Workman Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Workman Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7564
95GF Score
Workman Co Ltd TSE:7564
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20,618 Mil.
Cash Flow from Operations was 円18,838 Mil.
Revenue was 円160,851 Mil.
Gross Profit was 円60,986 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (162231 + 185257) / 2 = 円173744 Mil.
Total Assets at the begining of this year (Mar25) was 円162,231 Mil.
Long-Term Debt & Capital Lease Obligation was 円245 Mil.
Total Current Assets was 円138,440 Mil.
Total Current Liabilities was 円26,454 Mil.
Net Income was 円16,892 Mil.

Revenue was 円136,933 Mil.
Gross Profit was 円51,162 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (148362 + 162231) / 2 = 円155296.5 Mil.
Total Assets at the begining of last year (Mar24) was 円148,362 Mil.
Long-Term Debt & Capital Lease Obligation was 円344 Mil.
Total Current Assets was 円121,066 Mil.
Total Current Liabilities was 円22,145 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.

Workman Co's current Net Income (TTM) was 20,618. ==> 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.

Workman Co's current Cash Flow from Operations (TTM) was 18,838. ==> 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)
=20618/162231
=0.12709038

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16892/148362
=0.11385665

Workman Co's return on assets of this year was 0.12709038. Workman Co's return on assets of last year was 0.11385665. ==> 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.

Workman Co's current Net Income (TTM) was 20,618. Workman Co's current Cash Flow from Operations (TTM) was 18,838. ==> 18,838 <= 20,618 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=245/173744
=0.00141012

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=344/155296.5
=0.00221512

Workman Co's gearing of this year was 0.00141012. Workman Co's gearing of last year was 0.00221512. ==> 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
=138440/26454
=5.23323505

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=121066/22145
=5.46696771

Workman Co's current ratio of this year was 5.23323505. Workman Co's current ratio of last year was 5.46696771. ==> 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.

Workman Co's number of shares in issue this year was 81.612. Workman Co's number of shares in issue last year was 81.61. ==> 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
=60986/160851
=0.37914592

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=51162/136933
=0.37362798

Workman Co's gross margin of this year was 0.37914592. Workman Co's gross margin of last year was 0.37362798. ==> This year's gross margin is higher. ==> Score 1.

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)
=160851/162231
=0.99149361

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=136933/148362
=0.92296545

Workman Co's asset turnover of this year was 0.99149361. Workman Co's asset turnover of last year was 0.92296545. ==> 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+0+1+0+0+1+1
=6

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

Workman 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?
Workman Co (TSE:7564) has a Piotroski F-Score of 6 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Workman Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Workman Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Workman Co ranks #301 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 27.4%.
Is Workman Co's Piotroski F-Score too high?
Workman 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 Retail - Cyclical industry median Piotroski F-Score is 6.00. Workman Co's value of 6 is 0% at this industry median. Based on the distribution chart, Workman Co ranks #301 out of 1099 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Workman Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Workman Co's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Workman Co ranks #301 out of 1099 companies for Piotroski F-Score. This puts Workman Co in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Workman Co's value of 6 is 0% at this benchmark. Historically, Workman 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 6.00, Workman Co 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,099 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. Workman Co's current Piotroski F-Score of 6 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 Workman Co and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Workman 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 Workman Co stock overvalued right now?
Based on GuruFocus' analysis, Workman Co (TSE:7564) is currently considered Fairly Valued. The stock's GF Value™ is 円5,802.00, compared to a current price of 円5,630.00 — trading 3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Retail - Cyclical industry median of 6.00. Workman Co's overall GF Score™ is 95/100 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 Workman Co (TSE:7564), the current Piotroski F-Score is 6 as of Jul. 21, 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 Workman Co (TSE:7564) Overvalued in 2026?

Based on GuruFocus' analysis, Workman Co stock appears to be undervalued. The current stock price of 円5,630.00 is trading 3% below its estimated GF Value™ of 円5,802.00. GuruFocus considers Workman Co to be Fairly Valued.

Key valuation signals for TSE:7564:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円5,802.00 vs. price of 円5,630.00 (3% below fair value)
  • GF Score™: 95/100 with 2 warning signs
  • Industry Position: 0% at the Retail - Cyclical median (#301 of 1099)

No single metric tells the full story. See the TSE:7564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Workman Co Business Description

Address 4-8-1 Higashi Ueno, Tixtower UENO, Taito-ku, Tokyo, JPN, 110 0015
Workman Co Ltd is a Japan based company engaged in operating franchise stores and directly-operated stores providing working wear, casual wear, family clothing, footwear and working-related items. The company provides family clothing, including inner wears, socks, soldier socks, hats, towels and aprons; casual wear, including polo shirts, T-shirts, high neck shirts and blouses; working wear, including working jumpers, working pants, boiler suits and tobifuku; footwear, including safety shoes, safety sneakers, rubber-soled socks, boots and cloth shoes.
95GF Score

Get the complete analysis for TSE:7564

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

円5,630.00
Price
円5,802.00
GF Value