Argo Graphics (TSE:7595) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


TSE:7595 Argo Graphics Inc TSE:7595
85 GF Score
Price 円1,188.00
GF Value 円1,626.79
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Argo Graphics Piotroski F-Score?

Argo Graphics TSE:7595 +0.34% 85 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:7595 with a GF Score™ of 85/100 and a GF Value™ of 円1,626.79 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,744 Software companies, Argo Graphics ranks better than 78.75% 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

Argo Graphics 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 Argo Graphics's Piotroski F-Score or its related term are showing as below:

TSE:7595' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Argo Graphics was 9. The lowest was 5. And the median was 6.

Argo Graphics  (TSE:7595) 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.


Argo Graphics Piotroski F-Score Related Terms


Argo Graphics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Argo Graphics'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.

Argo Graphics Piotroski F-Score Chart

Argo Graphics 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 6.00 9.00 5.00 6.00

Argo Graphics 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 5.00 0.00 0.00 0.00 6.00

TSE:7595 vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Argo Graphics'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.


Argo Graphics Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Argo Graphics's Piotroski F-Score distribution charts can be found below:

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


TSE:7595
85GF Score
Argo Graphics Inc TSE:7595
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19,190 Mil.
Cash Flow from Operations was 円4,663 Mil.
Revenue was 円71,526 Mil.
Gross Profit was 円18,780 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (86490.588 + 80966.517) / 2 = 円83728.5525 Mil.
Total Assets at the begining of this year (Mar25) was 円86,491 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円60,145 Mil.
Total Current Liabilities was 円25,718 Mil.
Net Income was 円7,447 Mil.

Revenue was 円69,542 Mil.
Gross Profit was 円17,868 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (75053.749 + 86490.588) / 2 = 円80772.1685 Mil.
Total Assets at the begining of last year (Mar24) was 円75,054 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円61,792 Mil.
Total Current Liabilities was 円20,156 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.

Argo Graphics's current Net Income (TTM) was 19,190. ==> 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.

Argo Graphics's current Cash Flow from Operations (TTM) was 4,663. ==> 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)
=19190.41/86490.588
=0.22187859

ROA (Last Year)=Net Income/Total Assets (Mar24)
=7447.46/75053.749
=0.09922835

Argo Graphics's return on assets of this year was 0.22187859. Argo Graphics's return on assets of last year was 0.09922835. ==> 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.

Argo Graphics's current Net Income (TTM) was 19,190. Argo Graphics's current Cash Flow from Operations (TTM) was 4,663. ==> 4,663 <= 19,190 ==> 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
=0/83728.5525
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/80772.1685
=0

Argo Graphics's gearing of this year was 0. Argo Graphics's gearing of last year was 0. ==> 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
=60144.84/25717.845
=2.33864229

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=61792.449/20156.419
=3.06564618

Argo Graphics's current ratio of this year was 2.33864229. Argo Graphics's current ratio of last year was 3.06564618. ==> 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.

Argo Graphics's number of shares in issue this year was 72.821. Argo Graphics's number of shares in issue last year was 85.218. ==> 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
=18780.362/71526.005
=0.26256691

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17868.447/69541.642
=0.256946

Argo Graphics's gross margin of this year was 0.26256691. Argo Graphics's gross margin of last year was 0.256946. ==> 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)
=71526.005/86490.588
=0.82698021

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=69541.642/75053.749
=0.92655787

Argo Graphics's asset turnover of this year was 0.82698021. Argo Graphics's asset turnover of last year was 0.92655787. ==> Last year's asset turnover is higher ==> Score 0.

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+1+1+0
=6

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

Argo Graphics 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?
Argo Graphics (TSE:7595) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Argo Graphics and its competitors. This is near median its historical median of 6.00. Over the past decade, Argo Graphics' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Argo Graphics ranks #583 out of 2744 companies in the Software industry, placing it in the top 21.2%.
Is Argo Graphics' Piotroski F-Score too high?
Argo Graphics' 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 9.00. The Software industry median Piotroski F-Score is 5.00. Argo Graphics' value of 6 is 20% above this industry median. Based on the distribution chart, Argo Graphics ranks #583 out of 2744 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Argo Graphics has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Argo Graphics' Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Argo Graphics ranks #583 out of 2744 companies for Piotroski F-Score. This places Argo Graphics in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Argo Graphics' value of 6 is 20% above this benchmark. Historically, Argo Graphics' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Argo Graphics 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. Argo Graphics'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 Argo Graphics and its competitors. For the Software 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. Argo Graphics'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 Argo Graphics stock overvalued right now?
Based on GuruFocus' analysis, Argo Graphics (TSE:7595) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,626.79, compared to a current price of 円1,188.00 — trading 27% 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 Software industry median of 5.00. Argo Graphics' overall GF Score™ is 85/100 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 Argo Graphics (TSE:7595), the current Piotroski F-Score is 6 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 Argo Graphics (TSE:7595) Overvalued in 2026?

Based on GuruFocus' analysis, Argo Graphics stock appears to be undervalued. The current stock price of 円1,188.00 is trading 27% below its estimated GF Value™ of 円1,626.79. GuruFocus considers Argo Graphics to be Modestly Undervalued.

Key valuation signals for TSE:7595:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円1,626.79 vs. price of 円1,188.00 (27% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 20% above the Software median (#583 of 2744)

No single metric tells the full story. See the TSE:7595 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Argo Graphics Business Description

Address 5-14 Nihombashi-hakozaki-cho, Tokyo, JPN, 103-0015
Argo Graphics Inc provides technical solutions such as HPC solutions and IT solutions including PLM solutions.
85GF Score

Get the complete analysis for TSE:7595

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

円1,188.00
Price
円1,626.79
GF Value