ABC Co (TSE:8783) Piotroski F-Score: 3 (As of Jun. 30, 2026) — Near Median


TSE:8783 ABC Co Ltd TSE:8783
33 GF Score
Price 円88.00
GF Value 円46.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ABC Co Piotroski F-Score?

ABC Co TSE:8783 +6.02% 33 Piotroski F-Score is 3 as of Jun. 30, 2026, which is at its 10-year median of 3.00. GuruFocus rates TSE:8783 with a GF Score™ of 33/100 and a GF Value™ of 円46.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,594 Asset Management companies, ABC Co ranks worse than 78.04% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

ABC Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TSE:8783' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 3

During the past 13 years, the highest Piotroski F-Score of ABC Co was 5. The lowest was 1. And the median was 3.

ABC Co  (TSE:8783) 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.


ABC Co Piotroski F-Score Related Terms


ABC Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ABC 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.

ABC Co Piotroski F-Score Chart

ABC Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 2.00 4.00 3.00

ABC Co Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Nov25 Feb26
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 3.00 0.00 0.00 0.00

TSE:8783 vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, ABC 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.


ABC Co Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, ABC Co's Piotroski F-Score distribution charts can be found below:

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


TSE:8783
33GF Score
ABC Co Ltd TSE:8783
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 円-4,412 Mil.
Cash Flow from Operations was 円-2,420 Mil.
Revenue was 円3,312 Mil.
Gross Profit was 円1,694 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (4512.622 + 7785.459) / 2 = 円6149.0405 Mil.
Total Assets at the begining of this year (Mar24) was 円4,513 Mil.
Long-Term Debt & Capital Lease Obligation was 円344 Mil.
Total Current Assets was 円4,415 Mil.
Total Current Liabilities was 円4,642 Mil.
Net Income was 円-2,459 Mil.

Revenue was 円4,175 Mil.
Gross Profit was 円1,933 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (5683.018 + 4512.622) / 2 = 円5097.82 Mil.
Total Assets at the begining of last year (Mar23) was 円5,683 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,433 Mil.
Total Current Assets was 円3,431 Mil.
Total Current Liabilities was 円2,879 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.

ABC Co's current Net Income (TTM) was -4,412. ==> Negative ==> Score 0.

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.

ABC Co's current Cash Flow from Operations (TTM) was -2,420. ==> 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 (Mar24)
=-4411.879/4512.622
=-0.97767529

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-2459.132/5683.018
=-0.43271586

ABC Co's return on assets of this year was -0.97767529. ABC Co's return on assets of last year was -0.43271586. ==> Last year is higher ==> Score 0.

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.

ABC Co's current Net Income (TTM) was -4,412. ABC Co's current Cash Flow from Operations (TTM) was -2,420. ==> -2,420 > -4,412 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=344.285/6149.0405
=0.05599004

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1433.008/5097.82
=0.28110212

ABC Co's gearing of this year was 0.05599004. ABC Co's gearing of last year was 0.28110212. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=4415.188/4641.595
=0.95122216

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=3431.124/2878.821
=1.19185041

ABC Co's current ratio of this year was 0.95122216. ABC Co's current ratio of last year was 1.19185041. ==> 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.

ABC Co's number of shares in issue this year was 25.922. ABC Co's number of shares in issue last year was 5.768. ==> 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
=1693.54/3311.839
=0.5113594

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1932.925/4174.719
=0.46300721

ABC Co's gross margin of this year was 0.5113594. ABC Co's gross margin of last year was 0.46300721. ==> 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 (Mar24)
=3311.839/4512.622
=0.7339057

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4174.719/5683.018
=0.73459542

ABC Co's asset turnover of this year was 0.7339057. ABC Co's asset turnover of last year was 0.73459542. ==> 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
=0+0+0+1+1+0+0+1+0
=3

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

ABC Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
ABC Co (TSE:8783) has a Piotroski F-Score of 3 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ABC Co and its competitors. This is near median its historical median of 3.00. Over the past decade, ABC Co's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, ABC Co ranks #1244 out of 1594 companies in the Asset Management industry, placing it in the top 78%.
Is ABC Co's Piotroski F-Score too high?
ABC Co's current Piotroski F-Score of 3 is near 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 5.00. The Asset Management industry median Piotroski F-Score is 5.00. ABC Co's value of 3 is 40% below this industry median. Based on the distribution chart, ABC Co ranks #1244 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, ABC Co has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ABC Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, ABC Co ranks #1244 out of 1594 companies for Piotroski F-Score. This places ABC Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. ABC Co's value of 3 is 40% below this benchmark. Historically, ABC Co's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, ABC Co 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. ABC Co's current Piotroski F-Score of 3 is 40% 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 ABC Co and its competitors. For the Asset Management 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. ABC Co's current Piotroski F-Score is 3, which is near 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 ABC Co stock overvalued right now?
Based on GuruFocus' analysis, ABC Co (TSE:8783) is currently considered Significantly Overvalued. The stock's GF Value™ is 円46.37, compared to a current price of 円88.00 — trading 89.8% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Asset Management industry median of 5.00. ABC Co's overall GF Score™ is 33/100 with 5 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 ABC Co (TSE:8783), the current Piotroski F-Score is 3 as of Jun. 30, 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 ABC Co (TSE:8783) Overvalued in 2026?

Based on GuruFocus' analysis, ABC Co stock appears to be overvalued. The current stock price of 円88.00 is trading 89.8% above its estimated GF Value™ of 円46.37. GuruFocus considers ABC Co to be Significantly Overvalued.

Key valuation signals for TSE:8783:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: 円46.37 vs. price of 円88.00 (89.8% above fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 40% below the Asset Management median (#1244 of 1594)

No single metric tells the full story. See the TSE:8783 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ABC Co Business Description

Address 2-2-15 Minamiaoyama, Win Aoyama BIZ, Minato-ku, Tokyo, JPN, 107-0062
ABC Co Ltd is a Japanese company that operates as an asset management company. The business of the company includes financial advisory services, real estate investment and loan business, and other investment and financing businesses.
33GF Score

Get the complete analysis for TSE:8783

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

円88.00
Price
円46.37
GF Value