Seyfert (TSE:9213) Piotroski F-Score: 2 (As of Jun. 30, 2026) — 67% Below Median


TSE:9213 Seyfert Ltd TSE:9213
68 GF Score
Price 円1,077.00
GF Value 円852.87
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Seyfert Piotroski F-Score?

Seyfert TSE:9213 +1.13% 68 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates TSE:9213 with a GF Score™ of 68/100 and a GF Value™ of 円852.87 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 555 Conglomerates companies, Seyfert ranks worse than 95.5% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Seyfert has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

TSE:9213' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 2

During the past 7 years, the highest Piotroski F-Score of Seyfert was 8. The lowest was 2. And the median was 6.

Seyfert  (TSE:9213) 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.


Seyfert Piotroski F-Score Related Terms


Seyfert Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seyfert'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.

Seyfert Piotroski F-Score Chart

Seyfert Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 8.00 8.00 6.00 6.00 2.00

Seyfert Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 6.00 0.00 0.00 2.00 0.00

TSE:9213 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Seyfert'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.


Seyfert Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Seyfert's Piotroski F-Score distribution charts can be found below:

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


TSE:9213
68GF Score
Seyfert Ltd TSE:9213
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円-181 Mil.
Cash Flow from Operations was 円-18 Mil.
Revenue was 円1,928 Mil.
Gross Profit was 円1,095 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1745.298 + 1473.741) / 2 = 円1609.5195 Mil.
Total Assets at the begining of this year (Dec24) was 円1,745 Mil.
Long-Term Debt & Capital Lease Obligation was 円10 Mil.
Total Current Assets was 円1,150 Mil.
Total Current Liabilities was 円434 Mil.
Net Income was 円21 Mil.

Revenue was 円2,131 Mil.
Gross Profit was 円1,238 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1817.464 + 1745.298) / 2 = 円1781.381 Mil.
Total Assets at the begining of last year (Dec23) was 円1,817 Mil.
Long-Term Debt & Capital Lease Obligation was 円6 Mil.
Total Current Assets was 円1,316 Mil.
Total Current Liabilities was 円490 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.

Seyfert's current Net Income (TTM) was -181. ==> 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.

Seyfert's current Cash Flow from Operations (TTM) was -18. ==> 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 (Dec24)
=-180.527/1745.298
=-0.1034362

ROA (Last Year)=Net Income/Total Assets (Dec23)
=20.851/1817.464
=0.01147258

Seyfert's return on assets of this year was -0.1034362. Seyfert's return on assets of last year was 0.01147258. ==> 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.

Seyfert's current Net Income (TTM) was -181. Seyfert's current Cash Flow from Operations (TTM) was -18. ==> -18 > -181 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=10.167/1609.5195
=0.00631679

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.224/1781.381
=0.00349392

Seyfert's gearing of this year was 0.00631679. Seyfert's gearing of last year was 0.00349392. ==> Last year is lower than this year ==> Score 0.

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: Dec25)=Total Current Assets/Total Current Liabilities
=1150.442/434.024
=2.65064144

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1315.716/490.363
=2.68314697

Seyfert's current ratio of this year was 2.65064144. Seyfert's current ratio of last year was 2.68314697. ==> 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.

Seyfert's number of shares in issue this year was 1.321. Seyfert's number of shares in issue last year was 1.322. ==> 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
=1094.546/1928.222
=0.56764522

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1238.056/2130.602
=0.58108272

Seyfert's gross margin of this year was 0.56764522. Seyfert's gross margin of last year was 0.58108272. ==> 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 (Dec24)
=1928.222/1745.298
=1.10480961

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2130.602/1817.464
=1.17229392

Seyfert's asset turnover of this year was 1.10480961. Seyfert's asset turnover of last year was 1.17229392. ==> 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+0+0+1+0+0
=2

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

Seyfert has an F-score of 2. 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 2 mean?
Seyfert (TSE:9213) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seyfert and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Seyfert's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Seyfert ranks #530 out of 555 companies in the Conglomerates industry, placing it in the top 95.5%.
Is Seyfert's Piotroski F-Score too high?
Seyfert's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Seyfert's value of 2 is 60% below this industry median. Based on the distribution chart, Seyfert ranks #530 out of 555 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Seyfert has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seyfert's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Seyfert ranks #530 out of 555 companies for Piotroski F-Score. This places Seyfert in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Seyfert's value of 2 is 60% below this benchmark. Historically, Seyfert's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Seyfert 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 a Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Seyfert's current Piotroski F-Score of 2 is 60% 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 Seyfert and its competitors. For the Conglomerates 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. Seyfert's current Piotroski F-Score is 2, which is 67% below 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 Seyfert stock overvalued right now?
Based on GuruFocus' analysis, Seyfert (TSE:9213) is currently considered Modestly Overvalued. The stock's GF Value™ is 円852.87, compared to a current price of 円1,077.00 — trading 26.3% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Conglomerates industry median of 5.00. Seyfert's overall GF Score™ is 68/100 with 3 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 Seyfert (TSE:9213), the current Piotroski F-Score is 2 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 Seyfert (TSE:9213) Overvalued in 2026?

Based on GuruFocus' analysis, Seyfert stock appears to be overvalued. The current stock price of 円1,077.00 is trading 26.3% above its estimated GF Value™ of 円852.87. GuruFocus considers Seyfert to be Modestly Overvalued.

Key valuation signals for TSE:9213:

  • Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
  • GF Value™: 円852.87 vs. price of 円1,077.00 (26.3% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 60% below the Conglomerates median (#530 of 555)

No single metric tells the full story. See the TSE:9213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seyfert Business Description

Address Shibuya 3-27-11, Yushin Building 2nd Floor, Shibuya-ku, Tokyo, JPN, 150-0002
Seyfert Ltd provides services to beauty salon management. The group offers Advertisement and Recruitment Services, Introduction and Dispatch Services, and Education (Other) Services.
68GF Score

Get the complete analysis for TSE:9213

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

円1,077.00
Price
円852.87
GF Value