Wagokoro Co (TSE:9271) Piotroski F-Score: 6 (As of Jul. 12, 2026) — 50% Above Median


TSE:9271 Wagokoro Co Ltd TSE:9271
63 GF Score
Price 円1,016.00
GF Value 円590.83
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Wagokoro Co Piotroski F-Score?

Wagokoro Co TSE:9271 +4.21% 63 Piotroski F-Score is 6 as of Jul. 12, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates TSE:9271 with a GF Score™ of 63/100 and a GF Value™ of 円590.83 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Wagokoro Co ranks better than 73.07% 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

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

TSE:9271' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 11 years, the highest Piotroski F-Score of Wagokoro Co was 7. The lowest was 1. And the median was 4.

Wagokoro Co  (TSE:9271) 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.


Wagokoro Co Piotroski F-Score Related Terms


Wagokoro Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wagokoro 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.

Wagokoro Co Piotroski F-Score Chart

Wagokoro Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 4.00 6.00 6.00

Wagokoro Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.00 0.00 0.00 6.00 0.00

TSE:9271 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Wagokoro 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.


Wagokoro Co Piotroski F-Score vs Retail - Cyclical Industry

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

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


TSE:9271
63GF Score
Wagokoro Co Ltd TSE:9271
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707 Mil.
Cash Flow from Operations was 円610 Mil.
Revenue was 円2,784 Mil.
Gross Profit was 円1,957 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1275.465 + 1865.862) / 2 = 円1570.6635 Mil.
Total Assets at the begining of this year (Dec24) was 円1,275 Mil.
Long-Term Debt & Capital Lease Obligation was 円154 Mil.
Total Current Assets was 円1,071 Mil.
Total Current Liabilities was 円437 Mil.
Net Income was 円398 Mil.

Revenue was 円2,095 Mil.
Gross Profit was 円1,422 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1024.704 + 1275.465) / 2 = 円1150.0845 Mil.
Total Assets at the begining of last year (Dec23) was 円1,025 Mil.
Long-Term Debt & Capital Lease Obligation was 円78 Mil.
Total Current Assets was 円841 Mil.
Total Current Liabilities was 円612 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.

Wagokoro Co's current Net Income (TTM) was 707. ==> 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.

Wagokoro Co's current Cash Flow from Operations (TTM) was 610. ==> 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 (Dec24)
=706.854/1275.465
=0.55419318

ROA (Last Year)=Net Income/Total Assets (Dec23)
=398.33/1024.704
=0.38872689

Wagokoro Co's return on assets of this year was 0.55419318. Wagokoro Co's return on assets of last year was 0.38872689. ==> 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.

Wagokoro Co's current Net Income (TTM) was 707. Wagokoro Co's current Cash Flow from Operations (TTM) was 610. ==> 610 <= 707 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=153.762/1570.6635
=0.09789621

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=77.938/1150.0845
=0.06776719

Wagokoro Co's gearing of this year was 0.09789621. Wagokoro Co's gearing of last year was 0.06776719. ==> 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
=1071.128/436.791
=2.45226664

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=841.05/611.6
=1.37516351

Wagokoro Co's current ratio of this year was 2.45226664. Wagokoro Co's current ratio of last year was 1.37516351. ==> This year's current ratio is higher. ==> Score 1.

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.

Wagokoro Co's number of shares in issue this year was 7.896. Wagokoro Co's number of shares in issue last year was 7.433. ==> 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
=1957.196/2783.84
=0.70305621

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1422.118/2094.946
=0.67883277

Wagokoro Co's gross margin of this year was 0.70305621. Wagokoro Co's gross margin of last year was 0.67883277. ==> 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 (Dec24)
=2783.84/1275.465
=2.18260791

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2094.946/1024.704
=2.04444015

Wagokoro Co's asset turnover of this year was 2.18260791. Wagokoro Co's asset turnover of last year was 2.04444015. ==> 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+0+1+0+1+1
=6

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

Wagokoro 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?
Wagokoro Co (TSE:9271) has a Piotroski F-Score of 6 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wagokoro Co and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Wagokoro Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Wagokoro Co ranks #296 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 26.9%.
Is Wagokoro Co's Piotroski F-Score too high?
Wagokoro Co's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Wagokoro Co's value of 6 is 20% above this industry median. Based on the distribution chart, Wagokoro Co ranks #296 out of 1099 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Wagokoro Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wagokoro Co's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Wagokoro Co ranks #296 out of 1099 companies for Piotroski F-Score. This puts Wagokoro Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Wagokoro Co's value of 6 is 20% above this benchmark. Historically, Wagokoro Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Wagokoro 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, 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. Wagokoro Co'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 Wagokoro Co and its competitors. For the Retail - Cyclical 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. Wagokoro Co's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wagokoro Co stock overvalued right now?
Based on GuruFocus' analysis, Wagokoro Co (TSE:9271) is currently considered Significantly Overvalued. The stock's GF Value™ is 円590.83, compared to a current price of 円1,016.00 — trading 72% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Retail - Cyclical industry median of 5.00. Wagokoro Co's overall GF Score™ is 63/100 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 Wagokoro Co (TSE:9271), the current Piotroski F-Score is 6 as of Jul. 12, 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 Wagokoro Co (TSE:9271) Overvalued in 2026?

Based on GuruFocus' analysis, Wagokoro Co stock appears to be overvalued. The current stock price of 円1,016.00 is trading 72% above its estimated GF Value™ of 円590.83. GuruFocus considers Wagokoro Co to be Significantly Overvalued.

Key valuation signals for TSE:9271:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: 円590.83 vs. price of 円1,016.00 (72% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#296 of 1099)

No single metric tells the full story. See the TSE:9271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wagokoro Co Business Description

Address 3-20-12 Sendagaya, Shibuya-ku, Tokyo, JPN, 151-0051
Wagokoro Co Ltd is a Japan-based company mainly engaged in the production and sale of Japanese traditional merchandise. The company provides accessories such as Kanzashi, Japanese umbrella, Yukata, and others.
63GF Score

Get the complete analysis for TSE:9271

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

円1,016.00
Price
円590.83
GF Value