AGEHA (TSE:9330) Piotroski F-Score: 4 (As of Jul. 14, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9330 AGEHA Inc TSE:9330
39 GF Score
Price 円862.00
GF Value 円791.23
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is AGEHA Piotroski F-Score?

AGEHA TSE:9330 -0.81% 39 Piotroski F-Score is 4 as of Jul. 14, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSE:9330 with a GF Score™ of 39/100 and a GF Value™ of 円791.23 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,005 Media - Diversified companies, AGEHA ranks worse than 59.4% 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

AGEHA has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:9330' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 5
Current: 4

During the past 5 years, the highest Piotroski F-Score of AGEHA was 5. The lowest was 4. And the median was 4.

AGEHA  (TSE:9330) 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.


AGEHA Piotroski F-Score Related Terms


AGEHA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AGEHA'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.

AGEHA Piotroski F-Score Chart

AGEHA Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 5.00 4.00 4.00

AGEHA Semi-Annual Data
Sep21 Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 4.00 0.00 4.00 0.00

TSE:9330 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, AGEHA'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.


AGEHA Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, AGEHA's Piotroski F-Score distribution charts can be found below:

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


TSE:9330
39GF Score
AGEHA Inc TSE:9330
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was 円-64 Mil.
Cash Flow from Operations was 円226 Mil.
Revenue was 円1,547 Mil.
Gross Profit was 円808 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (1292.551 + 1310.18) / 2 = 円1301.3655 Mil.
Total Assets at the begining of this year (Sep24) was 円1,293 Mil.
Long-Term Debt & Capital Lease Obligation was 円117 Mil.
Total Current Assets was 円1,218 Mil.
Total Current Liabilities was 円276 Mil.
Net Income was 円28 Mil.

Revenue was 円1,561 Mil.
Gross Profit was 円817 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (1462.226 + 1292.551) / 2 = 円1377.3885 Mil.
Total Assets at the begining of last year (Sep23) was 円1,462 Mil.
Long-Term Debt & Capital Lease Obligation was 円53 Mil.
Total Current Assets was 円1,228 Mil.
Total Current Liabilities was 円268 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.

AGEHA's current Net Income (TTM) was -64. ==> 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.

AGEHA's current Cash Flow from Operations (TTM) was 226. ==> 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 (Sep24)
=-63.649/1292.551
=-0.04924293

ROA (Last Year)=Net Income/Total Assets (Sep23)
=27.841/1462.226
=0.01904015

AGEHA's return on assets of this year was -0.04924293. AGEHA's return on assets of last year was 0.01904015. ==> 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.

AGEHA's current Net Income (TTM) was -64. AGEHA's current Cash Flow from Operations (TTM) was 226. ==> 226 > -64 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=116.623/1301.3655
=0.08961587

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=52.825/1377.3885
=0.03835156

AGEHA's gearing of this year was 0.08961587. AGEHA's gearing of last year was 0.03835156. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=1218.447/275.549
=4.42188867

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=1228.003/267.676
=4.58764701

AGEHA's current ratio of this year was 4.42188867. AGEHA's current ratio of last year was 4.58764701. ==> 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.

AGEHA's number of shares in issue this year was 1.426. AGEHA's number of shares in issue last year was 1.442. ==> 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
=808.023/1547.053
=0.5222982

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=816.747/1560.997
=0.52322138

AGEHA's gross margin of this year was 0.5222982. AGEHA's gross margin of last year was 0.52322138. ==> 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 (Sep24)
=1547.053/1292.551
=1.196899

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=1560.997/1462.226
=1.06754838

AGEHA's asset turnover of this year was 1.196899. AGEHA's asset turnover of last year was 1.06754838. ==> 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
=0+1+0+1+0+0+1+0+1
=4

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

AGEHA has an F-score of 4 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 4 mean?
AGEHA (TSE:9330) has a Piotroski F-Score of 4 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AGEHA and its competitors. This is near median its historical median of 4.00. Over the past decade, AGEHA's Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, AGEHA ranks #597 out of 1005 companies in the Media - Diversified industry, placing it in the top 59.4%.
Is AGEHA's Piotroski F-Score too high?
AGEHA's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 5.00. The Media - Diversified industry median Piotroski F-Score is 5.00. AGEHA's value of 4 is 20% below this industry median. Based on the distribution chart, AGEHA ranks #597 out of 1005 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, AGEHA has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AGEHA's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, AGEHA ranks #597 out of 1005 companies for Piotroski F-Score. This places AGEHA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AGEHA's value of 4 is 20% below this benchmark. Historically, AGEHA's own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, AGEHA 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,005 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. AGEHA's current Piotroski F-Score of 4 is 20% 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 AGEHA and its competitors. For the Media - Diversified 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. AGEHA's current Piotroski F-Score is 4, which is near 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 AGEHA stock overvalued right now?
Based on GuruFocus' analysis, AGEHA (TSE:9330) is currently considered Fairly Valued. The stock's GF Value™ is 円791.23, compared to a current price of 円862.00 — trading 8.9% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Media - Diversified industry median of 5.00. AGEHA's overall GF Score™ is 39/100 with 1 warning sign 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 AGEHA (TSE:9330), the current Piotroski F-Score is 4 as of Jul. 14, 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 AGEHA (TSE:9330) Overvalued in 2026?

Based on GuruFocus' analysis, AGEHA stock appears to be overvalued. The current stock price of 円862.00 is trading 8.9% above its estimated GF Value™ of 円791.23. GuruFocus considers AGEHA to be Fairly Valued.

Key valuation signals for TSE:9330:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: 円791.23 vs. price of 円862.00 (8.9% above fair value)
  • GF Score™: 39/100 with 1 warning sign
  • Industry Position: 20% below the Media - Diversified median (#597 of 1005)

No single metric tells the full story. See the TSE:9330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AGEHA Business Description

Address 2-12-7 Hatchobori, Uniden Building 3rd floor, Chuo-ku, Tokyo, JPN, 104-0032
AGEHA Inc is engaged in Providing branding consultancy and creative solutions for businesses.
39GF Score

Get the complete analysis for TSE:9330

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

円862.00
Price
円791.23
GF Value