Bizmates (TSE:9345) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


TSE:9345 Bizmates Inc TSE:9345
70 GF Score
Price 円551.00
GF Value 円965.70
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Bizmates Piotroski F-Score?

Bizmates TSE:9345 +0.18% 70 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:9345 with a GF Score™ of 70/100 and a GF Value™ of 円965.70 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 254 Education companies, Bizmates ranks better than 53.54% 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

Bizmates has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

TSE:9345' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of Bizmates was 7. The lowest was 4. And the median was 6.

Bizmates  (TSE:9345) 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.


Bizmates Piotroski F-Score Related Terms


Bizmates Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bizmates'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.

Bizmates Piotroski F-Score Chart

Bizmates Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 6.00 4.00 5.00

Bizmates Quarterly Data
Dec20 Dec21 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 4.00 0.00 0.00 5.00 0.00

TSE:9345 vs EDU, TAL, GHC: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Bizmates'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.


Bizmates Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Bizmates's Piotroski F-Score distribution charts can be found below:

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


TSE:9345
70GF Score
Bizmates Inc TSE:9345
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197 Mil.
Cash Flow from Operations was 円225 Mil.
Revenue was 円3,491 Mil.
Gross Profit was 円2,654 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2696.065 + 2675.982) / 2 = 円2686.0235 Mil.
Total Assets at the begining of this year (Dec24) was 円2,696 Mil.
Long-Term Debt & Capital Lease Obligation was 円37 Mil.
Total Current Assets was 円1,835 Mil.
Total Current Liabilities was 円606 Mil.
Net Income was 円230 Mil.

Revenue was 円3,474 Mil.
Gross Profit was 円2,641 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2055.247 + 2696.065) / 2 = 円2375.656 Mil.
Total Assets at the begining of last year (Dec23) was 円2,055 Mil.
Long-Term Debt & Capital Lease Obligation was 円90 Mil.
Total Current Assets was 円1,812 Mil.
Total Current Liabilities was 円730 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.

Bizmates's current Net Income (TTM) was 197. ==> 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.

Bizmates's current Cash Flow from Operations (TTM) was 225. ==> 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)
=197.144/2696.065
=0.07312287

ROA (Last Year)=Net Income/Total Assets (Dec23)
=229.849/2055.247
=0.11183522

Bizmates's return on assets of this year was 0.07312287. Bizmates's return on assets of last year was 0.11183522. ==> 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.

Bizmates's current Net Income (TTM) was 197. Bizmates's current Cash Flow from Operations (TTM) was 225. ==> 225 > 197 ==> 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
=36.67/2686.0235
=0.01365215

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=90.002/2375.656
=0.03788511

Bizmates's gearing of this year was 0.01365215. Bizmates's gearing of last year was 0.03788511. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1834.975/605.537
=3.0303268

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1812.114/729.924
=2.48260641

Bizmates's current ratio of this year was 3.0303268. Bizmates's current ratio of last year was 2.48260641. ==> 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.

Bizmates's number of shares in issue this year was 3.28. Bizmates's number of shares in issue last year was 3.255. ==> 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
=2654.133/3491.179
=0.76023974

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2641.356/3474.071
=0.7603057

Bizmates's gross margin of this year was 0.76023974. Bizmates's gross margin of last year was 0.7603057. ==> 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)
=3491.179/2696.065
=1.29491648

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3474.071/2055.247
=1.69034233

Bizmates's asset turnover of this year was 1.29491648. Bizmates's asset turnover of last year was 1.69034233. ==> 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+0+1+1+1+0+0+0
=5

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

Bizmates has an F-score of 5 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 5 mean?
Bizmates (TSE:9345) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bizmates and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Bizmates' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Bizmates ranks #118 out of 254 companies in the Education industry, placing it in the top 46.5%.
Is Bizmates' Piotroski F-Score too high?
Bizmates' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Education industry median Piotroski F-Score is 5.00. Bizmates' value of 5 is 0% at this industry median. Based on the distribution chart, Bizmates ranks #118 out of 254 companies in the Education industry, which is above the industry midpoint. Overall, Bizmates has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bizmates' Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Bizmates ranks #118 out of 254 companies for Piotroski F-Score. This puts Bizmates in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bizmates' value of 5 is 0% at this benchmark. Historically, Bizmates' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Bizmates has consistently been at 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 Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 254 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. Bizmates's current Piotroski F-Score of 5 is 0% at 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 Bizmates and its competitors. For the Education 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. Bizmates's current Piotroski F-Score is 5, which is 17% 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 Bizmates stock overvalued right now?
Based on GuruFocus' analysis, Bizmates (TSE:9345) is currently considered Significantly Undervalued. The stock's GF Value™ is 円965.70, compared to a current price of 円551.00 — trading 42.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Education industry median of 5.00. Bizmates' overall GF Score™ is 70/100 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 Bizmates (TSE:9345), the current Piotroski F-Score is 5 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 Bizmates (TSE:9345) Overvalued in 2026?

Based on GuruFocus' analysis, Bizmates stock appears to be undervalued. The current stock price of 円551.00 is trading 42.9% below its estimated GF Value™ of 円965.70. GuruFocus considers Bizmates to be Significantly Undervalued.

Key valuation signals for TSE:9345:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円965.70 vs. price of 円551.00 (42.9% below fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 0% at the Education median (#118 of 254)

No single metric tells the full story. See the TSE:9345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bizmates Business Description

Address 1-7-9 Kandasudacho, VORT Akihabara maximum 10th Floor, Chiyoda-ku, Tokyo, JPN, 101-0041
Bizmates Inc is a online business communication school focused on helping Japanese professionals with their business English needs.
70GF Score

Get the complete analysis for TSE:9345

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

円551.00
Price
円965.70
GF Value