Atlas Technologies (TSE:9563) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 20% Above Median


TSE:9563 Atlas Technologies Corp TSE:9563
82 GF Score
Price 円292.00
GF Value 円318.30
Valuation Fairly Valued
! 4 Warning Signs
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What is Atlas Technologies Piotroski F-Score?

Atlas Technologies TSE:9563 82 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates TSE:9563 with a GF Score™ of 82/100 and a GF Value™ of 円318.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,744 Software companies, Atlas Technologies ranks better than 78.75% 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

Atlas Technologies 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 Atlas Technologies's Piotroski F-Score or its related term are showing as below:

TSE:9563' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of Atlas Technologies was 6. The lowest was 3. And the median was 5.

Atlas Technologies  (TSE:9563) 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.


Atlas Technologies Piotroski F-Score Related Terms


Atlas Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlas Technologies'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.

Atlas Technologies Piotroski F-Score Chart

Atlas Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 3.00 3.00 6.00

Atlas Technologies Quarterly Data
Dec20 Dec21 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 3.00 0.00 0.00 6.00 0.00

TSE:9563 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Atlas Technologies'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.


Atlas Technologies Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Atlas Technologies's Piotroski F-Score distribution charts can be found below:

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


TSE:9563
82GF Score
Atlas Technologies Corp TSE:9563
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23 Mil.
Cash Flow from Operations was 円-138 Mil.
Revenue was 円2,281 Mil.
Gross Profit was 円568 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1937.399 + 1944.137) / 2 = 円1940.768 Mil.
Total Assets at the begining of this year (Dec24) was 円1,937 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,905 Mil.
Total Current Liabilities was 円266 Mil.
Net Income was 円-852 Mil.

Revenue was 円2,121 Mil.
Gross Profit was 円406 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2756.688 + 1937.399) / 2 = 円2347.0435 Mil.
Total Assets at the begining of last year (Dec23) was 円2,757 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円1,913 Mil.
Total Current Liabilities was 円283 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.

Atlas Technologies's current Net Income (TTM) was 23. ==> 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.

Atlas Technologies's current Cash Flow from Operations (TTM) was -138. ==> 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)
=22.55/1937.399
=0.01163932

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-852.052/2756.688
=-0.3090854

Atlas Technologies's return on assets of this year was 0.01163932. Atlas Technologies's return on assets of last year was -0.3090854. ==> 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.

Atlas Technologies's current Net Income (TTM) was 23. Atlas Technologies's current Cash Flow from Operations (TTM) was -138. ==> -138 <= 23 ==> 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
=0/1940.768
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/2347.0435
=0

Atlas Technologies's gearing of this year was 0. Atlas Technologies's gearing of last year was 0. ==> 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
=1905.208/266.23
=7.15624836

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1913.187/283.288
=6.75350527

Atlas Technologies's current ratio of this year was 7.15624836. Atlas Technologies's current ratio of last year was 6.75350527. ==> 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.

Atlas Technologies's number of shares in issue this year was 7.442. Atlas Technologies's number of shares in issue last year was 7.37. ==> 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
=567.735/2280.86
=0.24891269

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=406.064/2120.772
=0.1914699

Atlas Technologies's gross margin of this year was 0.24891269. Atlas Technologies's gross margin of last year was 0.1914699. ==> 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)
=2280.86/1937.399
=1.17727943

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2120.772/2756.688
=0.76931883

Atlas Technologies's asset turnover of this year was 1.17727943. Atlas Technologies's asset turnover of last year was 0.76931883. ==> 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+0+1+0+1+1+0+1+1
=6

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

Atlas Technologies 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?
Atlas Technologies (TSE:9563) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlas Technologies and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Atlas Technologies' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Atlas Technologies ranks #583 out of 2744 companies in the Software industry, placing it in the top 21.2%.
Is Atlas Technologies' Piotroski F-Score too high?
Atlas Technologies' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Atlas Technologies' value of 6 is 20% above this industry median. Based on the distribution chart, Atlas Technologies ranks #583 out of 2744 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Atlas Technologies has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlas Technologies' Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Atlas Technologies ranks #583 out of 2744 companies for Piotroski F-Score. This places Atlas Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Atlas Technologies' value of 6 is 20% above this benchmark. Historically, Atlas Technologies' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Atlas Technologies 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. Atlas Technologies'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 Atlas Technologies and its competitors. For the Software 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. Atlas Technologies's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Technologies stock overvalued right now?
Based on GuruFocus' analysis, Atlas Technologies (TSE:9563) is currently considered Fairly Valued. The stock's GF Value™ is 円318.30, compared to a current price of 円292.00 — trading 8.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Software industry median of 5.00. Atlas Technologies' overall GF Score™ is 82/100 with 4 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 Atlas Technologies (TSE:9563), the current Piotroski F-Score is 6 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 Atlas Technologies (TSE:9563) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Technologies stock appears to be undervalued. The current stock price of 円292.00 is trading 8.3% below its estimated GF Value™ of 円318.30. GuruFocus considers Atlas Technologies to be Fairly Valued.

Key valuation signals for TSE:9563:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: 円318.30 vs. price of 円292.00 (8.3% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 20% above the Software median (#583 of 2744)

No single metric tells the full story. See the TSE:9563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atlas Technologies Business Description

Address 2-5 Kasumigaseki 3-chome, Chiyoda-ku, Tokyo, JPN, 100-6036
Atlas Technologies Corp is engaged in providing consulting and project execution support services in the Fintech field of payment, banking, securities, and insurance. In addition, it offers services in the IT risk and PMO support field. The group specializes in project management and provides end-to-end support for clients, from planning to business construction and business operations after service launch. Furthermore, it provides a variety of solutions, such as system and business operations after service launch, data utilization, and security operation support. The group operates in a single segment, the Digital Solutions Business.
82GF Score

Get the complete analysis for TSE:9563

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

円292.00
Price
円318.30
GF Value