Cerespo Co (TSE:9625) Piotroski F-Score: 6 (As of Jul. 13, 2026) — Near Median


TSE:9625 Cerespo Co Ltd TSE:9625
67 GF Score
Price 円1,080.00
GF Value 円1,128.43
Valuation Fairly Valued
! 3 Warning Signs
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What is Cerespo Co Piotroski F-Score?

Cerespo Co TSE:9625 +0.47% 67 Piotroski F-Score is 6 as of Jul. 13, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:9625 with a GF Score™ of 67/100 and a GF Value™ of 円1,128.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,005 Media - Diversified companies, Cerespo Co ranks better than 78.91% 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

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

TSE:9625' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Cerespo Co was 8. The lowest was 1. And the median was 6.

Cerespo Co  (TSE:9625) 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.


Cerespo Co Piotroski F-Score Related Terms


Cerespo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cerespo 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.

Cerespo Co Piotroski F-Score Chart

Cerespo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 2.00 5.00 6.00

Cerespo Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 2.00 0.00 5.00 0.00 6.00

TSE:9625 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Cerespo 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.


Cerespo Co Piotroski F-Score vs Media - Diversified Industry

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

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


TSE:9625
67GF Score
Cerespo Co Ltd TSE:9625
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円767 Mil.
Cash Flow from Operations was 円14 Mil.
Revenue was 円15,139 Mil.
Gross Profit was 円5,350 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (13038.782 + 12629.139) / 2 = 円12833.9605 Mil.
Total Assets at the begining of this year (Mar25) was 円13,039 Mil.
Long-Term Debt & Capital Lease Obligation was 円3 Mil.
Total Current Assets was 円8,507 Mil.
Total Current Liabilities was 円2,570 Mil.
Net Income was 円-765 Mil.

Revenue was 円13,667 Mil.
Gross Profit was 円4,536 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (12152.415 + 13038.782) / 2 = 円12595.5985 Mil.
Total Assets at the begining of last year (Mar24) was 円12,152 Mil.
Long-Term Debt & Capital Lease Obligation was 円4 Mil.
Total Current Assets was 円8,907 Mil.
Total Current Liabilities was 円2,433 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.

Cerespo Co's current Net Income (TTM) was 767. ==> 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.

Cerespo Co's current Cash Flow from Operations (TTM) was 14. ==> 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 (Mar25)
=766.776/13038.782
=0.05880733

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-764.989/12152.415
=-0.06294955

Cerespo Co's return on assets of this year was 0.05880733. Cerespo Co's return on assets of last year was -0.06294955. ==> 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.

Cerespo Co's current Net Income (TTM) was 767. Cerespo Co's current Cash Flow from Operations (TTM) was 14. ==> 14 <= 767 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=3.12/12833.9605
=0.00024311

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4.457/12595.5985
=0.00035385

Cerespo Co's gearing of this year was 0.00024311. Cerespo Co's gearing of last year was 0.00035385. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=8507.097/2570.044
=3.3100978

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8907.328/2433.326
=3.66055679

Cerespo Co's current ratio of this year was 3.3100978. Cerespo Co's current ratio of last year was 3.66055679. ==> 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.

Cerespo Co's number of shares in issue this year was 5.478. Cerespo Co's number of shares in issue last year was 5.463. ==> 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
=5349.581/15138.522
=0.35337538

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4535.552/13667.39
=0.33185209

Cerespo Co's gross margin of this year was 0.35337538. Cerespo Co's gross margin of last year was 0.33185209. ==> 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 (Mar25)
=15138.522/13038.782
=1.16103805

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=13667.39/12152.415
=1.12466452

Cerespo Co's asset turnover of this year was 1.16103805. Cerespo Co's asset turnover of last year was 1.12466452. ==> 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+1+0+0+1+1
=6

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

Cerespo 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?
Cerespo Co (TSE:9625) has a Piotroski F-Score of 6 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cerespo Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Cerespo Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Cerespo Co ranks #212 out of 1005 companies in the Media - Diversified industry, placing it in the top 21.1%.
Is Cerespo Co's Piotroski F-Score too high?
Cerespo Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Cerespo Co's value of 6 is 20% above this industry median. Based on the distribution chart, Cerespo Co ranks #212 out of 1005 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Cerespo Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cerespo Co's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Cerespo Co ranks #212 out of 1005 companies for Piotroski F-Score. This places Cerespo Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cerespo Co's value of 6 is 20% above this benchmark. Historically, Cerespo Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cerespo 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 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. Cerespo 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 Cerespo Co 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. Cerespo Co's current Piotroski F-Score is 6, which is near 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 Cerespo Co stock overvalued right now?
Based on GuruFocus' analysis, Cerespo Co (TSE:9625) is currently considered Fairly Valued. The stock's GF Value™ is 円1,128.43, compared to a current price of 円1,080.00 — trading 4.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Media - Diversified industry median of 5.00. Cerespo Co's overall GF Score™ is 67/100 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 Cerespo Co (TSE:9625), the current Piotroski F-Score is 6 as of Jul. 13, 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 Cerespo Co (TSE:9625) Overvalued in 2026?

Based on GuruFocus' analysis, Cerespo Co stock appears to be undervalued. The current stock price of 円1,080.00 is trading 4.3% below its estimated GF Value™ of 円1,128.43. GuruFocus considers Cerespo Co to be Fairly Valued.

Key valuation signals for TSE:9625:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円1,128.43 vs. price of 円1,080.00 (4.3% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 20% above the Media - Diversified median (#212 of 1005)

No single metric tells the full story. See the TSE:9625 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cerespo Co Business Description

Address 1-21-5 Kita Otsuka, Toshima-ku, Tokyo, JPN, 170-0004
Cerespo Co Ltd is engaged in planning, space production and management events for sales promotion, festivals, conventions, sports, ceremony, and recreational activities. It also provides security services and engages in the advertising business.
67GF Score

Get the complete analysis for TSE:9625

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

円1,080.00
Price
円1,128.43
GF Value