Shingakukai Holdings Co (TSE:9760) Piotroski F-Score: 3 (As of Jun. 28, 2026) — Near Median


TSE:9760 Shingakukai Holdings Co Ltd TSE:9760
40 GF Score
Price 円113.00
GF Value 円258.60
Valuation Possible Value Trap
! 7 Warning Signs
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What is Shingakukai Holdings Co Piotroski F-Score?

Shingakukai Holdings Co TSE:9760 +0.89% 40 Piotroski F-Score is 3 as of Jun. 28, 2026, which is at its 10-year median of 3.00. GuruFocus rates TSE:9760 with a GF Score™ of 40/100 and a GF Value™ of 円258.60 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 555 Conglomerates companies, Shingakukai Holdings Co ranks worse than 86.31% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Shingakukai Holdings Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

TSE:9760' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Shingakukai Holdings Co was 7. The lowest was 2. And the median was 3.

Shingakukai Holdings Co  (TSE:9760) 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.


Shingakukai Holdings Co Piotroski F-Score Related Terms


Shingakukai Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Shingakukai Holdings 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.

Shingakukai Holdings Co Piotroski F-Score Chart

Shingakukai Holdings 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 2.00 5.00 5.00 7.00 3.00

Shingakukai Holdings 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 5.00 0.00 7.00 0.00 3.00

TSE:9760 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Shingakukai Holdings 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.


Shingakukai Holdings Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shingakukai Holdings Co's Piotroski F-Score distribution charts can be found below:

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


TSE:9760
40GF Score
Shingakukai Holdings Co Ltd TSE:9760
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-1,799 Mil.
Cash Flow from Operations was 円-2,730 Mil.
Revenue was 円6,705 Mil.
Gross Profit was 円-994 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (23617.128 + 19905.567) / 2 = 円21761.3475 Mil.
Total Assets at the begining of this year (Mar25) was 円23,617 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円13,490 Mil.
Total Current Liabilities was 円12,299 Mil.
Net Income was 円-567 Mil.

Revenue was 円6,246 Mil.
Gross Profit was 円173 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (23372.885 + 23617.128) / 2 = 円23495.0065 Mil.
Total Assets at the begining of last year (Mar24) was 円23,373 Mil.
Long-Term Debt & Capital Lease Obligation was 円0 Mil.
Total Current Assets was 円15,700 Mil.
Total Current Liabilities was 円14,028 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.

Shingakukai Holdings Co's current Net Income (TTM) was -1,799. ==> 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.

Shingakukai Holdings Co's current Cash Flow from Operations (TTM) was -2,730. ==> 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 (Mar25)
=-1798.858/23617.128
=-0.07616752

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-566.77/23372.885
=-0.02424904

Shingakukai Holdings Co's return on assets of this year was -0.07616752. Shingakukai Holdings Co's return on assets of last year was -0.02424904. ==> 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.

Shingakukai Holdings Co's current Net Income (TTM) was -1,799. Shingakukai Holdings Co's current Cash Flow from Operations (TTM) was -2,730. ==> -2,730 <= -1,799 ==> 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
=0/21761.3475
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/23495.0065
=0

Shingakukai Holdings Co's gearing of this year was 0. Shingakukai Holdings Co'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: Mar26)=Total Current Assets/Total Current Liabilities
=13489.572/12298.832
=1.09681732

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15700.104/14028.345
=1.11917008

Shingakukai Holdings Co's current ratio of this year was 1.09681732. Shingakukai Holdings Co's current ratio of last year was 1.11917008. ==> 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.

Shingakukai Holdings Co's number of shares in issue this year was 17.712. Shingakukai Holdings Co's number of shares in issue last year was 17.712. ==> 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
=-993.58/6705.448
=-0.14817504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=172.705/6245.958
=0.02765068

Shingakukai Holdings Co's gross margin of this year was -0.14817504. Shingakukai Holdings Co's gross margin of last year was 0.02765068. ==> 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 (Mar25)
=6705.448/23617.128
=0.28392309

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6245.958/23372.885
=0.26723094

Shingakukai Holdings Co's asset turnover of this year was 0.28392309. Shingakukai Holdings Co's asset turnover of last year was 0.26723094. ==> 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+0+0+0+1+0+1+0+1
=3

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

Shingakukai Holdings Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Shingakukai Holdings Co (TSE:9760) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shingakukai Holdings Co and its competitors. This is near median its historical median of 3.00. Over the past decade, Shingakukai Holdings Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Shingakukai Holdings Co ranks #479 out of 555 companies in the Conglomerates industry, placing it in the top 86.3%.
Is Shingakukai Holdings Co's Piotroski F-Score too high?
Shingakukai Holdings Co's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Shingakukai Holdings Co's value of 3 is 40% below this industry median. Based on the distribution chart, Shingakukai Holdings Co ranks #479 out of 555 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Shingakukai Holdings Co has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shingakukai Holdings Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Shingakukai Holdings Co ranks #479 out of 555 companies for Piotroski F-Score. This places Shingakukai Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shingakukai Holdings Co's value of 3 is 40% below this benchmark. Historically, Shingakukai Holdings Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Shingakukai Holdings Co 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Shingakukai Holdings Co's current Piotroski F-Score of 3 is 40% 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 Shingakukai Holdings Co and its competitors. For the Conglomerates 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. Shingakukai Holdings Co's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shingakukai Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Shingakukai Holdings Co (TSE:9760) is currently considered Possible Value Trap. The stock's GF Value™ is 円258.60, compared to a current price of 円113.00 — trading 56.3% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Conglomerates industry median of 5.00. Shingakukai Holdings Co's overall GF Score™ is 40/100 with 7 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 Shingakukai Holdings Co (TSE:9760), the current Piotroski F-Score is 3 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 Shingakukai Holdings Co (TSE:9760) Overvalued in 2026?

Based on GuruFocus' analysis, Shingakukai Holdings Co stock appears to be undervalued. The current stock price of 円113.00 is trading 56.3% below its estimated GF Value™ of 円258.60. GuruFocus considers Shingakukai Holdings Co to be Possible Value Trap.

Key valuation signals for TSE:9760:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: 円258.60 vs. price of 円113.00 (56.3% below fair value)
  • GF Score™: 40/100 with 7 warning signs
  • Industry Position: 40% below the Conglomerates median (#479 of 555)

No single metric tells the full story. See the TSE:9760 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shingakukai Holdings Co Business Description

Address No. 15 North 1st Street, Shiroishi-ku, Sapporo, Hokkaido Hongodori, JPN, 003-0025
Shingakukai Holdings Co Ltd operates in the education sector. The company provide training sessions and public simulation examinations. It is also involved in the development and promotion of computer software for education and management of sports club.
40GF Score

Get the complete analysis for TSE:9760

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

円113.00
Price
円258.60
GF Value