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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.
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.
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.
Fukui Computer Holdings Piotroski F-Score Related Terms
Fukui Computer Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Fukui Computer Holdings'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.
TSE:9790 vs UBER, SHOP, CRM: Piotroski F-Score Comparison
For the Software - Application subindustry, Fukui Computer Holdings'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.
Fukui Computer Holdings Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Fukui Computer Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fukui Computer Holdings's Piotroski F-Score falls into.
* 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.
*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.
Fukui Computer Holdings's current Net Income (TTM) was 4,313.
==> 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.
Fukui Computer Holdings's current Cash Flow from Operations (TTM) was 6,089.
==> 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.
Fukui Computer Holdings's return on assets of this year was 0.13052294. Fukui Computer Holdings's return on assets of last year was 0.14074522.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fukui Computer Holdings's gearing of this year was 0. Fukui Computer Holdings'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
Fukui Computer Holdings's current ratio of this year was 4.00494132. Fukui Computer Holdings's current ratio of last year was 4.0450482.
==> 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.
Fukui Computer Holdings's number of shares in issue this year was 20.673. Fukui Computer Holdings's number of shares in issue last year was 20.671.
==> 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.
Fukui Computer Holdings's gross margin of this year was 0.8178106. Fukui Computer Holdings's gross margin of last year was 0.7915336.
==> 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
Fukui Computer Holdings's asset turnover of this year was 0.50396441. Fukui Computer Holdings's asset turnover of last year was 0.494473.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
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Que. 5
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Que. 6
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Que. 7
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Que. 8
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Que. 9
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1
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1
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0
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1
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1
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0
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0
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1
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1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fukui Computer Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Fukui Computer Holdings (TSE:9790) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fukui Computer Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Fukui Computer Holdings' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Fukui Computer Holdings ranks #586 out of 2737 companies in the Software industry, placing it in the top 21.4%.
Is Fukui Computer Holdings' Piotroski F-Score too high?
Fukui Computer Holdings' 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 5.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Fukui Computer Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Fukui Computer Holdings ranks #586 out of 2737 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fukui Computer Holdings has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fukui Computer Holdings' Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Fukui Computer Holdings ranks #586 out of 2737 companies for Piotroski F-Score. This places Fukui Computer Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fukui Computer Holdings' value of 6 is 20% above this benchmark. Historically, Fukui Computer Holdings' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fukui Computer Holdings 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 2,737 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. Fukui Computer Holdings'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 Fukui Computer Holdings 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. Fukui Computer Holdings'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 Fukui Computer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fukui Computer Holdings (TSE:9790) is currently considered Fairly Valued. The stock's GF Value™ is 円3,293.21, compared to a current price of 円3,130.00 — trading 5% 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 Software industry median of 5.00. Fukui Computer Holdings' overall GF Score™ is 80/100 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 Fukui Computer Holdings (TSE:9790), the current Piotroski F-Score is 6 as of Jul. 16, 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 Fukui Computer Holdings (TSE:9790) Overvalued in 2026?
Based on GuruFocus' analysis, Fukui Computer Holdings stock appears to be undervalued.
The current stock price of 円3,130.00 is trading 5% below its estimated GF Value™ of 円3,293.21.
GuruFocus considers Fukui Computer Holdings to be Fairly Valued.
Key valuation signals for TSE:9790:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: 円3,293.21 vs. price of 円3,130.00 (5% below fair value)
Industry Position: 20% above the Software median (#586 of 2737)
No single metric tells the full story. See the TSE:9790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fukui Computer Holdings Inc is engaged in architecture, surveying, development, and sale of various types of computer-aided design (CAD) software. It supplies services for two segments which are architecture and information technology respectively. The architectural business includes the 3D architectural designing system that supports total design work from design to presentation, various applications, integration / estimation, after-sales management. The Measurement Civil Engineering CAD segment is engaged in the development, sale, and maintenance of measurement CAD software and civil engineering CAD software. The Information Technology (IT) Solution segment offers solution services, including other system development, Web application and hosting services.
80GF Score
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