WACLF (Wacoal Holdings) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


WACLF Wacoal Holdings Corp WACLF
69 GF Score
Price $15.00
GF Value $16.25
! 3 Warning Signs
View Full Analysis

What is Wacoal Holdings Piotroski F-Score?

Wacoal Holdings WACLF 69 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates WACLF with a GF Score™ of 69/100 and a GF Value™ of $16.25. The stock has 3 warning signs investors should review. Among 1,055 Manufacturing - Apparel & Accessories companies, Wacoal Holdings ranks better than 90.9% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Wacoal Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

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

During the past 13 years, the highest Piotroski F-Score of Wacoal Holdings was 7. The lowest was 5. And the median was 6.

Wacoal Holdings  (OTCPK:WACLF) 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.


Wacoal Holdings Piotroski F-Score Related Terms


Wacoal Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wacoal 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.

Wacoal Holdings Piotroski F-Score Chart

Wacoal Holdings 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 7.00 6.00 5.00 5.00 7.00

Wacoal Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 6.00 6.00 7.00

WACLF vs RL, LEVI, VFC: Piotroski F-Score Comparison

For the Apparel Manufacturing subindustry, Wacoal 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.


Wacoal Holdings Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wacoal Holdings's Piotroski F-Score distribution charts can be found below:

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


WACLF
69GF Score
Wacoal Holdings Corp WACLF
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 94.564 + -8.42 + 8.806 + -4.203 = $91 Mil.
Cash Flow from Operations was 15.144 + 41.525 + 7.684 + -7.436 = $57 Mil.
Revenue was 311.15 + 287.8 + 274.72 + 259.423 = $1,133 Mil.
Gross Profit was 181.564 + 165.843 + 156.303 + 145.611 = $649 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1826.026 + 1954.811 + 1911.521 + 1853.741 + 1842.135) / 5 = $1877.6468 Mil.
Total Assets at the begining of this year (Mar25) was $1,826 Mil.
Long-Term Debt & Capital Lease Obligation was $81 Mil.
Total Current Assets was $754 Mil.
Total Current Liabilities was $285 Mil.
Net Income was 19.245 + 40.118 + 2.035 + -14.068 = $47 Mil.

Revenue was 294.324 + 305.728 + 281.944 + 270.781 = $1,153 Mil.
Gross Profit was 166.445 + 173.349 + 158.399 + 147.755 = $646 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1962.567 + 1843.722 + 2020.636 + 1864.209 + 1826.026) / 5 = $1903.432 Mil.
Total Assets at the begining of last year (Mar24) was $1,963 Mil.
Long-Term Debt & Capital Lease Obligation was $69 Mil.
Total Current Assets was $671 Mil.
Total Current Liabilities was $336 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.

Wacoal Holdings's current Net Income (TTM) was 91. ==> 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.

Wacoal Holdings's current Cash Flow from Operations (TTM) was 57. ==> 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)
=90.747/1826.026
=0.04969644

ROA (Last Year)=Net Income/Total Assets (Mar24)
=47.33/1962.567
=0.02411637

Wacoal Holdings's return on assets of this year was 0.04969644. Wacoal Holdings's return on assets of last year was 0.02411637. ==> 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.

Wacoal Holdings's current Net Income (TTM) was 91. Wacoal Holdings's current Cash Flow from Operations (TTM) was 57. ==> 57 <= 91 ==> 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
=80.664/1877.6468
=0.04296016

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=68.544/1903.432
=0.03601074

Wacoal Holdings's gearing of this year was 0.04296016. Wacoal Holdings's gearing of last year was 0.03601074. ==> Last year is lower than this year ==> Score 0.

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
=753.787/284.562
=2.64893767

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=670.714/335.763
=1.99758163

Wacoal Holdings's current ratio of this year was 2.64893767. Wacoal Holdings's current ratio of last year was 1.99758163. ==> 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.

Wacoal Holdings's number of shares in issue this year was 50.284. Wacoal Holdings's number of shares in issue last year was 54.111. ==> 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
=649.321/1133.093
=0.57305181

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=645.948/1152.777
=0.56034081

Wacoal Holdings's gross margin of this year was 0.57305181. Wacoal Holdings's gross margin of last year was 0.56034081. ==> 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)
=1133.093/1826.026
=0.62052402

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1152.777/1962.567
=0.58738224

Wacoal Holdings's asset turnover of this year was 0.62052402. Wacoal Holdings's asset turnover of last year was 0.58738224. ==> 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+0+1+1+1+1
=7

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

Wacoal Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Wacoal Holdings (WACLF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wacoal Holdings and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Wacoal Holdings' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Wacoal Holdings ranks #96 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9.1%.
Is Wacoal Holdings' Piotroski F-Score too high?
Wacoal Holdings' current Piotroski F-Score of 7 is 17% above 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 7.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Wacoal Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Wacoal Holdings ranks #96 out of 1055 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Wacoal Holdings has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Wacoal Holdings' Piotroski F-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Wacoal Holdings ranks #96 out of 1055 companies for Piotroski F-Score. This places Wacoal Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wacoal Holdings' value of 7 is 40% above this benchmark. Historically, Wacoal Holdings' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Wacoal 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,055 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. Wacoal Holdings's current Piotroski F-Score of 7 is 40% 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 Wacoal Holdings and its competitors. For the Manufacturing - Apparel & Accessories 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. Wacoal Holdings's current Piotroski F-Score is 7, which is 17% above 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 Wacoal Holdings stock overvalued right now?
Wacoal Holdings (WACLF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $16.25, compared to a current price of $15.00 — trading 7.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Manufacturing - Apparel & Accessories industry median of 5.00. Wacoal Holdings' overall GF Score™ is 69/100 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 Wacoal Holdings (WACLF), the current Piotroski F-Score is 7 as of Jun. 25, 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 Wacoal Holdings (WACLF) Overvalued in 2026?

Based on GuruFocus' analysis, Wacoal Holdings stock appears to be undervalued. The current stock price of $15.00 is trading 7.7% below its estimated GF Value™ of $16.25.

Key valuation signals for WACLF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $16.25 vs. price of $15.00 (7.7% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 40% above the Manufacturing - Apparel & Accessories median (#96 of 1055)

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


Wacoal Holdings Business Description

Address 29, Nakajima-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8530
Wacoal Holdings Corp primarily manufactures and sells women's intimate apparel under the Wacoal brand. Roughly three fourths of its sales are from women's foundation garments and lingerie, which includes brassieres, girdles, slips, and women's briefs. Other innerwear includes nightwear, hosiery, and children's underwear. Remaining sales consist of outerwear and sportswear, textile products, and nonapparel businesses. Wacoal sells most of its apparel wholesale to department stores and other retailers. Less than a fourth of its apparel sales are direct to the customer via its retail stores, catalog sales, and internet orders. The vast majority of Wacoal's sales are in Japan. It also has sales in China, Europe, and the United States.
69GF Score

Get the complete analysis for WACLF

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

$15.00
Price
$16.25
GF Value