WKISF (Workman Co) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 14% Below Median


WKISF Workman Co Ltd WKISF
94 GF Score
Price $40.01
GF Value $35.79
! 2 Warning Signs
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What is Workman Co Piotroski F-Score?

Workman Co WKISF 94 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates WKISF with a GF Score™ of 94/100 and a GF Value™ of $35.79. The stock has 2 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Workman Co ranks better than 91.01% 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

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

WKISF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Workman Co was 8. The lowest was 5. And the median was 7.

Workman Co  (OTCPK:WKISF) 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.


Workman Co Piotroski F-Score Related Terms


Workman Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Workman 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.

Workman Co Piotroski F-Score Chart

Workman 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 7.00 5.00 6.00 6.00 6.00

Workman Co 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 6.00 0.00 0.00 0.00 6.00

WKISF vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Workman 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.


Workman Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Workman Co's Piotroski F-Score distribution charts can be found below:

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


WKISF
94GF Score
Workman Co Ltd WKISF
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 $130 Mil.
Cash Flow from Operations was $119 Mil.
Revenue was $1,014 Mil.
Gross Profit was $384 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1088.378 + 1167.468) / 2 = $1127.923 Mil.
Total Assets at the begining of this year (Mar25) was $1,088 Mil.
Long-Term Debt & Capital Lease Obligation was $2 Mil.
Total Current Assets was $872 Mil.
Total Current Liabilities was $167 Mil.
Net Income was $113 Mil.

Revenue was $919 Mil.
Gross Profit was $343 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (990.278 + 1088.378) / 2 = $1039.328 Mil.
Total Assets at the begining of last year (Mar24) was $990 Mil.
Long-Term Debt & Capital Lease Obligation was $2 Mil.
Total Current Assets was $812 Mil.
Total Current Liabilities was $149 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.

Workman Co's current Net Income (TTM) was 130. ==> 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.

Workman Co's current Cash Flow from Operations (TTM) was 119. ==> 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)
=129.932/1088.378
=0.11938132

ROA (Last Year)=Net Income/Total Assets (Mar24)
=113.325/990.278
=0.11443756

Workman Co's return on assets of this year was 0.11938132. Workman Co's return on assets of last year was 0.11443756. ==> 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.

Workman Co's current Net Income (TTM) was 130. Workman Co's current Cash Flow from Operations (TTM) was 119. ==> 119 <= 130 ==> 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
=1.544/1127.923
=0.00136889

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.308/1039.328
=0.00222067

Workman Co's gearing of this year was 0.00136889. Workman Co's gearing of last year was 0.00222067. ==> 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
=872.433/166.71
=5.23323736

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=812.21/148.567
=5.46696103

Workman Co's current ratio of this year was 5.23323736. Workman Co's current ratio of last year was 5.46696103. ==> 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.

Workman Co's number of shares in issue this year was 81.612. Workman Co's number of shares in issue last year was 81.61. ==> 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
=384.327/1013.664
=0.37914634

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=343.236/918.658
=0.37362762

Workman Co's gross margin of this year was 0.37914634. Workman Co's gross margin of last year was 0.37362762. ==> 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)
=1013.664/1088.378
=0.93135289

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=918.658/990.278
=0.92767687

Workman Co's asset turnover of this year was 0.93135289. Workman Co's asset turnover of last year was 0.92767687. ==> 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

Workman 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?
Workman Co (WKISF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Workman Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Workman Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Workman Co ranks #99 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 9%.
Is Workman Co's Piotroski F-Score too high?
Workman Co's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Workman Co's value of 6 is 20% above this industry median. Based on the distribution chart, Workman Co ranks #99 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Workman Co has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Workman Co's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Workman Co ranks #99 out of 1101 companies for Piotroski F-Score. This places Workman Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Workman Co's value of 6 is 20% above this benchmark. Historically, Workman Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Workman 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Workman 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 Workman Co and its competitors. For the Retail - Cyclical 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. Workman Co's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Workman Co stock overvalued right now?
Workman Co (WKISF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $35.79, compared to a current price of $40.01 — trading 11.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Retail - Cyclical industry median of 5.00. Workman Co's overall GF Score™ is 94/100 with 2 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 Workman Co (WKISF), the current Piotroski F-Score is 6 as of Jun. 26, 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 Workman Co (WKISF) Overvalued in 2026?

Based on GuruFocus' analysis, Workman Co stock appears to be overvalued. The current stock price of $40.01 is trading 11.8% above its estimated GF Value™ of $35.79.

Key valuation signals for WKISF:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $35.79 vs. price of $40.01 (11.8% above fair value)
  • GF Score™: 94/100 with 2 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#99 of 1101)

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


Workman Co Business Description

Other Exchanges 7564:Japan
Address 4-8-1 Higashi Ueno, Tixtower UENO, Taito-ku, Tokyo, JPN, 110 0015
Workman Co Ltd is a Japan based company engaged in operating franchise stores and directly-operated stores providing working wear, casual wear, family clothing, footwear and working-related items. The company provides family clothing, including inner wears, socks, soldier socks, hats, towels and aprons; casual wear, including polo shirts, T-shirts, high neck shirts and blouses; working wear, including working jumpers, working pants, boiler suits and tobifuku; footwear, including safety shoes, safety sneakers, rubber-soled socks, boots and cloth shoes.
94GF Score

Get the complete analysis for WKISF

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

$40.01
Price
$35.79
GF Value