Coca-Cola Bottlers Japan HoldingsCCOJF 47 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates CCOJF with a GF Score™ of 47/100 and a GF Value™ of $8.29. The stock has 5 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, Coca-Cola Bottlers Japan Holdings ranks worse than 50.89% 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
Coca-Cola Bottlers Japan Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Coca-Cola Bottlers Japan Holdings's Piotroski F-Score or its related term are showing as below:
CCOJF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Coca-Cola Bottlers Japan Holdings was 8. The lowest was 3. And the median was 5.
Coca-Cola Bottlers Japan Holdings (OTCPK:CCOJF) 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.
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.
Coca-Cola Bottlers Japan Holdings Piotroski F-Score Related Terms
Coca-Cola Bottlers Japan Holdings Piotroski F-Score Historical Data
* 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.
Coca-Cola Bottlers Japan Holdings Piotroski F-Score Chart
CCOJF vs KO, PEP, MNST: Piotroski F-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Bottlers Japan 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.
Coca-Cola Bottlers Japan Holdings Piotroski F-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Bottlers Japan Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Coca-Cola Bottlers Japan 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.
Coca-Cola Bottlers Japan Holdings's current Net Income (TTM) was -314.
==> 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.
Coca-Cola Bottlers Japan Holdings's current Cash Flow from Operations (TTM) was 285.
==> 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.
Coca-Cola Bottlers Japan Holdings's return on assets of this year was -0.06139823. Coca-Cola Bottlers Japan Holdings's return on assets of last year was 0.00500023.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Coca-Cola Bottlers Japan Holdings's gearing of this year was 0.08522438. Coca-Cola Bottlers Japan Holdings's gearing of last year was 0.15703467.
==> 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
Coca-Cola Bottlers Japan Holdings's current ratio of this year was 1.22062839. Coca-Cola Bottlers Japan Holdings's current ratio of last year was 1.76960254.
==> 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.
Coca-Cola Bottlers Japan Holdings's number of shares in issue this year was 164.643. Coca-Cola Bottlers Japan Holdings's number of shares in issue last year was 176.002.
==> 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.
Coca-Cola Bottlers Japan Holdings's gross margin of this year was 0.44822555. Coca-Cola Bottlers Japan Holdings's gross margin of last year was 0.45123903.
==> 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
Coca-Cola Bottlers Japan Holdings's asset turnover of this year was 1.16527669. Coca-Cola Bottlers Japan Holdings's asset turnover of last year was 1.07486582.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Coca-Cola Bottlers Japan Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Coca-Cola Bottlers Japan Holdings (CCOJF) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Coca-Cola Bottlers Japan Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Coca-Cola Bottlers Japan Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Coca-Cola Bottlers Japan Holdings ranks #57 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 50.9%.
Is Coca-Cola Bottlers Japan Holdings' Piotroski F-Score too high?
Coca-Cola Bottlers Japan Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. Coca-Cola Bottlers Japan Holdings' value of 5 is 9.1% below this industry median. Based on the distribution chart, Coca-Cola Bottlers Japan Holdings ranks #57 out of 112 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Coca-Cola Bottlers Japan Holdings has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola Bottlers Japan Holdings' Piotroski F-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola Bottlers Japan Holdings ranks #57 out of 112 companies for Piotroski F-Score. This places Coca-Cola Bottlers Japan Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.50. Coca-Cola Bottlers Japan Holdings' value of 5 is 9.1% below this benchmark. Historically, Coca-Cola Bottlers Japan Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.50, Coca-Cola Bottlers Japan Holdings 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. Coca-Cola Bottlers Japan Holdings's current Piotroski F-Score of 5 is 9.1% 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 Coca-Cola Bottlers Japan Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola Bottlers Japan Holdings's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola Bottlers Japan Holdings stock overvalued right now?
Coca-Cola Bottlers Japan Holdings (CCOJF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $8.29, compared to a current price of $12.88 — trading 55.4% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 9.1% below the Beverages - Non-Alcoholic industry median of 5.50. Coca-Cola Bottlers Japan Holdings' overall GF Score™ is 47/100 with 5 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 Coca-Cola Bottlers Japan Holdings (CCOJF), the current Piotroski F-Score is 5 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 Coca-Cola Bottlers Japan Holdings (CCOJF) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola Bottlers Japan Holdings stock appears to be overvalued.
The current stock price of $12.88 is trading 55.4% above its estimated GF Value™ of $8.29.
Key valuation signals for CCOJF:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $8.29 vs. price of $12.88 (55.4% above fair value)
Industry Position: 9.1% below the Beverages - Non-Alcoholic median (#57 of 112)
No single metric tells the full story. See the CCOJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola Bottlers Japan Holdings Business Description
Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer that operates through licensing agreements with The Coca-Cola Company, based in the United States. The company operates through a single segment, the Beverage business, which is engaged in manufacturing and selling carbonated beverages such as Coca-Cola, coffee drinks, tea-based beverages, mineral water, alcohol, etc., in Japan.
47GF Score
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