Denka CoDENKF 56 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates DENKF with a GF Score™ of 56/100 and a GF Value™ of $9.54. The stock has 11 warning signs investors should review. Among 1,567 Chemicals companies, Denka Co ranks better than 76.26% 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
Denka 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 Denka Co's Piotroski F-Score or its related term are showing as below:
DENKF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Denka Co was 8. The lowest was 3. And the median was 6.
Denka Co (OTCPK:DENKF) 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.
Denka Co Piotroski F-Score Related Terms
Denka Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Denka 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.
For the Chemicals subindustry, Denka 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.
Denka Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Denka Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Denka Co'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.
Denka Co's current Net Income (TTM) was 99.
==> 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.
Denka Co's return on assets of this year was 0.02249063. Denka Co's return on assets of last year was -0.02006159.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Denka Co's current ratio of this year was 1.40508155. Denka Co's current ratio of last year was 1.17333543.
==> 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.
Denka Co's number of shares in issue this year was 86.193. Denka Co's number of shares in issue last year was 86.176.
==> 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.
Denka Co's gross margin of this year was 0.24530039. Denka Co's gross margin of last year was 0.21135479.
==> 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
Denka Co's asset turnover of this year was 0.55061881. Denka Co's asset turnover of last year was 0.65282209.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Denka Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Denka Co (DENKF) 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 Denka Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Denka Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Denka Co ranks #372 out of 1567 companies in the Chemicals industry, placing it in the top 23.7%.
Is Denka Co's Piotroski F-Score too high?
Denka Co's 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 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Denka Co's value of 6 is 20% above this industry median. Based on the distribution chart, Denka Co ranks #372 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Denka Co has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Denka Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Denka Co ranks #372 out of 1567 companies for Piotroski F-Score. This places Denka Co in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Denka Co's value of 6 is 20% above this benchmark. Historically, Denka Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Denka 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Denka 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 Denka Co and its competitors. For the Chemicals 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. Denka Co'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 Denka Co stock overvalued right now?
Denka Co (DENKF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $9.54, compared to a current price of $28.00 — trading 193.5% above 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 Chemicals industry median of 5.00. Denka Co's overall GF Score™ is 56/100 with 11 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 Denka Co (DENKF), 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 Denka Co (DENKF) Overvalued in 2026?
Based on GuruFocus' analysis, Denka Co stock appears to be overvalued.
The current stock price of $28.00 is trading 193.5% above its estimated GF Value™ of $9.54.
Key valuation signals for DENKF:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: $9.54 vs. price of $28.00 (193.5% above fair value)
Industry Position: 20% above the Chemicals median (#372 of 1567)
No single metric tells the full story. See the DENKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Denka Co Ltd manufactures and sells chemicals, plastics, and chemical-based products. The firm organizes itself into four segments based on product type. The elastomers and performance plastics segment, which generates more revenue than any other segment, sells rubber products used by the automotive industry and plastics used to manufacture electronics including televisions. The infrastructure and social solutions segment sells cement and fertilizer to the construction and building industries. The electronics and innovative products segment sells film, and resins used by the electronics industry. The life science and environment products segment sells housing materials including rain gutters, plastic food packaging materials, and industrial materials including electrical tape.
56GF Score
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