DTNHF (Doutor Nichires Holdings Co) Piotroski F-Score: 8 (As of Jul. 12, 2026) — 60% Above Median


DTNHF Doutor Nichires Holdings Co Ltd DTNHF
61 GF Score
Price $16.00
GF Value $15.07
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Doutor Nichires Holdings Co Piotroski F-Score?

Doutor Nichires Holdings Co DTNHF 61 Piotroski F-Score is 8 as of Jul. 12, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates DTNHF with a GF Score™ of 61/100 and a GF Value™ of $15.07 (Fairly Valued). The stock has 3 warning signs investors should review. Among 355 Restaurants companies, Doutor Nichires Holdings Co ranks better than 96.34% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Doutor Nichires Holdings Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

DTNHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Doutor Nichires Holdings Co was 8. The lowest was 2. And the median was 5.

Doutor Nichires Holdings Co  (OTCPK:DTNHF) 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.


Doutor Nichires Holdings Co Piotroski F-Score Related Terms


Doutor Nichires Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Doutor Nichires Holdings 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.

Doutor Nichires Holdings Co Piotroski F-Score Chart

Doutor Nichires Holdings Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 7.00 8.00 0.00

Doutor Nichires Holdings Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 8.00 0.00 0.00 0.00 0.00

DTNHF vs MCD, SBUX, YUM: Piotroski F-Score Comparison

For the Restaurants subindustry, Doutor Nichires Holdings 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.


Doutor Nichires Holdings Co Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Doutor Nichires Holdings Co's Piotroski F-Score distribution charts can be found below:

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


DTNHF
61GF Score
Doutor Nichires Holdings Co Ltd DTNHF
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 (Feb25) TTM:Last Year (Feb24) TTM:
Net Income was $45 Mil.
Cash Flow from Operations was $81 Mil.
Revenue was $982 Mil.
Gross Profit was $591 Mil.
Average Total Assets from the begining of this year (Feb24)
to the end of this year (Feb25) was (854.112 + 885.601) / 2 = $869.8565 Mil.
Total Assets at the begining of this year (Feb24) was $854 Mil.
Long-Term Debt & Capital Lease Obligation was $10 Mil.
Total Current Assets was $388 Mil.
Total Current Liabilities was $139 Mil.
Net Income was $37 Mil.

Revenue was $940 Mil.
Gross Profit was $563 Mil.
Average Total Assets from the begining of last year (Feb23)
to the end of last year (Feb24) was (909.728 + 854.112) / 2 = $881.92 Mil.
Total Assets at the begining of last year (Feb23) was $910 Mil.
Long-Term Debt & Capital Lease Obligation was $12 Mil.
Total Current Assets was $364 Mil.
Total Current Liabilities was $130 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.

Doutor Nichires Holdings Co's current Net Income (TTM) was 45. ==> 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.

Doutor Nichires Holdings Co's current Cash Flow from Operations (TTM) was 81. ==> 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 (Feb24)
=45.391/854.112
=0.05314408

ROA (Last Year)=Net Income/Total Assets (Feb23)
=36.701/909.728
=0.04034283

Doutor Nichires Holdings Co's return on assets of this year was 0.05314408. Doutor Nichires Holdings Co's return on assets of last year was 0.04034283. ==> 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.

Doutor Nichires Holdings Co's current Net Income (TTM) was 45. Doutor Nichires Holdings Co's current Cash Flow from Operations (TTM) was 81. ==> 81 > 45 ==> CFROA > ROA ==> Score 1.

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: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=10.002/869.8565
=0.01149845

Gearing (Last Year: Feb24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb23 to Feb24
=12.245/881.92
=0.01388448

Doutor Nichires Holdings Co's gearing of this year was 0.01149845. Doutor Nichires Holdings Co's gearing of last year was 0.01388448. ==> 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: Feb25)=Total Current Assets/Total Current Liabilities
=387.883/139.103
=2.78845891

Current Ratio (Last Year: Feb24)=Total Current Assets/Total Current Liabilities
=364.028/129.733
=2.80597843

Doutor Nichires Holdings Co's current ratio of this year was 2.78845891. Doutor Nichires Holdings Co's current ratio of last year was 2.80597843. ==> 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.

Doutor Nichires Holdings Co's number of shares in issue this year was 43.836. Doutor Nichires Holdings Co's number of shares in issue last year was 43.972. ==> 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
=591.278/981.859
=0.60220256

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=562.704/939.912
=0.59867732

Doutor Nichires Holdings Co's gross margin of this year was 0.60220256. Doutor Nichires Holdings Co's gross margin of last year was 0.59867732. ==> 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 (Feb24)
=981.859/854.112
=1.14956704

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb23)
=939.912/909.728
=1.03317915

Doutor Nichires Holdings Co's asset turnover of this year was 1.14956704. Doutor Nichires Holdings Co's asset turnover of last year was 1.03317915. ==> 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+1+1+0+1+1+1
=8

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

Doutor Nichires Holdings Co has an F-score of 8. 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 8 mean?
Doutor Nichires Holdings Co (DTNHF) has a Piotroski F-Score of 8 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Doutor Nichires Holdings Co and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Doutor Nichires Holdings Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Doutor Nichires Holdings Co ranks #13 out of 355 companies in the Restaurants industry, placing it in the top 3.7%.
Is Doutor Nichires Holdings Co's Piotroski F-Score too high?
Doutor Nichires Holdings Co's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 5.00. Doutor Nichires Holdings Co's value of 8 is 60% above this industry median. Based on the distribution chart, Doutor Nichires Holdings Co ranks #13 out of 355 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Doutor Nichires Holdings Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Doutor Nichires Holdings Co's Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Doutor Nichires Holdings Co ranks #13 out of 355 companies for Piotroski F-Score. This places Doutor Nichires Holdings Co in the top 4% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Doutor Nichires Holdings Co's value of 8 is 60% above this benchmark. Historically, Doutor Nichires Holdings Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Doutor Nichires Holdings 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 355 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. Doutor Nichires Holdings Co's current Piotroski F-Score of 8 is 60% 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 Doutor Nichires Holdings Co and its competitors. For the Restaurants 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. Doutor Nichires Holdings Co's current Piotroski F-Score is 8, which is 60% above 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 Doutor Nichires Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Doutor Nichires Holdings Co (DTNHF) is currently considered Fairly Valued. The stock's GF Value™ is $15.07, compared to a current price of $16.00 — trading 6.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Restaurants industry median of 5.00. Doutor Nichires Holdings Co's overall GF Score™ is 61/100 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 Doutor Nichires Holdings Co (DTNHF), the current Piotroski F-Score is 8 as of Jul. 12, 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 Doutor Nichires Holdings Co (DTNHF) Overvalued in 2026?

Based on GuruFocus' analysis, Doutor Nichires Holdings Co stock appears to be overvalued. The current stock price of $16.00 is trading 6.2% above its estimated GF Value™ of $15.07. GuruFocus considers Doutor Nichires Holdings Co to be Fairly Valued.

Key valuation signals for DTNHF:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: $15.07 vs. price of $16.00 (6.2% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 60% above the Restaurants median (#13 of 355)

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


Doutor Nichires Holdings Co Business Description

Other Exchanges 3087:Japan
Address 11 No. 10 No. Sarugakucho, Shibuya, Tokyo, JPN, 150-0033
Doutor Nichires Holdings Co Ltd operate restaurants & coffee shops, manufactures bread & confectionery products, roasts coffee, imports & exports food, & manages franchise chains. The company's coffee shops & restaurants operate mainly in Japan under dozens of brand names that specialized in specific coffee and food types in the following categories: Italian coffee & sandwiches, Italian pasta, American food & coffee, Hawaiian coffee, & many others. Its business segments are: Restaurant System Group, which mainly operates restaurant chains with directly managed stores & the handling of ingredients. The Doutor Coffee Group operates coffee chains through its own stores & franchise system. Other refers to retail & wholesale business activities related to the food service industry.
61GF Score

Get the complete analysis for DTNHF

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

$16.00
Price
$15.07
GF Value