Nisshinbo HoldingsFRA:NBO -0.75%62 Piotroski F-Score is 9 as of Jul. 04, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates FRA:NBO with a GF Score™ of 62/100 and a GF Value™ of €5.69 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 557 Conglomerates companies, Nisshinbo Holdings ranks better than 99.82% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Nisshinbo Holdings 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 Nisshinbo Holdings's Piotroski F-Score or its related term are showing as below:
FRA:NBO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Nisshinbo Holdings was 9. The lowest was 3. And the median was 6.
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.
Nisshinbo Holdings Piotroski F-Score Related Terms
Nisshinbo Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nisshinbo 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.
For the Conglomerates subindustry, Nisshinbo 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.
Nisshinbo Holdings Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nisshinbo Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nisshinbo 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.
Nisshinbo Holdings's current Net Income (TTM) was 76.
==> 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.
Nisshinbo Holdings's return on assets of this year was 0.01805611. Nisshinbo Holdings's return on assets of last year was 0.01484163.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nisshinbo Holdings's gearing of this year was 0.16196696. Nisshinbo Holdings's gearing of last year was 0.18966039.
==> 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
Nisshinbo Holdings's current ratio of this year was 2.03658598. Nisshinbo Holdings's current ratio of last year was 1.86602624.
==> 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.
Nisshinbo Holdings's number of shares in issue this year was 156.291. Nisshinbo Holdings's number of shares in issue last year was 157.148.
==> 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.
Nisshinbo Holdings's gross margin of this year was 0.23400544. Nisshinbo Holdings's gross margin of last year was 0.22098613.
==> 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
Nisshinbo Holdings's asset turnover of this year was 0.65159792. Nisshinbo Holdings's asset turnover of last year was 0.71448904.
==> 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
Nisshinbo Holdings has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Nisshinbo Holdings (FRA:NBO) has a Piotroski F-Score of 9 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nisshinbo Holdings and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Nisshinbo Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Nisshinbo Holdings ranks #1 out of 557 companies in the Conglomerates industry, placing it in the top 0.2%.
Is Nisshinbo Holdings' Piotroski F-Score too high?
Nisshinbo Holdings' current Piotroski F-Score of 9 is 50% above 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 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. Nisshinbo Holdings' value of 9 is 80% above this industry median. Based on the distribution chart, Nisshinbo Holdings ranks #1 out of 557 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Nisshinbo Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nisshinbo Holdings' Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nisshinbo Holdings ranks #1 out of 557 companies for Piotroski F-Score. This places Nisshinbo Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nisshinbo Holdings' value of 9 is 80% above this benchmark. Historically, Nisshinbo Holdings' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nisshinbo 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 557 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. Nisshinbo Holdings's current Piotroski F-Score of 9 is 80% 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 Nisshinbo Holdings and its competitors. For the Conglomerates 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. Nisshinbo Holdings's current Piotroski F-Score is 9, which is 50% 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 Nisshinbo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nisshinbo Holdings (FRA:NBO) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.69, compared to a current price of €13.20 — trading 132% above its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Conglomerates industry median of 5.00. Nisshinbo Holdings' overall GF Score™ is 62/100 with 8 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 Nisshinbo Holdings (FRA:NBO), the current Piotroski F-Score is 9 as of Jul. 04, 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 Nisshinbo Holdings (FRA:NBO) Overvalued in 2026?
Based on GuruFocus' analysis, Nisshinbo Holdings stock appears to be overvalued.
The current stock price of €13.20 is trading 132% above its estimated GF Value™ of €5.69.
GuruFocus considers Nisshinbo Holdings to be Significantly Overvalued.
Key valuation signals for FRA:NBO:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: €5.69 vs. price of €13.20 (132% above fair value)
Industry Position: 80% above the Conglomerates median (#1 of 557)
No single metric tells the full story. See the FRA:NBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nisshinbo Holdings Inc is a Japan-based company that is mainly engaged in electronics, automobile brakes, textiles, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business mainly manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts, and others.
62GF Score
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