Nintendo Co (FRA:NTO) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 14% Below Median


FRA:NTO Nintendo Co Ltd FRA:NTO
71 GF Score
Price €37.50
GF Value €66.80
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nintendo Co Piotroski F-Score?

Nintendo Co FRA:NTO -0.52% 71 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates FRA:NTO with a GF Score™ of 71/100 and a GF Value™ of €66.80 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 550 Interactive Media companies, Nintendo Co ranks better than 78.55% 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

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

FRA:NTO' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nintendo Co was 8. The lowest was 4. And the median was 7.

Nintendo Co  (FRA:NTO) 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.


Nintendo Co Piotroski F-Score Related Terms


Nintendo Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nintendo 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.

Nintendo Co Piotroski F-Score Chart

Nintendo 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 6.00 5.00 7.00 4.00 6.00

Nintendo 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 4.00 0.00 0.00 0.00 6.00

FRA:NTO vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Nintendo 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.


Nintendo Co Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Nintendo Co's Piotroski F-Score distribution charts can be found below:

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


FRA:NTO
71GF Score
Nintendo Co Ltd FRA:NTO
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 €2,312 Mil.
Cash Flow from Operations was €1,580 Mil.
Revenue was €12,609 Mil.
Gross Profit was €4,955 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (21090.011 + 20743.25) / 2 = €20916.6305 Mil.
Total Assets at the begining of this year (Mar25) was €21,090 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €16,407 Mil.
Total Current Liabilities was €4,144 Mil.
Net Income was €1,730 Mil.

Revenue was €7,229 Mil.
Gross Profit was €4,407 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (19351.953 + 21090.011) / 2 = €20220.982 Mil.
Total Assets at the begining of last year (Mar24) was €19,352 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €17,080 Mil.
Total Current Liabilities was €3,709 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.

Nintendo Co's current Net Income (TTM) was 2,312. ==> 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.

Nintendo Co's current Cash Flow from Operations (TTM) was 1,580. ==> 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)
=2311.584/21090.011
=0.10960563

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1730.174/19351.953
=0.08940565

Nintendo Co's return on assets of this year was 0.10960563. Nintendo Co's return on assets of last year was 0.08940565. ==> 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.

Nintendo Co's current Net Income (TTM) was 2,312. Nintendo Co's current Cash Flow from Operations (TTM) was 1,580. ==> 1,580 <= 2,312 ==> 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
=0/20916.6305
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/20220.982
=0

Nintendo Co's gearing of this year was 0. Nintendo Co's gearing of last year was 0. ==> 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
=16406.723/4143.665
=3.95947139

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=17080.146/3708.785
=4.60532115

Nintendo Co's current ratio of this year was 3.95947139. Nintendo Co's current ratio of last year was 4.60532115. ==> 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.

Nintendo Co's number of shares in issue this year was 1163.359. Nintendo Co's number of shares in issue last year was 1164.245. ==> 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
=4954.837/12608.741
=0.39296842

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4407.057/7229.104
=0.609627

Nintendo Co's gross margin of this year was 0.39296842. Nintendo Co's gross margin of last year was 0.609627. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=12608.741/21090.011
=0.59785369

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7229.104/19351.953
=0.3735594

Nintendo Co's asset turnover of this year was 0.59785369. Nintendo Co's asset turnover of last year was 0.3735594. ==> 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+1+0+1
=6

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

Nintendo 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?
Nintendo Co (FRA:NTO) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nintendo Co and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Nintendo Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nintendo Co ranks #118 out of 550 companies in the Interactive Media industry, placing it in the top 21.5%.
Is Nintendo Co's Piotroski F-Score too high?
Nintendo 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 4.00 to a high of 8.00. The Interactive Media industry median Piotroski F-Score is 5.00. Nintendo Co's value of 6 is 20% above this industry median. Based on the distribution chart, Nintendo Co ranks #118 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Nintendo Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nintendo Co's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Nintendo Co ranks #118 out of 550 companies for Piotroski F-Score. This places Nintendo Co in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nintendo Co's value of 6 is 20% above this benchmark. Historically, Nintendo Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Nintendo 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Nintendo 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 Nintendo Co and its competitors. For the Interactive Media 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. Nintendo 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 Nintendo Co stock overvalued right now?
Based on GuruFocus' analysis, Nintendo Co (FRA:NTO) is currently considered Possible Value Trap. The stock's GF Value™ is €66.80, compared to a current price of €37.50 — trading 43.9% below 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 Interactive Media industry median of 5.00. Nintendo Co's overall GF Score™ is 71/100 with 4 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 Nintendo Co (FRA:NTO), the current Piotroski F-Score is 6 as of Jun. 24, 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 Nintendo Co (FRA:NTO) Overvalued in 2026?

Based on GuruFocus' analysis, Nintendo Co stock appears to be undervalued. The current stock price of €37.50 is trading 43.9% below its estimated GF Value™ of €66.80. GuruFocus considers Nintendo Co to be Possible Value Trap.

Key valuation signals for FRA:NTO:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: €66.80 vs. price of €37.50 (43.9% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 20% above the Interactive Media median (#118 of 550)

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


Nintendo Co Business Description

Address 11-1 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8501
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
71GF Score

Get the complete analysis for FRA:NTO

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

€37.50
Price
€66.80
GF Value