JPPMF (Japan Material Co) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 29% Below Median


What is Japan Material Co Piotroski F-Score?

Japan Material Co JPPMF 95 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates JPPMF with a GF Score™ of 95/100. The stock has 7 warning signs investors should review. Among 1,735 Construction companies, Japan Material Co ranks better than 52.8% 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

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

JPPMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Japan Material Co was 8. The lowest was 2. And the median was 7.

Japan Material Co  (OTCPK:JPPMF) 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.


Japan Material Co Piotroski F-Score Related Terms


Japan Material Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Material 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.

Japan Material Co Piotroski F-Score Chart

Japan Material 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 4.00 7.00 4.00 7.00 5.00

Japan Material 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 7.00 0.00 0.00 0.00 5.00

JPPMF vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Japan Material 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.


Japan Material Co Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Japan Material Co's Piotroski F-Score distribution charts can be found below:

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


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 円10,592.00 Mil.
Cash Flow from Operations was 円9,605.00 Mil.
Revenue was 円57,976.00 Mil.
Gross Profit was 円19,755.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (65702 + 75373) / 2 = 円70537.5 Mil.
Total Assets at the begining of this year (Mar25) was 円65,702.00 Mil.
Long-Term Debt & Capital Lease Obligation was 円158.00 Mil.
Total Current Assets was 円55,882.00 Mil.
Total Current Liabilities was 円10,624.00 Mil.
Net Income was 円7,872.00 Mil.

Revenue was 円52,678.00 Mil.
Gross Profit was 円16,160.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (56427 + 65702) / 2 = 円61064.5 Mil.
Total Assets at the begining of last year (Mar24) was 円56,427.00 Mil.
Long-Term Debt & Capital Lease Obligation was 円105.00 Mil.
Total Current Assets was 円46,990.00 Mil.
Total Current Liabilities was 円9,694.00 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.

Japan Material Co's current Net Income (TTM) was 10,592.00. ==> 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.

Japan Material Co's current Cash Flow from Operations (TTM) was 9,605.00. ==> 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)
=10592/65702
=0.16121275

ROA (Last Year)=Net Income/Total Assets (Mar24)
=7872/56427
=0.13950768

Japan Material Co's return on assets of this year was 0.16121275. Japan Material Co's return on assets of last year was 0.13950768. ==> 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.

Japan Material Co's current Net Income (TTM) was 10,592.00. Japan Material Co's current Cash Flow from Operations (TTM) was 9,605.00. ==> 9,605.00 <= 10,592.00 ==> 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
=158/70537.5
=0.00223994

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=105/61064.5
=0.00171949

Japan Material Co's gearing of this year was 0.00223994. Japan Material Co's gearing of last year was 0.00171949. ==> Last year is lower than this year ==> Score 0.

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
=55882/10624
=5.25997741

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=46990/9694
=4.84732824

Japan Material Co's current ratio of this year was 5.25997741. Japan Material Co's current ratio of last year was 4.84732824. ==> 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.

Japan Material Co's number of shares in issue this year was 102.768. Japan Material Co's number of shares in issue last year was 102.75. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=19755/57976
=0.34074445

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=16160/52678
=0.30676943

Japan Material Co's gross margin of this year was 0.34074445. Japan Material Co's gross margin of last year was 0.30676943. ==> 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 (Mar25)
=57976/65702
=0.88240845

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=52678/56427
=0.93356018

Japan Material Co's asset turnover of this year was 0.88240845. Japan Material Co's asset turnover of last year was 0.93356018. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+0+1+0
=5

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

Japan Material Co has an F-score of 5 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 5 mean?
Japan Material Co (JPPMF) 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 Japan Material Co and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Japan Material Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Japan Material Co ranks #819 out of 1735 companies in the Construction industry, placing it in the top 47.2%.
Is Japan Material Co's Piotroski F-Score too high?
Japan Material Co's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Japan Material Co's value of 5 is 0% at this industry median. Based on the distribution chart, Japan Material Co ranks #819 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Japan Material Co has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Japan Material Co's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Japan Material Co ranks #819 out of 1735 companies for Piotroski F-Score. This puts Japan Material Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Japan Material Co's value of 5 is 0% at this benchmark. Historically, Japan Material 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 7.00 vs. the industry median of 5.00, Japan Material Co has consistently been at 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Japan Material Co's current Piotroski F-Score of 5 is 0% at 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 Japan Material Co and its competitors. For the Construction 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. Japan Material Co's current Piotroski F-Score is 5, which is 29% 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 Japan Material Co stock overvalued right now?
Japan Material Co (JPPMF) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Construction industry median of 5.00. Japan Material Co's overall GF Score™ is 95/100 with 7 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 Japan Material Co (JPPMF), 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.

Japan Material Co Business Description

Other Exchanges 6055:Japan
Address 3098 No. 22 Nagai Komono County, Komono-cho, Mie-gun, Mie, JPN
Japan Material Co Ltd is engaged in manufacturing specialty gas supply devices and providing piping work and other related services. The company operates through two segments namely Electronics and Graphics solutions. Its Electronics segment is involved in the development, manufacture, and sale of gas supply systems for semiconductors and liquid crystal production, and various maintenance services. The Graphics solutions segment import, plan, market, and support multi-monitor compatible graphics products for various systems.