Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Chubu-Nippon Broadcasting CoNGO:9402 +0.23%56 Piotroski F-Score is 8 as of Jul. 15, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates NGO:9402 with a GF Score™ of 56/100 and a GF Value™ of 円730.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,005 Media - Diversified companies, Chubu-Nippon Broadcasting Co ranks better than 98.51% 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
Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting Co's Piotroski F-Score or its related term are showing as below:
NGO:9402'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Chubu-Nippon Broadcasting Co was 8. The lowest was 5. And the median was 7.
Chubu-Nippon Broadcasting Co (NGO:9402) 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.
Chubu-Nippon Broadcasting Co Piotroski F-Score Related Terms
Chubu-Nippon Broadcasting Co Piotroski F-Score Historical Data
* 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.
Chubu-Nippon Broadcasting Co Piotroski F-Score Chart
For the Broadcasting subindustry, Chubu-Nippon Broadcasting 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.
Chubu-Nippon Broadcasting Co Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Chubu-Nippon Broadcasting Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Chubu-Nippon Broadcasting 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.
Chubu-Nippon Broadcasting Co's current Net Income (TTM) was 1,836.
==> 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.
Chubu-Nippon Broadcasting Co's current Cash Flow from Operations (TTM) was 3,598.
==> 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.
Chubu-Nippon Broadcasting Co's return on assets of this year was 0.02067987. Chubu-Nippon Broadcasting Co's return on assets of last year was 0.01533498.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Chubu-Nippon Broadcasting Co's gearing of this year was 0. Chubu-Nippon Broadcasting 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
Chubu-Nippon Broadcasting Co's current ratio of this year was 3.31150511. Chubu-Nippon Broadcasting Co's current ratio of last year was 3.87923194.
==> 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.
Chubu-Nippon Broadcasting Co's number of shares in issue this year was 26.371. Chubu-Nippon Broadcasting Co's number of shares in issue last year was 26.398.
==> 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.
Chubu-Nippon Broadcasting Co's gross margin of this year was 0.4445939. Chubu-Nippon Broadcasting Co's gross margin of last year was 0.43173354.
==> 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
Chubu-Nippon Broadcasting Co's asset turnover of this year was 0.39357077. Chubu-Nippon Broadcasting Co's asset turnover of last year was 0.38361657.
==> 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
Chubu-Nippon Broadcasting Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Chubu-Nippon Broadcasting Co (NGO:9402) has a Piotroski F-Score of 8 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chubu-Nippon Broadcasting Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Chubu-Nippon Broadcasting Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Chubu-Nippon Broadcasting Co ranks #15 out of 1005 companies in the Media - Diversified industry, placing it in the top 1.5%.
Is Chubu-Nippon Broadcasting Co's Piotroski F-Score too high?
Chubu-Nippon Broadcasting Co's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Chubu-Nippon Broadcasting Co's value of 8 is 60% above this industry median. Based on the distribution chart, Chubu-Nippon Broadcasting Co ranks #15 out of 1005 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Chubu-Nippon Broadcasting Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chubu-Nippon Broadcasting Co's Piotroski F-Score compare to NXST?
According to the Media - Diversified industry distribution chart, Chubu-Nippon Broadcasting Co ranks #15 out of 1005 companies for Piotroski F-Score. This places Chubu-Nippon Broadcasting Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Chubu-Nippon Broadcasting Co's value of 8 is 60% above this benchmark. Historically, Chubu-Nippon Broadcasting Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Chubu-Nippon Broadcasting 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,005 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. Chubu-Nippon Broadcasting 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 Chubu-Nippon Broadcasting Co and its competitors. For the Media - Diversified 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. Chubu-Nippon Broadcasting Co's current Piotroski F-Score is 8, which is 14% above 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 Chubu-Nippon Broadcasting Co stock overvalued right now?
Based on GuruFocus' analysis, Chubu-Nippon Broadcasting Co (NGO:9402) is currently considered Significantly Overvalued. The stock's GF Value™ is 円730.69, compared to a current price of 円1,298.00 — trading 77.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Media - Diversified industry median of 5.00. Chubu-Nippon Broadcasting Co's overall GF Score™ is 56/100 with 6 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 Chubu-Nippon Broadcasting Co (NGO:9402), the current Piotroski F-Score is 8 as of Jul. 15, 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 Chubu-Nippon Broadcasting Co (NGO:9402) Overvalued in 2026?
Based on GuruFocus' analysis, Chubu-Nippon Broadcasting Co stock appears to be overvalued.
The current stock price of 円1,298.00 is trading 77.6% above its estimated GF Value™ of 円730.69.
GuruFocus considers Chubu-Nippon Broadcasting Co to be Significantly Overvalued.
Key valuation signals for NGO:9402:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: 円730.69 vs. price of 円1,298.00 (77.6% above fair value)
Industry Position: 60% above the Media - Diversified median (#15 of 1005)
No single metric tells the full story. See the NGO:9402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NGO:9402 has been successfully added to your 
