Nippon SteelNISTF -1.19%70 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates NISTF with a GF Score™ of 70/100 and a GF Value™ of $4.46 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 625 Steel companies, Nippon Steel ranks worse than 93.76% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nippon Steel has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Nippon Steel's Piotroski F-Score or its related term are showing as below:
NISTF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 13 years, the highest Piotroski F-Score of Nippon Steel was 7. The lowest was 2. And the median was 5.
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.
Nippon Steel Piotroski F-Score Related Terms
Nippon Steel Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nippon Steel'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.
NISTF vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Nippon Steel'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.
Nippon Steel Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nippon Steel'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.
Net Income was 998.093 + 600.109 + 771.905 + -79.499 = $2,291 Mil.
Revenue was 13882.611 + 15307.204 + 14125.884 + 14377.18 = $57,693 Mil. Gross Profit was 2280.59 + 2271.57 + 2272.455 + 2263.36 = $9,088 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(71517.335 + 70723.844 + 78354.317 + 71673.121 + 73410.936) / 5 = $73135.9106 Mil. Total Assets at the begining of last year (Mar24) was $71,517 Mil. Long-Term Debt & Capital Lease Obligation was $13,646 Mil. Total Current Assets was $30,515 Mil. Total Current Liabilities was $15,668 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.
Nippon Steel's current Net Income (TTM) was 33.
==> 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.
Nippon Steel's return on assets of this year was 0.00044292. Nippon Steel's return on assets of last year was 0.03202871.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nippon Steel's gearing of this year was 0.32774303. Nippon Steel's gearing of last year was 0.18658284.
==> 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
Nippon Steel's current ratio of this year was 1.77939077. Nippon Steel's current ratio of last year was 1.94755576.
==> 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.
Nippon Steel's number of shares in issue this year was 5226.428. Nippon Steel's number of shares in issue last year was 5224.791.
==> 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.
Nippon Steel's gross margin of this year was 0.14349965. Nippon Steel's gross margin of last year was 0.15752334.
==> 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
Nippon Steel's asset turnover of this year was 0.90130729. Nippon Steel's asset turnover of last year was 0.80669783.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nippon Steel has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Nippon Steel (NISTF) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Steel and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Nippon Steel's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Nippon Steel ranks #586 out of 625 companies in the Steel industry, placing it in the top 93.8%.
Is Nippon Steel's Piotroski F-Score too high?
Nippon Steel's current Piotroski F-Score of 2 is 60% below 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 7.00. The Steel industry median Piotroski F-Score is 5.00. Nippon Steel's value of 2 is 60% below this industry median. Based on the distribution chart, Nippon Steel ranks #586 out of 625 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Nippon Steel has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Steel ranks #586 out of 625 companies for Piotroski F-Score. This places Nippon Steel in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nippon Steel's value of 2 is 60% below this benchmark. Historically, Nippon Steel's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nippon Steel has consistently been below 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 625 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. Nippon Steel's current Piotroski F-Score of 2 is 60% below 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 Nippon Steel and its competitors. For the Steel 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. Nippon Steel's current Piotroski F-Score is 2, which is 60% below 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 Nippon Steel stock overvalued right now?
Based on GuruFocus' analysis, Nippon Steel (NISTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.46, compared to a current price of $3.33 — trading 25.3% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Steel industry median of 5.00. Nippon Steel's overall GF Score™ is 70/100 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 Nippon Steel (NISTF), the current Piotroski F-Score is 2 as of Jun. 25, 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 Nippon Steel (NISTF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued.
The current stock price of $3.33 is trading 25.3% below its estimated GF Value™ of $4.46.
GuruFocus considers Nippon Steel to be Modestly Undervalued.
Key valuation signals for NISTF:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: $4.46 vs. price of $3.33 (25.3% below fair value)
Industry Position: 60% below the Steel median (#586 of 625)
No single metric tells the full story. See the NISTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Steel Corp is mainly engaged in the steel manufacturing business, engineering business, chemical & material business, and system solution business. The company operates through four business segments. The Chemicals & Materials segment manufactures and sells coal chemicals, petrochemicals, electronic materials, semiconductors, carbon fibers, composites, and processed metal products. The Engineering segment handles industrial machinery, steel structures, construction contracting, waste disposal, recycling, and energy supply. The Steel segment focuses on the production and sale of steel products. The System Solutions segment provides IT consulting, outsourcing, and related services. It generates the majority of its revenue from the Steel segment.
70GF Score
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