Nissan ChemicalNNCHF 95 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 13% below its 10-year median of 8.00. GuruFocus rates NNCHF with a GF Score™ of 95/100 and a GF Value™ of $29.37. The stock has 5 warning signs investors should review. Among 1,567 Chemicals companies, Nissan Chemical ranks better than 90.36% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Nissan Chemical has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Nissan Chemical's Piotroski F-Score or its related term are showing as below:
NNCHF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 8 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Nissan Chemical was 8. The lowest was 4. And the median was 8.
Nissan Chemical (OTCPK:NNCHF) 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.
Nissan Chemical Piotroski F-Score Related Terms
Nissan Chemical Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nissan Chemical'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 Chemicals subindustry, Nissan Chemical'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.
Nissan Chemical Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nissan Chemical's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nissan Chemical'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.
Nissan Chemical's current Net Income (TTM) was 235.
==> 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.
Nissan Chemical's return on assets of this year was 0.10586933. Nissan Chemical's return on assets of last year was 0.13185237.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nissan Chemical's gearing of this year was 0.02940159. Nissan Chemical's gearing of last year was 0.03400782.
==> 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
Nissan Chemical's current ratio of this year was 2.83538582. Nissan Chemical's current ratio of last year was 2.65535629.
==> 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.
Nissan Chemical's number of shares in issue this year was 134.978. Nissan Chemical's number of shares in issue last year was 137.405.
==> 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.
Nissan Chemical's gross margin of this year was 0.48100861. Nissan Chemical's gross margin of last year was 0.46315709.
==> 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
Nissan Chemical's asset turnover of this year was 0.59033144. Nissan Chemical's asset turnover of last year was 0.77336663.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nissan Chemical has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Nissan Chemical (NNCHF) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nissan Chemical and its competitors. This is 13% below median its historical median of 8.00. Over the past decade, Nissan Chemical's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nissan Chemical ranks #151 out of 1567 companies in the Chemicals industry, placing it in the top 9.6%.
Is Nissan Chemical's Piotroski F-Score too high?
Nissan Chemical's current Piotroski F-Score of 7 is 13% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Nissan Chemical's value of 7 is 40% above this industry median. Based on the distribution chart, Nissan Chemical ranks #151 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nissan Chemical has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Nissan Chemical's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Nissan Chemical ranks #151 out of 1567 companies for Piotroski F-Score. This places Nissan Chemical in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nissan Chemical's value of 7 is 40% above this benchmark. Historically, Nissan Chemical'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 8.00 vs. the industry median of 5.00, Nissan Chemical 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Nissan Chemical's current Piotroski F-Score of 7 is 40% 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 Nissan Chemical and its competitors. For the Chemicals 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. Nissan Chemical's current Piotroski F-Score is 7, which is 13% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissan Chemical stock overvalued right now?
Nissan Chemical (NNCHF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $29.37, compared to a current price of $39.41 — trading 34.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 13% below median its 10-year median of 8.00 and 40% above the Chemicals industry median of 5.00. Nissan Chemical's overall GF Score™ is 95/100 with 5 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 Nissan Chemical (NNCHF), the current Piotroski F-Score is 7 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.
Is Nissan Chemical (NNCHF) Overvalued in 2026?
Based on GuruFocus' analysis, Nissan Chemical stock appears to be overvalued.
The current stock price of $39.41 is trading 34.2% above its estimated GF Value™ of $29.37.
Key valuation signals for NNCHF:
Piotroski F-Score: 7 (13% below median its 10-year median of 8.00)
GF Value™: $29.37 vs. price of $39.41 (34.2% above fair value)
Industry Position: 40% above the Chemicals median (#151 of 1567)
No single metric tells the full story. See the NNCHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissan Chemical Corp manufactures and sells chemicals, semiconductors, and pharmaceutical products. The company operates through six segments. The Agricultural Chemicals segment offers pesticides, plant growth regulators, and veterinary drug ingredients. The Chemicals segment provides basic and fine chemicals such as acids, ammonia, epoxies, and flame retardants. The Functional Materials segment supplies display and semiconductor materials, polyimides, abrasives, and surface treatment agents. The Healthcare segment develops pharmaceutical ingredients and offers contract problem-solving services. The Wholesale segment handles chemical product distribution. The Others segment includes fertilizers, landscaping, transportation, plant engineering, and sulfuric acid production.
95GF Score
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