NPPSF (Nippon Sharyo) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


NPPSF Nippon Sharyo Ltd NPPSF
63 GF Score
Price $21.04
GF Value $20.70
Valuation Fairly Valued
! 2 Warning Signs
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What is Nippon Sharyo Piotroski F-Score?

Nippon Sharyo NPPSF 63 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NPPSF with a GF Score™ of 63/100 and a GF Value™ of $20.70 (Fairly Valued). The stock has 2 warning signs investors should review. Among 979 Transportation companies, Nippon Sharyo ranks better than 86.93% 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

Nippon Sharyo 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 Nippon Sharyo's Piotroski F-Score or its related term are showing as below:

NPPSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Nippon Sharyo was 8. The lowest was 3. And the median was 6.

Nippon Sharyo  (OTCPK:NPPSF) 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.


Nippon Sharyo Piotroski F-Score Related Terms


Nippon Sharyo Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nippon Sharyo'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.

Nippon Sharyo Piotroski F-Score Chart

Nippon Sharyo 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 6.00 5.00 6.00 7.00

Nippon Sharyo 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 6.00 0.00 0.00 0.00 7.00

NPPSF vs UNP, CSX, NSC: Piotroski F-Score Comparison

For the Railroads subindustry, Nippon Sharyo'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 Sharyo Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Nippon Sharyo's Piotroski F-Score distribution charts can be found below:

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


NPPSF
63GF Score
Nippon Sharyo Ltd NPPSF
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 $73.5 Mil.
Cash Flow from Operations was $50.4 Mil.
Revenue was $630.0 Mil.
Gross Profit was $123.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (879.955 + 961.441) / 2 = $920.698 Mil.
Total Assets at the begining of this year (Mar25) was $880.0 Mil.
Long-Term Debt & Capital Lease Obligation was $99.3 Mil.
Total Current Assets was $548.3 Mil.
Total Current Liabilities was $294.8 Mil.
Net Income was $43.0 Mil.

Revenue was $646.3 Mil.
Gross Profit was $98.6 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (910.414 + 879.955) / 2 = $895.1845 Mil.
Total Assets at the begining of last year (Mar24) was $910.4 Mil.
Long-Term Debt & Capital Lease Obligation was $219.8 Mil.
Total Current Assets was $497.7 Mil.
Total Current Liabilities was $185.1 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 Sharyo's current Net Income (TTM) was 73.5. ==> 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.

Nippon Sharyo's current Cash Flow from Operations (TTM) was 50.4. ==> 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)
=73.486/879.955
=0.08351109

ROA (Last Year)=Net Income/Total Assets (Mar24)
=43.044/910.414
=0.04727959

Nippon Sharyo's return on assets of this year was 0.08351109. Nippon Sharyo's return on assets of last year was 0.04727959. ==> 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.

Nippon Sharyo's current Net Income (TTM) was 73.5. Nippon Sharyo's current Cash Flow from Operations (TTM) was 50.4. ==> 50.4 <= 73.5 ==> 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
=99.292/920.698
=0.10784427

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=219.841/895.1845
=0.24558178

Nippon Sharyo's gearing of this year was 0.10784427. Nippon Sharyo's gearing of last year was 0.24558178. ==> 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
=548.346/294.79
=1.86012416

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=497.66/185.069
=2.68905111

Nippon Sharyo's current ratio of this year was 1.86012416. Nippon Sharyo's current ratio of last year was 2.68905111. ==> 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 Sharyo's number of shares in issue this year was 14.429. Nippon Sharyo's number of shares in issue last year was 14.43. ==> 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
=123.385/630.006
=0.19584734

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=98.559/646.327
=0.15249092

Nippon Sharyo's gross margin of this year was 0.19584734. Nippon Sharyo's gross margin of last year was 0.15249092. ==> 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)
=630.006/879.955
=0.71595252

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=646.327/910.414
=0.70992647

Nippon Sharyo's asset turnover of this year was 0.71595252. Nippon Sharyo's asset turnover of last year was 0.70992647. ==> 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+1+1
=7

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

Nippon Sharyo has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Nippon Sharyo (NPPSF) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Sharyo and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Nippon Sharyo's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Nippon Sharyo ranks #128 out of 979 companies in the Transportation industry, placing it in the top 13.1%.
Is Nippon Sharyo's Piotroski F-Score too high?
Nippon Sharyo's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Nippon Sharyo's value of 7 is 16.7% above this industry median. Based on the distribution chart, Nippon Sharyo ranks #128 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Sharyo has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Sharyo's Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Nippon Sharyo ranks #128 out of 979 companies for Piotroski F-Score. This places Nippon Sharyo in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Nippon Sharyo's value of 7 is 16.7% above this benchmark. Historically, Nippon Sharyo's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Nippon Sharyo 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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 Sharyo's current Piotroski F-Score of 7 is 16.7% 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 Nippon Sharyo and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Sharyo's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Sharyo stock overvalued right now?
Based on GuruFocus' analysis, Nippon Sharyo (NPPSF) is currently considered Fairly Valued. The stock's GF Value™ is $20.70, compared to a current price of $21.04 — trading 1.6% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Transportation industry median of 6.00. Nippon Sharyo's overall GF Score™ is 63/100 with 2 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 Sharyo (NPPSF), the current Piotroski F-Score is 7 as of Jun. 27, 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 Sharyo (NPPSF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Sharyo stock appears to be overvalued. The current stock price of $21.04 is trading 1.6% above its estimated GF Value™ of $20.70. GuruFocus considers Nippon Sharyo to be Fairly Valued.

Key valuation signals for NPPSF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $20.70 vs. price of $21.04 (1.6% above fair value)
  • GF Score™: 63/100 with 2 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 979)

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


Nippon Sharyo Business Description

Other Exchanges 7102:Japan
Address 1-1,Sanbonmatsu-cho, Atsuta-ku, Nagoya, JPN, 456-8691
Nippon Sharyo Ltd is a Japan-based company engaged in the manufacture of railway rolling stock. The company operates through three segments. Its Railway rolling stock segment consists of manufacture and sales of rolling stock. The Transportation equipment and steel structure segment include production and trade of transportation equipment such as freight cars, tank trucks, heavy-duty industrial vehicles, and roadway and railway bridges. Its Construction equipment segment comprises of pile driving rigs, crawler cranes, casing rotators, portable diesel generator sets and emergency generators.
63GF Score

Get the complete analysis for NPPSF

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

$21.04
Price
$20.70
GF Value