NSEIF (Nippon Seiki Co) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 14% Above Median


NSEIF Nippon Seiki Co Ltd NSEIF
78 GF Score
Price $8.54
GF Value $4.90
! 3 Warning Signs
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What is Nippon Seiki Co Piotroski F-Score?

Nippon Seiki Co NSEIF 78 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates NSEIF with a GF Score™ of 78/100 and a GF Value™ of $4.90. The stock has 3 warning signs investors should review. Among 1,287 Vehicles & Parts companies, Nippon Seiki Co ranks better than 97.75% 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

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

NSEIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Nippon Seiki Co was 9. The lowest was 3. And the median was 7.

Nippon Seiki Co  (OTCPK:NSEIF) 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 Seiki Co Piotroski F-Score Related Terms


Nippon Seiki Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nippon Seiki 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.

Nippon Seiki Co Piotroski F-Score Chart

Nippon Seiki 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 3.00 3.00 9.00 7.00 8.00

Nippon Seiki 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 6.00 8.00 6.00 8.00

NSEIF vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Nippon Seiki 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.


Nippon Seiki Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Seiki Co's Piotroski F-Score distribution charts can be found below:

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


NSEIF
78GF Score
Nippon Seiki Co Ltd NSEIF
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 4.852 + 20.519 + 18.427 + 10.159 = $54 Mil.
Cash Flow from Operations was 115.183 + 13.33 + 31.241 + 107.113 = $267 Mil.
Revenue was 527.562 + 541.163 + 501.042 + 589.428 = $2,159 Mil.
Gross Profit was 70.845 + 84.132 + 80.018 + 86.336 = $321 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2227.964 + 2256.147 + 2250.95 + 2224.096 + 2188.424) / 5 = $2229.5162 Mil.
Total Assets at the begining of this year (Mar25) was $2,228 Mil.
Long-Term Debt & Capital Lease Obligation was $95 Mil.
Total Current Assets was $1,425 Mil.
Total Current Liabilities was $503 Mil.
Net Income was 1.242 + 3.875 + 10.513 + 25.192 = $41 Mil.

Revenue was 483.865 + 532.087 + 489.896 + 594.381 = $2,100 Mil.
Gross Profit was 71.81 + 70.54 + 74.239 + 90.569 = $307 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2260.28 + 2139.446 + 2259.986 + 2164.311 + 2227.964) / 5 = $2210.3974 Mil.
Total Assets at the begining of last year (Mar24) was $2,260 Mil.
Long-Term Debt & Capital Lease Obligation was $93 Mil.
Total Current Assets was $1,452 Mil.
Total Current Liabilities was $527 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 Seiki Co's current Net Income (TTM) was 54. ==> 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 Seiki Co's current Cash Flow from Operations (TTM) was 267. ==> 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)
=53.957/2227.964
=0.02421808

ROA (Last Year)=Net Income/Total Assets (Mar24)
=40.822/2260.28
=0.01806059

Nippon Seiki Co's return on assets of this year was 0.02421808. Nippon Seiki Co's return on assets of last year was 0.01806059. ==> 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 Seiki Co's current Net Income (TTM) was 54. Nippon Seiki Co's current Cash Flow from Operations (TTM) was 267. ==> 267 > 54 ==> CFROA > ROA ==> Score 1.

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
=95.392/2229.5162
=0.04278596

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=92.837/2210.3974
=0.04200014

Nippon Seiki Co's gearing of this year was 0.04278596. Nippon Seiki Co's gearing of last year was 0.04200014. ==> 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
=1425.442/502.884
=2.83453441

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1452.452/527.454
=2.75370364

Nippon Seiki Co's current ratio of this year was 2.83453441. Nippon Seiki Co's current ratio of last year was 2.75370364. ==> 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.

Nippon Seiki Co's number of shares in issue this year was 57.473. Nippon Seiki Co's number of shares in issue last year was 58.454. ==> 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
=321.331/2159.195
=0.14881981

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=307.158/2100.229
=0.14624977

Nippon Seiki Co's gross margin of this year was 0.14881981. Nippon Seiki Co's gross margin of last year was 0.14624977. ==> 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)
=2159.195/2227.964
=0.9691337

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2100.229/2260.28
=0.92918975

Nippon Seiki Co's asset turnover of this year was 0.9691337. Nippon Seiki Co's asset turnover of last year was 0.92918975. ==> 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+0+1+1+1+1
=8

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

Nippon Seiki Co has an F-score of 8. 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 8 mean?
Nippon Seiki Co (NSEIF) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Seiki Co and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Nippon Seiki Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Nippon Seiki Co ranks #29 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 2.3%.
Is Nippon Seiki Co's Piotroski F-Score too high?
Nippon Seiki 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 3.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Nippon Seiki Co's value of 8 is 60% above this industry median. Based on the distribution chart, Nippon Seiki Co ranks #29 out of 1287 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Seiki Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Seiki Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nippon Seiki Co ranks #29 out of 1287 companies for Piotroski F-Score. This places Nippon Seiki Co in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nippon Seiki Co's value of 8 is 60% above this benchmark. Historically, Nippon Seiki Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Nippon Seiki 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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 Seiki 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 Nippon Seiki Co and its competitors. For the Vehicles & Parts 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 Seiki 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 Nippon Seiki Co stock overvalued right now?
Nippon Seiki Co (NSEIF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $4.90, compared to a current price of $8.54 — trading 74.3% 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 Vehicles & Parts industry median of 5.00. Nippon Seiki Co's overall GF Score™ is 78/100 with 3 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 Seiki Co (NSEIF), the current Piotroski F-Score is 8 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 Seiki Co (NSEIF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Seiki Co stock appears to be overvalued. The current stock price of $8.54 is trading 74.3% above its estimated GF Value™ of $4.90.

Key valuation signals for NSEIF:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: $4.90 vs. price of $8.54 (74.3% above fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#29 of 1287)

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


Nippon Seiki Co Business Description

Other Exchanges 7287:Japan
Address Higashizao 2-34 2-chome, Nagaoka, Niigata, JPN, 940-8580
Nippon Seiki Co Ltd is a manufacturer of automobile components sold on aftermarkets. The range of products include instrument clusters for automobiles and motorcycles and other applications for head-up displays; level, revolution, pressure, and temperature sensors; household appliances, office and factory automation appliances; and passive LCD and OLED display products. On the aftermarkets, Nippon Seiki sells its product under its private label Defi. The company generates the majority of its revenue from automotive instruments, with a focus on Japan, the Americas, and the rest of Asia.
78GF Score

Get the complete analysis for NSEIF

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

$8.54
Price
$4.90
GF Value