NSOMF (Nisshin Oillio Group) Piotroski F-Score: 6 (As of Jul. 17, 2026) — Near Median

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NSOMF Nisshin Oillio Group Ltd NSOMF
69 GF Score
Price $12.09
GF Value $11.80
! 6 Warning Signs
View Full Analysis

What is Nisshin Oillio Group Piotroski F-Score?

Nisshin Oillio Group NSOMF 69 Piotroski F-Score is 6 as of Jul. 17, 2026, which is at its 10-year median of 6.00. GuruFocus rates NSOMF with a GF Score™ of 69/100 and a GF Value™ of $11.80. The stock has 6 warning signs investors should review. Among 1,915 Consumer Packaged Goods companies, Nisshin Oillio Group ranks better than 73.21% on this metric.

The zones of discrimination were as such:

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

Nisshin Oillio Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Nisshin Oillio Group's Piotroski F-Score or its related term are showing as below:

NSOMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nisshin Oillio Group was 8. The lowest was 2. And the median was 6.

Nisshin Oillio Group  (OTCPK:NSOMF) 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.


Nisshin Oillio Group Piotroski F-Score Related Terms


Nisshin Oillio Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nisshin Oillio Group'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.

Nisshin Oillio Group Piotroski F-Score Chart

Nisshin Oillio Group 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 5.00 7.00 5.00 6.00

Nisshin Oillio Group 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 5.00 6.00 6.00 5.00 6.00

NSOMF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Nisshin Oillio Group'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.


Nisshin Oillio Group Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nisshin Oillio Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nisshin Oillio Group's Piotroski F-Score falls into.


NSOMF
69GF Score
Nisshin Oillio Group Ltd NSOMF
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 115.162 + 12.64 + 26.168 + 8.823 = $163 Mil.
Cash Flow from Operations was -68.153 + 49.472 + 6.843 + 75.15 = $63 Mil.
Revenue was 914.084 + 932.289 + 943.104 + 865.16 = $3,655 Mil.
Gross Profit was 124.907 + 117.764 + 134.625 + 115.564 = $493 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2604.644 + 2839.425 + 2907.694 + 2852.343 + 2843.316) / 5 = $2809.4844 Mil.
Total Assets at the begining of this year (Mar25) was $2,605 Mil.
Long-Term Debt & Capital Lease Obligation was $621 Mil.
Total Current Assets was $1,651 Mil.
Total Current Liabilities was $706 Mil.
Net Income was 32.465 + 16.754 + 30.27 + 4.522 = $84 Mil.

Revenue was 813.936 + 928.145 + 930.187 + 849.551 = $3,522 Mil.
Gross Profit was 122.545 + 129.007 + 136.067 + 107.791 = $495 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2625.722 + 2555.999 + 2713.572 + 2636.263 + 2604.644) / 5 = $2627.24 Mil.
Total Assets at the begining of last year (Mar24) was $2,626 Mil.
Long-Term Debt & Capital Lease Obligation was $487 Mil.
Total Current Assets was $1,534 Mil.
Total Current Liabilities was $713 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.

Nisshin Oillio Group's current Net Income (TTM) was 163. ==> 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.

Nisshin Oillio Group's current Cash Flow from Operations (TTM) was 63. ==> 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)
=162.793/2604.644
=0.06250106

ROA (Last Year)=Net Income/Total Assets (Mar24)
=84.011/2625.722
=0.03199539

Nisshin Oillio Group's return on assets of this year was 0.06250106. Nisshin Oillio Group's return on assets of last year was 0.03199539. ==> 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.

Nisshin Oillio Group's current Net Income (TTM) was 163. Nisshin Oillio Group's current Cash Flow from Operations (TTM) was 63. ==> 63 <= 163 ==> 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
=621.454/2809.4844
=0.22119859

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=486.906/2627.24
=0.18532985

Nisshin Oillio Group's gearing of this year was 0.22119859. Nisshin Oillio Group's gearing of last year was 0.18532985. ==> 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
=1651.491/706.359
=2.33803349

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1534.045/713.14
=2.15111339

Nisshin Oillio Group's current ratio of this year was 2.33803349. Nisshin Oillio Group's current ratio of last year was 2.15111339. ==> 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.

Nisshin Oillio Group's number of shares in issue this year was 94.289. Nisshin Oillio Group's number of shares in issue last year was 97.253. ==> 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
=492.86/3654.637
=0.13485881

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=495.41/3521.819
=0.14066879

Nisshin Oillio Group's gross margin of this year was 0.13485881. Nisshin Oillio Group's gross margin of last year was 0.14066879. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3654.637/2604.644
=1.40312342

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3521.819/2625.722
=1.34127642

Nisshin Oillio Group's asset turnover of this year was 1.40312342. Nisshin Oillio Group's asset turnover of last year was 1.34127642. ==> 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+0+1+1+0+1
=6

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

Nisshin Oillio Group has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Nisshin Oillio Group (NSOMF) has a Piotroski F-Score of 6 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nisshin Oillio Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Nisshin Oillio Group's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Nisshin Oillio Group ranks #513 out of 1915 companies in the Consumer Packaged Goods industry, placing it in the top 26.8%.
Is Nisshin Oillio Group's Piotroski F-Score too high?
Nisshin Oillio Group's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Nisshin Oillio Group's value of 6 is 20% above this industry median. Based on the distribution chart, Nisshin Oillio Group ranks #513 out of 1915 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nisshin Oillio Group has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Nisshin Oillio Group's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nisshin Oillio Group ranks #513 out of 1915 companies for Piotroski F-Score. This puts Nisshin Oillio Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nisshin Oillio Group's value of 6 is 20% above this benchmark. Historically, Nisshin Oillio Group's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nisshin Oillio Group 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,915 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. Nisshin Oillio Group's current Piotroski F-Score of 6 is 20% 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 Nisshin Oillio Group and its competitors. For the Consumer Packaged Goods 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. Nisshin Oillio Group's current Piotroski F-Score is 6, which is near 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 Nisshin Oillio Group stock overvalued right now?
Nisshin Oillio Group (NSOMF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $11.80, compared to a current price of $12.09 — trading 2.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Nisshin Oillio Group's overall GF Score™ is 69/100 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 Nisshin Oillio Group (NSOMF), the current Piotroski F-Score is 6 as of Jul. 17, 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 Nisshin Oillio Group (NSOMF) Overvalued in 2026?

Based on GuruFocus' analysis, Nisshin Oillio Group stock appears to be overvalued. The current stock price of $12.09 is trading 2.5% above its estimated GF Value™ of $11.80.

Key valuation signals for NSOMF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $11.80 vs. price of $12.09 (2.5% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#513 of 1915)

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


Nisshin Oillio Group Business Description

Other Exchanges 2602:Japan
Address 1-23-1, Shinkawa, Chuo-ku, Tokyo, JPN, 104-8285
Nisshin Oillio Group Ltd is a Japanese company engaged in the manufacture of oil products. The company operates five reporting segments. The oils and meals business produces edible oils for household, commercial use, and food processing. The processed oils and fats business manufactures processed oil and fat products. The healthy foods business supplies dressings and healthcare products. The fine chemicals business provides raw materials for cosmetics, food ingredients, and chemical products. Finally the soy foods and materials business produces soy food ingredients and soy protein. The oils and meals business accounts for more than half of group revenue.
69GF Score

Get the complete analysis for NSOMF

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

$12.09
Price
$11.80
GF Value