NTT (NTTYY) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


NTTYY NTT Inc NTTYY
80 GF Score
Price $22.15
GF Value $27.03
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is NTT Piotroski F-Score?

NTT NTTYY -1.12% 80 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NTTYY with a GF Score™ of 80/100 and a GF Value™ of $27.03 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 359 Telecommunication Services companies, NTT ranks better than 88.3% 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

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

NTTYY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of NTT was 9. The lowest was 4. And the median was 6.

NTT  (OTCPK:NTTYY) 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.


NTT Piotroski F-Score Related Terms


NTT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for NTT'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.

NTT Piotroski F-Score Chart

NTT 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 7.00 4.00 6.00 7.00

NTT 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 4.00 5.00 5.00 7.00

NTTYY vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, NTT'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.


NTT Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NTT's Piotroski F-Score distribution charts can be found below:

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


NTTYY
80GF Score
NTT Inc NTTYY
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 1797.534 + 2271.949 + 2119.161 + 699.333 = $6,888 Mil.
Cash Flow from Operations was 3642.319 + 3053.47 + -130.635 + 3326.185 = $9,891 Mil.
Revenue was 22577.242 + 23742.764 + 23399.448 + 25132.437 = $94,852 Mil.
Gross Profit was 17140.635 + 18728.2 + -14569.496 + 51802.068 = $73,101 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(201683.665 + 214555.69 + 226241.944 + 300386.691 + 294431.964) / 5 = $247459.9908 Mil.
Total Assets at the begining of this year (Mar25) was $201,684 Mil.
Long-Term Debt & Capital Lease Obligation was $77,349 Mil.
Total Current Assets was $71,493 Mil.
Total Current Liabilities was $140,739 Mil.
Net Income was 1736.577 + 1963.261 + 1923.742 + 1001.794 = $6,625 Mil.

Revenue was 20524.661 + 23438.323 + 22488.8 + 24520.742 = $90,973 Mil.
Gross Profit was 15584.442 + 18129.692 + -14277.938 + 51996.027 = $71,432 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(197600.451 + 189974.693 + 203182.555 + 198963.068 + 201683.665) / 5 = $198280.8864 Mil.
Total Assets at the begining of last year (Mar24) was $197,600 Mil.
Long-Term Debt & Capital Lease Obligation was $54,455 Mil.
Total Current Assets was $56,155 Mil.
Total Current Liabilities was $59,475 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.

NTT's current Net Income (TTM) was 6,888. ==> 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.

NTT's current Cash Flow from Operations (TTM) was 9,891. ==> 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)
=6887.977/201683.665
=0.03415238

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6625.374/197600.451
=0.03352914

NTT's return on assets of this year was 0.03415238. NTT's return on assets of last year was 0.03352914. ==> 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.

NTT's current Net Income (TTM) was 6,888. NTT's current Cash Flow from Operations (TTM) was 9,891. ==> 9,891 > 6,888 ==> 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
=77348.703/247459.9908
=0.31257054

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=54455.264/198280.8864
=0.27463698

NTT's gearing of this year was 0.31257054. NTT's gearing of last year was 0.27463698. ==> 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
=71492.986/140739.261
=0.50798182

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=56155.198/59475.418
=0.94417492

NTT's current ratio of this year was 0.50798182. NTT's current ratio of last year was 0.94417492. ==> 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.

NTT's number of shares in issue this year was 3290.331. NTT's number of shares in issue last year was 3344.434. ==> 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
=73101.407/94851.891
=0.77069003

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=71432.223/90972.526
=0.78520655

NTT's gross margin of this year was 0.77069003. NTT's gross margin of last year was 0.78520655. ==> 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)
=94851.891/201683.665
=0.47030031

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=90972.526/197600.451
=0.46038623

NTT's asset turnover of this year was 0.47030031. NTT's asset turnover of last year was 0.46038623. ==> 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+0+1+0+1
=6

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

NTT 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 7 mean?
NTT (NTTYY) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NTT and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, NTT's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, NTT ranks #42 out of 359 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is NTT's Piotroski F-Score too high?
NTT'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 4.00 to a high of 9.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. NTT's value of 7 is 16.7% above this industry median. Based on the distribution chart, NTT ranks #42 out of 359 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, NTT has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NTT's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NTT ranks #42 out of 359 companies for Piotroski F-Score. This places NTT in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. NTT's value of 7 is 16.7% above this benchmark. Historically, NTT's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, NTT 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. NTT'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 NTT and its competitors. For the Telecommunication Services 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. NTT'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 NTT stock overvalued right now?
Based on GuruFocus' analysis, NTT (NTTYY) is currently considered Modestly Undervalued. The stock's GF Value™ is $27.03, compared to a current price of $22.15 — trading 18.1% below 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 Telecommunication Services industry median of 6.00. NTT's overall GF Score™ is 80/100 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 NTT (NTTYY), the current Piotroski F-Score is 7 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 NTT (NTTYY) Overvalued in 2026?

Based on GuruFocus' analysis, NTT stock appears to be undervalued. The current stock price of $22.15 is trading 18.1% below its estimated GF Value™ of $27.03. GuruFocus considers NTT to be Modestly Undervalued.

Key valuation signals for NTTYY:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $27.03 vs. price of $22.15 (18.1% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 16.7% above the Telecommunication Services median (#42 of 359)

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


NTT Business Description

Address 5-1, Otemachi 1-Chome, Otemachi First Square, East Tower, Chiyoda-Ku, Tokyo, JPN, 100-8116
NTT owns NTT DoCoMo, the largest wireless operator in Japan, with 53 million mobile handset subscribers. It also owns NTT East and NTT West, the two regional incumbent fixed-line operators in Japan, with about 23.6 million broadband lines (around 72% of which are wholesaled). The firm also provides IT and communications systems integration via NTT Communications and NTT Data.
80GF Score

Get the complete analysis for NTTYY

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

$22.15
Price
$27.03
GF Value